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Account Account	NerdWallet rating NerdWallet rating	Best for Best for	APY APY	Monthly fee Monthly fee	Bonus Bonus	Learn more Learn more
Bluevine Business Checking	5.0/5 Read expert review	2026 BEST Online Business Checking Account	1.30% With $0 min. balance for APY	$0	$500 Requirements to qualify	Learn more at Bluevine, Deposits are FDIC Insured
American Express® Business Checking	4.8/5 Read expert review	24/7 customer support	1.30%	$0	30,000 Points Requirements to qualify	Learn more at American Express National Bank, Member FDIC
U.S. Bank Business Essentials	4.5/5 Read expert review	Free account at a brick-and-mortar bank	N/A	$0	$400 Requirements to qualify Best free account	Learn more at U.S. Bank, Member FDIC
Chase Business Complete Banking®	4.7/5 Read expert review	2026 BEST Brick-and-mortar Business Checking Account	N/A	$15.00 Waived with $2,000 minimum balance	Earn up to $500 Requirements to qualify	Learn more at Chase, Member FDIC
Relay Business Checking	4.8/5 Read expert review	Managing multiple LLCs	N/A	$0	N/A	Learn more at Relay, Deposits are FDIC Insured
Grasshopper Innovator Business Checking Account	5.0/5 Read expert review	1% cash back on debit card purchases	1.35% With $25,000 min. balance for APY	$0	$300 Requirements to qualify Best for Cash back	Learn more at Grasshopper Bank, Member FDIC
Capital One Business Basic Checking®	4.2/5 Read expert review	Businesses that handle cash	N/A	$15.00 Waived with $2,000 minimum balance	$500 Requirements to qualify	Learn more at Capital One, Member FDIC
Mercury Business Account	4.5/5 Read expert review	Companies with cash reserves	N/A	$0	$300 Requirements to qualify	Learn more at Mercury, Deposits are FDIC Insured
Found Small Business Banking	4.5/5 Read expert review	Managing payments to contractors	2.00% Terms Apply¹	$0 None Required*	$125 Bonus Terms Apply²	Learn more at Lead Bank, Deposits are FDIC Insured
Lili Core Business Checking	4.3/5 Read expert review	Building your business credit	N/A	$0	N/A	Learn more at Lili, Deposits are FDIC Insured

Nerdwallet best-of awards

2026 BEST Online Business Checking Account

Bluevine Business Checking

Best for Online banking

5.0

Read expert review

APY

1.30%

With $0 min. balance for APY

Monthly fee

$0

Bonus

$500

Requirements to qualify

Learn more

at Bluevine, Deposits are FDIC Insured

Pros

No required 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.

American Express® Business Checking

Best for 24/7 customer support

4.8

Read expert review

APY

1.30%

Monthly fee

$0

Bonus

30,000 Points

Requirements to qualify

Learn more

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 on eligible business debit card purchases.

Cons

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

U.S. Bank Business Essentials

Best for Free account at a brick-and-mortar bank

4.5

Read expert review

APY

N/A

Monthly fee

$0

Bonus

$400

Requirements to qualify

Best free account

Learn more

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

$25 minimum opening deposit.
Fee for using out-of-network ATMs.
High overdraft, wire transfer fees.
$1 fee for outgoing domestic ACH transfers.

Nerdwallet best-of awards

2026 BEST Brick-and-mortar Business Checking Account

Chase Business Complete Banking®

Best for Brick-and-mortar banking

4.7

Read expert review

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

Earn up to $500

Requirements to qualify

Learn more

at Chase, Member FDIC

Pros

Welcome bonus for new customers (terms apply).
Unlimited fee-free electronic and debit card transactions.
No fee on cash deposits at Chase ATMs.
Overdraft grace period/amount (24 hours and up to $50).
Built-in invoicing and Zelle for Business.
Accept credit card payments using the Chase mobile app.

Cons

$15 monthly service fee.
Fee for using out-of-network ATMs, no ATM fee refunds.
High overdraft, wire transfer fees.
Does not earn interest.

Relay Business Checking

Best for Managing multiple LLCs

4.8

Read expert review

APY

N/A

Monthly fee

$0

Bonus

N/A

Learn more

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.

Grasshopper Innovator Business Checking Account

Best for 1% cash back on debit card purchases

Grasshopper Innovator Business Checking Account

5.0

Read expert review

APY

1.35%

With $25,000 min. balance for APY

Monthly fee

$0

Bonus

$300

Requirements to qualify

Best for Cash back

Learn more

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.

