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Best Business Checking Accounts of 2025

The best business bank accounts let you track your business expenses and manage your accounting.

Cassidy Horton's headshot
Bethany Hickey's headshot

By

Cassidy Horton

&

Bethany Hickey

Edited by

Alexa Serrano Cruz

Updated

Fact checked

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The best business checking accounts offer no monthly fees and free transactions while giving tools to help you keep track of expenses, accounting and tax needs. Over the last few years, digital banks have risen to take the crown when it comes to high interest rates, few fees and additional business features. But if you’re primarily a cash-run business, brick-and-mortar banks still have their place. Peruse through the best business bank accounts to find the right one that gives you a clear view of your business’ cash flow.

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.

10 best business checking accounts

Best overall

Bluevine Business Checking

9 Excellent

Top Offer

You can earn $300 when you open a new Bluevine Business Checking account and meet eligibility requirements. Apply with referral code CA300.
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With an attractive rate of up to 1.5% APY and no monthly fee, no opening deposit requirement and unlimited transactions, Bluevine's free Standard plan lands as our best overall business checking account. To earn its 1.5% APY, you'll need to spend $500 or earn $2,500 each month. For an even higher APY, you can opt for one of the paid plans Plus or Premier for a 2.7% to 3.7% APY with no activity requirements. Plus is $30 per month and Premier is $95 per month, but you can waive the fee by meeting balance or transaction requirements. In addition, Bluevine sports very high FDIC insurance up to $3 million thanks to its partner bank Coastal Community Bank and a network of program banks. It's partnered with Allpoint and Green Dot for cash deposits, and MoneyPass ATMs for fee-free cash withdrawls, but you'll pay fees for cash deposits.
APYUp to 3.70%
FeeFrom $0 per month
Minimum deposit to open$0

Best for freelancers

Found

9 Excellent

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on Found's secure site
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Found is designed to serve freelancers and self-employed people. It comes standard with no monthly fees or balance requirements. It offers some great 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. You can also upgrade to Found Plus for $19.99 a month or $149.99 per year to get extras, such as 1.50% APY on balances up to $20,000 and custom expense categories.
APY1.50%
FeeFrom $0 per month
Minimum deposit to open$0

Best for free business checking

NBKC Business Checking

9.2 Excellent

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NBKC bank states its favorite number is zero, and its business checking account takes the win for best free business checking. There's no monthly fee and you only need $0 to open the account. There are also no fees for returned electronic or paper items, free e-statements, no charges for stop payments and it's free to deposit checks at a branch or online. If you're receiving a wire transfer in the US, that's also free. But there are only physical branches in the Kansas City area, so if you prefer in-person banking, this may not be the bank for you. And if you frequently do wire transfers, there are two fees to watch out for: $5 for domestic and $45 for international wire transfers.
APYN/A
Fee$0 per month
Minimum deposit to open$0

Best for free domestic wire transfers

Mercury

8.8 Great

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The Mercury Business checking account is designed for startups that are comfortable managing everything online. There's no monthly fee, no fees for overdrafts or sending and receiving ACH transfers, and it comes with free domestic wire transfers and free outgoing international wires in USD. This is quite generous as many business checking accounts at least charge international wire transfers. Mercury also comes with a few other perks, including remote check deposit and an option to open Mercury Treasury, an automated cash management account that automatically invests extra cash into mutual funds. On the downside, you won't be able to make cash deposits and you won't earn APY on checking or savings.
APYN/A
Fee$0 per month
Minimum deposit to open$0

Best for accountants and bookkeepers

Novo Business

8.4 Great

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Novo carries no monthly fees and has no minimum deposit requirement to open. Plus, there's no ATM fees, foreign transaction fees, incoming wire fees, or debit card replacement fees. But what makes it really shine is the number of software integrations supported. You can connect Novo to Quickbooks, Stripe, Square, Xero and more. This makes Novo an ideal choice for accountants, e-commerce and small businesses like restaurants or hair stylists that want to keep their business finances and information all in one place.
APYN/A
Fee$0 per month
Minimum deposit to open$0

