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Best Business Checking Accounts – USA

Best Business Checking Accounts

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USA – February 2023
  • Top checking accounts for E-commerce, freelancers & small businesses.
  • All services are FDIC insured by US banking institutions.
  • Save money with low or no fees on transactions.
Last Updated February 2023
  • Low or no fees on all transactions
  • Perfect for small businesses
  • FDIC insured banks

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Business Banks Pricing Regulation Main Advantages Score Open an Account
Free plan More Info FDIC
  • 2.0% APY interest on eligible users’ balance
  • Quick & easy migration of existing bank accounts
  • Up to 5 sub-accounts with unique account no.
9.8

Payments

Account Types
  • USD
Card type
  • Business debit Mastercard
Domestic Transfers
  • Free ACH Transfers
  • Wire transfers
Incoming Wire Fee: 0$
Outgoing Wire Fee: 15$

Accounting Tools

  • green-check-mark Expense Management
  • green-check-mark Bookkeeping
  • green-check-mark Savings tools
  • green-check-mark Invoicing

Security Features

  • Deposits are FDIC insured to at least $250,000 through Coastal Community Bank.

Account Access

Based on 7,087 reviews
Free plan More Info FDIC
  • Free ACH and Wire transfers
  • Payments with Stripe are processed 95% faster
  • Easy Integration for a huge variety of 3rd-party apps
9.5

Payments

Card type
  • Business Mastercard
Domestic Transfers
  • Free ACH transfers
  • Wire Transfers
International Transfers
  • Via Wise (Transferwise)

Accounting Tools

  • green-check-mark Expense Management
  • green-check-mark Savings tools
  • green-check-mark Bookkeeping
  • green-check-mark Invoicing
  • green-check-mark integration with Slack, Xero, Stripe & more

Security Features

  • Deposits are insured up to $250,000 via Middlesex Federal Savings, Member FDIC

Account Access

Based on 1,619 reviews
Free plan More Info FDIC
  • 20 free checking accounts & 50 debit cards
  • Human-powered customer support
9.1

Payments

Account Types
  • USD
Domestic Transfers
  • Free ACH Bank Transfer
5$ fee for sending Wire transfer
International Transfers
  • Wire transfers
10$ fee for sending Wire transfer

Accounting Tools

  • green-check-mark Bill Pay
  • green-check-mark Accounts Payable Management
  • green-check-mark Budgeting across checking accounts
  • green-check-mark Secure collaboration with accountants
  • green-check-mark integration with QuickBooks, Xero, Gusto and more

Security Features

  • Deposits are FDIC insured to at least $250,000 through The Evolve Bank & Trust.

Account Access

Based on 658 reviews
$15 Per month More Info FDIC
  • Payment processing for all debit/credit cards
  • $2k min balance to waive monthly fee
8.8

Payments

Card type
  • VISA card
Domestic Transfers
  • ACH transfers: Outgoing: 25$+15¢ per payment
  • Wire Transfers: Incoming: 15$, Outgoing:25$/35$
International Transfers
  • Wire Transfers: Incoming: 15$, Outgoing:40$

Accounting Tools

  • green-check-mark Bill Pay
  • green-check-mark Payment processing

Security Features

  • Member FDIC

Account Access

Based on 852 reviews
$10 Per month More Info FDIC
  • Same Day ACH transfer
  • Envelope feature for automatic finance planning
8.5

Payments

Card type
  • Mastercard Business debit
Checks
  • Deposit checks from phone/web
  • Send a check via mail
Fee free
  • ACH | deposits | transfers | purchases

Accounting Tools

  • green-check-mark Accounting integration
  • green-check-mark Money management
  • green-check-mark Payment processing
  • green-check-mark Invoicing

Security Features

  • Supervised by The Bancorp Bank, Member FDIC
  • Funds insured to at least $250,000

Account Access

Based on 118 reviews
30$ Gift for Funded Account
Free plan More Info FDIC
  • Finance automation that connects to your checking account
  • Corporate card with unlimited 1.5% cashback
8.2

Payments

Card type
  • Visa Corporate Card

Accounting Tools

  • green-check-mark Expense Management
  • close-mark-black Savings tools
  • green-check-mark integrations

Security Features

Account Access

Based on 1,554 reviews
$10 Per month More Info FDIC
  • $5,000 min. daily balance to waive monthly fee
  • Domestic ATM fee reimbursements
7.9

