Our Nerdy picks for
Best Business Bank Accounts
Bank/institution | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
---|---|---|---|---|---|
Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 5.0/5 Best for Online business bank accounts + Earning interest | $0 | 2.00% With $0 min. balance for APY | $0 | Learn more at Bluevine, Deposits are FDIC Insured |
Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC | 5.0/5 Best for Online business bank accounts + Earning interest | $0 | 2.25% With $0 min. balance for APY | $0 | Learn more at Grasshopper Bank, Member FDIC |
Axos Bank® Basic Business Checking Learn more at Axos Bank®, Member FDIC | 5.0/5 Best for Online business bank accounts + Cash deposits | $0 | N/A | $400 Requirements to qualify | Learn more at Axos Bank®, Member FDIC |
nbkc Business Account Learn more at nbkc bank, Member FDIC | 5.0/5 Best for Online business bank accounts + Cash deposits + No fees | $0 | N/A | $0 | Learn more at nbkc bank, Member FDIC |
LendingClub Tailored Checking Learn more at LendingClub Bank, Member FDIC | 5.0/5 Best for Online business bank accounts + Earning interest + Cash deposits | $10.00 Waived with $500 minimum balance | 1.50% With $0 min. balance for APY | $0 | Learn more at LendingClub Bank, Member FDIC |
Chase Business Complete Banking℠ Learn more at Chase, Member FDIC | 5.0/5 Best for Branch access | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC | 4.0/5 Best for Branch access | $0 | N/A | $800 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
Bank of America Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 5.0/5 Best for Branch access + Cash deposits | $16.00 Waived with $5,000 minimum balance | N/A | $200 See offer page for more details | Learn more at Bank of America, N.A., Member FDIC |
Wells Fargo Initiate Business Checking℠ Account | 4.0/5 Best for Branch access | $10.00 Waived with $500 minimum balance | N/A | $0 | |
Live Oak Bank Business Savings Learn more at Live Oak Bank, Member FDIC | 5.0/5 Best for Earning interest | $0 | 4.00% With $0.01 min. balance for APY | $0 | Learn more at Live Oak Bank, Member FDIC |
Relay Business Savings Learn more at Relay, Deposits are FDIC Insured | 3.5/5 Best for Earning interest | $0 | 1.00% With $1 min. balance for APY | $0 | Learn more at Relay, Deposits are FDIC Insured |
nbkc bank Business Money Market Account Learn more at nbkc bank, Member FDIC | 4.5/5 Best for Earning interest | $0 | 2.50% With $0.01 min. balance for APY | $0 | Learn more at nbkc bank, Member FDIC |
First Internet Bank Business Money Market Savings | 4.0/5 Best for Earning interest | $5.00 Waived with $4,000 minimum balance | 3.45% With $0 min. balance for APY | $0 | |
Relay Business Checking Learn more at Relay, Deposits are FDIC Insured | 5.0/5 Best for Cash deposits + No fees | $0 | N/A | $0 | Learn more at Relay, Deposits are FDIC Insured |
Navy Federal Credit Union Business Checking | 4.5/5 Best for Cash deposits | $0 | 0.01% With $0 min. balance for APY | $0 | |
Mercury Business Bank Account Learn more at Mercury, Deposits are FDIC Insured | 4.5/5 Best for No fees | $0 | N/A | $0 | Learn more at Mercury, Deposits are FDIC Insured |
Bank/institution | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
---|---|---|---|---|---|
Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 5.0/5 Best for Online business bank accounts + Earning interest | $0 | 2.00% With $0 min. balance for APY | $0 | Learn more at Bluevine, Deposits are FDIC Insured |
Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC | 5.0/5 Best for Online business bank accounts + Earning interest | $0 | 2.25% With $0 min. balance for APY | $0 | Learn more at Grasshopper Bank, Member FDIC |
Axos Bank® Basic Business Checking Learn more at Axos Bank®, Member FDIC | 5.0/5 Best for Online business bank accounts + Cash deposits | $0 | N/A | $400 Requirements to qualify | Learn more at Axos Bank®, Member FDIC |
