Business Banking for Moving Companies in Virginia
Free business checking with 1.75% APY, built-in accounting, and unlimited sub-accounts for moving companies in Virginia.
Starting a Moving Business in Virginia
Licensing
Virginia Department of TransportationState Tax Rate
2%–5.75% (graduated)
LLC Filing Fee
$100 (LLC)
Major Markets
Virginia Beach, Norfolk, Richmond, Arlington, Alexandria
Key Requirements in Virginia
Best Banks for Moving Companies in Virginia
Compare Virginia'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 Virginia.
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
Atlantic Union Bank
Regional bankBest for: moving companies wanting Virginia's leading regional bank
Pros
Virginia-headquartered, strong business banking statewide
Cons
Monthly fees on some accounts
Burke & Herbert Bank
Community bankBest for: moving companies in the DC/Northern Virginia area
Pros
Northern Virginia presence, oldest continuously operating bank in VA
Cons
Limited to Northern VA
National Bank of Blacksburg
Community bankBest for: moving companies in the New River Valley
Pros
Southwest Virginia presence, community-focused
Cons
Very limited geography
Why Moving Companies in Virginia 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 Virginia — FAQ
Do I need a license to start a moving company in Virginia?
Yes — Virginia 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 ($100) as a first step.
What insurance do moving companies need in Virginia?
Moving companies in Virginia 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 Virginia 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 Virginia. Open your account in minutes.
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