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Best-of Awards 2026
Nerdwallet best-of awards
2026 BEST Online Business Checking Account
Bluevine Business Checking
Best for Online banking
APY
1.30%
With $0 min. balance for APY
Monthly fee
$0
Bonus
$500
Requirements to qualify
at Bluevine, Deposits are FDIC Insured
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
- Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance.
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
APY
1.30%
Monthly fee
$0
Bonus
30,000 Points
Requirements to qualify
at American Express National Bank, Member FDIC
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- 24/7 customer support.
- No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
- Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
U.S. Bank Business Essentials
Best for Free account at a brick-and-mortar bank
APY
N/A
Monthly fee
$0
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.
- Receive and send payments via Zelle.
- Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.
Cons
- $25 minimum opening deposit.
- Fee for using out-of-network ATMs.
- High overdraft, wire transfer fees.
- $1 fee for outgoing domestic ACH transfers.
Nerdwallet best-of awards
2026 BEST Brick-and-mortar Business Checking Account
Chase Business Complete Banking®
Best for Brick-and-mortar banking
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
Earn up to $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 thousands of Chase ATMs and access to around 5,000 branches.
- Receive and send payments via Zelle.
Cons
- $15 monthly fee.
- Monthly limit on physical transactions (20).
- Fee for using out-of-network ATMs.
Relay Business Checking
Best for Managing multiple LLCs
APY
N/A
Monthly fee
$0
Bonus
N/A
at Relay, Deposits are FDIC Insured
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
Cons
- No bill pay feature in the free plan.
Mercury Business Account
Best for Companies with cash reserves
APY
N/A
Monthly fee
$0
Bonus
$300
Requirements to qualify
at Mercury, Deposits are FDIC Insured
Pros
- Free domestic and international U.S. dollar wire transfers.
- Unlimited refunds on all domestic ATM fees.
- No monthly fee, minimum opening deposit, excess transaction fee on U.S. dollar transactions or overdraft fees.
- Users can apply for the rewards-earning Mercury IO Card, a corporate credit card with numerous expense control tools.
Cons
- Can’t deposit cash.
- Choice Financial Group, one of Mercury’s banking partners, is currently under a federal consent order.
Grasshopper Innovator Business Checking Account
Best for 1% cash back on debit card purchases
APY
1.35%
With $25,000 min. balance for APY
Monthly fee
$0
Bonus
$300
Requirements to qualify
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.
- Low fees on wire transfers.
- All account holders are assigned to a dedicated banker or customer support representative.
Cons
- $100 minimum opening deposit.
Capital One Business Basic Checking®
Best for Businesses that handle cash
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
$500
Requirements to qualify
at Capital One, Member FDIC
Pros
- No minimum opening deposit.
- Unlimited fee-free digital transactions.
- No fees at more than 70,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
- No fee on cash deposits at Capital One and select Allpoint ATMs.
Cons
- $15 monthly service fee.
- High overdraft, wire transfer fees.
- Invoicing, payment processing not included.
Found Small Business Banking
Best for Managing payments to contractors
APY
2.00%
Terms Apply¹
Monthly fee
$0
None Required*
Bonus
$125
Bonus Terms Apply²
at Lead Bank, Deposits are FDIC Insured
Pros
- No required monthly fee*, minimum opening deposit, excess transaction or overdraft fees.
- Built-in invoicing, bookkeeping and tax-planning features.
- Built-in payroll features for contractors.
- Can manage up to 5 businesses from a single login.
Cons
- No weekend or after-hours phone support.
- Subscription required to earn interest.
Lili Core Business Checking
Best for Building your business credit
APY
N/A
Monthly fee
$0
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.
North One Standard Business Checking
Best for High APY
APY
2.50%
With $0 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
- Earn 2.5% APY on balances up to $250,000. Terms apply.
Cons
- No fee-free cash deposits.
- Can’t send or receive international wires.
- Not available to nonprofit organizations.
- No spend controls on employee debit cards.
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No monthly fee - No minimum deposit
- No overdraft fees
- Free cash deposits
- Interest-earning
- Physical checks
- Cash deposits
- Insured cash sweep
- Invoicing
- Payment processing
- Sub-accounts
- Branch access
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Nerdwallet best-of awards
2026 BEST Online Business Checking Account
Bluevine Business Checking
Best for Online banking
APY
1.30%
With $0 min. balance for APY
Monthly fee
$0
Bonus
$500
Requirements to qualify
at Bluevine, Deposits are FDIC Insured
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
- Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance.
