Open a Business Online Checking Account for Your Startup

Jul 29, 2022 | Checking Account

Zil is a financial technology company, not a bank or an FDIC member. Zil offers banking services through partnership with FDIC member banks Silicon Valley Bank and Texas National Bank.


Opening a business online checking account is essential with the increasing number of people turning hobbies into a business. Surely, startups are conquering the new market. Just look into your surroundings and see the number of new businesses, startups or modern businesses that have arrived in a short time. The advancement in technology paved the way for modern marketing solutions.

If you wish to begin your business banking journey, explore it with Zil. Your Zil account comes with no monthly fees or minimum deposit amounts and no maintenance charges. We have no hidden charges, and it takes only minutes to open a checking account. You can also enjoy ACH and Wire transfers from anywhere, anytime, at a meagre cost compared to other banks with hidden charges. This empowerment in the banking sector has inspired newbie entrepreneurs to turn their hobbies and interests into a business. Before entering the vast space, you should know about managing the business, especially business finance.

Why Should You Open a Business Online Checking Account?

  • Make accounting a lot easier
  • It will give you greater visibility into whether or not your business is profitable
  • It is a significant step in managing your business cash flow
  • It will be easy to account for business expenses at tax time
  • It will make the transition to an LLC or corporation much easier

Zil, a peer-to-peer payments platform and online banking service, allows businesses to spend smarter to reduce fees and costs. Imagine having your bank account always accessible to you through work, home or even on the go with text messages or email confirmations that your transactions are successful. Access to an ACH and wire transfer option at affordable costs makes this possible for those living small business lifestyles. Additionally, the software can help users print their checks at a much cheaper cost than if it was done elsewhere.

How Do I Open a Business Checking Account?

To open a business online checking account, you should have:

  • Business Employee Identification Number (EIN), your Social Security Number, or your tax ID number.
  • Documents regarding your company (Date of formation etc.)
  • Government-issued photo ID and Social Security number
  • Name, email address and phone number

More Options for You and Customers

Choosing the type of account determines your future investments. You may be required to fund the account with a minimum balance each day before using it; however, ten business days are needed for your debit card and checks. Apply online as soon as possible once approved, as access will depend on when you received your actual debit card and checks in the mail.

Move Your Business Forward

Zil will support your bank with experts in Small Business so that we can provide customized growth plans and tailored services. We help to grow your business together and create your banking. As a smallbusiness owner, there are many obstacles in your path to success. Luckily, you can take steps early on to avoid or lessen the impact of some of these obstacles. One effective step is to keep open a business online checking account. Being able to do so will help you manage your finances more effectively.

Offline or Online Bank Accounts

Some banks require you to apply in person, while others give you the option to open an account online. Opening an account is usually fast and easy. Select which type of account you need and fill out the requisite information. You will have to fund it to open your account, and your application may take around ten business days to be approved. Businesses can open a checking account with Zil for free. You don’t have to deposit a minimum amount for opening a checking account. Also, there are no monthly fees to be paid and no minimum balance requirements. 

Opening an online business checking account is the best way to monitor your business. You will have website fees, office expenses, shipping fees, product charges, material costs, etc. It may not be easy to manage and culminate into your account. A separate account is indeed to track expenses and earnings easily. It is a better way to ensure you are not spending more than you need. Such an account will be helpful for your business to look more professional. Using a business-account debit card or checks when purchasing from manufacturers will help your business to look more worthy!

Get in Touch

(408) 775-7720

Make a call directly with our customer support team to make it instantly.

Mail to us to solve any queries you have with Zil.

111 N Market St, San Jose, CA 95113

Po Box 6543, Tyler TX 75711

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