Business Banking Terms Scanner

Analyze business bank account terms for transaction limits, cash deposit restrictions, and account closure risks that impact operations.

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Business Banking Provisions I Check First

Business accounts have different rules than personal. Know the limitations before your operations depend on them.

Transaction Limits

High Risk

Many online business banks limit free transactions (ACH, wires). Go over and pay $0.50-1+ per transaction. Wire limits can delay payroll.

Look for: Monthly transaction limits, wire caps, and excess fees.

No Cash Deposits

High Risk

Most online business banks don't accept cash deposits at all. Cash-heavy businesses may need additional accounts.

Look for: Cash deposit options, ATM deposit networks, and fees.

Account Closure Risk

High Risk

Banks can close business accounts with little notice for "risk" concerns. Industry type, transaction patterns, or chargebacks trigger closures.

Look for: Prohibited business types and closure triggers.

FDIC Coverage Limits

Medium Risk

Standard FDIC coverage is $250K per ownership category. Business accounts with larger balances may need sweep networks.

Look for: Sweep account options and extended FDIC coverage.

Integration Limitations

Medium Risk

Check which accounting software (QuickBooks, Xero) and payroll systems integrate directly. Manual exports waste time.

Look for: API access, direct integrations, and data export options.

Multi-User Access

Medium Risk

Can your accountant access the account? Can you set spending limits for employees? Role-based access varies widely.

Look for: User roles, permission levels, and card controls.

Scan Business Banking Terms

Paste the account agreement to identify operational limitations.

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