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BlueVine Business Checking review

A digital bank account with impressive perks: Earn 1.5% APY with free transactions.

finder.com’s rating: 4.5 / 5.0

★★★★★

BlueVine Business Checking is best for small business owners, contract workers and freelancers who want a free account with impressive perks. It has no monthly fees and rewards you with 1.5% interest on balances of up to $100,000. But although it accepts cash deposits, you’ll pay $4.95 each time.

$0 per month

Fee

1.50%

APY

$0

Minimum deposit to open

Details

APY1.50% on balances of $0 to $100,000 You need spend $500 a month or receive $2,500 a month in customer statements.
Fee$0 per month
Minimum deposit to open$0
ATMs38,000+ MoneyPass® locations nationally
ATM transaction fee$0
Out-of-network ATM fee$0
Overdraft fee$0
Nonsufficient funds fee$0
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Review by


Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

The BlueVine Business Checking account stands apart for its impressive 1.5% APY after meeting requirements, free transactions and no minimum deposits or monthly fees.

To earn the account’s impressive APY you’ll need to meet one of two requirements: either spend $500 per month with your Bluevine Business Debit Mastercard or receive $2,500 or more in customer payments each month to your Bluevine checking account or sub-account.

Bluevine’s main strength is its consumer friendliness. While there are other business checking accounts out there that earn interest and others that have no fees, it’s rare to find one that offers both perks.

For example, LendingClub Tailored Checking offers interest, but you’ll pay a $10 monthly fee. And while TIAA Bank’s Small Business Checking account is free and bears interest, you’ll only earn 0.1% APY, which is much lower than what you’ll earn with BlueVine Business Checking.

But BlueVine Business Checking does have a few drawbacks. You won’t earn interest on balances over $100,000 and you’ll pay $4.95 each time you deposit cash at a Green Dot location. BlueVine Business Checking also doesn’t currently integrate with any accounting software.

How do I open a BlueVine Business Checking account?

It takes 60 seconds to sign up for a BlueVine Business Checking account using these steps:

  1. Select Apply now.
  2. From the official Bluevine website, click on the Business Checking tab and select Sign up for free.
  3. Enter your full name, email address and phone number.
  4. Create your password and click Get Started.
  5. Enter your business information and click Next.
  6. Enter your personal information and click Finish.

Eligibility

Open a BlueVine Business Checking account when you meet these requirements:

  • Small business owner
  • At least 18 years old
  • US citizen or resident
  • US residential address
  • Not in the adult entertainment, gambling, weapons and firearms or illegal substances industries

Required information

Here’s everything you’ll need to open your account:

Business information:
  • Business name
  • Business address
  • Business phone number
  • Social Security number or employer identification number (EIN)
  • Entity type
  • Annual revenue
  • Industry
Personal information:
  • Full name
  • Home address
  • Phone number
  • Date of birth
  • Social Security number
  • Percentage of ownership

5 benefits of the BlueVine Business Checking account

With BlueVine Business Checking, you can pay bills online, instantly lock your debit card from your phone and schedule one-time or recurring payments. Your account comes with two free checkbooks and these unique perks:

  1. Unlimited transactions. Open this account with as little as $0 and enjoy unlimited transfers, deposits and withdrawals for free.
  2. No hidden fees. Unlike other banks, Bluevine doesn’t charge any fees for monthly maintenance, incoming wires, non-sufficient funds and more. Plus, there are no minimum opening deposit requirements.
  3. Earns interest. Earn an impressive 1.5% APY on balances up to $100,000 in your BlueVine Business Checking account. To qualify you’ll need to spend at least $500 per month with your Bluevine Business Debit Card or receive $2,500 per month in customer payments to your Bluevine checking account or sub-accounts.
  4. Accepts cash deposits. Deposit cash or checks at over 90,000 Green Dot locations nationwide, a rare perk considering most online bank accounts don’t accept cash at all.
  5. Software integrations. Bluevine syncs with accounting software like QuickBooks Online, Wave, Freshbooks and more. You can also connect your account to PayPal, Stripe, Expensify and other business tools.

