Use this cheatsheet to maximize your deductions and save money on taxes for your therapy practice.
Manage your practice's money all in one place with banking that syncs every dollar to your bookkeeping and taxes.
Banking that fits the way you actually run your practice.
Banking, bookkeeping, and taxes under one login. Every transaction syncs into your books and tax workflow automatically. No more exports, second tools, or spreadsheets.
Open a checking or savings account with no minimums or hidden fees, and earn interest on every dollar. Get physical and virtual debit cards with spend controls and instant lock.
Multiple accounts for taxes, owner draws, and savings keep your money where it needs to be. Every supervision payment, CE credit, and EHR subscription gets sorted into therapist-friendly tax categories automatically so you have clean books year-round and never miss a deduction again.
A complete business account designed for therapists — with none of the fees, minimums, or busywork of a traditional bank.
| Feature | Heard Banking | Fintech banks | Traditional banks |
|---|---|---|---|
| Monthly fee | $0 | $0 | Up to $20/mo |
| Minimum balance | $0 | $0 | Up to $5,000 |
| Overdraft fees | $0 | $0 | Up to $35 |
| Interest-bearing account | 1.00–2.50% APY (tiered) | Varies 1–4% (may require separate products) | Typically 0.01% |
| FDIC insurance coverage | Up to $3M | Up to $250,000 | Up to $250,000 |
| Onboarding time | ~10 min | ~15 min | |
| Auto-categorized (therapist categories) | Generic only | ||
| Integrated bookkeeping & taxes | |||
| Card spend controls | |||
| Fee-free ATM network | |||
| Digital check deposit | |||
| Free ACH transfers |
*Heard Banking is a financial technology, not a bank. Banking services provided by i3 Bank, Member FDIC. Banking technology powered by Unit Finance, Inc. The Heard Visa Debit Card is issued by i3 Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. Deposits may be eligible for up to $3 million of FDIC insurance through a network of participating banks. Each participating bank is FDIC insured up to $250,000 per depositor, per bank. Accounts are eligible for pass-through deposit insurance only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied.
**Annual Percentage Yield (APY) is variable and subject to change after account opening. Rate is compounded monthly and credited monthly.
***No account or domestic transaction fees. Some foreign transaction fees may apply in limited circumstances.