Best Business Checking Accounts of January 2025

at Bluevine, Deposits are FDIC Insured

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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

The Bluevine Business Checking account earns

1.50%

interest on your account balance up to and including $250,000. Terms apply. This free online business checking account continues to add software features alongside core banking services, like unlimited transactions and free ATM access through the MoneyPass network.

One key downside: Bluevine doesn't offer free cash deposits.

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions; no overdraft fees.
Earn 1.50% 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.

Cons

No fee-free cash deposits.
Fee for using out-of-network ATMs.
Does not offer jointly-owned accounts.

Our pick for

24/7 customer support

American Express offers business checking customers a competitive APY, few fees and a sign-up bonus. Plus, you can talk to someone on the phone 24/7.

American Express® Business Checking

5.0

at American Express National Bank, Member FDIC

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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

N/A

There's a lot to like about the American Express Business Checking account, including no monthly fees, a competitive interest rate, 24/7 customer support and a generous welcome bonus:

Earn 30,000 Membership Rewards points. Convert Membership Rewards® points into deposits directly into your American Express®Business Checking account. Other redemption options available. Terms apply.

The only major downside is that you can't deposit cash.

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.
Does not offer jointly owned accounts.
Only one debit card per account.

Our pick for

Online banking for midsize businesses

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

4.8

at Relay, Deposits are FDIC Insured

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APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

Yes

Unlimited

Overdraft fees

$0

Bonus

N/A

Relay’s free online business checking account comes with several features that benefit midsize businesses and rapidly growing startups, including the option to open multiple accounts (up to 20; 10 for sole proprietorships) and the ability to invite team members, assign roles and permissions, and set spending limits.

Relay has no monthly fees, includes unlimited fee-free transactions and free incoming wires, and allows for direct integrations with QuickBooks Online and Xero.

The downside: There's a long hold time for deposited checks (six to seven business days).

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions; no overdraft fees.
Cash deposits via compatible Allpoint ATMs.
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.
Account holders are assigned to a dedicated banker or customer support representative.
Direct integration with Shopify.

Cons

Deposited checks are held for up to 6-7 business days.
No bill pay feature in the free plan.

Our pick for

Companies seeking financing

Online-only bank Grasshopper is an SBA preferred lender and offers a variety of other financing options. Once cash comes in, you'll earn a solid APY on your balance.

Grasshopper Innovator Business Checking Account

4.8

at Grasshopper Bank, Member FDIC

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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

Grasshopper is a good choice for companies seeking fast growth — whether that means maximizing rewards, obtaining financing or both.

Grasshopper Bank’s business checking account pays you two ways: You can earn unlimited 1% cash back on qualified purchases and up to

1.80%

APY on the balance in your account. You also get free, built-in access to Autobooks, as well as business tools like invoicing. The account has no monthly fees or overdraft charges and fee-free access to more than 45,000 ATMs via the MoneyPass and SUM networks (third-party fees may apply outside of these networks).

Beyond that, the bank offers a variety of financing options for companies ready to grow. The negatives: You can't deposit cash and the account requires a $100 minimum opening deposit.

Pros

Unlimited 1% cash back on qualified debit card purchases.
Earn up to 1.80% 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.

Our pick for

Free account at a brick-and-mortar bank

U.S. Bank offers a nice 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

4.1

at U.S. Bank, Member FDIC

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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

A free business checking account from a big brick-and-mortar bank is rare on its own. But U.S. Bank's Silver Business Checking Account ups the ante with a welcome offer:

Earn $500 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q1AFL25 and complete qualifying activities, subject to certain terms and limitations. Offer valid through March 31, 2025. Member FDIC.

The downside: Silver Business Checking has a stingy transaction limit (125 free transactions per statement cycle), especially when compared with similar accounts from competitors — though most of those accounts carry a monthly fee.

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.
Supports Zelle for Business.
Unlimited debit cards.
Account holders are assigned to a dedicated banker or customer support representative.

Cons

Low limit on fee-free cash deposits compared to other brick-and-mortar banks.
Limit of 125 fee-free transactions per month.
$1 fee for outgoing domestic ACH transfers.

