How to Open a Business Bank Account

Start Working with a Bank

The first and most important financial step most businesses take is finding a bank to work with and setting up a business bank account.

Open a Business Bank Account

For legal and financial reasons, it’s important to separate your personal and business expenses. If your business has started generating revenue, then it’s time to open a business bank account.

Why should I open a separate bank account for my business?

There are many reasons why it is important to open a business bank account. Opening a separate account can help protect your personal finances from business-related expenses. In order to get paid by the Town of Brookline, you will need a business bank account. Additionally, many loan applications and other certifications require you to have a business bank account.

How do I open a business bank account?

The Small Business Administration (SBA) website is a great resource for learning more about opening a business bank account. Visit the SBA’s guide to opening a bank account for your business here.