Best Business Bank Accounts for LLCs of October 2025
An LLC bank account keeps your business and personal finances separate. That’s critical for preserving your limited liability protections. Our top choices go further with low fees, useful software or high APYs.
Rosalie Murphy covers small business topics for NerdWallet. Previously, she led editorial strategy for a local news startup and covered business at The Desert Sun. She holds a journalism degree from the University of Southern California and is currently pursuing an MBA.
Rosalie Murphy covers small business topics for NerdWallet. Previously, she led editorial strategy for a local news startup and covered business at The Desert Sun. She holds a journalism degree from the University of Southern California and is currently pursuing an MBA.
Ryan Lane is an editor on the small-business team and a NerdWallet authority on student loans. He spent more than a decade as a writer and editor for student loan guarantor American Student Assistance and was a managing editor for publisher Cell Press. Ryan’s work has been featured by The Associated Press, USA Today and MarketWatch, and he previously co-authored the U.S. News & World Report Student Loan Ranger blog. Email: <a href="mailto:rlane@nerdwallet.com”">rlane@nerdwallet.com</a>.
Ryan Lane is an editor on the small-business team and a NerdWallet authority on student loans. He spent more than a decade as a writer and editor for student loan guarantor American Student Assistance and was a managing editor for publisher Cell Press. Ryan’s work has been featured by The Associated Press, USA Today and MarketWatch, and he previously co-authored the U.S. News & World Report Student Loan Ranger blog. Email: <a href="mailto:rlane@nerdwallet.com”">rlane@nerdwallet.com</a>.
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250+ small-business products reviewed and rated by our team of experts.
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Rosalie Murphy covers small business topics for NerdWallet. Previously, she led editorial strategy for a local news startup and covered business at The Desert Sun. She holds a journalism degree from the University of Southern California and is currently pursuing an MBA.
Rosalie Murphy covers small business topics for NerdWallet. Previously, she led editorial strategy for a local news startup and covered business at The Desert Sun. She holds a journalism degree from the University of Southern California and is currently pursuing an MBA.
Ryan Lane is an editor on the small-business team and a NerdWallet authority on student loans. He spent more than a decade as a writer and editor for student loan guarantor American Student Assistance and was a managing editor for publisher Cell Press. Ryan’s work has been featured by The Associated Press, USA Today and MarketWatch, and he previously co-authored the U.S. News & World Report Student Loan Ranger blog. Email: <a href="mailto:rlane@nerdwallet.com”">rlane@nerdwallet.com</a>.
Ryan Lane is an editor on the small-business team and a NerdWallet authority on student loans. He spent more than a decade as a writer and editor for student loan guarantor American Student Assistance and was a managing editor for publisher Cell Press. Ryan’s work has been featured by The Associated Press, USA Today and MarketWatch, and he previously co-authored the U.S. News & World Report Student Loan Ranger blog. Email: <a href="mailto:rlane@nerdwallet.com”">rlane@nerdwallet.com</a>.
NerdWallet's content is
fact-checked for accuracy, timeliness, and relevance by humans.
It undergoes a thorough review process involving writers and editors to ensure
the information is as clear and complete as possible. Learn more by checking
our
Editorial Guidelines.
Content was accurate at the time of publication.
Why trust NerdWallet
250+ small-business products reviewed and rated by our team of experts.
80+ years of combined experience covering small-business and personal finance.
60+ business bank accounts rated with our objective, comprehensive business bank account rubrics (Methodology).
NerdWallet's business banking content — including our ratings, reviews and recommendations — is produced by a team of writers and editors who specialize in small-business finances. Their journalism has appeared in The Associated Press, Washington Post, MarketWatch, Nasdaq, Entrepreneur, ABC News, MSN and other national and local media outlets. Each writer and editor follows NerdWallet's strict editorial guidelines to ensure fairness and accuracy in our coverage.
Advertiser disclosure
You’re our first priority.
Every time.
We believe everyone should be able to make financial decisions with
confidence. And while our site doesn’t feature every company or
financial product available on the market, we’re proud that the guidance
we offer, the information we provide and the tools we create are
objective, independent, straightforward — and free.
So how do we make money? Our partners compensate us. This may influence
which products we review and write about (and where those products
appear on the site), but it in no way affects our recommendations or
advice, which are grounded in thousands of hours of research. Our
partners cannot pay us to guarantee favorable reviews of their products
or services. Here is a list of our partners .
Unlimited fee-free transactions; no 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.
Account holders are assigned to a dedicated banker or customer support representative.
Bill pay tools and invoicing with built-in payment links.
Cons
No fee-free cash deposits.
Fee for using out-of-network ATMs.
Does not offer jointly-owned accounts.
With no monthly fees and unlimited transactions, Bluevine’s online business checking account is a great option for LLCs that want to manage their finances digitally. This high-yield account also boasts a great APY. One downside: No free cash deposits.
