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 | 5.0/5 Best for High-yield business checking | $0 | 2.00% With $0 min. balance for APY | $0 | Learn more at Bluevine, Deposits are FDIC Insured |
Relay Business Checking Learn more at Relay, Deposits are FDIC Insured | 5.0/5 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 | 5.0/5 Best for Cash deposits (brick-and-mortar) | $16.00 Waived with $5,000 minimum balance | N/A | $200 See offer page for more details | Learn more at Bank of America, N.A., Member FDIC |
Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC | 5.0/5 Best for 1% cash back on debit card purchases | $0 | 2.25% With $0 min. balance for APY | $0 | Learn more at Grasshopper Bank, Member FDIC |
Lili Basic Business Checking Learn more at Lili, Deposits are FDIC Insured | 4.5/5 Best for Early access to payments | $0 | N/A | $0 | Learn more at Lili, Deposits are FDIC Insured |
Chase Business Complete Banking℠ Learn more at Chase, Member FDIC | 5.0/5 Best for Branch access | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
Found Small Business Banking Learn more at Found, Deposits are FDIC Insured | 5.0/5 Best for Freelancers and gig workers | $0 | N/A | $20 Requirements to qualify | Learn more at Found, Deposits are FDIC Insured |
Axos Bank® Basic Business Checking Learn more at Axos Bank®, Member FDIC | 5.0/5 Best for Cash deposits | $0 | N/A | $400 Requirements to qualify | Learn more at Axos Bank®, Member FDIC |
U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC | 4.0/5 Best for Sign-up bonus | $0 | N/A | $800 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
LendingClub Tailored Checking Learn more at LendingClub Bank, Member FDIC | 5.0/5 Best for Cash back | $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 | 4.5/5 Best for Refunds on third-party ATM fees | $0 | N/A | $0 | Learn more at Novo, Deposits are FDIC Insured |
nbkc Business Account Learn more at nbkc bank, Member FDIC | 5.0/5 Best for No-fee business checking account | $0 | N/A | $0 | Learn more at nbkc bank, Member FDIC |
Mercury Business Bank Account Learn more at Mercury, Deposits are FDIC Insured | 4.5/5 Best for Free wire transfers | $0 | N/A | $0 | Learn more at Mercury, Deposits are FDIC Insured |
Navy Federal Credit Union Business Checking | 4.5/5 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 In-person banking | $10.00 Waived with $500 minimum balance | N/A | $0 | |
Huntington Business Checking 100 | 4.0/5 Best for Overdraft grace period | $0 | N/A | $0 | |
American Express® Business Checking | 5.0/5 Best for 24/7 customer support | $0 | 1.30% | $300 Requirements to qualify | |
Oxygen Business Account | 4.5/5 Best for Up to 5% cash back at select merchants | $0 | N/A | $0 | |
Bank/institution | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
---|---|---|---|---|---|
Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 5.0/5 Best for High-yield business checking | $0 | 2.00% With $0 min. balance for APY | $0 | Learn more at Bluevine, Deposits are FDIC Insured |
Relay Business Checking Learn more at Relay, Deposits are FDIC Insured | 5.0/5 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 | 5.0/5 Best for Cash deposits (brick-and-mortar) | $16.00 Waived with $5,000 minimum balance | N/A | $200 See offer page for more details | Learn more at Bank of America, N.A., Member FDIC |
Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC | 5.0/5 Best for 1% cash back on debit card purchases | $0 | 2.25% With $0 min. balance for APY | $0 | Learn more at Grasshopper Bank, Member FDIC |
Lili Basic Business Checking Learn more at Lili, Deposits are FDIC Insured | 4.5/5 Best for Early access to payments | $0 | N/A | $0 | Learn more at Lili, Deposits are FDIC Insured |
Chase Business Complete Banking℠ Learn more at Chase, Member FDIC | 5.0/5 Best for Branch access | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
Found Small Business Banking Learn more at Found, Deposits are FDIC Insured | 5.0/5 Best for Freelancers and gig workers | $0 | N/A | $20 Requirements to qualify | Learn more at Found, Deposits are FDIC Insured |
Axos Bank® Basic Business Checking Learn more at Axos Bank®, Member FDIC | 5.0/5 Best for Cash deposits | $0 | N/A | $400 Requirements to qualify | Learn more at Axos Bank®, Member FDIC |
U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC | 4.0/5 Best for Sign-up bonus | $0 | N/A | $800 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
LendingClub Tailored Checking Learn more at LendingClub Bank, Member FDIC | 5.0/5 Best for Cash back | $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 | 4.5/5 Best for Refunds on third-party ATM fees | $0 | N/A | $0 | Learn more at Novo, Deposits are FDIC Insured |
nbkc Business Account Learn more at nbkc bank, Member FDIC | 5.0/5 Best for No-fee business checking account | $0 | N/A | $0 | Learn more at nbkc bank, Member FDIC |
Mercury Business Bank Account Learn more at Mercury, Deposits are FDIC Insured | 4.5/5 Best for Free wire transfers | $0 | N/A | $0 | Learn more at Mercury, Deposits are FDIC Insured |
Navy Federal Credit Union Business Checking | 4.5/5 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 In-person banking | $10.00 Waived with $500 minimum balance | N/A | $0 | |
Huntington Business Checking 100 | 4.0/5 Best for Overdraft grace period | $0 | N/A | $0 | |
American Express® Business Checking | 5.0/5 Best for 24/7 customer support | $0 | 1.30% | $300 Requirements to qualify | |
Oxygen Business Account | 4.5/5 Best for Up to 5% cash back at select merchants | $0 | N/A | $0 |
I'M INTERESTED IN:
Our pick for
High-yield business checking
Bluevine Business Checking
at Bluevine, Deposits are FDIC Insured
2.00%
With $0 min. balance for APY
$0
$0
No
Fee of up to $4.95 per cash deposit.
