February 12, 2020
Checks are still an important item for businesses and consumers. While online payments are growing, people are becoming less trusting of this option. Hackers target accounts.
However, having a business checking account usually costs money and requires an Employee Identification Number (EIN). It can take time to get all the pieces in place for a business account.
Some business owners wish to operate an all-cash business and don’t want the hassle of using banks. Online finances have made this more accessible.