Self-employed
Best business bank accounts for 1099 contractors in 2026
A separate business bank account is the #1 thing 1099 contractors should set up first. Here are the best options for solo contractors in 2026.
By MileTracker · March 6, 2026 · 8 min read
If you're 1099 and you don't have a separate business bank account, set one up this week. It's the foundation everything else (mileage, books, taxes) sits on.
What to look for
- No monthly fees for low balances
- Easy 1099/Square/Stripe integration
- Mobile check deposit
- Sub-accounts or 'pots' for tax savings
Pair it with a mileage tracker
Once your money flow is clean, automatic mileage tracking is the next biggest win. Mileage stays in MileTracker, dollars stay in your business account, and your taxes practically write themselves.
MileTracker detects every drive in the background, lets you classify business or personal in one tap, and exports an IRS-ready PDF and CSV at tax time. Download MileTracker free on the App Store.