What account should a new company open?

A new company should consider opening a business checking account to manage its financial transactions. This account will allow the company to deposit and withdraw funds, make payments to vendors and employees, and monitor its cash flow. Additionally, the company may also want to consider opening a business savings account to set aside funds for future expenses or investments. It is important for a new company to establish a strong banking relationship in order to access financial services such as loans, credit lines, and merchant services. By opening these accounts, the company can effectively manage its finances and lay a solid foundation for its financial operations.