Best Banks for Startups and New Businesses of 2025

APY

N/A

Monthly fee

Bonus

N/A

at Relay, Deposits are FDIC Insured

Pros

No required monthly fee or minimum balance requirement.
Unlimited fee-free transactions; no overdraft fees.
No foreign transaction fees when you use your Relay Visa® Debit abroad.
Free incoming wires and low outgoing wire transfer fees.
Up to 50 debit cards.
Direct integration with Shopify.

Cons

Deposited checks may be held for up to 6-7 business days.
No bill pay feature in the free plan.

Relay Business Checking

4.9

APY

N/A

Monthly fee

Bonus

N/A

at Relay, Deposits are FDIC Insured

Pros

No required monthly fee or minimum balance requirement.
Unlimited fee-free transactions; no overdraft fees.
No foreign transaction fees when you use your Relay Visa® Debit abroad.
Free incoming wires and low outgoing wire transfer fees.
Up to 50 debit cards.
Direct integration with Shopify.

Cons

Deposited checks may be held for up to 6-7 business days.
No bill pay feature in the free plan.

North One Standard Business Checking

4.7

APY

2.50%

With $0 min. balance for APY

Monthly fee

Bonus

N/A

at North One, Deposits are FDIC Insured

Pros

No monthly fees or excess transaction fees.
Same-day deposits from Amazon, Cash App, Square, Stripe and Venmo. Direct payments supported from a variety of other business platforms, including Etsy, Lyft, Shopify and Airbnb.
Sub-accounts that you can use to save for specific goals.
Direct integration with Shopify, Etsy and Amazon.
Account holders are assigned to a dedicated banker or customer support representative.

Cons

Low cash deposit limits ($1,500 per day, $5,000 per month). Service fee of up to $4.95 per deposit.
Can’t send or receive international wires.
No weekend customer support.
Not available to nonprofit organizations.
No spend controls on employee debit cards.

North One Standard Business Checking

4.7

APY

2.50%

With $0 min. balance for APY

Monthly fee

Bonus

N/A

at North One, Deposits are FDIC Insured

Pros

No monthly fees or excess transaction fees.
Same-day deposits from Amazon, Cash App, Square, Stripe and Venmo. Direct payments supported from a variety of other business platforms, including Etsy, Lyft, Shopify and Airbnb.
Sub-accounts that you can use to save for specific goals.
Direct integration with Shopify, Etsy and Amazon.
Account holders are assigned to a dedicated banker or customer support representative.

Cons

Low cash deposit limits ($1,500 per day, $5,000 per month). Service fee of up to $4.95 per deposit.
Can’t send or receive international wires.
No weekend customer support.
Not available to nonprofit organizations.
No spend controls on employee debit cards.

American Express® Business Checking

5.0

APY

1.30%

With $0 min. balance for APY

Monthly fee

Bonus

30,000 points

Requirements to qualify

at American Express National Bank, Member FDIC

Pros

No monthly fees or minimum opening deposit.
No excess transaction fees and no charge for domestic incoming wires.
Earn 1.30% APY on balances up to $500,000.
24/7 customer support.
No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.

Cons

Can’t deposit cash.
No outgoing international wire transfers.
Does not offer jointly owned accounts.

American Express® Business Checking

5.0

APY

1.30%

With $0 min. balance for APY

Monthly fee

Bonus

30,000 points

Requirements to qualify

at American Express National Bank, Member FDIC

Pros

No monthly fees or minimum opening deposit.
No excess transaction fees and no charge for domestic incoming wires.
Earn 1.30% APY on balances up to $500,000.
24/7 customer support.
No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.

Cons

Can’t deposit cash.
No outgoing international wire transfers.
Does not offer jointly owned accounts.

Best overall online business checking account

Bluevine Business Checking

5.0

APY

1.30%

With $0 min. balance for APY

Monthly fee

Bonus

$500

Requirements to qualify

at Bluevine, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions; no overdraft fees.
Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
Access up to $3 million in FDIC insurance with Insured Cash Sweep.
No fees at MoneyPass ATMs.
Account holders are assigned to a dedicated banker or customer support representative.
Bill pay tools and invoicing with built-in payment links.

Cons

No fee-free cash deposits.
Fee for using out-of-network ATMs.
Does not offer jointly-owned accounts.

Best overall online business checking account

Bluevine Business Checking

5.0

APY

1.30%

With $0 min. balance for APY

Monthly fee

Bonus

$500

Requirements to qualify

at Bluevine, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions; no overdraft fees.
Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
Access up to $3 million in FDIC insurance with Insured Cash Sweep.
No fees at MoneyPass ATMs.
Account holders are assigned to a dedicated banker or customer support representative.
Bill pay tools and invoicing with built-in payment links.

Cons

No fee-free cash deposits.
Fee for using out-of-network ATMs.
Does not offer jointly-owned accounts.

Grasshopper Innovator Business Checking Account

4.8

APY

1.35%

With $25,000 min. balance for APY

Monthly fee

Bonus

N/A

Cash back on debit

at Grasshopper Bank, Member FDIC

Pros

Unlimited 1% cash back on qualified debit card purchases.
Earn up to 1.35% APY.
No monthly fees, transaction fees or overdraft charges.
Free, built-in bookkeeping and invoicing software.
Free incoming domestic wires; low fees on other wire transfers.

Cons

Can’t deposit cash.
$100 minimum opening deposit.
No weekend support.

Grasshopper Innovator Business Checking Account

4.8

APY

1.35%

With $25,000 min. balance for APY

Monthly fee

Bonus

N/A

Cash back on debit

at Grasshopper Bank, Member FDIC

Pros

Unlimited 1% cash back on qualified debit card purchases.
Earn up to 1.35% APY.
No monthly fees, transaction fees or overdraft charges.
Free, built-in bookkeeping and invoicing software.
Free incoming domestic wires; low fees on other wire transfers.

Cons

Can’t deposit cash.
$100 minimum opening deposit.
No weekend support.

Axos Bank® Basic Business Checking

4.7

APY

N/A

Monthly fee

Bonus

$200

Requirements to qualify

Unlimited transactions

at Axos Bank®, Member FDIC

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions and free incoming wires.
Automatic refunds of all ATM fees (domestic).
Cash deposits via Allpoint ATMs.
Welcome bonus for new customers (terms apply).

Cons

$25 fee for insufficient funds/uncollected funds returned.
No third-party app integrations.

Axos Bank® Basic Business Checking

4.7

APY

N/A

Monthly fee

Bonus

$200

Requirements to qualify

Unlimited transactions

at Axos Bank®, Member FDIC

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions and free incoming wires.
Automatic refunds of all ATM fees (domestic).
Cash deposits via Allpoint ATMs.
Welcome bonus for new customers (terms apply).

Cons

$25 fee for insufficient funds/uncollected funds returned.
No third-party app integrations.

Rho Business Checking

4.3

APY

N/A

Monthly fee

Bonus

$350

Requirements to qualify

at Rho, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions.
Free domestic wires, same-day ACH transfers.
No charge for international wires (third-party fees may apply).

Cons

No cash deposits or ATM access.
Not available to sole proprietors.
Long hold time for deposited checks.

Rho Business Checking

4.3

APY

N/A

Monthly fee

Bonus

$350

Requirements to qualify

at Rho, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions.
Free domestic wires, same-day ACH transfers.
No charge for international wires (third-party fees may apply).

Cons

No cash deposits or ATM access.
Not available to sole proprietors.
Long hold time for deposited checks.

U.S. Bank Business Essentials

4.5

APY

N/A

Monthly fee

Bonus

$400

Requirements to qualify

Best free account

at U.S. Bank, Member FDIC

Pros

No monthly service fee.
Welcome bonus for new customers (terms apply).
Unlimited fee-free electronic and debit card transactions.
Supports Zelle for Business.
Account holders are assigned to a dedicated banker or customer support representative.
Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.

Cons

$100 minimum opening deposit.
Low limit on fee-free cash deposits.
Fee for using out-of-network ATMs.
High overdraft, wire transfer fees.
$1 fee for outgoing domestic ACH transfers.

U.S. Bank Business Essentials

4.5

APY

N/A

Monthly fee

Bonus

$400

Requirements to qualify

Best free account

at U.S. Bank, Member FDIC

Pros

No monthly service fee.
Welcome bonus for new customers (terms apply).
Unlimited fee-free electronic and debit card transactions.
Supports Zelle for Business.
Account holders are assigned to a dedicated banker or customer support representative.
Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.