Cons
- No fee-free cash deposits.
- Fee for using out-of-network ATMs.
- Does not offer jointly-owned accounts.
With no monthly fees and unlimited transactions, Bluevine’s online business checking account is a great option for LLCs that want to manage their finances digitally. This high-yield account also boasts a great APY and built-in invoicing, payment processing and accounts payable tools. One downside: no free cash deposits.
Min. opening deposit
$0
Free cash deposits
No
Fees vary by location.
Overdraft fees
$0
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
- Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance.
Cons
- No fee-free cash deposits.
- Fee for using out-of-network ATMs.
- Does not offer jointly-owned accounts.
With no monthly fees and unlimited transactions, Bluevine’s online business checking account is a great option for LLCs that want to manage their finances digitally. This high-yield account also boasts a great APY and built-in invoicing, payment processing and accounts payable tools. One downside: no free cash deposits.
Min. opening deposit
$0
Free cash deposits
No
Fees vary by location.
Overdraft fees
$0
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
- Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance.
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
APY
1.30%
Monthly fee
$0
Bonus
30,000 Points
Requirements to qualify
at American Express National Bank, Member FDIC
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- 24/7 customer support.
- No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
- Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
American Express's business checking account doesn't support cash deposits at all. But it gets high marks for just about everything else — few fees, a competitive APY, 24/7 customer support and a generous welcome bonus. You’ll also earn 1 Membership Rewards point for every $2 you spend with your debit card.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
N/A
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- 24/7 customer support.
- No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
- Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
American Express's business checking account doesn't support cash deposits at all. But it gets high marks for just about everything else — few fees, a competitive APY, 24/7 customer support and a generous welcome bonus. You’ll also earn 1 Membership Rewards point for every $2 you spend with your debit card.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
N/A
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- 24/7 customer support.
- No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
- Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
U.S. Bank Business Essentials
Best for Free account at a brick-and-mortar bank
APY
N/A
Monthly fee
$0
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.
- Receive and send payments via Zelle.
- Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.
Cons
- $25 minimum opening deposit.
- Fee for using out-of-network ATMs.
- High overdraft, wire transfer fees.
- $1 fee for outgoing domestic ACH transfers.
It's unusual to find a free business checking account from a big brick-and-mortar bank, but U.S. Bank has one. Plus, new customers get a free mobile card reader, and all users can take or send payments with Zelle®. Both make it a great choice for companies that do in-person B2C sales. The account has a nice bonus right now, too.
Min. opening deposit
$25
Free cash deposits
Yes
Up to 25 free cash deposit units per statement cycle.
Overdraft fees
$36
Pros
- No monthly service fee.
- Welcome bonus for new customers (terms apply).
- Unlimited fee-free electronic and debit card transactions.
- Receive and send payments via Zelle.
- Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.
Cons
- $25 minimum opening deposit.
- Fee for using out-of-network ATMs.
- High overdraft, wire transfer fees.
- $1 fee for outgoing domestic ACH transfers.
It's unusual to find a free business checking account from a big brick-and-mortar bank, but U.S. Bank has one. Plus, new customers get a free mobile card reader, and all users can take or send payments with Zelle®. Both make it a great choice for companies that do in-person B2C sales. The account has a nice bonus right now, too.
Min. opening deposit
$25
Free cash deposits
Yes
Up to 25 free cash deposit units per statement cycle.
Overdraft fees
$36
Pros
- No monthly service fee.
- Welcome bonus for new customers (terms apply).
- Unlimited fee-free electronic and debit card transactions.
- Receive and send payments via Zelle.
- Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.
Cons
- $25 minimum opening deposit.
- Fee for using out-of-network ATMs.
- High overdraft, wire transfer fees.
- $1 fee for outgoing domestic ACH transfers.
Nerdwallet best-of awards
2026 BEST Brick-and-mortar Business Checking Account
Chase Business Complete Banking®
Best for Brick-and-mortar banking
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
Earn up to $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 thousands of Chase ATMs and access to around 5,000 branches.
- Receive and send payments via Zelle.
Cons
- $15 monthly fee.
- Monthly limit on physical transactions (20).
- Fee for using out-of-network ATMs.
