Does Ally Offer Business Checking?

Ally only offers personal bank accounts. But these online business accounts deliver similar benefits plus business-friendly tools.

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Updated Feb 6, 2026 1:50 p.m. PST · 1 min read

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Want to open a business bank account with Ally? Unfortunately, you’re out of luck. Ally Bank does not offer business checking accounts. Using its personal accounts for business purposes is also prohibited.

The good news: A number of online business checking accounts deliver similar low-fee, high-yield banking. These accounts also have business-specific tools like invoicing and accounts receivable. You won't get that with a personal account at Ally.

Looking for a business checking account?

See our overall favorites, or choose your business type to find the best options for you.

Ally business checking alternatives

Bluevine Business Checking

Best for: Earning interest

Bluevine Bluevine Business Checking

5.0

NerdWallet rating

APY

1.30%

Read Review

Apply Now

at Bluevine, Deposits are FDIC Insured

Bluevine Business Checking’s main draw is its high interest rate: Earn 1.30% interest on account balances up to and including $250,000. Terms apply.

But this online business bank account sweetens the pot with built-in invoicing and payment links. Bluevine Standard has no monthly fees, no minimum opening deposit and no incoming wire fees.

Pros & cons

Pros

No required monthly fees or minimum opening deposit.

Unlimited fee-free transactions; no overdraft fees.

Earn interest on account balances up to and including $250,000. Terms apply.

Access up to $3 million in FDIC insurance with Insured Cash Sweep.

Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance.

Cons

Cash deposits limited to $500 per deposit, $2,000 per day. Service fee of up to $4.95 per deposit.

Fee for using out-of-network ATMs.

Does not offer jointly-owned accounts.

Grasshopper Business Checking

Best for: Cash back

Grasshopper Bank Grasshopper Innovator Business Checking Account

5.0

NerdWallet rating

APY

1.35%

Read Review

Apply Now

at Grasshopper Bank, Member FDIC

Grasshopper Bank's business checking account pays you two ways: Earn up to 1.35% APY and get unlimited 1% cash back on qualified debit card purchases.

Grasshopper's Innovator Business Checking Account has no monthly fee. Account holders get free, built-in access to Autobooks, as well as business tools like invoicing and cash management. Startup founders can also get help raising capital and navigating growth stages.

Pros & cons

Pros

High-yield business checking.

Unlimited 1% cash back on qualified debit card purchases.

No monthly fees or overdraft charges.

Free, built-in bookkeeping and invoicing software.

All account holders are assigned a dedicated banker or customer support representative.

Cons

Can’t deposit cash.

Requires a minimum opening deposit.

NBKC business checking

Best for: Cash deposits, no ATM fees

nbkc bank nbkc Business Account

4.8

NerdWallet rating

Monthly Fee

Read Review

Apply Now

at nbkc bank, Member FDIC

NBKC’s free business checking account doesn’t earn interest, but it does check a lot of other boxes. You can deposit cash free of charge at compatible ATMs — a rare feature for online banks.

NBKC customers don't pay fees at MoneyPass or Allpoint ATMs. And NBKC will automatically refund up to $12 in third-party ATM fees each month.

Pros & cons

Pros

No monthly fees or minimum opening deposit.

Unlimited fee-free transactions, no overdraft fees and free incoming domestic wires.

Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.

Unlimited cash deposits via MoneyPass and Allpoint ATMs.

Accept contactless payments via the NBKC app (iOS only). Fees apply.

Cons

High fee ($45) for international wire transfers.

Phone support only during business hours.

No third-party app integrations.

Can I use an Ally personal account for my business?

You should not use an Ally personal account for your business. The bank's accountholder agreement prohibits it and warns accounts may be closed if they're used for business purposes.

It's better to open a dedicated business checking account instead. This lets you separate personal and business finances — an important task even for a side job. A dedicated account also makes it easier to balance your books and file taxes.

» MORE: Compare the best free business checking accounts

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