Best Business Checking Accounts of January 2026
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APY
N/A
Monthly fee
$0
Bonus
$200
Requirements to qualify
Unlimited transactions
Learn more 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.
Axos Bank® Basic Business Checking
APY
N/A
Monthly fee
$0
Bonus
$200
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.
APY
1.35%
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.
Grasshopper Innovator Business Checking Account
APY
1.35%
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.
Best overall online business checking account
APY
1.30%
With $0 min. balance for APY
Monthly fee
$0
Bonus
$500
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.
Best overall online business checking account
Bluevine Business Checking
APY
1.30%
With $0 min. balance for APY
Monthly fee
$0
Bonus
$500
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.
APY
1.30%
With $0 min. balance for APY
Monthly fee
$0
Bonus
30,000 points
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.
American Express® Business Checking
APY
1.30%
With $0 min. balance for APY
Monthly fee
$0
Bonus
30,000 points
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.
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.
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.
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.
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.
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.
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.
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.
Rho Business Checking
APY
N/A
Monthly fee
$0
Bonus
$350
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.
APY
N/A
Monthly fee
$0
Bonus
$300
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.
- Evolve Bank & Trust and Choice Financial Group, two of Mercury’s banking partners, are currently under federal consent orders.
Mercury Business Bank Account
APY
N/A
Monthly fee
$0
Bonus
$300
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.
- Evolve Bank & Trust and Choice Financial Group, two of Mercury’s banking partners, are currently under federal consent orders.
APY
N/A
Monthly fee
$0
Bonus
$400
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.
U.S. Bank Business Essentials
APY
N/A
Monthly fee
$0
Bonus
$400
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.
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.
Bank of America® Business Advantage Fundamentals™ Banking
APY
N/A
Monthly fee
$16.00
$0 for the first 12 statement cycles.
Bonus
N/A
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.
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
$500
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 15,400 Chase ATMs and access to around 4,900 branches.
- Receive and send payments via Zelle.
Cons
- $15 monthly fee.
- Monthly limit on physical transactions (20).
- Fee for using out-of-network ATMs.
Chase Business Complete Banking®
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
$500
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 15,400 Chase ATMs and access to around 4,900 branches.
- Receive and send payments via Zelle.
Cons
- $15 monthly fee.
- Monthly limit on physical transactions (20).
- Fee for using out-of-network ATMs.
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.
North One Standard Business Checking
APY
2.50%
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.
APY
0.50%
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.
First Internet Bank Do More Business™ Checking
APY
0.50%
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.
APY
2.00%
With $0 min. balance for APY
Monthly fee
$0
Bonus
$125
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.
Found Small Business Banking
APY
2.00%
With $0 min. balance for APY
Monthly fee
$0
Bonus
$125
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.
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.
Lili Basic 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.
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.
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.
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.
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.
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.
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.
APY
N/A
Monthly fee
$12.00
Waived with $500 average monthly balance
Bonus
$400
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.
PNC Business Checking
APY
N/A
Monthly fee
$12.00
Waived with $500 average monthly balance
Bonus
$400
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.
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.
Huntington Business Checking 100
APY
N/A
Monthly fee
$0
Bonus
$1,000
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.
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.
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.
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.
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.
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.
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.
APY
3.00%
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.
Live Oak Bank Business Savings
APY
3.00%
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.
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.
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.
Regions LifeGreen Business Checking
APY
N/A
Monthly fee
$12.00
Waived with $2,500 minimum balance
Bonus
N/A
APY
N/A
Monthly fee
$7.50
Waived with $1,500 minimum balance
Bonus
N/A
Santander Bank Basic Business Checking
APY
N/A
Monthly fee
$7.50
Waived with $1,500 minimum balance
Bonus
N/A
APY
N/A
Monthly fee
$10.00
Waived with $100 minimum balance
Bonus
$600
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.
BMO Simple Business Checking
APY
N/A
Monthly fee
$10.00
Waived with $100 minimum balance
Bonus
$600
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.
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.
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.
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