Just get a no-fee business checking account at a convenient bank with a debit card, once you are making or spending a lot of money you can shop around for something that suits you better. I use Fifth Third.
When I was a student, I had a big problems with Fifth Third. Really stupid stuff like "unresolvable computer errors." I had to close an account and re-open it to solve the problem.
Needless to say, I didn't keep that new account open for long.
5/3 for the fail.