The Chase Business Complete Checking account includes unlimited electronic deposits, offers the opportunity to earn a sign-up bonus and has a low monthly fee. It gives you the ability to use Chase QuickAccept℠ to take credit card payments with the Chase mobile app. You can accept or send payments with Zelle®, too.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$34
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 thousands of Chase ATMs and access to around 5,000 branches.
- Receive and send payments via Zelle.
Cons
- $15 monthly fee.
- Monthly limit on physical transactions (20).
- Fee for using out-of-network ATMs.
The Chase Business Complete Checking account includes unlimited electronic deposits, offers the opportunity to earn a sign-up bonus and has a low monthly fee. It gives you the ability to use Chase QuickAccept℠ to take credit card payments with the Chase mobile app. You can accept or send payments with Zelle®, too.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$34
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 thousands of Chase ATMs and access to around 5,000 branches.
- Receive and send payments via Zelle.
Cons
- $15 monthly fee.
- Monthly limit on physical transactions (20).
- Fee for using out-of-network ATMs.
Relay Business Checking
Best for Managing multiple LLCs
APY
N/A
Monthly fee
$0
Bonus
N/A
at Relay, Deposits are FDIC Insured
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
Cons
- No bill pay feature in the free plan.
This free online banking platform offers unlimited fee-free transactions, has no overdraft fees and includes free incoming wires. Users can create accounts for multiple businesses using the same login information, allowing you to use the same banking platform to manage several different LLCs.
Relay offers expense management tools, like built-in receipt uploading and automatic expense categorization, that few other bank accounts match. Beyond that, you can issue up to 50 business debit cards (physical or virtual), which may make it a good choice if any of your LLCs have multiple owners or managers.
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$0
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
Cons
- No bill pay feature in the free plan.
This free online banking platform offers unlimited fee-free transactions, has no overdraft fees and includes free incoming wires. Users can create accounts for multiple businesses using the same login information, allowing you to use the same banking platform to manage several different LLCs.
Relay offers expense management tools, like built-in receipt uploading and automatic expense categorization, that few other bank accounts match. Beyond that, you can issue up to 50 business debit cards (physical or virtual), which may make it a good choice if any of your LLCs have multiple owners or managers.
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$0
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
Cons
- No bill pay feature in the free plan.
Mercury Business Account
Best for Companies with cash reserves
APY
N/A
Monthly fee
$0
Bonus
$300
Requirements to qualify
at Mercury, Deposits are FDIC Insured
Pros
- Free domestic and international U.S. dollar wire transfers.
- Unlimited refunds on all domestic ATM fees.
- No monthly fee, minimum opening deposit, excess transaction fee on U.S. dollar transactions or overdraft fees.
- Users can apply for the rewards-earning Mercury IO Card, a corporate credit card with numerous expense control tools.
Cons
- Can’t deposit cash.
- Choice Financial Group, one of Mercury’s banking partners, is currently under a federal consent order.
Mercury’s business bank account is a great option for LLCs that have a large operating budget and a lot of cash to manage. This neobank’s business checking account offers up to $5 million in FDIC insurance coverage through its partner banks, which participate in a sweep network. Companies with at least $500,000 in their Mercury Checking account can also apply for and open a Mercury Treasury account to earn a high APY on idle funds.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
Pros
- Free domestic and international U.S. dollar wire transfers.
- Unlimited refunds on all domestic ATM fees.
- No monthly fee, minimum opening deposit, excess transaction fee on U.S. dollar transactions or overdraft fees.
- Users can apply for the rewards-earning Mercury IO Card, a corporate credit card with numerous expense control tools.
Cons
- Can’t deposit cash.
- Choice Financial Group, one of Mercury’s banking partners, is currently under a federal consent order.
Mercury’s business bank account is a great option for LLCs that have a large operating budget and a lot of cash to manage. This neobank’s business checking account offers up to $5 million in FDIC insurance coverage through its partner banks, which participate in a sweep network. Companies with at least $500,000 in their Mercury Checking account can also apply for and open a Mercury Treasury account to earn a high APY on idle funds.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
Pros
- Free domestic and international U.S. dollar wire transfers.
- Unlimited refunds on all domestic ATM fees.
- No monthly fee, minimum opening deposit, excess transaction fee on U.S. dollar transactions or overdraft fees.
- Users can apply for the rewards-earning Mercury IO Card, a corporate credit card with numerous expense control tools.
