Our pick for small online businesses: Novo

$0
Monthly fee
- Zero Liability
- Accepted worldwide
- No minimum balance
The best business checking and savings account offer the tools to help your business succeed. Here’s a list of our top 14 picks:
Account | Type | Best for… | APY | More info |
---|---|---|---|---|
Radius Bank Tailored Checking account | Checking | free ATM access | 0.1% | Go to site |
Novo Business Checking account | Checking | Best for small online businesses | 0% | Go to site |
NorthOne Business Banking | Checking | Best for cash deposits | 0% | Go to site |
TIAA Bank Small Business Checking account | Checking | Best for large businesses | 0.12% | Read review |
Bluevine Checking | Checking | Best for high interest rates | 1% | Go to site |
Wave Money | Checking | Best for freelancers | 0% | Read review |
NBKC Business Checking | Checking | Best for low fees | 0% | Learn more |
Axos Bank Business Savings account | Savings | Best for low fees | 0.5% | Read review |
First Internet Bank Money Market Savings account | Savings | Best for high interest rate | 0.5% | Learn more |
Live Oak Bank Online Savings account | Savings | Best for online businesses | 0.6% | Learn more |
First Internet Bank Regular Savings account | Savings | Best for small businesses | 0.7% | Learn more |
NBKC Bank Business Money Market Account | Savings | Best for low fees | 0.8% | Learn more |
Business checking accounts can help you manage expenses, pay bills and budget for the future. We’ve curated a list of some of the best business checking accounts with features that could make your banking experience more convenient. Best for free ATM accessRadius Bank Tailored Checking
APY
Fees
Min. opening deposit
APY
0.1%
Account fees
$10
monthly
Can the fee be waived?
Yes
No monthly maintenance fee with balances of $5,000 and up
ATM transaction fee
$0
Best for small online businessesNovo
APY
Fees
Min. opening deposit
APY
0%
Account fees
$0
monthly
Can the fee be waived?
Yes
Insufficient funds fee
$27
ATM transaction fee
$0
Paper statement fee
$0
Foreign transaction fee
0%
Overdraft fee
$0
Accout closure fee
$0
Best for cash deposits Best for large businessesNorthOne Business Banking
APY
Fees
Min. opening deposit
APY
0%
Account fees
$10
monthly
Can the fee be waived?
No
Insufficient funds fee
$25
ATM transaction fee
$0
Foreign transaction fee
1.1%
Overdraft fee
$5
TIAA Bank Small Business Checking
APY
Fees
Min. opening deposit
APY
0.12%
Account fees
$0
monthly
Can the fee be waived?
Yes
Insufficient funds fee
$30
ATM transaction fee
$0
Overdraft fee
$0
Best for high interest ratesBlueVine Business Checking
APY
Fees
Min. opening deposit
APY
1%
Account fees
$0
monthly
Can the fee be waived?
Yes
Insufficient funds fee
$0
ATM transaction fee
$0
Overdraft fee
$0
Best for freelancersWave Money
APY
Fees
Min. opening deposit
APY
0%
Account fees
$0
monthly
Can the fee be waived?
Yes
ATM transaction fee
$0
Overdraft fee
$0
Best for low feesNBKC Business Checking
APY
Fees
Min. opening deposit
APY
0%
Account fees
$0
monthly
Can the fee be waived?
Yes
Overdraft fee
$0
Any money that’s left over from your monthly operations can be stored in a savings account to create a passive income stream. And with the right business savings account, you could get access to extra perks that can benefit your business.
Best for low fees
Interest compounding |
Daily
|
---|
Best for high interest rate.
Interest compounding |
Daily
|
---|---|
Minimum to earn interest | $0 |
Monthly transaction limit | 6 |
Fee per transaction over limit | $5 |
Best for online businesses
Interest compounding |
Daily
|
---|---|
Minimum to earn interest | $0.01 |
Monthly transaction limit | 6 |
Fee per transaction over limit | $10 |
Best for small businesses
Interest compounding |
Daily
|
---|---|
Minimum to earn interest | $0 |
Monthly transaction limit | 6 |
Fee per transaction over limit | $5 |
Best for low fees
Interest compounding |
Daily
|
---|---|
Minimum to earn interest | $0.01 |
Monthly transaction limit | 6 |
Fee per transaction over limit | $10 |
While searching for the best checking and savings accounts, keep these factors in mind to help you compare your options:
Checking and savings accounts are often a core component of managing the cash flow of your business. Whether your requirements are cut and dry or you need an account to fit into a complex management system, there’s probably an account that fits. Dig deeper into one of these best business bank accounts or learn more about the other options that might be at your disposal.
This table has two tabs: one for checking and one for savings. Click on whichever tab you’re interested in, then sort the table by minimum deposits, fees and more. If you want to compare multiple accounts at once, click the “Compare” box next to your top picks for an alternative view.
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