Monday, December 7, 2015

10 Facts You Need to Know about Web Hosting



In this article, I'll discuss 10 facts you need to know about web hosting. Selecting a web hosting provider can be as important as deciding where you locate your business. Making the right decision can make the difference between your website surviving or not.
Internet web hosting comes in all shapes, sizes, and offerings from major registrars offering dozens of different plans, to budget hosting; from middle of the road to high-end enterprise hosting; there are almost limitless offerings. Before you decide to use an external web hosting service or even have a web presence, you should thoroughly determine whether the benefits and costs are going to bring a return on your investment.
1. Cost
Cost is a critical consideration, but it's only one among many. Before you go looking for the cheapest host with most features, you should evaluate what your budget is. Once you know your budget, it'll be easier to evaluate all providers. Treat your website like a business, not your personal website.
Low-cost or budget hosting seems appealing and many organizations want to try it. Keep in mind if low-cost hosting appeals to you, that the hoster can target having hundreds or thousands of sites on a single server. It only takes one or two sites to cause issues. One outage can be the same as a power outage for a brick and mortar store. Have you ever seen how many businesses close during a power outage? Evaluate these offerings carefully.

Medium to higher-end hosting targets enterprise-level services. Some of the services can be specialized such as email and web hosting. Others will work with you to provide a single server or multiple servers depending on your needs. Cloud computing is a newer offering that throws a twist into traditional options.
Partnering, planning, and coordinating with a host that can grow with your needs can be beneficial. Using an outside provider can help streamline the process of getting a solution in place for a big promotion in a short amount of time. I've partnered with a couple higher-end hosting providers, and it was a good experience. They had the knowledge and the expertise to handle pretty much anything that was asked of them.
For larger companies used to controlling their own systems, turning over control can be an adjustment. When partnering with a high-end hoster, you should engage a lawyer to review your agreements. (This is always a good idea, no matter what size hoster you're dealing with.) Things work out best when expectations are clearly set out by all parties. Having a set of rules in a contract protects both sides. In the contract, you can define overage charges, refunds during outages, expected communications, and so on.
Review all costs involved including overage charges, adding additional features, or deploying custom solutions. There could be setup and ongoing fees. Although cost will be a major factor, choosing a web host shouldn't be solely decided on price. Cheap does not necessarily mean good value.
2. Support
Support can be a very broad term in web hosting. Normally, a provider handles hardware needs, server administration, patching, connection to the Internet, and general maintenance of systems. The site owner normally decides what technologies are used: PHP based, ASP.NET, Java, the database solution, along with any third-party technical solutions. It's important to determine what you, the owner, want supported and what your hosting provider supports. Here are a few things to consider:
         Do they have live chat or IM?
         Phone support?
         Email support?
         24 x 7 x 365?
         What's the response time?
         Ticketing system?
         Business-related questions?
Live chat support is increasingly becoming mainstream and can provide quick access to support personnel. The use of live chat can vary on what types of questions are covered. General sales or technical questions are handled using this technique. I wouldn't expect to have a third- or fourth-level engineer on instant message (IM) to handle general questions. If you do, that is a bonus for the web host!
Phone support is another technique of contacting your web hosting provider. Depending on the question or issue, phone support can be frustrating. In my experience, smaller operators who are not as technically savvy enjoy using phone support. Another variable for what type of support you receive is whether you want to use in-house personnel or a contracted Help desk.
Email support is probably the most common way of obtaining support. Depending on the host, a general email alias or formal ticketing system is the way you first interact with them. The ticketing system can be integrated with some other form of control panel or dashboard. Unlike phone support, you need to describe the issue you are having. Email has become almost second nature to people as a communications method. It isn't the most personal method of communication, but it's effective in most cases.
Does the host provide 24 x 7 x 365 coverage? I've been involved with hosts that were available all the time. Others had set hours with 24 x 7 x 365 emergency coverage. The type of solution you choose and how much you spend will determine your level of support. The key is to determine support expectations and availability up front.
How often have you worked with a company that took several days to respond? When there's an impact on your website, it's critical to have a fast response. Even if the response is not good news, any news during a crisis can help you communicate to your customers.
Last, but not least, consider the business of support: You have to work out non-technical matters such as billing, authorized contacts, or other account-type changes. In my experience, if can be challenging to get address changes, account updates, and other updates.
It's helpful to look at an example to see how your host will react to an issue. Consider a scenario in which your application is ASP.NET driven and the vendor has offered an upgrade to enhance the product. The new features will expand your website offerings. You really want to upgrade. To perform the upgrade, all you have to do is copy new files to the server, run a couple of database scripts, and your application is upgraded. But if all things went smoothly, IT people wouldn't have a job.
Something breaks, so you initiate a support ticket with your host. How will they respond? Are they willing to take network or memory traces? Are they willing to run SQL Server profiler to determine any database issues? Will they search the event logs, provide access to raw Microsoft IIS logs or basic reports to help narrow down where the issue is happening?
Helping to get your business up and running quickly is something to think about when determining a host. Most times, things will go smoothly and you will not have to engage their support. The occasion that something goes wrong will determine whether the host is worth working with. When challenges occur, customer confidence in your website really counts. The advice I can provide is how much money will you lose every hour the site is unavailable? If it's $1,000, spending $1,000 a year or ($100 a month) is a good place to budget.
Support is a large topic and can vary widely from host to host. When searching for a host, don't be afraid to ask a provider questions about how they handle particular cases. If you're an enterprise-level client, it's a good idea to have these concerns addressed in the contract. Support is critical to keeping your site available.
3. Communication
How a host communicates with its clients is important. You should look for a hosting provider who sends regular emails. Newsletter communications should happen on a periodic basis. The content can include items such as showing how the company is performing, discussing any new trends or technology it has deployed, or plans to deploy. Other types of communication can include blogs, forum discussions, social networking, or interactive articles posted on various subjects.
