- 250+ small-business products reviewed and rated by our team of experts.
- 95+ years of combined experience covering small-business and personal finance.
- Objective, comprehensive business bank accounts rubric (Methodology).
Our Nerdy picks for
Best Business Checking Accounts
Bank/institution | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
---|---|---|---|---|---|
Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 4.7/5 Best for High-yield business checking | $0 | 2.00% With $0 min. balance for APY | $0 | Learn more at Bluevine, Deposits are FDIC Insured |
Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC | 4.5/5 Best for Cash back on debit card purchases + interest | $0 | 2.25% With $0 min. balance for APY | $0 | Learn more at Grasshopper Bank, Member FDIC |
Relay Business Checking Learn more at Relay, Deposits are FDIC Insured | 4.7/5 Best for Multiple accounts | $0 | N/A | $0 | Learn more at Relay, Deposits are FDIC Insured |
Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 4.5/5 Best for Branch access + high cash deposit limit | $16.00 | N/A | $0 | Learn more at Bank of America, N.A., Member FDIC |
Chase Business Complete Banking® Learn more at Chase, Member FDIC | 4.5/5 Best for Branch access + overdraft grace period | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
nbkc Business Account Learn more at nbkc bank, Member FDIC | 4.9/5 Best for No fees | $0 | N/A | $0 | Learn more at nbkc bank, Member FDIC |
U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC | 4.0/5 Best for Branch access + sign-up bonus | $0 | N/A | $800 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
Axos Bank® Basic Business Checking Learn more at Axos Bank®, Member FDIC | 5.0/5 Best for Online bank with unlimited ATM access | $0 | N/A | $400 Requirements to qualify | Learn more at Axos Bank®, Member FDIC |
Found Small Business Banking Learn more at Found, Deposits are FDIC Insured | 4.4/5 Best for Online account for freelancers and side hustlers | $0 | N/A | $20 Requirements to qualify | Learn more at Found, Deposits are FDIC Insured |
Lili Basic Business Checking Learn more at Lili, Deposits are FDIC Insured | 4.3/5 Best for Early access to payments | $0 | N/A | $0 | Learn more at Lili, Deposits are FDIC Insured |
LendingClub Tailored Checking Learn more at LendingClub Bank, Member FDIC | 4.9/5 Best for Cash back on debit card purchases + unlimited ATM access | $10.00 Waived with $500 minimum balance | 1.50% With $0 min. balance for APY | $0 | Learn more at LendingClub Bank, Member FDIC |
Novo Business Checking Learn more at Novo, Deposits are FDIC Insured | 4.4/5 Best for Built-in invoicing | $0 | N/A | $0 | Learn more at Novo, Deposits are FDIC Insured |
Mercury Business Bank Account Learn more at Mercury, Deposits are FDIC Insured | 4.1/5 Best for Cash management | $0 | N/A | $0 | Learn more at Mercury, Deposits are FDIC Insured |
Navy Federal Credit Union Business Checking | 4.2/5 Best for Veteran-owned businesses | $0 | 0.01% With $0 min. balance for APY | $0 | |
Wells Fargo Initiate Business Checking℠ Account | 4.0/5 Best for Branch access + business loans | $10.00 Waived with $500 minimum balance | N/A | $0 | |
American Express® Business Checking | 5.0/5 Best for 24/7 customer support + high APY | $0 | 1.30% With $0 min. balance for APY | $0 Requirements to qualify | |
QuickBooks Money | 4.4/5 Best for Built-in invoicing + payment processing | $0 | 5.00% With $0 min. balance for APY | $0 | |
Bank/institution | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
---|---|---|---|---|---|
Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 4.7/5 Best for High-yield business checking | $0 | 2.00% With $0 min. balance for APY | $0 | Learn more at Bluevine, Deposits are FDIC Insured |
Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC | 4.5/5 Best for Cash back on debit card purchases + interest | $0 | 2.25% With $0 min. balance for APY | $0 | Learn more at Grasshopper Bank, Member FDIC |
Relay Business Checking Learn more at Relay, Deposits are FDIC Insured | 4.7/5 Best for Multiple accounts | $0 | N/A | $0 | Learn more at Relay, Deposits are FDIC Insured |
Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 4.5/5 Best for Branch access + high cash deposit limit | $16.00 | N/A | $0 | Learn more at Bank of America, N.A., Member FDIC |
Chase Business Complete Banking® Learn more at Chase, Member FDIC | 4.5/5 Best for Branch access + overdraft grace period | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
nbkc Business Account Learn more at nbkc bank, Member FDIC | 4.9/5 Best for No fees | $0 | N/A | $0 | Learn more at nbkc bank, Member FDIC |
U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC | 4.0/5 Best for Branch access + sign-up bonus | $0 | N/A | $800 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
Axos Bank® Basic Business Checking Learn more at Axos Bank®, Member FDIC | 5.0/5 Best for Online bank with unlimited ATM access | $0 | N/A | $400 Requirements to qualify | Learn more at Axos Bank®, Member FDIC |
