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Account Account	NerdWallet rating NerdWallet rating	Best for Best for	APY APY	Monthly fee Monthly fee	Bonus Bonus	Learn more Learn more
Bluevine Business Checking	5.0 /5 Read expert review	2026 BEST Online Business Checking Account	1.30% With $0 min. balance for APY	$0	$500 Requirements to qualify	Learn more at Bluevine, Deposits are FDIC Insured
American Express® Business Checking	4.8 /5 Read expert review	24/7 customer support	1.30%	$0	30,000 Points Requirements to qualify	Learn more at American Express National Bank, Member FDIC
U.S. Bank Business Essentials	4.5 /5 Read expert review	Free checking at a brick-and-mortar bank	N/A	$0	$400 Requirements to qualify Best free account	Learn more at U.S. Bank, Member FDIC
Chase Business Complete Banking®	4.5 /5 Read expert review	2026 BEST Brick-and-mortar Business Checking Account	N/A	$15.00 Waived with $2,000 minimum balance	Earn up to $500 Requirements to qualify	Learn more at Chase, Member FDIC
Relay Business Checking	4.8 /5 Read expert review	Expense management tools	N/A	$0	N/A	Learn more at Relay, Deposits are FDIC Insured
Grasshopper Innovator Business Checking Account	5.0 /5 Read expert review	Interest and cash back	1.35% With $25,000 min. balance for APY	$0	$300 Requirements to qualify Best for Cash back	Learn more at Grasshopper Bank, Member FDIC
Capital One Business Basic Checking®	4.2 /5 Read expert review	Cash deposits and withdrawals	N/A	$15.00 Waived with $2,000 minimum balance	$500 Requirements to qualify	Learn more at Capital One, Member FDIC
Mercury Business Account	4.5 /5 Read expert review	All-in-one financial management	N/A	$0	$300 Requirements to qualify	Learn more at Mercury, Deposits are FDIC Insured
nbkc Business Account	4.8 /5 Read expert review	Low-fee online banking	N/A	$0	N/A	Learn more at nbkc bank, Member FDIC
Found Small Business Banking	4.5 /5 Read expert review	Managing contractors and saving for taxes	2.00% Terms Apply¹	$0 None Required*	$125 Bonus Terms Apply²	Learn more at Lead Bank, Deposits are FDIC Insured
Business Premium Savings Account	5.0 /5 Read expert review	Business savings account	3.50% With $0.01 min. balance for APY	$0	$600 Requirements to qualify	Learn more at Axos Bank®, Member FDIC
Bank of America® Business Advantage Fundamentals™ Banking	4.5 /5 Read expert review	Full-service business banking	N/A	$16.00 $0 for the first 12 statement cycles.	$400 or $750 Requirements to qualify	Learn more at Bank of America, N.A., Member FDIC
nbkc bank Business Money Market Account	4.5 /5 Read expert review	Business money market account	2.75% With $0.01 min. balance for APY	$0	N/A	Learn more at nbkc bank, Member FDIC
Lili Core Business Checking	4.3 /5 Read expert review	Building business credit (add-on service)	N/A	$0	N/A	Learn more at Lili, Deposits are FDIC Insured

Nerdwallet best-of awards

2026 BEST Online Business Checking Account

Bluevine Business Checking

Best for Online banking

5.0

Read expert review

APY

1.30%

With $0 min. balance for APY

Monthly fee

$0

Bonus

$500

Requirements to qualify

Learn more

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.

American Express® Business Checking

Best for 24/7 customer support

4.8

Read expert review

APY

1.30%

Monthly fee

$0

Bonus

30,000 Points

Requirements to qualify

Learn more

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.

U.S. Bank Business Essentials

Best for Free checking at a brick-and-mortar bank

4.5

Read expert review

APY

N/A

Monthly fee

$0

Bonus

$400

Requirements to qualify

Best free account

Learn more

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

$25 minimum opening deposit.
Fee for using out-of-network ATMs.
High overdraft, wire transfer fees.
$1 fee for outgoing domestic ACH transfers.

Nerdwallet best-of awards

2026 BEST Brick-and-mortar Business Checking Account

Chase Business Complete Banking®

Best for Branch access, payment processing

4.5

Read expert review

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

Earn up to $500

Requirements to qualify

Learn more

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 thousands of 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.

Relay Business Checking

Best for Expense management tools

4.8

Read expert review

APY

N/A

Monthly fee

$0

Bonus

N/A

Learn more

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.

