Best of
6 Best Free Business Checking Accounts
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Summary of 6 Best Free Business Checking Accounts
| Bank | Monthly Fee | APY | Learn More |
|---|---|---|---|
 Axos Bank™ Basic Business Checking | $0 | N/A | |
 BBVA USA Business Connect Checking | $0 | N/A | |
 U.S. Bank Silver Business Package | $0 | N/A | |
 Citizens Bank Clearly Better Business Checking® | $0 | N/A | |
 Navy Federal Credit Union Business Checking | $0 | 0.05% With $0 minimum balance | |
 Huntington National Bank Huntington 5 Checking® | $5 Waived with $5000 minimum balance | 0.15% With $5000 minimum balance |
| Bank | Monthly Fee | APY | Learn More |
|---|---|---|---|
Axos Bank™ Basic Business Checking | $0 | N/A | |
BBVA USA Business Connect Checking | $0 | N/A | |
U.S. Bank Silver Business Package | $0 | N/A | |
Citizens Bank Clearly Better Business Checking® | $0 | N/A | |
Navy Federal Credit Union Business Checking | $0 | 0.05% With $0 minimum balance | |
Huntington National Bank Huntington 5 Checking® | $5 Waived with $5000 minimum balance | 0.15% With $5000 minimum balance |
Monthly Fee
$0
- No monthly maintenance fee but a minimum deposit of $1,000 needed to open account
Monthly Fee
$0
- No monthly fee and no monthly balance requirement except for a $100 minimum opening deposit
Monthly Fee
$0
- No monthly fee and up to 150 free transactions a month, which include deposits, debit card purchases and online payments
Monthly Fee
$0
- No monthly service fee or minimum monthly balance.
Monthly Fee
$0
APY
0.05%
With $0 minimum balance
- Military-based membership. Customers can join Navy Federal Credit Union if they have served in a branch of the U.S. armed forces (either active duty or as a reservist), if they have worked for the Department of Defense or as a DOD contractor, or if they are immediate family of someone who meets the above criteria for membership.
Monthly Fee
$5
Waived with $5000 minimum balance
APY
0.15%
With $5000 minimum balance
- The Community Business Checking account is a free account type for nonprofits and startups with average balances less than $5,000 and low checking activity. Huntington Bank also offers a Fast Track Business Checking account, which is not a free account, but the $20 monthly fee is waived if a customer has $5,000 in checking balances or $30,000 combined in checking, savings, CD and money market balances.
Summary of 6 Best Free Business Checking Accounts
| Bank | Monthly Fee | APY | Learn More |
|---|---|---|---|
Axos Bank™ Basic Business Checking | $0 | N/A | |
BBVA USA Business Connect Checking | $0 | N/A | |
U.S. Bank Silver Business Package | $0 | N/A | |
Citizens Bank Clearly Better Business Checking® | $0 | N/A | |
Navy Federal Credit Union Business Checking | $0 | 0.05% With $0 minimum balance | |
Huntington National Bank Huntington 5 Checking® | $5 Waived with $5000 minimum balance | 0.15% With $5000 minimum balance |
| Bank | Monthly Fee | APY | Learn More |
|---|---|---|---|
Axos Bank™ Basic Business Checking | $0 | N/A | |
BBVA USA Business Connect Checking | $0 | N/A | |
U.S. Bank Silver Business Package | $0 | N/A | |
Citizens Bank Clearly Better Business Checking® | $0 | N/A | |
Navy Federal Credit Union Business Checking | $0 | 0.05% With $0 minimum balance | |
Huntington National Bank Huntington 5 Checking® | $5 Waived with $5000 minimum balance | 0.15% With $5000 minimum balance |
Last updated on May 15, 2019
Methodology
We took a close look at the 10 largest U.S. consumer banks based on assets, large and notable online banks and notable brick-and-mortar banks with free business accounts. Financial institutions surveyed: Ally Bank, Axos Bank, Bank of America, BBVA, BB&T, Capital One, Chase, Citibank, Citizens Bank, First Internet Bank, Huntington Bank, Navy Federal Credit Union, PNC, Radius Bank, Service Credit Union, SmallBusinessBank.com, SunTrust, TD Bank, TIAA Bank, U.S. Bank and Wells Fargo.
To recap our selections...