Cons

$100 minimum opening deposit.
Low limit on fee-free cash deposits.
Fee for using out-of-network ATMs.
High overdraft, wire transfer fees.
$1 fee for outgoing domestic ACH transfers.

Lili Basic Business Checking

4.4

APY

N/A

Monthly fee

Bonus

N/A

at Lili, Deposits are FDIC Insured

Pros

No monthly fees, transaction fees or incoming wire fees.
No fees at MoneyPass ATMs.
Cash deposits via Green Dot network (fees and limits apply).
Early payment feature allows you to receive funds up to two days sooner than with a traditional bank account.
Direct integrations with Square, Shopify, Etsy and eBay.

Cons

Fee for using out-of-network ATMs.
No fee-free cash deposits.
Bill pay not included; must upgrade to Lili Smart or higher.
No spend controls on employee debit cards.

Lili Basic Business Checking

4.4

APY

N/A

Monthly fee

Bonus

N/A

at Lili, Deposits are FDIC Insured

Pros

No monthly fees, transaction fees or incoming wire fees.
No fees at MoneyPass ATMs.
Cash deposits via Green Dot network (fees and limits apply).
Early payment feature allows you to receive funds up to two days sooner than with a traditional bank account.
Direct integrations with Square, Shopify, Etsy and eBay.

Cons

Fee for using out-of-network ATMs.
No fee-free cash deposits.
Bill pay not included; must upgrade to Lili Smart or higher.
No spend controls on employee debit cards.

Chase Business Complete Banking®

4.5

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

$500

Requirements to qualify

at Chase, Member FDIC

Pros

No minimum opening deposit.
Unlimited fee-free electronic and debit card transactions.
Integrated credit card processing.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
No fees at 15,400 Chase ATMs and access to around 4,900 branches.

Cons

$15 monthly fee.
Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
Fee for using out-of-network ATMs.

Chase Business Complete Banking®

4.5

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

$500

Requirements to qualify

at Chase, Member FDIC

Pros

No minimum opening deposit.
Unlimited fee-free electronic and debit card transactions.
Integrated credit card processing.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
No fees at 15,400 Chase ATMs and access to around 4,900 branches.

Cons

$15 monthly fee.
Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
Fee for using out-of-network ATMs.

Bank of America® Business Advantage Fundamentals™ Banking

4.4

APY

N/A

Monthly fee

$16.00

$0 for the first 12 statement cycles.

Bonus

N/A

Pros

No monthly fee for the first 12 statement cycles.
Welcome offer for new accountholders.
Loyalty perks via Preferred Rewards for Business program.
Relatively low overdraft fees ($10 per item, limited to two per day)

Cons

$100 minimum opening deposit.
Fee for using out-of-network ATMs.
$16 monthly fee after introductory period ends.

Bank of America® Business Advantage Fundamentals™ Banking

4.4

APY

N/A

Monthly fee

$16.00

$0 for the first 12 statement cycles.

Bonus

N/A

Pros

No monthly fee for the first 12 statement cycles.
Welcome offer for new accountholders.
Loyalty perks via Preferred Rewards for Business program.
Relatively low overdraft fees ($10 per item, limited to two per day)

Cons

$100 minimum opening deposit.
Fee for using out-of-network ATMs.
$16 monthly fee after introductory period ends.

Mercury Business Bank Account

4.4

APY

N/A

Monthly fee

Bonus

$300

Requirements to qualify

at Mercury, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free U.S. dollar transactions; no overdraft fees.
Free domestic and international U.S. dollar wire transfers.
Advanced digital tools including API access to automate and customize your banking.
Unlimited refunds on all domestic ATM fees.

Cons

Can’t deposit cash.
Mercury is not part of a fee-free ATM network.

Mercury Business Bank Account

4.4

APY

N/A

Monthly fee

Bonus

$300

Requirements to qualify

at Mercury, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free U.S. dollar transactions; no overdraft fees.
Free domestic and international U.S. dollar wire transfers.
Advanced digital tools including API access to automate and customize your banking.
Unlimited refunds on all domestic ATM fees.

Cons

Can’t deposit cash.
Mercury is not part of a fee-free ATM network.

Found Small Business Banking

4.4

APY

2.00%

With $0 min. balance for APY

Monthly fee

Bonus

$125

Requirements to qualify

at Found, Deposits are FDIC Insured

Pros

No required monthly fee or minimum opening deposit.
No excess transaction fees or overdraft fees; free incoming domestic wires.
Free, built-in invoicing, bookkeeping and tax-planning features.
Integrates with popular business and gig work apps, including Stripe, DoorDash, Uber, Etsy and PayPal.
Account holders are assigned to a dedicated banker or customer support representative.
Built-in payroll features for contractors.

Cons

No weekend or after-hours phone support.
Not available to partnerships or nonprofit organizations.
No fee-free cash deposits.

Found Small Business Banking

4.4

APY

2.00%

With $0 min. balance for APY

Monthly fee

Bonus

$125

Requirements to qualify

at Found, Deposits are FDIC Insured

Pros

No required monthly fee or minimum opening deposit.
No excess transaction fees or overdraft fees; free incoming domestic wires.
Free, built-in invoicing, bookkeeping and tax-planning features.
Integrates with popular business and gig work apps, including Stripe, DoorDash, Uber, Etsy and PayPal.
Account holders are assigned to a dedicated banker or customer support representative.
Built-in payroll features for contractors.

Cons

No weekend or after-hours phone support.
Not available to partnerships or nonprofit organizations.
No fee-free cash deposits.

First Internet Bank Do More Business™ Checking

4.3

APY

0.50%

With $10,000 min. balance for APY

Monthly fee

Bonus

N/A

at First Internet Bank, Member FDIC

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions; no overdraft fees.
Up to $10 in monthly refunds for ATM fees charged by other banks.
APY of 0.50% with an average daily balance of $10,000 or more.

Cons

No cash deposits.
$15 fee for incoming wires.

First Internet Bank Do More Business™ Checking

4.3

APY

0.50%

With $10,000 min. balance for APY

Monthly fee

Bonus

N/A

at First Internet Bank, Member FDIC

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions; no overdraft fees.
Up to $10 in monthly refunds for ATM fees charged by other banks.
APY of 0.50% with an average daily balance of $10,000 or more.

Cons

No cash deposits.
$15 fee for incoming wires.

nbkc Business Account

4.6

APY

N/A

Monthly fee

Bonus

$250

Requirements to qualify

at nbkc bank, Member FDIC

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions, no overdraft fees and free incoming domestic wires.
Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
Unlimited cash deposits via MoneyPass and Allpoint ATMs.
Accept contactless payments via the NBKC app (iOS only). Fees apply.
Unlimited debit cards.

Cons

High fee ($45) for international wire transfers.
Phone support only available during business hours.
No third-party app integrations.

nbkc Business Account

4.6

APY

N/A

Monthly fee

Bonus

$250

Requirements to qualify

at nbkc bank, Member FDIC

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions, no overdraft fees and free incoming domestic wires.
Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
Unlimited cash deposits via MoneyPass and Allpoint ATMs.
Accept contactless payments via the NBKC app (iOS only). Fees apply.
Unlimited debit cards.

Cons

High fee ($45) for international wire transfers.
Phone support only available during business hours.
No third-party app integrations.

Brex Business Account

4.6

APY

N/A

Monthly fee

Bonus

N/A

at Brex, Deposits are FDIC Insured

Pros

No monthly fee or minimum opening deposit.
Unlimited fee-free transactions.
Ability to put cash in a money market fund to earn yield.
Includes rewards-earning Brex corporate credit card.
Free domestic and international wire transfers.

Cons

Can't deposit or withdraw cash.
Only available to venture-backed startups and mid-market companies.
Not available to sole proprietors or other unincorporated businesses.

Brex Business Account

4.6

APY

N/A

Monthly fee

Bonus

N/A

at Brex, Deposits are FDIC Insured

Pros

No monthly fee or minimum opening deposit.
Unlimited fee-free transactions.
Ability to put cash in a money market fund to earn yield.
Includes rewards-earning Brex corporate credit card.
Free domestic and international wire transfers.

Cons

Can't deposit or withdraw cash.
Only available to venture-backed startups and mid-market companies.
Not available to sole proprietors or other unincorporated businesses.

