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Find a Free Business Checking Account

April 12, 2018
Banking, Banks & Credit Unions, Checking Accounts
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You shouldn’t have to pay a fee just to have a checking account for your business.

Use these lists to help find the best provider for your business. Keep in mind that even though these institutions offer free business checking, you could still be charged for overdrafts, excess transactions or excess deposits.

If you’re not sure what to look out for:

Big-name banks

A few larger bank chains that offer free business checking have branches in many states.

Online banks

Most small companies and entrepreneurs can open business checking accounts online instead of in person.

» Check out our picks for the best free business checking accounts

» Looking for a personal account, too? Check out our best free personal checking accounts 

Free business checking accounts by state

If none of the above options are available in your state, you would rather bank in person or you prefer a smaller bank, check out the options below.

National Cooperative Bank: Basic Business Checking
Northrim Bank: Business Edge Checking
BNC National Bank: Free Business Checking
Comerica Bank: Basic Business Checking
FirstBank: Business Checking
Beneficial State Bank: Small Business Checking
Comerica Bank: Basic Business Checking
FirstBank: Business Checking
ANB Bank: Business Choice
Ent Credit Union: Free Business Checking
5Star Bank: 5Star Commercial Checking
Partner Colorado Credit Union: Basic Business Checking
Affinity Federal Credit Union: Business Basics Checking
Liberty Bank: PayBack Business Checking
Washington Trust: Small Business Checking
Artisans’ Bank: Free Business Checking
National Cooperative Bank: Basic Business Checking
United Bank: Free Business Checking
Bank of Hawaii: Business Checking
Central Bank: Free Small Business Checking
First Merchants Bank: First Business Checking
First Financial Bank: Basic Business Checking
Old National Bank: Free Business Checking
Wintrust Bank: Entrepreneur Checking
First Merchants Bank: First Business Checking
Horizon Bank: Micro Business Checking
First Financial Bank: Basic Business Checking
Old National Bank: Free Business Checking
Wintrust Bank: Entrepreneur Checking
Alliant Credit Union: Business Checking
Arbor Bank: Simple Business Checking
Bank 1st: Business E-Checking
Bank Iowa: Small Business Checking
ANB Bank: Business Choice
Arvest Bank: Free Small Business Checking
Central Bank: Free Small Business Checking
Central National Bank: Central Business Value
The First: First Free Business Checking
Gulf Coast Bank & Trust: Business Checking
Home Bank: Small Business Checking
Iberia Bank: Free Business Checking
Bar Harbor Bank & Trust: Easy Business Checking
Digital Federal Credit Union: Free Business Checking
Washington Savings Bank: Free Business Checking
1st State Bank: Business Checking
Comerica Bank: Basic Business Checking
Flagstar Bank: Standard Business Checking
Horizon Bank: Micro Business Checking
Old National Bank: Free Business Checking
Bank Forward: Business 200 Checking
Bell Bank: Business Checking
BNC National Bank: Free Business Checking
First National Bank Minnesota: Free Checking
Spire Credit Union: Classic Business Checking
WESTconsin Credit Union: Business Checking
Opportunity Bank of Montana: Free Business Checking
Arbor Bank: Simple Business Checking
Central National Bank: Central Business Value
America First Credit Union: Basic Business Checking
Bar Harbor Bank & Trust: Easy Business Checking
Digital Federal Credit Union: Free Business Checking
Affinity Federal Credit Union: Business Basics Checking
The Bank of Princeton: Wise Business Checking
Columbia Bank: Business Checking
Popular Community Bank: Popular Business Checking and Simple Business Checking
United Teletech Financial Federal Credit Union: Free Business Checking
Affinity Federal Credit Union: Business Basics Checking
National Cooperative Bank: Basic Business Checking
Popular Community Bank: Popular Business Checking and Simple Business Checking
Bank Forward: Business 200 Checking
Bell Bank: Business Checking
BNC National Bank: Free Business Checking
City National Bank: Best Free Business Checking
First Merchants Bank: First Business Checking
First National Bank: Free Small Business Checking
First Financial Bank: Free Business Checking
National Cooperative Bank: Basic Business Checking
United Bank: Free Business Checking
Beneficial State Bank: Small Business Checking
First National Bank: Free Small Business Checking
The Bank of Princeton: Wise Business Checking
Pennsylvania State Employees Credit Union: Business Checking
United Bank: Free Business Checking
Andes State Bank: Free Checking
America First Credit Union: Basic Business Checking
Bank of Utah: Free Business Checking
First Utah Bank: Free Business Checking
Bar Harbor Bank & Trust: Easy Business Checking
Community National Bank: Business Checking

City National Bank: Best Free Business Checking
National Cooperative Bank: Basic Business Checking
United Bank: Free Business Checking
Beneficial State Bank: Small Business Checking
BECU: Basic Checking
First Financial Northwest Bank: First Business Checking
Harborstone Credit Union: Basic Business Checking
Alliant Credit Union: Business Checking
Spire Credit Union: Classic Business Checking
Westbury Bank: Totally Free Business Checking
WESTconsin Credit Union: Business Checking
ANB Bank: Business Choice
Big Horn Federal Savings Bank: Business Ramcheck

Honorable mentions

These banks will waive their monthly fees if you meet additional requirements:

  • BancorpSouth: e-Business Checking (Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas). Required to waive fee: $500 minimum daily balance or five debit card purchases per statement period.
  • Fifth Third Bank: Fifth Third Business Standard Checking Account (Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee and West Virginia). Required to waive fee: A combined monthly average balance of $3,500 across business checking, savings and CDs; at least $500 monthly spending across Fifth Third business credit cards; or personal Fifth Third Private Bank Checking account or Fifth Third Preferred Checking® account with a completed Relationship Consent form.
  • Wells Fargo: Business Choice Checking. Required to waive fee: $7,500 average balance; $10,000 in combined balances (business checking, savings, time accounts and credit); 10 or more posted business debit card purchases/payments; a linked Direct Pay service; qualifying transactions from a linked Wells Fargo Merchant Services account; or qualifying transactions from a linked Wells Fargo Business Payroll Services account.
  • Capital Bank: Basic BizEssentials Business Checking (Florida, North Carolina, South Carolina and Virginia). Required to waive fee: $5,000 daily balance.

You may also want to consider other banking relationships. For example, if you have a small-business credit card from your bank, you may already be eligible for a small-business checking account with waived fees.

» Ready to consider other business accounts? Find a business credit card that’s right for you


Did we leave your financial institution off this list? Please let us know.

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