Private Practice Pain Doc

One of the first accounts I opened for my new business was a business checking account. This account serves as the primary place for me to deposit money earned, and pay for business expenses. I primarily use Chase because I think they have one of the best mobile apps, and I frequently use built-in app features like Zelle to pay for certain services with vendors or freelancers who accept Zelle, and mobile check deposit so I don’t have to go to the ATM or bank to deposit small and large checks.

I have a Wells Fargo business checking account connected to the small business loan that I financed with them in order to make paying off the loan easier, but I don’t use it for my day-to-day transactions.

Once I had my business checking accounts set up, I started researching business credit cards. I didn’t need a card that builds points by traveling, because my main consumer credit card, the American Express Platinum card, does that for me. I wanted cards that give points for spending on specific office expenses or cash-back, and I ended up signing up for the Chase Ink Business Preferred and Capital One Spark 2% Cash Plus cards.

I have the Chase Ink Business Preferred card to earn points by using it to pay for internet, phone, and TV, which I have set on autopay to make sure I maximize the points earned for those categories. I also have the Capital One Spark 2% Cash Plus card, and I find myself using this card more than the Chase Ink Business Preferred card for everyday business expenses because its cash-back perks are straightforward and generous, without category restrictions.

There are a lot of options out there, so do your research! And remember, you can’t open any of these accounts without first setting up a business entity and obtaining an employer identification number (EIN).