$0
$0
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.
Cons
- Cash deposits limited to $500 per deposit, $2,000 per day. Service fee of up to $4.95 per deposit.
- Fee for using out-of-network ATMs.
- No joint accounts or employee debit cards.
Our pick for
Multiple accounts
Relay Business Checking
at Relay, Deposits are FDIC Insured
N/A
$0
$0
Yes
Unlimited
$0
$0
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.
Cons
- Limited phone support. Email support available seven days a week.
- Deposited checks are held for up to 6-7 business days.
Our pick for
Cash deposits (brick-and-mortar)
Bank of America Business Advantage Fundamentals™ Banking
at Bank of America, N.A., Member FDIC
N/A
$16.00
Waived with $5,000 minimum balance
$100
Yes
Up to $7,500 per month.
$10
$200
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
1% cash back on debit card purchases
Grasshopper Business Checking Account
at Grasshopper Bank, Member FDIC
2.25%
With $0 min. balance for APY
$0
$100
No
No cash deposits.
$0
$0
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
Early access to payments
Lili Basic Business Checking
at Lili, Deposits are FDIC Insured
N/A
$0
$0
No
Fee of up to $4.95 per cash deposit.
$0
$0
Pros
- No monthly fees or transaction 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.
Our pick for
Branch access
Chase Business Complete Banking℠
at Chase, Member FDIC
N/A
$15.00
Waived with $2,000 minimum balance
$0
Yes
Up to $5,000 per month.
$34
$300
Requirements to qualify
Pros
- No minimum opening deposit.
- Unlimited fee-free electronic transactions.
- Integrated credit card processing.
- Welcome bonus for new customers (terms apply).
- No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
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
Freelancers and gig workers
Found Small Business Banking
at Found, Deposits are FDIC Insured
N/A
$0
$0
No
No cash deposits.
$0
$20
Requirements to qualify
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Free, built-in invoicing, bookkeeping and tax-planning features.
- Integrates with popular business apps, including Stripe, Etsy and PayPal.
Cons
- Weekend and after-hours support via email only.
- 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 $1,000 per week; $4,000 per month. A $2 service fee applies.
Our pick for
Cash deposits
Axos Bank® Basic Business Checking
at Axos Bank®, Member FDIC
N/A
$0
$0
Yes
Unlimited
$25
$400
Requirements to qualify
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions.
- 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
Sign-up bonus
U.S. Bank Silver Business Checking
at U.S. Bank, Member FDIC
N/A
$0
$100
Yes
Up to $2,500 per month.
$36
$800
Requirements to qualify
Pros
- No monthly service fee for Silver Business Checking account.
- Business accounts can be opened entirely online.
- Optional payment processing services ranging from mobile apps to in-store payment terminals. Additional fees apply.
- Welcome bonus for new customers (terms apply).
Cons
- Low cash deposit limits.
- Terms and fees are not easily accessible via the bank’s website.
Our pick for
Cash back
LendingClub Tailored Checking
at LendingClub Bank, Member FDIC
1.50%
With $0 min. balance for APY
$10.00
Waived with $500 minimum balance
$100
Yes
Unlimited
$0
$0
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.
Our pick for
Refunds on third-party ATM fees
Novo Business Checking
at Novo, Deposits are FDIC Insured
N/A
$0
$0
No
No cash deposits.
$0
$0
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions.
- 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.
Our pick for
No-fee business checking account
nbkc Business Account
at nbkc bank, Member FDIC
N/A
$0
$0
Yes
Unlimited
$0
$0
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft or incidental fees.
- Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
- Cash deposits via MoneyPass ATMs.
- Accept contactless payments via the NBKC app (iOS only). Fees apply.
Cons
- High fee ($45) for international wire transfers.
- No weekend or after-hours customer support.
- No third-party app integrations.
Our pick for
Free wire transfers
Mercury Business Bank Account
at Mercury, Deposits are FDIC Insured
N/A
$0
$0
No
No cash deposits.
$0
$0
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- No fees at Allpoint ATMs.
- Free domestic and international wire transfers.
- Advanced digital tools including API access to automate and customize your banking.
Cons
- Limited phone support. Weekend and after-hours support via email only.
- Can’t deposit cash.
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 in-person banking.
- American Express® Business Checking: Best for 24/7 customer support.
- Oxygen Business Account: Best for up to 5% cash back at select merchants.
- Huntington Business Checking: Best for overdraft grace period.
Who should get a business checking account?
How to compare small-business checking accounts
1. How much will this business checking account cost?
- 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 more than 40,000 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 businesses some wiggle room.
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.