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7 Best Business Checking Accounts

Every small business needs a business checking account. Like consumer checking accounts, these bank accounts allow you to manage your business’s everyday finances by making deposits, paying bills, budgeting and more.

In addition, a business checking account gives you the ability to separate your business and personal expenses, prepare for taxes and legitimately establish your business’s financial presence.

The best business checking accounts have low or no fees, ATM accessibility and online or mobile banking tools. Interest-earning accounts and accounts with integrated business tools are also a plus.

NerdWallet looked at some of the largest banks in the country, along with a few big online banks and notable regional banks, and compared their business checking accounts. Here are our top checking accounts for small businesses.

Best Business Checking Accounts From Our Partners

Recently Updated October 10, 2022

Excellent for

No fees

Bluevine Business Checking
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at Bluevine, Deposits are FDIC Insured

Bluevine Business Checking

5.0

NerdWallet rating 
Bluevine Business Checking

Monthly fee

$0

APY

2.00%

With $0 min. balance for APY

Min. opening deposit

$0
Learn more

at Bluevine, Deposits are FDIC Insured


Min. opening deposit

$0

Why we like it

The Bluevine Business Checking account has no monthly fees, no minimum opening deposit and no minimum balance requirements. This online business checking account includes unlimited fee-free transactions, plus it allows you to earn 2.00% interest on your account balance up to $100,000.

In addition, Bluevine Business Checking offers free ATM access through the MoneyPass network — with the ability to deposit cash (up to $7,500 per month with a $4.95 fee per deposit) at Green Dot locations across the U.S.

The Bluevine business bank account also includes mobile check deposit, online bill pay and connects to third-party tools like Stripe and Expensify.

Pros

  • No monthly fees or minimum opening deposit.

  • Unlimited fee-free transactions; no overdraft fees.

  • Earn 2.00% interest on account balances up to and including $100,000. Terms apply.

  • No fees at MoneyPass ATMs; cash deposits via Green Dot network (fees and limits apply).

Cons

  • Cash deposits limited to $500 per deposit, $2,000 per day. Service fee of up to $4.95 per deposit.

  • Fee for using out-of-network ATMs.

  • No joint accounts.

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Chase Business Complete Banking℠
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at Chase, Member FDIC

Chase Business Complete Banking℠

5.0

NerdWallet rating 
Chase Business Complete Banking℠

Monthly fee

$15.00

Waived with $2,000 minimum balance

APY

N/A

Min. opening deposit

$0
Learn more

at Chase, Member FDIC


Min. opening deposit

$0

Why we like it

Chase Business Complete Checking is a digital-friendly small business bank account that includes access to over 16,000 Chase ATMs and 4,700 branches across the U.S. This account has no minimum opening deposit, includes unlimited electronic deposits and offers the opportunity to earn a $300 sign-up bonus.

In addition, Chase Business Complete Checking gives you the ability to deposit up to $5,000 in cash per month for free, make 20 physical fee-free transactions per month and use Chase QuickAccept℠ to accept credit card payments with the Chase mobile app (associated processing fees apply).

That said, this Chase business checking account does have a monthly maintenance fee, $15, but there are multiple ways to waive it, including maintaining a daily minimum balance of $2,000.

Eligible entity types also have the option to open the Chase Business Complete Checking account online as well as by visiting a branch location.

Pros

  • No minimum opening deposit.

  • Unlimited fee-free electronic transactions.

  • Integrated credit card processing.

  • Welcome bonus for new customers (terms apply).

  • No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.

Cons

  • $15 monthly fee.

  • Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).

  • Fee for using out-of-network ATMs.

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Novo Business Checking
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at Novo, Deposits are FDIC Insured

Novo Business Checking

4.5

NerdWallet rating 
Novo Business Checking

Monthly fee

$0

APY

N/A

Min. opening deposit

$0
Learn more

at Novo, Deposits are FDIC Insured


Min. opening deposit

$0

Why we like it

The Novo business checking account has no monthly fees, no minimum balance requirements, no ACH transfer fees and no incoming wire fees. This online business checking account also includes unlimited fee-free transactions and refunds on all ATM fees worldwide.

In addition, Novo offers unlimited invoicing and bill pay, as well as integrations with top business tools like QuickBooks, Xero, Stripe and Shopify.

Novo business checking is a great option for small-business owners on the go — it’s important to note, however, that you cannot deposit cash with this business bank account.

Pros

  • No monthly fees or minimum opening deposit.

  • Unlimited fee-free transactions.

  • Refunds on all ATM fees worldwide.

  • Integrates with top business tools, including QuickBooks, Xero, Stripe and Shopify.

Cons

  • Can’t deposit cash.

  • Can’t send domestic or international wires.

  • No recurring payments available with bill pay.

  • $27 fees for insufficient funds/uncollected funds returned.

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Mercury Business Bank Account
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at Mercury, Deposits are FDIC Insured

Mercury Business Bank Account

4.5

NerdWallet rating 
Mercury Business Bank Account

Monthly fee

$0

APY

N/A

Min. opening deposit

$0
Learn more

at Mercury, Deposits are FDIC Insured


Min. opening deposit

$0

Why we like it

Mercury is an online banking platform that’s great for startups, offering a variety of digital tools and read-write application programming interface access that allows you to customize your business banking.

