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Find a Free Business Checking Account

Banks & Credit Unions, Checking Accounts, Small Business
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find a free business checking account

You shouldn’t have to pay a fee just to have a small-business checking account. It’s true that many banks and credit unions levy a monthly service charge if you don’t maintain a high enough balance, but some institutions don’t.

Use this list 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. For common business checking fees, and for more information on what to consider when choosing an account, read our primer on business checking.

» MORE: Best free personal checking accounts

Online banks

Most small companies and entrepreneurs can open business checking accounts online instead of in person. The U.S. Small Business Administration offers a guide to finding out whether your business is eligible.

Free Business Checking Accounts by State

AlabamaAlaskaArizonaArkansasCalifornia
ColoradoConnecticutDelawareDistrict
of Columbia
Florida
GeorgiaHawaiiIdahoIllinoisIndiana
IowaKansasKentuckyLousianaMaine
MarylandMassachusettsMichiganMinnesotaMississippi
MissouriMontanaNebraskaNevadaNew Hampshire
New JerseyNew MexicoNew YorkNorth CarolinaNorth Dakota
OhioOklahomaOregonPennsylvaniaRhode Island
South CarolinaSouth DakotaTennesseeTexasUtah
VermontVirginiaWashingtonWest VirginiaWisconsin
Wyoming

Alabama

 

Alaska

 

Arizona

 

Arkansas

 

California

 

Colorado

 

Connecticut

 

Delaware

 

District of Columbia

 

Florida

 

Georgia

Hawaii

 

Idaho

 

Illinois

 

Indiana

 

Iowa

 

Kansas

 

Kentucky

 

Louisiana

 

Maine

 

Maryland

 

Massachusetts

 

Michigan

 

Minnesota

 

Mississippi

 

Missouri

 

Montana

 

Nebraska

 

Nevada

 

New Hampshire

 

New Jersey

 

New Mexico

 

New York

 

North Carolina

 

North Dakota

 

Ohio

 

Oklahoma

 

Oregon

 

Pennsylvania

 

Rhode Island

 

South Carolina

 

South Dakota

 

Tennessee

 

Texas

 

Utah

 

Vermont

 

Virginia

 

Washington

 

West Virginia

 

Wisconsin

 

Wyoming

Honorable mentions

These banks will waive their monthly fees if you meet their requirements for debit card transactions:

  • BancorpSouth: e-Business Checking (Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas). Required to waive fee: five debit card purchases per statement period.
  • MB Financial: MB Small Business Checking (Illinois). Required to waive fee: four signature-based debit card transactions per statement period.
  • Wells Fargo: Business Choice Checking (in 39 states and District of Columbia). Required to waive fee: 10 debit card purchases or payments per statement period.

You may also want to consider your 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.

» MORE: Find a business credit card that’s right for you

Margarette Burnette is a staff writer at NerdWallet, a personal finance website. Email: mburnette@nerdwallet.com. Twitter: @margarette. John Gower of NerdWallet contributed to this article.

Updated May 18, 2017.


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