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Compare Top 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.

Compare Top Business Checking Accounts From Our Partners

Bank/institutionNerdWallet ratingMonthly feeAPYBonusLearn more

Bluevine Business Checking

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at Bluevine, Deposits are FDIC Insured

5.0/5
$0

2.00%

With $0 min. balance for APY

$300

Requirements to qualify

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at Bluevine, Deposits are FDIC Insured

Bank of America® Business Advantage Fundamentals™ Banking

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

4.5/5
$16.00

N/A$200

Requirements to qualify

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

Chase Business Complete Banking®

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at Chase, Member FDIC

4.5/5

Excellent for Full-service business banking

$15.00

Waived with $2,000 minimum balance

N/A$300

Requirements to qualify

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at Chase, Member FDIC

Grasshopper Business Checking Account

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at Grasshopper Bank, Member FDIC

4.5/5
$0

2.25%

With $0 min. balance for APY

N/A

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at Grasshopper Bank, Member FDIC

U.S. Bank Silver Business Checking

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at U.S. Bank, Member FDIC

4.0/5
$0

N/A$800

Requirements to qualify

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at U.S. Bank, Member FDIC

Relay Business Checking

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at Relay, Deposits are FDIC Insured

4.9/5

Excellent for Multiple business checking accounts (up to 20)

$0

N/AN/A

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at Relay, Deposits are FDIC Insured

Axos Bank® Basic Business Checking

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at Axos Bank®, Member FDIC

4.9/5
$0

N/A$400

Requirements to qualify

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at Axos Bank®, Member FDIC

Bank/institutionNerdWallet ratingMonthly feeAPYBonusLearn more

Bluevine Business Checking

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at Bluevine, Deposits are FDIC Insured

5.0/5
$0

2.00%

With $0 min. balance for APY

$300

Requirements to qualify

Learn more

at Bluevine, Deposits are FDIC Insured

Bank of America® Business Advantage Fundamentals™ Banking

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

4.5/5
$16.00

N/A$200

Requirements to qualify

Learn more

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

Chase Business Complete Banking®

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at Chase, Member FDIC

4.5/5

Excellent for Full-service business banking

$15.00

Waived with $2,000 minimum balance

N/A$300

Requirements to qualify

Learn more

at Chase, Member FDIC

Grasshopper Business Checking Account

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at Grasshopper Bank, Member FDIC

4.5/5
$0

2.25%

With $0 min. balance for APY

N/A

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at Grasshopper Bank, Member FDIC

U.S. Bank Silver Business Checking

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at U.S. Bank, Member FDIC

4.0/5
$0

N/A$800

Requirements to qualify

Learn more

at U.S. Bank, Member FDIC

Relay Business Checking

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at Relay, Deposits are FDIC Insured

4.9/5

Excellent for Multiple business checking accounts (up to 20)

$0

N/AN/A

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at Relay, Deposits are FDIC Insured

Axos Bank® Basic Business Checking

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at Axos Bank®, Member FDIC

4.9/5
$0

N/A$400

Requirements to qualify

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at Axos Bank®, Member FDIC

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Bluevine Business Checking

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Learn more

at Bluevine, Deposits are FDIC Insured

APY
2.00%

With $0 min. balance for APY

Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No

Fee of up to $4.95 per cash deposit.

Overdraft fees
$0
Bonus
$300

Requirements to qualify

Bank of America® Business Advantage Fundamentals™ Banking

Read Review
Learn more

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

APY
N/A
Monthly fee
$16.00
Min. opening deposit
$100
Free cash deposits
Yes

Up to $7,500 per statement cycle.

Overdraft fees
$10
Bonus
$200

Requirements to qualify

Grasshopper Business Checking Account

Read Review
Learn more

at Grasshopper Bank, Member FDIC

APY
2.25%

With $0 min. balance for APY

Monthly fee
$0
Min. opening deposit
$100
Free cash deposits
No

No cash deposits.

Overdraft fees
$0
Bonus
N/A

U.S. Bank Silver Business Checking

Read Review
Learn more

at U.S. Bank, Member FDIC

APY
N/A
Monthly fee
$0
Min. opening deposit
$100
Free cash deposits
Yes

Up to $2,500 per month.

Overdraft fees
$36
Bonus
$800

Requirements to qualify

Axos Bank® Basic Business Checking

Read Review
Learn more

at Axos Bank®, Member FDIC

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
Yes

Unlimited

Overdraft fees
$25
Bonus
$400

Requirements to qualify

Our pick for

Full-service business banking

Chase Business Complete Banking®

Read Review
Learn more

at Chase, Member FDIC

APY
N/A
Monthly fee
$15.00

Waived with $2,000 minimum balance

Min. opening deposit
$0
Free cash deposits
Yes

Up to $5,000 per month.

Overdraft fees
$34
Bonus
$300

Requirements to qualify

Our pick for

Multiple business checking accounts (up to 20)

Relay Business Checking

Read Review
Learn more

at Relay, Deposits are FDIC Insured

APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
Yes

Unlimited

Overdraft fees
$0
Bonus
N/A

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.
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