# The Latest on Choosing Banks and Registered Agents for Startups
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-06-08
Category: BUSINESS
Category URL: https://financedigest.com/category/business
Meta Title: Choosing the Best Business Bank Account
Meta Description: Select a bank account tailored to your business needs whether it's online, national, tech-focused or traditional. Find the perfect fit for your startup
URL: https://financedigest.com/the-latest-on-choosing-banks-and-registered-agents-for-startupshtml

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Choosing the right bank for your business is as important as choosing the right name for your brand. Every entrepreneur needs a bank account, but should select wisely depending on the nature of their business.

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### Online Bank Account: BlueVine

For businesses who don’t often deal with cash or who mostly operate online, an online business bank account will be beneficial. BlueVine lets [businesses make as many transactions as they need](https://www.financedigest.com/what-is-premises-liability-coverage-and-why-does-your-business-need-it.html "What is Premises Liability Coverage … and Why Does Your Business Need It?") without fees. Business [banking is made](https://www.financedigest.com/fintech-v-the-banks-uneasy-bedfellows-or-a-match-made-in-heaven.html "FinTech v the Banks: Uneasy Bedfellows or a Match Made in Heaven?") convenient and hassle-free.

### National Bank: Chase

This bank offers everything a startup [needs such as no minimum deposit requirement for opening an account and numerous branches and ATMs throughout the country](https://www.financedigest.com/5-countries-you-need-to-have-an-offshore-account-in.html "5 Countries You Need To Have An Offshore Account In"). They offer benefits such as mobile and [online banking](https://www.financedigest.com/dutch-online-bank-bunq-applies-for-u-s-banking-licence.html "Dutch online bank Bunq applies for U.S. banking licence"), sending and receiving wire transfers and much more.

### Tech Startups: Silicon Valley Bank

Technology [startups](https://www.financedigest.com/legislate-raises-3-6m-to-give-startups-smes-the-technology-to-query-and-compare-every-contract.html "Legislate raises .6M to give startups & SMEs the technology to query and compare every contract") will be hard-pressed to find a different bank that is geared towards technology. [Silicon Valley Bank](https://www.financedigest.com/exclusive-u-s-regulator-seeks-sale-of-silicon-valley-bank-signature-bank-portfolios-sources.html "Exclusive-U.S. regulator seeks sale of Silicon Valley Bank, Signature Bank portfolios-sources") is utilized by an estimated 50% of all venture-backed startups. As the go-to bank for [tech startups](https://www.financedigest.com/startups-spring-from-ashes-of-big-tech-purge.html "Startups spring from ashes of Big Tech purge") they have resources that will benefit companies, especially when it comes to access to venture capital connections.

### Old-school Banking: Wells Fargo

Startups and [entrepreneurs who need](https://www.financedigest.com/10-secrets-every-entrepreneur-needs-to-thrive-in-2023.html "10 Secrets Every Entrepreneur Needs to Thrive in 2023") a local presence from their bank will benefit from going the old-school route with Wells Fargo. Catering for business entities of every size, the bank has branches throughout the United States and has a long history of helping [startup businesses and entrepreneurs grow](https://www.financedigest.com/4-strategies-for-quickly-growing-your-startup.html "4 Strategies for Quickly Growing Your Startup") their business. They make business baking simple and offer unique [bank accounts](https://www.financedigest.com/new-legislation-makes-switching-bank-accounts-simples.html "New legislation makes switching bank accounts “simples”") that are fitted for the different stages you may find your business in.

### Choosing a Registered Agent

Another hurdle for new businesses, especially if it is a corporation, LLC or nonprofit, is the appointment of a registered agent. The registered agent is an individual or business entity that can receive [service](https://www.financedigest.com/more-companies-investing-heavily-in-business-services-software.html "More Companies Investing Heavily In Business Services Software") of process as well as compliance documents on behalf of the business. This is especially handy if you run an online business or have limited [office space](https://www.financedigest.com/a-guide-to-finding-office-space-for-your-startup.html "A guide to finding office space for your startup"). Some of the oficial mail a registered agent can receive includes official federal and state correspondence, tax notices, wage garnishment notices and more.