Mercury includes a free business checking account, a free business savings account and has no transaction fees, no overdraft fees and no incoming wire fees. In addition, Mercury provides access to over 55,000 fee-free ATMs through the Allpoint network.

Moreover, Mercury’s digital tools allow you to manage and track your expenses, send and receive online payments, create virtual debit cards and add and manage team members to your account. You also have the ability to integrate with third-party business tools.

Plus, businesses that hold a balance of more than $250,000 are eligible for a Mercury Tea Room account, which offers additional perks such as free outgoing wires, exclusive partner discounts and access to Mercury Treasury, an automated cash management account.

Pros

  • No monthly fees or minimum opening deposit.

  • Unlimited fee-free transactions; no overdraft fees.

  • No fees at Allpoint ATMs.

  • Free domestic and international wire transfers.

  • Advanced digital tools including API access to automate and customize your banking.

Cons

  • Not available to sole proprietors.

  • Can’t deposit cash.

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Relay
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at Relay, Deposits are FDIC Insured

Relay

4.5

NerdWallet rating 
Relay

Monthly fee

$0

APY

N/A

Min. opening deposit

$0
Learn more

at Relay, Deposits are FDIC Insured


Min. opening deposit

$0

Why we like it

Relay is a free online banking platform designed to help small businesses streamline financial management. With Relay, you have access to up to 20 checking accounts (10 for sole proprietorships) and up to 50 business debit cards — with no monthly fees.

Relay also includes unlimited fee-free transactions, the ability to withdraw cash fee-free at over 32,000 Allpoint ATMs and 24/7 customer support. Relay does not, however, currently offer the ability to deposit cash at ATMs.

This online platform doesn’t charge overdraft fees, includes free incoming wires and allows you to invite team members to your account. You can also connect direct bank feeds to QuickBooks Online and Xero, as well as integrate with Expensify, Gusto, Plaid and Wise.

If you want to access additional accounts payable features, you can upgrade your account to Relay Pro for $30 per month.

Pros

  • No monthly fees or minimum opening deposit.

  • Unlimited fee-free transactions; no overdraft fees.

  • No foreign transaction fees when you use your Relay Mastercard abroad.

  • Supports multiple accounts; employee debit cards with transaction and withdrawal limits.

Cons

  • Can't deposit cash or order checks.

  • Limited phone support. Email support available seven days a week.

  • Deposited checks are held for up to 6-7 business days.

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What factors should I look at when comparing business checking accounts?

Depending on your small business’s needs, you may want to consider the following features when choosing a business checking account:

  • Minimum opening deposit: The amount that you’re required to deposit when you open your business checking account. These amounts can vary, and not all accounts require that you meet a specific minimum.

  • Monthly fees: The fee the bank charges to maintain your account. The best business checking accounts have low or no monthly fees. Some banks charge a monthly fee but offer ways that you can qualify to waive them. In this case, make sure you can meet those qualifications on a continual basis to avoid incurring fees later.

  • Transaction limits: Banks often place limits on the number of transactions a business can make with its account, including electronic transactions and checks. If you exceed your allotted number of monthly transactions, you typically face a small fee for each transaction you make. You’ll want to choose an account that can accommodate your average transaction volume.

  • Cash deposit limit: This is the amount of cash you’re allowed to deposit into your account for free each billing period. Again, after you reach the allotted threshold, you’ll face a small fee for each cash deposit you make.

  • ATM access: Where can you use your business debit card? Are there fees associated with using your card out of the bank’s ATM network? Does the business checking account offer any ATM fee reimbursements? Does your ATM access include both cash withdrawals and deposits? These are all relevant questions to consider.

  • Additional fees: What other fees does the bank charge for using your business checking account? Fees to look out for include nonsufficient funds fees, overdraft fees, wire fees, stop payment fees and returned items fees.

  • Included tools: What tools are offered with your business checking account? Many accounts offer free online and mobile banking, including mobile check deposit and online bill pay. Some accounts also offer other options for customizing your business banking, such as invoicing, online payments, third-party integrations and more.

  • Interest: Some business checking accounts offer interest. With interest-earning accounts, make sure you can meet any minimum balance requirements and that the earning potential isn’t canceled out by fees. Conversely, if you’re looking to save on a longer-term basis and don’t need daily access to your funds, you might consider a business savings account as the best option for earning interest.

  • Type of bank: Is the business checking account from a national, regional or local bank? Is it from an online bank, or maybe a credit union? There's a range of qualities typically associated with these different types of financial institutions that might make a difference to your business. An online-only bank, for example, may offer a free account that can be opened quickly and easily online but does not include access to a physical branch location. A local brick-and-mortar bank, on the other hand, may offer a more personalized customer experience but require that you apply for an account in person and only work with businesses within their county.

To recap our selections...

NerdWallet's Summary of Best Business Checking Accounts

Frequently asked questions