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7 best bank accounts for e-commerce businesses

Selling on Amazon, Etsy or Shopify? These business bank accounts offer software integrations and tools suited for online sellers.

If you’re a seller or dropshipper on Amazon, Shopify, eBay, Etsy or any other e-commerce platform, you’ll want a business bank account that can sync with popular apps, point-of-sales systems, and your preferred platform with ease. Other things to consider are transaction limits, rewards, APYs and, of course, affordable monthly maintenance fees. We’ve narrowed down seven of the best accounts for e-commerce businesses and online sellers.

7 best banks for e-commerce businesses

Bluevine Business Checking

4.5
★★★★★

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Bluevine is one of the best online accounts, featuring a free standard monthly plan, multiple software integrations, unlimited transactions, subaccounts, free ACH transfers, free incoming wires, accounts payables automation and an interest-bearing checking balance. Software integrations include Expensify, QuickBooks, Wave and Xero. Bluevine doesn't have any physical branches, but that's not necessarily a dealbreaker for e-commerce businesses that sell on online storefronts like Amazon and Etsy. Bluevine also accepts cash deposits at select Allpoint ATMs and Green Dot locations.

Found

4.5
★★★★★

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Got a self-employed e-commerce business? Check out Found. It offers specialized features useful for freelancers, including the ability to create invoices, track expenses and income, create basic reports and manage cash flow with custom pockets. A standout perk is the ability to calculate and save taxes in the Found savings account, and software integrations include Cash App and QuickBooks. To get more perks, upgrade to Found Plus for $19.99 per month to get 1.5% APY on balances up to $20,000, bookkeeping tools, pull key details from taking photos of receipts and more. Just know that Found is for single-person businesses, and it doesn't accept joint accounts or outgoing wires.
Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard®️ debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc. Found’s core features are free. Found also offers a paid product, Found Plus.

Novo Business

4.2
★★★★★

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With no monthly, incoming wire or foreign transaction fees, Novo is a top fee-free business account. Novo stands out for its various software integrations that can suit an e-commerce business well, and just a few include Amazon, Apple Pay, eBay, Etsy, PayPal, QuickBooks, Shopify, Stripe, Square, Venmo, WooCommerce and Xero. Connect those platforms to your Novo account for invoicing, and you can transfer seamlessly from your Novo dashboard. You also earn a 30% discount on your first six months as a new QuickBooks customer, and your first $5,000 in Stripe revenue is fee-free. Novo allows you to create up to 20 Reserve savings accounts, but the savings doesn't earn interest. You'll also have to be OK with only email support, and you can't send domestic wires.
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.

Grasshopper Business Checking

4.5
★★★★★

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If you plan to spend your profits from your e-commerce business and want to earn some interest on your balance, this might be the account for you. Grasshopper Business Checking is free to open and maintain and has no overdraft fees. It features unlimited 1% cash back on eligible purchases, 2.25% APY on balances between $25,000 and $250,000 and 1.51% APY on balances under $25,000. However, it has fewer software integrations than other options, supporting only Plaid and QuickBooks, and it doesn't accept cash deposits.

Revolut Business

4.7
★★★★★

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Offering no-fee plans for businesses and freelancers, Revolut is a fully loaded global business account. The no-fee Basic plan allows you to make your local account in USD, EUR or GBP. You'll also get invoice tracking, virtual cards, up to $1,000 in foreign interbank exchange allowances, accept 150 different currencies and get 24/7 support. Revolut can integrate with 29 different software applications, including Adobe Commerce, FreshBooks, Gusto, NetSuite, OpenCart, Pandle, QuickBooks, Shopify, WooCommerce and Xero, and link your account with your Amazon Seller account. Opting for a paid plan (Grow, Scale or Enterprise) offers more perks, like cashback rewards, higher interbank exchange allowances, bulk payments and metal debit cards. However, Revolut doesn't accept cash or check deposits.
The Revolut USA Prepaid Mastercard is issued by Metropolitan Commercial Bank pursuant to a license from Mastercard International and may be used everywhere Mastercard is accepted. Banking services are provided by Metropolitan Commercial Bank, Member FDIC, and are subject to the terms of a Cardholder Agreement. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank© 2014. Revolut Technologies Inc. is a technology services provider and administrator of the card program.

