In this guide

  • Our verdict
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure
Bluevine Business Checking
4.6
★★★★★
Finder score
On Bluevine's secure site
Fee
From $0 per month
APY
Up to 4.25%
Minimum deposit to open
$0

Our verdict

A digital business checking account with a high APY and up to $3 million in FDIC insurance.

Bluevine makes its mark as one of the highest-yielding business bank accounts. You’ll earn 2% to 4.25% APY on your balance, depending on your plan. Choose between three plan options: Bluevine Standard for $0/month, Bluevine Plus for a waivable $30/month, or Bluevine Premier for a waivable $95 monthly fee. The standard plan has no monthly fees, no overdraft fees, free domestic and incoming wires, 2% APY, free ACH transfers, automated accounts payable and more. The paid plans come with more perks including priority customer support, free checks and higher APYs. Bluevine also accepts cash deposits, and up to $3 million in FDIC insurance provided by its partner Coastal Community Bank and a network of program banks. But like most fintechs with banking services, you won’t have access to physical branches.

Best for: Small businesses that want an interest-bearing checking account.

Pros

  • Earn up to 4.25% APY, depending on the plan
  • for standard or waivable fee on other plans
  • High $3 million FDIC insurance
  • Unlimited transactions and accepts cash deposits

Cons

  • No physical branches
  • APY requires balance or transaction requirements
  • No in-house accounting software

In this guide

  • Our verdict
  • Your reviews
  • Ask a question

Who is Bluevine best for?

Bluevine is best for businesses looking for an interest-bearing checking account. The free standard plan is one of the best business checking accounts and offers one of the highest APYs out there. Its free plan offers 2% APY — leagues higher than the 0.08%(1) national average rate for interest checking. However, to earn interest, you’ll need to make at least $500 in debit or credit card transactions each month, or receive $2,500 in customer payments a month.

The paid plans can offer higher interest rates, up to 4.25% APY, with no transaction or balance requirements. But you’ll pay $30 or $95 per month, unless you can waive the monthly fee.

Bluevine plans and cost

One of the major perks with Bluevine is that you don’t have to pay for it if you don’t want to, thanks to the free Standard plan.

PlansMonthly FeeAPYFeatures
Standard$0Up to 2% APY
  • Account payables automation
  • Up to 5 subaccounts
  • Unlimited transactions
  • Mobile check deposit
  • Team delegation and controls
  • Free incoming domestic
  • Free standard ACH transfers
  • $10 for same-day ACH
  • $15 outgoing domestic wires
  • International wires $25 + 1.5%
Plus$30(waivable)3% APYEverything with Standard, and:
  • 3% APY on balances up to $250,000
  • 20% off most standard payment fees
  • 5 free checks each month
  • $8 for same-day ACH
  • $12 outgoing domestic wires
  • International wires $20 USD
Premier$95(waivable)4.25% APYEverything with Plus, and:
  • 4.25% APY on up to $3,000,000
  • $5 for same-day ACH transfers
  • $7.50 for outgoing domestic wires
  • Access to treasury services
  • International wires $12.50 USD
  • Priority customer support

What we like about Bluevine

Bluevine’s main stake in the field of business checking accounts is that it’s one of the few to earn high-yielding interest. Paired with minimal bank fees and no limits on how many transactions you make, this business account packs in more perks than usual.

In addition, Bluevine has high FDIC insurance, up to $3 million which is provided by its partner bank, Coastal Community Bank and a network of program banks. Most banks only offer up to $250,000 per account holder.

With the Standard plan, you can enjoy no monthly fees, no opening deposit requirement, no overdraft fees and free ACH transfers. In addition, as long as you keep a balance of some kind, you’ll also get 200 free checks. Most online-only accounts don’t provide checkwriting at all.

High APYs

Bluevine’s Standard plan earns 2% APY on funds in your main account or subaccounts, up to $250,000. If you max out the account, your total earnings can amount to over $2,000 yearly.

While you must spend $500 or earn $2,500 a month to accrue interest, compared to other interest-bearing checking accounts, this isn’t strict. Most high-yield checking accounts require you to jump through several hoops, which may even include opening up other types of accounts before you start earning interest.