nbkc Business Account Learn more at nbkc bank, Member FDIC | 5.0/5 Best for Online business bank accounts + Cash deposits + No fees | $0 | N/A | $0 | Learn more at nbkc bank, Member FDIC |
LendingClub Tailored Checking Learn more at LendingClub Bank, Member FDIC | 5.0/5 Best for Online business bank accounts + Earning interest + Cash deposits | $10.00 Waived with $500 minimum balance | 1.50% With $0 min. balance for APY | $0 | Learn more at LendingClub Bank, Member FDIC |
Chase Business Complete Banking℠ Learn more at Chase, Member FDIC | 5.0/5 Best for Branch access | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC | 4.0/5 Best for Branch access | $0 | N/A | $800 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
Bank of America Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 5.0/5 Best for Branch access + Cash deposits | $16.00 Waived with $5,000 minimum balance | N/A | $200 See offer page for more details | Learn more at Bank of America, N.A., Member FDIC |
Wells Fargo Initiate Business Checking℠ Account | 4.0/5 Best for Branch access | $10.00 Waived with $500 minimum balance | N/A | $0 | |
Live Oak Bank Business Savings Learn more at Live Oak Bank, Member FDIC | 5.0/5 Best for Earning interest | $0 | 4.00% With $0.01 min. balance for APY | $0 | Learn more at Live Oak Bank, Member FDIC |
Relay Business Savings Learn more at Relay, Deposits are FDIC Insured | 3.5/5 Best for Earning interest | $0 | 1.00% With $1 min. balance for APY | $0 | Learn more at Relay, Deposits are FDIC Insured |
nbkc bank Business Money Market Account Learn more at nbkc bank, Member FDIC | 4.5/5 Best for Earning interest | $0 | 2.50% With $0.01 min. balance for APY | $0 | Learn more at nbkc bank, Member FDIC |
First Internet Bank Business Money Market Savings | 4.0/5 Best for Earning interest | $5.00 Waived with $4,000 minimum balance | 3.45% With $0 min. balance for APY | $0 | |
Relay Business Checking Learn more at Relay, Deposits are FDIC Insured | 5.0/5 Best for Cash deposits + No fees | $0 | N/A | $0 | Learn more at Relay, Deposits are FDIC Insured |
Navy Federal Credit Union Business Checking | 4.5/5 Best for Cash deposits | $0 | 0.01% With $0 min. balance for APY | $0 | |
Mercury Business Bank Account Learn more at Mercury, Deposits are FDIC Insured | 4.5/5 Best for No fees | $0 | N/A | $0 | Learn more at Mercury, Deposits are FDIC Insured |
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Our picks for
Online business bank accounts
Bank from anywhere with a fully online business checking account.
Bluevine Business Checking
at Bluevine, Deposits are FDIC Insured
2.00%
With $0 min. balance for APY
$0
$0
No
Fee of up to $4.95 per cash deposit.
$0
$0
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Earn 2.00% interest on account balances up to and including $250,000. Terms apply.
- Access up to $3 million in FDIC insurance with Insured Cash Sweep.
Cons
- Cash deposits limited to $500 per deposit, $2,000 per day. Service fee of up to $4.95 per deposit.
- Fee for using out-of-network ATMs.
- No joint accounts or employee debit cards.
Grasshopper Business Checking Account
at Grasshopper Bank, Member FDIC
2.25%
With $0 min. balance for APY
$0
$100
No
No cash deposits.
$0
$0
Pros
- Unlimited 1% cash back on qualified debit card purchases.
- Earn up to 2.25% APY.
- No monthly fees or overdraft charges.
- Free, built-in bookkeeping software.
Cons
- Can’t deposit cash.
- $100 minimum opening deposit.
- No weekend support.
Axos Bank® Basic Business Checking
at Axos Bank®, Member FDIC
N/A
$0
$0
Yes
Unlimited
$25
$400
Requirements to qualify
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions.
- Automatic refunds of all ATM fees (domestic).
- Cash deposits via MoneyPass and AllPoint ATMs.
- 24/7 customer support.
- Welcome bonus for new customers (terms apply).
