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