Grasshopper Innovator Business Checking Account

Best for Interest and cash back

Grasshopper Innovator Business Checking Account

5.0

Read expert review

APY

1.35%

With $25,000 min. balance for APY

Monthly fee

$0

Bonus

$300

Requirements to qualify

Best for Cash back

Learn more

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.

Capital One Business Basic Checking®

Best for Cash deposits and withdrawals

4.2

Read expert review

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

$500

Requirements to qualify

Learn more

at Capital One, Member FDIC

Pros

No minimum opening deposit.
Unlimited fee-free digital transactions.
No fees at more than 70,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
No fee on cash deposits at Capital One and select Allpoint ATMs.

Cons

$15 monthly service fee.
High overdraft, wire transfer fees.
Invoicing, payment processing not included.

Mercury Business Account

Best for All-in-one financial management

4.5

Read expert review

APY

N/A

Monthly fee

$0

Bonus

$300

Requirements to qualify

Learn more

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.

nbkc Business Account

Best for Low-fee online banking

4.8

Read expert review

APY

N/A

Monthly fee

$0

Bonus

N/A

Learn more

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.

Found Small Business Banking

Best for Managing contractors and saving for taxes

4.5

Read expert review

APY

2.00%

Terms Apply¹

Monthly fee

$0

None Required*

Bonus

$125

Bonus Terms Apply²

Learn more

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.

Business Premium Savings Account

Best for Business savings account

5.0

Read expert review

APY

3.50%

With $0.01 min. balance for APY

Monthly fee

$0

Bonus

$600

Requirements to qualify

Learn more

at Axos Bank®, Member FDIC

Pros

Industry-leading APY.
No minimum balance to earn interest.
Access to Insured Cash Sweep network for expanded FDIC insurance.

Cons

Fee for excess transactions.
No ATM or debit card access.

Bank of America® Business Advantage Fundamentals™ Banking

Best for Full-service business banking

Bank of America® Business Advantage Fundamentals™ Banking

4.5

Read expert review

APY

N/A

Monthly fee

$16.00

$0 for the first 12 statement cycles.

Bonus

$400 or $750

Requirements to qualify

Learn more

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)

Cons

$100 minimum opening deposit.
Fee for using out-of-network ATMs.
$16 monthly fee after introductory period ends.

nbkc bank Business Money Market Account

Best for Business money market account

4.5

Read expert review

APY

2.75%

With $0.01 min. balance for APY

Monthly fee

$0

Bonus

N/A

Learn more

at nbkc bank, Member FDIC

Pros

Earns 2.75% APY.
No minimum balance to earn interest.
No monthly fee or minimum opening deposit.
Includes checks and an ATM card.

Cons

High fee ($45) for international wire transfers.
No weekend or after-hours customer support.

Lili Core Business Checking

Best for Building business credit (add-on service)

4.3

Read expert review

APY

N/A

Monthly fee

$0

Bonus

N/A

Learn more

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.

Jump to

What is a business account?

Types of small-business bank accounts

How to choose a business bank account

Can you have multiple business bank accounts?

Table of Contents

╳

What is a business account?
Types of small-business bank accounts
How to choose a business bank account
Can you have multiple business bank accounts?

🧾 Important product updates

August 2026: We removed North One Standard Business Checking from this page. We previously listed it as our top pick for a high-yield checking account. But this account appears to no longer be available, with the North One website now redirecting to Relay.

What is a business account?

A business account is a bank account designed to meet the needs of entrepreneurs. In general, every business should start by opening a business checking account for day-to-day operations. These accounts may offer business-specific features, like built-in tools for services such as invoicing or tax planning, as well as higher transaction limits that allow greater cash flow.

» MORE: Best business bank accounts for sole proprietors

However, banks may place additional scrutiny on business accounts to prevent issues like money laundering and fraud. That's one reason some financial institutions explicitly prohibit the use of their personal accounts for business purposes.

In addition to business checking accounts, there are business savings accounts, cash management accounts , credit cards and more. Many businesses have multiple bank accounts.

Types of small-business bank accounts

Here is an overview of some common business bank accounts you might want to consider:

Business checking accounts	Business savings accounts	Cash management accounts	Merchant accounts
Best for: Everyday use.	Best for: Medium- to long-term savings.	Best for: Maximizing large cash reserves.	Best for: Accepting debit and credit card payments.
Open one if: You’re starting or formalizing your business. Every business should have a checking account.	Open one if: You have extra cash on hand, like a rainy-day fund or savings for a future expense.	Open one if: You have cash reserves in the millions.	Open one if: You plan to take card payments from customers online or via a point-of-sale system .
What to keep in mind: Included monthly transactions. ATM access. Account and incidental fees.	What to keep in mind: APY. Account fees. Minimum balance required to earn interest.	What to keep in mind: Potential yield. Account fees. Minimum balance to open account.	What to keep in mind: Bundled merchant services. Low transaction fees. Additional fees.

