Best Business Money Market Accounts
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American Express® Business Checking
American Express® Business Checking
With $0 min. balance for APY
Requirements to qualify
at American Express National Bank, Member FDIC
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- 24/7 customer support.
- No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
- Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
No cash deposits.
Chase Business Complete Banking®
Chase Business Complete Banking®
Waived with $2,000 minimum balance
Requirements to qualify
at Chase, Member FDIC
Pros
- No minimum opening deposit.
- Unlimited fee-free electronic and debit card transactions.
- Integrated credit card processing.
- No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
- No fees at 14,000 Chase ATMs and access to around 5,000 branches.
- Receive and send payments via Zelle.
Cons
- $15 monthly fee.
- Monthly limit on physical transactions (20).
- Fee for using out-of-network ATMs.
Up to $5,000 per month.
Bluevine Business Checking
Bluevine Business Checking
With $0 min. balance for APY
Requirements to qualify
at Bluevine, Deposits are FDIC Insured
Pros
- No required monthly fee, minimum opening deposit, excess transaction or overdraft fees.
- Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
- Access up to $3 million in FDIC insurance with Insured Cash Sweep.
- No fees at MoneyPass ATMs.
- Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance.
Cons
- No fee-free cash deposits.
- Fee for using out-of-network ATMs.
- Does not offer jointly-owned accounts.
Fees vary by location.
U.S. Bank Business Essentials
U.S. Bank Business Essentials
Requirements to qualify Best free account
at U.S. Bank, Member FDIC
Pros
- No monthly service fee.
- Welcome bonus for new customers (terms apply).
- Unlimited fee-free electronic and debit card transactions.
- Receive and send payments via Zelle.
- Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.
Cons
- $100 minimum opening deposit.
- Fee for using out-of-network ATMs.
- High overdraft, wire transfer fees.
- $1 fee for outgoing domestic ACH transfers.
Up to 250 free cash deposit units per statement cycle.
Relay Business Checking
Relay Business Checking
at Relay, Deposits are FDIC Insured
Pros
- No required monthly fee, minimum opening deposit, excess transaction or overdraft fees.
- No foreign transaction fees when you use your Relay Visa® Debit abroad.
- Free incoming wires and low outgoing wire transfer fees.
- Up to 50 debit cards.
Cons
- No bill pay feature in the free plan.
- Thread Bank, Relay’s banking partner, is currently under an FDIC consent order.
Unlimited
Grasshopper Innovator Business Checking Account
Grasshopper Innovator Business Checking Account
With $25,000 min. balance for APY
Cash back on debit
at Grasshopper Bank, Member FDIC
Pros
- Unlimited 1% cash back on qualified debit card purchases.
- Earn up to 1.35% APY.
- No monthly fees, transaction fees or overdraft charges.
- Free, built-in bookkeeping and invoicing software.
- Low fees on wire transfers.
- All account holders are assigned to a dedicated banker or customer support representative.
Cons
- $100 minimum opening deposit.
No cash deposits.
Axos Bank® Basic Business Checking
Axos Bank® Basic Business Checking
Requirements to qualify Unlimited transactions
at Axos Bank®, Member FDIC
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- Cash deposits at compatible ATMs.
- Automatic refunds of all ATM fees (domestic).
- Welcome bonus for new customers (terms apply).
Cons
- $25 fee for insufficient funds/uncollected funds returned.
- No third-party app integrations.
Unlimited
Brex Business Account
Brex Business Account
at Brex, Deposits are FDIC Insured
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- Ability to put cash in a money market fund to earn yield.
- Includes rewards-earning Brex corporate credit card.
- Free domestic and international wire transfers.
Cons
- Can't deposit or withdraw cash.
- Only available to venture-backed startups and mid-market companies.
- Not available to sole proprietors or other unincorporated businesses.
Mercury Business Account
Mercury Business Account
Requirements to qualify
at Mercury, Deposits are FDIC Insured
Pros
- Free domestic and international U.S. dollar wire transfers.
- Unlimited refunds on all domestic ATM fees.
- No monthly fee, minimum opening deposit, excess transaction fee on U.S. dollar transactions or overdraft fees.
- Users can apply for the rewards-earning Mercury IO Card, a corporate credit card with numerous expense control tools.
Cons
- Can’t deposit cash.
- Choice Financial Group, one of Mercury’s banking partners, is currently under a federal consent order.
No cash deposits.
Bank of America® Business Advantage Fundamentals™ Banking
Bank of America® Business Advantage Fundamentals™ Banking
$0 for the first 12 statement cycles.
Requirements to qualify
at Bank of America, N.A., Member FDIC
Pros
- No monthly fee for the first 12 statement cycles.
- Welcome offer for new accountholders.
- Loyalty perks via Preferred Rewards for Business program.
- Relatively low overdraft fees ($10 per item, limited to two per day)
- Bill pay includes invoicing for new users.
Cons
- $100 minimum opening deposit.