Our pick for

Brick-and-mortar banking

Chase is our top-rated brick-and-mortar business checking account. It comes with built-in payment processing plus a generous overdraft policy.

Chase Business Complete Banking®

4.6

at Chase, Member FDIC

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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

Chase Business Complete Checking customers get the best of both worlds: top-notch digital tools, including the ability to accept credit card payments via QuickAccept℠ using the Chase mobile app (associated processing fees apply), alongside one of the largest branch networks in the country.

Chase Business Complete Checking includes unlimited electronic deposits and access to thousands of ATM and branch locations nationwide. Plus, there is a welcome bonus for new customers. Terms apply.

The downsides: The account has a $15 monthly maintenance fee (multiple ways to waive) and caps in-person transactions at 20 per month.

Pros

No minimum opening deposit.
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 16,000 Chase ATMs and access to around 4,700 branches.
Supports Zelle for Business.

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

Online bank with ATM access

Axos charges no ATM fees and gives unlimited refunds on the fees charged by other ATM operators. You can also make deposits at compatible Allpoint+ ATMs with no fees charged by Axos.

Axos Bank® Basic Business Checking

4.7

at Axos Bank®, Member FDIC

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APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

Yes

Unlimited

Overdraft fees

$25

Bonus

$400

Requirements to qualify

Axos Bank’s Basic Business Checking account includes free, unlimited cash deposits via compatible Allpoint+ ATMs, plus free nationwide ATM access with unlimited refunds for fees charged by other banks and ATM operators in the U.S. Axos's free online business account has no monthly fee or minimum opening deposit requirement.

The downside: Unlike some other online business accounts, Axos does charge for overdrafts and returned payments.

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.
Relatively low mobile app ratings.

Our pick for

Discounts, perks on other business services

Bank of America stands out for its big branch and ATM network, and some banking clients qualify for perks like higher rewards rates on business credit cards and discounts on business loans.

Bank of America® Business Advantage Fundamentals™ Banking

4.4

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

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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

This account offers fee-free electronic transactions and you can open an account entirely online. Once you're in, Bank of America rewards loyalty: If your balance is high enough to qualify you for the bank's Preferred Rewards for Business program, you may receive higher rewards rates on business credit cards and discounts on business loan interest rates.

A few downsides: There is a $16 monthly fee after the first 12 statement cycles (though there are multiple ways to avoid it), and you'll pay to use non-Bank of America ATMs.

Pros

No monthly fee for the first 12 statement cycles.
Welcome offer for new accountholders.
Loyalty perks via Preferred Rewards for Business program.
Supports Zelle for Business.
Relatively low overdraft fees ($10 per item, limited to two per day)

Cons

$100 minimum opening deposit.
Fee for using out-of-network ATMs.
$16 monthly fee after introductory period ends.

Our pick for

Self-employed business owners

Found's bookkeeping, invoicing and tax-planning tools and integrations with business apps make it a great choice for solopreneurs.

Found Small Business Banking

4.3

at Found, Deposits are FDIC Insured

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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

Found business checking is a great starter kit for independent contractors and other self-employed workers thanks to its built-in bookkeeping, invoicing and tax-planning tools. You can also use Found to manage contractors, their W-9s and their 1099s. This free business checking account has no monthly fees, overdraft fees or minimum opening deposit.

Potential downsides: Limits on deposits and transfers can be low. And the account is currently only available to businesses with one owner.

Pros

No monthly fees 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 businesses with multiple owners or nonprofit organizations.
No fee-free cash deposits.
Only one physical debit card per account (though users can create up to 20 virtual cards).
No checks.

Our pick for

Low-fee online banking

NBKC charges remarkably few fees — there's no monthly fee nor a fee on transactions, ATM withdrawals, incoming wires or overdrafts.

nbkc Business Account

4.6

at nbkc bank, Member FDIC

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APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

Yes

Unlimited

Overdraft fees

$0

Bonus

N/A

NBKC’s Business Account is a free business checking account with no monthly fees, no minimum balance requirement and no opening deposit requirement. This account includes unlimited transactions, fee-free ATM access through the MoneyPass and Allpoint networks (with the ability to deposit cash) and up to $12 in monthly refunds for ATM fees charged by other banks worldwide.

