Best Banks for Small Business in California of January 2026
The best banks for small businesses in California offer excellent business checking accounts and accessible customer support. Additional services, like business loans, further allow these banks to meet your business’s changing needs.
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Grasshopper Innovator Business Checking Account
APY
1.35% Earn 1.00% APY on balances up to $24,999 and on balances greater than $250,000. Earn 1.35% APY on balances of $25,000 to $250,000.
With $25,000 min. balance for APY
Monthly fee
$0
Bonus
N/A
Cash back on debit
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.
Min. opening deposit
$100
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
Grasshopper Innovator Business Checking Account
APY
1.35% Earn 1.00% APY on balances up to $24,999 and on balances greater than $250,000. Earn 1.35% APY on balances of $25,000 to $250,000.
With $25,000 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$100
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
Axos Bank® Basic Business Checking
APY
N/A
Monthly fee
$0
Bonus
$200 Business owners get up to $200 welcome bonus!* Open a business checking account by June 30 and get up to $200 when you use promo code START200 on your application.*
Requirements to qualify Unlimited transactions
at Axos Bank®, Member FDIC
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- Cash deposits via Allpoint ATMs.
- Automatic refunds of all ATM fees (domestic).
- Cash deposits via Allpoint ATMs.
- Welcome bonus for new customers (terms apply).
Cons
- $25 fee for insufficient funds/uncollected funds returned.
- No third-party app integrations.
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$25
Axos Bank® Basic Business Checking
APY
N/A
Monthly fee
$0
Bonus
$200 Business owners get up to $200 welcome bonus!* Open a business checking account by June 30 and get up to $200 when you use promo code START200 on your application.*
Requirements to qualify Unlimited transactions
at Axos Bank®, Member FDIC
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- Cash deposits via Allpoint ATMs.
- Automatic refunds of all ATM fees (domestic).
- Cash deposits via Allpoint ATMs.
- Welcome bonus for new customers (terms apply).
Cons
- $25 fee for insufficient funds/uncollected funds returned.
- No third-party app integrations.
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$25
Relay Business Checking
APY
N/A
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$0
Relay Business Checking
APY
N/A
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$0
American Express® Business Checking
APY
1.30% Earn 1.30% APY (annual percentage yield) on balances up to $500,000 as of 10/12/2022.
With $0 min. balance for APY
Monthly fee
$0
Bonus
30,000 Points Earn 30,000 Membership Rewards® points. Convert Membership Rewards® points into deposits directly into your American Express® Business Checking account. Other redemption options available. Terms apply.
1) Deposit a total of $5,000 or more in eligible deposits within 30 days of opening your first account, AND
▪ Eligible deposits are any deposits except deposits using our Redeem for Deposits feature, deposits from interest payments, and deposits from any other American Express Business Checking accounts.
2) Maintain an average account balance of $5,000 for the next 60 days,
AND
3) Make 5 or more qualifying transactions within 60 days of opening your account
▪ Qualifying transactions are mobile deposits, check deposits by mail, and electronic/online transactions including ACH, Wire, and Bill Payments. Business Debit Card transactions and deposits using our Redeem for Deposits feature are not qualifying transactions.
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 with your debit card.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
N/A
American Express® Business Checking
APY
1.30% Earn 1.30% APY (annual percentage yield) on balances up to $500,000 as of 10/12/2022.
With $0 min. balance for APY
Monthly fee
$0
Bonus
30,000 Points Earn 30,000 Membership Rewards® points. Convert Membership Rewards® points into deposits directly into your American Express® Business Checking account. Other redemption options available. Terms apply.
1) Deposit a total of $5,000 or more in eligible deposits within 30 days of opening your first account, AND
▪ Eligible deposits are any deposits except deposits using our Redeem for Deposits feature, deposits from interest payments, and deposits from any other American Express Business Checking accounts.
2) Maintain an average account balance of $5,000 for the next 60 days,
AND
3) Make 5 or more qualifying transactions within 60 days of opening your account
▪ Qualifying transactions are mobile deposits, check deposits by mail, and electronic/online transactions including ACH, Wire, and Bill Payments. Business Debit Card transactions and deposits using our Redeem for Deposits feature are not qualifying transactions.
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 with your debit card.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
N/A
Nerdwallet best-of awards
2026 BEST Online Business Checking Account
Bluevine Business Checking
APY
1.30% Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
With $0 min. balance for APY
Monthly fee
$0
Bonus
$500 Earn a $500 bonus when you open a new Bluevine Business Checking account and meet eligibility requirements. Apply with referral code NW500.
Requirements to qualify
at Bluevine, Deposits are FDIC Insured
Pros
- No requited 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.
Min. opening deposit
$0
Free cash deposits
No
Fees vary by location.
