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Best Checking Accounts for LLCs – USA

Best Checking Accounts for LLCs

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USA – May 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 May 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 Novo Debit Mastercard FDIC
  • No fees on transfers by ACH and Wire
  • Best-in-class integration for multiple 3rd-party apps
  • Payments with Stripe are processed 95% faster
9.8

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

Based on 1,619 reviews
Free plan More Info Bluevine Debit Mastercard FDIC
  • Eligible customers earn 2.0% APY up to $250k
  • Business loans are available up to $250K
  • Quick & easy migration of existing bank accounts
9.5

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
International Transfers
  • Wire transfers to 26 countries outside of the U.S
Outgoing transfer fee (USD): $25
foreign transfer fee: $25 + 1.5% on base payment amount

Accounting Tools

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

Security Features

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

Account Access

Based on 7,179 reviews
Free plan More Info Relay Debit Mastercard FDIC
  • 20 free checking accounts & 50 debit cards
  • Direct integration with QuickBooks & Xero
9.1

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 and Thread Bank; Members FDIC.

Account Access

Based on 658 reviews
$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
8.8

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

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

Account Access

Based on 852 reviews
$10 Per month More Info NorthOne Debit Mastercard FDIC
  • Same Day ACH transfer
  • Cash Deposit at 300,000 fee-free ATMs
8.5

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
Free plan More Info Ramp Visa Corporate Card FDIC
  • Finance automation that connects to your checking account
  • Corporate card with unlimited 1.5% cashback
8.2

Payments

Card type
  • Visa Corporate Card

Accounting Tools

  • green-check-mark Expense Management
  • close-mark-black Savings tools
  • green-check-mark integrations

Security Features

Account Access

Based on 1,554 reviews
$10 Per month More Info Axos Debit Visa FDIC
  • Unlimited domestic ATM fee reimbursements
  • APY interest ranges from 0.1% to 1.01% for eligible users’
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 88 reviews
Our top choice
1
  • No fees on transfers by ACH and Wire
  • Best-in-class integration for multiple 3rd-party apps
More Info + Free Plan
Best for employers
2
  • 2.0% APY interest on eligible users’ balance
  • Quick & easy migration of existing bank accounts
More Info + Free Plan
3
  • Direct integration with QuickBooks & Xero
  • 20 free checking accounts & 50 debit cards
More Info + Free Plan
4
  • Fee-free Chase ATMs at 15,000 locations
  • Same-day cash deposits at no additional cost
More Info + $15/month
5
  • Same Day ACH transfer
  • Cash Deposit at 300,000 fee-free ATMs
More Info + $10/month
6
  • Finance automation that connects to your checking account
  • Corporate card with unlimited 1.5% cashback
More Info + Free plan
7
  • Domestic ATM fee reimbursements
  • APY interest ranges from 0.1% to 1.01% for eligible users’
More Info + $10/month

Why is it Important to Open a Business Bank Account?

Dedicated bank accounts are a smart investment for LLC owners who want to promote growth. Such accounts provide an organized way of tracking money and create a more professional image while separating business and personal finances. Maintaining a clear understanding of your company’s financial position is paramount, and segregated accounts offer clear advantages. Establishing a discrete financial account empowers your LLC to perform better, achieve long-term success, and prevent money-related confusion.

Why is it Important to Open a Business Bank Account?

Dedicated bank accounts are a smart investment for LLC owners who want to promote growth. Such accounts provide an organized way of tracking money and create a more professional image while separating business and personal finances. Maintaining a clear understanding of your company’s financial position is paramount, and segregated accounts offer clear advantages. Establishing a discrete financial account empowers your LLC to perform better, achieve long-term success, and prevent money-related confusion.

How to Compare and Choose the Best Business Checking Account?

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 to Compare and Choose the Best Business Checking Account?

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.