Payments

Account Types
  • USD
Automated Payments
  • Direct debits
Domestic Transfers
  • First set of 50 checks free
International Transfers
  • Wire transfers

Accounting Tools

  • green-check-mark Expense Management
  • green-check-mark Savings tools
  • close-mark-black Bookkeeping
  • close-mark-black Invoicing
  • close-mark-black QuickBooks integration

Security Features

  • FDIC-insured financial institution
  • Fingerprints, voiceprints, and facial recognition

Account Access

Based on 33 reviews
Our top choice
1
  • 2.0% APY interest on eligible users’ balance
  • Quick & easy migration of existing bank accounts
More Info +
2
  • Payments with Stripe are processed 95% faster
  • Free ACH and Wire transfers
More Info +
3
  • No monthly fee and no minimum balance
  • Human-powered customer support
More Info +
4
  • Payment processing for all debit/credit cards
  • $2k min balance to waive monthly fee
More Info +
5
  • Same Day ACH transfer
  • Envelope feature for automatic finance planning
More Info +
Expanse management
6
  • Finance automation that connects to your checking account
  • Corporate card with unlimited 1.5% cashback
More Info +
7
  • Domestic ATM fee reimbursements
  • $5,000 min. daily balance to waive $10 monthly fee
More Info +

Why is it Important to Open a Business Bank Account?

Opening a dedicated bank account is an essential investment for small business owners who are looking to grow their firm. Not only does it provide a more organized system of tracking income and expenditure, but it also allows for a much more professional financial image and keeps personal and company funds separate.

Having such a resource in place is invaluable when it comes to understanding where the business stands financially while preventing any confusion between personal and professional money. This will ensure smoother operations over time and will aid in the continued success and growth of the business.

Why is it Important to Open a Business Bank Account?

Opening a dedicated bank account is an essential investment for small business owners who are looking to grow their firm. Not only does it provide a more organized system of tracking income and expenditure, but it also allows for a much more professional financial image and keeps personal and company funds separate.

Having such a resource in place is invaluable when it comes to understanding where the business stands financially while preventing any confusion between personal and professional money. This will ensure smoother operations over time and will aid in the continued success and growth of the business.

How Do I Compare & Choose the Best Bank account for My Business?

Accordeon button
Features Icon
Banking Features
At the core, check for payment options, local and international money transfer services, corporate cards, account types and currencies available as well as invoicing and bookkeeping tools.
Fees Icon
Fees
Look for accounts offering simple & clear-cut plans, minimal or no fees on transfers & payments and free withdrawal options.
Corporate card
All business accounts include corporate cards for you & your employees – either through MasterCard or Visa. Check how many cards are included for free in your chosen plan & how much each additional card will cost if required.
Security Icon
Security
The banks we compare & review on Top10BusinessBanks.com are regulated by local authorities. FDIC regulates deposit insurance to at least $250,000
Accounting Icon
Accounting tools
Look for built in expense reporting, scheduled/recurring payments & direct debits. Most banks also offer seamless integration with bookkeeping & accounting tools.
Access Icon
Account Access
Today, some banks offer account access 24 hours a day, 7 days a week. While the majority of providers offer access via both mobile and desktop/web apps, some business banks only offer one or the other so check you have the access you need when selecting your preferred bank.

How Do I Compare & Choose the Best Bank account for My Business?

Features Icon
Banking Features
Accordeon button
At the core, check for payment options, local and international money transfer services, corporate cards, account types and currencies available as well as invoicing and bookkeeping tools.
Fees Icon
Fees
Accordeon button
Look for accounts offering simple & clear-cut plans, minimal or no fees on transfers & payments and free withdrawal options.
Corporate card
Accordeon button
All business accounts include corporate cards for you & your employees – either through MasterCard or Visa. Check how many cards are included for free in your chosen plan & how much each additional card will cost if required.
Security Icon
Security
Accordeon button
The banks we compare & review on Top10BusinessBanks.com are regulated by local authorities. FDIC regulates deposit insurance to at least $250,000
Accounting Icon
Accounting tools
Accordeon button
Look for built in expense reporting, scheduled/recurring payments & direct debits. Most banks also offer seamless integration with bookkeeping & accounting tools.
Access Icon
Account Access
Accordeon button
Today, some banks offer account access 24 hours a day, 7 days a week. While the majority of providers offer access via both mobile and desktop/web apps, some business banks only offer one or the other so check you have the access you need when selecting your preferred bank.