Best for team access

Relay

9.6 Excellent

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Relay is a flexible business checking account with a baseline of no minimum opening deposit and no monthly, foreign transaction or ATM fees. But the real draw is that businesses can create up to 20 checking accounts and customize them as needed, whether as a way to categorize finances or assign accounts to specific teams for their own needs. You assign up to 50 debit cards to employees, while maintaining control over daily spending and ATM withdrawals. You can open up to two savings accounts, and earn up 1.75% to 3.76% APY, depending on your balance - but you need at least $50,000 to get the best rate.
APYUp to 3.76%
Fee$0 per month
Minimum deposit to open$0

Best for signup bonus

Chase Business Complete Banking®

7.6 Great

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.
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on Chase's secure site
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The Chase Business Complete Banking® account keeps things simple. It offers free same-day deposits, unlimited transactions, free same-day deposits and an integrated system that allows for banking and payment processing from the same account. It's also one of the few business checking accounts on the market to offer a signup bonus: new customers earn a $300 or $500 bonus when they meet certain balance and transaction requirements.
Fee$15 per month
Minimum deposit to open$0

Best for Square sellers

Square

6.8 Standard

Top Offer

When you use your Square Card at any other Square seller, you get 2.75% off your purchase.
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Square's popular point of sale software naturally works well with the optional Square checking account and debit card. Using the checking account eliminates the need for bank transfers for your business and there are no service fees, overdraft fees or ATM fees charged by overdrafts associated with the account or debit card. If you prefer using Square with your business and want a frictionless banking experience, Square checking is your best bet.
Fee$0 per month
Minimum deposit to open$0

Best for rewards

Grasshopper Innovator Business Checking

9 Excellent

Top Offer

Earn unlimited 1% cash back on online and signature-based purchases with your free physical Visa debit card or instant-issue virtual cards.
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Grasshopper is a free business checking account that offers 1% cash back on eligible purchases and a 1.8% APY on balances between $25,000 and $250,000. Balances under $24,999.99 earn 1% APY. Most competitors lack both of these features altogether, and Grasshopper continues to add value with no monthly fees or overdraft charges and built-in bookkeeping software. While its main competitor, Oxygen, has a higher cash back rate, Grasshopper has a much higher APY. But to qualify for cash back, you must maintain an average balance of $10,000 and have an account in good standing
APYUp to 1.80%
Fee$0 per month
Minimum deposit to open$100

Best for cash deposits

Axos Bank Basic Business Checking

9 Excellent

Top Offer

Open a business checking account by September 30 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.
Axos Bank's Basic Business Checking account is largely free: you will pay no monthly maintenance fee and there is no minimum opening deposit. Axos also offers unlimited domestic ATM fee reimbursements, while competitors tend to cap such reimbursements. This, along with hardy access to 91,000 ATMs, is why this Axos business account makes the cut as the best choice for cash deposits.
APYN/A
Fee$0 per month
Minimum deposit to open$0

Methodology: How we choose the best accounts

Finder’s banking experts research and analyze over 41 business checking accounts to find the best ones that offer perks and features helpful to businesses, such as software integrations, tax tools, interest, transaction limits and ATM access. We weigh these features against the account’s fees and opening deposit requirements.

We also consider the following factors when choosing the best list:

  • Up to $15 monthly fees as long as there’s an easy way to avoid the fee such as
    • Balance requirements of no more than $2,000
  • Up to $100 minimum opening deposits
  • For interest-bearing business checking accounts, the APY must occur on high balances and at least $2,500 a month in deposit requirements

Compare more business checking accounts

Select the Compare box on up to four accounts to see their features side-by-side.

5 of 31
Product Finder Score Fee Minimum deposit to open Annual Percentage Yield (APY) Bonus Offer
Finder score
8.8 Great
$0 per month
$0
N/A
Go to site More info
Compare product selection
Finder score
9 Excellent
From $0 per month
$0
1.50% on balances of $0 to $20,000
Go to site More info
Compare product selection
Finder score
9.2 Excellent
$0 per month
$0
N/A
Go to site More info
Compare product selection
Relay Financial logo
Finder score
9.6 Excellent
Relay
Finder score
9.6 Excellent
$0 per month
$0
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
Go to site More info
Compare product selection
Brex logo
Finder score
9.2 Excellent
Brex Cash account
Finder score
9.2 Excellent
$0 per month
$0
3.96%
Go to site More info
Compare product selection
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What is the Finder Score?