Overdraft fees
$0
Nerdwallet best-of awards
2026 BEST Online Business Checking Account
Bluevine Business Checking
APY
1.30% Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
With $0 min. balance for APY
Monthly fee
$0
Bonus
$500 Earn a $500 bonus when you open a new Bluevine Business Checking account and meet eligibility requirements. Apply with referral code NW500.
Requirements to qualify
at Bluevine, Deposits are FDIC Insured
Pros
- No requited 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.
Min. opening deposit
$0
Free cash deposits
No
Fees vary by location.
Overdraft fees
$0
Bank of America® Business Advantage Fundamentals™ Banking
APY
N/A
Monthly fee
$16.00
$0 for the first 12 statement cycles.
Bonus
N/A
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.
Min. opening deposit
$100
Free cash deposits
Yes
Up to $5,000 per statement cycle.
Overdraft fees
$10
Bank of America® Business Advantage Fundamentals™ Banking
APY
N/A
Monthly fee
$16.00
$0 for the first 12 statement cycles.
Bonus
N/A
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.
Min. opening deposit
$100
Free cash deposits
Yes
Up to $5,000 per statement cycle.
Overdraft fees
$10
First Internet Bank Do More Business™ Checking
APY
0.50% Earn 0.50% APY with an average daily balance of $10,000
With $10,000 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$100
Free cash deposits
N/A
Overdraft fees
N/A
First Internet Bank Do More Business™ Checking
APY
0.50% Earn 0.50% APY with an average daily balance of $10,000
With $10,000 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$100
Free cash deposits
N/A
Overdraft fees
N/A
U.S. Bank Business Essentials
APY
N/A
Monthly fee
$0
Bonus
$400 Earn a $400 bonus when you open a U.S. Bank Business Essentials Account or $1,200 when you open a Platinum Business Checking Account online with promo code Q1AFL26 and complete qualifying activities, subject to certain terms and limitations. Offer valid through March 31, 2026. Member FDIC.
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.
Min. opening deposit
$100
Free cash deposits
Yes
Up to 250 free cash deposit units per statement cycle.
Overdraft fees
$36
U.S. Bank Business Essentials
APY
N/A
Monthly fee
$0
Bonus
$400 Earn a $400 bonus when you open a U.S. Bank Business Essentials Account or $1,200 when you open a Platinum Business Checking Account online with promo code Q1AFL26 and complete qualifying activities, subject to certain terms and limitations. Offer valid through March 31, 2026. Member FDIC.
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.
Min. opening deposit
$100
Free cash deposits
Yes
Up to 250 free cash deposit units per statement cycle.
Overdraft fees
$36
Nerdwallet best-of awards
2026 BEST Brick-and-mortar Business Checking Account
Chase Business Complete Banking®
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
$500 Earn up to $500 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
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.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$34
Nerdwallet best-of awards
2026 BEST Brick-and-mortar Business Checking Account
Chase Business Complete Banking®
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
$500 Earn up to $500 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
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.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$34
North One Standard Business Checking
APY
2.50% Earn 2.50% interest on account balances up to $250,000. Terms apply.
With $0 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
No
NorthOne does not accept cash deposits
Overdraft fees
$5
North One Standard Business Checking
APY
2.50% Earn 2.50% interest on account balances up to $250,000. Terms apply.
With $0 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
No
NorthOne does not accept cash deposits
Overdraft fees
$5
Brex Business Account
APY
N/A
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
N/A
Overdraft fees
N/A
Brex Business Account
APY
N/A
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
N/A
Overdraft fees
N/A
Rho Business Checking
APY
N/A
Monthly fee
$0
Bonus
$350 $350 statement credit for depositing and maintaining a balance of $10,000 for the first 90 days. Use promo code NERDWALLET at sign up.
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.
Min. opening deposit
$0
Free cash deposits
N/A
Overdraft fees
N/A
Rho Business Checking
APY
N/A
Monthly fee
$0
Bonus
$350 $350 statement credit for depositing and maintaining a balance of $10,000 for the first 90 days. Use promo code NERDWALLET at sign up.
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.
Min. opening deposit
$0
Free cash deposits
N/A
Overdraft fees
N/A
nbkc Business Account
APY
N/A
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$0
nbkc Business Account
APY
N/A
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$0
Found Small Business Banking
APY
2.00% *New customers signing up after 11/1/25 can earn 2% APY on balances up to $20K when you spend $5000 on qualifying transactions in a month.
With $0 min. balance for APY
Monthly fee
$0
Bonus
$125 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 12/31/25. Terms Apply.
Requirements to qualify
at Found, Deposits are FDIC Insured
Pros
- No required monthly fee, minimum opening deposit, excess transaction or overdraft fees.
- Free, 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.
- Not available to partnerships or nonprofit organizations.
- No fee-free cash deposits.
