{"id":6772,"date":"2023-12-15T21:09:55","date_gmt":"2023-12-16T03:09:55","guid":{"rendered":"https:\/\/wellnessfi.com\/staging3\/?p=6772"},"modified":"2025-06-03T13:05:43","modified_gmt":"2025-06-03T18:05:43","slug":"streamlining-finances-bookkeeper-friendly-banks-for-your-practice","status":"publish","type":"post","link":"https:\/\/wellnessfi.com\/staging3\/streamlining-finances-bookkeeper-friendly-banks-for-your-practice\/","title":{"rendered":"Streamlining Finances: Bookkeeper-Friendly Banks for Your Practice"},"content":{"rendered":"<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-17\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] group\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"93b885a4-a1c5-411b-b935-6af0576568dd\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<div class=\"markdown markdown-main-panel\" dir=\"ltr\">\n<h3 data-sourcepos=\"5:1-5:358\"><strong>A new wave of bank accounts caters specifically to businesses like yours, making it easier than ever to stay organized and efficient.<\/strong><\/h3>\n<\/div>\n<p data-sourcepos=\"5:1-5:358\">If you&#8217;re like I was for many years, you may be using the first business bank account you saw in an advertisement, or the bank you&#8217;ve used for personal banking.<\/p>\n<p data-sourcepos=\"5:1-5:358\">As our businesses grow and our needs grow with them.\u00a0 Relay and Mercury are two banks raising the bar for what to expect.<\/p>\n<p data-sourcepos=\"5:1-5:358\">These banks low fees and advanced features make them a great option for owners of small, growing businesses:<\/p>\n<ol>\n<li data-sourcepos=\"5:1-5:358\">Account access for multiple users, so your bookkeeper can log in with their own account.<\/li>\n<li data-sourcepos=\"5:1-5:358\">No monthly fees.\u00a0 Free or low fees for everyday money movements such as ACH and wire payments.<\/li>\n<li data-sourcepos=\"5:1-5:358\">Tech-forward.\u00a0 Things like creating a new sub-account, moving money, or delegating to your team are all done online, often in minutes.<\/li>\n<\/ol>\n<div class=\"markdown markdown-main-panel\" dir=\"ltr\">\n<h3 data-sourcepos=\"17:1-17:42\"><strong>1. <a href=\"https:\/\/relayfi.com\/\" target=\"_blank\" rel=\"noopener\">Relay<\/a>: Simplification with Security<\/strong><\/h3>\n<ul data-sourcepos=\"19:1-22:0\">\n<li data-sourcepos=\"19:1-19:145\"><strong>Business-friendly fee structure:\u00a0<\/strong>No monthly fees<\/li>\n<li data-sourcepos=\"20:1-20:161\"><strong>Sub-accounts:<\/strong> <a href=\"https:\/\/www.amazon.com\/Profit-First-Transform-Cash-Eating-Money-Making\/dp\/073521414X\" target=\"_blank\" rel=\"noopener\">Profit First<\/a> companies can set up tax and profit accounts easily<\/li>\n<li data-sourcepos=\"21:1-22:0\"><strong>Enhanced security for bookkeepers:<\/strong> No login sharing needed! Relay lets bookkeepers update transactions directly, while keeping your sensitive information secure.<\/li>\n<\/ul>\n<h3 data-sourcepos=\"23:1-23:41\"><strong>2. <a href=\"https:\/\/mercury.com\/r\/wellness-fi\" target=\"_blank\" rel=\"noopener\">Mercury<\/a>: Modern Banking for Growth<\/strong><\/h3>\n<ul data-sourcepos=\"25:1-28:0\">\n<li data-sourcepos=\"27:1-28:0\"><strong>Customizable account permissions:<\/strong> Give your bookkeeper access to what they need, without compromising security.<\/li>\n<li data-sourcepos=\"27:1-28:0\"><strong>Business-friendly fee structure: <\/strong>No fee business banking, including free ACH and free incoming and outgoing wires.<\/li>\n<\/ul>\n<h3 data-sourcepos=\"29:1-29:52\"><strong>3. <a href=\"https:\/\/www.chase.com\/business\/banking\/checking\" target=\"_blank\" rel=\"noopener\">Chase<\/a>: A business standard<\/strong><\/h3>\n<ul data-sourcepos=\"31:1-34:0\">\n<li data-sourcepos=\"31:1-31:122\"><strong>Options for every sized business:<\/strong> No fee options if your account balances are above minimums<\/li>\n<li data-sourcepos=\"32:1-32:119\"><strong>Known everywhere:<\/strong> Chase has been a business standard for years.\u00a0 Security and stability are found in all three choices, but Chase has been well known for years.