Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Best business bank accounts for small businesses

Keep your personal assets separate with a business bank account suited for LLCs.

Whether you have a limited liability company (LLC) or just small business, it’s important to have a business checking account separate from your personal account to protect your personal assets. A business bank account helps streamline your business’s operations for bookkeeping, tax purposes and day-to-day expenses.

Why trust Finder

  • 300+ banks and credit unions reviewed
  • 50+ business checking accounts analyzed and rated by our team of experts
  • Evaluated under our unbiased rating system covering 13 categories
  • 20+ years of combined experience covering financial topics

We're big on editorial independence. That means our content, reviews and ratings are fair, accurate and trustworthy. We don't let advertisers or partners sway our opinions. Our financial experts put in the hard work, spending hours researching and analyzing hundreds of products based on data-driven methodologies to find the best accounts and providers for you. Explore our editorial guidelines to see how we work.

9 best business bank accounts for small businesses

The best bank accounts for small businesses have minimal fees, no required opening deposits and feature business software integrations. A few are also interest-bearing, which could yield extra funds throughout the year.

Best overall

Bluevine Business Checking

4.5
★★★★★

Finder score

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 Read review
APYUp to 4.25%
FeeFrom $0 per month
Minimum deposit to open$0

Best for software integrations

Novo Business

4.2
★★★★★

Finder score

Go to site Read review
APYN/A
Fee$0 per month
Minimum deposit to open$0
Novo is a fintech company; not a bank. Deposit account services provided by Middlesex Federal Savings, F.A., Member FDIC. Physical debit cards issued by Middlesex Federal Savings or Patriot Bank, N.A., Member FDIC; virtual cards issued by Patriot Bank, pursuant to licenses from Mastercard® International Incorporated. Mastercard can be used everywhere Mastercard is accepted. Mastercard is a registered trademark of Mastercard International Incorporated.

Best for multi-member LLCs

Relay

4.8
★★★★★

Finder score

Go to site Read review
APYUp to 3.00%
Fee$0 per month
Minimum deposit to open$0
Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank and Evolve Bank & Trust; Members FDIC.The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.

Best for ATM access

Axos Bank Basic Business Checking

4.5
★★★★★

Finder score

Open a business checking account by October 31 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.
APYN/A
Fee$0 per month
Minimum deposit to open$0

Best for wire transfers

Mercury

4.4
★★★★★

Finder score

Go to site Read review
APYN/A
Fee$0 per month
Minimum deposit to open$0

Best for free business checking

NBKC Business Checking

4.6
★★★★★

Finder score

Go to site
APYN/A
Fee$0 per month
Minimum deposit to open$0

Best for early access to payments

Lili

3.9
★★★★★

Finder score

30 day free trial for Lili Pro, Lili Smart, and Lili Premium
Go to site Read review
APY3.65%
FeeFrom $0 per month
Minimum deposit to open$0
Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC.

Best for rewards

Grasshopper Business Checking

4.5
★★★★★

Finder score

Go to site Read review
APYUp to 2.25%
Fee$0 per month
Minimum deposit to open$100

Best for property management

Baselane

4.6
★★★★★

Finder score

Up to 5% cash back on debit card spend
Go to site
on Baselane's secure site
Read review
APYUp to 4.19%
Fee$0 per month
Minimum deposit to open$0

Methodology: How we choose the best accounts

Finder’s banking experts research and compare 40 business bank accounts before narrowing down the best accounts for small businesses. The features that hold the most weight are the existence of software integrations such as Quickbooks or services that assist with tax filings, the number of free ATMs available in the provider’s network, and monthly fees. We also regularly update and revise our list to reflect the best options available in the current market.

We weigh these six factors when choosing the best accounts:

  • Has at least one software integration or comes with tax features
  • Free ATM access or offer ATM reimbursements
  • $0 in monthly maintenance fees
  • Opening deposits less than $100
  • Available in most states
  • No membership requirements

How to pick a top business account

There are a few things that every business owner should consider:

  • Fees. Compare monthly maintenance fees, overdraft fees and opening deposit requirements. Beyond these, look at fees attached to wire transfers and ATM withdrawals.
  • Interest. While not common, there are some interest-bearing business checking accounts. Though, they might come with a minimum balance requirement to start earning interest.
  • Rewards. If you plan on using your business debit card frequently, consider an account with a cashback rewards program for possible earnings.
  • Cash deposits. If you’re a cash-based business, you may want to consider a bank with physical branches to make cash deposits easier. For online-based businesses, cash deposits are usually not possible or come with a fee.
  • Software integrations. For taxes, expense reports, bank statements and more, having a bank with software integrations, such as Quickbooks or Xero, can make bookkeeping easier.

Compare business bank accounts

Narrow down top business bank accounts by fees, software integrations, APYs and more to find the best for your budget and financial goals. Select Compare for up to four products to see their benefits side by side.

Name Product USFSA-CHK Fee Annual Percentage Yield (APY) FDIC Insured Amount Software Integrations Account management Bank transfer fee Offer
North One Business Banking
Finder Score: 4 / 5: ★★★★★
North One Business Banking
From $0 per month
N/A
Up to $250,000
PayPal, Stripe, Square, Etsy, Airbnb, Amazon and more
Online, App, Phone
$0
Airwallex
Finder Score: 4.4 / 5: ★★★★★
Airwallex
$0 per month
N/A
Up to $250,000
Amazon, Quickbooks, Zapier, Shopify, Xero, Hubspot and more
Online, App, Phone
$0
Novo Business
Finder Score: 4.2 / 5: ★★★★★
Novo Business
$0 per month
N/A
Up to $250,000
Quickbooks, Stripe, Square, Xero, and more
Online, App, Phone
$0
Found
Finder Score: 4.5 / 5: ★★★★★
Found
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
Chase Business Complete Banking®
Finder Score: 3.8 / 5: ★★★★★
Bonus
Chase Business Complete Banking®
$15 per month
(can be waived)
N/A
Up to $250,00
N/A
Branch, Online, App, Phone
$0
Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
loading

How to open a business account for your small business

It doesn’t take long to open a business bank account — especially if you’re going with an online bank. Most small businesses will need to provide the following documents when opening an account:

  • Government-issued ID or valid driver’s license
  • Employer Identification Number (EIN), SSN or Taxpayer Identification Number
  • Business license
  • LLC operating agreement
  • Articles of organization and amendments

Can I use my own bank account for my small business?

While you can use your personal bank account to run your small business, it’s generally not recommended since it can affect liability and make business bookkeeping a pain. Having a dedicated business bank account for your business helps protect your personal assets and any other owner’s assets.

A business account for your small business can help you keep track of expenses, tax deductions or credits, and keep your income separate from your personal assets. This separation ensures clear financial organization and minimizes any potential challenges with the IRS in the future.

Also, a business bank account can make applying for business loans for an LLC easier. Business loan providers almost always require business bank statements for evaluation. Keeping personal and business accounts separate avoids complications and makes it easier to provide the necessary financial documentation, increasing your chances of securing business loans.

Holly Jennings's headshot
To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.
Bethany Hickey's headshot
Written by

Editor, Banking

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

Bethany's expertise
Bethany has written 425 Finder guides across topics including:
  • Personal finance
  • Banking
  • Auto loans
  • Insurance
  • Cryptocurrency and NFTs

More guides on Finder

Ask a question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site