A Business Account is a specialized bank account designed for companies and organizations. It allows businesses to manage their finances separately from personal accounts, facilitating easier tracking of income and expenses. Business accounts often come with features tailored to business needs, such as higher transaction limits and access to business loans. These accounts typically require documentation, such as a business license and Employer Identification Number (EIN), to verify the legitimacy of the business. Many banks offer additional services, including merchant services for processing payments and online banking for convenient account management.