Best LLC business bank accounts
- American Express® Business Checking: Best for 24/7 customer support.
- Axos Bank Basic Business Checking: Best for free ATM withdrawals.
- Bank of America® Business Advantage Fundamentals™ Banking: Best for cash deposits + branch access.
- Bluevine Business Checking: Best for earning interest.
- Chase Business Complete Banking®: Best for payment processing + branch access.
- Grasshopper Business Checking Account: Best for 1% cash back on debit card purchases.
- LendingClub Tailored Checking: Best for free cash deposits.
- Lili Basic Business Checking: Best for early access to payments.
- Live Oak Bank Business Savings: Best business savings account.
- Mercury Business Bank Account: Best business cash management account.
- nbkc bank Business Money Market Account: Best business money market account.
- Novo Business Checking: Best for built-in invoicing.
- Relay Business Checking: Best for multiple accounts.
- U.S. BankSilver Business Package: Best for welcome bonus + branch access.
Best Business Bank Accounts for LLCs From Our Partners
| Best for | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
|---|---|---|---|---|---|
Earning interest Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 4.7/5 | $0 | 2.00% With $0 min. balance for APY | $300 Requirements to qualify | Learn more at Bluevine, Deposits are FDIC Insured |
24/7 customer support American Express® Business Checking Learn more at American Express National Bank, Member FDIC | 5.0/5 | $0 | 1.30% With $0 min. balance for APY | N/A | Learn more at American Express National Bank, Member FDIC |
1% cash back on debit card purchases Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC | 4.5/5 | $0 | 2.00% With $0 min. balance for APY | N/A | Learn more at Grasshopper Bank, Member FDIC |
Welcome bonus + branch access U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC | 4.2/5 | $0 | N/A | $400 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
Payment processing + branch access Chase Business Complete Banking® Learn more at Chase, Member FDIC | 4.5/5 | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
Free ATM withdrawals Axos Bank® Basic Business Checking Learn more at Axos Bank®, Member FDIC | 4.9/5 | $0 | N/A | $400 Requirements to qualify | Learn more at Axos Bank®, Member FDIC |
Multiple accounts Relay Business Checking Learn more at Relay, Deposits are FDIC Insured | 4.9/5 | $0 | N/A | N/A | Learn more at Relay, Deposits are FDIC Insured |
Business money market account nbkc bank Business Money Market Account Learn more at nbkc bank, Member FDIC | 4.5/5 | $0 | 2.75% With $0.01 min. balance for APY | N/A | Learn more at nbkc bank, Member FDIC |
Business savings account Live Oak Bank Business Savings Learn more at Live Oak Bank, Member FDIC | 5.0/5 | $0 | 3.90% With $0.01 min. balance for APY | $400 Requirements to qualify | Learn more at Live Oak Bank, Member FDIC |
Cash deposits + branch access Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 4.5/5 | $16.00 $0 for the first 12 statement cycles. | N/A | $200 Requirements to qualify | Learn more at Bank of America, N.A., Member FDIC |
Built-in invoicing Novo Business Checking Learn more at Novo, Deposits are FDIC Insured | 4.4/5 | $0 | N/A | N/A | Learn more at Novo, Deposits are FDIC Insured |
Early access to payments Lili Basic Business Checking Learn more at Lili, Deposits are FDIC Insured | 4.4/5 | $0 | N/A | $300 Requirements to qualify | Learn more at Lili, Deposits are FDIC Insured |
Business cash management account Mercury Business Bank Account Learn more at Mercury, Deposits are FDIC Insured | 4.1/5 | $0 | N/A | N/A | Learn more at Mercury, Deposits are FDIC Insured |
Free cash deposits LendingClub Tailored Checking | 4.9/5 | $10.00 Waived with $500 minimum balance | 1.50% With $0 min. balance for APY | N/A | |
| Best for | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
|---|---|---|---|---|---|
Earning interest Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 4.7/5 | $0 | 2.00% With $0 min. balance for APY | $300 Requirements to qualify | Learn more at Bluevine, Deposits are FDIC Insured |
