Is a business check the same as a personal check?Īside from some face-value similarities, such as the way the checks look, several aspects differentiate business checks from personal checks. They are meant to be issued by the account holder(s), who can also order checks. Personal checks are primarily used to pay individual or household expenses, such as groceries or rent for one’s residence. Unlike business checks, personal checks are tied to your personal bank account and use your personal funds, generally in a personal checking account. What is a business check?Ī business check draws from a business’s assets via a business bank account and may have enhanced security features compared to personal checks.īusiness owners - including sole proprietors, partnerships and corporations alike – can use business checks to pay for a multitude of business expenses, such as payroll, tax payments and operating expenses.Īlthough there is a big difference between personal and business checks, they look physically similar and include the same fields, such as check number, routing and account number, date, payee, amount of the check, memo and signature.īusiness owners (or accountants who manage business bank accounts) can order checks. It’s important to keep business and personal expenses separate, for ease of bookkeeping, budgeting and tax preparation. The differences between these two types of bank checks are important to understand, especially for small business owners.īusiness checks are associated with business checking accounts and are exclusively used for business purposes, whereas personal checks are associated with personal checking accounts and are used for more general household purposes. You generally do not want to use personal checks to pay for business expenses and vice versa.ĭespite their similarities, business and personal checks have specific uses and features. For best practice, as well as for ease of bookkeeping, budgeting and tax preparation, keep business and personal expenses separate.Business checks often come with more advanced security features and have larger deposit limits compared to personal checks.

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