12 Places to Open a Business Checking Account Online

Opening a business bank account online is generally faster and easier than applying in person.

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Opening a business checking account online is generally faster and easier than visiting a branch location and applying in person. While the process will vary slightly depending on the individual bank, you should be able to complete and submit your online application in a matter of minutes.

Where to open a business checking account online

Both digital banks and some brick-and-mortar institutions allow you to open a business checking account online. Here’s a roundup of some of the top places to open a business bank account online and what you can expect during the process.

Online business accounts

Online banks typically offer unlimited transactions and waived incidental fees (goodbye, overdrafts) for little or no monthly fee. These accounts are fully digital, so you don’t just apply online — all of your business banking activity is done via an app or website.

Online business accounts do have some drawbacks. Few offer free, easy cash deposits. And some offer customer support only by email.

Monthly fee

APY

Overview

American Express® Business Checking
NerdWallet rating 
Read review

$0.

1.10% on balances up to $500,000.

  • $300 welcome bonus (terms apply).

  • No cash deposits.

Axos Bank® Basic Business Checking
NerdWallet rating 

at Axos Bank®, Member FDIC

$0.

None.

  • 24/7 customer support.

  • Refunds on ATM fees (U.S. only).

  • Free cash deposits via compatible ATMs.

  • Welcome bonus for new customers. Terms apply.

BlueVine Business Checking
NerdWallet rating 

at BlueVine, Deposits are FDIC Insured

$0.

1.50% on balances up to $100,000 (terms apply).

  • No overdraft fees.

  • Cash deposits via Green Dot (fees apply).

  • QuickBooks integration.

LendingClub Tailored Checking
NerdWallet rating 

at LendingClub Bank, Member FDIC

$10 (can be waived).

0.10% on balances of $5,000 or higher.

  • Minimum opening deposit: $100.

  • Refunds on all ATM fees worldwide.

  • Free cash deposits via compatible ATMs.

  • Unlimited 1% cash back on debit card purchases.

Mercury Business Bank Account
NerdWallet rating 

at Mercury, Deposits are FDIC Insured

$0.

None.

  • No overdraft fees.

  • Free wire transfers.

  • No cash deposits.

  • Not available to sole proprietors.

nbkc Business Account
NerdWallet rating 

at nbkc bank, Member FDIC

$0.

None.

  • No overdraft fees.

  • Free cash deposits via compatible ATMs.

  • Refunds on ATM fees (up to $12 per month).

Novo Business Checking
NerdWallet rating 

at Novo, Deposits are FDIC Insured

$0.

None.

  • Refunds on all ATM fees worldwide.

  • Free invoicing and bill pay.

  • No cash deposits.

  • Cannot send wire transfers.

Oxygen Business Account
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$0.

None.

  • 2% cash back on debit card purchases.

  • Access direct deposit funds up to two days early.

  • Cash deposits via Green Dot (fees apply).

  • Charge to use out-of-network ATMs.

Traditional banks

These brick-and-mortar banks offer the best of both worlds. Business owners can open a business checking account online and still have access to in-person banking when they need it.

Unlike online banks, traditional banks often place caps on free transactions and deposits, and many charge a monthly fee but offer ways to waive it. Brick-and-mortar banks typically charge incidental fees, too, so don’t expect to find free overdrafts, wire transfers or stop payments.

Monthly fee

APY

Overview

Bank of America Business Advantage Fundamentals™ Banking
NerdWallet rating 

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

$16.

None.

  • Minimum opening deposit: $100.

  • Free transactions: 200 paper checks, in-person transactions. Unlimited electronic transactions.

  • Free cash deposits: $7,500 per month.

Chase Business Complete Banking℠
NerdWallet rating 

at Chase, Member FDIC

$15.

None.

  • Minimum opening deposit: $0.

  • Free transactions: 20 paper checks, in-person transactions. Unlimited electronic transactions.

  • Free cash deposits: $5,000 per month.

  • $300 welcome bonus (terms apply).

U.S. Bank Silver Business Checking
NerdWallet rating 
Read review

$0.

None.

  • Minimum opening deposit: $100.

  • Free transactions: 125 per month.

  • Free cash deposits: $2,500 (or 25 units) per month.

Wells Fargo Initiate Business Checking℠ Account
NerdWallet rating 
Read review

$10.

None.

  • Minimum opening deposit: $25.

  • Free transactions: 100 per month.

  • Free cash deposits: $5,000 per month.

» Explore more options: See NerdWallet's picks for best business bank accounts for cash deposits, branch access and more

How to open a business checking account online

To open a business checking account online, you'll need to:

  1. Provide basic information about yourself and any additional business owners.

  2. Include personal identification, such as a driver’s license or Social Security number.

  3. Provide essential details about your business, like your tax ID number.

  4. Upload legal business documentation, which will vary based on your entity type.

If the account requires a minimum opening deposit, you'll also need to fund that deposit — by ACH transfer, check or debit card — before submitting your application. The bank will refund or cancel the deposit if your application is denied.

» Learn more about the requirements to open a business bank account

Choose the right business checking account

Before applying, you’ll want to compare business checking account options and consider factors such as monthly fees, transaction limits, ATM access and additional banking tools to find an account that’s right for your financial needs.

Whether you opt to open a business bank account online or in person, you can streamline the process by preparing documentation ahead of time and following all instructions carefully.