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Find a Free Business Checking Account

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You shouldn’t have to pay a fee just to have a small business checking account. While it’s true that many banks and credit unions levy a monthly service charge if you don’t maintain a high enough balance, a good number of institutions don’t — and they don’t have minimum balance requirements either.

You can use this list to get started, or try NerdWallet’s business checking account tool to find the best provider for your business. Keep in mind that even though these institutions offer free business checking, you could still be charged for overdrafts, excess transactions or excess deposits. For more information on what to consider when choosing an account, read our primer on business checking.









District of Columbia





















New Hampshire

New Jersey

New Mexico

New York

North Carolina

North Dakota





Rhode Island

South Carolina

South Dakota







West Virginia



Online banks

Most small companies and entrepreneurs can open business checking accounts online instead of in person. The Small Business Administration offers a guide to finding out whether your business is eligible.

Honorable mentions

These banks will waive the monthly fee if you complete a certain number of transactions during each statement period:

You may also want to consider your other banking relationships. For example, if you have a small-business credit card from a bank like Wells Fargo, you may already be eligible to waive the monthly fee, which could give you a free small-business checking account.

Did we leave your financial institution off this list? Please let us know.

Margarette Burnette is a staff writer at NerdWallet, a personal finance website. Email: Twitter: @margarette. John Gower of NerdWallet contributed to this article.

Updated July 30, 2015.

  • Jocqueline Protho

    This is very helpful.

  • VK

    Does anybody have an account with There seems to be all of 2 reviews on the internet and no other information about it. Any input is appreciated. Thanks.

    • Kent

      I’ve used for a little over a year now. I have an LLC and it was easy to get the account set up. Didn’t have to go to a branch which is good because they are only in Kansas City. The downside is they aren’t recognized when you setup a bank account in many accounting programs (I use That means you have to download the transactions and upload them into your accounting program. That’s a hassle I wish wasn’t there. Other than that, I’ve never had a problem.

  • sjoe

    Yes, they seem like a good bank on paper but ultimately have not yet ironed out all of the kinks in their new venture yet. I would not recommend them at this point. Currently searching for a replacement bank!

    • dlee

      What problems did you encounter with them?

    • Dana

      PNC’s legit. We have branches here in Ohio. Ordinarily I wouldn’t go with a big-name bank but these guys let you apply online and the account’s free for now.

      • Laura R Gullett

        Yea PNC stole National City Bank and hurt Ohioans so I don’t like them.

    • Dana

      Er, scratch that. They let you *start* online but then you still have to go in and interact with them. What’s the fun in that? Geez. :(


        What issue did you have that you had to go in and interact with us? I am not sure you are talking about the right bank because we are only located in Kansas City and 100% of our small business customers deal with us online unless you are here in KC as well. I am sorry you had a bad experience. Please let us know if there is anything we can do. My name is David and i would be happy to assist you. I can be reached at 1-855-856-0233, ext.100. Thank you.

  • jacqueline rogers

    I’m in Chicago has anyone had any experience with Central National Bank – thank you

  • Sai

    WellFargo Bank….Refuses to open a Business Account …due to My BK 13. Mind you I have a clean record not even a parking ticket….Is this LEGAL.

    • Vsmith

      Believe me, we have Wells Fargo and we’re trying to get away. Not worth their BS.

  • Retep

    You should at least mention that Everbank and Capital One 360 are paying you when someone signs up through the links you have up there. Everbank actually has some pretty bad reviews. Still looking.

    • Eric

      At the bottom of the page: Please note that NerdWallet has financial relationships with some of the merchants mentioned here. NerdWallet may be compensated if consumers choose to utilize the links located throughout the content on this site and generate sales for the said merchant.

  • Cyn

    I wanted an online bank, and unfortunately, none of these were a good fit. I have an LLC, so Everbank was out…BofI sent me to voicemail when I called during business hours, which doesn’t make me feel secure with the bank that has my money… has crazy fees for outgoing wire transfers. $20 for domestic, $50 for international. International incoming is $37.50??!! Not worth it.

    I may just have to go back to BOA, PNC, or Chase smh

    • NWjohn

      Sorry to hear that! We’ll keep our eyes out for other options. Let us know if you find a better option we haven’t listed!

    • Constance Quigley

      I use Everbank for my LLC. Not sure why you wouldn’t be able to do the same?

    • Domenick

      Hey Cyn, I’m in a similar situation. I have an LLC, and I’ll be doing some international transactions. What bank did you go with?

      • Cyn

        Hi Domenick,

        I put the LLC in a trust and used Ally.

        I hope this helps =)

        • Domenick

          Ally has great reviews, but they don’t appear to offer business checking. I’m not sure how a trust would work; I’ll have to do some research.

  • Alex

    First Citizens Bank has free accounts I’ve seen it in different states. Bigger Banks forget about their clients/Customer Service because of their Brand. I’ll stick to a solid -relationship based Bank such as First Citizens Bank.

  • Tina

    I just started a small business, however due to some past personal issues I’, being declined for a business checking account, Do you know any banks that may approve me?