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| Business Banks | Pricing | Card | Regulation | Main Advantages | Score | Open an Account |
|---|---|---|---|---|---|---|
1  | $15 Per month $2K min. balance More Info | Chase Debit Visa | FDIC |
| 9.8 | |
PaymentsCard type
Domestic Transfers
International Transfers
Accounting Tools
Security Features
Account Access | ||||||
2  | $10 Per month $2K min. balance More Info | PNC Visa Business Debit Card | FDIC |
| 9.5 | |
PaymentsAccount Types
Domestic Transfers
International Transfers
Accounting Tools
Security Features
Account Access | ||||||
3  | $15 Per month $2K min. balance More Info | Capital One Platinum Credit Card | FDIC |
| 9.1 | |
PaymentsAccount Types
International Transfers $15 for incoming International wires, $50 for outgoing international wires. Domestic Transfers $15 for incoming domestic wires, $25 for outgoing domestic wires. Accounting Tools
Security Features
Account Access | ||||||
4  | Free plan More Info | Bluevine Debit Mastercard | FDIC |
| 8.8 | |
PaymentsAccount Types
Card type
Domestic Transfers
Standard ACH fee: $0 Same-day ACH fee: $10 Incoming Wire Fee: 0$ Outgoing Wire Fee: 15$ Accounting Tools
Security Features
Account Access | ||||||
5  | Free plan More Info | Novo Debit Mastercard  | FDIC |
| 8.5 | |
PaymentsCash Deposits N/A Checks Send: unlimited free mailed checks Domestic Transfers Free incoming/outgoing ACH International Transfers Outgoing wire Via Wise (Transferwise) Payment Integrations Stripe, Square, Paypal, Wise, Woocommerce, Amazon, Ebay, Etsy, Shopify Accounting Tools
Security Features
Account Access | ||||||
6  | Free plan More Info | NBKC Debit Mastercard | FDIC |
| 8.2 | |
PaymentsCard type
Domestic Transfers
International Transfers
Accounting Tools
Security Features
Account Access | ||||||
7  | Free Plan More Info | Kabbage Debit Mastercard | FDIC |
| 7.9 | |
PaymentsAccount Types
Card type
Domestic Payments
International Payments
Accounting Tools
Security Features
Account Access | ||||||
8  | Free plan More Info | Relay Debit Mastercard | FDIC |
| 7.5 | |
PaymentsAccount Types
Domestic Transfers
5$ fee for sending Wire transfer International Transfers
10$ fee for sending Wire transfer Accounting Tools
Security Features
Account Access | ||||||
9  | Free plan More Info | Lili Debit Visa  | FDIC |
| 7.2 | |
PaymentsDomestic Transfers
International Transfers
Accounting Tools
Security Features
Account Access | ||||||
10  | $10 Per month More Info | NorthOne Debit Mastercard | FDIC |
| 7.0 | |
PaymentsCard type
Checks
Fee free
Accounting Tools
Security Features
Account Access 30$ Gift for Funded Account | ||||||
As a freelancer, sole trader, partnership, or corporation, it’s important to establish a separate financial identity for your business. A personal bank account isn’t geared towards business activity and does not intend to confer the same benefits as a business bank account.
Debtors, creditors and their banking institutions are much more comfortable dealing with business to business accounts for transactions processing purposes, taxes and invoices. A business bank account establishes credibility, professionalism, and trust. When payroll is needed, a business bank account is a must-have.
Tax reporting is significantly easier to manage with a business bank account. When a personal account is used for business activity, co-mingling of income and expenses takes place. This complicates matters. Besides, business bank accounts make it much easier for you to effectively control incomes and expenses with your business.
As a freelancer, sole trader, partnership, or corporation, it’s important to establish a separate financial identity for your business. A personal bank account isn’t geared towards business activity and does not intend to confer the same benefits as a business bank account.
Debtors, creditors and their banking institutions are much more comfortable dealing with business to business accounts for transactions processing purposes, taxes and invoices. A business bank account establishes credibility, professionalism, and trust. When payroll is needed, a business bank account is a must-have.
Tax reporting is significantly easier to manage with a business bank account. When a personal account is used for business activity, co-mingling of income and expenses takes place. This complicates matters. Besides, business bank accounts make it much easier for you to effectively control incomes and expenses with your business.
