Business Banking for Moving Companies in Utah
Free business checking with 1.75% APY, built-in accounting, and unlimited sub-accounts for moving companies in Utah.
Starting a Moving Business in Utah
Licensing
Utah Department of TransportationState Tax Rate
4.55% (flat rate)
LLC Filing Fee
$59 (LLC)
Major Markets
Salt Lake City, West Valley City, Provo, West Jordan
Key Requirements in Utah
Best Banks for Moving Companies in Utah
Compare Utah'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 Utah.
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
Zions Bank
Regional bankBest for: moving companies wanting Utah's leading business bank
Pros
Utah-headquartered, strong business and commercial banking
Cons
Monthly fees on basic accounts
Mountain America Credit Union
Credit unionBest for: moving companies looking for low-rate business loans
Pros
Utah's largest CU, competitive business loan rates
Cons
Membership requirements
Bank of Utah
Community bankBest for: moving companies in the Ogden/Salt Lake corridor
Pros
Utah-focused, personal business banking
Cons
Primarily northern Utah
Why Moving Companies in Utah 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 Utah — FAQ
Do I need a license to start a moving company in Utah?
Yes — Utah 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 ($59) as a first step.
What insurance do moving companies need in Utah?
Moving companies in Utah 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 Utah 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 Utah. Open your account in minutes.
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