Review
Updated
A good checking account can go a long way towards making your business finances more manageable. But that doesn't mean you need to pay a premium for it. Great banks will have a variety of account options, including fee-free checking accounts for your small business.
Our guide lists some of our top picks for the best free business checking account. We'll also talk about what to look for in your own hunt.
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Ratings Methodology
Rates as
of Nov 28, 2023
| Offer | APY | Minimum to Earn APY | Next Steps |
|---|---|---|---|
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
|
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
up to 4.25%
Rate info
Bluevine Premier customers will earn 4.25% APY; Premier subscriptions cost $95 per month. Bluevine Standard customers will earn 2.0% interest on total balances up to and including $250,000 only if they spend $500 or more on their debit card or receive $2,500 or more in customer payments each month. No interest earned on balances over $250,000.
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Minimum To Earn APY:
$0
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Mercury Business Checking Account
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
|
Novo Business Checking Account
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
|
American Express Business Checking
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
1.30%
|
Minimum To Earn APY:
$0
|
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Relay Standard
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
|
Chase Business Complete Banking
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
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Bank of America Business Advantage Fundamentals
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
How to choose the best free business checking account
Here are a few things to keep an eye out for when browsing free checking accounts for your business:
- Reasonable fees: Checking accounts shouldn't charge you monthly fees.
- Flexible limits: Make sure that deposit and transaction limits don't block your ability to do good business!
- Useful tools: Top free business checking accounts often include useful tools like mobile apps and third-party app integrations.
- Reliable support: Be comfortable with the customer support your account offers. Online banks may offer phone numbers, and brick-and-mortar banks offer branches you can visit.
A deeper dive into our best no-fee business checking accounts
Member FDIC.
Show Best Offers Available in
Ratings Methodology
Rates as
of Nov 28, 2023
U.S. Bank Silver Business Checking
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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- 125 free monthly transactions
- Card payment processing and cash management services available
- Not interest-bearing
- Can be costly for businesses with high transaction volumes
A solid no-fee business checking account with modest cash and transaction limits for small-volume businesses.
Bluevine Business Checking
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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APY
up to 4.25%
Rate info
Bluevine Premier customers will earn 4.25% APY; Premier subscriptions cost $95 per month. Bluevine Standard customers will earn 2.0% interest on total balances up to and including $250,000 only if they spend $500 or more on their debit card or receive $2,500 or more in customer payments each month. No interest earned on balances over $250,000.
Min. To Earn APY
$0
- 2.0% APY on balances up to $250,000 for free customers
- 4.25% APY without restrictions for paying Premier customers
- No monthly or overdraft fees and unlimited transactions
- Can create multiple sub-accounts and securely share access with employees
- Free customers need to meet monthly activity goal to qualify for maximum APY
- Highest APY only available to paying customers
- No physical branches
- Fee for out-of-service ATM networks
- Fee to deposit cash
An online-only free business checking account with the potential for a very competitive interest rate for those who can meet the requirements. However, if you don't meet the requirements, you don't earn any interest at all that month.
Mercury Business Checking Account
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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APY
0%
Min. To Earn APY
N/A
- No account fee
- Free wire transfers
- Third-party integrations
- Online-only account
- Doesn't earn interest
- No cash deposits
A fintech company, almost everything at Mercury is free (except for a 1% fee on currency exchange). There is no account fees or balance minimums, and domestic and USD international wire transfers are free. The digital banking experience looks well designed; the interface is clean and there are a lot of nice tools and automations you can set up. Mercury would work best for digital / tech businesses that don't need to worry about cash deposits.
Novo Business Checking Account
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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APY
0%
Min. To Earn APY
N/A
- No account fee
- Unlimited ATM fee reimbursement
- Free incoming wire transfers
- 15+ native integrations
- Minimum balance to open
- Online-only account
- Doesn't earn interest
A no-fee business checking account with more than a dozen apps and integrations good for freelancers who don't need brick-and-mortar access.
American Express Business Checking
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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- No account fee
- Earn rewards on purchases
- New account bonus with qualifying activity
- Online-only account
- Foreign transaction fees
- No Android app
Amex is, well, Amex. They have some of the best customer service around. AMEX has an online-only business checking account with a very competitive APY and the ability to earn Membership Rewards points on debit card purchases.
