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Best Business Checking Accounts – USA

Best Business Checking Accounts

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USA – September 2023
  • Suitable for: small businesses, freelancers & self-employed.
  • Offerings are backed by regulated financial institutions, deposits are FDIC insured.
  • Compare fees to save money, compare features to save time.
Last Updated April 2023
  • All accounts are FDIC insured.
  • Compare fees to save costs.
  • Suitable for SMBs, freelancers & self-employed.

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Business Banks Pricing Card Regulation Main Advantages Score Open an Account
Free plan More Info Bluevine Debit Mastercard FDIC
  • 2.0% APY on positive balance up to $250k for eligible customers
  • Quick & easy migration of existing accounts
  • Business loans are available up to $250k
9.5

Payments

Domestic Transfers

Free ACH Transfers
Wire transfers

Standard ACH fee: $0
Same-day ACH fee: $10
Incoming Wire Fee: $0
Outgoing Wire Fee: $15
International Transfers

Transfers to 32 countries outside the U.S in 15 currencies

Outgoing transfer fee (USD): $25
foreign transfer fee: $25 + 1.5% on base payment amount
Card

Business debit Mastercard

Cash

Deposits and withdrawals available at 90,000+ Green Dot ATMs

Checks

Recieve: Check scanner.
Send: 2 free checkbooks.

After 2 checkbooks – $18.22 per checkbook, plus taxes and shipping.
Checking

Accounting Tools

  • green-check-mark Bill pay
  • green-check-mark Free unlimited invoicing
  • green-check-mark Expense Management
  • green-check-mark Payment approvals

Security Features

  • Deposits up to $3,000,000 are insured by Coastal Community Bank; Member FDIC and their program banks.

Account Access

Based on 7,228 reviews
Free plan More Info Relay Debit Visa FDIC
  • Best-in-class accounting integrations
  • Open multiple individual business accounts
  • 24/7 support from knowledgeable specialists
9.1

Payments

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

Relay Debit Visa

Cash

Deposits available at 55,000+ AllPoint ATMs.
Withdrawls are fee-free on any ATM

Check

Recieve: Check scanner
Send: Mailed for you on-demand.

 

Accounting Tools

  • green-check-mark Billpay
  • green-check-mark Savings account
  • close-mark-black APY on checking positive balance
  • close-mark-black Free unlimited invoicing
  • green-check-mark Expanse management
  • green-check-mark integration with QuickBooks, Xero, Gusto, Yodlee and more

Security Features

  • Deposits up to $2,500,000 are insured by the Evolve Bank & Trust and Thread Bank; Members FDIC.
  • Secure collaboration with accountants

Account Access

Based on 1,060 reviews
$15 / $30 / $95
According to plan More Info
Chase Debit Visa FDIC
  • Fee-free ATMs at 15,000 locations
  • Same-day cash deposits at no additional cost
8.8

Payments

Minimum Balance
  • $2k min. balance
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

  • close-mark-black Accounting integration
  • green-check-mark Bill Pay
  • green-check-mark Payment processing
  • close-mark-black Invoicing

Security Features

  • Deposits up to $250k are insured by Chase Bank; Member FDIC

Account Access

Based on 1,311 reviews
Free Plan More Info Found Debit Mastercard FDIC
  • Automatic expense tracking for self-employed
  • Built-in tax calculator and tax-saving tools
8.5

Payments

Domestic Transfers
  • Unlimited free ACH transfers
  • Incoming Wire transfers only
International Transfers

N/A

Card

Business debit Mastercard

Cash

Deposit and withdrawal available at 79,000 locations

Checks

Check scanner

Accounting Tools

  • green-check-mark Unlimited free invoicing
  • green-check-mark Expense tracking
  • green-check-mark Tax estimation and saving tool
  • green-check-mark integration with Stripe, Square, PayPal & more

Security Features

  • Deposits up to $250k are insured by Piermont Bank; Member FDIC

Account Access

Based on 238 reviews
$10 Per month More Info NorthOne Debit Mastercard FDIC
  • Same Day ACH transfer
  • Cash Deposit at 300,000 fee-free ATMs
8.2

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

  • Deposits up to $250k are insured by Bancorp Bank; Member FDIC

Account Access

Based on 118 reviews
$30 Gift for Funded Account
$10 Per month
$5k min. balance More Info
Axos Debit Visa FDIC
  • Unlimited domestic ATM fee reimbursements
  • Eligible customers earn 1.01% APY up to $50k
7.9

Payments

Cash Deposits
  • N/A
Minimum opening deposit
  • $100
Domestic Transfers
  • Free ACH transfers
  • $15 for outgoing wire transfers
International Transfers
  • $50 for outgoing international wire transfer

Accounting Tools

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

Security Features

  • Deposits up to $250k are insured by Axos Bank; Member FDIC

Account Access

Based on 119 reviews
Our top choice
1
More Info +
2
  • 2.0% APY interest on eligible users’ balance
  • Quick & easy migration of existing bank accounts
More Info + Free Plan
3
  • Open multiple individual business accounts
  • Best-in-class accounting integrations
More Info + Free Plan
4
  • Fee-free Chase ATMs at 15,000 locations
  • Same-day cash deposits at no additional cost
More Info + $15/$30/$95 month
Best for sole proprietors
5
  • Automatic expense tracking for self-employed
  • Built-in tax calculator and tax-saving tools
More Info + Free Plan
6
  • Same Day ACH transfer
  • Cash Deposit at 300,000 fee-free ATMs
More Info + $10/month
7
  • Domestic ATM fee reimbursements
  • Eligible customers earn 1.01% APY up to $50k
More Info + $10/month

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?

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.