Best Bank Accounts for Freelancers, Self-Employed of June 2025

Pros

• No monthly fees or minimum opening deposit.
• Unlimited fee-free transactions; no overdraft fees.
• Earn 1.50% 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.
• Account holders are assigned to a dedicated banker or customer support representative.

Cons

• No fee-free cash deposits.
• Fee for using out-of-network ATMs.
• Does not offer jointly-owned accounts.

Pros

• No monthly fees or minimum opening deposit.
• No excess transaction fees and no charge for domestic incoming wires.
• Earn 1.30% APY on balances up to $500,000.
• 24/7 customer support.
• No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.

Cons

• Can’t deposit cash.
• No outgoing international wire transfers.
• Does not offer jointly owned accounts.

Pros

• Unlimited 1% cash back on qualified debit card purchases.
• Earn up to 1.80% APY.
• No monthly fees, transaction fees or overdraft charges.
• Free, built-in bookkeeping and invoicing software.
• Free incoming domestic wires; low fees on other wire transfers.

Cons

• Can’t deposit cash.
• $100 minimum opening deposit.
• No weekend support.

Pros

• No required monthly fee or minimum opening deposit.
• No excess transaction fees or overdraft fees; free incoming domestic wires.
• Free, built-in invoicing, bookkeeping and tax-planning features.
• Integrates with popular business and gig work apps, including Stripe, DoorDash, Uber, Etsy and PayPal.
• Account holders are assigned to a dedicated banker or customer support representative.
• Built-in payroll features for contractors.

Cons

• No weekend or after-hours phone support.
• Not available to partnerships or nonprofit organizations.
• No fee-free cash deposits.

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.
• 24/7 customer support.
• No fees at 16,000 Chase ATMs and access to around 4,700 branches.
• Supports Zelle for Business.

Cons

• $15 monthly fee.
• Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
• Fee for using out-of-network ATMs.

Pros

• No monthly fees or minimum opening deposit.
• Unlimited fee-free transactions; no overdraft fees.
• Cash deposits via compatible Allpoint ATMs.
• 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.
• Account holders are assigned to a dedicated banker or customer support representative.
• Direct integration with Shopify.

Cons

• Deposited checks are held for up to 6-7 business days.
• No bill pay feature in the free plan.

Pros

• No monthly fees or minimum opening deposit.
• Unlimited fee-free transactions, no overdraft fees and free incoming domestic wires.
• 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

• High fee ($45) for international wire transfers.
• Phone support only available during business hours.
• No third-party app integrations.

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.
• Low monthly limits for cash deposits, incoming ACH transfers.
• Bill pay not included; must upgrade to Lili Smart or higher.
• Not available to nonprofit organizations.
• No spend controls on employee debit cards.

Pros

• No monthly fees or minimum opening deposit.
• Unlimited fee-free transactions; no 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.

Cons

• No cash deposits.
• $15 fee for incoming wires.

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.
• Direct integration with Shopify, Etsy and Amazon.
• Account holders are assigned to a dedicated banker or customer support representative.

Cons

• Low cash deposit limits ($1,500 per day, $5,000 per month). Service fee of up to $4.95 per deposit.
• No free ATM network, though North One will reimburse up to two ATM fees per month by request. ATM withdrawals limited to $2,000 per day.
• Can’t send or receive international wires.
• No weekend customer support.
• Not available to nonprofit organizations.
• No spend controls on employee debit cards.