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Best Business Checking Accounts of February 2025

Edited by

Ryan Lane

Last updated on February 7, 2025

âś…Fact checked and reviewed
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The best business checking accounts provide core banking services for little to no monthly fee, plus benefits like high APYs, cash back on debit card spending and 24/7 customer support. Compare our top accounts to find the right fit for you.
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Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Best Business Checking Accounts

Best forNerdWallet ratingâ–ĽMonthly feeâ–ĽAPYâ–ĽBonusâ–ĽLearn more

Online banking

Bluevine Business Checking

Learn more

at Bluevine, Deposits are FDIC Insured

5.0/5
$0

1.50%

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

30,000 points

Requirements to qualify

Learn more

at American Express National Bank, Member FDIC

Companies seeking financing

Grasshopper Innovator Business Checking Account

Learn more

at Grasshopper Bank, Member FDIC

4.8/5
$0

1.80%

With $25,000 min. balance for APY

$300

Requirements to qualify

Learn more

at Grasshopper Bank, Member FDIC

Free account at a brick-and-mortar bank

U.S. Bank Silver Business Checking

Learn more

at U.S. Bank, Member FDIC

4.1/5
$0

N/A$500

Requirements to qualify

Learn more

at U.S. Bank, Member FDIC

Brick-and-mortar banking

Chase Business Complete Banking®

Learn more

at Chase, Member FDIC

4.6/5
$15.00

Waived with $2,000 minimum balance

N/A$500

Requirements to qualify

Learn more

at Chase, Member FDIC

Online banking for midsize businesses

Relay Business Checking

Learn more

at Relay, Deposits are FDIC Insured

4.8/5
$0

N/AN/A

Learn more

at Relay, Deposits are FDIC Insured

Online bank with ATM access

Axos Bank® Basic Business Checking

Learn more

at Axos Bank®, Member FDIC

4.7/5
$0

N/A$400

Requirements to qualify

Learn more

at Axos Bank®, Member FDIC

Self-employed business owners

Found Small Business Banking

Learn more

at Found, Deposits are FDIC Insured

4.4/5
$0

N/A$125

Requirements to qualify

Learn more

at Found, Deposits are FDIC Insured

Free wire transfers, cash management

Mercury Business Bank Account

Learn more

at Mercury, Deposits are FDIC Insured

4.6/5
$0

N/AN/A

Learn more

at Mercury, Deposits are FDIC Insured

Low-fee online banking

nbkc Business Account

Learn more

at nbkc bank, Member FDIC

4.6/5
$0

N/AN/A

Learn more

at nbkc bank, Member FDIC

High APY

North One Standard Business Checking

Learn more

at North One, Deposits are FDIC Insured

4.7/5
$0

2.50%

With $0 min. balance for APY

$20

Requirements to qualify

Learn more

at North One, Deposits are FDIC Insured

Discounts, perks on other business services

Bank of America® Business Advantage Fundamentals™ Banking

Learn more

at Bank of America, N.A., Member FDIC

4.4/5
$16.00

$0 for the first 12 statement cycles.