How to choose a business bank account

If you're not sure what you need, a business checking account is a great start. These accounts are designed for managing everyday cash flow. You’ll need one to open a merchant services account if you accept debit and credit card payments.

As your business grows, high-yield business savings accounts and business money market accounts can help put your savings to work, with some earning more than 3% APY. And if you have large cash reserves (for instance, if your business is a startup with venture funding), a business cash management account could further increase your yield.

Once you know what type of account you need, consider whether you want an online business account , an in-person banking experience or a combination of the two.

Monthly fees: Recurring fees eat into your bottom line, so look for a free business checking account or one with a monthly fee you’ll easily qualify to waive.
Transaction and deposit limits: Most accounts place some restrictions on transactions and deposits. Brick-and-mortar banks typically limit fee-free transactions — anywhere from 100 transactions to 500 per month for entry-level business accounts. Some banks only limit in-person transactions, while others cap all activity. Online banks rarely limit the number of transactions you can make, but most impose other limits, such as how much you can transfer or deposit each month.
ATM access: Note the size and location of your bank’s ATM network before opening a business bank account . For savings accounts, also consider whether the account includes ATM access at all (many do not).
Customer support: If you want to be able to talk to a banker face-to-face, open an account at a bank or credit union with branches close to your home or business. If you're OK with phone support, most online banks offer it — just make sure it's available on evenings and weekends if you work during those times.
Incidental fees: Additional fees on your business account can add up fast. Check the schedule of fees for your account to understand what extra charges could apply when you send wire transfers, deposit cash or accidentally overdraft.
Value-added features: Some business accounts offer tax-planning tools, which are great for sole proprietors and freelancers. Other accounts offer easy integration with software like QuickBooks Online and Gusto to streamline your business operations. And some business banking platforms for startups offer sophisticated expense management tools, including corporate credit cards that can help you control and monitor spending across your company.

Can you have multiple business bank accounts?

Yes, you can have multiple business bank accounts. In fact, using more than one account makes sense for most growing businesses.

Separate accounts can protect you from disruptions due to account freezes and fraud. They also help you set aside dedicated funds for taxes, payroll or savings goals.

How many business bank accounts you need depends on the size and complexity of your business.

Just starting out? One business checking account can cover all your bases. Use it for revenue and business expenses, and transfer money to your personal account to pay yourself. You can use a sub-account to set money aside for taxes.
Got employees on the books ? A dedicated checking account for payroll helps ensure you always have enough cash on hand to pay your team. Set up automatic transfers from your main operating account to keep it funded.
Holding substantial cash reserves? Open a business savings or money market account to earn a higher APY on idle funds. If you're holding more than $250,000, spread deposits across multiple banks — FDIC insurance only covers up to that amount per institution. Some accounts also offer Insured Cash Sweep programs, which can extend your coverage into the millions.

Managing multiple accounts doesn't have to be complicated. Choose accounts with no monthly fees or minimum balance requirements. Sync them with your accounting software for a unified view of cash flow. And consider a business credit card to ease pressure on your checking balances.

One important note: Each business should have its own separate accounts. Mixing finances from two businesses makes bookkeeping and taxes significantly harder.

Note on American Express® Business Checking : At Allpoint® and MoneyPass® locations in the U.S., you can withdraw cash and get balance information with no fee. Access to ATMs outside of the Allpoint® and MoneyPass® networks are subject to fees by the ATM owner and/or network. ATM withdrawal limits apply. American Express applies foreign exchange fees to withdrawals in foreign currencies. American Express does not accept ATM cash deposits into your Business Checking account at this time. Visit americanexpress.com/atm-locator to find participating ATMs in the U.S.

Notes on Found: Found is a financial technology company, not a bank. Banking services are provided by Lead Bank, Member FDIC. The funds in your account are FDIC insured up to $250,000 per depositor for each account ownership category. FDIC insurance only covers the failure of an FDIC-insured depository institution.

*Found's core features are free. Optional subscriptions to Found Plus for $35/month or $315/year or Found Pro for $80/month or $720/year. There are no monthly account maintenance fees, but other fees such as transactional fees for wires, instant transfers, and ATM apply. Read Found Fee Schedule .