Bluevine’s ATM network and fees

Use your Bluevine Business Debit Mastercard to withdraw cash for free at over 38,000 MoneyPass ATMs nationwide. If you use a machine outside of this network, Bluevine won’t charge you a fee, but the ATM operator might. Bluevine doesn’t reimburse fees from using ATMs out of its network.

ATMs in the Bluevine network don’t accept cash deposits. Instead, you’ll need to visit any of the 90,000 Green Dot locations to make deposits.

2 potential drawbacks to the BlueVine Business Checking account

BlueVine Business Checking has its perks, but there are a few things to watch out for:

  1. Fee for cash deposits. You’ll pay $4.95 when you deposit cash at a Green Dot location.
  2. No savings account options. BlueVine Business Checking is the only bank account you’ll find with Bluevine. If you’re hoping to keep your checking and savings in one place, you may want to keep looking.

Looking for a free account that integrates seamlessly with your accounting software? Compare the best free business checking accounts.

Compare Bluevine Business with other checking accounts

Use this table to see how BlueVine Business Checking stacks up against other business checking accounts. Sort by minimum deposit to open, fees and more.

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee Offer
Live Oak Bank Small Business Checking Account
Live Oak Bank Small Business Checking Account
N/A
$0
Access over 55,000 free in-network ATMs
No account opening or monthly maintenance fees. Deposit checks, pay bills & initiate transfers online.
Lili
Finder Rating: 4.6 / 5: ★★★★★
Lili
1.00%
$0
32,000 fee-free ATMs nationwide
$2.50
Small business owners and freelancers get paid up to two days early and can automatically set aside money for taxes with the Lili digital banking account.
BlueVine Business Checking
Finder Rating: 4.5 / 5: ★★★★★
BlueVine Business Checking
1.50% on balances of $0 to $100,000
$0
38,000+ MoneyPass® locations nationally
$0
A digital account that earns 1.5% APY, offers unlimited transactions and no monthly fees.
First Internet Bank Small Business Checking
0.30% on balances of $10,000+
$0
Up to $10 ATM fee reimbursements a month, plus free access to the ATM Plus Network
$0
No minimum balance and no monthly service fee. Make unlimited deposits. Get reimbursed up to $10 per month in ATM fees
Novo
Finder Rating: 4 / 5: ★★★★★
Novo
N/A
$50
Novo doesn't charge ATM fees and will reimburse any non-network fees you incur
$0
A low-fee online checking account designed for small businesses and startups.
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How long will it take to get my card?

Once your account is approved, you’ll instantly get a virtual debit card to use online and through ApplePay or GooglePay. Your physical debit card will arrive in the mail within seven to 10 business days

How do I deposit or withdraw my money?

BlueVine Business Checking gives you several ways to access your money:

Deposits

  • Direct deposit
  • Check deposit via mobile app or at a Green Dot location
  • Cash deposit at a Green Dot location
  • Domestic wire transfer
  • ACH transfer from an external bank account
  • Transfer from a linked bank account

Withdrawals

  • Cash back at an ATM
  • Domestic wire transfer
  • ACH transfer to an external bank account
  • Transfer to a linked bank account
  • Cash back at a retailer

Bluevine Business Checking reviews and complaints

A few consumers have expressed their satisfaction with Bluevine Business Checking on reddit, noting the account’s lack of minimums and fees are convenient for newer businesses. However, some note they feel they may need to switch from Bluevine after their business grows large enough on account of Bluevine’s lack of savings accounts.

Bluevine sports an A+ rating with the Better Business Bureau and has been accredited with the organization since 2014. Bluevine holds a 4.4 out of 5 customer score on Trustpilot with 81% of its reviews scoring “excellent.”

Frequently asked questions

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

Read the full methodology of how we rate checking accounts.

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