13 Best Free Business Checking Accounts

The Novo business checking account has no monthly fees, no minimum balance requirements, no ACH transfer fees and no incoming wire fees. This free business checking account also includes unlimited transactions and refunds on all ATM fees worldwide.

In addition, Novo offers unlimited invoicing and bill pay, as well as integrations with top business tools like QuickBooks, Xero, Stripe and Shopify.

Mercury is a free online banking platform that’s ideal for startups. Mercury includes both a free business checking account and a free business savings account with no transaction fees and no minimum opening deposit.

In addition, Mercury has no overdraft fees, no incoming wire fees and does not charge to send or receive checks. The platform offers built-in digital tools that allow you to track and manage your payments and expenses, create virtual debit cards and manage team members. Mercury also gives you the ability to integrate with a variety of other business tools.

Relay is a free online banking platform with no minimum balance requirements and unlimited fee-free transactions. Relay has no overdraft fees, includes free incoming wires and allows you to withdraw cash fee-free at over 32,000 Allpoint ATMs.

With the Relay platform, you can have up to 20 business checking accounts (10 for sole proprietorships) and up to 50 business debit cards. You can invite your team members to your account and assign them user permissions, as well as automate their spending limits.

The Axos Basic Business Checking account has no monthly maintenance fees but requires a minimum deposit of $1,000 to open the account. This online business checking account includes 200 fee-free transactions per month, 30 cents per transaction after that.

In addition, you receive 60 fee-free mobile check deposits per month, with the same 30 cents fee for each excess transaction.

The mobile-only Oxygen business account has no monthly fees and unlimited fee-free transactions, making it an affordable option for small-business owners on the go.

Oxygen has no minimum opening deposit and includes fee-free ATM access through the Allpoint network, as well as the ability to deposit cash through the Green Dot network.

NBKC’s Business Account is a free business checking account with no deposit and no minimum balance requirement. This account includes unlimited transactions, fee-free ATM access through the MoneyPass network (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. There are fees for outgoing domestic wires ($5) and incoming and outgoing international wires ($45).

The BBVA Business Connect Checking is a free business checking account with no monthly fees and no monthly balance requirement — you’ll just need a minimum $100 deposit to open an account.

With this account, you can process up to $5,000 in cash per month for free, and pay $0.003 per dollar after that ($3 per $1,000). In addition, you can make up to five withdrawals and/or process checks at a branch for free per month, with $1 charged for every withdrawal or processed check in-branch after that.

You also have up to two free in-branch deposits per month, $4 per in-branch deposit after that. Other transactions not mentioned are unlimited and free.

The U.S. Bank Silver Business Package is a free small-business checking account designed for newer and smaller businesses, offering up to 125 fee-free transactions per month, including deposits, debit card purchases and online payments. After you reach the 125 transaction-threshold, you’ll face a 50-cent fee per additional transaction.

This account also includes up to 25 free cash deposits per month. Cash deposits are calculated in terms of units — you can calculate a unit by dividing the amount by 100, then round to a whole number. For example, a $175 cash deposit is two units: 1.75 rounded up to two.

After you reach the 25-unit limit, there’s a small charge for additional cash deposits. Fees vary by state.

The Citizens Bank Clearly Better Business Checking account has no monthly service fees and no minimum balance required to open an account. With this account, you receive up to 200 fee-free check transactions per month, 50 cents per additional transaction.

In addition, you have access to online, mobile and phone banking, as well as more than 1,100 Citizens Bank branches and over 3,100 fee-free in-network ATMs.

Navy Federal Credit Union offers a free business checking account to qualifying members.

Customers can join Navy Federal Credit Union if they have served in a branch of the U.S. armed forces (either active duty or as a reservist), if they have worked for the Department of Defense or as a contractor, or if they are immediate family of someone who meets the above criteria for membership.

With the Navy Federal Credit Union Business Checking account, there are no monthly service fees and unlimited fee-free electronic transactions. In addition, you receive the first 30 non-electronic transactions per month fee-free; each costs 25 cents thereafter.

The Huntington Business Checking 100 account is a free account designed for startups and smaller businesses with average balances less than $5,000 and low checking activity.

With this account, you receive 100 monthly transactions for free; subsequent transactions have a fee of 50 cents. In addition, you have the ability to deposit up to $5,000 in cash per month; after that, you’ll pay 30 cents for every $100 in cash deposited.

First Citizens Bank offers its free Basic Business Checking account with no minimum balance requirements (after an initial $100 deposit) and no monthly fees when enrolled in paperless statements. This account includes up to 175 fee-free transactions per month, after that, you’ll pay 50 cents per transaction.

In addition, you’ll receive up to $5,000 in coin and currency processing per month, after that, there's a fee of 20 cents per $100 deposited. This account includes online and mobile banking access, a free Visa business debit card and fee-free access to any First Citizens ATM or branch.

BlueVine Business Checking has no monthly fees, no minimum opening deposit and no minimum balance requirements. This free online business checking account includes unlimited transactions, plus it allows you to earn 1% interest on your account balance up to $100,000.

In addition, BlueVine Business Checking offers free ATM access through the MoneyPass network — with the ability to deposit cash (up to $7,500 per month with a $4.95 fee per deposit) at Green Dot locations across the U.S.