PNC Business Checking

4.1

APY

N/A

Monthly fee

$12.00

Waived with $500 average monthly balance

Bonus

$400

Requirements to qualify

Pros

Monthly fees waived for the first three months after account opening.
Welcome bonus for new customers.
No fees at 60,000 PNC ATMs, plus 2,600 branch locations.
Earn cash back at select merchants with PNC Purchase Payback.
Supports Zelle for Business.
Account holders are assigned to a dedicated banker or customer support representative.

Cons

No free business checking account options.
Limit of 150 fee-free transactions per month.
Very high wire transfer fees.

PNC Business Checking

4.1

APY

N/A

Monthly fee

$12.00

Waived with $500 average monthly balance

Bonus

$400

Requirements to qualify

Pros

Monthly fees waived for the first three months after account opening.
Welcome bonus for new customers.
No fees at 60,000 PNC ATMs, plus 2,600 branch locations.
Earn cash back at select merchants with PNC Purchase Payback.
Supports Zelle for Business.
Account holders are assigned to a dedicated banker or customer support representative.

Cons

No free business checking account options.
Limit of 150 fee-free transactions per month.
Very high wire transfer fees.

Novo Business Checking

4.2

APY

N/A

Monthly fee

Bonus

$300

Requirements to qualify

at Novo, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions and free incoming wires.
$7 per month in ATM fee refunds.
Direct integrations with Etsy, eBay, Amazon and WooCommerce.
Built-in invoicing.

Cons

Can’t deposit cash.
Not all customers can send domestic wire transfers.
No customer support by phone unless you're reporting fraud.
No bill pay feature.
Does not offer jointly owned accounts.
No spend controls on employee debit cards.

Novo Business Checking

4.2

APY

N/A

Monthly fee

Bonus

$300

Requirements to qualify

at Novo, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions and free incoming wires.
$7 per month in ATM fee refunds.
Direct integrations with Etsy, eBay, Amazon and WooCommerce.
Built-in invoicing.

Cons

Can’t deposit cash.
Not all customers can send domestic wire transfers.
No customer support by phone unless you're reporting fraud.
No bill pay feature.
Does not offer jointly owned accounts.
No spend controls on employee debit cards.

BMO Simple Business Checking

4.0

APY

N/A

Monthly fee

$10.00

Waived with $100 minimum balance

Bonus

$600

Requirements to qualify

Pros

Large sign-up bonus.
No fees at BMO Harris or 50,000 Allpoint ATMs and access to 1,000 branch locations.
No overdraft fees if account is overdrawn by $50 or less.
Supports Zelle for Business.

Cons

No free checking account option (though the minimum balance required to waive the monthly fee is lower than most other banks).
Limit of $2,000 in free cash deposit per statement period.
Limit of 100 fee-free transactions per month.

BMO Simple Business Checking

4.0

APY

N/A

Monthly fee

$10.00

Waived with $100 minimum balance

Bonus

$600

Requirements to qualify

Pros

Large sign-up bonus.
No fees at BMO Harris or 50,000 Allpoint ATMs and access to 1,000 branch locations.
No overdraft fees if account is overdrawn by $50 or less.
Supports Zelle for Business.

Cons

No free checking account option (though the minimum balance required to waive the monthly fee is lower than most other banks).
Limit of $2,000 in free cash deposit per statement period.
Limit of 100 fee-free transactions per month.

Capital One Business Basic Checking®

4.3

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

N/A

at Capital One, Member FDIC

Pros

Unlimited fee-free digital transactions, including mobile deposits, ACH transfers and some bill pay.
Full suite of business services, including business credit cards and loans.
No fees at nearly 80,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
No fee on cash deposits at Capital One and select Allpoint ATMs.

Cons

No free business checking account options.
Potential for up to 4 overdraft fees per day.

Capital One Business Basic Checking®

4.3

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

N/A

at Capital One, Member FDIC

Pros

Unlimited fee-free digital transactions, including mobile deposits, ACH transfers and some bill pay.
Full suite of business services, including business credit cards and loans.
No fees at nearly 80,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
No fee on cash deposits at Capital One and select Allpoint ATMs.

Cons

No free business checking account options.
Potential for up to 4 overdraft fees per day.

Huntington Business Checking 100

4.1

APY

N/A

Monthly fee

Bonus

$1,000

Requirements to qualify

Pros

No monthly service fee for Business Checking 100 account.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
Welcome bonus for new customers (terms apply).
No fees at 1,600 Huntington ATMs and access to 1,000 branches.
Supports Zelle for Business.

Cons

Fee for using out-of-network ATMs.
Accounts only available in 11 states.
Limit of $2,500 in free cash deposits per month.

Huntington Business Checking 100

4.1

APY

N/A

Monthly fee

Bonus

$1,000

Requirements to qualify

Pros

No monthly service fee for Business Checking 100 account.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
Welcome bonus for new customers (terms apply).
No fees at 1,600 Huntington ATMs and access to 1,000 branches.
Supports Zelle for Business.

Cons

Fee for using out-of-network ATMs.
Accounts only available in 11 states.
Limit of $2,500 in free cash deposits per month.

Wells Fargo Initiate Business Checking℠ Account

4.2

APY

N/A

Monthly fee

$10.00

Waived with $500 minimum balance

Bonus

N/A

Pros

Phone customer support available until 11 p.m. ET on weekdays and on Saturdays and Sundays.
No fees at Wells Fargo ATMs and access to around 4,900 branch locations.
Supports Zelle for Business.

Cons

No free business checking account option.
Limit of 100 fee-free transactions per month.

Wells Fargo Initiate Business Checking℠ Account

4.2

APY

N/A

Monthly fee

$10.00

Waived with $500 minimum balance

Bonus

N/A

Pros

Phone customer support available until 11 p.m. ET on weekdays and on Saturdays and Sundays.
No fees at Wells Fargo ATMs and access to around 4,900 branch locations.
Supports Zelle for Business.

Cons

No free business checking account option.
Limit of 100 fee-free transactions per month.

Citizens Bank Clearly Better Business Checking®

4.0

APY

N/A

Monthly fee

Bonus

N/A

Citizens Bank Clearly Better Business Checking®

4.0

APY

N/A

Monthly fee

Bonus

N/A

QuickBooks Money

4.2

APY

3.00%

With $0 min. balance for APY

Monthly fee

Bonus

N/A

Pros

Account holders can set money aside for specific purposes and earn 3% APY on it.
Built-in invoicing.
Built-in payment processing, which means same-day availability for some funds.

Cons

Only four free ATM withdrawals per month; $3 per withdrawal after that.
Does not offer jointly owned accounts.
Only one debit card per account.

QuickBooks Money

4.2

APY

3.00%

With $0 min. balance for APY

Monthly fee

Bonus

N/A

Pros

Account holders can set money aside for specific purposes and earn 3% APY on it.
Built-in invoicing.
Built-in payment processing, which means same-day availability for some funds.

Cons

Only four free ATM withdrawals per month; $3 per withdrawal after that.
Does not offer jointly owned accounts.
Only one debit card per account.

Navy Federal Credit Union Business Checking

4.2

APY

0.01%

With $0 min. balance for APY

Monthly fee

Bonus

N/A

Pros

No monthly fees.
Unlimited fee-free electronic transactions and free incoming wires.
No dollar limit on cash deposits (other limits may apply).
24/7 customer service.
No fees to deposit cash at Navy Federal or Co-Op Network ATMs.

Cons

High opening deposit (up to $255).
$29 fee for overdrafts, insufficient funds.
Eligibility limited to veterans, military members, Department of Defense employees and their families.
Does not offer jointly owned accounts.
No spend controls on employee debit cards.

Navy Federal Credit Union Business Checking

4.2

APY

0.01%

With $0 min. balance for APY

Monthly fee

Bonus

N/A

Pros

No monthly fees.
Unlimited fee-free electronic transactions and free incoming wires.
No dollar limit on cash deposits (other limits may apply).
24/7 customer service.
No fees to deposit cash at Navy Federal or Co-Op Network ATMs.

Cons

High opening deposit (up to $255).
$29 fee for overdrafts, insufficient funds.
Eligibility limited to veterans, military members, Department of Defense employees and their families.
Does not offer jointly owned accounts.
No spend controls on employee debit cards.

TD Business Simple Checking℠

4.1

APY

N/A

Monthly fee

$10.00

Bonus

$500

Requirements to qualify

Pros

24/7 live customer service.
Some branches are open late and on weekends, including Sundays.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
No fees at 2,600 TD Bank ATMs and access to 1,100 branches.
No fees if account is overdrawn by $50 or less.
Supports Zelle for Business.
iPhone users can accept payments via Tap to Pay in the TD Bank app. (Fees apply.)

