Best Bank Accounts for Freelancers, Self-Employed of December 2024

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.
• Free incoming wires and low outgoing wire transfer fees.

Cons

• Fee for 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.

Pros

• Unlimited 1% cash back on qualified debit card purchases.
• Earn up to 1.80% APY.
• No monthly fees or overdraft charges.
• Free, built-in bookkeeping software.

Cons

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

Pros

• No monthly fees 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 apps, including Stripe, Etsy and PayPal.

Cons

• No weekend or after-hours phone support.
• Only available to single-owner businesses.
• Low check and cash deposit limits; fee for cash deposits.

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.

Pros

• No monthly fees or minimum opening deposit.
• Unlimited fee-free transactions; no overdraft fees.
• Cash deposits via compatible AllPoint ATMs.
• Automatic transfers to high-yield business savings earning up to 3.00% APY.
• No foreign transaction fees when you use your Relay Visa® Debit abroad.
• Free incoming wires and low outgoing wire transfer fees.

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.

Cons

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

Pros

• Industry-leading APY.
• Earn interest on balances of $0.01 and higher.
• 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.

Pros

• Account holders can set money aside for specific purposes and earn 5% APY on it.
• Built-in invoicing.
• Built-in payment processing, which means same-day availability for some funds.

Cons

• No check writing.
• Only four free ATM withdrawals per month; $3 per withdrawal after that.