¹Customers who have signed up for an account after Nov. 1, 2025 will earn a bonus equal to 2.00% Annual Percentage Yield on the portion of their account balance up to $20,000 for a given month only if they spend $5,000 in qualifying debit card transactions during the month and satisfy other eligibility requirements as described in the Card Spend Bonus Terms . No bonus will be earned on the portion of account balances over $20,000.

² Welcome offer: Earn $125 when you deposit $5,000 within the first 30 days of account creation and maintain it for another 30 days. Offer valid until 12/31/26. Terms Apply .

Relay is a financial technology company, not a bank. Banking services provided by Thread Bank, Member FDIC. The Relay Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.

To view rates and fees of The American Express Blue Business Cash™ Card, see this page .

To view rates and fees of The Blue Business® Plus Credit Card from American Express, see this page .

To view rates and fees of the American Express® Business Gold Card, see this page .

Last updated on January 6, 2025

Methodology

NerdWallet’s writers and editors evaluate more than 60 business bank accounts from national, regional and online banks. Collectively, these accounts represent the largest banks by assets and the largest credit unions by membership, along with notable and emerging fintech companies and online banks.

We consider more than 20 data points for each account, including services, fees, features and rewards. We gather this information from rates and fees documents, deposit account agreements, financial institution websites and company representatives.

Our editorial team regularly reviews and updates our data to ensure consistency and accuracy. We also update our scoring on an ongoing basis to reflect changing industry norms and business owner needs. For instance, in 2026, we adjusted our expectations for APYs due to falling interest rates.

Final ratings range from one to five stars. A five-star score represents the best available product for the largest number of business owners. Learn more about how we rate business checking accounts .

Meet the editorial team

Kelsey Sheehy

Senior writer | Small business, personal finance

Kelsey Sheehy is a senior writer and NerdWallet authority on small business. She started at NerdWallet in 2015 and spent six years as a personal finance writer and spokesperson before switching gears to cover the financial decisions and challenges faced by small-business owners. Kelsey’s work has appeared in The New York Times, The Washington Post, Nasdaq and MarketWatch, among other publications. Kelsey has appeared on the "Today" show, NBC News and ABC’s "World News Tonight" and has been quoted by the Los Angeles Times, CNBC, American Banker, NPR and Vice, among other publications. Prior to joining NerdWallet, Kelsey covered college (and how to pay for it) for U.S. News & World Report. She is based in Washington, D.C.

Best Business Bank Accounts of August 2026

Bluevine Business Checking

Best for Online banking

Bluevine Business Checking

Best for Online banking

American Express® Business Checking

Best for 24/7 customer support

American Express® Business Checking

Best for 24/7 customer support

U.S. Bank Business Essentials

Best for Free checking at a brick-and-mortar bank

U.S. Bank Business Essentials

Best for Free checking at a brick-and-mortar bank

Chase Business Complete Banking®

Best for Branch access, payment processing

Chase Business Complete Banking®

Best for Branch access, payment processing

Relay Business Checking

Best for Expense management tools

Relay Business Checking

Best for Expense management tools

Grasshopper Innovator Business Checking Account

Best for Interest and cash back

Grasshopper Innovator Business Checking Account

Best for Interest and cash back

Capital One Business Basic Checking®

Best for Cash deposits and withdrawals

Capital One Business Basic Checking®

Best for Cash deposits and withdrawals

Mercury Business Account

Best for All-in-one financial management

Mercury Business Account

Best for All-in-one financial management

nbkc Business Account

Best for Low-fee online banking

nbkc Business Account

Best for Low-fee online banking

Found Small Business Banking

Best for Managing contractors and saving for taxes

Found Small Business Banking

Best for Managing contractors and saving for taxes

Business Premium Savings Account

Best for Business savings account

Business Premium Savings Account

Best for Business savings account

Bank of America® Business Advantage Fundamentals™ Banking

Best for Full-service business banking

Bank of America® Business Advantage Fundamentals™ Banking

Best for Full-service business banking

nbkc bank Business Money Market Account

Best for Business money market account

nbkc bank Business Money Market Account

Best for Business money market account

Lili Core Business Checking

Best for Building business credit (add-on service)

Lili Core Business Checking

Best for Building business credit (add-on service)

What is a business account?

Types of small-business bank accounts

How to choose a business bank account

Can you have multiple business bank accounts?

Methodology