Does USAA Offer Business Checking Accounts?
No, and USAA's account holder agreement says members cannot use personal checking accounts for business purposes. Consider these accounts instead.
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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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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.
The American Express® Business Checking account charges no monthly fees, pays a competitive 1.3% APY on balances up to $500,000 and offers 24/7 customer support. But you can't deposit cash or send international wires with this account.
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.
The American Express® Business Checking account charges no monthly fees, pays a competitive 1.3% APY on balances up to $500,000 and offers 24/7 customer support. But you can't deposit cash or send international wires with this account.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
N/A
Nerdwallet best-of awards2026 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.
The Bluevine Business Checking account offers a competitive APY: Earn 1.30% interest on account balances up to and including $250,000. Terms apply. The free online account also includes unlimited transactions and free ATM access through the MoneyPass network. Plus, it has lots of useful software tools, like invoicing, tap-to-pay payment acceptance and accounts payable tools.
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.
The Bluevine Business Checking account offers a competitive APY: Earn 1.30% interest on account balances up to and including $250,000. Terms apply. The free online account also includes unlimited transactions and free ATM access through the MoneyPass network. Plus, it has lots of useful software tools, like invoicing, tap-to-pay payment acceptance and accounts payable tools.
Min. opening deposit
$0
Free cash deposits
No
Fees vary by location.
Overdraft fees
$0
Nerdwallet best-of awards2026 BEST Brick-and-mortar Business Checking Account
Chase Business Complete Banking®
Best for Brick-and-mortar business account
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
- Welcome bonus for new customers (terms apply).
- Unlimited fee-free electronic and debit card transactions.
- No fee on cash deposits at Chase ATMs.
- Overdraft grace period/amount (24 hours and up to $50).
- Built-in invoicing and Zelle for Business.
- Accept credit card payments using the Chase mobile app.
Cons
- $15 monthly service fee.
- Fee for using out-of-network ATMs, no ATM fee refunds.
- High overdraft, wire transfer fees.
- Does not earn interest.
Chase Business Complete Banking® combines in-person support and nationwide branch access with digital tools, like invoicing and built-in payment processing. The bank's entry-level business checking account carries a $15 monthly fee, but there are several ways to avoid it.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$34
Pros
- Welcome bonus for new customers (terms apply).
- Unlimited fee-free electronic and debit card transactions.
- No fee on cash deposits at Chase ATMs.
- Overdraft grace period/amount (24 hours and up to $50).
- Built-in invoicing and Zelle for Business.
- Accept credit card payments using the Chase mobile app.
Cons
- $15 monthly service fee.
- Fee for using out-of-network ATMs, no ATM fee refunds.
- High overdraft, wire transfer fees.
- Does not earn interest.
Chase Business Complete Banking® combines in-person support and nationwide branch access with digital tools, like invoicing and built-in payment processing. The bank's entry-level business checking account carries a $15 monthly fee, but there are several ways to avoid it.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$34
Bank of America® Business Advantage Fundamentals™ Banking
Best for Loyalty perks and digital banking tools.
APY
N/A
Monthly fee
$16.00
$0 for the first 12 statement cycles.
Bonus
$400 or $750
Requirements to qualify
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 Checking is another solid choice for business owners who prefer brick-and-mortar banking. Its $16 monthly fee kicks in after the first 12 statement cycles. There are multiple ways to avoid it, though, like spending $500 or more per month on your business debit card. Some Bank of America business customers also qualify for higher rewards rates on the bank's business credit cards and discounts on its business loans and lines of credit.
Min. opening deposit
$100
Free cash deposits
Yes
Up to $5,000 per statement cycle.
Overdraft fees
$10
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 Checking is another solid choice for business owners who prefer brick-and-mortar banking. Its $16 monthly fee kicks in after the first 12 statement cycles. There are multiple ways to avoid it, though, like spending $500 or more per month on your business debit card. Some Bank of America business customers also qualify for higher rewards rates on the bank's business credit cards and discounts on its business loans and lines of credit.
Min. opening deposit
$100
Free cash deposits
Yes
Up to $5,000 per statement cycle.
Overdraft fees
$10
Navy Federal Credit Union Business Checking
Best for Military-affiliated business owners
APY
0.01%
With $0 min. balance for APY
Monthly fee
$0
Bonus
N/A
Pros
- No monthly fee and unlimited fee-free electronic transactions.
- No dollar limit on cash deposits (other limits may apply).
