Business Banking for Moving Companies in Minnesota
Free business checking with 1.75% APY, built-in accounting, and unlimited sub-accounts for moving companies in Minnesota.
Starting a Moving Business in Minnesota
Licensing
Minnesota Department of TransportationState Tax Rate
5.35%–9.85% (graduated)
LLC Filing Fee
$155 (LLC)
Major Markets
Minneapolis, St. Paul, Rochester, Duluth
Key Requirements in Minnesota
Best Banks for Moving Companies in Minnesota
Compare Minnesota's top business banking options for moving companies.
Holdings
$0/mo · 1.75% APYFree business checking with built-in AI accounting, unlimited sub-accounts, and FDIC insurance up to $3M. Available nationwide including Minnesota.
Key Features
- •Free business checking
- •Built-in AI bookkeeping
- •Unlimited sub-accounts
- •1.75% APY on all balances
Pros
- ✓No fees, no minimums
- ✓Accounting included free
- ✓FDIC insured up to $3M
Cons
- ✗No physical branches
- ✗No cash deposit
Bremer Bank
Regional bankBest for: moving companies wanting an established Minnesota bank
Pros
Upper Midwest focus, strong ag and commercial lending
Cons
Moderate fee structure
Bridgewater Bank
Community bankBest for: moving companies in the Twin Cities
Pros
Twin Cities focused, business-first banking
Cons
Limited to Minneapolis/St. Paul metro
Alerus Financial
Regional bankBest for: moving companies in northern Minnesota
Pros
Minnesota/North Dakota, strong business services
Cons
Smaller branch presence
Why Moving Companies in Minnesota Choose Holdings
Free Business Checking
No monthly fees, no minimums, no hidden costs. Every dollar stays in your business.
Built-In AI Bookkeeping
Automatic transaction categorization, real-time P&L and balance sheet. No QuickBooks needed.
1.75% APY on Every Dollar
Your operating funds earn interest while they sit. No tiered rates, no caps.
Unlimited Sub-Accounts
Organize funds by job, project, or purpose. Track payroll, taxes, and expenses separately.
Moving Companies Banking in Minnesota — FAQ
Do I need a license to start a moving company in Minnesota?
Yes — Minnesota requires moving companies to register with the state (often through the public utilities commission or transportation department) and obtain proper insurance. For interstate moves, you'll also need a USDOT number. Register your LLC ($155) as a first step.
What insurance do moving companies need in Minnesota?
Moving companies in Minnesota need general liability insurance, cargo/goods-in-transit insurance, commercial auto insurance for trucks, and workers' compensation. Customers' belongings are your responsibility during the move — adequate insurance coverage is critical.
Do moving companies in Minnesota need a separate bank account?
Absolutely — moving companies deal with deposits, final payments, fuel costs, truck maintenance, and seasonal labor. A dedicated business account with AI bookkeeping tracks revenue per job and helps manage the seasonal cash flow swings common in the moving industry.
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Ready to open your account?
Holdings offers free banking with 1.75% APY for moving companies in Minnesota. Open your account in minutes.
Moving Companies in Other States
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