10 Best Free Small-Business Checking Accounts of May 2022

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 1.50% interest on your account balance up to and including $100,000.

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

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.

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 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 (for a $4.95 fee per deposit).

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.

The American Express Business Checking account ticks a lot of boxes, with no monthly fees or incidental fees, and 24/7 customer support via phone or the bank’s mobile app.

The account also offers a competitive APY (1.10% on balances up to $500,000) and fee-free access to more than 37,000 MoneyPass ATMs. Customers may incur fees from the ATM owner when using out-of-network ATMs, though.

Axos Bank’s Basic Business Checking has no monthly fee or minimum opening deposit requirement and offers unlimited transactions, plus cash deposits via AllPoint and MoneyPass ATMs.

The bank also offers 24/7 customer support and free nationwide ATM access with unlimited refunds for fees charged by other banks and ATM operators in the U.S.

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).

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.

Brex Cash technically isn’t a checking account but it offers many of the same features, plus a few enhancements. The cash management account has no monthly fee or opening deposit and includes unlimited fee-free transactions (ACH, checks and wire transfers).

Brex Cash customers can split funds between an FDIC-insured bank account and a money market account. The latter has a 0.03% seven-day yield (as of this writing). Plus, the account includes the Brex rewards credit card, which earns up to 8x points.