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Best Online Business Bank Accounts of July 2024

Opening a business checking account online is fast and easy at these top-rated digital or brick-and-mortar banks.
By Kelsey Sheehy
Last updated on April 22, 2024
Edited byRyan Lane
Fact checked and reviewed

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Many business banks don't require a branch visit to open an account. In fact, big-name financial institutions, like Chase, Bank of America, U.S. Bank and PNC, all let you apply online for business bank accounts. You can often complete these applications in minutes, whenever and wherever it's convenient for you — a major plus for busy business owners.
But the best online business accounts do more than let you get started with a few clicks. They offer features that benefit your overall operations and fit your comfort level with online banking. For instance, the previously mentioned brick-and-mortar small-business banks typically have monthly fees and relatively low transaction limits. However, their combination of digital tools with easy access to in-person customer service and cash deposits may still make them work for you.
If you want unlimited transactions, few fees and more perks — like cash back and high APYs — a better fit might be a business checking account or business savings account from an online-only business bank or neobank (a technology company that partners with a bank). These accounts have tradeoffs, too, though: Customer support may be limited, for example, and account features could change. Your feelings about those risks will likely be key in choosing the right online account for your business.

Best Online Business Bank Accounts

Best forNerdWallet ratingMonthly feeAPYBonusLearn more

High-yield business checking

Bluevine Business Checking

Learn more

at Bluevine, Deposits are FDIC Insured

4.7/5
$0

2.00%

With $0 min. balance for APY

N/A

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

N/A

Learn more

at American Express National Bank, Member FDIC

Overdraft grace period

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

Cash back + high APY

Grasshopper Business Checking Account

Learn more

at Grasshopper Bank, Member FDIC

4.5/5
$0

2.25%

With $0 min. balance for APY

N/A

Learn more

at Grasshopper Bank, Member FDIC

Brick-and-mortar bank with high cash deposit limits

Bank of America® Business Advantage Fundamentals™ Banking

Learn more

at Bank of America, N.A., Member FDIC

4.5/5
$16.00

N/A$200

Requirements to qualify

Learn more

at Bank of America, N.A., Member FDIC

Sign-up bonus + no monthly fees

U.S. Bank Silver Business Checking

Learn more

at U.S. Bank, Member FDIC

4.0/5
$0

N/A$800

Requirements to qualify

Learn more

at U.S. Bank, Member FDIC

Unlimited fee-free cash deposits

nbkc Business Account

Learn more

at nbkc bank, Member FDIC

4.9/5
$0

N/AN/A

Learn more

at nbkc bank, Member FDIC

Multiple accounts

Relay Business Checking

Learn more

at Relay, Deposits are FDIC Insured

4.9/5
$0

N/AN/A

Learn more

at Relay, Deposits are FDIC Insured

Business savings account

Live Oak Bank Business Savings

Learn more

at Live Oak Bank, Member FDIC

5.0/5
$0

4.00%

With $0.01 min. balance for APY

N/A

Learn more

at Live Oak Bank, Member FDIC

Cash deposits and 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

Freelancers and side hustlers

Found Small Business Banking

Learn more

at Found, Deposits are FDIC Insured

4.4/5
$0

N/A$20

Requirements to qualify

Learn more

at Found, Deposits are FDIC Insured

Free wire transfers

Mercury Business Bank Account

Learn more

at Mercury, Deposits are FDIC Insured

4.1/5
$0

N/AN/A

Learn more

at Mercury, Deposits are FDIC Insured

Unlimited refunds on ATM fees

Novo Business Checking

Learn more

at Novo, Deposits are FDIC Insured

4.4/5
$0

N/AN/A

Learn more

at Novo, Deposits are FDIC Insured

Early access to payments

Lili Basic Business Checking

Learn more

at Lili, Deposits are FDIC Insured

4.3/5
$0

N/AN/A

Learn more

at Lili, Deposits are FDIC Insured

Cash back + ATM rebates

LendingClub Tailored Checking

4.9/5
$10.00

Waived with $500 minimum balance

1.50%

With $0 min. balance for APY

N/A

Large ATM network

Wells Fargo Initiate Business Checking℠ Account

4.0/5
$10.00

Waived with $500 minimum balance

N/AN/A

Best forNerdWallet ratingMonthly feeAPYBonusLearn more

High-yield business checking

Bluevine Business Checking

Learn more

at Bluevine, Deposits are FDIC Insured

4.7/5
$0

2.00%

With $0 min. balance for APY

N/A

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

N/A

Learn more

at American Express National Bank, Member FDIC

Overdraft grace period

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

Cash back + high APY

Grasshopper Business Checking Account

Learn more

at Grasshopper Bank, Member FDIC

4.5/5
$0

2.25%

With $0 min. balance for APY

N/A

Learn more

at Grasshopper Bank, Member FDIC

Brick-and-mortar bank with high cash deposit limits

Bank of America® Business Advantage Fundamentals™ Banking

Learn more

at Bank of America, N.A., Member FDIC

4.5/5
$16.00

N/A$200

Requirements to qualify

Learn more

at Bank of America, N.A., Member FDIC

Sign-up bonus + no monthly fees

U.S. Bank Silver Business Checking

Learn more

at U.S. Bank, Member FDIC

4.0/5
$0

N/A$800

Requirements to qualify

Learn more

at U.S. Bank, Member FDIC

Unlimited fee-free cash deposits

nbkc Business Account

Learn more

at nbkc bank, Member FDIC

4.9/5
$0

N/AN/A

