Free Business Checking Account

Frequently Asked Questions 

• Do I need a business bank account?

   Yes. If you run a business, you need to keep your business finances separate from your personal finances. Using a personal account for business activity can put your personal assets at risk and make your books harder to manage. 

• Do I have to close my existing business bank accounts and move everything to Lettuce?

   No. You can keep your existing business checking, savings, and credit card if you want to. Your Lettuce account works alongside them. The two main things you need to do are have your business income come into Lettuce and connect your business credit card to Lettuce for expenses. 

• Where does my income go, and does it have to stay in Lettuce?

  Your income is initially collected in your Lettuce account, but it does not have to stay there. Once income lands, a percentage is used to run payroll. The rest stays in your Lettuce operating account and is available to transfer to your existing business checking or savings right away. You can also take an owner distribution at any time. 

• Can I keep using my current business credit card?

   Yes. Just connect it to Lettuce and your expenses will be pulled in automatically from that point forward, so your books stay up to date without extra manual work. 

• Can I keep paying for things from my existing checking account?

  Yes. You’ll just need to reimburse yourself from your Lettuce account for those expenses. You don’t have to do that one transaction at a time — you can reimburse yourself in bulk. 

• Is my Lettuce business account FDIC-insured?

  Yes. Your Lettuce checking account is FDIC insured up to $250,000 through Trans Pecos Bank, or up to $3,000,000 through i3.Bank, depending on your account. 

• How long does setup take?

  Getting started takes about 30 minutes. Your LLC, EIN, and bank account are typically fully set up in as little as 2–3 weeks.