Found Small Business Banking Learn more at Found, Deposits are FDIC Insured | 4.4/5 Best for Online account for freelancers and side hustlers | $0 | N/A | $20 Requirements to qualify | Learn more at Found, Deposits are FDIC Insured |
Lili Basic Business Checking Learn more at Lili, Deposits are FDIC Insured | 4.3/5 Best for Early access to payments | $0 | N/A | $0 | Learn more at Lili, Deposits are FDIC Insured |
LendingClub Tailored Checking Learn more at LendingClub Bank, Member FDIC | 4.9/5 Best for Cash back on debit card purchases + unlimited ATM access | $10.00 Waived with $500 minimum balance | 1.50% With $0 min. balance for APY | $0 | Learn more at LendingClub Bank, Member FDIC |
Novo Business Checking Learn more at Novo, Deposits are FDIC Insured | 4.4/5 Best for Built-in invoicing | $0 | N/A | $0 | Learn more at Novo, Deposits are FDIC Insured |
Mercury Business Bank Account Learn more at Mercury, Deposits are FDIC Insured | 4.1/5 Best for Cash management | $0 | N/A | $0 | Learn more at Mercury, Deposits are FDIC Insured |
Navy Federal Credit Union Business Checking | 4.2/5 Best for Veteran-owned businesses | $0 | 0.01% With $0 min. balance for APY | $0 | |
Wells Fargo Initiate Business Checking℠ Account | 4.0/5 Best for Branch access + business loans | $10.00 Waived with $500 minimum balance | N/A | $0 | |
American Express® Business Checking | 5.0/5 Best for 24/7 customer support + high APY | $0 | 1.30% With $0 min. balance for APY | $0 Requirements to qualify | |
QuickBooks Money | 4.4/5 Best for Built-in invoicing + payment processing | $0 | 5.00% With $0 min. balance for APY | $0 |
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Our pick for
High-yield business checking
Bluevine's APY is hard to beat, and users can upgrade for an even higher rate. This online account also offers expanded FDIC insurance, covering up to $3 million instead of the usual $250,000.
Bluevine Business Checking
at Bluevine, Deposits are FDIC Insured
With $0 min. balance for APY
Fees vary by location.
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 37,000 MoneyPass ATMs.
- Free incoming wires and low outgoing wire transfer fees.
- Sub-accounts help users set funds aside for specific purposes.
Cons
- No fee-free cash deposits. Cash deposits at Green Dot locations are capped at $2,000 per day and a service fee of up to $4.95 per deposit applies. At Allpoint ATMs that accept cash, deposits are capped at $5,500 per day and a fee of $1 plus 0.5% of the deposit amount applies.
- Fee for using out-of-network ATMs.
- No joint accounts or employee debit cards.
Our pick for
Cash back on debit card purchases + interest
Online-only bank Grasshopper pays 1% cash back on qualifying debit card purchases and offers a solid APY, which could add up to significant rewards for some businesses.
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 2.25% 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
Multiple accounts
Relay offers a straightforward, free online business banking solution that lets business owners open up to 20 checking accounts and create multiple user roles.
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 Mastercard abroad.
- Free incoming wires and low outgoing wire transfer fees.
Cons
- Phone support only available during business hours.
- Deposited checks are held for up to 6-7 business days.
- No bill pay feature in the free plan.
Our pick for
Branch access + high cash deposit limit
Bank of America stands out for its big branch and ATM network, and its $7,500 monthly cash deposit limit is higher than many of its competitors.
Bank of America® Business Advantage Fundamentals™ Banking
at Bank of America, N.A., Member FDIC
Up to $7,500 per statement cycle.
See offer page for more details
Pros
- Fee-free electronic transactions.
- High cash deposit limits.
- Business accounts can be opened entirely online.
Cons
- No free business checking account option.
- $100 minimum opening deposit.
- Fee for using out-of-network ATMs.
Our pick for
Branch access + overdraft grace period
Chase stands out from other brick-and-mortar banks for its generous overdraft policy: $50 of wiggle room and 24 hours to get your account back in the black before fees kick in.
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.
- Limit of $5,000 per month in free cash deposits.
Our pick for
No fees
NBKC charges remarkably few fees — there's no monthly fee nor a fee on transactions, ATM withdrawals, incoming wires or overdrafts.
nbkc Business Account
at nbkc bank, Member FDIC
Unlimited
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 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.
Our pick for
Branch access + sign-up bonus
U.S. Bank offers a hefty sign-up bonus and no monthly fee, both of which set it apart from other brick-and-mortar options.
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 4,700 U.S. Bank ATMs and access to 2,900 branches.
- No fees if account is overdrawn by $50 or less.
Cons
- Low cash deposit limits.
- Terms and fees are not easily accessible via the bank’s website.
- Limit of 125 fee-free transactions per month.
- $1 fee for outgoing domestic ACH transfers.
