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Does USAA Offer Business Checking?

Kelsey SheehyMarch 15, 2021
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USAA Bank does not offer a business checking account, leaving its members (and non-member business owners) to look elsewhere for business banking services.

We rounded up some alternatives, including business checking accounts from other military financial institutions, as well as a handful of options from our list of best business checking accounts.

Summary of Does USAA Offer Business Checking?

Radius Tailored Checking
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at Radius, Member FDIC

Radius Tailored Checking

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Radius Tailored Checking

Monthly Fee

$10.00

Waived with $5,000 minimum balance

APY

0.10%

With $5,000 minimum balance

Bonus

N/A
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at Radius, Member FDIC


Bonus

N/A

Why we like it

Online business checking that includes Autobooks invoicing software, so customers can easily create and send invoices and accept payments from customers.

Account details: - $10 monthly service fee, waived with $5,000 average monthly balance. - Minimum opening deposit: $100. - Unlimited fee-free transactions. - Earn 0.10% interest on balances of $5,000 or higher. - No ATM fees at MoneyPass and SUM ATMs. Fees charged by out-of-network ATMs are automatically reimbursed each month.

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Chase Business Complete Banking℠
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at Chase, Member FDIC

Chase Business Complete Banking℠

Not yet rated

Chase Business Complete Banking℠

Monthly Fee

$15.00

Waived with $2,000 minimum balance

APY

N/A

Bonus

$300

Requirements to qualify

Learn more

at Chase, Member FDIC


Bonus

$300

Requirements to qualify

Why we like it

The benefits of a large, national bank plus the convenience of innovative digital banking tools.

Account details: - $15 monthly service fee, waived if you maintain a minimum daily balance of $2,000, spend at least $2,000 on one of the Chase Ink business cards or deposit at least $2,000 from Chase QuickAccept℠ transactions. - Unlimited electronic transactions. Up to 20 fee-free in-person transactions. - Payment processing through the Chase mobile app with QuickAccept, no additional point-of-sale equipment needed. - Live customer service available by phone 24/7. - Open an account online or in person at one of the bank’s nearly 5,000 branch locations.

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Navy Federal Credit Union Business Checking

Not yet rated

Navy Federal Credit Union Business Checking

Monthly Fee

$0

APY

0.01%

With $0 minimum balance

Bonus

N/A

Bonus

N/A

Why we like it

Navy Federal offers a free business checking account for members of the credit union. Membership is open to current and retired members of the armed forces and their families and household members. Department of Defense civilian personnel are also eligible.

Account details: - No monthly service fee. - Unlimited electronic transactions. Up to 30 fee-free non-electronic transactions, such as in-branch transfers, deposits and withdrawals. - Opening deposit required: $100 for sole proprietors; $105 for corporations, LLCs and other legal entities. - No ATM fees at Navy Federal and CO-OP network ATMs.

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Service Credit Union Free Business Checking

Not yet rated

Service Credit Union Free Business Checking

Monthly Fee

$0

APY

N/A

Bonus

N/A

Bonus

N/A

Why we like it

Service Credit Union offers free business checking with live customer support 24/7. Membership is open to current and former military personnel, civilian Department of Defense employees and their families. Employees of a number of businesses, primarily in New Hampshire, are also eligible.

Account details: - No monthly service fee. - No minimum opening balance requirement. - Up to 250 fee-free transactions per month. Transactions include in-branch deposits and withdrawals. - No fees at Service Credit Union and CO-OP network ATMs. - Additional fee for online banking and bill pay, starting at $29.99 per month.

Bank of America Business Advantage Fundamentals™ Banking

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Bank of America Business Advantage Fundamentals™ Banking

Monthly Fee

$16.00

Waived with $5,000 minimum balance

APY

N/A

Bonus

N/A

Bonus

N/A

Why we like it

Connect your Bank of America business checking account with services like ADP payroll services, QuickBooks Online and Expensify to more seamlessly manage your cash flow.

Account details: - $16 monthly service fee, waived if you maintain a combined average monthly balance of $5,000 or spend $250 per statement period using a linked Bank of America business debit or credit card. - Up to 200 fee-free transactions. Most electronic transactions do not count toward that limit, including mobile deposits, debit card transactions and ACH transfers. - No ATM fees at Bank of America’s roughly 17,000 ATMs, but there is a $2.50 charge to use out-of-network ATMs. - Open an account online, in person or over the phone.

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nbkc Business Account

Not yet rated

nbkc Business Account

Monthly Fee

$0

APY

N/A

Bonus

N/A

Bonus

N/A

Why we like it

NBKC is based in the Kansas City area and has four branch locations there, but the bank’s free business checking account is built to be online.

Account details: - No monthly fee or opening deposit requirement. - Unlimited fee-free transactions. - No fees for overdrafts, stop payment requests or incoming wire transfers. - No ATM fees at MoneyPass ATMs. Up to $12 in out-of-network ATM fees reimbursed each month. - Free cash deposits via certain MoneyPass ATMs.

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BlueVine Business Checking

Not yet rated

BlueVine Business Checking

Monthly Fee

$0

APY

1.00%

With $0 minimum balance

Bonus

N/A

Bonus

N/A

Why we like it

A free, interest-bearing business checking account with no overdraft fees. BlueVine does not have any brick-and-mortar locations.

Account details: - No monthly service fee or minimum deposit requirement. - Unlimited fee-free transactions. - No overdraft fees. - Earn 1% interest on balances up to $100,000. - No ATM fees at 38,000+ MoneyPass ATMs. - Cash deposits available at select GreenDot locations for a $4.95 fee.

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Last updated on March 15, 2021

Methodology

We curated this list of USAA business checking alternatives by evaluating business checking offers from other military banks and credit unions. We also included picks from our best banks for small business roundup.