Cons
- $25 fee for insufficient funds/uncollected funds returned.
- No third-party app integrations.
nbkc Business Account
at nbkc bank, Member FDIC
N/A
$0
$0
Yes
Unlimited
$0
$0
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft or incidental fees.
- Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
- Cash deposits via MoneyPass ATMs.
- Accept contactless payments via the NBKC app (iOS only). Fees apply.
Cons
- High fee ($45) for international wire transfers.
- No weekend or after-hours customer support.
- No third-party app integrations.
LendingClub Tailored Checking
at LendingClub Bank, Member FDIC
1.50%
With $0 min. balance for APY
$10.00
Waived with $500 minimum balance
$100
Yes
Unlimited
$0
$0
Pros
- Unlimited fee-free transactions; no overdraft fees.
- Earn 1.50% APY on balances up to $100,000 and 0.10% on all balances after that.
- Fee-free ATM access with automatic refund of third-party ATM fees (worldwide).
- Cash deposits via MoneyPass and SUM ATMs.
- Earn unlimited 1% cash back on debit card purchases.
Cons
- $10 monthly fee.
- $100 minimum opening deposit requirement.
- Minimum $500 balance required to earn cash-back rewards and waive monthly fee.
Our picks for
Branch access
Prefer in-person banking? Open a business account with one of these banks and you'll have access to thousands of branch locations across the United States.
Chase Business Complete Banking℠
at Chase, Member FDIC
N/A
$15.00
Waived with $2,000 minimum balance
$0
Yes
Up to $5,000 per month.
$34
$300
Requirements to qualify
Pros
- No minimum opening deposit.
- Unlimited fee-free electronic transactions.
- Integrated credit card processing.
- Welcome bonus for new customers (terms apply).
- No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
Cons
- $15 monthly fee.
- Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
- Fee for using out-of-network ATMs.
U.S. Bank Silver Business Checking
at U.S. Bank, Member FDIC
N/A
$0
$100
Yes
Up to $2,500 per month.
$36
$800
Requirements to qualify
Pros
- No monthly service fee for Silver Business Checking account.
- Business accounts can be opened entirely online.
- Optional payment processing services ranging from mobile apps to in-store payment terminals. Additional fees apply.
- Welcome bonus for new customers (terms apply).
Cons
- Low cash deposit limits.
- Terms and fees are not easily accessible via the bank’s website.
Bank of America Business Advantage Fundamentals™ Banking
at Bank of America, N.A., Member FDIC
N/A
$16.00
Waived with $5,000 minimum balance
$100
Yes
Up to $7,500 per month.
$10
$200
See offer page for more details
Pros
- Fee-free electronic transactions.
- High cash deposit limits.
- Business accounts can be opened entirely online.
Cons
- No free business checking account option.
- $100 minimum opening deposit.
- Fee for using out-of-network ATMs.
Wells Fargo Initiate Business Checking℠ Account
N/A
$10.00
Waived with $500 minimum balance
$25
Yes
Up to $5,000.
$35
$0
Pros
- More branch locations than any bank in the U.S.
- Business accounts can be opened entirely online.
- Extended customer service availability.
Cons
- No free business checking account option.
- Stingy transaction allowance.
- Fees for using out-of-network ATMs.
Our picks for
Earning interest
Let your money earn money with these high-yield business checking and savings accounts, which offer APYs well above the national average (0.45% APY, as of this writing, according to the Federal Deposit Insurance Corp.)
Live Oak Bank Business Savings
at Live Oak Bank, Member FDIC
4.00%
With $0.01 min. balance for APY
$0
$0
N/A
N/A
$0
Pros
- Industry-leading APY.
- No minimum balance to earn interest.
- No monthly fee or minimum deposit.
- Access up to $10 million in FDIC insurance with Insured Cash Sweep.
Cons
- No ATM or debit card access.
- No weekend customer support.
Bluevine Business Checking
at Bluevine, Deposits are FDIC Insured
2.00%
With $0 min. balance for APY
$0
$0
No
Fee of up to $4.95 per cash deposit.