Learn more

at nbkc bank, Member FDIC

Multiple accounts

Relay Business Checking

Learn more

at Relay, Deposits are FDIC Insured

4.9/5
$0

N/AN/A

Learn more

at Relay, Deposits are FDIC Insured

Business savings account

Live Oak Bank Business Savings

Learn more

at Live Oak Bank, Member FDIC

5.0/5
$0

4.00%

With $0.01 min. balance for APY

N/A

Learn more

at Live Oak Bank, Member FDIC

Cash deposits and 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

Freelancers and side hustlers

Found Small Business Banking

Learn more

at Found, Deposits are FDIC Insured

4.4/5
$0

N/A$20

Requirements to qualify

Learn more

at Found, Deposits are FDIC Insured

Free wire transfers

Mercury Business Bank Account

Learn more

at Mercury, Deposits are FDIC Insured

4.1/5
$0

N/AN/A

Learn more

at Mercury, Deposits are FDIC Insured

Unlimited refunds on ATM fees

Novo Business Checking

Learn more

at Novo, Deposits are FDIC Insured

4.4/5
$0

N/AN/A

Learn more

at Novo, Deposits are FDIC Insured

Early access to payments

Lili Basic Business Checking

Learn more

at Lili, Deposits are FDIC Insured

4.3/5
$0

N/AN/A

Learn more

at Lili, Deposits are FDIC Insured

Cash back + ATM rebates

LendingClub Tailored Checking

4.9/5
$10.00

Waived with $500 minimum balance

1.50%

With $0 min. balance for APY

N/A

Large ATM network

Wells Fargo Initiate Business Checking℠ Account

4.0/5
$10.00

Waived with $500 minimum balance

N/AN/A

Access real-time financial insights and recommendations

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Cash flow graph with different accounts and their balances
Cash flow graph with different accounts and their balances

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Our pick for

High-yield business checking

Bluevine Business Checking

Read Review
Learn more

at Bluevine, Deposits are FDIC Insured

APY
2.00%

With $0 min. balance for APY

Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

Fees vary by location.

Overdraft fees
$0
Bonus
N/A

Our pick for

24/7 customer support

American Express® Business Checking

Read Review
Learn more

at American Express National Bank, Member FDIC

APY
1.30%

With $0 min. balance for APY

Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

No cash deposits.

Overdraft fees
N/A
Bonus
N/A

Our pick for

Overdraft grace period

Chase Business Complete Banking®

Read Review
Learn more

at Chase, Member FDIC

APY
N/A
Monthly fee
$15.00

Waived with $2,000 minimum balance

Min. opening deposit
$0
Free cash deposits
Yes

Up to $5,000 per month.

Overdraft fees
$34
Bonus
$300

Requirements to qualify

Our pick for

Cash back + high APY

Grasshopper Business Checking Account

Read Review
Learn more

at Grasshopper Bank, Member FDIC

APY
2.25%

With $0 min. balance for APY

Monthly fee
$0
Min. opening deposit
$100
Free cash deposits
No

No cash deposits.

Overdraft fees
$0
Bonus
N/A

Our pick for

Brick-and-mortar bank with high cash deposit limits

Bank of America® Business Advantage Fundamentals™ Banking

Read Review
Learn more

at Bank of America, N.A., Member FDIC

APY
N/A
Monthly fee
$16.00
Min. opening deposit
$100
Free cash deposits
Yes

Up to $7,500 per statement cycle.

Overdraft fees
$10
Bonus
$200

Requirements to qualify

Our pick for

Sign-up bonus + no monthly fees

U.S. Bank Silver Business Checking

Read Review
Learn more

at U.S. Bank, Member FDIC

APY
N/A
Monthly fee
$0
Min. opening deposit
$100
Free cash deposits
Yes

Up to $2,500 per month.

Overdraft fees
$36
Bonus
$800

Requirements to qualify

Our pick for

Unlimited fee-free cash deposits

nbkc Business Account

Read Review
Learn more

at nbkc bank, Member FDIC

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
Yes

Unlimited

Overdraft fees
$0
Bonus
N/A

Our pick for

Multiple accounts

Relay Business Checking

Read Review
Learn more

at Relay, Deposits are FDIC Insured

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
Yes

Unlimited

Overdraft fees
$0
Bonus
N/A

Our pick for

Business savings account

Live Oak Bank Business Savings

Read Review
Learn more

at Live Oak Bank, Member FDIC

APY
4.00%

With $0.01 min. balance for APY

Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

No cash deposits

Overdraft fees
N/A
Bonus
N/A

Our pick for

Cash deposits and withdrawals

Axos Bank® Basic Business Checking

Read Review
Learn more

at Axos Bank®, Member FDIC

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
Yes

Unlimited

Overdraft fees
$25
Bonus
$400

Requirements to qualify

Our pick for

Freelancers and side hustlers

Found Small Business Banking

Read Review
Learn more

at Found, Deposits are FDIC Insured

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

$2 fee per deposit

Overdraft fees
$0
Bonus
$20

Requirements to qualify

Our pick for

Free wire transfers

Mercury Business Bank Account

Read Review
Learn more

at Mercury, Deposits are FDIC Insured

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

No cash deposits.

Overdraft fees
$0
Bonus
N/A

Our pick for

Unlimited refunds on ATM fees

Novo Business Checking

Read Review
Learn more

at Novo, Deposits are FDIC Insured

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

No cash deposits.

Overdraft fees
$0
Bonus
N/A

Our pick for

Early access to payments

Lili Basic Business Checking

Read Review
Learn more

at Lili, Deposits are FDIC Insured

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

Fee of up to $4.95 per cash deposit.

Overdraft fees
$0
Bonus
N/A

Our pick for

Cash back + ATM rebates

LendingClub Tailored Checking