The Finder Score crunches over 300 checking accounts from hundreds of financial institutions. It takes into account the product's monthly fees, overdraft fees, opening deposit, customer support options, ATM network and features — this gives you a simple score out of 10.

To provide a Score, Finder’s banking experts analyze hundreds of checking accounts against what we consider is the best option: no monthly fees, no overdraft fees, a large ATM network of 50,000 or more, additional features outside of typical banking services, and the optional perk of earning interest. Accounts that are nearly free to maintain and use are scored the highest, while accounts with costly fees and few features are scored the lowest.

Read the full Finder Score breakdown

How to choose a business checking account for your needs

Keep these factors in mind when shopping around for a business checking account:

  • Monthly fee. Most business checking accounts have monthly maintenance fees that are only waived if you meet certain deposit or transaction requirements each month.
  • Opening deposit. Some small business checking accounts require significant initial deposits, while others don’t require any deposit at all.
  • Interest. While rare, some business accounts offer interest on your funds. This is a great incentive for your funds, though checking APYs still can’t match up to what you’ll earn with a savings account.
  • Account integrations. If you have employees, choose an account that works seamlessly with your payroll system. And if you plan to make itemized deductions on your taxes, your account’s system for reporting transactions can have a big impact on how easy that is.
  • Transaction limits. Some accounts let you make an unlimited amount of deposits, withdrawals and transfers. While others limit how many business transactions you can do in a month and charge you a fee if you go over. Look for an account that supports the number of transactions you typically make.
  • Employee access. Banks typically limit the total number of employee cards or employee access they’ll grant per account. But if you only need a business account for yourself, consider a dedicated self-employed checking account.
  • Cash deposits. Most online banks don’t allow for cash deposits. If this is a concern to your business, you’ll want to look at accounts offered by brick-and-mortar banks.
  • Signup bonus. Though rare, some business checking accounts come with signup bonuses. But make sure the account itself is solid as well, as you’ll be stuck with it after the signup bonus is completed.

Do I need a business checking account?

Any business owner, whether large, small, or independently owned, should have a business checking account. With a dedicated business account, you’ll benefit from these perks:

  • Send ACH transfers and wire transfers
  • Process debit card payments
  • Business transactions
  • Access payroll or accounting software integrations

Can I use my personal checking account for my business?

Yes, but you shouldn’t. It’s best to separate your personal expenses from your business expenses for tax purposes. This protects you from personal liability for costs and debts if your business closes.

3 most common business checking account fees

There are a few fees that are common across most business checking accounts. The most common include:

FeeWhat it isHow to avoid it
Monthly maintenance fee
Charged by the bank each month for maintaining your account.
Look for a business account with no monthly fees or fees that are easily avoidable when you meet certain deposit or transaction requirements.
Cash handling
You have a set amount of cash you can deposit for free each month. Go over this limit, and your bank may charge you a fee of around 30 cents for every $100 you deposit.
Calculate how much cash you bring in each month and find an account that matches this limit.
Excess transaction
There’s a limit to how many paid checks, ATM deposits and electronic transfers you can make each month. Go over this limit, and you’ll pay a fee of around 40 cents for each additional transaction.
Choose an account that matches the number of transactions you typically make. Or, look for an account with unlimited transactions.

Are there free business checking accounts?

Yes. Most of the business checking accounts on our best list are free to open and use, with some such as NBKC offering even fewer fees than average, like on foreign transaction and overdraft fees. Most free business checking accounts come from online banks.

What you need to open a business checking account

Depending on the type of business you operate, different financial institutions may require different documents when opening your checking account. However, most will require the following:

  • Name and address of business
  • Business tax ID number
  • Date business was established
  • Country and state of legal formation
  • Country and state of business operation
  • Personal information, such as SSN or date of birth for everyone on the application

How to open open a business checking account with bad credit

Unless you’re opening a line of credit or loan, you shouldn’t have issues opening up a business checking account. This is because banks ultimately check your ChexSystems report to look at past banking history and determine if you’re eligible to open a checking account. Banks use this report to make sure you don’t have a negative banking history that reflects habits like involuntary account closures, past overdrafts and bounced checks. Your credit is taken into account, but it matters more for other types of accounts and riskier businesses such as sole proprietors.

