Best Business Checking Accounts
Best for | NerdWallet ratingâ–Ľ | Monthly feeâ–Ľ | APYâ–Ľ | Bonusâ–Ľ | Learn 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/A | N/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/A | N/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/A | N/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/A | N/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 for | NerdWallet ratingâ–Ľ | Monthly feeâ–Ľ | APYâ–Ľ | Bonusâ–Ľ | Learn 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/A | N/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/A | N/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/A | N/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/A | N/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
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.
- 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® Business Checking
With $0 min. balance for APY
No cash deposits.
Requirements to qualify
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
Companies seeking financing
Grasshopper Innovator Business Checking Account
With $25,000 min. balance for APY
No cash deposits.
Requirements to qualify
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 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.
- 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 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 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 banking for midsize businesses
Relay Business Checking
Unlimited
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
Online bank with ATM access
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.
- Relatively low mobile app ratings.
Our pick for
Self-employed business owners
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 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 partnerships or nonprofit organizations.
- No fee-free cash deposits.
Our pick for
Free wire transfers, cash management
Mercury Business Bank Account
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.
- 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
Low-fee online banking
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.
- 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
High APY
North One Standard Business Checking
With $0 min. balance for APY
NorthOne does not accept cash deposits
Requirements to qualify
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
Discounts, perks on other business services
Bank of America® Business Advantage Fundamentals™ Banking
$0 for the first 12 statement cycles.
Up to $5,000 per statement cycle.