OFFER SELECTED PARTNERS
Chase Business℠ Complete Bank
On the site of persecution
annual percentage yield
0%
Minimum deposit requirement
$ 0
monthly quota
$ 15
Dispensable
OFFER SELECTED PARTNERS
nbkc bank business checking account
4.4
Our ratings take into account a product's category-specific premiums, fees, prices, and other attributes. All reviews are carried out exclusively by our editorial team.
annual percentage yield
0%
Minimum deposit requirement
$ 0
monthly quota
$ 0
To know more
Read our full review
annual percentage yield
0%
Minimum deposit requirement
$ 0
monthly quota
$ 0
why did we choose it
Founded in 1999, nbkc bank is a Kansas-based online bank with only four brick-and-mortar branches, all located in Kansas and Missouri. The nbkc bank business account is the bank's only business verification offer and it prides itself on the fact that the account is usually fee-free.
There is no minimum deposit requirement and there is no monthly administration fee to be found at other banks. But nbkc goes even further: there are no overdraft or undercover fees, electronic statement fees, payment interruption fees, or bill payment services.
nbkc Bank offers a free debit Mastercard that can be used at over 37,000 MoneyPass ATMs in the US and Puerto Rico with no fees. If you need to use an off-grid metered ATM, nbkc will reimburse you up to $12 per billing cycle.
In addition to a great checking account, nbkc bank offers business savings accounts, money market accounts and certificates of deposit (CDs), four business credit cards, business loans and lines of credit, and business solutions including cash management, fraud management, collections . and payment services.
read our completenbkc bank business check review.
for and against
- Very low fees including monthly maintenance fee
- No minimum deposit required to open an account
- Online and mobile business banking access
- Up to $12 per month in off-grid ATM fee refunds
- There are no physical bank branches outside of Kansas and Missouri
- Fees for international transfers (in and out) and domestic departures
OFFER SELECTED PARTNERS
Exame TIAA Small Business Banking
4.0
Our ratings take into account a product's category-specific premiums, fees, prices, and other attributes. All reviews are carried out exclusively by our editorial team.
annual percentage yield
0,50%
Minimum deposit requirement
1.500 $
monthly quota
$ 0
To know more
Read our full review
annual percentage yield
0,50%
Minimum deposit requirement
1.500 $
monthly quota
$ 0
why did we choose it
Headquartered in Florida, TIAA Bank is a division of TIAA, FSB, a world leader in financial services with a long history of serving educators and others. TIAA Bank offers robust business audit services, savings accounts and treasury services.
The TIAA Bank Small Business Current Account is designed specifically for sole proprietors and sole proprietorships (LLCs). This is an interest-bearing checking account that pays 0.10% APY on all balances. The minimum deposit to open a small business checking account is $1,500 and there is no monthly account maintenance fee.
You get free ATM access at any Allpoint or MoneyPass ATM in the US. If you have a balance of $5,000 or more, TIAA Bank will refund all US ATM fees charged by other banks. If your balance is less than $5,000, you'll get back up to $15 a month in US ATM fees.
For small businesses with moderate transaction volumes, the bank also offers TIAA Business Checking, which offers up to 200 free transactions and 10 free online bill payments per month. TIAA Business Checking is interest free and has a monthly maintenance fee that can be waived with a $5,000 balance. TIAA Bank offers a variety of other savings and checking account solutions, including money market accounts and commercial CDs, as well as a variety of commercial and treasury services.
read our completeTIAA Bank Business Current Account Review.
for and against
- Various checking account options available
- Small business checking account pays interest
- No or waived monthly maintenance fees
- Wide range of business support services.
