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6 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.

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By

Bethany Hickey

Edited by

Holly Jennings

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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 six of the best accounts for e-commerce businesses and online sellers.

6 best banks for e-commerce businesses

Top banks for e-commerce businesses

Bluevine Business Checking

9 Excellent

You can earn $500 when you open a new Bluevine Business Checking account and meet eligibility requirements. Apply with referral code CA500. T&Cs apply.
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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, invoicing and payment processing 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.
APY Up to 3.30%
Fee From $0 per month

Novo Business

8.4 Great

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on Novo's secure site
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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 12 months as a new QuickBooks customer, or claim tons of other discounts from top providers. 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.
APY N/A
Fee $0 per month

Wise Business

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on Wise's secure site
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 tons of 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, CAD, 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 3.14% APY on your USD balance. However, there is a one-time setup fee of $31 to link an existing bank account, but your first Wise business card is free.
APY 3.14%
Fee $0. per month

PayPal Business

Unlimited 1% cash back on eligible purchases. T&Cs apply.
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on PayPal's secure site
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.
Fee $0 per month

Grasshopper Innovator Business Checking

9 Excellent

Earn unlimited 1% cash back on online and signature-based purchases with your free physical Visa debit card or instant-issue virtual cards. T&Cs apply.
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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 has no monthly or no overdraft fees. It features unlimited 1% cash back on eligible purchases with a minimum balance of $10,000 to qualify, 1.35% APY on balances between $25,000 and $250,000 and 1% APY on balances under $24,999.99. However, it has fewer software integrations than other options, supporting only Plaid and QuickBooks, and it doesn't accept cash deposits.
APY Up to 1.35%
Fee $0 per month

Found

9 Excellent

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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 $35 per month ($315 annually) to get 1.50% 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.
APY 2.50%
Fee From $0 per month

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. For more, see our guide on business bank account requirements.
  • 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.
  • 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, accounting software and other sites makes tracking much easier.
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Easy business accounting

Accounting software made for small businesses and sole traders.

  • Automated sales tax for all the states you're registered.
  • Dashboard for cash flow, including overdue invoices and outstanding bills.
  • Automated time and expense tracking.
  • Exclusive: Get 80% off Xero for 6 months. No promo code needed.

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

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To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.
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Banking editor
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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

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Bethany has written 477 Finder guides across topics including:
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