Unlimited fee-free transactions; no 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.
Account holders are assigned to a dedicated banker or customer support representative.
Bill pay tools and invoicing with built-in payment links.
Cons
No fee-free cash deposits.
Fee for using out-of-network ATMs.
Does not offer jointly-owned accounts.
With no monthly fees and unlimited transactions, Bluevine’s online business checking account is a great option for LLCs that want to manage their finances digitally. This high-yield account also boasts a great APY. One downside: No free cash deposits.
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.
American Express's business checking account doesn't support cash deposits at all. But it gets high marks for just about everything else — few fees, a competitive APY, 24/7 customer support and a generous welcome bonus.
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.
American Express's business checking account doesn't support cash deposits at all. But it gets high marks for just about everything else — few fees, a competitive APY, 24/7 customer support and a generous welcome bonus.
No required monthly fee or minimum balance requirement.
Unlimited fee-free transactions; no 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.
Direct integration with Shopify.
Cons
Deposited checks may be held for up to 6-7 business days.
No bill pay feature in the free plan.
This free online banking platform offers unlimited fee-free transactions, has no overdraft fees and includes free incoming wires. Users can create accounts for multiple businesses using the same login information, allowing you to use the same banking platform to manage several different LLCs.
Relay offers direct integration with QuickBooks Online and Xero, plus the ability to connect your account with other popular business tools, including Expensify, Gusto, Plaid and Wise. Beyond that, you can issue up to 50 business debit cards (physical or virtual), which may make it a good choice if any of your LLCs have multiple owners or managers.
No required monthly fee or minimum balance requirement.
Unlimited fee-free transactions; no 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.
Direct integration with Shopify.
Cons
Deposited checks may be held for up to 6-7 business days.
No bill pay feature in the free plan.
This free online banking platform offers unlimited fee-free transactions, has no overdraft fees and includes free incoming wires. Users can create accounts for multiple businesses using the same login information, allowing you to use the same banking platform to manage several different LLCs.
Relay offers direct integration with QuickBooks Online and Xero, plus the ability to connect your account with other popular business tools, including Expensify, Gusto, Plaid and Wise. Beyond that, you can issue up to 50 business debit cards (physical or virtual), which may make it a good choice if any of your LLCs have multiple owners or managers.
Unlimited fee-free electronic and debit card transactions.
Supports Zelle for Business.
Account holders are assigned to a dedicated banker or customer support representative.
Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.
Cons
$100 minimum opening deposit.
Low limit on fee-free cash deposits.
Fee for using out-of-network ATMs.
High overdraft, wire transfer fees.
$1 fee for outgoing domestic ACH transfers.
It's unusual to find a free business checking account from a big brick-and-mortar bank, but that's what you'll get with this U.S. Bank business account. You can open an account online, by phone or in person — U.S. Bank has more than 2,000 branches across 26 states.
Unlimited fee-free electronic and debit card transactions.
Supports Zelle for Business.
Account holders are assigned to a dedicated banker or customer support representative.
Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.
Cons
$100 minimum opening deposit.
Low limit on fee-free cash deposits.
Fee for using out-of-network ATMs.
High overdraft, wire transfer fees.
$1 fee for outgoing domestic ACH transfers.
It's unusual to find a free business checking account from a big brick-and-mortar bank, but that's what you'll get with this U.S. Bank business account. You can open an account online, by phone or in person — U.S. Bank has more than 2,000 branches across 26 states.
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 15,400 Chase ATMs and access to around 4,900 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.
The Chase Business Complete Checking account includes unlimited electronic deposits, offers the opportunity to earn a sign-up bonus and has a low monthly fee. It also gives you the ability to use Chase QuickAccept℠ to accept credit card payments with the Chase mobile app. Plus, if your LLC outgrows the Chase Business Complete Checking account, you have the option to upgrade to the Performance or Platinum Checking accounts.
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 15,400 Chase ATMs and access to around 4,900 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.
The Chase Business Complete Checking account includes unlimited electronic deposits, offers the opportunity to earn a sign-up bonus and has a low monthly fee. It also gives you the ability to use Chase QuickAccept℠ to accept credit card payments with the Chase mobile app. Plus, if your LLC outgrows the Chase Business Complete Checking account, you have the option to upgrade to the Performance or Platinum Checking accounts.
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.
Found's free online business checking account allows you to create and save contractors' tax forms and pay them for their work without turning to dedicated payroll software. Also included: built-in invoicing and tax-planning tools.
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.
Found's free online business checking account allows you to create and save contractors' tax forms and pay them for their work without turning to dedicated payroll software. Also included: built-in invoicing and tax-planning tools.
Unlimited 1% cash back on qualified debit card purchases.
Earn up to 1.55% 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.