- 24/7 member 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 offers membership to veterans, current and retired military members, and their families and household members. Department of Defense civilian personnel are also eligible. If all the owners of your business qualify, you can take advantage of the credit union's business account — with no monthly fee, 24/7 customer service and no monthly limit on cash deposits.
Min. opening deposit
$255
Free cash deposits
Yes
Unlimited
Overdraft fees
$29
Pros
- No monthly fee and unlimited fee-free electronic transactions.
- No dollar limit on cash deposits (other limits may apply).
- 24/7 member 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 offers membership to veterans, current and retired military members, and their families and household members. Department of Defense civilian personnel are also eligible. If all the owners of your business qualify, you can take advantage of the credit union's business account — with no monthly fee, 24/7 customer service and no monthly limit on cash deposits.
Min. opening deposit
$255
Free cash deposits
Yes
Unlimited
Overdraft fees
$29
Live Oak Bank Business Savings
Best for Business savings account
APY
2.85%
With $0.01 min. balance for APY
Monthly fee
$0
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 is a good option for emergency savings or cash reserves. The account earns 2.85% APY with no monthly maintenance fees and no minimum balance requirements. It's one of our picks for best business savings accounts.
Note that this account does not accept cash deposits or offer ATM access. You’ll need to handle day-to-day transactions with a checking account.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits
Overdraft fees
N/A
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 is a good option for emergency savings or cash reserves. The account earns 2.85% APY with no monthly maintenance fees and no minimum balance requirements. It's one of our picks for best business savings accounts.
Note that this account does not accept cash deposits or offer ATM access. You’ll need to handle day-to-day transactions with a checking account.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits
Overdraft fees
N/A
nbkc bank Business Money Market Account
Best for Business money market account
APY
2.75%
With $0.01 min. balance for APY
Monthly fee
$0
Bonus
N/A
at nbkc bank, Member FDIC
Pros
- Earns 2.75% APY.
- No minimum balance to earn interest.
- No monthly fee or minimum opening deposit.
- Includes checks and an ATM card.
Cons
- High fee ($45) for international wire transfers.
- No weekend or after-hours customer support.
The nbkc bank Business Money Market Account earns 2.75% APY. It has no monthly fees and no minimum opening deposit requirement. While this doesn't replace a checking account for daily operations, it does include checks and a debit card for easy access to your funds.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $2,500 per day via compatible ATMs.
Overdraft fees
$0
Pros
- Earns 2.75% APY.
- No minimum balance to earn interest.
- No monthly fee or minimum opening deposit.
- Includes checks and an ATM card.
Cons
- High fee ($45) for international wire transfers.
- No weekend or after-hours customer support.
The nbkc bank Business Money Market Account earns 2.75% APY. It has no monthly fees and no minimum opening deposit requirement. While this doesn't replace a checking account for daily operations, it does include checks and a debit card for easy access to your funds.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $2,500 per day via compatible ATMs.
Overdraft fees
$0
How to choose a non-USAA business account
If you want to keep banking with a military-serving institution, Navy Federal Credit Union is a natural next step. But make sure it meets all your business needs.
Ask the following questions as you search for business banking services:
- Do you want access to a branch? If you want to be able to walk into a local branch, focus your search on brick-and-mortar banks like Chase, Bank of America and U.S. Bank. Local community banks and business accounts at credit unions are also worth exploring.
- How often does your business deal with cash and checks? If your business relies on these services, a brick-and-mortar bank is the best fit. Online business checking accounts don’t always let you deposit cash or write your own checks. Even those that do often add friction, like requiring you to mail a check to pay a supplier. They may also charge fees for cash deposits and limit the amount you can deposit each day or month.
- What fees are you OK with? Many traditional banks charge monthly fees unless you maintain a minimum balance. They’re also more likely to charge overdraft fees. In general, most free business checking accounts are from online banks and neobanks (financial technology companies that partner with banks).
- Do you want to earn interest? A handful of business checking accounts pay APYs on your balance. Some also offer cash back on debit card transactions. You can also put your emergency fund in a business savings account. Keep your emergency fund and operating accounts at separate business banks to minimize any potential business interruptions.
- What integrations do you need? Your business checking account should integrate with your accounting software, at least. Some accounts also offer built-in expense tracking and tax planning tools, which can be especially helpful for freelancers managing their own business finances.
Notes from issuers
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.
*Accounts offered by American Express National Bank. Member FDIC.
The information about the Bank of America® Business Advantage Fundamentals™ account has been collected by NerdWallet and has not been reviewed or provided by the issuer or provider of this product or service.
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.