Min. opening deposit
$0
Free cash deposits
No
$2 fee per deposit
Overdraft fees
$0
Found Small Business Banking
APY
2.00% *New customers signing up after 11/1/25 can earn 2% APY on balances up to $20K when you spend $5000 on qualifying transactions in a month.
With $0 min. balance for APY
Monthly fee
$0
Bonus
$125 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 12/31/25. Terms Apply.
Requirements to qualify
at Found, Deposits are FDIC Insured
Pros
- No required monthly fee, minimum opening deposit, excess transaction or overdraft fees.
- Free, 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.
- Not available to partnerships or nonprofit organizations.
- No fee-free cash deposits.
Min. opening deposit
$0
Free cash deposits
No
$2 fee per deposit
Overdraft fees
$0
Mercury Business Bank Account
APY
N/A
Monthly fee
$0
Bonus
$300 $300 bonus to users on deposits $10K or more in their first 90 days.
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.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
Mercury Business Bank Account
APY
N/A
Monthly fee
$0
Bonus
$300 $300 bonus to users on deposits $10K or more in their first 90 days.
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.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
Novo Business Checking
APY
N/A
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
Novo Business Checking
APY
N/A
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
Lili Core Business Checking
APY
N/A
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
No
Fee of up to $4.95 per cash deposit.
Overdraft fees
$0
Lili Core Business Checking
APY
N/A
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
No
Fee of up to $4.95 per cash deposit.
Overdraft fees
$0
Navy Federal Credit Union Business Checking
APY
0.01%
With $0 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$255
Free cash deposits
Yes
Unlimited
Overdraft fees
$29
Navy Federal Credit Union Business Checking
APY
0.01%
With $0 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$255
Free cash deposits
Yes
Unlimited
Overdraft fees
$29
Capital One Business Basic Checking®
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
Yes
$5,000 included monthly at no charge; $1 for every $1,000 deposited after that
Overdraft fees
$35
Capital One Business Basic Checking®
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
Yes
$5,000 included monthly at no charge; $1 for every $1,000 deposited after that
Overdraft fees
$35
TD Business Simple Checking℠
APY
N/A
Monthly fee
$10.00
Bonus
$500 Earn a $500 bonus when you open a new TD Bank Business Checking account and meet eligibility requirements. Terms apply. Offer expires 11/30/2024.
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.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$35
TD Business Simple Checking℠
APY
N/A
Monthly fee
$10.00
Bonus
$500 Earn a $500 bonus when you open a new TD Bank Business Checking account and meet eligibility requirements. Terms apply. Offer expires 11/30/2024.
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.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$35
Huntington Business Checking 100
APY
N/A
Monthly fee
$0
Bonus
$1,000 For a $100 bonus, make a cumulative new money deposit of at least $2,000 within 60 days after opening an eligible account. For a $400 bonus, make a cumulative new money deposit of at least $5,000 within 60 days after opening an eligible account (not available with Business Checking 100). For a $1,000 bonus: Make a cumulative new money deposit of at least $20,000 within 30 days after opening an eligible account, then maintain a daily balance of $20,000 for 60 days after you've met the cumulative opening deposit requirement. ($1,000 bonus available with Unlimited Plus Business Checking only.)
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.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $2,500 per month.
Overdraft fees
$36
Huntington Business Checking 100
APY
N/A
Monthly fee
$0
Bonus
$1,000 For a $100 bonus, make a cumulative new money deposit of at least $2,000 within 60 days after opening an eligible account. For a $400 bonus, make a cumulative new money deposit of at least $5,000 within 60 days after opening an eligible account (not available with Business Checking 100). For a $1,000 bonus: Make a cumulative new money deposit of at least $20,000 within 30 days after opening an eligible account, then maintain a daily balance of $20,000 for 60 days after you've met the cumulative opening deposit requirement. ($1,000 bonus available with Unlimited Plus Business Checking only.)
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.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $2,500 per month.
Overdraft fees
$36
PNC Business Checking
APY
N/A
Monthly fee
$12.00
Waived with $500 average monthly balance
Bonus
$400 Open a new qualifying Business Checking or Business Checking Plus account by 3/31/2026. Maintain a minimum average ledger balance of $2,000 for each of the first three statement cycles; and make at least 20 total qualifying PNC Bank Visa® Debit Card transactions within the first three statement cycles.
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.
Min. opening deposit
$100
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$36
PNC Business Checking
APY
N/A
Monthly fee
$12.00
Waived with $500 average monthly balance
Bonus
$400 Open a new qualifying Business Checking or Business Checking Plus account by 3/31/2026. Maintain a minimum average ledger balance of $2,000 for each of the first three statement cycles; and make at least 20 total qualifying PNC Bank Visa® Debit Card transactions within the first three statement cycles.
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.
Min. opening deposit
$100
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$36
QuickBooks Money
APY
3.00% Earn 3% APY on balances in envelopes. Funds must be moved out of envelopes before they can be spent.