Cons
- Can’t deposit cash.
- Choice Financial Group, one of Mercury’s banking partners, is currently under a federal consent order.
Grasshopper Innovator Business Checking Account
Best for 1% cash back on debit card purchases
APY
1.35%
With $25,000 min. balance for APY
Monthly fee
$0
Bonus
$300
Requirements to qualify
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.
- Low fees on wire transfers.
- All account holders are assigned to a dedicated banker or customer support representative.
Cons
- $100 minimum opening deposit.
Grasshopper Bank’s free business checking account offers up to 1.35% APY and unlimited 1% cash back on debit card purchases, a rare feature among checking accounts. The bank also assigns every user a relationship manager. Customers get free, built-in access to Autobooks, which includes tools for bookkeeping and invoicing. Grasshopper does not support cash deposits, though.
Min. opening deposit
$100
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
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.
- Low fees on wire transfers.
- All account holders are assigned to a dedicated banker or customer support representative.
Cons
- $100 minimum opening deposit.
Grasshopper Bank’s free business checking account offers up to 1.35% APY and unlimited 1% cash back on debit card purchases, a rare feature among checking accounts. The bank also assigns every user a relationship manager. Customers get free, built-in access to Autobooks, which includes tools for bookkeeping and invoicing. Grasshopper does not support cash deposits, though.
Min. opening deposit
$100
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
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.
- Low fees on wire transfers.
- All account holders are assigned to a dedicated banker or customer support representative.
Cons
- $100 minimum opening deposit.
Capital One Business Basic Checking®
Best for Businesses that handle cash
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
$500
Requirements to qualify
at Capital One, Member FDIC
Pros
- No minimum opening deposit.
- Unlimited fee-free digital transactions.
- No fees at more than 70,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
- No fee on cash deposits at Capital One and select Allpoint ATMs.
Cons
- $15 monthly service fee.
- High overdraft, wire transfer fees.
- Invoicing, payment processing not included.
Capital One business checking customers can deposit up to $5,000 per month in cash with bank tellers before fees kick in. Beyond that, users can turn to Allpoint+ ATMs for further fee-free deposits. Capital One customers can also make fee-free cash withdrawals at Capital One, Allpoint and MoneyPass ATMs nationwide.
Min. opening deposit
$0
Free cash deposits
Yes
$5,000 included monthly at no charge; $1 for every $1,000 deposited after that
Overdraft fees
$35
Pros
- No minimum opening deposit.
- Unlimited fee-free digital transactions.
- No fees at more than 70,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
- No fee on cash deposits at Capital One and select Allpoint ATMs.
Cons
- $15 monthly service fee.
- High overdraft, wire transfer fees.
- Invoicing, payment processing not included.
Capital One business checking customers can deposit up to $5,000 per month in cash with bank tellers before fees kick in. Beyond that, users can turn to Allpoint+ ATMs for further fee-free deposits. Capital One customers can also make fee-free cash withdrawals at Capital One, Allpoint and MoneyPass ATMs nationwide.
Min. opening deposit
$0
Free cash deposits
Yes
$5,000 included monthly at no charge; $1 for every $1,000 deposited after that
Overdraft fees
$35
Pros
- No minimum opening deposit.
- Unlimited fee-free digital transactions.
- No fees at more than 70,000 ATMs, including the Capital One, MoneyPass and Allpoint networks.
- No fee on cash deposits at Capital One and select Allpoint ATMs.
Cons
- $15 monthly service fee.
- High overdraft, wire transfer fees.
- Invoicing, payment processing not included.
Found Small Business Banking
Best for Managing payments to contractors
APY
2.00%
Terms Apply¹
Monthly fee
$0
None Required*
Bonus
$125
Bonus Terms Apply²
at Lead Bank, Deposits are FDIC Insured
Pros
- No required monthly fee*, minimum opening deposit, excess transaction or overdraft fees.
- Built-in invoicing, bookkeeping and tax-planning features.
- Built-in payroll features for contractors.
- Can manage up to 5 businesses from a single login.
Cons
- No weekend or after-hours phone support.
- Subscription required to earn interest.
Found's free online business checking account allows you to create and save contractors' tax forms. You can pay them directly within the platform as well — a feature that could save you quite a bit of money on payroll software. Also included: built-in invoicing and bookkeeping tools.
