- Best online business checking account:American Express® Business Checking.
- Best brick-and-mortar business checking account:Chase Business Complete Banking®.
- Best high-yield business checking account:Bluevine Business Checking.
Sponsored partner picks for
Best Business Checking Accounts
Best for | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
---|---|---|---|---|---|
High-yield business checking Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 4.7/5 | $0 | 1.50% With $0 min. balance for APY | $300 Requirements to qualify | Learn more at Bluevine, Deposits are FDIC Insured |
Online business checking account 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 |
Competitive APY + cash back 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 |
Sign-up bonus 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 |
Brick-and-mortar business checking account 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 |
Online bank with ATM deposits, 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 | $200 Requirements to qualify | Learn more at Relay, Deposits are FDIC Insured |
Businesses that often handle cash 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 |
Low fees on banking services nbkc Business Account Learn more at nbkc bank, Member FDIC | 4.9/5 | $0 | N/A | N/A | Learn more at nbkc bank, Member FDIC |
Freelancers and self-employed workers 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 |
Cash management Rho Business Checking Learn more at Rho, Member FDIC | 4.1/5 | $0 | N/A | $500 Requirements to qualify | Learn more at Rho, Member FDIC |
Cash back on debit card purchases LendingClub Tailored Checking | 4.9/5 | $10.00 Waived with $500 minimum balance | 1.50% With $0 min. balance for APY | N/A | |
Built-in payment processing QuickBooks Money | 4.2/5 | $0 | 5.00% With $0 min. balance for APY | N/A | |
Best for | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
---|---|---|---|---|---|
High-yield business checking Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 4.7/5 | $0 | 1.50% With $0 min. balance for APY | $300 Requirements to qualify | Learn more at Bluevine, Deposits are FDIC Insured |
Online business checking account 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 |
Competitive APY + cash back 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 |
Sign-up bonus 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 |
Brick-and-mortar business checking account 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 |
Online bank with ATM deposits, 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 | $200 Requirements to qualify | Learn more at Relay, Deposits are FDIC Insured |
Businesses that often handle cash 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 |
Low fees on banking services nbkc Business Account Learn more at nbkc bank, Member FDIC | 4.9/5 | $0 | N/A | N/A | Learn more at nbkc bank, Member FDIC |
Freelancers and self-employed workers 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 |
Cash management Rho Business Checking Learn more at Rho, Member FDIC | 4.1/5 | $0 | N/A | $500 Requirements to qualify | Learn more at Rho, Member FDIC |
Cash back on debit card purchases LendingClub Tailored Checking | 4.9/5 | $10.00 Waived with $500 minimum balance | 1.50% With $0 min. balance for APY | N/A | |
Built-in payment processing QuickBooks Money | 4.2/5 | $0 | 5.00% With $0 min. balance for APY | N/A |
I'M INTERESTED IN:
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.
Requirements to qualify
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.
- 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
Online business checking account
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
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
Competitive APY + cash back
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
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
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
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
Brick-and-mortar business checking account
Chase is our top-rated brick-and-mortar business checking account. It comes with built-in payment processing plus a 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®
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
Online bank with ATM deposits, withdrawals
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
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 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
Unlimited
Requirements to qualify
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
Businesses that often handle cash
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
$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
Low fees on banking services
NBKC charges remarkably few fees — there's no monthly fee nor a fee on transactions, ATM withdrawals, incoming wires or overdrafts.
nbkc Business Account
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 and Allpoint 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
Freelancers and self-employed workers
Found's bookkeeping, invoicing and tax-planning tools and integrations with business apps make it a great choice for solopreneurs.
Found Small Business Banking
$2 fee per deposit
Requirements to qualify
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 apps, including Stripe, Etsy and PayPal.
Cons
- No weekend or after-hours phone support.
- Only available to single-owner businesses.
- Low check and cash deposit limits; fee for cash deposits.
Our pick for
Cash management
Rho's business checking account can be linked to a cash management account, a financial tool to earn extra-high APYs on your balances.
Rho Business Checking
Requirements to qualify
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions.
- Free domestic wires, same-day ACH transfers.
- No charge for international wires (third-party fees may apply).
Cons
- No cash deposits or ATM access.
- Not available to sole proprietors.
- Long hold time for deposited checks.
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
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 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.
- Monthly fees.
- APY.
- Transaction limits.
- Access to ATMs.
- Access to branches.
- Cash deposit limits and fees.
- Availability of customer support via phone and live chat.