Capital One Business Basic Checking®

Best for Businesses that handle cash

4.2

Read expert review

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

$500

Requirements to qualify

Learn more

at Capital One, Member FDIC

Pros

No minimum opening deposit.
Unlimited fee-free digital transactions.
No fees at more than 70,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
No fee on cash deposits at Capital One and select Allpoint ATMs.

Cons

$15 monthly service fee.
High overdraft, wire transfer fees.
Invoicing, payment processing not included.

Mercury Business Account

Best for Companies with cash reserves

4.5

Read expert review

APY

N/A

Monthly fee

$0

Bonus

$300

Requirements to qualify

Learn more

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.
Choice Financial Group, one of Mercury’s banking partners, is currently under a federal consent order.

Found Small Business Banking

Best for Managing payments to contractors

4.5

Read expert review

APY

2.00%

Terms Apply¹

Monthly fee

$0

None Required*

Bonus

$125

Bonus Terms Apply²

Learn more

at Lead Bank, Deposits are FDIC Insured

Pros

No required monthly fee*, minimum opening deposit, excess transaction or overdraft fees.
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.
Subscription required to earn interest.

Lili Core Business Checking

Best for Building your business credit

4.3

Read expert review

APY

N/A

Monthly fee

$0

Bonus

N/A

Learn more

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.

🧾 Important product updates

August 2026: We removed North One Standard Business Checking from this page. We previously listed it as our top pick for a high APY. But this account appears to no longer be available, with the North One website now redirecting to Relay.

Does your LLC need a business bank account?

Yes, definitely. Having a business checking account helps your LLC establish a separation between your business and personal finances. That's necessary to maintain a legal distinction between the business and its owners.

Mixing your personal and business assets can “pierce the corporate veil.” That means a lawyer could argue that your LLC wasn’t actually a separate entity — instead it was directly connected to your personal finances. That could cancel out your limited liability protections. If you’re sued or your business goes under, your personal assets could be on the line.

» FROM OUR NEWSLETTER: An LLC isn’t an invisibility cloak. Here’s what it can do, though

A bank account should also make bookkeeping and tax filing easier. Some accounts, like Relay, let you categorize expenses and attach receipts for your records. Then you can sync that information with your accounting software.

Do you need multiple bank accounts?

If you have multiple LLCs, you should open a checking account for each one.

These online banks let LLC owners open several accounts using the same login. That means you can toggle between accounts on the same online dashboard, but the funds are still separate:

A single LLC may have several business bank accounts. You might have multiple checking accounts, like a specific account for payroll. (Creating sub-accounts, if your bank allows them, can help with that too.)

There are also other types of business accounts. For example, if you have extra cash and want to earn more interest on it, consider moving it to a business savings account.

Yes. In fact, if your LLC has several owners, most business banks default to a jointly owned business account. That means every owner has equal access to the account. Here’s what to know about opening a joint business account with your partners, including potential pitfalls.

Of the accounts on our list, American Express, Bluevine, Found and North One do not allow jointly owned accounts.

If you pick one of those institutions and multiple people need access to your business bank account, here’s how to set that up:

One person opens the account.
That person adds other owners and managers as authorized users.
The account owner sets permissions for what every authorized user can do.

What authorized users can do varies widely. Bluevine, for instance, has five possible user roles. On the low end, employees can only use their own debit or credit cards and see limited activity. On the high end, company administrators can do everything except sign checks for deposit and close the account.

What you need to open a business bank account

Even if you formed an LLC for privacy reasons, you'll have to provide your ID to open an account. Banks have to collect personal information from business owners because of anti-money laundering regulations. You can't open a business bank account with only an EIN and no personal identification.

Everyone with at least 25% ownership in your business will need to provide the following:

Name.
Date of birth.
Social Security number.
Address.
Phone number.
Government-issued photo ID.

And you’ll need these facts and documents for your business:

Business name.
Address and website.
Annual revenue.
Industry.
Date the company was established.
Articles of organization or certificate of formation.
LLC operating agreement.
Business license.
Business tax ID or employer identification number.
DBA or fictitious name certificate, if you have one.