When the hosting provider performs maintenance, the provider should send an advanced notification to clients affected by the change. For example, if the provider wants to perform a generator test during your prime business hours, you can communicate the importance of doing such things during off-hours. Other notifications can be for security patch deployments. Make sure you can set up automatic notifications to let you know when limits are almost reached. Generally, a provider will make these types of communications available in your control panel or dashboard.
4. Features
Features are what draw anyone to most products or services. A web host is no different. Here are some questions you can ask to get information about key features:
         What technologies do they support?
         What technologies do they consider themselves experts in?
         Application Pool memory limits
         Auto-responders
         Bandwidth options
         Control panel
         Costs for additional services
         Custom DLLs or packages
         Email
         Reseller programs
         Sub-do mains
         Web statistics
This list is a start to evaluating a host. Ask if the hoster is the type of site that is on the bleeding edge and stays very current to the latest trends. Does it deploy the latest version of the .NET Framework on day one, or are they a version or two behind?
As mentioned, don't look for the cheapest host with the most features. Look for a host that provides the most features that fit your requirements and is within your budget.
5. Types of Hosting
In today's hosting environment, there are several main types of hosts. I'd classify them into these categories.
Low-cost or budget hosting. This type of hosting is also known as shared hosting. They offer several low-cost plans with a decent amount of features. The cost can range from just a few dollars per month to $20 per month. They cover a broad range of technologies and usually are good for personal or starter sites.
Medium-level hosting. Medium-level hosting focuses on small to midsize businesses (SMBs). The typical plan can range from $50 to $500 per month. The types of plans can be higher-end shared hosting, virtual to dedicated server plans. The dedicated plans can be a single physical or virtual server.
Enterprise-level or managed hosting. This is the highest level of hosting. Enterprise-level plans can run from several hundred to several thousands of dollars per month. If you completely externalize your infrastructure, costs can be even higher. Enterprise-level or managed hosting is where the provider owns the equipment and you pay a monthly charge. It could be considered rent since you are not buying the equipment. When signing a contract, check with your host on replacement of hardware. This will help you stay current and not use old equipment.
Co-location. Co-location is a compromise where you own the hardware and locate in a third-party facility. A dedicated cage could be provided so you have access to your hardware. Or you could partner with the provider to maintain your equipment. There are some providers that handle only the data center portion. These types of providers handle the building, Internet connection, and power.
Cloud hosting. Also known as cloud computing, it's a different approach to providing resources. Cloud computing is definitely the buzz and should be reviewed when evaluating web hosting. Hosting providers claim dynamic resources are available for peaks and valleys. Many service providers are offering on-demand resources such as bandwidth, server processing, or disk space. The prices can vary depending on the type of resource. The cost can include a few cents per gigabyte of disk space, for example. The direction of cloud computing is unknown, but it appears to be going nowhere but up. (No pun intended!)
6. Security
This topic could be an entire article. Here are some highlights to help determine whether a host is ready to meet your security needs.
         Does your site require PCI compliance?
         Do you need to be HIPAA compliant?
         Do you require Sarbanes-Oxley?
         Is the host SAS 70 compliant?
         Does the host deploy security patches and the latest service packs?
         Are intrusion detection system (IDS) implemented?
         How do you handle Distributed Denial of Service (DDoS) attacks?
Each question is a subject within itself. How a host answers can help you determine whether your site would be safe and secure. Your site might not require all of the items listed, but it's good to know that the host can meet these requirements, if necessary.
7. Host Size
In hosting, bigger isn't always better. I'd evaluate the numbers of domains, customers, and turnover rate when evaluating a host. Low-cost or budget hosting tends to target signing up more clients than they lose. This is how they measure success. The larger hosts that target higher end services shoot for longer-term relationships.
Another way to measure a host's size is how many data centers they currently have and how their equipment is deployed. For example, if their equipment resides in a single data center, they could be at a higher risk for having issues.
8. Length of Time in Business
How long the host has been in business doesn't always speak to a company's success, but if a company has been in the hosting business for several years, it's a good sign that they've learned how to compete. It's an indicator that they know their business model and may show that they can be trustworthy.
Internet years can be measured regular years times three. For a hosting company to be in business for 10 years is like being in business for 30 years elsewhere. Things change so fast, any company that doesn't keep up quickly disappears from the scene.
9. Limits
It's exciting to have a busy website that has a lot of traffic. Knowing your limits can help avoid overage charges. Fortunately, hosts provide a range of options when it comes to limits.
For bandwidth, each host will handle bandwidth or data transfer differently. How much bandwidth your sites uses can depend on what type of content a website has. Streaming videos and music will increase the amount quickly. Static pages or database-driven sites won't use as much bandwidth.
Disk space can depend on whether you store a lot of files or are database driven. If your site experiences content growth, make sure your host can meet your needs.
Another limit to be aware of when using shared hosting is application pool or memory limits. Shared hosting can limit the amount of memory a website uses. If you exceed your limit, the host could restrict availability or perform recycles, which will have an impact on performance.
Finding a host that provides unlimited bandwidth, disk space or other resources can help control unexpected costs and maintain a responsive website. Cloud computing can be a compromise and should be evaluated. I would check the fine print to ensure unlimited really means unlimited.
10. Location
The three most important things for a business to succeed are location, location, location. In the Internet, where a host is located can be key to performance and stability. If most of your customers are in Denmark and your host is located in the United States, it's worth evaluating the experience your clients will have.
You can work with your host to see whether they provide monitoring or have other clients with similar experience and get their feedback. Also, when determining a location, inquire about how many network carriers are used. How many Tier1 connections a host has will determine availability when hiccups occur on the Internet.
There are a lot of variations when it comes to web hosting. Knowing your requirements can go a long way in determining whether web hosting is for your business. I hope these top 10 things to know about web hosting helps when deciding which way to go.
Top Keywords: Hosting, Facts About Web Hosting, best web hosting, best web hosting companies, best web hosting sites, cheap web hosting