- Fee for using out-of-network ATMs.
- $16 monthly fee after introductory period ends.
Up to $5,000 per statement cycle.
Found Small Business Banking
Found Small Business Banking
Terms Apply¹
None Required*
Bonus Terms Apply²
at Lead Bank, Deposits are FDIC Insured
Pros
- No required monthly fee*, minimum opening deposit, excess transaction or overdraft fees.
- Built-in invoicing, bookkeeping and tax-planning features.
- Built-in payroll features for contractors.
- Can manage up to 5 businesses from a single login.
Cons
- No weekend or after-hours phone support.
- Subscription required to earn interest.
$1.75 fee per deposit
nbkc Business Account
nbkc Business Account
at nbkc bank, Member FDIC
Pros
- No monthly fee, minimum opening deposit, excess transaction or overdraft fees.
- 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.
- Unlimited debit cards.
Cons
- Must pay a fee to use built-in software features via Autobooks.
Unlimited
Rho Business Checking
Rho Business Checking
Requirements to qualify
at Rho, Deposits are FDIC Insured
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- Free same-day ACH transfers.
- Users can apply for the rewards-earning Rho Card, a corporate credit card with numerous expense control tools.
Cons
- No cash deposits or ATM access.
- Not available to sole proprietors.
North One Standard Business Checking
North One Standard Business Checking
With $0 min. balance for APY
Pros
- No monthly fees or excess transaction fees.
- Same-day deposits from Amazon, Cash App, Square, Stripe and Venmo. Direct payments supported from a variety of other business platforms, including Etsy, Lyft, Shopify and Airbnb.
- Sub-accounts that you can use to save for specific goals.
- Earn 2.5% APY on balances up to $250,000. Terms apply.
Cons
- No fee-free cash deposits.
- Can’t send or receive international wires.
- Not available to nonprofit organizations.
- No spend controls on employee debit cards.
NorthOne does not accept cash deposits
TD Business Simple Checking℠
TD Business Simple Checking℠
Requirements to qualify
Pros
- Some branches are open late and on weekends, including Sundays.
- No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
- No fees at 2,600 TD Bank ATMs and access to 1,100 branches.
- Receive and send payments via Zelle.
Cons
- No free business checking account option.
- Accounts only available in 15 states and the District of Columbia.
Up to $5,000 per month.
Lili Core Business Checking
Lili Core Business Checking
at Lili, Deposits are FDIC Insured
Pros
- No monthly fees, transaction fees or incoming wire fees.
- No fees at MoneyPass ATMs.
- Cash deposits via Green Dot network (fees and limits apply).
- Early payment feature allows you to receive funds up to two days sooner than with a traditional bank account.
- Direct integrations with Square, Shopify, Etsy and eBay.
Cons
- Fee for using out-of-network ATMs.
- No fee-free cash deposits.
- Bill pay not included; must upgrade to Lili Smart or higher.
- No spend controls on employee debit cards.
Fee of up to $4.95 per cash deposit.
Novo Business Checking
Novo Business Checking
at Novo, Deposits are FDIC Insured
Pros
- No monthly fee, minimum opening deposit, excess transaction or overdraft fees.
- $7 per month in ATM fee refunds.
- Direct integrations with Etsy, eBay, Amazon and WooCommerce.
- Built-in invoicing and automatic P&L generation.
Cons
- Can’t deposit cash.
- Not all customers can send domestic wire transfers.
- No customer support by phone unless you're reporting fraud.
- No bill pay feature.
- Does not offer jointly owned accounts.
- No spend controls on employee debit cards.
No cash deposits.
QuickBooks Money
QuickBooks Money
With $0 min. balance for APY
Pros
- Account holders can set money aside for specific purposes and earn 3% APY on it.
- Built-in invoicing.
- Built-in payment processing, which means same-day availability for some funds.
Cons
- Only four free ATM withdrawals per month; $3 per withdrawal after that.
- Does not offer jointly owned accounts.
- Only one debit card per account.
Fees of up to $5.95 may be collected by retailers when depositing cash to your account at their locations.
Huntington Business Checking 100
Huntington Business Checking 100
Requirements to qualify
Pros
- No monthly service fee for Business Checking 100 account.
- No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
- Welcome bonus for new customers (terms apply).
- No fees at 1,600 Huntington ATMs and access to 1,000 branches.
- Receive and send payments via Zelle.
Cons
- Fee for using out-of-network ATMs.
- Accounts only available in 11 states.
- Limit of $2,500 in free cash deposits per month.
Up to $2,500 per month.
Navy Federal Credit Union Business Checking
Navy Federal Credit Union Business Checking
With $0 min. balance for APY
Pros
- No monthly fee and unlimited fee-free electronic transactions.
- No dollar limit on cash deposits (other limits may apply).
- 24/7 member service.
- No fees to deposit cash at Navy Federal or Co-Op Network ATMs.
Cons
- High opening deposit (up to $255).