N/AN/A

Learn more

at Bank of America, N.A., Member FDIC

Digital freelancers and side hustlers

QuickBooks Money

Read Review
4.2/5
$0

3.00%

With $0 min. balance for APY

N/A

Read Review
Best forNerdWallet ratingâ–ĽMonthly feeâ–ĽAPYâ–ĽBonusâ–ĽLearn more

Online banking

Bluevine Business Checking

Learn more

at Bluevine, Deposits are FDIC Insured

5.0/5
$0

1.50%

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

30,000 points

Requirements to qualify

Learn more

at American Express National Bank, Member FDIC

Companies seeking financing

Grasshopper Innovator Business Checking Account

Learn more

at Grasshopper Bank, Member FDIC

4.8/5
$0

1.80%

With $25,000 min. balance for APY

$300

Requirements to qualify

Learn more

at Grasshopper Bank, Member FDIC

Free account at a brick-and-mortar bank

U.S. Bank Silver Business Checking

Learn more

at U.S. Bank, Member FDIC

4.1/5
$0

N/A$500

Requirements to qualify

Learn more

at U.S. Bank, Member FDIC

Brick-and-mortar banking

Chase Business Complete Banking®

Learn more

at Chase, Member FDIC

4.6/5
$15.00

Waived with $2,000 minimum balance

N/A$500

Requirements to qualify

Learn more

at Chase, Member FDIC

Online banking for midsize businesses

Relay Business Checking

Learn more

at Relay, Deposits are FDIC Insured

4.8/5
$0

N/AN/A

Learn more

at Relay, Deposits are FDIC Insured

Online bank with ATM access

Axos Bank® Basic Business Checking

Learn more

at Axos Bank®, Member FDIC

4.7/5
$0

N/A$400

Requirements to qualify

Learn more

at Axos Bank®, Member FDIC

Self-employed business owners

Found Small Business Banking

Learn more

at Found, Deposits are FDIC Insured

4.4/5
$0

N/A$125

Requirements to qualify

Learn more

at Found, Deposits are FDIC Insured

Free wire transfers, cash management

Mercury Business Bank Account

Learn more

at Mercury, Deposits are FDIC Insured

4.6/5
$0

N/AN/A

Learn more

at Mercury, Deposits are FDIC Insured

Low-fee online banking

nbkc Business Account

Learn more

at nbkc bank, Member FDIC

4.6/5
$0

N/AN/A

Learn more

at nbkc bank, Member FDIC

High APY

North One Standard Business Checking

Learn more

at North One, Deposits are FDIC Insured

4.7/5
$0

2.50%

With $0 min. balance for APY

$20

Requirements to qualify

Learn more

at North One, Deposits are FDIC Insured

Discounts, perks on other business services

Bank of America® Business Advantage Fundamentals™ Banking

Learn more

at Bank of America, N.A., Member FDIC

4.4/5
$16.00

$0 for the first 12 statement cycles.

N/AN/A

Learn more

at Bank of America, N.A., Member FDIC

Digital freelancers and side hustlers

QuickBooks Money

Read Review
4.2/5
$0

3.00%

With $0 min. balance for APY

N/A

Read Review

I'M INTERESTED IN:

Our pick for

Online banking

Bluevine Business Checking

Read Review
Learn more

at Bluevine, Deposits are FDIC Insured

APY
1.50%

With $0 min. balance for APY

Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

Fees vary by location.

Overdraft fees
$0
Bonus
$300

Requirements to qualify

Our pick for

24/7 customer support

American Express® Business Checking

Read Review
Learn more

at American Express National Bank, Member FDIC

APY
1.30%

With $0 min. balance for APY

Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

No cash deposits.

Overdraft fees
N/A
Bonus
30,000 points

Requirements to qualify

Our pick for

Companies seeking financing

Grasshopper Innovator Business Checking Account

Read Review
Learn more

at Grasshopper Bank, Member FDIC

APY
1.80%

With $25,000 min. balance for APY

Monthly fee
$0
Min. opening deposit
$100
Free cash deposits
No

No cash deposits.

Overdraft fees
$0
Bonus
$300

Requirements to qualify

Our pick for

Free account at a brick-and-mortar bank

U.S. Bank Silver Business Checking

Read Review
Learn more

at U.S. Bank, Member FDIC

APY
N/A
Monthly fee
$0
Min. opening deposit
$100
Free cash deposits
Yes

Up to $2,500 per month.

Overdraft fees
$36
Bonus
$500

Requirements to qualify

Our pick for

Brick-and-mortar banking

Chase Business Complete Banking®

Read Review
Learn more

at Chase, Member FDIC

APY
N/A
Monthly fee
$15.00

Waived with $2,000 minimum balance

Min. opening deposit
$0
Free cash deposits
Yes

Up to $5,000 per month.

Overdraft fees
$34
Bonus
$500

Requirements to qualify

Our pick for

Online banking for midsize businesses

Relay Business Checking

Read Review
Learn more

at Relay, Deposits are FDIC Insured

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
Yes

Unlimited

Overdraft fees
$0
Bonus
N/A

Our pick for

Online bank with ATM access

Axos Bank® Basic Business Checking

Read Review
Learn more

at Axos Bank®, Member FDIC

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
Yes

Unlimited

Overdraft fees
$25
Bonus
$400

Requirements to qualify

Our pick for

Self-employed business owners

Found Small Business Banking

Read Review
Learn more

at Found, Deposits are FDIC Insured

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

$2 fee per deposit

Overdraft fees
$0
Bonus
$125

Requirements to qualify

Our pick for

Free wire transfers, cash management

Mercury Business Bank Account

Read Review
Learn more

at Mercury, Deposits are FDIC Insured

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

No cash deposits.