Student Loans for International and Study Abroad Students


If you are looking for a student loan to fund your international education, we can help. Whether you are an international student in the US or a US student studying abroad – finding a student loan doesn't have to be difficult and with our student loan comparison tool you can find the right loan in seconds – and then apply online.

Why International Student Loans?

Studying overseas is expensive, and many students struggle to fund their international studies. Scholarships and grants are available, but they are very competitive and rarely cover all of your expenses. A loan can cover up to the total cost of attendance, as determined by your school, minus any other aid received.
Here are just a few of the costs your international student loan will cover:
  • Tuition
  • Room and board
  • Books and supplies
  • Travel and transportation
  • Health insurance
  • Living expenses
Even if you already have been awarded financial aid, you may find that you are still coming up short. In cases like these, international student loans can cover the difference – or they can cover the total cost of your education. For more info just visit http://goo.gl/gtHtYS

Top Keywors: best place for student loans, Study Abroad Students, Student Loans for International, Loans, Best Student Loans, Student Loan, 

Canada Student Loans Program


The Canada Student Loans Program provides financial assistance in the form of loans and grants to post-secondary students who demonstrate financial need.
Delivered by: Employment and Social Development Canada (ESDC)

Application Information

  • Students must first apply for a provincial or territorial student loan. Students are automatically considered for a Canada Student Loan when they apply for a provincial or territorial student loan.
  • Loan application forms are available from provincial and territorial student assistance offices and at financial aid offices in educational institutions.
  • Students must apply every year in order to receive funding.