- $29 fee for overdrafts, insufficient funds.
- Eligibility limited to veterans, military members, Department of Defense employees and their families.
- Does not offer jointly owned accounts.
- No spend controls on employee debit cards.
Unlimited
PNC Business Checking
PNC Business Checking
Waived with $500 average monthly balance
Requirements to qualify
Pros
- Monthly fees waived for the first three months after account opening.
- Welcome bonus for new customers.
- No fees at 60,000 PNC ATMs, plus 2,600 branch locations.
- Earn cash back at select merchants with PNC Purchase Payback.
- Receive and send payments via Zelle.
- Account holders are assigned to a dedicated banker or customer support representative.
Cons
- No free business checking account options.
- Limit of 150 fee-free transactions per month.
- Very high wire transfer fees.
Up to $5,000 per month.
Citizens Bank Clearly Better Business Checking®
Citizens Bank Clearly Better Business Checking®
$2.50 per $1,000 coin and currency deposited
First Internet Bank Do More Business™ Checking
First Internet Bank Do More Business™ Checking
With $10,000 min. balance for APY
at First Internet Bank, Member FDIC
Pros
- No monthly fee, minimum opening deposit, excess transaction or overdraft fees.
- Up to $10 in monthly refunds for ATM fees charged by other banks.
- APY of 0.50% with an average daily balance of $10,000 or more.
- Receive and send payments via Zelle.
Cons
- No cash deposits.
- $15 fee for incoming wires.
Capital One Business Basic Checking®
Capital One Business Basic Checking®
Waived with $2,000 minimum balance
Requirements to qualify
at Capital One, Member FDIC
Pros
- Unlimited fee-free digital transactions, including mobile deposits, ACH transfers and some bill pay.
- Full suite of business services, including business credit cards and loans.
- No fees at nearly 80,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
- No fee on cash deposits at Capital One and select Allpoint ATMs.
Cons
- No free business checking account options.
- Potential for up to 4 overdraft fees per day.
$5,000 included monthly at no charge; $1 for every $1,000 deposited after that
Truist Simple Business Checking
Truist Simple Business Checking
Pros
- Free business checking available, including an option for nonprofits.
- Large branch network.
- Receive and send payments via Zelle.
Cons
- Restrictive transaction limit on Simple Business Checking.
- Fee for using out-of-network ATMs.
- Multiple extra fees, including for ACH service and QuickBooks integration.
Live Oak Bank Business Savings
Live Oak Bank Business Savings
With $0.01 min. balance for APY
at Live Oak Bank, Member FDIC
Pros
- High APY.
- Earn interest on balances of $0.01 and higher.
- No monthly maintenance fee or minimum deposit.
Cons
- No ATM or debit card access for Business Savings account.
- No weekend customer support.
No cash deposits
CitiBusiness® Streamlined Checking
CitiBusiness® Streamlined Checking
Waived with $5,000 minimum balance
Pros
- No fees at 60,000 Citibank and MoneyPass ATMs and access to more than 600 branches.
- Up to $10,000 per month in free cash deposits.
- Sign-up bonuses start at $300 when you deposit $5,000 and can reach $2,000 when you deposit $200,000.
- Receive and send payments via Zelle.
- Account holders are assigned to a dedicated banker or customer support representative.
Cons
- Must visit a branch to open an account.
- Business accounts are only available in 10 states plus Washington, D.C.
- No spend controls on employee debit cards.
$10,000 in cash deposits included monthly
BMO Simple Business Checking
BMO Simple Business Checking
Waived with $100 minimum balance
Requirements to qualify
Pros
- Large sign-up bonus.
- No fees at BMO Harris or 50,000 Allpoint ATMs and access to 1,000 branch locations.
- No overdraft fees if account is overdrawn by $50 or less.
- Receive and send payments via Zelle.
- Account holders are assigned a dedicated relationship banker or account manager.
Cons
- No free checking account option (though the minimum balance required to waive the monthly fee is lower than most other banks).
- Limit of $2,000 in free cash deposit per statement period.
- Limit of 100 fee-free transactions per month.
Up to $2,000 per statement period.
Regions LifeGreen Business Checking
Regions LifeGreen Business Checking
Waived with $2,500 minimum balance
$5,000 processed at no charge each calendar month; then $0.25 per $100 for additional cash deposits
Wells Fargo Initiate Business Checking℠ Account
Wells Fargo Initiate Business Checking℠ Account
Waived with $500 minimum balance
Pros
- Phone customer support available until 11 p.m. ET on weekdays and on Saturdays and Sundays.
- No fees at Wells Fargo ATMs and access to around 4,900 branch locations.
- Receive and send payments via Zelle.
Cons
- No free business checking account option.
- Limit of 100 fee-free transactions per month.
Up to $5,000.
Santander Bank Basic Business Checking
Santander Bank Basic Business Checking
3.0
Waived with $1,500 minimum balance
No fee up to $7,500, then $0.27 per $100 deposited
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