With $0 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
No
Fees of up to $5.95 may be collected by retailers when depositing cash to your account at their locations.
Overdraft fees
N/A
QuickBooks Money
APY
3.00% Earn 3% APY on balances in envelopes. Funds must be moved out of envelopes before they can be spent.
With $0 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
No
Fees of up to $5.95 may be collected by retailers when depositing cash to your account at their locations.
Overdraft fees
N/A
Wells Fargo Initiate Business Checking℠ Account
APY
N/A
Monthly fee
$10.00
Waived with $500 minimum balance
Bonus
N/A
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.
Min. opening deposit
$25
Free cash deposits
Yes
Up to $5,000.
Overdraft fees
$35
Wells Fargo Initiate Business Checking℠ Account
APY
N/A
Monthly fee
$10.00
Waived with $500 minimum balance
Bonus
N/A
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.
Min. opening deposit
$25
Free cash deposits
Yes
Up to $5,000.
Overdraft fees
$35
Citizens Bank Clearly Better Business Checking®
APY
N/A
Monthly fee
$0
Bonus
N/A
Min. opening deposit
$1
Free cash deposits
No
$2.50 per $1,000 coin and currency deposited
Overdraft fees
$39
Citizens Bank Clearly Better Business Checking®
APY
N/A
Monthly fee
$0
Bonus
N/A
Min. opening deposit
$1
Free cash deposits
No
$2.50 per $1,000 coin and currency deposited
Overdraft fees
$39
BMO Simple Business Checking
APY
N/A
Monthly fee
$10.00
Waived with $100 minimum balance
Bonus
$1,000 Earn a $400, $750 or $1,000 bonus when you open a new BMO business checking account and complete qualifying activities. Offer valid through January 28, 2026. Member FDIC.
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.
Min. opening deposit
$100
Free cash deposits
Yes
Up to $2,000 per statement period.
Overdraft fees
$15
BMO Simple Business Checking
APY
N/A
Monthly fee
$10.00
Waived with $100 minimum balance
Bonus
$1,000 Earn a $400, $750 or $1,000 bonus when you open a new BMO business checking account and complete qualifying activities. Offer valid through January 28, 2026. Member FDIC.
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.
Min. opening deposit
$100
Free cash deposits
Yes
Up to $2,000 per statement period.
Overdraft fees
$15
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.
Min. opening deposit
$100
Free cash deposits
N/A
Overdraft fees
N/A
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.
Min. opening deposit
$100
Free cash deposits
N/A
Overdraft fees
N/A
CitiBusiness® Streamlined Checking
APY
N/A
Monthly fee
$15.00
Waived with $5,000 minimum balance
Bonus
N/A
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.
Min. opening deposit
$1
Free cash deposits
No
$10,000 in cash deposits included monthly
Overdraft fees
$35
CitiBusiness® Streamlined Checking
APY
N/A
Monthly fee
$15.00
Waived with $5,000 minimum balance
Bonus
N/A
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.
Min. opening deposit
$1
Free cash deposits
No
$10,000 in cash deposits included monthly
Overdraft fees
$35
Santander Bank Basic Business Checking
3.0
APY
N/A
Monthly fee
$7.50
Waived with $1,500 minimum balance
Bonus
N/A
Min. opening deposit
$0
Free cash deposits
No
No fee up to $7,500, then $0.27 per $100 deposited
Overdraft fees
$35
Santander Bank Basic Business Checking
3.0
APY
N/A
Monthly fee
$7.50
Waived with $1,500 minimum balance
Bonus
N/A
Min. opening deposit
$0
Free cash deposits
No
No fee up to $7,500, then $0.27 per $100 deposited
Overdraft fees
$35
Live Oak Bank Business Savings
APY
3.00% Earn 3% APY with a minimum balance of $0.01.
With $0.01 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits
Overdraft fees
N/A
Live Oak Bank Business Savings
APY
3.00% Earn 3% APY with a minimum balance of $0.01.
With $0.01 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits
Overdraft fees
N/A
Regions LifeGreen Business Checking
APY
N/A
Monthly fee
$12.00
Waived with $2,500 minimum balance
Bonus
N/A
Min. opening deposit
$100
Free cash deposits
No
$5,000 processed at no charge each calendar month; then $0.25 per $100 for additional cash deposits
Overdraft fees
$36
Regions LifeGreen Business Checking
APY
N/A
Monthly fee
$12.00
Waived with $2,500 minimum balance
Bonus
N/A
Min. opening deposit
$100
Free cash deposits
No
$5,000 processed at no charge each calendar month; then $0.25 per $100 for additional cash deposits
Overdraft fees
$36
Min. opening deposit
$0
Free cash deposits
N/A
Overdraft fees
N/A
Min. opening deposit
$0
Free cash deposits
N/A
Overdraft fees
N/A
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