- App store rating.
- Availability of checks.
What our star ratings mean
- 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.
- Brex Business Account:4.4stars. Brex is a great cash management account option. It's not included in our top picks for businesses, though, because it's only available to a small number of them — venture-backed startups or mid-market companies with annual revenue in the millions. More businesses can take advantage of similar tools with Rho.
- Novo Business Checking:4.4stars. Novo's bare-bones online account is still a good choice for solopreneurs and small, online-only companies. But its standout feature — invoicing — is also offered by Grasshopper, Found and QuickBooks Money, both of which include additional perks for free (like bookkeeping tools and built-in payment processing).
- Lili Basic Business Checking:4.4stars. Lili has tools to help freelancers with tasks like tax planning and bookkeeping. Unfortunately, you'll have to pay a monthly fee to access most of them. Found offers a similar suite of features for free.
- Mercury Business Bank Account:4.1stars. Mercury is in the cash management account family alongside Rho and Brex, and like both, it's a solid product. Rho has a slight edge, though, thanks to its 24/7 customer support on weekdays.
- NorthOne Standard Business Checking:4.1stars. Instant deposits from platforms like Amazon, Etsy, Shopify and Square make this online account worth a look for e-commerce sellers. But NorthOne is less valuable if you also deal with cash, as the account lacks fee-free access to an ATM network. Take a look at Lili and QuickBooks Money as alternatives — both offer early access to some payments, plus fee-free access to some ATMs.
- Navy Federal Credit Union Business Checking: 4.2 stars. Navy Federal Credit Union is a great choice for veteran-owned businesses, given its 24/7 customer service and unlimited cash deposits. But if all of your business's owners don't qualify for membership, this won't be an option for you.
- CitiBusiness® Streamlined Checking:4stars. This account stands out for high fee-free cash deposit and transaction limits, but Citi has a relatively small footprint — and you have to visit a branch to sign up. If you don’t live in an area served by Citi, Bank of America is a good alternative. BofA’s $7,500 fee-free cash deposit limit rivals Citi's $10,000 limit, and you’ll get unlimited electronic transactions and 200 in-person fee-free transactions.
- Capital One Business Basic Checking®:4stars. This account offers unlimited transactions, which is rare among brick-and-mortar banks, but it’s only available in limited markets. If you value that flexibility but don't live in one of the eight states (plus Washington, D.C.) served by Capital One, consider an online business bank account. Bluevine, for instance, offers unlimited transactions plus interest on the funds in your account.
- BMO Simple Business Checking:4stars. The biggest selling point for BMO’s entry-level account is its $10 monthly fee, which you can waive with a monthly balance of just $100. That’s cheap for in-person banking. But U.S. Bank is cheaper, offering an account with no monthly maintenance fee. Neither option’s features are especially generous otherwise (especially when it comes to transactions), but U.S. Bank at least includes a hefty sign-up bonus.
- Wells Fargo Initiate Business Checking℠ Account:4stars. Wells Fargo's business checking account is pretty standard among brick-and-mortar options, with its standout feature being the bank’s roughly 4,400 branch locations and 11,000 ATMs. Bank of America and Chase offer similarly robust ATM and branch networks, and both rate higher than Wells Fargo thanks to unlimited electronic transactions and sign-up bonuses.
- TD Business Simple Checking℠:3.9stars. This account is worth a look if you want 24/7 live customer service, but there's not much else to set it apart. American Express lacks TD Bank’s physical footprint, but may still be a good alternative: That account also offers round-the-clock phone support, plus interest on your balances and even has a much larger ATM network than TD Bank does
- Huntington BankBusiness Checking 100:3.9stars. Huntington has a generous 24-hour grace period on overdrafts, but low transaction and cash deposit limits. Chase, on the other hand, gives you until the end of the next business day to resolve overdrafts, plus unlimited electronic and debit card transactions and twice as much per month in fee-free cash deposits.
- Truist Simple Business Checking:3.5stars. Truist loses points for a very stingy limit of 50 free transactions. You'll also have to pay a $14.95 monthly fee for integration with QuickBooks. Consider Chase and Bank of America for brick-and-mortar banking instead. Both offer unlimited digital transactions plus free QuickBooks integration.