Cons

No free business checking account option.
Accounts only available in 15 states and the District of Columbia.

TD Business Simple Checking℠

4.1

APY

N/A

Monthly fee

$10.00

Bonus

$500

Requirements to qualify

Pros

24/7 live customer service.
Some branches are open late and on weekends, including Sundays.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
No fees at 2,600 TD Bank ATMs and access to 1,100 branches.
No fees if account is overdrawn by $50 or less.
Supports Zelle for Business.
iPhone users can accept payments via Tap to Pay in the TD Bank app. (Fees apply.)

Cons

No free business checking account option.
Accounts only available in 15 states and the District of Columbia.

Live Oak Bank Business Savings

4.5

APY

3.00%

With $0.01 min. balance for APY

Monthly fee

Bonus

N/A

at Live Oak Bank, Member FDIC

Pros

High APY.
Earn interest on balances of $0.01 and higher.
No monthly maintenance fee or minimum deposit.

Cons

No ATM or debit card access for Business Savings account.
No weekend customer support.

Live Oak Bank Business Savings

4.5

APY

3.00%

With $0.01 min. balance for APY

Monthly fee

Bonus

N/A

at Live Oak Bank, Member FDIC

Pros

High APY.
Earn interest on balances of $0.01 and higher.
No monthly maintenance fee or minimum deposit.

Cons

No ATM or debit card access for Business Savings account.
No weekend customer support.

Money Transfer

APY

N/A

Monthly fee

Bonus

N/A

at Square, Inc.

Money Transfer

APY

N/A

Monthly fee

Bonus

N/A

at Square, Inc.

CitiBusiness® Streamlined Checking

3.9

APY

N/A

Monthly fee

$15.00

Waived with $5,000 minimum balance

Bonus

N/A

Pros

No fees at 60,000 Citibank and MoneyPass ATMs and access to more than 600 branches.
Up to $10,000 per month in free cash deposits.
Sign-up bonuses start at $300 when you deposit $5,000 and can reach $2,000 when you deposit $200,000.
Supports Zelle for Business.
Account holders are assigned to a dedicated banker or customer support representative.

Cons

Must visit a branch to open an account.
Business accounts are only available in 10 states plus Washington, D.C.
No spend controls on employee debit cards.

CitiBusiness® Streamlined Checking

3.9

APY

N/A

Monthly fee

$15.00

Waived with $5,000 minimum balance

Bonus

N/A

Pros

No fees at 60,000 Citibank and MoneyPass ATMs and access to more than 600 branches.
Up to $10,000 per month in free cash deposits.
Sign-up bonuses start at $300 when you deposit $5,000 and can reach $2,000 when you deposit $200,000.
Supports Zelle for Business.
Account holders are assigned to a dedicated banker or customer support representative.

Cons

Must visit a branch to open an account.
Business accounts are only available in 10 states plus Washington, D.C.
No spend controls on employee debit cards.

Santander Bank Basic Business Checking

3.0

APY

N/A

Monthly fee

$7.50

Waived with $1,500 minimum balance

Bonus

N/A

Santander Bank Basic Business Checking

3.0

APY

N/A

Monthly fee

$7.50

Waived with $1,500 minimum balance

Bonus

N/A

Regions LifeGreen Business Checking

3.0

APY

N/A

Monthly fee

$12.00

Waived with $2,500 minimum balance

Bonus

N/A

Regions LifeGreen Business Checking

3.0

APY

N/A

Monthly fee

$12.00

Waived with $2,500 minimum balance

Bonus

N/A

Truist Simple Business Checking

3.9

APY

N/A

Monthly fee

Bonus

N/A

Pros

Free business checking available, including an option for nonprofits.
Large branch network.
Supports Zelle for Business.

Cons

Restrictive transaction limit on Simple Business Checking.
Fee for using out-of-network ATMs.
Multiple extra fees, including for ACH service and QuickBooks integration.

Truist Simple Business Checking

3.9

APY

N/A

Monthly fee

Bonus

N/A

Pros

Free business checking available, including an option for nonprofits.
Large branch network.
Supports Zelle for Business.

Cons

Restrictive transaction limit on Simple Business Checking.
Fee for using out-of-network ATMs.
Multiple extra fees, including for ACH service and QuickBooks integration.

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≡ Show summary

Best banks for startups

American Express: Best for 24/7 customer support.
Axos: Best for welcome bonuses on checking and savings accounts.
Bank of America: Best for discounts and rewards for business owners.
Bluevine: Best for free business checking and business lines of credit.
Brex: Best for venture-backed startups with travel needs.
Chase: Best for full-service business banking.
Grasshopper: Best for free business checking and loans designed for startups.
Live Oak Bank: Best for business savings accounts and SBA loans.
Mercury: Best for expense management platform with financing options.
Relay: Best for multiple accounts.
Rho: Best for expense management platform with high FDIC insurance limits.

Bank/institution	Best for	NerdWallet rating	Monthly fee	APY	Bonus	Learn more
Bluevine Business Checking	Free business checking and business lines of credit	5.0 /5	$0	1.30% With $0 min. balance for APY	$500 Requirements to qualify	Learn more at Bluevine, Deposits are FDIC Insured
Pros No monthly fees or minimum opening deposit. Unlimited fee-free transactions; no overdraft fees. Earn 1.30% interest on account balances up to and including $250,000. Terms apply. Access up to $3 million in FDIC insurance with Insured Cash Sweep. No fees at MoneyPass ATMs. Account holders are assigned to a dedicated banker or customer support representative. Bill pay tools and invoicing with built-in payment links. Cons No fee-free cash deposits. Fee for using out-of-network ATMs. Does not offer jointly-owned accounts.

American Express® Business Checking	24/7 customer support	5.0 /5	$0	1.30% With $0 min. balance for APY	$30,000 Requirements to qualify	Learn more at American Express National Bank, Member FDIC
Pros No monthly fees or minimum opening deposit. No excess transaction fees and no charge for domestic incoming wires. Earn 1.30% APY on balances up to $500,000. 24/7 customer support. No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S. Cons Can’t deposit cash. No outgoing international wire transfers. Does not offer jointly owned accounts.

Relay Business Checking	Multiple accounts	4.9 /5	$0	N/A	N/A	Learn more at Relay, Deposits are FDIC Insured
Pros No required monthly fee or minimum balance requirement. Unlimited fee-free transactions; no overdraft fees. No foreign transaction fees when you use your Relay Visa® Debit abroad. Free incoming wires and low outgoing wire transfer fees. Up to 50 debit cards. Direct integration with Shopify. Cons Deposited checks may be held for up to 6-7 business days. No bill pay feature in the free plan.

Chase Business Complete Banking®	Full-service business banking	4.5 /5	$15.00 Waived with $2,000 minimum balance	N/A	$500 Requirements to qualify	Learn more at Chase, Member FDIC
Pros No minimum opening deposit. Unlimited fee-free electronic and debit card transactions. Integrated credit card processing. No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount. No fees at 15,400 Chase ATMs and access to around 4,900 branches. Cons $15 monthly fee. Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20). Fee for using out-of-network ATMs.

Grasshopper Innovator Business Checking Account	Free business checking and loans designed for startups	4.8 /5	$0	1.35% With $25,000 min. balance for APY	N/A	Learn more at Grasshopper Bank, Member FDIC
Pros Unlimited 1% cash back on qualified debit card purchases. Earn up to 1.35% APY. No monthly fees, transaction fees or overdraft charges. Free, built-in bookkeeping and invoicing software. Free incoming domestic wires; low fees on other wire transfers. Cons Can’t deposit cash. $100 minimum opening deposit. No weekend support.

Mercury Business Bank Account	Expense management platform with financing options	4.4 /5	$0	N/A	$300 Requirements to qualify	Learn more at Mercury, Deposits are FDIC Insured
Pros No monthly fees or minimum opening deposit. Unlimited fee-free U.S. dollar transactions; no overdraft fees. Free domestic and international U.S. dollar wire transfers. Advanced digital tools including API access to automate and customize your banking. Unlimited refunds on all domestic ATM fees. Cons Can’t deposit cash. Mercury is not part of a fee-free ATM network.