Related Information

  • Students must give loan providers proof of enrolment within six months of finishing their last study period in order to maintain interest-free status while studying. Confirmation of Enrolment forms are issued by educational institutions.
  • The governments of the Northwest TerritoriesNunavut and Quebec do not participate in the Canada Student Loans Program but offer their own financial assistance programs for students.
  • Additional information is available from the National Student Loans Service Centre.
  • The Canada Revenue Agency is responsible for the collection of repayments for defaulted Canada Student Loans.

Top Keywords: Canada Student Loans Program, Loans, federal student loans, student loans repayment, best place for student loans, student loans without cosigner, Canadian Student Loans

Easy Ways to Reduce Student Loan Costs

mini graduation cap on money


It could take five years of $500 monthly payments to pay off the average student loan, but there are ways to reduce what you owe and fork over much less.
America's higher education system is currently embroiled in a period of extreme flux, with budgetary concerns and an online education revolution fueling widespread change and uncertainty throughout the country. Perhaps the biggest issue facing students, institutions and government officials alike is what to do about the overbearing debt emanating from student loans.
Total student debt now surpasses an astounding $1.2 trillion – roughly equal to the GDP of Mexico – and nearly 7 in 10 graduates from the class of 2013 left campus owing money. According to the Institute for College Access & Success, the average indebted graduate of a four-year college has a balance of $28,400, which would take nearly five years of $500 monthly payments to pay off in the absence of interest.
Given how economically debilitating it is to enter the "real world" drowning in the red, public opinion supports legislative action that would make college more affordable and ease the burden on those currently struggling to repay lenders. According to a Wall Street Journal and CNN poll, 82 percent of the 1,000 respondents nationwide were in favor of "providing access to lower-cost student loans and providing more time to those who are paying off their debt." The initiative was far more popular among respondents than fighting ISIS, reforming the tax code and limiting carbon emissions.
The 40 million Americans who currently have outstanding student loan debt are no doubt looking for more tangible, immediate support. With that in mind, here are a few tips that will help you reduce what you owe and save a bit of money along the way.
1. Look Into bank discounts. Wells Fargo and Discover – which collectively control more than $20 billion in private student loans – have begun giving borrowers a break in the form of reduced interest rates, extended repayment terms and, in certain circumstances, forgiven balances. Given how private student lenders have come under fire for oppressive, inflexible terms of late, the move is sure to generate a great deal of good will for the two financial institutions – perhaps prompting competitors to follow suit.
2. Consider a career in public service. Public service jobs aren't known for being financially rewarding, but if you didn't major in a field conducive to finding a job that allows for the quick repayment of your student loans, committing yourself to the public good has the potential to benefit your bottom line.
Those who make 120 monthly student loan payments while employed by a federal, state or local organization or a tax-exempt nonprofit are eligible for the complete forgiveness of their remaining debt. The viability of this approach obviously depends on your vocational interests and just how much you'll owe after 10 years, but it's something worth considering if your balance will be significant.
3. Get paid to move. Just like local governments provide tax incentives to businesses that move to classified development zones, certain municipalities across the country are using financial perks to attract cash-strapped young people who are looking for a place to put down roots.
Kansas, for instance, has put $15,000 in student loan repayment assistance on the table for folks who move to specified Rural Opportunity Zones. Similarly, Niagara Falls, New York, is giving $7,000 to people who live in particular downtown areas.
4. Transfer a balance to a credit card. Most people aren't aware of this, but you can transfer most types of debt – including mortgages and student loans – to a credit card. This is a particularly attractive option if you have a relatively small balance remaining and have been able to make on-time payments up until this point, thereby accruing an excellent credit score.
You can get a credit card that offers 0 percent interest on transferred balances for 15 months and charges neither an annual fee nor a balance transfer fee. Using such a card with a credit card calculator to ensure you are debt-free by the time regular rates take effect has the potential to save you a significant amount of money in finance charges and help you get out of debt faster.
5. Financial literacy must start early. This isn't so much a tip for managing existing student loans, but rather a forward-looking statement about mitigating unsustainable debt in the future. Given how financially burdensome higher education has become and the perhaps decreased value of a college degree, financial instruction at young ages is more important than ever.
Young people must be given the tools needed to make important financial decisions before they are tasked with selecting a college, choosing a major and figuring out how to pay for it all. Making such decisions in the absence of complete information is a recipe for disaster, so incorporating financial literacy education into high school curricula, at the very least, is something schools should give major consideration to moving forward.
     
