A US Bank business account is a financial product tailored for businesses and organizations. It offers features and services specifically designed to meet the banking needs of businesses, such as multiple signatories, customized checkbooks, and online banking with advanced features.
Business accounts are essential for managing business finances effectively. They allow for efficient handling of transactions, expense tracking, and payroll processing. Historically, the development of online banking and mobile apps has greatly improved the accessibility and convenience of managing business accounts remotely.