Relay Standard
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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APY
0%
Min. To Earn APY
N/A
- No account fees
- Multiple users/debit cards
- No minimum deposit or balance requirement
- No transaction limits
- Online-only account
- Doesn't earn interest
- Outgoing wires have fees
This is a no-fee checking account great for teams that lets you have up to 50 debit cards with automated spending limits. Similar to others on the list, Relay is a fintech provider; the banking is backed by Evolve Bank & Trust®.
Chase Business Complete Banking
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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- New account bonus with qualifying activity
- Huge footprint of brick-and-mortar locations
- Great variety of accounts and services
- Account fee is high if not waived
- Monthly cash deposit limits
A solid option for business owners who can maintain the requirements for the fee waiver and who want easy access to in-person banking. While the Business Complete account isn't free by nature, meeting the minimum balance to waive the fee is likely doable for many small businesses.
Bank of America Business Advantage Fundamentals
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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- Competitive monthly cash deposit limit
- Large footprint of brick-and-mortar locations
- Account fee is high if not waived
- Wire transfer fees
Bank of America is a good choice for cash businesses thanks to a very competitive monthly cash limit and an account fee that can be waived with qualifying activity.
A note from our head of product ratings, Brian Frey
When recommending free checking accounts that can support small business owners, we prioritize these core features:
- Accounting software & tools integration
- Perks like competitive high-yield interest or cash back
- Low fees with flexible transaction options
We believe the below accounts offer the reliable and efficient support every small business needs.
What should you look for in a business checking account?
The best small business banks are those that cater to a variety of business types. These can include traditional, brick-and-mortar banks that also offer consumer banking. However, some of the best business checking accounts actually come from online-only banks that specialize in small business banking. Finding the right one for you starts with deciding what you need -- and want -- from your small business checking account.
Reasonable fees and balance requirements
A big part of running a business is making sure your money is going to the right place. And the right place is rarely paying fees. Check that your chosen checking account isn't charging you monthly maintenance fees or other transaction fees you don't need to pay.
If you find a bank that you like but the account fee is too high, see if there's a way to have it waived. Many large, brick-and-mortar banks have $15 to $20 account fees on their business checking accounts. However, you can often get these fees waived by meeting minimum balance or transaction requirements.
Learn more: Checking Account Fees and How to Avoid Them
Practical transaction and cash deposit limits
A lot of business checking accounts have set limits on how many transactions and/or cash deposits you can make each month. This is particularly common in basic accounts without monthly maintenance fees. Make sure the account you choose has practical limits that won't impede your ability to effectively run your business.
Easy-to-use online and mobile banking
Whether you choose a brick-and-mortar bank or one that's online-only, your day-to-day tasks will probably be done digitally either way. Look for an online banking interface that's easy to navigate and a mobile banking app that has all of the features you'll need everyday, like checking your balances and making bill payments.
Useful tools and additional services
Business finances can be complicated. Great business bank accounts offer you tools and services that make it easier. For example, many of the best banks offer app integrations that make it easy to connect your third-party software programs and accounting platforms. You may also want to look for tools that let you send invoices or perform valuable data analysis.
Reliable customer support
No matter what type of checking account you choose, it's important to know the bank has your back if something goes wrong. This can be especially important with online-only banks. Make sure your online bank has phone support with real-life humans, not just emails or web chats with bots. For brick-and-mortar banks, consider the operating hours and how convenient it is for you to visit your local branch.
What is the difference between a business checking account and a regular checking account?
Functionally, business checking accounts and personal ones operate very similarly. You can pay bills, make deposits, withdraw funds, and buy things with your debit card just as you would with your personal account.
The main difference between your business checking account and your personal checking account is where the money comes from -- and where it goes. Your business bank account is specifically for your business finances. It's where you can receive payments from clients and customers, as well as pay vendors or employees.
Keeping your business finances separate is vital for efficient bookkeeping. It's also extremely helpful when it comes time to file your business taxes.
That being said, small business bank accounts will have certain features aimed at business owners that personal accounts don't offer. This might include the option to import or export to third-party accounting software, tools for managing vendor payments, and options for tracking employee spending.
Related: How to Open a Bank Account for a Business
Questions to ask before deciding on a business checking account
With so many options, even narrowing down the contenders can feel overwhelming. Here are a few questions to ask yourself to figure out what you want out of your new business checking account.
What kind of bank do you prefer?
Part of picking a bank account is picking a bank. But when it comes to choosing a bank, there are a lot of options. Do you want a bank or a credit union? Are you comfortable doing everything online, or do you want the option to visit a branch? Each type of bank has its own pros and cons, so think about what will give you the best experience.