Our pick for
Online bank with unlimited ATM access
Axos customers can talk to a human around the clock. Plus, the bank charges no ATM fees and gives unlimited refunds on the fees charged by other ATM operators.
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 MoneyPass and AllPoint ATMs.
- 24/7 customer support.
- Welcome bonus for new customers (terms apply).
Cons
- $25 fee for insufficient funds/uncollected funds returned.
- No third-party app integrations.
Our pick for
Online account for freelancers and side hustlers
Found's bookkeeping, invoicing and tax-planning tools and integration with business apps make it a great choice for solopreneurs.
Found Small Business Banking
at Found, Deposits are FDIC Insured
$2 fee per deposit
Requirements to qualify
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions, no overdraft fees and free incoming domestic wires.
- Free, built-in invoicing, bookkeeping and tax-planning features.
- Integrates with popular business apps, including Stripe, Etsy and PayPal.
Cons
- Phone support only available during business hours.
- Have to open account in your name, not business name, and use your SSN to apply. (Business EIN can be added later.)
- No outgoing wires. Can’t pay by check.
- Cash deposits limited to $2,000 per week; $4,000 per month. A $2 service fee applies.
- No bill pay feature.
Our pick for
Early access to payments
If you do business with certain apps, like Uber or Shopify, you can connect your account with Lili to receive funds up to two days faster. Users can upgrade for additional bookkeeping and tax-planning tools, too.
Lili Basic Business Checking
at Lili, Deposits are FDIC Insured
Fee of up to $4.95 per cash deposit.
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.
- Cash deposits limited to $1,000 per day, $9,000 per month. Service fee of up to $4.95 per deposit.
- No checkbooks; can’t send wire transfers.
- Limits of $2,000 per day or $5,000 per month on incoming ACH transfers. No outgoing wire transfers.
- No bill pay feature in the free plan.
Our pick for
Cash back on debit card purchases + unlimited ATM access
LendingClub offers 1% cash back on all debit card purchases and pays interest, making it a great option for businesses seeking rewards. Plus, users pay no ATM fees and get unlimited reimbursements on those charged by ATM owners.
LendingClub Tailored Checking
at LendingClub Bank, Member FDIC
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.
Our pick for
Built-in invoicing
Novo users can send unlimited invoices and set up automatic bill pay. And while Novo doesn't accept cash deposits, it does offer unlimited refunds on ATM withdrawal fees.
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
Cash management
Mercury users with more than $500,000 on deposit can apply for Mercury Treasury, a cash management account that lets you put funds into securities and money market funds and earn a higher APY. That makes it a competitive choice for startups with cash in the bank.
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
Built-in invoicing + payment processing
QuickBooks Money includes both a business checking account and a payment processor, allowing you to send customers invoices and take their payments without using a third-party service. This can mean faster access to your funds, too.
QuickBooks Money
With $0 min. balance for APY
Fees of up to $5.95 may be collected by retailers when depositing cash to your account at their locations.
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.
Other business checking accounts to consider
- Navy Federal Credit Union Business Checking: Best for veteran-owned businesses.
- Wells Fargo Initiate Business Checking℠ Account: Best for branch access and business loans.
- American Express® Business Checking: Best for 24/7 customer support.
What is a business checking account?
Who should get a small-business checking account?
How to compare small-business checking accounts
1. How much will this business checking account cost?
- Monthly fees: Business checking accounts commonly charge monthly fees of around $15. Most offer to waive this fee if you maintain a certain average balance, make a certain number of transactions each month or both.
- Minimum opening deposit: Some business accounts require a minimum opening deposit, which can range from $0 to $100 (or more) depending on the account.
- ATM fees: Some small-business banks charge $2 to $3 if you use an ATM outside of the bank’s own ATM network. Those fees are on top of any charged by the third-party ATM owner. Other business banks partner with MoneyPass, Allpoint and other massive ATM networks, giving fee-free access to tens of thousands of ATMs nationwide. A handful of business banking accounts will automatically refund some or all of your ATM fees, including those charged by third-party ATM operators. That can be a big bonus for business owners who rely on ATM access.
- Overdraft fees: Dipping into the red on your business checking account can cost anywhere from $10 to $39 in overdraft or non-sufficient funds fees. And some accounts will assess up to six overdraft charges per day if you have multiple items come through. A handful of business checking accounts, including Chase, Axos and Huntington, offer a grace period on overdrafts (up to a certain amount) to give small businesses some wiggle room.
- Wire and ACH transfer fees. Wire transfer fees are common; most customers should expect to pay up to $15 to receive a transfer and up to $40 to send one. If your business relies on wire transfers, consider an account with Mercury or Brex, both of which charge no fees to receive or send. ACH transfers, on the other hand, are often free (except for expedited service).
2. What limits does this account impose?
3. How do you want to access your money?
4. Does the account add value to your business?
🤓 Nerdy Tip
Want to earn more in interest? Consider a business savings account or business money market account for longer-term savings. Some business savings accounts earn more than 4% APY.