The government announced on March 12, 2023, that it was shutting down Signature Bank, a 24-year old digital bank that catered to law firms and real estate companies and more recently became a major player in cryptocurrency lending. This news came just days after the closing of fellow digital bank Silicon Valley Bank.

Signature Bank customers will be able to access their insured deposits through the FDIC, though the days ahead for this bank remain unclear.

If you need to open a top-notch business bank account that caters to growing businesses, look to these top alternatives offering free transactions, low fees and useful tools that can help you to keep track of expenses, stay on top of payroll and simplify tax obligations as you scale your business.

12 Signature Bank alternatives for small businesses

1. Novo Business
2. Relay
3. Brex Cash account
4. Bluevine Business Checking
5. Live Oak Bank Small Business Checking Account
6. Lili
7. Found
8. Chase Business Complete Checking
9. Axos Bank Basic Business Checking
10. Square
11. North One Business Banking
12. Axos Bank Business Interest Checking

Compare Signature Bank alternatives from our partners

Find the best bank account for your business by comparing fees, minimum deposits and ATM access. Select Compare for up to four products to see their benefits side by side.

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Product	Finder Score	Fee	Annual Percentage Yield (APY)	FDIC Insured Amount	Software Integrations	Account management	Bank transfer fee	Bonus Offer
Promoted Finder score 8.8 Great Airwallex	Finder score 8.8 Great	$0 per month	N/A	Up to $250,000	Amazon, Quickbooks, Zapier, Shopify, Xero, Hubspot and more	Online, App, Phone	$0	Go to site More info Compare product selection Compare	loading
Promoted Finder score 9 Excellent Found	Finder score 9 Excellent	From $0 per month	1.50% on balances of $0 to $20,000	Up to $250,000	QuickBooks, Stripe, Cash App, PayPal, Square, etc.	Online, App, Phone	$0	Go to site More info Compare product selection Compare	loading
Promoted Finder score 8.4 Great Novo Business	Finder score 8.4 Great	$0 per month	N/A	Up to $250,000	Quickbooks, Stripe, Square, Xero, and more	Online, App, Phone	$0	Go to site More info Compare product selection Compare	loading
Finder score 8 Great North One Business Banking	Finder score 8 Great	From $0 per month	3.00% on balances of $0 to $250,000 2.50% on balances of $0 to $250,000	Up to $250,000	PayPal, Stripe, Square, Etsy, Airbnb, Amazon and more	Online, App, Phone	$0	Go to site More info Compare product selection Compare	loading
Finder score 9.4 Excellent Revolut Business	Finder score 9.4 Excellent	From $10 per month	N/A	Up to $250,000	Xero, FreeAgent, Zapier, Slack, Google Workspace, QuickBooks, HR programs and more	Online, App, Phone	$0	Go to site More info Compare product selection Compare	loading
Finder score 7.6 Great Chase Business Complete Banking®	Finder score 7.6 Great	$15 per month (can be waived)	N/A	Up to $250,00	N/A	Branch, Online, App, Phone	$0	Top Offer Earn up to $500 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.	Go to site More info Compare product selection Compare	loading
Finder score 9.6 Excellent Relay	Finder score 9.6 Excellent	$0 per month	3.76% on balances of $50,000+ 2.75% on balances of $10,000 to $50,000 1.75% on balances of $0 to $10,000	Up to $2.5 million	QuickBooks Online, Xero, Gusto, Plaid, and Yodlee	Online, App, Phone	$0	Go to site More info Compare product selection Compare	loading
Finder score 9 Excellent Bluevine Business Checking	Finder score 9 Excellent	From $0 per month	3.70% on balances of $0 to $3,000,000 2.70% on balances of $0 to $250,000 1.50% on balances of $0 to $250,000	Up to $3 million	Cash App, Expensify, Quickbooks, Square, Stripe, Wave, Wise, Venmo, and Xero	Online, App, Phone	$0	Top Offer You can earn $300 when you open a new Bluevine Business Checking account and meet eligibility requirements. Apply with referral code CA300.	Go to site More info Compare product selection Compare	loading
Finder score 9.2 Excellent NBKC Business Checking	Finder score 9.2 Excellent	$0 per month	N/A	Up to $250,000	N/A	Branch, Online, App, Phone	$0	Go to site More info Compare product selection Compare	loading
Finder score 8.8 Great Mercury	Finder score 8.8 Great	$0 per month	N/A	Up to $5 million	Compatible with external merchant services such as Amazon, PayPal, Stripe, Shopify and Square, and can sync with Quickbooks, NetSuite and Xero.	Online, App, Phone	$0	Go to site More info Compare product selection Compare	loading
Finder score 7.8 Great Lili	Finder score 7.8 Great	From $0 per month	3.00% on balances of $0.01 to $1,000,000	Up to $250,000	Quickbooks,Cash App, Stripe, Venmo, Xero, FreshBooks, Etsy, and Shopify	Online, App, Phone	$0	Top Offer Get 30 days free plus 40% off for 3 months.	Go to site More info Compare product selection Compare	loading
Finder score 9.2 Excellent Brex Cash account	Finder score 9.2 Excellent	$0 per month	3.96%	Up to $6 million	1,000+ of integrations like Quickbooks and Slack	Online, App, Phone	$0	Go to site More info Compare product selection Compare	loading
Finder score Not scored yet Wise Business	Finder score Not scored yet	$0 per month	4.85%	Up to $250,000	29 including Adobe Commerce, Clear Books, FreeAgent, FreshBooks, Gusto and more	Online, App, Phone	$0	Go to site More info Compare product selection Compare	loading
Finder score Not scored yet PayPal Business	Finder score Not scored yet	$0 per month	N/A	Not eligible for FDIC pass-through insurance	Easily integrate with various sites and e-commerce sites	Branch, Online, App, Phone	$0	Top Offer Unlimited 1% cash back on eligible purchases. T&C apply.	Go to site More info Compare product selection Compare	loading
Finder score 6.4 Standard U.S. Bank Business Essentials	Finder score 6.4 Standard	$0 per month	N/A	Up to $250,000	N/A	Branch, Online, App, Phone	$0	Top Offer Earn up to a $400 bonus when you open a new, eligible U.S. Bank Business Essentials account with promo code Q3AFL25 and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 30, 2025. Member FDIC.	Go to site More info Compare product selection Compare	loading
Finder score 5.2 Standard U.S. Bank Platinum Business Checking Package	Finder score 5.2 Standard	$30 per month (can be waived)	N/A	Up to $250,000	N/A	Branch, Online, App, Phone	550 free transactions per statement cycle	Top Offer Earn a $1,000 bonus when you open a Platinum Business Checking Account online with promo code Q3AFL25 and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 30, 2025. Member FDIC.	Go to site More info Compare product selection Compare	loading