Other business accounts don’t pack the same punch, such as Chase’s 0.01% APY on its interest-bearing business accounts. One of Bluevine’s top competitors, Novo, doesn’t earn interest at all on checking.

You can maximize your earning potential by opting for the $95 paid Premier plan, which offers up to 4.25% APY with no balance or transaction requirements. That APY is over 60 times higher than the national average for interest-bearing checking accounts.

Unlimited transactions

Bluevine doesn’t set limits on how many transactions you can make, whereas some business checking accounts do. For example, Wells Fargo gives 100 to 250 free transactions before it charges $0.50 per transaction, depending on your business account.

While incoming ACH transfers and wires have no fees, Bluevine doesn’t have tools for invoices or payment processing, although these features are hit-and-miss with other digital bank accounts.

Bluevine can also do international transactions, and payments can be received as soon as 24 hours. You can send payments to 32 countries in 14 currencies. There’s a flat $25 fee for international payments, and if you send the payment in a non-US currency, Bluevine charges an additional 1.5% of your payment amount. Also, if you frequently make international transactions that are more than $25,000 per month, Bluevine states you may be eligible for lower fees.

Software integrations

Bluevine lacks its own in-house account software, but it makes up for it by letting you connect with popular business services like Quickbooks so that you can see your cash flow and approve transactions directly from Bluevine’s dashboard. It connects to:

  • Cash App
  • Expensify
  • Quickbooks
  • Square
  • Wave
  • Wise
  • Venmo
  • Xero

Many digital business accounts offer software integrations for payment and accounting apps so you can continue using your existing software. But if you’re looking for a business account with built-in accounting features, look at other accounts like Found or Lili.

Where Bluevine falls short

Bluevine’s biggest downfall is that it charges a 2.9% transaction fee to pay bills with your credit card, a huge con if using your card lands you rewards. Pay with a bank transfer or check to avoid any fees for paying bills.

Also, while Bluevine allows cash deposits, you have to use the Green Dot store network, and individual stores charge up to $4.95 for each deposit. This fee is common for digital banks that allow cash deposits.

Compare Bluevine Business Checking with other checking accounts

Bluevine Business Checking logo

Bluevine Business Checking

★★★★★

Finder rating 4.6 / 5

Go to site


Fee

$0


Annual Percentage Yield (APY)

4.25% on balances of $0 to $3,000,000
3.00% on balances of $0 to $250,000
2.00% on balances of $0 to $250,000


Minimum deposit to open

$0

SoFi Checking and Savings logo

SoFi Checking and Savings

★★★★★

Finder rating 4.5 / 5

Go to site


Fee

$0


Annual Percentage Yield (APY)

4.60% on balances of $0+
0.50% on balances of $0+
1.20% on balances of $0+


Minimum deposit to open

$0

Upgrade Rewards Checking Plus logo

Upgrade Rewards Checking Plus

★★★★★

Finder rating 4.3 / 5

Go to site


Fee

$0


Annual Percentage Yield (APY)

N/A


Minimum deposit to open

$0

How to open a Bluevine Business Checking account

It takes a few minutes to open an account directly through Bluevine‘s site by entering basic information about you and your business.

Required information

Along with personal details like your address and Social Security number, and you’ll need this information about your business when signing up.

  • Business name, address and phone number
  • Employer identification number
  • Industry and entity type
  • Annual revenue
  • Percentage of ownership in the business

Customer experience

Bluevine Business Checking is highly rated by thousands of customers across its app and user sites like Trustpilot and Reddit, although many positive reviews are about its business line of credit. For the checking account, happy customers like its user-friendly app, few fees and Quickbooks integration.

However, multiple people say that Bluevine‘s mobile deposits are finicky and checks can take a few days to a week to clear. The biggest complaints come from a few Redditors who were denied refunds for fraudulent charges, which cost them thousands of dollars. Keep in mind that people tend to leave reviews when they’ve had an overly positive or negative experience with a company.

To get in touch with customer support:

How long will it take to get my card?

Once your account is approved, you instantly get a virtual debit card to use online and through ApplePay or GooglePay. Your physical debit card arrives 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

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.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Bethany Finder

Writer, Banking and Loans

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.

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

Go to site