Axos Bank® Basic Business Checking	Welcome bonuses on checking and savings accounts	4.7 /5	$0	N/A	$200 Requirements to qualify	Learn more at Axos Bank®, Member FDIC
Pros No monthly fees or minimum opening deposit. Unlimited fee-free transactions and free incoming wires. Automatic refunds of all ATM fees (domestic). Cash deposits via Allpoint ATMs. Welcome bonus for new customers (terms apply). Cons $25 fee for insufficient funds/uncollected funds returned. No third-party app integrations.

Capital One Business Basic Checking®	Cash deposits	4.3 /5	$15.00 Waived with $2,000 minimum balance	N/A	N/A	Learn more at Capital One, Member FDIC
Pros Unlimited fee-free digital transactions, including mobile deposits, ACH transfers and some bill pay. Full suite of business services, including business credit cards and loans. No fees at nearly 80,000 ATMs, including the Capital One, MoneyPass and Allpoint networks. No fee on cash deposits at Capital One and select Allpoint ATMs. Cons No free business checking account options. Potential for up to 4 overdraft fees per day.

Rho Business Checking	Expense management platform with high FDIC insurance limits	4.3 /5	$0	N/A	$350 Requirements to qualify	Learn more at Rho, Deposits are FDIC Insured
Pros No monthly fees or minimum opening deposit. Unlimited fee-free transactions. Free domestic wires, same-day ACH transfers. No charge for international wires (third-party fees may apply). Cons No cash deposits or ATM access. Not available to sole proprietors. Long hold time for deposited checks.

Bank of America® Business Advantage Fundamentals™ Banking	Discounts and rewards for business owners	4.4 /5	$16.00 $0 for the first 12 statement cycles.	N/A	N/A	Read review
Pros No monthly fee for the first 12 statement cycles. Welcome offer for new accountholders. Loyalty perks via Preferred Rewards for Business program. Relatively low overdraft fees ($10 per item, limited to two per day) Cons $100 minimum opening deposit. Fee for using out-of-network ATMs. $16 monthly fee after introductory period ends.

Live Oak Bank Business Savings	Business savings accounts and SBA loans	4.5 /5	$0	3.00% With $0.01 min. balance for APY	N/A	Learn more at Live Oak Bank, Member FDIC
Pros High APY. Earn interest on balances of $0.01 and higher. No monthly maintenance fee or minimum deposit. Cons No ATM or debit card access for Business Savings account. No weekend customer support.

Brex Business Account	Venture-backed startups with travel needs	4.6 /5	$0	N/A	N/A	Learn more at Brex, Deposits are FDIC Insured
Pros No monthly fee or minimum opening deposit. Unlimited fee-free transactions. Ability to put cash in a money market fund to earn yield. Includes rewards-earning Brex corporate credit card. Free domestic and international wire transfers. Cons Can't deposit or withdraw cash. Only available to venture-backed startups and mid-market companies. Not available to sole proprietors or other unincorporated businesses.

Bank/institution Bank/institution	Best for Best for	NerdWallet rating NerdWallet rating	Monthly fee Monthly fee	APY APY	Bonus Bonus	Learn more Learn more
Bluevine Business Checking	Free business checking and business lines of credit	5.0 /5	$0	1.30% With $0 min. balance for APY	$500 Requirements to qualify	Learn more at Bluevine, Deposits are FDIC Insured
American Express® Business Checking	24/7 customer support	5.0 /5	$0	1.30% With $0 min. balance for APY	$30,000 Requirements to qualify	Learn more at American Express National Bank, Member FDIC
Relay Business Checking	Multiple accounts	4.9 /5	$0	N/A	N/A	Learn more at Relay, Deposits are FDIC Insured
Chase Business Complete Banking®	Full-service business banking	4.5 /5	$15.00 Waived with $2,000 minimum balance	N/A	$500 Requirements to qualify	Learn more at Chase, Member FDIC
Grasshopper Innovator Business Checking Account	Free business checking and loans designed for startups	4.8 /5	$0	1.35% With $25,000 min. balance for APY	N/A	Learn more at Grasshopper Bank, Member FDIC
Mercury Business Bank Account	Expense management platform with financing options	4.4 /5	$0	N/A	$300 Requirements to qualify	Learn more at Mercury, Deposits are FDIC Insured
Axos Bank® Basic Business Checking	Welcome bonuses on checking and savings accounts	4.7 /5	$0	N/A	$200 Requirements to qualify	Learn more at Axos Bank®, Member FDIC
Capital One Business Basic Checking®	Cash deposits	4.3 /5	$15.00 Waived with $2,000 minimum balance	N/A	N/A	Learn more at Capital One, Member FDIC
Rho Business Checking	Expense management platform with high FDIC insurance limits	4.3 /5	$0	N/A	$350 Requirements to qualify	Learn more at Rho, Deposits are FDIC Insured
Bank of America® Business Advantage Fundamentals™ Banking	Discounts and rewards for business owners	4.4 /5	$16.00 $0 for the first 12 statement cycles.	N/A	N/A	Read review
Live Oak Bank Business Savings	Business savings accounts and SBA loans	4.5 /5	$0	3.00% With $0.01 min. balance for APY	N/A	Learn more at Live Oak Bank, Member FDIC
Brex Business Account	Venture-backed startups with travel needs	4.6 /5	$0	N/A	N/A	Learn more at Brex, Deposits are FDIC Insured

Best overall online business checking account

Bluevine Business Checking

Best for Free business checking and business lines of credit

5.0

APY

1.30%

With $0 min. balance for APY

Monthly fee

Bonus

$500

Requirements to qualify

at Bluevine, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions; no overdraft fees.
Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
Access up to $3 million in FDIC insurance with Insured Cash Sweep.
No fees at MoneyPass ATMs.
Account holders are assigned to a dedicated banker or customer support representative.
Bill pay tools and invoicing with built-in payment links.

Cons

No fee-free cash deposits.
Fee for using out-of-network ATMs.
Does not offer jointly-owned accounts.

American Express® Business Checking

Best for 24/7 customer support

5.0

APY

1.30%

With $0 min. balance for APY

Monthly fee

Bonus

30,000 points

Requirements to qualify

at American Express National Bank, Member FDIC

Pros

No monthly fees or minimum opening deposit.
No excess transaction fees and no charge for domestic incoming wires.
Earn 1.30% APY on balances up to $500,000.
24/7 customer support.
No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.

Cons

Can’t deposit cash.
No outgoing international wire transfers.
Does not offer jointly owned accounts.

Relay Business Checking

Best for Multiple accounts

4.9

APY

N/A

Monthly fee

Bonus

N/A

at Relay, Deposits are FDIC Insured

Pros

No required monthly fee or minimum balance requirement.
Unlimited fee-free transactions; no overdraft fees.
No foreign transaction fees when you use your Relay Visa® Debit abroad.
Free incoming wires and low outgoing wire transfer fees.
Up to 50 debit cards.
Direct integration with Shopify.

Cons

Deposited checks may be held for up to 6-7 business days.
No bill pay feature in the free plan.

Chase Business Complete Banking®

Best for Full-service business banking

4.5

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

$500

Requirements to qualify

at Chase, Member FDIC

Pros

No minimum opening deposit.
Unlimited fee-free electronic and debit card transactions.
Integrated credit card processing.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
No fees at 15,400 Chase ATMs and access to around 4,900 branches.

Cons

$15 monthly fee.
Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
Fee for using out-of-network ATMs.

Grasshopper Innovator Business Checking Account

Best for Free business checking and loans designed for startups

4.8

APY

1.35%

With $25,000 min. balance for APY

Monthly fee

Bonus

N/A

Cash back on debit

at Grasshopper Bank, Member FDIC

Pros

Unlimited 1% cash back on qualified debit card purchases.
Earn up to 1.35% APY.
No monthly fees, transaction fees or overdraft charges.
Free, built-in bookkeeping and invoicing software.
Free incoming domestic wires; low fees on other wire transfers.

Cons

Can’t deposit cash.
$100 minimum opening deposit.
No weekend support.

Mercury Business Bank Account

Best for Expense management platform with financing options

4.4

APY

N/A

Monthly fee

Bonus

$300

Requirements to qualify

at Mercury, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free U.S. dollar transactions; no overdraft fees.
Free domestic and international U.S. dollar wire transfers.
Advanced digital tools including API access to automate and customize your banking.
Unlimited refunds on all domestic ATM fees.

Cons

Can’t deposit cash.
Mercury is not part of a fee-free ATM network.