Wise Business

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If you're an online seller with global reach, the Wise Business account is worth checking out. Set up your local account to get paid like a 'local' in one of nine currencies, and it's free to receive AUD, EUR, GBP, USD and NZD. This borderless account has no monthly maintenance fees, and it features eight available software integrations, such as QuickBooks, Netsuite and Xero. Wise also connects to Amazon for fee-free withdrawals in multiple currencies, and Shopify sellers can use Wise if they set up an account in USD, GBP, EUR or AUD. Enjoy mid-market rates on currency exchanges, make international payments in over 70 currencies with no exchange rate markups and hold up to 40 currencies in your account. You also earn up to 4.85% APY on your USD balance. However, there is a one-time setup fee of $31 to link an existing bank account, and it costs $5 to get a debit card.

PayPal Business

Unlimited 1% cash back on eligible purchases. T&C apply.
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PayPal is well-known for its wide acceptance across many popular shopping sites. With over 200 million users across 190 countries, it's a preferred payment method for many customers. You can easily integrate your account with websites and carts, making it ideal for many e-commerce businesses. There are three plans, and the standard plan has no monthly fees. The PayPal Business Debit Mastercard also earns 1% cashback rewards on every transaction run as credit. On the downside, PayPal charges payment processing fees on your end, including a 3.49% plus $0.49 fee for PayPal Checkout, 2.29% plus $0.09 fee for QR payments and similar fee structures for other payment methods. There are also currency conversion fees based on the currency and a 1.5% commercial transaction fee. While there are a lot of fees to be aware of, PayPal clearly lists them all.

Methodology: How we choose the best online banks for e-commerce

Finder’s banking experts considered over 30 business bank accounts with no monthly fees before narrowing them to the best seven. We only considered accounts with banks and fintechs that offer plans for $0 per month, had no opening deposit requirements and had at least one software integration listed.

  • Has at least one software integration
  • $0 in monthly maintenance fees
  • Opening deposits of less than $100
  • Wide availability

How to choose a bank for your online business

Your exact needs depend on where you primarily sell. E-commerce sellers will likely need various software integrations and modern online banking tools. If you sell globally, a multicurrency account can save a ton in currency conversion fees.

  • Monthly fees. Quite a few business bank accounts have monthly maintenance fees, balance requirements or activity requirements. The accounts we choose — including Bluevine, Novo and Wise — charge no monthly fees to keep the account open.
  • Software integrations. As an online seller, you’ll likely manage most of your business online. Having a business account that integrates with bookkeeping software, payment processors and other sites makes tracking much easier.
  • Interest earnings. If your e-commerce business generates most of your income, your funds will probably sit in your business bank account. A few options, such as Bluevine, Found, Wise and Grasshopper, offer APY on your checking balance.
  • Cashback rewards. Who doesn’t like cash back? PayPal’s business account and Grasshopper cashback rewards on debit card purchases.
  • Accepts multiple currencies. If you sell globally, accepting multiple currencies without worrying about high currency conversion fees is a must-have. Wise and Revolut are great options for borderless business banking.
  • FDIC coverage. If you frequently hold over $250,000 in your business checking account, consider an account with expanded coverage. Most deposit accounts only cover up to $250,000, but some — like Bluevine — offer $3 million in FDIC insurance.

Bottom line

Starting a business is no small feat — separating your personal from your business funds is an important step for any business owner. Choosing the right business bank account for your e-commerce business is important. You’ll want something that integrates with services you already use, is affordable each month and offers tools to manage your business successfully.

For more options, compare the best free business checking accounts and savings accounts.

Frequently asked questions

Do I need a business bank account for e-commerce?

For business owners, online sellers and dropshippers, a business bank account is highly recommended to separate business and personal funds. A business account can be very helpful for tracking expenses, filing taxes and limiting liability.

How much does it cost to open a business bank account?

Some business bank accounts require an opening deposit, often around $25 to $100. However, there are also multiple business accounts without monthly fees or opening deposit requirements, like Bluevine, Novo and Grasshopper. Opening a business bank account is nearly the same as opening a personal bank account but requires your business’ information and your personal information.

How much does it cost to start an e-commerce business?

There’s no set amount to start a shop on Etsy or Shopify or start selling on Amazon, because the cost largely depends on what you’re selling. As a base, expect around $2,000 to $5,000 to get started. Small businesses with physical locations may cost anywhere from $10,000 to $20,000 to get off the ground, but that normally factors in licenses and permits, storefront, equipment and inventory.

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