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Best Business Checking Accounts – USA

Best Business Checking Accounts

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USA – June 2024
  • Top checking accounts for small businesses, E-commerce & freelancers.
  • All services are FDIC insured by US banking institutions.
  • Save money with low or no fees on transactions.
Last Updated June 2024
  • Low or no fees on all transactions
  • Perfect for small businesses
  • FDIC insured banks

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Top10BusinessBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end.

Please note:

  • All the information displayed in this site is completely subjective. Moreover, we have broad editorial discretion as to the content we publish on the site and due to various reasons, the information you see may be incomplete and/or inaccurate. Please don’t hesitate to double-check the information we provide. It’s okay, we won’t be offended – on the contrary, we would love to hear your feedback!
  • We’re able to offer this completely free-of-charge online resource thanks to the referral fees we receive from our partners (some of the companies listed on this site). While this may affect the location of these companies and the content we feature on the site, it’s not possible to purchase a favorable review or a position on this site.
Business Banks Pricing Card Regulation Main Advantages Score Open an Account
$15 / $30 / $95
monthly fee More info
Chase Debit Visa FDIC
  • Fee-free ATMs at 15,000 locations
  • Same-day cash deposits at no additional cost
9.8

Payments

Minimum Balance

$2k min. balance

Domestic Transfers

ACH transfers: Outgoing: $25 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

$15 Per month
$2K min. balance More info
Capital One Platinum Credit Card FDIC
  • Access to over 70,000 fee-free in-network ATMs across the U.S
  • Unlimited transactions
9.5

Payments

Account Types
  • USD
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

  • green-check-mark Expense Management
  • close-mark-black Bookkeeping
  • close-mark-black Invoicing

Security Features

  • Deposits are FDIC insured to at least $250,000

Account Access

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
9.1

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 91,500+ 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

Free plan More info Novo Debit Mastercard FDIC
  • Integration with 50+ automation tools
  • Free & unlimited invoicing automation
8.8

Payments

Card Type
  • Business Mastercard
Domestic Transfers

Free incoming/outgoing ACH
Free incoming wire

International Transfers

Outgoing wire 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 Xero, Quickbooks & Zapier

Security Features

  • Deposits up to $250k are insured by Middlesex Federal Savings; Member FDIC

Account Access

Free plan More info Relay Debit Visa FDIC
  • Best-in-class accounting integrations
  • Open multiple individual business accounts
8.5

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 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

$10 Per month
$2K min. balance More info
PNC Visa Business Debit Card FDIC
  • $2,000 minimum balance to waive monthly fee
  • Up to 150 fee-free transactions per month
8.2

Payments

Account Types
  • USD
Domestic Transfers
  • incoming : $15 fee
  • outgoing: $30 fee
International Transfers
  • incoming: $15 fee
  • outgoing: $45 fee

Accounting Tools

  • green-check-mark Bill Pay
  • green-check-mark integration with Quickbooks for $15 per month

Security Features

  • Deposits are FDIC insured to at least $250,000by PNC bank.

Account Access

Free plan More info Found Debit Mastercard FDIC
  • Automatic expense tracking for self-employed
  • Built-in tax calculator and tax-saving tools
7.9

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

$0 / $20 / $30
monthly fee More info
US bank Debit Visa FDIC
  • Available online and in over 2000 branches
  • Member FDIC
7.5

Payments

Transfers
  • 125 transactions available for free
  • $1 precessing fee for ACH transfers
$0.50 on any additional transfer
Domestic wire transfers
  • Incoming $14 fee
  • Outgoing $40 fee
International wire transfers
  • Incoming $16 fee
  • Outgoing $75 fee

Accounting Tools

  • green-check-mark Billpay
  • green-check-mark Cash deposit
  • green-check-mark Savings
  • green-check-mark Invoicing

Security Features

  • Deposit products (up to $250k) offered by U.S. Bank National Association. Member FDIC

Account Access

Earn up to $800 bonus when opening a new, eligible business checking account online
Free plan More info NBKC Debit Mastercard FDIC
  • No monthly account fees or min. balance
  • No opening deposit requirement
7.2

Payments

Card type
  • Business Mastercard
Domestic Transfers
  • Free Incoming Wire Transfers
  • 5$ Fee for Outgoing Wire Transfers
International Transfers
  • 45$ Fee for Incoming & Outgoing Wire Transfers

Accounting Tools

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

Security Features

  • Funds deposited into the account will be eligible for up to $250,000 of FDIC insurance.

Account Access

Free plan More info NorthOne Debit Mastercard FDIC
  • Quick payments: Automated Bill Hub, Same-Day ACH
  • SMBs & teams friendly, cards for every owner
7.0

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 QuickBooks
  • green-check-mark FreshBooks
  • green-check-mark Patriot
  • green-check-mark Zoho Books

Security Features

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

Account Access

1
  • Fee-free Chase ATMs at 15,000 locations
  • Same-day cash deposits at no additional cost
More info + $15/$30/$95 month
2
  • Access to over 70,000 fee-free in-network ATMs across the U.S
  • Unlimited transactions
More info + $15/month
3
  • 2.0% APY interest on eligible users’ balance
  • Quick & easy migration of existing bank accounts
More info + Free Plan
4
  • Free & unlimited invoicing automation
  • Integration with 50+ automation tools
More info + Free Plan
5
  • Open multiple individual business accounts
  • Best-in-class accounting integrations
More info + Free Plan
6
  • Up to 150 fee-free transactions per month
  • Minimum $100 deposit required when opening an account
More info + $12/month
7
  • Automatic expense tracking for self-employed
  • Built-in tax calculator and tax-saving tools
More info + Free Plan
8
  • Online and mobile banking available
  • Physical branches in over 2,000 locations
More info + $0/$20/$30 month
Up to $800 bonus for new business checking
9
  • No monthly account fees or min. balance
  • No opening deposit requirement
More info + Free Plan
10
  • Quick payments: Automated Bill Hub, Same-Day ACH
  • SMBs & teams -friendly, debit cards for every owne
More info + Free Plan

Why is it Important to Open a Business Bank 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.

Why is it Important to Open a Business Bank 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.

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.