- PNC Business Checking:4stars. PNC charges all the usual fees that brick-and-mortar banks do, with particularly high wire transfer fees — like $95 per outgoing domestic wire. For a low-fee experience, take a look at NBKC instead. You’ll pay no monthly fee, get unlimited transactions (including ACH transfers) and pay just $5 per outgoing domestic wire
🤓 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.1. Fees on banking services
Account | Excess Transaction Fee | ATM Fees | Wire Fees | Complete Rates and Fees |
---|---|---|---|---|
American Express® Business Checking | None (unlimited transactions). | Fee-free ATMs: MoneyPass network. Out-of-network fees: None. Third-party ATM fee refunds: None. | Incoming: Free. Outgoing domestic: $25. Outgoing international: Not supported. | |
Axos Bank® Basic Business Checking | None (unlimited transactions). | Fee-free ATMs: Due to fee refunds, every ATM is essentially fee-free. Out-of-network fees: None. Third-party ATM fee refunds: Unlimited domestic. | Incoming: Free. Outgoing domestic: $35. Outgoing international: $45. | |
Bank of America® Business Advantage Fundamentals™ Banking | Unlimited electronic. 200 non-electronic, then 45 cents each. | Fee-free ATMs: Bank of America. Out-of-network fees: $2.50 U.S.; $5 international. Third-party ATM fee refunds: None. | Incoming: $15. Outgoing domestic: $30. Outgoing international: $45. | |
Bluevine Business Checking | None (unlimited transactions). | Fee-free ATMs: MoneyPass network. Out-of-network fees: $2.50. Third-party ATM fee refunds: None. | Incoming: Free. Outgoing domestic: $10. Outgoing international; $25. | |
Chase Business Complete Banking® | Unlimited electronic transactions. 20 non-electronic transactions, then 40 cents each. | Fee-free ATMs: Chase network. Out-of-network fees: $3 domestic, $5 international. Third-party ATM fee refunds: None. | Incoming: Free from other Chase accounts. Otherwise, $15. Outgoing domestic: $25, or $35 if sent from a Chase branch location. Outgoing international: $40. | |
Found Small Business Banking | None (unlimited transactions). | Fee-free ATMs: None. Found is not part of a fee-free ATM network. Out-of-network fees: None. Third-party ATM fee refunds: None. | Incoming domestic: Free. Outgoing domestic: $15. All international wires: Not supported. | |
Grasshopper Business Checking Account | None (unlimited transactions). | Fee-free ATMs: MoneyPass and SUM networks. Out-of-network fees: Not disclosed. Third-party ATM fee refunds: None. | Incoming domestic: Free. Incoming international: $5. Outgoing domestic: $10. Outgoing international: $25. | |
LendingClub Tailored Checking | None (unlimited transactions). | Fee-free ATMs: Due to fee refunds, every ATM is essentially fee-free. Out-of-network fees: None. Third-party ATM fee refunds: Unlimited domestic and international. | Incoming domestic: Free. Incoming international: Free. Outgoing domestic: $18. Outgoing international: $40. | |
nbkc Business Account | None (unlimited transactions). | Fee-free ATMs: MoneyPass, Allpoint and NBKC networks. Out-of-network fees: None. Third-party ATM fee refunds: Up to $12 monthly. | Incoming domestic: $0. Incoming international: $45. Outgoing domestic: $5. Outgoing international: $45. | |
QuickBooks Money | None (unlimited transactions). | Fee-free ATMs: Four free withdrawals per month at AllPoint network. $3 each after that. Out-of-network fees: $3. Third-party ATM fee refunds: None. | Incoming: Not disclosed. Outgoing domestic: Not disclosed. Outgoing international: Not disclosed. | |
Relay Business Checking | None (unlimited transactions). | Fee-free ATMs: Allpoint network. Out-of-network fees: None. Third-party ATM fee refunds: None. | Incoming: None. Outgoing domestic: $5. Outgoing international: $10. | |
Rho Business Checking | None (unlimited transactions). | Fee-free ATMs: None. Rho is not part of a fee-free ATM network. Out-of-network fees: None. Third-party ATM fee refunds: None. | Incoming: None. Outgoing domestic: Free. Outgoing international: Free. | |
U.S. Bank U.S. Bank Silver Business Checking | 125 free transactions (electronic and non-electronic). 50 cents each after that. | Fee-free ATMs: U.S. Bank ATMs. Out-of-network fees: None. Third-party ATM fee refunds: None. | Incoming domestic: $14 or $16. Incoming international: $16. Outgoing domestic: $30 or $40 if sent from a branch. Outgoing international: $75. |
2. Transaction and cash deposit limits
3. Access to cash and checks
4. Interest or cash back
🤓 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.