Grasshopper Bank’s free business checking account offers up to 1.55% APY and unlimited 1% cash back on debit card purchases, a rare feature among checking accounts. There are no overdraft charges, and the account includes unlimited transactions and free incoming wires. Customers also get free, built-in access to Autobooks, as well as business tools like invoicing and cash management. Grasshopper does not support cash deposits, though.
Unlimited 1% cash back on qualified debit card purchases.
Earn up to 1.55% 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.
Grasshopper Bank’s free business checking account offers up to 1.55% APY and unlimited 1% cash back on debit card purchases, a rare feature among checking accounts. There are no overdraft charges, and the account includes unlimited transactions and free incoming wires. Customers also get free, built-in access to Autobooks, as well as business tools like invoicing and cash management. Grasshopper does not support cash deposits, though.
Unlimited fee-free U.S. dollar transactions; no overdraft fees.
Free domestic and international U.S. dollar wire transfers.
Advanced digital tools including API access to automate and customize your banking.
Unlimited refunds on all domestic ATM fees.
Cons
Can’t deposit cash.
Mercury is not part of a fee-free ATM network.
Mercury’s business bank account is a great option for LLCs that have a large operating budget and a lot of cash to manage. This neobank’s business checking account offers up to $5 million in FDIC insurance coverage through its partner banks, which participate in a sweep network. Companies with at least $500,000 in their Mercury Checking account can also apply for and open a Mercury Treasury account to earn a high APY on idle funds.
Unlimited fee-free U.S. dollar transactions; no overdraft fees.
Free domestic and international U.S. dollar wire transfers.
Advanced digital tools including API access to automate and customize your banking.
Unlimited refunds on all domestic ATM fees.
Cons
Can’t deposit cash.
Mercury is not part of a fee-free ATM network.
Mercury’s business bank account is a great option for LLCs that have a large operating budget and a lot of cash to manage. This neobank’s business checking account offers up to $5 million in FDIC insurance coverage through its partner banks, which participate in a sweep network. Companies with at least $500,000 in their Mercury Checking account can also apply for and open a Mercury Treasury account to earn a high APY on idle funds.
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 checking customers can deposit up to $5,000 per month in cash with bank tellers before fees kick in. Beyond that, users can turn to Allpoint+ ATMs for further fee-free deposits. Capital One customers can also make fee-free cash withdrawals at Capital One, Allpoint and MoneyPass ATMs nationwide.
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 checking customers can deposit up to $5,000 per month in cash with bank tellers before fees kick in. Beyond that, users can turn to Allpoint+ ATMs for further fee-free deposits. Capital One customers can also make fee-free cash withdrawals at Capital One, Allpoint and MoneyPass ATMs nationwide.
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.
Can’t send or receive international wires.
No weekend customer support.
Not available to nonprofit organizations.
No spend controls on employee debit cards.
North One offers a market-leading APY, which you can earn by spending $500 per month on your business debit card. Other than that, it's a straightforward online account. You’ll get unlimited transactions and no overdrafts, but cash deposits are cumbersome.
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.
Can’t send or receive international wires.
No weekend customer support.
Not available to nonprofit organizations.
No spend controls on employee debit cards.
North One offers a market-leading APY, which you can earn by spending $500 per month on your business debit card. Other than that, it's a straightforward online account. You’ll get unlimited transactions and no overdrafts, but cash deposits are cumbersome.
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.
Not available to nonprofit organizations.
No spend controls on employee debit cards.
Lili users can enroll in a credit-building program called BusinessBuild. For a price — $18 per month for three months, then $30 per month — you’ll get a secured credit card. Lili reports card use to Dun & Bradstreet, one of three business credit bureaus. If your personal credit isn’t great, this can be a good way to start to build a credit history for your business without opening a traditional credit card.
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.
Not available to nonprofit organizations.
No spend controls on employee debit cards.
Lili users can enroll in a credit-building program called BusinessBuild. For a price — $18 per month for three months, then $30 per month — you’ll get a secured credit card. Lili reports card use to Dun & Bradstreet, one of three business credit bureaus. If your personal credit isn’t great, this can be a good way to start to build a credit history for your business without opening a traditional credit card.
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.
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.
Can multiple business owners share a business bank account?
If multiple people need access to your business bank account, you can set that up in two ways:
They can jointly own the account. Every owner has full control, including the ability to close the account.
One person can own the account, then add others as authorized users. The owner controls the actions users can take. For instance, an authorized user may not be able to make payments or change contact information.
Of the accounts on our list, American Express, Bluevine, Found and North One do not allow jointly owned accounts.
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.
DBA or fictitious name certificate, if you have one.
Notes from NerdWallet partners
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.
Found is a financial technology company, not a bank. Banking services are provided by Lead Bank, Member FDIC.
Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC.
Last updated on September 24, 2025
Methodology
NerdWallet evaluates more than 50 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 2025, we introduced bonus points for notable built-in software features, like the ability to accept tap-to-pay payments from customers using a mobile app.
Final star ratings are presented on a scale of one to five stars, where 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.
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