Axos Bank® Basic Business Checking

Best for Welcome bonuses on checking and savings accounts

4.7

APY

N/A

Monthly fee

Bonus

$200

Requirements to qualify

Unlimited transactions

at Axos Bank®, Member FDIC

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions and free incoming wires.
Automatic refunds of all ATM fees (domestic).
Cash deposits via Allpoint ATMs.
Welcome bonus for new customers (terms apply).

Cons

$25 fee for insufficient funds/uncollected funds returned.
No third-party app integrations.

Capital One Business Basic Checking®

Best for Cash deposits

4.3

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

N/A

at Capital One, Member FDIC

Pros

Unlimited fee-free digital transactions, including mobile deposits, ACH transfers and some bill pay.
Full suite of business services, including business credit cards and loans.
No fees at nearly 80,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
No fee on cash deposits at Capital One and select Allpoint ATMs.

Cons

No free business checking account options.
Potential for up to 4 overdraft fees per day.

Rho Business Checking

Best for Expense management platform with high FDIC insurance limits

4.3

APY

N/A

Monthly fee

Bonus

$350

Requirements to qualify

at Rho, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions.
Free domestic wires, same-day ACH transfers.
No charge for international wires (third-party fees may apply).

Cons

No cash deposits or ATM access.
Not available to sole proprietors.
Long hold time for deposited checks.

Bank of America® Business Advantage Fundamentals™ Banking

Best for Discounts and rewards for business owners

4.4

APY

N/A

Monthly fee

$16.00

$0 for the first 12 statement cycles.

Bonus

N/A

Pros

No monthly fee for the first 12 statement cycles.
Welcome offer for new accountholders.
Loyalty perks via Preferred Rewards for Business program.
Relatively low overdraft fees ($10 per item, limited to two per day)

Cons

$100 minimum opening deposit.
Fee for using out-of-network ATMs.
$16 monthly fee after introductory period ends.

Live Oak Bank Business Savings

Best for Business savings accounts and SBA loans

4.5

APY

3.00%

With $0.01 min. balance for APY

Monthly fee

Bonus

N/A

at Live Oak Bank, Member FDIC

Pros

High APY.
Earn interest on balances of $0.01 and higher.
No monthly maintenance fee or minimum deposit.

Cons

No ATM or debit card access for Business Savings account.
No weekend customer support.

Brex Business Account

Best for Venture-backed startups with travel needs

4.6

APY

N/A

Monthly fee

Bonus

N/A

at Brex, Deposits are FDIC Insured

Pros

No monthly fee or minimum opening deposit.
Unlimited fee-free transactions.
Ability to put cash in a money market fund to earn yield.
Includes rewards-earning Brex corporate credit card.
Free domestic and international wire transfers.

Cons

Can't deposit or withdraw cash.
Only available to venture-backed startups and mid-market companies.
Not available to sole proprietors or other unincorporated businesses.

Sort by:

Best overall online business checking account

Bluevine Business Checking

Best for Free business checking and business lines of credit

5.0

APY

1.30%

With $0 min. balance for APY

Monthly fee

Bonus

$500

Requirements to qualify

at Bluevine, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions; no overdraft fees.
Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
Access up to $3 million in FDIC insurance with Insured Cash Sweep.
No fees at MoneyPass ATMs.
Account holders are assigned to a dedicated banker or customer support representative.
Bill pay tools and invoicing with built-in payment links.

Cons

No fee-free cash deposits.
Fee for using out-of-network ATMs.
Does not offer jointly-owned accounts.

Best overall online business checking account

Bluevine Business Checking

Best for Free business checking and business lines of credit

5.0

APY

1.30%

With $0 min. balance for APY

Monthly fee

Bonus

$500

Requirements to qualify

at Bluevine, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions; no overdraft fees.
Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
Access up to $3 million in FDIC insurance with Insured Cash Sweep.
No fees at MoneyPass ATMs.
Account holders are assigned to a dedicated banker or customer support representative.
Bill pay tools and invoicing with built-in payment links.

Cons

No fee-free cash deposits.
Fee for using out-of-network ATMs.
Does not offer jointly-owned accounts.

American Express® Business Checking

Best for 24/7 customer support

5.0

APY

1.30%

With $0 min. balance for APY

Monthly fee

Bonus

30,000 points

Requirements to qualify

at American Express National Bank, Member FDIC

Pros

No monthly fees or minimum opening deposit.
No excess transaction fees and no charge for domestic incoming wires.
Earn 1.30% APY on balances up to $500,000.
24/7 customer support.
No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.

Cons

Can’t deposit cash.
No outgoing international wire transfers.
Does not offer jointly owned accounts.

American Express® Business Checking

Best for 24/7 customer support

5.0

APY

1.30%

With $0 min. balance for APY

Monthly fee

Bonus

30,000 points

Requirements to qualify

at American Express National Bank, Member FDIC

Pros

No monthly fees or minimum opening deposit.
No excess transaction fees and no charge for domestic incoming wires.
Earn 1.30% APY on balances up to $500,000.
24/7 customer support.
No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.

Cons

Can’t deposit cash.
No outgoing international wire transfers.
Does not offer jointly owned accounts.

Relay Business Checking

Best for Multiple accounts

4.9

APY

N/A

Monthly fee

Bonus

N/A

at Relay, Deposits are FDIC Insured

Pros

No required monthly fee or minimum balance requirement.
Unlimited fee-free transactions; no overdraft fees.
No foreign transaction fees when you use your Relay Visa® Debit abroad.
Free incoming wires and low outgoing wire transfer fees.
Up to 50 debit cards.
Direct integration with Shopify.

Cons

Deposited checks may be held for up to 6-7 business days.
No bill pay feature in the free plan.

Relay Business Checking

Best for Multiple accounts

4.9

APY

N/A

Monthly fee

Bonus

N/A

at Relay, Deposits are FDIC Insured

Pros

No required monthly fee or minimum balance requirement.
Unlimited fee-free transactions; no overdraft fees.
No foreign transaction fees when you use your Relay Visa® Debit abroad.
Free incoming wires and low outgoing wire transfer fees.
Up to 50 debit cards.
Direct integration with Shopify.

Cons

Deposited checks may be held for up to 6-7 business days.
No bill pay feature in the free plan.

Chase Business Complete Banking®

Best for Full-service business banking

4.5

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

$500

Requirements to qualify

at Chase, Member FDIC

Pros

No minimum opening deposit.
Unlimited fee-free electronic and debit card transactions.
Integrated credit card processing.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
No fees at 15,400 Chase ATMs and access to around 4,900 branches.

Cons

$15 monthly fee.
Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
Fee for using out-of-network ATMs.

Chase Business Complete Banking®

Best for Full-service business banking

4.5

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

$500

Requirements to qualify

at Chase, Member FDIC

Pros

No minimum opening deposit.
Unlimited fee-free electronic and debit card transactions.
Integrated credit card processing.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
No fees at 15,400 Chase ATMs and access to around 4,900 branches.

Cons

$15 monthly fee.
Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
Fee for using out-of-network ATMs.

Grasshopper Innovator Business Checking Account

Best for Free business checking and loans designed for startups

4.8

APY

1.35%

With $25,000 min. balance for APY

Monthly fee

Bonus

N/A

Cash back on debit

at Grasshopper Bank, Member FDIC

Pros

Unlimited 1% cash back on qualified debit card purchases.
Earn up to 1.35% APY.
No monthly fees, transaction fees or overdraft charges.
Free, built-in bookkeeping and invoicing software.
Free incoming domestic wires; low fees on other wire transfers.

Cons

Can’t deposit cash.
$100 minimum opening deposit.
No weekend support.

Grasshopper Innovator Business Checking Account

Best for Free business checking and loans designed for startups

4.8

APY

1.35%

With $25,000 min. balance for APY

Monthly fee

Bonus

N/A

Cash back on debit

at Grasshopper Bank, Member FDIC

Pros

Unlimited 1% cash back on qualified debit card purchases.
Earn up to 1.35% APY.
No monthly fees, transaction fees or overdraft charges.
Free, built-in bookkeeping and invoicing software.
Free incoming domestic wires; low fees on other wire transfers.

Cons

Can’t deposit cash.
$100 minimum opening deposit.
No weekend support.

Mercury Business Bank Account

Best for Expense management platform with financing options

4.4

APY

N/A

Monthly fee

Bonus

$300

Requirements to qualify

at Mercury, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free U.S. dollar transactions; no overdraft fees.
Free domestic and international U.S. dollar wire transfers.
Advanced digital tools including API access to automate and customize your banking.
Unlimited refunds on all domestic ATM fees.