24/7 customer support American Express® Business Checking Learn more at American Express National Bank, Member FDIC | 5.0/5 | $0 | 1.30% With $0 min. balance for APY | N/A | Learn more at American Express National Bank, Member FDIC |
1% cash back on debit card purchases Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC | 4.5/5 | $0 | 2.00% With $0 min. balance for APY | N/A | Learn more at Grasshopper Bank, Member FDIC |
Welcome bonus + branch access U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC | 4.2/5 | $0 | N/A | $400 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
Payment processing + branch access Chase Business Complete Banking® Learn more at Chase, Member FDIC | 4.5/5 | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
Free ATM withdrawals Axos Bank® Basic Business Checking Learn more at Axos Bank®, Member FDIC | 4.9/5 | $0 | N/A | $400 Requirements to qualify | Learn more at Axos Bank®, Member FDIC |
Multiple accounts Relay Business Checking Learn more at Relay, Deposits are FDIC Insured | 4.9/5 | $0 | N/A | N/A | Learn more at Relay, Deposits are FDIC Insured |
Business money market account nbkc bank Business Money Market Account Learn more at nbkc bank, Member FDIC | 4.5/5 | $0 | 2.75% With $0.01 min. balance for APY | N/A | Learn more at nbkc bank, Member FDIC |
Business savings account Live Oak Bank Business Savings Learn more at Live Oak Bank, Member FDIC | 5.0/5 | $0 | 3.90% With $0.01 min. balance for APY | $400 Requirements to qualify | Learn more at Live Oak Bank, Member FDIC |
Cash deposits + branch access Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 4.5/5 | $16.00 $0 for the first 12 statement cycles. | N/A | $200 Requirements to qualify | Learn more at Bank of America, N.A., Member FDIC |
Built-in invoicing Novo Business Checking Learn more at Novo, Deposits are FDIC Insured | 4.4/5 | $0 | N/A | N/A | Learn more at Novo, Deposits are FDIC Insured |
Early access to payments Lili Basic Business Checking Learn more at Lili, Deposits are FDIC Insured | 4.4/5 | $0 | N/A | $300 Requirements to qualify | Learn more at Lili, Deposits are FDIC Insured |
Business cash management account Mercury Business Bank Account Learn more at Mercury, Deposits are FDIC Insured | 4.1/5 | $0 | N/A | N/A | Learn more at Mercury, Deposits are FDIC Insured |
Free cash deposits LendingClub Tailored Checking | 4.9/5 | $10.00 Waived with $500 minimum balance | 1.50% With $0 min. balance for APY | N/A |
I'M INTERESTED IN:
Our pick for
Earning interest
Bluevine Business Checking
at Bluevine, Deposits are FDIC Insured
With $0 min. balance for APY
Fees vary by location.
Requirements to qualify
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Earn 2.00% 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.
Our pick for
24/7 customer support
American Express® Business Checking
at American Express National Bank, Member FDIC
With $0 min. balance for APY
No cash deposits.
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.
Our pick for
1% cash back on debit card purchases
Grasshopper Business Checking Account
at Grasshopper Bank, Member FDIC
With $0 min. balance for APY
No cash deposits.
Pros
- Unlimited 1% cash back on qualified debit card purchases.
- Earn up to 2.00% APY.
- No monthly fees or overdraft charges.
- Free, built-in bookkeeping software.
Cons
- Can’t deposit cash.
- $100 minimum opening deposit.
- No weekend support.
Our pick for
Welcome bonus + branch access
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 U.S. Bank and MoneyPass ATMs.
Cons
- Low cash deposit limits.
- Limit of 125 fee-free transactions per month.
- $1 fee for outgoing domestic ACH transfers.
Our pick for
Payment processing + 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.
Our pick for
Free ATM withdrawals
Axos Bank® Basic Business Checking
at Axos Bank®, Member FDIC
Unlimited
Requirements to qualify
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions and free incoming wires.
- Automatic refunds of all ATM fees (domestic).
- Cash deposits via AllPoint ATMs.
- Welcome bonus for new customers (terms apply).
Cons
- $25 fee for insufficient funds/uncollected funds returned.