<\/li>\n<\/ul>\n<h2 data-sourcepos=\"39:1-39:27\"><strong>Choosing the Right Fit<\/strong><\/h2>\n<ul data-sourcepos=\"41:1-45:0\">\n<li data-sourcepos=\"41:1-41:119\"><strong>Relay:<\/strong> Ideal for small and medium-sized businesses with complex workflows who prioritize security and automation.\u00a0 Relay works with customers with a business tax ID (an EIN) and those without.<\/li>\n<li data-sourcepos=\"42:1-42:92\"><strong>Mercury:<\/strong> Perfect for growing businesses seeking advanced permissions or free wires.\u00a0 You&#8217;ll need an EIN to work with Mercury.<\/li>\n<li data-sourcepos=\"44:1-45:0\"><strong>Chase Bank:<\/strong> Suitable for businesses with a variety of needs, from startups to huge corporations<\/li>\n<\/ul>\n<p data-sourcepos=\"46:1-46:210\">Wellness Fi is here to help you navigate your financial journey, especially when you&#8217;re ready for help with your bookkeeping and taxes. <a href=\"https:\/\/wellnessfi.com\/staging3\/contact-us\/\">Contact us<\/a> today to learn more about these bookkeeper-friendly bank accounts and find the perfect fit for your therapy or wellness business.\u00a0 We&#8217;ve worked with many banks.\u00a0 We&#8217;re happy to share our experience!<\/p>\n<\/div>\n<h2 data-sourcepos=\"46:1-46:210\">Bank comparisons<\/h2>\n<div class=\"horizontal-scroll-wrapper\">\n<div class=\"table-block-component\">\n<div class=\"table-block\">\n<div class=\"table-content\">\n<table data-sourcepos=\"7:1-15:242\">\n<tbody>\n<tr data-sourcepos=\"7:1-7:49\">\n<th data-sourcepos=\"7:1-7:9\">Feature<\/th>\n<th data-sourcepos=\"7:11-7:17\">Relay<\/th>\n<th data-sourcepos=\"7:19-7:27\">Mercury<\/th>\n<th data-sourcepos=\"7:36-7:47\">Chase Bank<\/th>\n<\/tr>\n<tr data-sourcepos=\"9:1-9:131\">\n<td data-sourcepos=\"9:1-9:17\">Target Audience<\/td>\n<td data-sourcepos=\"9:19-9:49\">Small &amp; medium businesses<\/td>\n<td data-sourcepos=\"9:51-9:70\">Growing businesses<\/td>\n<td data-sourcepos=\"9:105-9:129\">Varies (small to large)<\/td>\n<\/tr>\n<tr data-sourcepos=\"10:1-10:162\">\n<td data-sourcepos=\"10:1-10:17\">Account Options<\/td>\n<td data-sourcepos=\"10:19-10:56\">Multiple checking &amp; sub-accounts, perfect for Profit First<\/td>\n<td data-sourcepos=\"10:58-10:97\">Single checking &amp; optional savings.\u00a0 Create sub-accounts yourself.<\/td>\n<td data-sourcepos=\"10:117-10:160\">Variety of checking &amp; savings accounts<\/td>\n<\/tr>\n<tr data-sourcepos=\"13:1-13:113\">\n<td data-sourcepos=\"13:1-13:14\">Integrations<\/td>\n<td data-sourcepos=\"13:16-13:58\">Seamless with popular accounting software<\/td>\n<td data-sourcepos=\"13:60-13:81\">Seamless with popular accounting software.\u00a0 Mercury&#8217;s online experience is top-notch and always improving.<\/td>\n<td data-sourcepos=\"13:90-13:111\">Seamless with popular accounting software<\/td>\n<\/tr>\n<tr data-sourcepos=\"14:1-14:71\">\n<td data-sourcepos=\"14:1-14:6\">Fees<\/td>\n<td data-sourcepos=\"14:8-14:24\">No monthly fees<\/td>\n<td data-sourcepos=\"14:26-14:42\">No monthly fees.\u00a0 Free wires are a unique feature.<\/td>\n<td data-sourcepos=\"14:62-14:69\">Varies<\/td>\n<\/tr>\n<tr data-sourcepos=\"15:1-15:242\">\n<td data-sourcepos=\"15:1-15:21\">Bookkeeper-friendly features<\/td>\n<td data-sourcepos=\"15:23-15:90\">Individual logins for your bookkeeper and accountant<\/td>\n<td data-sourcepos=\"15:92-15:139\">Individual logins for your bookkeeper and accountant; receipt capture included for free<\/td>\n<td data-sourcepos=\"15:187-15:240\">Mobile banking, real-time transaction tracking, ATMs<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown markdown-main-panel\" dir=\"ltr\">\n<ul data-sourcepos=\"50:1-55:0\">\n<li data-sourcepos=\"51:1-51:99\">Relay: <a class=\"traceable-link\" href=\"https:\/\/relayfi.com\/product\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/relayfi.com\/<\/a><\/li>\n<li data-sourcepos=\"52:1-52:101\">Mercury: <a class=\"traceable-link\" href=\"https:\/\/mercury.com\/r\/wellness-fi\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/mercury.com\/<\/a><\/li>\n<li data-sourcepos=\"54:1-55:0\">Chase Bank: <a class=\"traceable-link\" href=\"https:\/\/www.chase.com\/business\/banking\/checking\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.chase.com\/<\/a><\/li>\n<\/ul>\n<\/div>\n<p>Full disclosure: Your team and ours split a small referral bonus when you use the Mercury link above.