Ultimately, college campuses are supposed to be bastions of free speech and new ideas – not black holes of debt. If we want the American dream to continue to be alive and well in the years to come, taming our societal student debt problem is a must. 

Top Keywords: Easy Ways to Reduce Student Loan Costs, Loans, Student Loan Facts, How to Handle Student Loans, Consolidate Student Loans, Federal Student Loan

Friday, November 27, 2015

Best Web Hosting For Small Businesses





Every business—and that includes small businesses, enterprises, and individual sole-proprietorships—needs a website, but the monthly costs can mean the difference between a full-blown ecommerce presence or a static page with hours and location. Cost is a critically important consideration when selecting a Web host. But while it's a truism that you get what you pay for, it's also true that there are some great Web hosting deals to be had.
What Is a Cheap Web Host?
First, let's define Web hosts in general. A Web host is a company with servers that you use to store and deliver the files that make up your website. Large businesses can spend hundreds of dollars each year on dedicated Web hosting or virtual private server (VPS) hosting, but there are plenty of Web hosts designed specifically for very small businesses, too.

That's exactly what the services collected here focus on—these are good, functional Web hosting companies that will get your website online with the least amount of damage to your wallet. That's something that we can all appreciate. But how cheap?
Pricing in our list of cheap Web hosts is based on the regular monthly prices, with no discounts applied for the starter plans. If the host offers monthly plans, that's the price we use, even though many of them work out to be cheaper on a per-month basis if you pay upfront for the annual plan. If you're buying on price, you might not want to pay the full year up front, even if it means saving a bit on the back end. Some budgets really are that tight, and some projects may not last a year. Our cutoff for inclusion in this table is that a provider must charge $8 per month or less. Yes, that's an arbitrary number. We chose $8 per month because that means you can have Web hosting for less than $100 per year.
The Features You'll Need
Setting up a website with your own domain is easy, and most importantly, it doesn't have to be expensive. Do you need email, blogging software, email marketing, e-commerce, and file sharing?

Also worth highlighting is the service's customer support. While it's nice to have FAQs and forums, when it's 3 a.m. and your website is inexplicably down, you want someone available right away. Look for 24/7 customer support.
What Cheap Web Hosting Gets You
Cheap Web hosting excludes the powerful and relatively pricey dedicated and VPS hosting options. Instead, you'll need to pick a Shared or managed WordPress hosting plan.

Shared hosting is a setup in which the hosting company runs multiple websites on a server along with your site. Don't let the "shared" bit worry you, though, since you can't peek into anyone else's files and no one else can touch yours. The benefit? Sharing the server space translates to cheap prices for everyone. The downside? Neighboring sites that consume too many resources may cause your site to run at less than peak performance. They might even crash it from time to time.
Managed WordPress hosting services let you set up and run a WordPress blog with minimum fuss. If your business website's primary function is to be a blog, then do your wallet a favor and don't bother with shared hosting plans or other types of Web hosting.
One thing we learned while reviewing Web hosting services is that reading the fine print matters, especially if you are concerned about keeping prices low. Many Web hosts have several tiers of service, with introductory features in starter packages and expanded offerings in higher-priced plans. Don't get swayed by the big fonts touting the monthly fee: Make sure that a particular tier actually offers what you need.
Some hosts charge extra for the tools you might use to design your website. Other hosts require you to commit to a three-year hosting agreement in order to get that low per-month price. Or the price is an introductory one, and after a month, you will revert to a higher price. Until you know what features you need and how quickly you plan to grow, don't commit to annual plans.
Uptime Is Important
The aforementioned features are valuable to the Web hosting experience, but none match the importance of site uptime. If your site is down, clients or customers will be unable to find you or access your products or services. Every customer turned away is a potential sale lost and traffic not monetized.

We've recently added uptime monitoring to our review process, and the results show that most Web hosts do an excellent job of keeping sites up and running. Even if they excel at all other facets of hosting, services with uptime issues can't qualify as top services.
You Don't Have to DIY
If your primary goal is cheap service, and your needs are modest, you do have an alternative to the Web hosts listed in this table: website builders. For those who just want a nice website without any extras—a brochure-ware site, for example—you can skip traditional Web hosting and check out website builder services such as Weebly$8.00 at Weebly and DudaOne$5.00 at Duda.