Cons

Can’t deposit cash.
Mercury is not part of a fee-free ATM network.

Mercury Business Bank Account

Best for Expense management platform with financing options

4.4

APY

N/A

Monthly fee

Bonus

$300

Requirements to qualify

at Mercury, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free U.S. dollar transactions; no overdraft fees.
Free domestic and international U.S. dollar wire transfers.
Advanced digital tools including API access to automate and customize your banking.
Unlimited refunds on all domestic ATM fees.

Cons

Can’t deposit cash.
Mercury is not part of a fee-free ATM network.

Axos Bank® Basic Business Checking

Best for Welcome bonuses on checking and savings accounts

4.7

APY

N/A

Monthly fee

Bonus

$200

Requirements to qualify

Unlimited transactions

at Axos Bank®, Member FDIC

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions and free incoming wires.
Automatic refunds of all ATM fees (domestic).
Cash deposits via Allpoint ATMs.
Welcome bonus for new customers (terms apply).

Cons

$25 fee for insufficient funds/uncollected funds returned.
No third-party app integrations.

Axos Bank® Basic Business Checking

Best for Welcome bonuses on checking and savings accounts

4.7

APY

N/A

Monthly fee

Bonus

$200

Requirements to qualify

Unlimited transactions

at Axos Bank®, Member FDIC

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions and free incoming wires.
Automatic refunds of all ATM fees (domestic).
Cash deposits via Allpoint ATMs.
Welcome bonus for new customers (terms apply).

Cons

$25 fee for insufficient funds/uncollected funds returned.
No third-party app integrations.

Capital One Business Basic Checking®

Best for Cash deposits

4.3

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

N/A

at Capital One, Member FDIC

Pros

Unlimited fee-free digital transactions, including mobile deposits, ACH transfers and some bill pay.
Full suite of business services, including business credit cards and loans.
No fees at nearly 80,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
No fee on cash deposits at Capital One and select Allpoint ATMs.

Cons

No free business checking account options.
Potential for up to 4 overdraft fees per day.

Capital One Business Basic Checking®

Best for Cash deposits

4.3

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

N/A

at Capital One, Member FDIC

Pros

Unlimited fee-free digital transactions, including mobile deposits, ACH transfers and some bill pay.
Full suite of business services, including business credit cards and loans.
No fees at nearly 80,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
No fee on cash deposits at Capital One and select Allpoint ATMs.

Cons

No free business checking account options.
Potential for up to 4 overdraft fees per day.

Rho Business Checking

Best for Expense management platform with high FDIC insurance limits

4.3

APY

N/A

Monthly fee

Bonus

$350

Requirements to qualify

at Rho, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions.
Free domestic wires, same-day ACH transfers.
No charge for international wires (third-party fees may apply).

Cons

No cash deposits or ATM access.
Not available to sole proprietors.
Long hold time for deposited checks.

Rho Business Checking

Best for Expense management platform with high FDIC insurance limits

4.3

APY

N/A

Monthly fee

Bonus

$350

Requirements to qualify

at Rho, Deposits are FDIC Insured

Pros

No monthly fees or minimum opening deposit.
Unlimited fee-free transactions.
Free domestic wires, same-day ACH transfers.
No charge for international wires (third-party fees may apply).

Cons

No cash deposits or ATM access.
Not available to sole proprietors.
Long hold time for deposited checks.

Bank of America® Business Advantage Fundamentals™ Banking

Best for Discounts and rewards for business owners

4.4

APY

N/A

Monthly fee

$16.00

$0 for the first 12 statement cycles.

Bonus

N/A

Pros

No monthly fee for the first 12 statement cycles.
Welcome offer for new accountholders.
Loyalty perks via Preferred Rewards for Business program.
Relatively low overdraft fees ($10 per item, limited to two per day)

Cons

$100 minimum opening deposit.
Fee for using out-of-network ATMs.
$16 monthly fee after introductory period ends.

Bank of America® Business Advantage Fundamentals™ Banking

Best for Discounts and rewards for business owners

4.4

APY

N/A

Monthly fee

$16.00

$0 for the first 12 statement cycles.

Bonus

N/A

Pros

No monthly fee for the first 12 statement cycles.
Welcome offer for new accountholders.
Loyalty perks via Preferred Rewards for Business program.
Relatively low overdraft fees ($10 per item, limited to two per day)

Cons

$100 minimum opening deposit.
Fee for using out-of-network ATMs.
$16 monthly fee after introductory period ends.

Live Oak Bank Business Savings

Best for Business savings accounts and SBA loans

4.5

APY

3.00%

With $0.01 min. balance for APY

Monthly fee

Bonus

N/A

at Live Oak Bank, Member FDIC

Pros

High APY.
Earn interest on balances of $0.01 and higher.
No monthly maintenance fee or minimum deposit.

Cons

No ATM or debit card access for Business Savings account.
No weekend customer support.

Live Oak Bank Business Savings

Best for Business savings accounts and SBA loans

4.5

APY

3.00%

With $0.01 min. balance for APY

Monthly fee

Bonus

N/A

at Live Oak Bank, Member FDIC

Pros

High APY.
Earn interest on balances of $0.01 and higher.
No monthly maintenance fee or minimum deposit.

Cons

No ATM or debit card access for Business Savings account.
No weekend customer support.

Brex Business Account

Best for Venture-backed startups with travel needs

4.6

APY

N/A

Monthly fee

Bonus

N/A

at Brex, Deposits are FDIC Insured

Pros

No monthly fee or minimum opening deposit.
Unlimited fee-free transactions.
Ability to put cash in a money market fund to earn yield.
Includes rewards-earning Brex corporate credit card.
Free domestic and international wire transfers.

Cons

Can't deposit or withdraw cash.
Only available to venture-backed startups and mid-market companies.
Not available to sole proprietors or other unincorporated businesses.

Brex Business Account

Best for Venture-backed startups with travel needs

4.6

APY

N/A

Monthly fee

Bonus

N/A

AmEx business credit cards

at Brex, Deposits are FDIC Insured

Pros

No monthly fee or minimum opening deposit.
Unlimited fee-free transactions.
Ability to put cash in a money market fund to earn yield.
Includes rewards-earning Brex corporate credit card.
Free domestic and international wire transfers.

Cons

Can't deposit or withdraw cash.
Only available to venture-backed startups and mid-market companies.
Not available to sole proprietors or other unincorporated businesses.

Jump to

Best banks for new businesses

American Express

Best for: 24/7 customer support

✅ Why we like it: American Express Business Checking is a great choice for small-business owners who value convenience and round-the-clock customer support. Between that account’s 1.3% APY and the startup-friendly suite of

, this institution offers a lot of value for entrepreneurs.

🚫 Look elsewhere if: Your business takes many payments in cash (AmEx doesn’t accept cash deposits).

AmEx products and services at a glance

Free business checking accounts	✅
Business savings options	✖
Business lines of credit	✅ (Read NerdWallet’s review)
SBA loans	✖
Business credit cards	✅ (Read NerdWallet’s review)
Expanded FDIC insurance through insured cash sweep	✖
Interest on your checking account balances	✅
Corporate cards	✅
Rewards on debit card or corporate card spending	✖

Axos

Best for: Welcome bonuses on checking and savings accounts

✅ Why we like it: Axos's business checking account isn't particularly special, but the bank offers a competitive

business savings account

that pays 3.6% APY as of this writing. Both offer great sign-up bonuses. And customers with high balances can take advantage of an Insured Cash Sweep network to expand their FDIC insurance to up to $265 million in deposits.

🚫 Look elsewhere if: You want to develop a relationship with a lending institution. Axos offers SBA loans through a partner but isn't a lender itself.

» MORE:

Best banks for small-business loans

Axos products and services at a glance

Free business checking accounts	✅
Business savings options	✅ (Savings accounts, money market accounts and CDs)
Business lines of credit	✖
SBA loans	✅ (Through a partner)
Business credit cards	✖
Expanded FDIC insurance through insured cash sweep	✅
Interest on your checking account balances	✅ (Only on the Business Interest Checking account, which has a monthly fee)
Corporate cards	✖
Rewards on debit card or corporate card spending	✖

Bank of America

Best for: Discounts and rewards for business owners

✅ Why we like it: Bank of America offers all the services you’d expect from a national bank — business checking and savings accounts,

business lines of credit

, credit cards and even

SBA loans

. And if your average checking account balance exceeds $20,000, you can qualify for bonus credit card rewards, a higher interest rate on savings and discounts on business loans, payment processing and payroll services.

