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Best Business Checking Accounts – USA

Best Business Checking Accounts

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USA – March 2023
  • 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 March 2023
  • 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 Per month
$2K min. balance More Info
Chase Debit Visa FDIC
  • Fee-free ATMs at 15,000 locations
  • Same-day cash deposits at no additional cost
9.8

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

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

Security Features

  • Member FDIC

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
  • Minimum $100 deposit required when opening an account
9.5

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

$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
9.1

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
  • Eligible customers earn 2.0% APY up to $250k
  • Business loans are available up to $250K
8.8

Payments

Account Types
  • USD
Card type
  • Business debit Mastercard
Domestic Transfers
  • Free ACH Transfers
  • Wire transfers
Standard ACH fee: $0
Same-day ACH fee: $10
Incoming Wire Fee: 0$
Outgoing Wire Fee: 15$

Accounting Tools

  • green-check-mark Bill pay
  • green-check-mark Expense Management
  • green-check-mark Payment approvals

Security Features

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

Account Access

Free plan More Info Novo Debit Mastercard FDIC
  • No fees on transfers by ACH and Wire
  • Payments with Stripe are processed 95% faster
8.5

Payments

Cash Deposits

N/A

Checks

Send: unlimited free mailed checks
Recieve: Free in-app check scanner

Domestic Transfers

Free incoming/outgoing ACH
Free incoming wire

International Transfers

Outgoing wire Via Wise (Transferwise)

Payment Integrations

Stripe, Square, Paypal, Wise, Woocommerce, Amazon, Ebay, Etsy, Shopify

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

Account Access

Free plan More Info NBKC Debit Mastercard FDIC
  • No monthly account fees or min. balance
  • No opening deposit requirement
8.2

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 Kabbage Debit Mastercard FDIC
  • No monthly fees, minimum balance requirement or minimum opening deposit
  • Earn 1.10% APY on account balances up to $100,000
7.9

Payments

Account Types
  • USD
Card type
  • Business debit Mastercard
Domestic Payments
  • ACH
  • Wire transfers
International Payments
  • Wire transfers

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 The Green Dot Bank

Account Access

Free plan More Info Relay Debit Mastercard FDIC
  • Human-powered customer support
  • Up to 50 Visa debit cards
7.5

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

Free plan More Info Lili Debit Visa FDIC
  • Automated tax saving system
  • Expanse tracking feature & recipt scanner
7.2

Payments

Domestic Transfers
  • Free ACH Bank Transfer
International Transfers
  • Free debit transactions

Accounting Tools

  • green-check-mark Expense Management
  • green-check-mark Savings tools
  • green-check-mark Bookkeeping
  • green-check-mark Invoicing
  • green-check-mark QuickBooks, Venmo & more

Security Features

  • Deposits are insured up to $250,000 via Choice Financial Group, Member FDIC

Account Access

$10 Per month More Info NorthOne Debit Mastercard FDIC
  • Same Day ACH transfer
  • Envelope feature for automatic finance planning
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 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

30$ Gift for Funded Account
1
  • 4,700 physical branches nation-wide
  • Fee-free Chase ATMs at 15,000 locations
More Info +
2
  • Up to 150 fee-free transactions per month
  • Minimum $100 deposit required when opening an account
More Info +
3
  • Access to over 70,000 fee-free in-network ATMs across the U.S
  • Unlimited transactions
More Info +
4
  • 2.0% APY interest on eligible users’ balance
  • Quick & easy migration of existing bank accounts
More Info +
5
  • Payments with Stripe are processed 95% faster
  • No fees on transfers by ACH and Wire
More Info +
6
  • No monthly account fees or min. balance
  • No opening deposit requirement
More Info +
7
  • No monthly fees, minimum balance requirement or minimum opening deposit
  • Earn 1.10% APY on account balances up to $100,000
More Info +
8
  • Human-powered customer support
  • Up to 50 Visa debit cards
More Info +
9
  • Automated tax saving system
  • Expanse tracking feature & recipt scanner
More Info +
10
  • Same Day ACH transfer
  • Envelope feature for automatic finance planning
More Info +

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?

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.