If you don't care about having your own domain and don't want to do a lot of behind-the-scenes tweaking, you should really consider one of these online website builders, as they let you create surprisingly attractive yet functional sites hosted under their domains. Furthermore, these services can be incredibly cheap: Some offer free plans, though that generally means you'll have branding on your site for the website builder's company. You can often pay to get your own domain, and that generally removes the branding as well. But if you need some control over your domain and need a little bit more functionality, Web hosting is the way to go.
So What's Cheap?
As you can see from the above table, not all cheap Web hosts are created equal. Some have data transfer allotment and storage caps. Read the fine print for the unlimited offerings, however, as there are sometimes gotchas that might sneak up on you later. Other services limit what applications you can use. Some require you to upgrade to a higher tier just to get a particular feature. And then there are the bare-bones services offering just space and no built-in tools to make the process of building and maintaining a site easier. If you're a skilled coder, that might be fine. Which Web host you select depends entirely on how you plan to use it—and your budget. If you are ready to select a great Web hosting service that's also cheap, click the links below to check out our in-depth reviews of the best names in the space. For complete info follow this address http://goo.gl/ymd0Kp

Top Keywords: Best Web Hosting For Small Businesses,best web hosting,cheap web hosting,best web hosting sites,cheapest web hosting,best web hosting companies,Hosting

Free Business Checking Accounts


If your small business is closely watching a tight bottom line, you’ll be happy to know that free business checking accounts are out there, whether you’d prefer to bank online or at a real brick-and-mortar branch in your area.
However, to find them, you may need to do some digging — free business checking is far more common at smaller banks and credit unions than at any of the nation’s biggest banks. There are also a few free small-business checking options with online-only banks. And even if you don’t find a truly free business checking option, your bank may waive the monthly fee if you maintain a certain balance in the account or meet other criteria.

Free business checking at big banks

Big banks such as Chase and Wells Fargo, with their massive networks of branches and ATMs, are seductively convenient. They offer a full range of services, meaning even larger companies can keep all of their business in one spot. Online banking tools and resources are typically polished, too.
As I mentioned above, however, free business checking isn’t an option at the nation’s biggest banks. You may also find it harder to build a meaningful banking relationship at a bigger bank — after all, behemoths don’t have to work quite as hard to keep your business.
Here is a comparison of the base-level Chase business checking accountWells Fargo business checking account, and Bank of America business checking account. These accounts are designed for small businesses, but each bank has account options for bigger businesses with more transactions and cash deposits.
ChaseWells FargoBank of America
Monthly account maintenance fee$10-$12; waived with a daily average balance of at least $1,500$14, waived with a monthly average balance of at least $7,500$15, waived with a monthly average balance of at least $5,000
No-fee transaction limit200200200
No-fee cash deposit limit$7,500$7,500$10,000

As you can see, your options are fairly similar. Chase business checking has the lowest minimum balance for getting your monthly fee waived. Bank of America business checking allows a slightly more generous $10,000 in cash deposits, but the monthly fee is a bit higher if you don’t meet requirements to waive it.
Note that there are often ways to avoid paying the monthly fee other than maintaining a certain minimum balance. For instance, Wells Fargo business checking also waives the fee if you make more than 10 purchases with your business debit card each statement period or set up payroll transactions with the account.

Free business checking at local banks and credit unions

Smaller local banks and credit unions are more likely to have free business checking options than larger banks. You may also find lower (or no) account minimums and more flexible allowances for transactions and cash deposits.
Another potential benefit of keeping your business local is the ability to build more of a personal relationship with your bank. Facetime can humanize you and your business, reminding your bank that you are more than your account balance. This can come in particularly handy if you ever have any banking problems. It may also boost your chances of landing a much-needed loan to grow your business one day.
Of course, there are a few downsides to staying local. Some smaller banks don’t offer the range of products and services that their giant competitors have. You may also find less-polished (or nonexistent) online tools, and you won’t have the convenience of an ATM network with national reach.
Of course, offerings will vary depending on your location, but it wasn’t hard for me to find several free business checking options close to me in Knoxville, Tenn. One local bank,Clayton Bank and Trust, offers free small business checking with a low $100 minimum deposit and a 200-transaction monthly limit. Even better, SmartBank’s free business checking option allows 1,000 transactions and $10,000 in cash deposits before fees kick in.
A local credit union, Y-12, offers a basic business checking option for very small business with a lot of free features, including a check card, online banking, incoming wires, and bill pay. Transactions are capped at 50, but the fee for going over that number is reasonable, at 15 cents per item.