Min. opening deposit
$0
Free cash deposits
No
$1.75 fee per deposit
Overdraft fees
$0
Pros
- No required monthly fee*, minimum opening deposit, excess transaction or overdraft fees.
- Built-in invoicing, bookkeeping and tax-planning features.
- Built-in payroll features for contractors.
- Can manage up to 5 businesses from a single login.
Cons
- No weekend or after-hours phone support.
- Subscription required to earn interest.
Found's free online business checking account allows you to create and save contractors' tax forms. You can pay them directly within the platform as well — a feature that could save you quite a bit of money on payroll software. Also included: built-in invoicing and bookkeeping tools.
Min. opening deposit
$0
Free cash deposits
No
$1.75 fee per deposit
Overdraft fees
$0
Pros
- No required monthly fee*, minimum opening deposit, excess transaction or overdraft fees.
- Built-in invoicing, bookkeeping and tax-planning features.
- Built-in payroll features for contractors.
- Can manage up to 5 businesses from a single login.
Cons
- No weekend or after-hours phone support.
- Subscription required to earn interest.
Lili Core Business Checking
Best for Building your business credit
APY
N/A
Monthly fee
$0
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 users can enroll in a credit-building program called BusinessBuild. For a price — $18 per month for three months, then $30 per month — you’ll get a secured credit card. Lili reports card use to Dun & Bradstreet, one of three business credit bureaus. If your personal credit isn’t great, this can be a good way to start to build a credit history for your business without opening a traditional credit card.
Min. opening deposit
$0
Free cash deposits
No
Fee of up to $4.95 per cash deposit.
Overdraft fees
$0
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 users can enroll in a credit-building program called BusinessBuild. For a price — $18 per month for three months, then $30 per month — you’ll get a secured credit card. Lili reports card use to Dun & Bradstreet, one of three business credit bureaus. If your personal credit isn’t great, this can be a good way to start to build a credit history for your business without opening a traditional credit card.
Min. opening deposit
$0
Free cash deposits
No
Fee of up to $4.95 per cash deposit.
Overdraft fees
$0
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.
North One Standard Business Checking
Best for High APY
APY
2.50%
With $0 min. balance for APY
Monthly fee
$0
Bonus
N/A
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.
- Earn 2.5% APY on balances up to $250,000. Terms apply.
Cons
- No fee-free cash deposits.
- Can’t send or receive international wires.
- Not available to nonprofit organizations.
- No spend controls on employee debit cards.
North One offers a market-leading APY, which you can earn by spending $500 per month on your business debit card. Other than that, it's a straightforward online account. You’ll get unlimited transactions and no overdrafts, but cash deposits are cumbersome.
Min. opening deposit
$0
Free cash deposits
No
NorthOne does not accept cash deposits
Overdraft fees
$5
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.
- Earn 2.5% APY on balances up to $250,000. Terms apply.
Cons
- No fee-free cash deposits.
- Can’t send or receive international wires.
- Not available to nonprofit organizations.
- No spend controls on employee debit cards.
North One offers a market-leading APY, which you can earn by spending $500 per month on your business debit card. Other than that, it's a straightforward online account. You’ll get unlimited transactions and no overdrafts, but cash deposits are cumbersome.
Min. opening deposit
$0
Free cash deposits
No
NorthOne does not accept cash deposits
Overdraft fees
$5
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.
- Earn 2.5% APY on balances up to $250,000. Terms apply.
Cons
- No fee-free cash deposits.
- Can’t send or receive international wires.
- Not available to nonprofit organizations.
- No spend controls on employee debit cards.
Does your LLC need a business bank account?
Yes, definitely. Having a business checking account helps your LLC establish a separation between your business and personal finances. That's necessary to maintain a legal distinction between the business and its owners.
Mixing your personal and business assets can “pierce the corporate veil.” That means a lawyer could argue that your LLC wasn’t actually a separate entity — instead it was directly connected to your personal finances. That could cancel out your limited liability protections. If you’re sued or your business goes under, your personal assets could be on the line.
» FROM OUR NEWSLETTER: An LLC isn’t an invisibility cloak. Here’s what it can do, though
A bank account should also make bookkeeping and tax filing easier. Some accounts, like Relay, let you categorize expenses and attach receipts for your records. Then you can sync that information with your accounting software.
Do you need multiple bank accounts?