What to do if you’re denied

If you’re denied a business checking account, you can look at second-chance business accounts that have less strict criteria for opening a business bank account. Bear in mind they usually come with fees and may not offer features like overdraft protection.

Where should I open my business checking account?

There are three options to choose from: Online banks, brick-and-mortar banks or credit unions. Here’s how they compare:

Type of bankWho it’s best forMajor features
Digital bank
Businesses that prefer higher APYs, fewer fees and prefer managing their account online
  • Highest potential APY among banks
  • Few fees
  • Integration tools
  • Payment app/processor support
Brick-and-mortar bank
Businesses that prefer in-person customer support, depositing cash regularly, or prefer an established major bank
  • Easy cash deposits
  • Physical locations
Credit union
Businesses that want lower fees and better interest rates than brick-and-mortar banks, but don’t want a digital bank
  • Lower interest rates and fewer fees than brick-an- mortar banks
  • Good customer service
  • Physical locations

4 additional accounts to support your business needs

Business banks accounts can help you manage your company’s finances, but there are other options. Aside from a bank account, your business may also benefit from:

  1. Business savings accounts. Opening a savings account for your business helps you build up cash reserves so you have money for unexpected expenses, a rainy day or a cash infusion when you’re ready to expand your offerings.
  2. Business credit cards. Opening a strong business credit card that’s linked to an account that is intended primarily for business expenses can be valuable instrument in managing your cash flow. If used strategically, these cards can be good tools to earn interest by putting your money in a savings or cash management account during the interest-free period of your credit card. It’s also good to note that these cards can earn points.
  3. Business loans. If your business plans to expand in the future, you may be able to get a better deal by using a bank you already have a business account with. Keep in mind that many financial institutions won’t lend to business owners who don’t have a dedicated business account. If you don’t plan to use the same bank, check out these top business loans.
  4. Cash management accounts. Similar to checking accounts, some cash management accounts (CMAs), such as Brex Cash, have higher APYs with fewer fees. The downside is that CMAs are less convenient than business bank accounts, and they’re not always FDIC insured.
Alexa Serrano Cruz's headshot
To make sure you get accurate and helpful information, this guide has been edited by Alexa Serrano Cruz as part of our fact-checking process.
Cassidy Horton's headshot
Written by

Writer

Cassidy Horton is a freelance personal finance copywriter and past contributing writer for Finder. Her writing and banking expertise have been featured in Forbes Advisor, Money, The Balance, Money Under 30, Insure.com, and other top digital publishers. She holds a BS in public relations and an MBA from Georgia Southern University. See full bio

Bethany Hickey's headshot
Co-written by

Banking editor

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 463 Finder guides across topics including:
  • Personal finance
  • Banking
  • Auto loans
  • Insurance
  • Cryptocurrency and NFTs
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4 Responses

    Default Gravatar
    cycollum@gmail.comAugust 12, 2019

    Do you offer business lines of credit for non profits?

      Default GravatarFinder
      fayemanuelAugust 13, 2019Finder

      Hi,

      Thanks for contacting Finder.

      As we are a comparison website, we do not offer any loans. However, you can use our comparison page to see and compare your options on loans for nonprofit organizations to help you find a lender that might work for you.

      Before applying, please ensure that you meet all the eligibility criteria and read through the Product Disclosure Statements/Terms and Conditions before making a decision on whether it is right for you.

      I hope this helps.

      Kind Regards,
      Faye

    Default Gravatar
    KellyApril 8, 2018

    for a credit card application suggested by finder, is it applicable to all citizens? like me who are in indonesia?

      Default Gravatar
      joelmarceloApril 8, 2018

      Hi Kelly,

      Thanks for leaving a question on finder.

      As of now, we only cater to customers in the US, UK, Australia, New Zealand and Canada. You can check out your local credit card companies in Indonesia to apply. I’m sorry I wasn’t of help.

      Cheers,
      Joel

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