- No third-party app integrations.
Our pick for
Multiple accounts
Relay Business Checking
at Relay, Deposits are FDIC Insured
Unlimited
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.
Our pick for
Business money market account
nbkc bank Business Money Market Account
at nbkc bank, Member FDIC
With $0.01 min. balance for APY
Up to $2,500 per day via compatible ATMs.
Pros
- Earns 2.75% APY.
- No minimum balance to earn interest.
- No monthly fee or minimum opening deposit.
- Includes checks and an ATM card.
Cons
- High fee ($45) for international wire transfers.
- No weekend or after-hours customer support.
Our pick for
Business savings account
Live Oak Bank Business Savings
at Live Oak Bank, Member FDIC
With $0.01 min. balance for APY
No cash deposits
Requirements to qualify
Pros
- Industry-leading APY.
- No minimum balance to earn interest.
- 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.
Our pick for
Cash deposits + branch access
Bank of America® Business Advantage Fundamentals™ Banking
at Bank of America, N.A., Member FDIC
$0 for the first 12 statement cycles.
Up to $7,500 per statement cycle.
Requirements to qualify
Pros
- No monthly fee for the first 12 statement cycles.
- High cash deposit limits.
- Welcome offer for new accountholders.
- Loyalty perks via Preferred Rewards for Business program.
Cons
- $100 minimum opening deposit.
- Fee for using out-of-network ATMs.
Our pick for
Built-in invoicing
Novo Business Checking
at Novo, Deposits are FDIC Insured
No cash deposits.
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions and free incoming wires.
- Refunds on all ATM fees worldwide.
- Integrates with top business tools, including Xero, Stripe and Shopify.
Cons
- Can’t deposit cash.
- Can’t send domestic or international wires.
- No recurring payments available with bill pay.
- No customer support by phone.
- No bill pay feature.
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.
Requirements to qualify
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.
- Third-party fees for cash deposits (via Green Dot).
- Low monthly limits for cash deposits, incoming ACH transfers.
- Bill pay not included; must upgrade to Lili Smart or higher.
Our pick for
Business cash management account
Mercury Business Bank Account
at Mercury, Deposits are FDIC Insured
No cash deposits.
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Free domestic and international wire transfers.
- Advanced digital tools including API access to automate and customize your banking.
Cons
- Can’t deposit cash.
- Mercury is not part of a fee-free ATM network.
Our pick for
Free cash deposits
LendingClub Tailored Checking
With $0 min. balance for APY
Waived with $500 minimum balance
Unlimited
Pros
- Unlimited fee-free transactions; no overdraft fees.
- Earn 1.50% APY on balances up to $100,000 and 0.10% on all balances after that.
- Fee-free ATM access with automatic refund of third-party ATM fees (worldwide).
- Cash deposits via MoneyPass and SUM ATMs.
- Earn unlimited 1% cash back on debit card purchases.
Cons
- $10 monthly fee.
- $100 minimum opening deposit requirement.
- Minimum $500 balance required to earn cash-back rewards and waive monthly fee.
- Limits of $10,000 on both incoming and outgoing ACH transfers.
ASK OUR NERDY EXPERTS
Use a business bank account for your LLC, period. I recommend that every business owner separate their personal and business finances, but it’s especially important for LLC owners.
Mixing your personal finances with your LLC’s could make it possible for someone to argue that you and your business aren’t actually two separate entities. That could negate the limited liability protections afforded to you as an LLC owner and leave you personally on the hook for things like legal settlements — potentially defeating the purpose of starting your LLC in the first place.
Lead Writer
Use a business bank account for your LLC, period. I recommend that every business owner separate their personal and business finances, but it’s especially important for LLC owners.
Mixing your personal finances with your LLC’s could make it possible for someone to argue that you and your business aren’t actually two separate entities. That could negate the limited liability protections afforded to you as an LLC owner and leave you personally on the hook for things like legal settlements — potentially defeating the purpose of starting your LLC in the first place.
Lead Writer
What is an LLC bank account?
- Makes it easier to maintain your LLC's finances.
- Helps facilitate applying for a business loan when needed.