🚫 Look elsewhere if: You want to avoid a monthly fee or fees on services like wire transfers — Bank of America, like many brick-and-mortar banks, charges relatively high ones.

Bank of America products and services at a glance

Free business checking accounts	✖
Business savings options	✅ (Savings accounts and CDs)
Business lines of credit	✅
SBA loans	✅ (Read NerdWallet’s review of Bank of America business loans)
Business credit cards	✅ (Read NerdWallet's review)
Expanded FDIC insurance through insured cash sweep	✖
Interest on your checking account balances	✖
Corporate cards	✅
Rewards on debit card or corporate card spending	✖

Bluevine

Best for: Free business checking and business lines of credit

✅ Why we like it: Bluevine’s

free business checking account

is a good fit for small-business owners seeking to maximize value and convenience. While Bluevine is a financial technology company, not a bank, it offers all of the banking services most entrepreneurs need via a partnership with Coastal Community Bank — like FDIC insurance, unlimited fee-free transactions, checks, wires and a top-of-the-line 1.3% APY (which can go higher for paying customers). Bluevine also says it can fund

business lines of credit

in as little as 24 hours.

🚫 Look elsewhere if: You make frequent or large cash deposits, as Bluevine's fees may add up.

Bluevine products and services at a glance

Free business checking accounts	✅
Business savings options	✖
Business lines of credit	✅ (Read NerdWallet's review)
SBA loans	✖
Business credit cards	✅ (Qualifying Bluevine customers only)
Expanded FDIC insurance through insured cash sweep	✅
Interest on your checking account balances	✅
Corporate cards	✖
Rewards on debit card or corporate card spending	✖

Capital One

Best for: Cash deposits

✅ Why we like it: Capital One's business checking accounts include unlimited in-person and electronic transactions with no fees, which is rare for a brick-and-mortar bank. Its cash deposit fees are low — $5,000 in fee-free deposits each month and then just $1 per $1,000, and deposits at certain Allpoint+ ATMs are free. Plus, Capital One also offers some excellent

business credit cards

🚫 Look elsewhere if: You don't live near a Capital One branch. They're concentrated in eight states and Washington, D.C.

Capital One products and services at a glance

Free business checking accounts	✖
Business savings options	✅ (Savings accounts and CDs)
Business lines of credit	✅
SBA loans	✅ (Read NerdWallet’s review of Capital One's business loans)
Business credit cards	✅ (Read NerdWallet's review)
Expanded FDIC insurance through insured cash sweep	✖
Interest on your checking account balances	✖
Corporate cards	✅
Rewards on debit card or corporate card spending	✖

Chase Bank

Best for: Full-service business banking

✅ Why we like it: Chase is best for small-business owners who want a traditional banking experience, including branch access and an ongoing relationship with a banker. Chase serves businesses of all sizes and offers a variety of loan, credit card and business savings products.

🚫 Look elsewhere if: You want to avoid paying many fees on your checking account — Chase, like most brick-and-mortar banks, charges quite a few.

Chase products and services at a glance

Free business checking accounts	✖
Business savings options	✅ (Savings accounts and CDs)
Business lines of credit	✅
SBA loans	✅ (Read NerdWallet’s review of Chase business loans)
Business credit cards	✅ (Read NerdWallet's review)
Expanded FDIC insurance through insured cash sweep	✖
Interest on your checking account balances	✖
Corporate cards	✖
Rewards on debit card or corporate card spending	✖

Grasshopper

Best for: Free business checking and loans designed for startups

✅ Why we like it: Grasshopper Bank serves startups specifically. Its business checking account is a good fit for businesses that don’t handle cash, as account holders can’t access ATMs — but the account offers lots of value in other ways, including up to 1.35% APY on balances and cash back on debit card purchases. Grasshopper also makes

SBA 7(a)

and

504 loans

, general partner loans, fund capital call lines of credit and net asset value loans.

🚫 Look elsewhere if: Your business takes many payments in cash (Grasshopper doesn’t accept cash deposits).

Grasshopper products and services at a glance

Free business checking accounts	✅
Business savings options	✅ (Money market accounts)
Business lines of credit	✖
SBA loans	✅
Business credit cards	✖
Expanded FDIC insurance through insured cash sweep	✅
Interest on your checking account balances	✅
Corporate cards	✖
Rewards on debit card or corporate card spending	✅

Live Oak Bank

Best for: Business savings accounts and SBA loans

✅ Why we like it: Live Oak Bank was the second-largest SBA 7(a) lender in the U.S. by dollar amount in the 2024 fiscal year. You don’t have to bank with Live Oak to apply for its SBA loans — but it’s worth a look for its business savings account, which pays 3% APY. That makes it a great place for your emergency fund.

Compare the best SBA lenders

» MORE:

🚫 Look elsewhere if: Your top priority is a checking account — Live Oak's doesn't have much to offer.

Live Oak Bank products and services at a glance

Free business checking accounts	✖
Business savings options	✅ (Savings accounts and CDs)
Business lines of credit	✖
SBA loans	✅
Business credit cards	✖
Expanded FDIC insurance through insured cash sweep	✅
Interest on your checking account balances	✖
Corporate cards	✖
Rewards on debit card or corporate card spending	✖

Relay

Best for: Multiple accounts

✅ Why we like it: Relay is a fintech company that offers a standout free business checking account. Users can create up to 20 sub-accounts, which makes Relay a good fit for larger small businesses with more complex budgeting systems. Startups may also want to note Relay’s low wire transfer fees: Incoming wires are free, and outgoing wires cost just $5 for domestic transfers and $10 for international transfers. The company's savings account is worth a look, too.

🚫 Look elsewhere if: You want to turn to your banking partner for financing someday. Relay offers credit cards to certain customers, but you'll need to go elsewhere for a business line of credit or term loan.

Relay products and services at a glance

Free business checking accounts	✅
Business savings options	✅ (Savings accounts)
Business lines of credit	✖
SBA loans	✖
Business credit cards	✅ (Qualifying Relay customers only)
Expanded FDIC insurance through insured cash sweep	✅
Interest on your checking account balances	✖
Corporate cards	✖
Rewards on debit card or corporate card spending	✖

Bank accounts designed for venture-backed startups

Brex

Best for: Venture-backed startups with travel needs

✅ Why we like it: Brex offers both banking and corporate card services designed for venture-backed startups and mid-market companies. Its program is a particularly good fit for businesses with lots of travel needs, as Brex offers its own travel management platform and you’ll earn higher rewards rates on travel bookings than on other types of spending.

🚫 Look elsewhere if: Your business hasn't raised venture funding. To qualify for Brex, you'll need at least $100,000 in angel funding plus $50,000 in cash or at least $1 million per year in annual revenue.

Brex products and services at a glance

Free business checking accounts	✅
Business savings options	✅ (Treasury accounts)
Business lines of credit	✖
SBA loans	✖
Business credit cards	✖
Expanded FDIC insurance through insured cash sweep	✅
Interest on your checking account balances	✖
Corporate cards	✅
Rewards on debit card or corporate card spending	✅

Mercury

Best for: Expense management platform with financing options

✅ Why we like it: Mercury customers can open a business checking account and use a treasury account to grow their business savings, and wire transfers in U.S. dollars are free. Through Mercury’s

corporate credit card

program and its associated software, you can issue physical and virtual cards to your team members and set controls on each one. And this fintech also offers working capital loans and venture debt financing.

🚫 Look elsewhere if: Phone-based customer support matters to you — Mercury’s is primarily offered via email and messaging.

Mercury products and services at a glance

Free business checking accounts	✅
Business savings options	✅ (Treasury accounts)
Business lines of credit	✖
SBA loans	✖
Business credit cards	✖
Expanded FDIC insurance through insured cash sweep	✅
Interest on your checking account balances	✖
Corporate cards	✅
Rewards on debit card or corporate card spending	✅

Rho

Best for: Expense management platform with high FDIC insurance limits

✅ Why we like it: Like Mercury and Brex, Rho offers business checking and treasury accounts along with corporate cards and spend management software. Rho also offers a whopping $75 million in FDIC insurance coverage via its

Insured Cash Sweep

network, though — far more than Mercury’s $5 million or Brex’s $6 million.