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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American Express® Business Checking
Best for 24/7 customer support
APY
1.30%
With $0.10 min. balance for APY
Monthly fee
$0
Bonus
30,000 Points
Requirements to qualify
Learn more 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.
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.
Nerdwallet best-of awards
2026 BEST Brick-and-mortar Business Checking Account
Chase Business Complete Banking®
Best for Merchant services
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.
Bank of America® Business Advantage Fundamentals™ Banking
Best for Brick-and-mortar banking
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)
- Bill pay includes invoicing for new users.
Cons
- $100 minimum opening deposit.
- Fee for using out-of-network ATMs.
- $16 monthly fee after introductory period ends.
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.
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.
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.
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Default American Express® Business Checking
Best for 24/7 customer support
APY
1.30%
With $0.10 min. balance for APY
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. It’s best for businesses that don’t use cash often, though — while account holders can access fee-free ATMs via the MoneyPass network, they can’t deposit cash.
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. It’s best for businesses that don’t use cash often, though — while account holders can access fee-free ATMs via the MoneyPass network, they can’t deposit cash.
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.
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.
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
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.
Nerdwallet best-of awards
2026 BEST Brick-and-mortar Business Checking Account
Chase Business Complete Banking®
Best for Merchant services
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.
Chase Business Complete Banking offers the benefits of a large brick-and-mortar bank — like access to in-person business bankers and ATMs nationwide — plus digital tools, like the ability to take payments on the go via Chase QuickAccept. While the bank's entry-level business checking account carries a $15 monthly fee, it can be waived with a minimum account balance of $2,000 or proof of military service.
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.
Chase Business Complete Banking offers the benefits of a large brick-and-mortar bank — like access to in-person business bankers and ATMs nationwide — plus digital tools, like the ability to take payments on the go via Chase QuickAccept. While the bank's entry-level business checking account carries a $15 monthly fee, it can be waived with a minimum account balance of $2,000 or proof of military service.
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.
Bank of America® Business Advantage Fundamentals™ Banking
Best for Brick-and-mortar banking
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)
- Bill pay includes invoicing for new users.
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, but there are multiple ways to avoid it, including 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)
- Bill pay includes invoicing for new users.
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, but there are multiple ways to avoid it, including 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)
- Bill pay includes invoicing for new users.
Cons
- $100 minimum opening deposit.
- Fee for using out-of-network ATMs.
- $16 monthly fee after introductory period ends.
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
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.
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 savings account, not a checking account. But it can be a useful tool for businesses that have extra cash on hand and want to earn interest. That’s because this account earns 2.85% APY — one of the highest rates on the market — with no monthly maintenance fees and no minimum balance requirements.
Note that this account does not accept cash deposits or offer ATM access; you’ll need to handle those 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 savings account, not a checking account. But it can be a useful tool for businesses that have extra cash on hand and want to earn interest. That’s because this account earns 2.85% APY — one of the highest rates on the market — with no monthly maintenance fees and no minimum balance requirements.
Note that this account does not accept cash deposits or offer ATM access; you’ll need to handle those 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.
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 has no monthly fees and no minimum opening deposit requirement. While this isn’t a checking account either — it’s best used as a savings vehicle, like a savings account, given that it earns 2.75% APY — it does include checks and a debit card, which makes accessing your funds easier.
Like the nbkc business checking account, the bank’s money market account charges no transaction fees, no overdraft or nonsufficient funds fees, no stop payment or returned item fees and no fees for incoming domestic wires. Essentially the only fees you’ll pay are for sending domestic wires ($5 each) and sending or receiving international wires ($45 each).
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 has no monthly fees and no minimum opening deposit requirement. While this isn’t a checking account either — it’s best used as a savings vehicle, like a savings account, given that it earns 2.75% APY — it does include checks and a debit card, which makes accessing your funds easier.
Like the nbkc business checking account, the bank’s money market account charges no transaction fees, no overdraft or nonsufficient funds fees, no stop payment or returned item fees and no fees for incoming domestic wires. Essentially the only fees you’ll pay are for sending domestic wires ($5 each) and sending or receiving international wires ($45 each).
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.
How to choose a non-USAA business account
If you want to keep banking with a military-serving institution, then Navy Federal Credit Union is a natural next step. But make sure your chosen account meets all your business needs.
Ask the following questions as you search for business banking services:
- Do you want access to a branch? This will help you sort through your options quickly. If you want to be able to walk into a local branch, focus your search on national banks, like Chase and Bank of America; local and regional banks, like Huntington and PNC; and business accounts at credit unions, including those that serve members of the military.
- How often does your business deal with cash and checks? If your business relies on these services, a brick-and-mortar bank is probably the best fit whether you want branch access or not. Online business checking accounts don’t always let you deposit cash or write your own checks. Those that do may not make it easy — for instance, you might have to order a check and have it sent to your 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? The downside of traditional banks is that many charge monthly fees unless you maintain a certain average 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 parter 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. But there’s another way to earn interest, too: Put your business’s emergency fund in a business savings account. In general, NerdWallet recommends keeping such a fund at a separate business bank from your primary account 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.