- Few physical offices, all in Florida
- Relatively higher minimum deposit requirements than other banks on this list
- Commissions for national and international transfers
OFFER SELECTED PARTNERS
LendingClub custom checking account
4.0
Our ratings take into account a product's category-specific premiums, fees, prices, and other attributes. All reviews are carried out exclusively by our editorial team.
annual percentage yield
Up to 1.50%
1.50% APY on the first $100,000 of a balance and 0.10% APY on installments of balances over $100,000
Minimum deposit requirement
$ 100
monthly quota
$ 10
$0 with a monthly balance of $500
To know more
Read our full review
annual percentage yield
Up to 1.50%
1.50% APY on the first $100,000 of a balance and 0.10% APY on installments of balances over $100,000
Minimum deposit requirement
$ 100
monthly quota
$ 10
$0 with a monthly balance of $500
why did we choose it
Radius, an online bank founded in 1987, was acquired by LendingClub, one of the largest online lending marketplaces, in February 2020 and now operates as LendingClub Bank. LendingClub Tailored Checking is the premier business verification option which, unlike the other accounts on this list, earns interest and refunds.
LendingClub Tailored Checking pays 1.50% APY on the first $100,000 of a balance and 0.10% APY on installments of balances over $100,000.
In an unusual feature for a business checking account, subscription-based online "credit" transactions made with the LendingClub debit card receive an unlimited 1.00% back, as long as you meet the account requirements, including a balance monthly average of $500 or more. LendingClub does not charge ATM fees and refunds fees from other ATMs worldwide.
LendingClub's custom checking account offers unlimited free transactions. The $10 monthly maintenance fee is waived if you have an average monthly balance of $500 or more. Once you make a minimum deposit of $100 to open a custom checking account, there is no minimum balance required.
LendingClub Bank offers several savings options for small businesses and commercial applications, including savings accounts, money market accounts and CDs. LendingClub also offers a variety of commercial lending and cash management solutions, including being a nationally preferred SBA lender.
read our completeRadius, Now LendingClub, Business Current Account Analysis.
for and against
- The account earns interest and is repaid if the requirements are met.
- Unlimited transactions and discounted ATM fees
- Access to digital invoicing and point of sale solutions
- Phone and live chat support available seven days a week
- Monthly maintenance fee for balances under $500
- No physical bank branches
- Fees for inbound and outbound transfers
OFFER SELECTED PARTNERS
Bluevine Business Verification
No site da BlueVine
annual percentage yield
2,00%
on balances up to and including $100,000
Minimum deposit requirement
$ 0
monthly quota
$ 0
why did we choose it
BlueVine, an online banking platform founded in 2013, offers a business checking account with unlimited transactions and very low fees. BlueVine Business Checking earns a very competitive 2.00% APY on balances up to $100,000.00. (Balances over $100,000 will not accrue interest).
To earn 2.00% APY, you must spend $500 per month with your Mastercard BlueVine Business debit card or receive $2,500 per month in customer payments into your BlueVine Business checking account via ACH, wire transfer, mobile check deposit, or directly from the provider's merchant payment processing.
There is no minimum deposit, monthly service fee, minimum balance or ATM fee required at over 37,000 MoneyPass ATMs nationwide. BlueVine does not charge an insufficient funds fee, and for those who write paper checks, they receive two free checkbooks.
BlueVine offers a Mastercard business debit card. Business owners have an unlimited number of transactions they can use to pay vendors and invoices via ACH transfer, wire transfer or check. It's easy to transfer money to and from other accounts and schedule one-time and recurring payments.
The BlueVine mobile app provides 24/7 access to your bank details and if you need help there is an online resource center and customer service you can contact by phone or email. BlueVine also offers business lines of credit to eligible customers.
Small business owners who need to make cash deposits can do so for a fee through BlueVine's partnership with Green Dot with more than 90,000 US retail locations. BlueVine is a fintech company, not a bank. Deposits are insured by the FDIC through Coastal Community Bank.
read our completeBlueVine Business Check Review.
for and against
- Get a very competitive APY current account
- Very low fees and no monthly maintenance fee
- No initial deposit or minimum balance
- two free checkbooks
- Access to an extensive network of ATMs
- no savings accounts
- No physical bank branches
- Cash deposit fees
OFFER SELECTED PARTNERS
FOR US Bank Silver Business Checking Account Package
No site do banco americano
Membro FDIC
annual percentage yield
0%
Minimum deposit requirement
$ 100
monthly quota
$ 0
why did we choose it
The United States Bank, the fifth largest bank in the US by assets, offers five corporate checking accounts, including special accounts for non-profit organizations and companies with complex needs.