Overdraft fees
$0
Bonus
N/A

Our pick for

Low-fee online banking

nbkc Business Account

Read Review
Learn more

at nbkc bank, Member FDIC

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
Yes

Unlimited

Overdraft fees
$0
Bonus
N/A

Our pick for

High APY

North One Standard Business Checking

Read Review
Learn more

at North One, Deposits are FDIC Insured

APY
2.50%

With $0 min. balance for APY

Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

NorthOne does not accept cash deposits

Overdraft fees
$5
Bonus
$20

Requirements to qualify

Our pick for

Discounts, perks on other business services

Bank of America® Business Advantage Fundamentals™ Banking

Read Review
Learn more

at Bank of America, N.A., Member FDIC

APY
N/A
Monthly fee
$16.00

$0 for the first 12 statement cycles.

Min. opening deposit
$100
Free cash deposits
Yes

Up to $5,000 per statement cycle.

Overdraft fees
$10
Bonus
N/A

Our pick for

Digital freelancers and side hustlers

QuickBooks Money

Read Review
APY
3.00%

With $0 min. balance for APY

Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

Fees of up to $5.95 may be collected by retailers when depositing cash to your account at their locations.

Overdraft fees
N/A
Bonus
N/A

How we choose the best business checking accounts

NerdWallet evaluates business checking accounts on more than 25 different factors, including:
  • Monthly fees.
  • APY.
  • Transaction limits.
  • Access to ATMs.
  • Access to branches.
  • Cash deposit availability and fees.
  • Overdraft and wire transfer fees.
  • Availability of customer support via phone and live chat.
  • App store rating.
  • Availability of checks.
  • Software features.
We continually reevaluate and update our methodology to reflect evolving industry norms and business owner needs.

What our star ratings mean

Business accounts that earn 5 stars are exceptional. These are best-in-class accounts that deliver the most value for the greatest number of business owners.
Business accounts that earn 4.5 to 4.0 stars are excellent. They deliver terrific value and might be the best choice for your businesses depending on your needs.
Business accounts that earn 4.0 to 4.5 stars are good, and potentially great for business owners with relatively specific needs. But other accounts may offer fewer fees, more features or a better customer experience.
Business checking accounts that earn below 4 stars are lacking important features, have many high fees or both. You can likely find a better option.

Which accounts does NerdWallet rate?

NerdWallet examines dozens of business checking accounts every year to determine our star ratings and top picks, but we do not review all 4,000-plus FDIC-insured banks in the U.S. We focus on the accounts available to the largest number of business owners.
Should you open a business account at your local bank or credit union? These institutions can be great choices if you're looking for the following:
  • A personal, face-to-face relationship with your banker.
  • Highly regarded customer support.
  • Traditional banking services, including checks, wire transfers and bill pay.
  • In the future, a business loan.
However, smaller financial institutions may limit how many transactions you can make each month and tend to charge higher fees than their online counterparts. They may also lack the more developed digital tools of national banks.

Business checking accounts that didn't make our list

The following business accounts didn't make our top picks, but may still make sense for certain businesses.

What is a business checking account?

A business checking account is a secure place to store your company's cash as revenue comes in and expenses go out.
You can spend the money in your business checking account immediately. You can access your funds by withdrawing cash, using a debit card, sending ACH or wire transfers or writing checks.
As a rule, business checking accounts should be FDIC insured up to $250,000. That means, if the bank holding your funds were to fail, the Federal Deposit Insurance Corp. would cover up to $250,000 in lost cash. Some accounts offer even more FDIC insurance coverage through Insured Cash Sweep networks.
Credit unions are similarly insured through the National Credit Union Administration (NCUA). Do not use a checking account that isn't FDIC or NCUA insured.

🤓 Nerdy Tip

Some of the accounts on our list come from financial technology companies or "neobanks," not traditional banks. Neobanks typically partner with FDIC-insured banks; the banks actually hold customers' funds while the fintech companies provide the software experience. If a neobank ever fails, you should still be able to recover your funds — but you may have to deal with frozen accounts, failed transactions or other headaches along the way. Learn more.

Who should get a business checking account?

Anyone who owns a business should have a business checking account. That includes sole proprietors and freelancers. For LLCs, a separate small-business checking account draws a clear line between business and personal expenses — which can help shield your personal assets if your company is sued.
Using a dedicated business bank account for your business income and expenses also helps streamline record-keeping, making it easier to file taxes and gather the financial statements you'll need to apply for business loans. 

How to compare business checking accounts

Here's how to tell if a business checking account is exceptional, average or below average.

1. Fees on banking services

Common fees charged by business bank account providers include the following.