Wix Does Not Offer Business Checking Accounts

Wix is a website builder — it lets you create and host a website for your business. It does not offer banking services, including business checking accounts. If you use Wix to run an online store or service business, you will still need to open a business checking account with an actual bank or credit union.

Wix does integrate with some payment processors and accounting software, which can help you track money that comes in through your website. But those tools are not the same as a business checking account. A checking account is where your business money actually sits, where you write checks, and where you receive deposits from customers.

Key Takeaways

  • Wix is a website builder only and does not provide banking services of any kind.
  • You will need to open a business checking account at a separate bank or credit union to handle your business money.
  • Wix can connect to payment processors like Stripe or Square, which collect customer payments but are not checking accounts.
  • Many banks and credit unions offer business checking accounts online, and you can open one while keeping your Wix website.

What Wix Does Offer for Business Payments

Wix lets you accept payments from customers through your website using built-in payment tools. When a customer buys something or pays for a service through your Wix site, that money goes to a payment processor first — usually Wix Payments, Stripe, or Square. The processor holds the money temporarily, takes a small fee, and then sends the rest to your bank account.

This is different from a checking account. A payment processor is a middleman that handles the transaction. Your actual business checking account is where the money ends up after the processor releases it. You need both: the processor to collect payments through your website, and the checking account to store and manage that money.

Where to Open a Business Checking Account Instead

You can open a business checking account at any bank or credit union that serves businesses in your area. Many banks now let you open an account entirely online without visiting a branch. You will typically need to provide your business name, your Social Security number or Employer Identification Number (EIN), and proof of your business structure (such as articles of incorporation or a DBA registration).

Some banks designed for small businesses, like Square Banking, Stripe Treasury, or Mercury, offer checking accounts specifically built to work with online payment processors. These accounts often connect directly to your payment tools, so money flows from your Wix payments into your checking account more smoothly. Traditional banks like Chase, Bank of America, and Wells Fargo also offer business checking accounts, though they may have higher minimum balances or monthly fees.

Credit unions in your area may also offer business checking accounts, sometimes with lower fees than large national banks. You can search for credit unions near you through the CO-OP Network or Shared Branch locator.

How to Connect Your Wix Site to Your Business Checking Account

Once you have both a Wix website and a business checking account, you connect them through a payment processor. In your Wix dashboard, go to the Payments section and choose which processor you want to use. You will provide your bank account information to the processor — not to Wix directly. The processor then deposits customer payments into that account on a regular schedule, usually daily or weekly.

If you use accounting software like QuickBooks or Xero, you can also connect your business checking account directly to that software. This lets you see all your transactions in one place and makes it easier to track income and expenses. Wix integrates with some accounting tools, so your sales data can flow automatically into your records.

What You Actually Need to Run a Wix Business

To run a business through a Wix website, you need three separate things working together. First is your Wix website itself, which displays your products or services. Second is a payment processor, which collects money from customers. Third is a business checking account, which stores that money and lets you pay your own bills.

Wix handles the first piece. You choose the payment processor (Wix offers its own, but you can also use Stripe, Square, or PayPal). You open the checking account at a bank or credit union. None of these three are the same service, and you cannot replace one with another.

Fees and Costs to Expect

Wix charges a monthly fee for your website, ranging from around $14 to $40 per month depending on which plan you choose. Payment processors charge a percentage of each transaction — typically 2.9% plus 30 cents per transaction, though this varies by processor. Your business checking account may have a monthly maintenance fee, though many banks waive this if you maintain a minimum balance or set up direct deposit.

These are separate charges from three separate companies. Your Wix bill comes from Wix, your payment processor fee comes from the processor, and your bank fee comes from your bank. When you are budgeting for your online business, plan for all three.

Frequently Asked Questions

Can I use Wix Payments without a business checking account?

No. Wix Payments collects money from customers, but it has to send that money somewhere. You must provide a business bank account for the processor to deposit funds into. You cannot leave money sitting in Wix Payments indefinitely.

Does Wix hold my customer payments?

Wix does not hold customer payments. When someone pays through your Wix site, the payment processor receives it and holds it briefly before sending it to your bank account. Wix itself is just the platform where the transaction happens.

What if I do not have an EIN yet?

Many banks let you open a business checking account using your Social Security number instead of an EIN, especially if you are a sole proprietor. However, you will eventually need an EIN if you hire employees or form an LLC or corporation. You can get an EIN for free from the IRS website.

Can I use a personal checking account for my Wix business?

Technically you can, but it is not recommended. A personal account does not give you the legal separation between your personal and business money that protects you if something goes wrong. Most banks also prohibit using personal accounts for business purposes in their terms of service.

Do I need to use Wix Payments, or can I use a different processor?

You can use Stripe, Square, PayPal, or other processors instead of Wix Payments. Wix integrates with all of them. Choose based on which processor offers the fees and features that work best for your business.