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How we picked these

How we calculate Business Checking Finder Scores

Read full methodology

What different scores mean

9+

Excellent

These are the best business checking accounts that are likely to have the lowest fees, smallest opening deposits, unlimited transactions and low wire transfer fees.

7+

Great

These accounts may have low service fees, a number of free transactions and low wire transfer fees, but may not offer the most perks.

5+

Standard

These business accounts are likely to charge a monthly fee, may have transaction fees or costly wire transfer fees, but are still typical business accounts.

0+

Basic

These business checking accounts are likely to have costly service fees, may not accept cash deposits, have costly wire transfer fees and lack extra perks the best accounts offer.

How to compare business bank accounts

If your business was affected by the government’s seizure of Signature Bank, you’re likely focused on protecting your assets. When you’re ready to transfer your money to another bank, look for low fees, competitive interest rates and features designed to protect your business and simplify how you manage your money:

• Fees. Look for business accounts with low or minimal fees that are easily waived by meeting deposit, balance or transaction requirements. Confirm that overdraft and other penalty fees are reasonable.
• Interest rates. Increase your profitability and give inflation a run for its money with a bank that offers competitive interest rates on savings, checking and CDs.
• Account minimums. Make sure minimum balance or opening deposit requirements are low and align with your cash flow.
• Online banking. Most banks that cater to startups offer robust digital banking services that include online account management, bill pay and mobile banking on the go.
• ATM access. Weigh ATM availability for your business to access fee-free or low-cost cash withdrawals.
• Merchant services. If your business accepts credit card payments, consider a bank that offers payment processing with fees that fit your transaction volume.
• Software integrations. Most business bank accounts offer integrations for accounting, payroll and taxes. For example, Bluevine syncs with popular business tools like QuickBooks, Stripe and PayPal.
• Access to credit. A relationship with a business designed to grow with you will offer low-cost business loans or lines of credit at competitive rates and terms.
• Fraud protection. Fraud protection and account monitoring helps you spot suspicious account activity, so that you can report it to your bank before you’re held liable.
• Customer support. The best banks for startups and small businesses offer access to a dedicated business banking representative, live chat and quality customer service as you scale.
• FDIC insurance. Confirm that any digital or online bank is backed by the FDIC, which protects balances of up to $250,000.

Are online or digital business banks safe?

Yes. Online and digital banks are insured by the FDIC for up to $250,000 in the same way that brick-and-mortar banks are insured. This protects up to $250,000 of your funds in the unlikely event of a bank failure.

Online banks are built on traditional banking infrastructure, so they look and feel a lot like traditional accounts, helping the best online and digital banks to offer fewer fees and higher interest rates than your corner bank branch.

Digital banks are built on brand-new infrastructure and often have more tech-forward features, like early direct deposits and the ability to budget and save for specific goals directly in the mobile app.

Featured picks for alternatives to Signature Bank

All-in-one business banking

Go to site on North One's secure site

• $0 monthly fee with Standard plan
• Unlimited transactions
• Set up in as little as 3 minutes from your computer or phone

For international business

Go to site on Airwallex's secure site

• $0 monthly fees
• Pay in 60+ currencies to 150+ countries
• Expense management & software integration

For global businesses

Go to site

• Global payments & multi-currency accounts
• Easy app & software integrations
• Starting at $10 per month

Written by

Steven Dashiell

Senior writer

Steven Dashiell is an editor for Bankrate and CreditCards.com and formally a personal finance writer at Finder, specializing in credit cards, banking and growing and protecting your income. His insights and expertise has been featured on Nasdaq, U.S. News & World Report, Time, CBS, ABC, Fox Business, Lifehacker and Martha Stewart Living, among other top media. Steve holds a BA in English from University of Maryland, Baltimore County, minoring in composition and rhetoric. In his spare time Steve nerds out on birds, paints and plays a whole lot of Street Fighter. See full bio

Steven's expertise

Steven has written 46 Finder guides across topics including:

• Credit cards
• Budgeting and saving
• Rewards programs