Best Business Checking Accounts From Our Partners
Bank/institution | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
---|---|---|---|---|---|
Chase Business Complete Banking® Learn more at Chase, Member FDIC | 4.5/5 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 Sign-up bonus | $0 | N/A | $800 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
Lili Basic Business Checking Learn more at Lili, Deposits are FDIC Insured | 4.3/5 Best for Early access to payments | $0 | N/A | N/A | Learn more at Lili, Deposits are FDIC Insured |
Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 4.5/5 Best for Generous account limits, easy application | $16.00 | N/A | $200 Requirements to qualify | Learn more at Bank of America, N.A., Member FDIC |
Bank/institution | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
---|---|---|---|---|---|
Chase Business Complete Banking® Learn more at Chase, Member FDIC | 4.5/5 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 Sign-up bonus | $0 | N/A | $800 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
Lili Basic Business Checking Learn more at Lili, Deposits are FDIC Insured | 4.3/5 Best for Early access to payments | $0 | N/A | N/A | Learn more at Lili, Deposits are FDIC Insured |
Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 4.5/5 Best for Generous account limits, easy application | $16.00 | N/A | $200 Requirements to qualify | Learn more at Bank of America, N.A., Member FDIC |
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Our pick for
Branch access
Chase Business Complete Banking®
at Chase, Member FDIC
Waived with $2,000 minimum balance
Up to $5,000 per month.
Requirements to qualify
Pros
- No minimum opening deposit.
- Unlimited fee-free electronic 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.
- 24/7 customer support.
- No fees at 16,000 Chase ATMs and access to around 4,700 branches.
Cons
- $15 monthly fee.
- Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
- Fee for using out-of-network ATMs.
- Limit of $5,000 per month in free cash deposits.
Our pick for
Sign-up bonus
U.S. Bank Silver Business Checking
at U.S. Bank, Member FDIC
Up to $2,500 per month.
Requirements to qualify
Pros
- No monthly service fee for Silver Business Checking account.
- Welcome bonus for new customers (terms apply).
- No fees at 4,700 U.S. Bank ATMs and access to 2,900 branches.
- No fees if account is overdrawn by $50 or less.
Cons
- Low cash deposit limits.
- Terms and fees are not easily accessible via the bank’s website.
- Limit of 125 fee-free transactions per month.
- $1 fee for outgoing domestic ACH transfers.
Our pick for
Early access to payments
Lili Basic Business Checking
at Lili, Deposits are FDIC Insured
Fee of up to $4.95 per cash deposit.
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.
Cons
- Fee for using out-of-network ATMs.
- Cash deposits limited to $1,000 per day, $9,000 per month. Service fee of up to $4.95 per deposit.
- No checkbooks; can’t send wire transfers.
- Limits of $2,000 per day or $5,000 per month on incoming ACH transfers. No outgoing wire transfers.
- No bill pay feature in the free plan.
Our pick for
Generous account limits, easy application
Bank of America® Business Advantage Fundamentals™ Banking
at Bank of America, N.A., Member FDIC
Up to $7,500 per statement cycle.
Requirements to qualify
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.
How to compare small-business checking accounts
1. How much will you spend?
- Minimum opening deposit: Some business accounts require a minimum opening deposit, which can range from $0 to $100 (or more) depending on the account.
- ATM fees: Some small-business banks charge $2 to $3 if you use an ATM outside of the bank’s own ATM network. Those fees are on top of any charged by the third-party ATM owner. Other business banks partner with MoneyPass, Allpoint and other massive ATM networks, giving fee-free access to more than 40,000 ATMs nationwide. A handful of business banking accounts will automatically refund some or all of your ATM fees, including those charged by third-party ATM operators. That can be a big bonus for business owners who rely on ATM access.
- Overdraft fees: Dipping into the red on your business checking account can cost anywhere from $10 to $39 in overdraft or non-sufficient funds fees. And some accounts will assess up to six overdraft charges per day if you have multiple items come through. A handful of business checking accounts, including Chase, Axos and Huntington, offer a grace period on overdrafts (up to a certain amount) to give businesses some wiggle room.