Free business checking online

Online banks are always open, and that’s a wonderful convenience for a small-business owner. Lack of overhead even means lower (or no) fees, and you might even be able to find a business checking account that earns interest.
The main downside with most online banks for businesses will be that you’re usually not allowed to deposit cash. If your small business conducts a lot of cash transactions, you’ll almost certainly need to use a traditional bank in your area. ATM access may also be an issue — be sure your online bank either waives ATM fees or allows fee-free access to a national network.
One of your best free business checking options online is No Bull Checking from SmallBusinessBank.com. SBB is an offshoot of Gardner Bank, based in Kansas City. Like most other banks that offer free business checking, SBB doesn’t charge monthly maintenance fees or require a minimum balance to avoid them.
You also get all of the following without shelling out a dime: unlimited transactions, checks, a business debit card, online bill pay, exports to Quicken and QuickBooks, and mobile deposit. The minimum deposit is a low $100.
If you have a little more cash on hand, EverBank also offers free small business checking. The account requires $1,500 to open, but you get a nice return on your money — anywhere from 0.85% to 1.01% APY, with a six-month introductory rate of 1.40%.
Two computer-scanner options allow business to deposit a high volume of checks right from the office, but there’s also free mobile and mail deposit. Everbank also offers a business money market account, a business CD, and a business credit card with a rewards program.
BofI Federal Bank also offers a free business checking account with no maintenance fee — and no account minimum needed to avoid one. You get 200 free transactions per month, a nationwide ATM network, and free bill pay, online banking, and image statements. There is a $1,000 minimum initial deposit, however. Also under BofI’s umbrella is Bank of Internet USA, a well-regarded online-only bank that focuses on personal banking.

What to look for in a business checking account

Remember to evaluate business checking accounts in the context of your particular business. If you’re a business of one who conducts business entirely online, your needs will be very different from those of a local mom-and-pop diner with a dozen employees and lots of cash deposits.
  • Ability to waive fees: If your bank charges a monthly maintenance fee, they may waive it if you maintain a certain balance in your account. However, that balance may have to be fairly substantial, particularly at bigger banks.
  • Access to ATMs: If easy access to ATMs is a big priority, you’ll want to focus on bigger banks with extensive ATM networks. Alternatively, some online banks will reimburse your ATM fees, but that might be an extra step you’d rather not take.
  • Cash deposit limits: Many online banks don’t allow cash deposits at all, and other banks will limit such deposits. For instance, you may only be able to deposit up to $10,000 in cash per statement cycle without incurring fees. Credit unions have looser limits and may be a better bet for cash-heavy businesses.
  • Transaction limits: Business checking accounts are typically subject to a cap on how many transactions you can conduct per month. Limits often range from 100 to 500 transactions. Exceed the limit and you’ll pay a fee on each additional transaction.
  • Potential for a positive banking relationship: If you’re hoping to grow your small business, consider how your bank can help. Small business loans can be notoriously hard to land, and forming a relationship with a bank — so they see your business as more than a number — can ease the process. Such a relationship will probably require person-to-person facetime that you have a better chance of getting at a smaller community bank or credit union.
  • Ability to bank online: Though it’s easy to assume you’ll be able to perform basic transactions online, smaller local banks and credit unions may not offer free online banking. Further, the usability of online tools can vary widely, with bigger banks and online banks typically offering better, more user-friendly tools.

Free business checking exists in many forms

While you’ll find most of your free business checking account options locally, a handful also exist online. You can even swing free business checking with the big banks as long as you meet their requirements for a fee waiver, often by maintaining a minimum balance.

If you’re a sole proprietor with a very small business, you may simply want to use a regular personal business checking account for business purposes. It’s much easier to avoid fees with personal accounts, and some banks offer sub accounts that make it easy to keep your business funds separate. Check out The Simple Dollar’s guide to the Best Free Checking Accounts for some great options.
Top Keywords: Free Business Checking Accounts, Find a Free Business Checking, Compare Business Checking Accounts, Business Checking Accounts Overview, Business Checking Comparison, Business

Popular Posts

social media share buttons