If you have multiple LLCs, you should open a checking account for each one.
These online banks let LLC owners open several accounts using the same login. That means you can toggle between accounts on the same online dashboard, but the funds are still separate:
A single LLC may have several business bank accounts. You might have multiple checking accounts, like a specific account for payroll. (Creating sub-accounts, if your bank allows them, can help with that too.)
There are also other types of business accounts. For example, if you have extra cash and want to earn more interest on it, consider moving it to a business savings account.
Can multiple business owners share a business bank account?
Yes. In fact, if your LLC has several owners, most business banks default to a jointly owned business account. That means every owner has equal access to the account. Here’s what to know about opening a joint business account with your partners, including potential pitfalls.
Of the accounts on our list, American Express, Bluevine, Found and North One do not allow jointly owned accounts.
If you pick one of those institutions and multiple people need access to your business bank account, here’s how to set that up:
- One person opens the account.
- That person adds other owners and managers as authorized users.
- The account owner sets permissions for what every authorized user can do.
What authorized users can do varies widely. Bluevine, for instance, has five possible user roles. On the low end, employees can only use their own debit or credit cards and see limited activity. On the high end, company administrators can do everything except sign checks for deposit and close the account.
What you need to open a business bank account
Even if you formed an LLC for privacy reasons, you'll have to provide your ID to open an account. Banks have to collect personal information from business owners because of anti-money laundering regulations. You can't open a business bank account with only an EIN and no personal identification.
Everyone with at least 25% ownership in your business will need to provide the following:
- Name.
- Date of birth.
- Social Security number.
- Address.
- Phone number.
- Government-issued photo ID.
And you’ll need these facts and documents for your business:
- Business name.
- Address and website.
- Annual revenue.
- Industry.
- Date the company was established.
- Articles of organization or certificate of formation.
- LLC operating agreement.
- Business license.
- Business tax ID or employer identification number.
- DBA or fictitious name certificate, if you have one.
Note on American Express® Business Checking: At Allpoint® and MoneyPass® locations in the U.S., you can withdraw cash and get balance information with no fee. Access to ATMs outside of the Allpoint® and MoneyPass® networks are subject to fees by the ATM owner and/or network. ATM withdrawal limits apply. American Express applies foreign exchange fees to withdrawals in foreign currencies. American Express does not accept ATM cash deposits into your Business Checking account at this time. Visit americanexpress.com/atm-locator to find participating ATMs in the U.S.
Relay is a financial technology company, not a bank. Banking services provided by Thread Bank, Member FDIC. The Relay Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.
Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC.
Notes on Found: Found is a financial technology company, not a bank. Banking services are provided by Lead Bank, Member FDIC. The funds in your account are FDIC insured up to $250,000 per depositor for each account ownership category. FDIC insurance only covers the failure of an FDIC-insured depository institution.
*Found's core features are free. Optional subscriptions to Found Plus for $35/month or $315/year or Found Pro for $80/month or $720/year. There are no monthly account maintenance fees, but other fees such as transactional fees for wires, instant transfers, and ATM apply. Read Found Fee Schedule.
¹Customers who have signed up for an account after Nov. 1, 2025 will earn a bonus equal to 2.00% Annual Percentage Yield on the portion of their account balance up to $20,000 for a given month only if they spend $5,000 in qualifying debit card transactions during the month and satisfy other eligibility requirements as described in the Card Spend Bonus Terms. No bonus will be earned on the portion of account balances over $20,000.
²Welcome offer: Earn $125 when you deposit $5,000 within the first 30 days of account creation and maintain it for another 30 days. Offer valid until 12/31/26. Terms Apply.
Methodology
NerdWallet’s writers and editors evaluate more than 60 business bank accounts from national, regional and online banks. Collectively, these accounts represent the largest banks by assets and the largest credit unions by membership, along with notable and emerging fintech companies and online banks.
We consider more than 20 data points for each account, including services, fees, features and rewards. We gather this information from rates and fees documents, deposit account agreements, financial institution websites and company representatives.
Our editorial team regularly reviews and updates our data to ensure consistency and accuracy. We also update our scoring on an ongoing basis to reflect changing industry norms and business owner needs. For instance, in 2026, we adjusted our expectations for APYs due to falling interest rates.
Final ratings range from one to five stars. A five-star score represents the best available product for the largest number of business owners. Learn more about how we rate business checking accounts.
