Does Chime Offer Business Accounts?

You can’t get a business bank account from Chime, but these other online options may offer similar features.
Marianne Hayes
By Marianne Hayes 
Updated
Edited by Ryan Lane

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Chime is a financial technology company that specializes in personal spending and savings accounts. It doesn't offer business accounts, and Chime's deposit agreement says it may close accounts being used for business purposes.

If you were interested in a Chime business account for benefits like good interest rates and low fees, a number of other online companies offer similar features. Consider the alternatives below, or view all our picks for best business checking accounts.

FEATURED

 
Bluevine Business Checking
Bluevine

Bluevine Business Checking

NerdWallet Rating 
4.7
APY 

2.00%

Chime business bank account alternatives

The right bank account for you will come down to your unique business needs and budget. But if you want to open an online business checking account, the following options may be a good fit instead of Chime.

NBKC business checking

Best for: Low-fee business banking
nbkc Business Account
NerdWallet rating 
Learn More

at nbkc bank, Member FDIC

Chime accounts have no monthly fees or overdraft charges. For a similar low-cost option, NBKC offers a free business checking account with no minimum deposit plus budget-conscious perks like unlimited fee-free transactions and no fees for insufficient funds.

One major exception? NBKC charges a high fee ($45) to send or receive international wires; domestic wires cost $5 apiece. If your business relies on such services, a different provider may be a better choice. Mercury business banking, for instance, includes free wires while also not charging a monthly fee.

Bluevine Business Checking

Best for: Earning interest
Bluevine Business Checking
NerdWallet rating 
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at Bluevine, Deposits are FDIC Insured

NBKC's account doesn't earn interest. If you’d prefer a high-yield business checking account, consider Bluevine. Account holders earn a solid APY: Earn 2.00% interest on account balances up to and including $250,000. Terms apply. That rate actually matches the 2.00% Chime offers on its savings accounts, as of this writing.

Bluevine also keeps business checking costs low, with no monthly fees or nonsufficient funds fees. You can also deposit cash at over 90,000 physical locations via a partnership with the third-party service Green Dot. Unlike Chime, those transactions will always come with a fee (up to $4.95). But Bluevine also partners with the Allpoint+ network for potentially cheaper cash deposits — $1 + 0.5% of the deposit amount — though there are far fewer locations (1,500+).

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Bluevine Business Checking

Bluevine Business Checking

Deposits are FDIC Insured

NerdWallet rating 

4.5

/5
NerdWallet rating 

4.5

/5
NerdWallet rating 

4.7

/5

Monthly fee 

$16.00

Monthly fee 

$0

Monthly fee 

$0

APY 

N/A

APY 

2.25%

With $0 min. balance for APY

APY 

2.00%

With $0 min. balance for APY

Bonus 

$200

See offer page for more details

Bonus 

N/A

Bonus 

N/A

Learn More

at Bank of America, N.A., Member FDIC

Learn More

at Grasshopper Bank, Member FDIC

Learn More

at Bluevine, Deposits are FDIC Insured

LendingClub Tailored Checking

Best for: ATM access
LendingClub Tailored Checking
NerdWallet rating 
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at LendingClub Bank, Member FDIC

For a Chime business bank account alternative with free cash deposits, consider LendingClub Tailored Checking. LendingClub Bank participates in the MoneyPass ATM network, which has more than 37,000 ATMs nationwide, and account holders can deposit cash at those locations without incurring fees.

If you venture out of network to take out cash, LendingClub offers unlimited ATM surcharge rebates for any third-party fees you incur. This account does charge a $10 monthly fee, though this can be waived if your account balance is $500 or more. Opening an account requires a $100 minimum deposit.

Lili Business Banking

Best for: Early access to payments

Chime's checking account lets you get your paychecks up to two days early by using direct deposit. If you want similar early access to your business income, consider Lili. Its entry-level account also provides your payments up to two days earlier if they're sent via ACH transfer.

That account is free and, like Lending Club business checking, also taps into the MoneyPass network to offer fee-free ATM access. Lili has multiple paid tiers as well. Its Lili Pro plan (which costs $9 per month) matches a different Chime benefit — its SpotMe service — by allowing you to overdraft by up to $200 without facing fees.

Capital One Business Basic Checking

Best for: Brick-and-mortar + online access
Capital One Business Basic Checking®
NerdWallet rating 

While Chime customers may be comfortable banking online, Capital One Business Basic Checking combines features more common with online-only operations — like unlimited transactions — with a traditional brick-and-mortar presence.

Capital One Business Basic Checking supports cash deposits and offers no-fee ATM access. However, it's available in only eight states and Washington, D.C., and you’ll need to visit a branch to sign up. Accounts also require a $250 minimum opening deposit and charge a $15 monthly fee, which can be waived if a balance of at least $2,000 is maintained.

Best Banks for Small Business
ProductMonthly feeAPYMin. opening depositLearn more
Axos Bank® Basic Business Checking

Basic Business Checking

NerdWallet Rating 
5.0
Learn more

at Axos Bank®

$0 N/A$0
Learn more

at Axos Bank®

Grasshopper Business Checking Account

Grasshopper Business Checking Account

NerdWallet Rating 
4.5
Learn more

at Grasshopper Bank

$0 2.25% 

With $0 min. balance for APY

$100
Learn more

at Grasshopper Bank

Chase Business Complete Banking®

Chase Business Complete Banking®

NerdWallet Rating 
4.5
Learn more

at Chase

$15.00 

Waived with $2,000 minimum balance

N/A$0
Learn more

at Chase