Best Business Bank Accounts for Sole Proprietors of November 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.

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.

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.

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.

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.

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

at Bank of America, N.A., Member FDIC

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

at Bank of America, N.A., Member FDIC

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.

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.

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.

Rho Business Checking

4.3

APY

N/A

Monthly fee

Bonus

$500

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

$500

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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

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.

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.

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.

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Bank/institution	Best for	NerdWallet rating	Monthly fee	APY	Bonus	Learn more
Bluevine Business Checking	Overall account for sole proprietors	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.

Grasshopper Innovator Business Checking Account	Cash-back rewards on debit card spending	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.

U.S. Bank Business Essentials	Free business checking (brick-and-mortar)	4.5 /5	$0	N/A	$400 Requirements to qualify	Learn more 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.

Business Premium Savings Account	Dedicated business savings account	4.5 /5	$0	3.60% With $0.01 min. balance for APY	$600 Requirements to qualify	Learn more at Axos Bank®, Member FDIC
Pros Industry-leading APY. No minimum balance to earn interest. Access to Insured Cash Sweep network for expanded FDIC insurance. Cons Fee for excess transactions. No ATM or debit card access.

Chase Business Complete Banking®	Brick-and-mortar 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.

Found Small Business Banking	Tax planning and invoicing tools	4.4 /5	$0	2.00% With $0 min. balance for APY	$125 Requirements to qualify	Learn more 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.

nbkc Business Account	Cash deposits	4.6 /5	$0	N/A	$250 Requirements to qualify	Learn more 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.

First Internet Bank Do More Business™ Checking	Automatic transfers to savings	4.3 /5	$0	0.50% With $10,000 min. balance for APY	N/A	Learn more 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.

Bank/institution

Best for

NerdWallet rating

Monthly fee

APY

Bonus

Learn more

Bluevine Business Checking

Overall account for sole proprietors

5.0 /5

1.30%

With $0 min. balance for APY

$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

24/7 customer support

5.0 /5

1.30%

With $0 min. balance for APY

$30,000

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.

Grasshopper Innovator Business Checking Account

Cash-back rewards on debit card spending

4.8 /5

1.35%

With $25,000 min. balance for APY

N/A

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.

U.S. Bank Business Essentials

Free business checking (brick-and-mortar)

4.5 /5

N/A

$400

Requirements to qualify

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.

Business Premium Savings Account

Dedicated business savings account

4.5 /5

3.60%

With $0.01 min. balance for APY

$600

Requirements to qualify

at Axos Bank®, Member FDIC

Pros

Industry-leading APY.
No minimum balance to earn interest.
Access to Insured Cash Sweep network for expanded FDIC insurance.

Cons

Fee for excess transactions.
No ATM or debit card access.

Chase Business Complete Banking®

Brick-and-mortar banking

4.5 /5

$15.00

Waived with $2,000 minimum balance

N/A

$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.

Found Small Business Banking

Tax planning and invoicing tools

4.4 /5

2.00%

With $0 min. balance for APY

$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.

nbkc Business Account

Cash deposits

4.6 /5

N/A

$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.

First Internet Bank Do More Business™ Checking

Automatic transfers to savings

4.3 /5

0.50%

With $10,000 min. balance for APY

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.

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	Overall account for sole proprietors	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
Grasshopper Innovator Business Checking Account	Cash-back rewards on debit card spending	4.8 /5	$0	1.35% With $25,000 min. balance for APY	N/A	Learn more at Grasshopper Bank, Member FDIC
U.S. Bank Business Essentials	Free business checking (brick-and-mortar)	4.5 /5	$0	N/A	$400 Requirements to qualify	Learn more at U.S. Bank, Member FDIC
Business Premium Savings Account	Dedicated business savings account	4.5 /5	$0	3.60% With $0.01 min. balance for APY	$600 Requirements to qualify	Learn more at Axos Bank®, Member FDIC
Chase Business Complete Banking®	Brick-and-mortar banking	4.5 /5	$15.00 Waived with $2,000 minimum balance	N/A	$500 Requirements to qualify	Learn more at Chase, Member FDIC
Found Small Business Banking	Tax planning and invoicing tools	4.4 /5	$0	2.00% With $0 min. balance for APY	$125 Requirements to qualify	Learn more at Found, Deposits are FDIC Insured
nbkc Business Account	Cash deposits	4.6 /5	$0	N/A	$250 Requirements to qualify	Learn more at nbkc bank, Member FDIC
First Internet Bank Do More Business™ Checking	Automatic transfers to savings	4.3 /5	$0	0.50% With $10,000 min. balance for APY	N/A	Learn more at First Internet Bank, Member FDIC

Bank/institution

Best for

NerdWallet rating

Monthly fee

APY

Bonus

Learn more

Bluevine Business Checking

Overall account for sole proprietors

5.0 /5

1.30%

With $0 min. balance for APY

$500

Requirements to qualify

at Bluevine, Deposits are FDIC Insured

American Express® Business Checking

24/7 customer support

5.0 /5

1.30%

With $0 min. balance for APY

$30,000

Requirements to qualify

at American Express National Bank, Member FDIC

Grasshopper Innovator Business Checking Account

Cash-back rewards on debit card spending

4.8 /5

1.35%

With $25,000 min. balance for APY

N/A

at Grasshopper Bank, Member FDIC

U.S. Bank Business Essentials

Free business checking (brick-and-mortar)

4.5 /5

N/A

$400

Requirements to qualify

at U.S. Bank, Member FDIC

Business Premium Savings Account

Dedicated business savings account

4.5 /5

3.60%

With $0.01 min. balance for APY

$600

Requirements to qualify

at Axos Bank®, Member FDIC

Chase Business Complete Banking®

Brick-and-mortar banking

4.5 /5

$15.00

Waived with $2,000 minimum balance

N/A

$500

Requirements to qualify

at Chase, Member FDIC

Found Small Business Banking

Tax planning and invoicing tools

4.4 /5

2.00%

With $0 min. balance for APY

$125

Requirements to qualify

at Found, Deposits are FDIC Insured

nbkc Business Account

Cash deposits

4.6 /5

N/A

$250

Requirements to qualify

at nbkc bank, Member FDIC

First Internet Bank Do More Business™ Checking

Automatic transfers to savings

4.3 /5

0.50%

With $10,000 min. balance for APY

N/A