For start-ups and small businesses with basic banking needs, the US Bank Silver Business Checking Package, a hassle-free business checking account with no monthly account management fee. A minimum deposit of $100 is required to open a Silver Business checking account.
You can make 125 free transactions per billing cycle; These transactions include bank deposits, ATM deposits, and check and debit card purchases. Transactions cost $0.50 each over the limit of 125.
You can make up to 25 free cash deposits per statement cycle. If you need to write paper checks, get 50% off your first order of checks up to $50.
U.S. Bank's five business checking accounts include a debit card and surcharge-free transactions at U.S. ATMs. Banking, online and mobile banking with mobile check deposit, and access to a variety of business services and solutions of payment. Banco dos Estados Unidos also offers corporate funds, including bank accounts, money market accounts and CDs.
read our completeUS Bank Silver Commercial Current Account Review.
for and against
- No monthly maintenance fee
- Online account opening
- Highly rated mobile banking app
- Access to US bank branches and ATMs
- Other business checking accounts offer more features
- Fees will apply if you exceed the monthly transaction limit
- The account does not earn interest
OFFER SELECTED PARTNERS
Primer examen Do More Business™ de Internet Bank
3.6
Our ratings take into account a product's category-specific premiums, fees, prices, and other attributes. All reviews are carried out exclusively by our editorial team.
annual percentage yield
0,50%
with an average daily balance of $10,000
Minimum deposit requirement
$ 0
monthly quota
$ 0
To know more
Read our full review
annual percentage yield
0,50%
with an average daily balance of $10,000
Minimum deposit requirement
$ 0
monthly quota
$ 0
why did we choose it
First Internet Bank is an Indiana-based digital bank founded in 1999. It offers two business checking accounts: Small Business Checking and Commercial Checking. The small business checking account on this list comes with no minimum deposit, no minimum balance, and no monthly maintenance fee.
First Internet Bank Small Business Checking also pays 0.50% APY for accounts with an average daily balance of $10,000 APY for accounts with an average daily balance of $10,000. You can make an unlimited number of transactions per month and get paid back up to $10 per month in ATM fees.
Another business checking account option is First Internet Bank Commercial Checking, designed for businesses that need access to additional banking services such as sweeping services, remote deposit capture, wire transfer services and more.
First Internet Bank also offers several deposit accounts for businesses, including a savings account, an overnight deposit account, and CDs.
read our completeInternet banking business first review.
for and against
- APY competitive checking account
- Monthly ATM fee refunds up to $10
- No monthly maintenance fee for Do More Business Checking
- Multiple custody account options available
- No physical bank branches
- Sam rede ATM
OFFER SELECTED PARTNERS
New business Girokonto
3.6
Our ratings take into account a product's category-specific premiums, fees, prices, and other attributes. All reviews are carried out exclusively by our editorial team.
annual percentage yield
0%
Minimum deposit requirement
$ 0
new charges $50
monthly quota
$ 0
To know more
Read our full review
annual percentage yield
0%
Minimum deposit requirement
$ 0
new charges $50
monthly quota
$ 0
why did we choose it
Novo stands out from the other banks listed here due to its exclusive focus on commercial banks. Novo is a banking platform, not a bank, whose deposits are managed by partner bank Middlesex Federal Savings, F.A. they are insured. Designed to serve small business owners, entrepreneurs and the self-employed in the United States, Novo offers a single business checking account.
The account has no monthly maintenance fee or minimum balance requirement. New requires a minimum opening of $0 to unlock all account features. There are very few fees associated with this account: Novo Business Checking offers free wire transfers, checks sent and wire transfers received, and refunds all ATM fees.
