Best Current Accounts Companies February 2023 (2023)

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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.

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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.

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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.

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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.

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Membro FDIC

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.

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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.

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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.

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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.

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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.

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No site of Banco Axos

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.