Payments
- USD
- Business debit Mastercard
- ACH
- Wire transfers
- Wire transfers
Accounting Tools
- Expense Management
- Bookkeeping
- Savings tools
- Invoicing
Security Features
- Deposits are FDIC insured to at least $250,000 through The Bancorp Bank
Top10BusinessBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end.
Please note:
Business Banks | Pricing | Card | Regulation | Main Advantages | Score | Open an Account |
---|---|---|---|---|---|---|
Best for Small Businesses 1 | Free Plan More Info | BlueVine Corporate Mastercard | FDIC |
| 9.8 | |
PaymentsAccount Types
Card type
Domestic Payments
International Payments
Accounting Tools
Security Features
Account Access | ||||||
Best choice for Freelancers 2 | Free plan More Info | Novo Corporate Mastercard | FDIC |
| 9.5 | |
PaymentsCard type
International transfers
Transactions
Accounting Tools
Security Features
Account Access | ||||||
3 | Free plan More Info | Relay Mastercard Debit Card | FDIC |
| 9.1 | |
PaymentsAccount Types
International Transfers
10$ fee for sending Wire transfer Domestic Transfers
5$ fee for sending Wire transfer Accounting Tools
Security Features
Account Access | ||||||
4 | $15 per month $2K min. balance More Info | Chase Business VISA card | FDIC |
| 8.8 | |
PaymentsCurrency
Card type
Accounting Tools
Security Features
Account Access | ||||||
5 | 10$ Per Month More Info | NorthOne Corporate Mastercard | FDIC |
| 8.5 | |
PaymentsCard type
Checks
Fee free
Accounting Tools
Security Features
Account Access 20$ Gift for Funding an account | ||||||
6 | Free plan More Info | Divvy Visa Business Card | FDIC |
| 8.2 | |
PaymentsCard type
Domestic Transfers
Rewards
Accounting Tools
Security Features
Account Access | ||||||
7 | Free plan More Info | Axos Visa Debit Card | FDIC |
| 7.9 | |
PaymentsAccount Types
Automated Payments
Domestic Transfers
International Transfers
Accounting Tools
Security Features
Account Access |
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.