The account integrates with other small business tools you can use to run your business, including Stripe, Shopify, and QuickBooks. It also integrates with Zapier and Slack. If you need to send a paper check, you can order free shipping online. If you need to deposit money, you can purchase a money order and deposit it via the mobile check deposit feature.
read our completeNew Business Current Account Review.
for and against
- No monthly fee and some other fees
- Integrates with popular tools like Stripe, QuickBooks and Shopify
- All ATM fees will be refunded
- does not earn interest
- no cash deposits
- overdraft fees
OFFER SELECTED PARTNERS
Bank of America Business Advantage Fundamentos™ Banking
3.5
Our ratings take into account a product's category-specific premiums, fees, prices, and other attributes. All reviews are carried out exclusively by our editorial team.
annual percentage yield
0%
Minimum deposit requirement
$ 100
monthly quota
$ 16
Dispensable
To know more
Read our full review
annual percentage yield
0%
Minimum deposit requirement
$ 100
monthly quota
$ 16
Dispensable
why did we choose it
Bank of America offers two main commercial checking accounts: Business Advantage Fundamentals Banking and Business Advantage Relationship Banking. The Fundamentals Business checking account featured here offers basic small business banking features and flexible account tools at a low monthly cost. The account has a monthly fee of $16, which can be waived by meeting certain account minimums and other activities (see details).
With Business Advantage Fundamentals Banking, your business can enjoy online banking and bill payment, mobile banking (including mobile check deposit), automated account alerts to prevent fraudulent activity, and corporate debit cards with Total Security Protection.
Bank of America also offers account management services, including QuickBooks integration, for $15 a month. The Fundamentals account includes access to the Bank of America Cash Flow Monitor and connected apps to track the financial performance of your business.
If you need general customer service, please call Monday through Friday, 7:00 am to 5:00 pm. m. at 1:00 p.m. ET and Saturday, 8 am to 5 pm. m. at 8 p.m. E.T. If you have specific questions about commercial banking services such as remote deposits or online banking, please call additional dedicated service hotlines.
Bank of America also offers a variety of additional business banking resources, including savings and DC accounts, business management tools and services, credit cards, credit and retirement solutions from Merrill Edge.
read our completeBank of America Operations Review.
for and against
- Monthly maintenance fee may be waived on eligible balances or transactions
- Cash flow monitor and connected app performance monitoring tools
- Highly rated mobile app
- Broad access with 17,000 Bank of America ATMs and thousands of local branches
- Additional $15 monthly fee for account management services
- Non-Bank of America ATM transaction fees
- No 24/7 customer service
OFFER SELECTED PARTNERS
Chase Business℠ Complete Bank
3.4
Our ratings take into account a product's category-specific premiums, fees, prices, and other attributes. All reviews are carried out exclusively by our editorial team.
annual percentage yield
0%
Minimum deposit requirement
$ 0
monthly quota
$ 15
Dispensable
On the site of persecution
annual percentage yield
0%
Minimum deposit requirement
$ 0
monthly quota
$ 15
Dispensable
why did we choose it
Chase Business Complete Banking connects a business checking account to Chase QuickAccept. With Chase QuickAccept, your business can accept card payments as an integrated feature of your small business bank account. For a small fee, you can process card payments and receive same-day deposits into your business checking account.
The $15 monthly service fee is waived if you meet certain monthly account requirements (see details). There are no fees for the first 20 deposits and withdrawals made over the counter or by check. A fee of 40 cents applies to each additional paper check or over-the-counter transaction.
The Chase Business Complete Checking Debit Card has a daily purchase limit of $10,000. Chase ATMs at branches allow you to withdraw up to $3,000 in cash per day. Chase fees for using off-network ATMs in the US and internationally.
You can send and receive money with Chase QuickDeposit, Wire Transfer and Chase Online Bill Pay. Enrollment in Chase QuickDeposit is subject to approval and requires a two-year contract and monthly check scanner maintenance fee.
As your business grows, Chase also offers Business Performance Verification and Platinum Business Verification, which incur additional fees and features. Chase also offers business savings accounts and CDs, small business financing including loans and lines of credit, and corporate credit cards.
read our completeChase Business Banking Complete Review.
for and against
- No minimum deposit required
- Diverse and convenient access: online, mobile, branches, ATMs
- Optimized business cash flow management
- Availability of other Chase Business banking services
- Monthly service fee unless waived
- A branch visit may be required to open an account.