The registered agent acts as your [business’ main point of contact and choosing](https://www.financedigest.com/tips-for-choosing-the-right-chief-finance-officer-for-your-business.html "Tips for Choosing the Right Chief Finance Officer for Your Business") one should be done with care. TRUiC research provides the best evaluation and review [service in the industry](https://www.financedigest.com/the-push-and-pull-of-identity-security-adoption-in-the-financial-services-industry.html "The push and pull of identity security adoption in the financial services industry"). It points out that some of the [best registered agent](https://startupsavant.com/best-registered-agent-services) services are:

### ZenBusiness

This [business formation service](https://www.financedigest.com/how-guest-blogging-service-can-help-your-business.html "How guest Blogging Service Can Help Your Business") was founded in 2015. This registered agent will help [businesses stay compliant with government](https://www.financedigest.com/where-do-small-businesses-turn-when-government-support-dries-up.html "Where do small businesses turn when government support dries up?") laws. When it comes to [customer service](https://www.financedigest.com/customer-engagement-trends-that-will-rule-banking-and-financial-services-in-2021.html "Customer Engagement Trends that Will Rule Banking and Financial Services in 2021"), ZenBusiness stands out with many positive reviews online. They offer a straightforward [process and professional customer](https://www.financedigest.com/fraud-protection-why-customer-onboarding-requires-digital-identity-processing.html "Fraud Protection: Why Customer Onboarding Requires Digital Identity Processing") support.

### Rocket Lawyer

This registered agent service may cost a bit more, but they have helped to form over 800,000 [businesses and is backed](https://www.financedigest.com/improve-your-business-while-saving-the-planet-and-your-back-with-easycat.html "Improve your business while saving the planet and your back with EasyCat") by Google Ventures. Their Legal Services [Plan includes consultations with business](https://www.financedigest.com/crafting-a-business-continuity-cybersecurity-plan.html "Crafting a Business Continuity Cybersecurity Plan") attorneys. Rocket Lawyer’s legal [services includes the creation of custom legal documents and contracts](https://www.financedigest.com/axion-swiss-bank-and-avaloq-sign-long-term-contract-for-bpo-services.html "Axion Swiss Bank and Avaloq sign long-term contract for BPO services"), LLC formation, reviewing of contracts as well as telephonic legal advice.

### Northwest Registered Agent

Being in business since 1998 this registered agent has made a name for themselves as one of the friendliest LLC services available and [offers excellent](https://www.financedigest.com/bellways-kent-wharf-offers-excellent-returns-for-city-bonuses.html "Bellway’s Kent Wharf Offers Excellent Returns For City Bonuses") phone and email support. Most registered agents only scan certain documents, such as legal summons or official mail, however Northwest will scan all paperwork, which reduces the chances of missing important documents or filing dates.

### IncFile

In addition to taking their online security seriously, IncFile [offers business](https://www.financedigest.com/surgical-equipment-market-high-trend-opportunities-offers-future-business-growth-by-2030.html "Surgical Equipment Market High Trend Opportunities Offers Future Business Growth by 2030") formation services as well as registered agent services. Being an Authorize.net verified merchant, clients can rest assured that their information will be secure.

### What makes a good registered agent?

When [forming](https://www.financedigest.com/networking-is-key-to-forming-business-ideas-as-a-college-student.html "Networking Is Key To Forming Business Ideas As A College Student") a business or registering to do business in any state appointing a registered agent is required. Certain state licenses also require the appointment of a [registered agent, however the registered agent’s responsibilities](https://www.financedigest.com/lumen-registers-increased-views-and-more-positive-response-to-ads-using-seenthis-technology.html "Lumen registers increased views and more positive response to Ads using SeenThis Technology") do not end with simply accepting official documents on your behalf. The [agent is responsible for delivering the documents to the business owner](https://www.financedigest.com/crown-agents-bank-owner-explores-sale-of-british-payments-group-sources.html "Crown Agents Bank owner explores sale of British payments group –sources") promptly. Should an agent neglect this simple action the possibility exists that the [business owner](https://www.financedigest.com/how-banks-will-evolve-to-support-small-business-owners.html "How banks will evolve to support small business owners") can lose a lawsuit through default, or be subject to court sanctions if a subpoena is ignored.

The registered agent should be reputable with a [track record](https://www.financedigest.com/norway-on-track-for-record-gas-export-will-be-ready-for-winter-gassco-ceo.html "Norway on track for record gas export, will be ready for winter -Gassco CEO") for providing registered agent services. When in doubt, many states’ business filing departments often maintain a database of [service providing](https://www.financedigest.com/high-energy-shockwave-therapy-units-market-end-user-demand-by-types-regions-top-players-service-provides-regional-outlook-and-forecast-to-2028-2.html "High Energy Shockwave Therapy Units Market End-User Demand by Types, Regions, Top Players, Service Provides, Regional Outlook and Forecast to 2028") registered agents for the area.

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