\u00a0 Just know: we only recommend banks we really enjoy working with.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A new wave of bank accounts caters specifically to businesses like yours, making it easier than ever to stay organized and efficient. If you&#8217;re like I was for many years, you may be using the first business bank account you saw in an advertisement, or the bank you&#8217;ve used for personal banking. As our businesses [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":7418,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_import_markdown_pro_load_document_selector":0,"_import_markdown_pro_submit_text_textarea":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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});\";s:18:\"current_block_list\";a:13:{i:0;s:11:\"core\/search\";i:1;s:10:\"core\/group\";i:2;s:12:\"core\/heading\";i:3;s:17:\"core\/latest-posts\";i:4;s:20:\"core\/latest-comments\";i:5;s:13:\"core\/archives\";i:6;s:15:\"core\/categories\";i:7;s:21:\"uagb\/advanced-heading\";i:8;s:13:\"uagb\/info-box\";i:9;s:14:\"uagb\/container\";i:10;s:14:\"core\/paragraph\";i:12;s:12:\"uagb\/buttons\";i:13;s:18:\"uagb\/buttons-child\";}s:8:\"uag_flag\";b:1;s:11:\"uag_version\";s:10:\"1792599921\";s:6:\"gfonts\";a:0:{}s:10:\"gfonts_url\";s:0:\"\";s:12:\"gfonts_files\";a:0:{}s:14:\"uag_faq_layout\";b:0;}"]},"uagb_featured_image_src":{"full":["https:\/\/wellnessfi.com\/staging3\/wp-content\/uploads\/2023\/12\/payments2.png",1536,1024,false],"thumbnail":["https:\/\/wellnessfi.com\/staging3\/wp-content\/uploads\/2023\/12\/payments2.png",150,100,false],"medium":["https:\/\/wellnessfi.com\/staging3\/wp-content\/uploads\/2023\/12\/payments2-300x200.png",300,200,true],"medium_large":["https:\/\/wellnessfi.com\/staging3\/wp-content\/uploads\/2023\/12\/payments2.png",768,512,false],"large":["https:\/\/wellnessfi.com\/staging3\/wp-content\/uploads\/2023\/12\/payments2.png",1024,683,false],"1536x1536":["https:\/\/wellnessfi.com\/staging3\/wp-content\/uploads\/2023\/12\/payments2.png",1536,1024,false],"2048x2048":["https:\/\/wellnessfi.com\/staging3\/wp-content\/uploads\/2023\/12\/payments2.png",1536,1024,false]},"uagb_author_info":{"display_name":"Mark Schwarz","author_link":"https:\/\/wellnessfi.com\/staging3\/author\/markschwarz\/"},"uagb_comment_info":0,"uagb_excerpt":"A new wave of bank accounts caters specifically to businesses like yours, making it easier than ever to stay organized and efficient. If you&#8217;re like I was for many years, you may be using the first business bank account you saw in an advertisement, or the bank you&#8217;ve used for personal banking. As our businesses&hellip;","_links":{"self":[{"href":"https:\/\/wellnessfi.com\/staging3\/wp-json\/wp\/v2\/posts\/6772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wellnessfi.com\/staging3\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wellnessfi.com\/staging3\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wellnessfi.com\/staging3\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/wellnessfi.com\/staging3\/wp-json\/wp\/v2\/comments?post=6772"}],"version-history":[{"count":5,"href":"https:\/\/wellnessfi.com\/staging3\/wp-json\/wp\/v2\/posts\/6772\/revisions"}],"predecessor-version":[{"id":7419,"href":"https:\/\/wellnessfi.com\/staging3\/wp-json\/wp\/v2\/posts\/6772\/revisions\/7419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wellnessfi.com\/staging3\/wp-json\/wp\/v2\/media\/7418"}],"wp:attachment":[{"href":"https:\/\/wellnessfi.com\/staging3\/wp-json\/wp\/v2\/media?parent=6772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wellnessfi.com\/staging3\/wp-json\/wp\/v2\/categories?post=6772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wellnessfi.com\/staging3\/wp-json\/wp\/v2\/tags?post=6772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}