Related: How to Open a Checking Account Online
Do you want to avoid account or transaction fees?
As with many things in life, with small business bank accounts, you often get what you pay for. But, do you need what you get? If the only thing you need is a basic business checking account with a good mobile app, then there are plenty of quality no-fee options. But if you have a lot of transactions each month or want/need extra service, a monthly account fee may be worth the cost.
How much money do you typically keep in your account?
Knowing how much money you tend to keep on hand can help you figure out your account options. Some checking accounts will require you to meet a certain minimum deposit amount just to open an account. And you may need to maintain a certain minimum daily balance to waive the monthly service fee.
Do you need to process customer transactions?
Some business checking accounts, especially at the basic level, have limits on how many transactions you can make each statement cycle. This often applies to electronic transactions as well as checks. If you have a lot of clients or customers, it's important to be aware of any transaction limits that could stick you with extra fees.
Are you going to be making regular cash deposits?
Similar to the transaction limits, many banks have limits on how much cash you can deposit each month. If you have an online business, those limits won't matter. But if you take cash payments from customers, a low cap on deposits could mean you wind up with an unsafe amount of cash sitting around. Or, worse, you wind up paying extra fees to get your cash deposited.
Do you want to earn interest on your balance?
Similar to the way a savings account can earn interest, some checking accounts may also let you earn interest on your balance. This is less common among business checking accounts than personal accounts. And many free business checking accounts have 0% APYs.
Related: What Is APY?
That being said, a few online-only banks do offer fee-free small business checking accounts that earn interest. These tend to have caps on how much interest you can earn, such as only offering interest on balances up to $100,000. Others may require you to meet specific activity conditions, like using your debit card a certain number of times each month.
More Business Account Top Picks:
Show Best Offers Available in
Rates as
of Nov 28, 2023
| Offer | APY | Minimum to Earn APY | Next Steps |
|---|---|---|---|
|
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
|
|
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
up to 4.25%
Rate info
Bluevine Premier customers will earn 4.25% APY; Premier subscriptions cost $95 per month. Bluevine Standard customers will earn 2.0% interest on total balances up to and including $250,000 only if they spend $500 or more on their debit card or receive $2,500 or more in customer payments each month. No interest earned on balances over $250,000.
|
Minimum To Earn APY:
$0
|
|
|
Mercury Business Checking Account
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
|
|
Novo Business Checking Account
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
|
|
American Express Business Checking
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
1.30%
|
Minimum To Earn APY:
$0
|
|
|
Relay Standard
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
|
|
Chase Business Complete Banking
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
|
|
Bank of America Business Advantage Fundamentals
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
APY:
0%
|
Minimum To Earn APY:
N/A
|
FAQs
-
Few banks will charge you a fee for opening an account. This can vary depending on how you fund the account, however. For example, some online-only banks may have fees for funding your account with cash instead of an ACH transfer.
Additionally, while you may not need to pay a fee specifically to open the account, some business checking accounts may come with monthly account maintenance fees. Your first monthly fee may be charged right after you open your account.
-
Some common fees you may see in business checking accounts can include:
- Monthly account fees
- Cash deposit fees
- Transaction fees
- Wire transfer fees
- Currency conversion fees
- ATM fees
Many banks offer basic business checking accounts with few, or none, of these fees.
-
Most basic business checking accounts won't have a minimum deposit requirement. This is especially true for checking accounts with no monthly account fees.
Some accounts may have no minimum deposit requirement to open, but may require you to maintain a certain balance to waive the account fees. Premium business bank accounts with lots of extra services will often have high account fees and high balance requirements.
Our Banking Expert
Brittney started her writing career in the world of science, putting her physics degree to good use. Her journey into finance started with building her personal credit, but soon grew into a borderline obsession with credit cards and travel rewards. For the last 7 years, she has enjoyed the ability to share her expertise with readers, as well as the opportunity to interview companies and individuals making an impact on our financial lives. She wholly believe most problems can be solved with the right research -- and a good spreadsheet -- and she specializes in translating complex financial topics into actionable advice to help educate and empower readers.
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We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
American Express is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Brittney Myers has positions in American Express. The Motley Fool has positions in and recommends Bank of America, JPMorgan Chase, Target, and U.S. Bancorp. The Motley Fool has a disclosure policy.