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Every aspect of running a business is crucial. The finances are one of the most important things to handle when it comes to running a business, so it makes sense to open a business checking account at your bank. When it comes to filing taxes or just staying organized, it makes sense to keep your personal and business accounts separate.

Most banks require anyone opening a business account and ordering business checks to first obtain and file a DBA, or “Doing Business As” form with their county. The bank requires this if you are operating your business under a business name other than your first and last name. Charges vary from county to county and state to state.

The initial amount you need to open your business checking account also differs, depending on which bank you use. It will invariably be more than what you need to open a personal account, of course, but you will benefit if you scout around and check what kind of charges are applicable with different banks. Always keep in touch with your accountant, too - there might be fees that come under the tax-deductible category.

The money that you keep in your business checking account will probably not earn any interest. In fact, if your account balance gets too low you may incur extra monthly charges. There are also fees relating to checks paid. Know what fees are being charged and when they are accessed.

Keeping records is very important with a business checking account. Keep track of each transaction so that you do not get overdrawn. This way, you can have a great relationship with your bank, which will grow over time.