Yes, you can have multiple business bank accounts. In fact, there’s no limit on how many business accounts you can have. To find the right number for you, determine which types of business bank accounts you need — business checking, savings, CDs or even cash management — and why.
For instance, using multiple accounts is often a smart way to save for different goals or separate expenses. And opening accounts at different small-business banks can help shield your company from fraud or bank failures. Here’s what to consider if you want to have two or more business bank accounts.
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