- Transaction fees for 20+ paper checks or cashier services per month
OFFER SELECTED PARTNERS
Basic Business Check Axos Bank
No site of Banco Axos
annual percentage yield
0%
Minimum deposit requirement
$ 0
monthly quota
$ 0
why did we choose it
Axos Bank is a full-service online bank since 2000 and offers two commercial checking accounts: Basic Business Check and Business Interest Check.
The Axos Basic Business checking account featured here has no initial deposit, no monthly maintenance fee and no minimum balance requirement. If you choose to use paper checks, your first set of 50 checks is free. The account offers a Visa debit card with unlimited domestic ATM fee refunds. Dedicated bank account managers are available Monday through Friday. There is no limit to the number of transactions (debits, credits or deposited items) that can be processed each month. We'll also reimburse you for two household cables per month.
The bank also offers Axos Bank Small Business Interest Checking, which pays up to 1.01% APY on balances under $50,000. This account only requires a minimum deposit of $100 to open. The $10 monthly maintenance fee can be waived with an average daily balance of $5,000. Business Interest Verification also offers unlimited reimbursement of domestic ATM fees. The first 100 transactions are free each month, with a $0.50 fee for each additional transaction.
Axos Bank also offers two business savings accounts, a business money market account, a non-profit money market account and commercial certificates of deposit. Merchant services are provided through a partnership with Celero Merchant Solutions.
read our completeReview of Axos Bank operations.
for and against
- With Basic Business Checking, there are no monthly account administration fees
- First set of courtesy paper checks
- Unlimited redemptions at domestic ATMs
- Compatibility with QuickBooks
- With commercial interest verification monthly maintenance fee, unless waived
- No physical bank branches
Frequently Asked Questions (FAQ)
Who has the best business checking account?
There is no one best checking account for all businesses. But accounts with low or no fees, debit cards and credit products, and easy access to branches and ATMs are good options for most small and medium-sized businesses.
How many business checking accounts should I have?
The right number of business checking accounts for you depends on how you prefer to manage your business income and expenses. It might be a good idea to have at least one business checking account for making payments and paying expenses and a separate account for holding cash reserves. You may also want to consider a business money market account, which allows you to earn interest while enjoying the flexibility of writing checks or accessing a debit card.
How do I open a business checking account online?
If you want to open a business checking account, you must first decide which bank or savings bank you want to work with. You can then submit an online application for a business checking account and provide the required personal and business information. If you open a checking account at a new bank, you will also need to link an external account to make your first deposit.
Who needs a business checking account?
Whether you are a sole proprietor or a business owner with employees,Your business needs a business checking account. From a tax point of view, it is important to separate private financing from corporate financing from the outset. Even if you only work part-time, a business checking account shows your credibility and professionalism.
Which banks offer free business checking accounts?
Many financial institutions offer free trading accounts, i.e. h There are no monthly fees. Many of the financial institutions that offer free business audits are online-only banks that are not household names in the banking world. Some online-only banks that offer free checking accounts for businesses include Axos, BlueVine, Grasshopper, Lili, and Novo.
How to close a business checking account
While you can close a business checking account online, you may need to visit a branch or call your financial institution to close your account. Before closing an account and moving your money elsewhere, make sure all pending transactions are complete and make other arrangements for scheduled payments and deposits. Please also request written confirmation that the account has been closed.
What is the difference between business and personal checking accounts?
How you will manage your personal and business checking accounts, it is important to knowtheir similarities and differences. Although the accounts are similar, they may operate under different rules, fees and assumptions. With a business checking account, you are likely to handle a greater variety of transactions and improve the quality of your record keeping business.
What are the main features of business current accounts?
As with any financial decision, the key features of a business checking account are specific to your business, your needs and your personal banking habits.Company specific functionsYou should consider integrations with other accounting tools, e-commerce and payment features, debit card security features, and discounts on ATM fees.