Note on American Express® Business Checking: At Allpoint® and MoneyPass® locations in the U.S., you can withdraw cash and get balance information with no fee. Access to ATMs outside of the Allpoint® and MoneyPass® networks are subject to fees by the ATM owner and/or network. ATM withdrawal limits apply. American Express applies foreign exchange fees to withdrawals in foreign currencies. American Express does not accept ATM cash deposits into your Business Checking account at this time. Visit americanexpress.com/atm-locator to find participating ATMs in the U.S.

Relay is a financial technology company, not a bank. Banking services provided by Thread Bank, Member FDIC. The Relay Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.

Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.

Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC.

Notes on Found: Found is a financial technology company, not a bank. Banking services are provided by Lead Bank, Member FDIC. The funds in your account are FDIC insured up to $250,000 per depositor for each account ownership category. FDIC insurance only covers the failure of an FDIC-insured depository institution.

*Found's core features are free. Optional subscriptions to Found Plus for $35/month or $315/year or Found Pro for $80/month or $720/year. There are no monthly account maintenance fees, but other fees such as transactional fees for wires, instant transfers, and ATM apply. Read Found Fee Schedule.

¹Customers who have signed up for an account after Nov. 1, 2025 will earn a bonus equal to 2.00% Annual Percentage Yield on the portion of their account balance up to $20,000 for a given month only if they spend $5,000 in qualifying debit card transactions during the month and satisfy other eligibility requirements as described in the Card Spend Bonus Terms. No bonus will be earned on the portion of account balances over $20,000.

²Welcome offer: Earn $125 when you deposit $5,000 within the first 30 days of account creation and maintain it for another 30 days. Offer valid until 12/31/26. Terms Apply.

To view rates and fees of The American Express Blue Business Cash™ Card, see this page.

To view rates and fees of The Blue Business® Plus Credit Card from American Express, see this page.

To view rates and fees of the American Express® Business Gold Card, see this page.

Last updated on January 5, 2026

Methodology

NerdWallet’s writers and editors evaluate more than 60 business bank accounts from national, regional and online banks. Collectively, these accounts represent the largest banks by assets and the largest credit unions by membership, along with notable and emerging fintech companies and online banks.

We consider more than 20 data points for each account, including services, fees, features and rewards. We gather this information from rates and fees documents, deposit account agreements, financial institution websites and company representatives.

Our editorial team regularly reviews and updates our data to ensure consistency and accuracy. We also update our scoring on an ongoing basis to reflect changing industry norms and business owner needs. For instance, in 2026, we adjusted our expectations for APYs due to falling interest rates.

Final ratings range from one to five stars. A five-star score represents the best available product for the largest number of business owners. Learn more about how we rate business checking accounts.

Meet the editorial team

Rosalie Murphy

Lead Writer & Content Strategist | Small business, business banking, business credit cards

Rosalie Murphy has covered small-business banking, credit cards, insurance and lending at NerdWallet since 2021. She writes and edits the Starting Small newsletter, and her reporting has appeared in publications like the Associated Press, MarketWatch and Nasdaq. Rosalie is an MBA candidate at Kent State University and has a bachelor's degree in journalism from the University of Southern California.

Best Business Bank Accounts for LLCs of August 2026

Bluevine Business Checking

Best for Online banking

Bluevine Business Checking

Best for Online banking

American Express® Business Checking

Best for 24/7 customer support

American Express® Business Checking

Best for 24/7 customer support

U.S. Bank Business Essentials

Best for Free account at a brick-and-mortar bank

U.S. Bank Business Essentials

Best for Free account at a brick-and-mortar bank

Chase Business Complete Banking®

Best for Brick-and-mortar banking

Chase Business Complete Banking®

Best for Brick-and-mortar banking

Relay Business Checking

Best for Managing multiple LLCs

Relay Business Checking

Best for Managing multiple LLCs

Grasshopper Innovator Business Checking Account

Best for 1% cash back on debit card purchases

Grasshopper Innovator Business Checking Account

Best for 1% cash back on debit card purchases

Capital One Business Basic Checking®

Best for Businesses that handle cash

Capital One Business Basic Checking®

Best for Businesses that handle cash

Mercury Business Account

Best for Companies with cash reserves

Mercury Business Account

Best for Companies with cash reserves

Found Small Business Banking

Best for Managing payments to contractors

Found Small Business Banking

Best for Managing payments to contractors

Lili Core Business Checking

Best for Building your business credit

Lili Core Business Checking

Best for Building your business credit

Does your LLC need a business bank account?

Do you need multiple bank accounts?

Can multiple business owners share a business bank account?

What you need to open a business bank account

Methodology