Additionally, there are no incoming domestic wire fees, overdraft, stop payment or other similar incidental fees with the NBKC business checking account. You’ll only face fees for outgoing domestic wires ($5) and incoming and outgoing international wires ($45).

The downside: NBKC doesn’t offer direct integration with any invoicing or bookkeeping tools, a common feature among online business checking accounts. You can add on Autobooks for $10 per month.

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 and Allpoint ATMs.
Accept contactless payments via the NBKC app (iOS only). Fees apply.
Unlimited debit cards.

Cons

High fee ($45) for international wire transfers.
Phone support only available during business hours.
No third-party app integrations.

Our pick for

Free wire transfers, cash management

Mercury's business checking account can be linked to a cash management account, a financial tool to earn extra-high APYs on your balances.

Mercury Business Bank Account

4.6

at Mercury, Deposits are FDIC Insured

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APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

No

No cash deposits.

Overdraft fees

$0

Bonus

N/A

Mercury's business checking account stands out for its free wire transfers and sophisticated suite of software tools. It’s a good choice for cashless corporations, especially those handling large amounts of money. If you ever do need to withdraw cash, though, you'll get unlimited refunds on ATM fees.

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.
Unlimited refunds on all domestic ATM fees.

Cons

Can’t deposit cash.
Mercury is not part of a fee-free ATM network.

Our pick for

High APY

North One now offers an industry-leading APY as long as you meet activity requirements.

North One Standard Business Checking

4.7

at North One, Deposits are FDIC Insured

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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

North One's

2.50%

APY on balances up to $250,000 could offer a lot of value for small-business owners with cash on hand (terms apply). You'll also get unlimited transactions, and North One reimburses fees for two ATM withdrawals and one cash deposit per month.

What's missing: Ongoing fee-free access to an ATM network, international wire transfers and phone support during evening and weekend hours.

Pros

No monthly fees or excess transaction fees.
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.
No free ATM network, though North One will reimburse up to two ATM fees per month by request. ATM withdrawals limited to $2,000 per day.
Can’t send or receive international wires.
No weekend customer support.
Not available to nonprofit organizations.
No spend controls on employee debit cards.

Our pick for

Cash back on debit card purchases

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

4.8

Add to compare

APY

1.00%

With $0 min. balance for APY

Monthly fee

$10.00

Waived with $500 minimum balance

Min. opening deposit

$100

Free cash deposits

Yes

Unlimited

Overdraft fees

$0

Bonus

N/A

LendingClub Tailored Checking pays you back in two ways: You get unlimited 1% cash back on qualifying debit card purchases (terms apply) and earn

1.00%

APY on balances up to $100,000 and 0.10% APY on all balances after that.

Beyond that, LendingClub Tailored Checking offers unlimited transactions, fee-free ATM access (with the ability to deposit cash) and unlimited reimbursements for ATM fees charged by other banks.

The downside: This account requires a $100 minimum opening deposit and has a $10 monthly maintenance fee (waived with a minimum balance of $500).

Pros

Unlimited fee-free transactions; no overdraft fees.
Earn 1.00% 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

Digital freelancers and side hustlers

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

4.2

Add to compare

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

QuickBooks Money's business checking account has no monthly fee and pays up to 3% APY on funds that customers move into so-called savings "envelopes." It also includes payment processing services. That makes it a solid choice for the owners of new or very small businesses who make most of their transactions online and want to earn interest.

Drawbacks: Stingy cash withdrawal limits and no checks. Choose a different account if you often do business in person.

Pros

Account holders can set money aside for specific purposes and earn 3% APY on it.
Built-in invoicing.
Built-in payment processing, which means same-day availability for some funds.

Cons

Only four free ATM withdrawals per month; $3 per withdrawal after that.
Does not offer jointly owned accounts.
Only one debit card per account.