$0
$0
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Earn 2.00% interest on account balances up to and including $250,000. Terms apply.
- Access up to $3 million in FDIC insurance with Insured Cash Sweep.
Cons
- Cash deposits limited to $500 per deposit, $2,000 per day. Service fee of up to $4.95 per deposit.
- Fee for using out-of-network ATMs.
- No joint accounts or employee debit cards.
Relay Business Savings
at Relay, Deposits are FDIC Insured
1.00%
With $1 min. balance for APY
$0
$0
N/A
N/A
$0
Pros
- No monthly fee or minimum opening deposit.
- No minimum balance to earn interest.
- Earns 1.00%-3.00% APY.
Cons
- Tiered interest structure.
- Balance of $1 million needed to unlock the highest rate.
- No ATM or debit card access.
- Only allows internal transfers to a linked Relay Checking account.
nbkc bank Business Money Market Account
at nbkc bank, Member FDIC
2.50%
With $0.01 min. balance for APY
$0
$0
N/A
$0
$0
Pros
- Earns 2.50% 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.
LendingClub Tailored Checking
at LendingClub Bank, Member FDIC
1.50%
With $0 min. balance for APY
$10.00
Waived with $500 minimum balance
$100
Yes
Unlimited
$0
$0
Pros
- Unlimited fee-free transactions; no overdraft fees.
- Earn 1.50% APY on balances up to $100,000 and 0.10% on all balances after that.
- Fee-free ATM access with automatic refund of third-party ATM fees (worldwide).
- Cash deposits via MoneyPass and SUM ATMs.
- Earn unlimited 1% cash back on debit card purchases.
Cons
- $10 monthly fee.
- $100 minimum opening deposit requirement.
- Minimum $500 balance required to earn cash-back rewards and waive monthly fee.
Grasshopper Business Checking Account
at Grasshopper Bank, Member FDIC
2.25%
With $0 min. balance for APY
$0
$100
No
No cash deposits.
$0
$0
Pros
- Unlimited 1% cash back on qualified debit card purchases.
- Earn up to 2.25% APY.
- No monthly fees or overdraft charges.
- Free, built-in bookkeeping software.
Cons
- Can’t deposit cash.
- $100 minimum opening deposit.
- No weekend support.
First Internet Bank Business Money Market Savings
3.45%
With $0 min. balance for APY
$5.00
Waived with $4,000 minimum balance
$100
N/A
N/A
$0
Pros
- High APY.
- No minimum balance to earn interest.
- ATM card access (sole proprietors only).
Cons
- Monthly fee.
- Minimum opening deposit ($100).
Our picks for
Cash deposits
These business bank accounts have no caps or fees for cash deposits — a must for small businesses that deal primarily in cash.
LendingClub Tailored Checking
at LendingClub Bank, Member FDIC
1.50%
With $0 min. balance for APY
$10.00
Waived with $500 minimum balance
$100
Yes
Unlimited
$0
$0
Pros
- Unlimited fee-free transactions; no overdraft fees.
- Earn 1.50% APY on balances up to $100,000 and 0.10% on all balances after that.
- Fee-free ATM access with automatic refund of third-party ATM fees (worldwide).
- Cash deposits via MoneyPass and SUM ATMs.
- Earn unlimited 1% cash back on debit card purchases.
Cons
- $10 monthly fee.
- $100 minimum opening deposit requirement.
- Minimum $500 balance required to earn cash-back rewards and waive monthly fee.
Bank of America Business Advantage Fundamentals™ Banking
at Bank of America, N.A., Member FDIC
N/A
$16.00
Waived with $5,000 minimum balance
$100
Yes
Up to $7,500 per month.
$10
$200
See offer page for more details
Pros
- Fee-free electronic transactions.
- High cash deposit limits.
- Business accounts can be opened entirely online.
Cons
- No free business checking account option.
- $100 minimum opening deposit.
- Fee for using out-of-network ATMs.
Axos Bank® Basic Business Checking
at Axos Bank®, Member FDIC
N/A
$0
$0
Yes
Unlimited
$25
$400
Requirements to qualify