USA flag

Best Checking Accounts for LLCs – USA

Best Checking Accounts for LLCs

USA flag
USA – April 2024
  • 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 April 2024
  • All accounts are FDIC insured.
  • Compare fees to save costs.
  • Suitable for LLCs, freelancers & self-employed.
Advertiser Disclosure

Advertiser Disclosure

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
Free plan More info Relay Debit Visa
FDIC
  • Best-in-class accounting integrations
  • Open multiple individual business accounts
  • 24/7 support from knowledgeable specialists
 9.8
Visit Site
Relay Review

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

Based on 1,204 reviews
relayfi.com
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
  • Business loans are available up to $250k
 9.5
Visit Site
Bluevine Review

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

Based on 7,503 reviews
bluevine.com
Free plan More info Novo Debit Mastercard
FDIC
  • Integration with 50+ automation tools
  • Free & unlimited invoicing automation
 9.1
Visit Site
Novo Review

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 3,018 reviews
novo.co
$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
 8.8
Visit Site
Chase Review

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

Based on 1,474 reviews
chase.com
Free plan More info Mercury Debit Mastercard
FDIC
  • Up to 5.5% APY on savings
  • Unlimited fee-free transactions
 8.5
Visit Site
Mercury Review

Payments

Cards
  • Mercury Debit Mastercard
  • IO Credit Mastercard
Domestic wires
  • Free
USD international wires
  • Free
Currency exchange
  • 1% rate

Accounting Tools

  • green-check-mark Accounting integration
  • green-check-mark Money management

Security Features

  • Deposits up to $5,000,000 are insured by Choice Financial Group and Evolve Bank & Trust; Members FDIC.

Account Access

Based on 764 reviews
mercury.com
$0 / $20 / $30
monthly fee More info 		US bank Debit Visa
FDIC
  • Online and mobile banking available
  • Physical branches in over 2,000 locations
 8.2
Visit Site
US Bank Review

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

  • Deposits up to $250k are insured by U.S. Bank National Association; Member FDIC

Account Access

Based on 754 reviews
www.usbank.com
Score 9.8
Relay Review
Regulation FDIC
Pricing Free Plan
Accounts
  • USD
Based on 1,204 reviews
Main Advantages
  • Free cash deposit & withrawal at Allpoint ATMs
  • 20 free checking accounts 
  • 50 debit cards
  • No overdraft fees
  • No minimum balance
  • Secure banking access for financial advisors & team members
  • Integrates with multiple apps including: Plaid, QuickBooks Online, Xero, Gusto, Yodlee, and more
  • Pro feature including: auto bill payment system, same day ACH, free outgoing wires, and more
Visit Site
Best choice overall for LLCs
1
9.8
Visit Site
  • Open multiple individual business accounts
  • Best-in-class accounting integrations
More info + Free Plan
Score 9.5
Bluevine Review
Regulation FDIC
Pricing Free Plan
Accounts
  • USD
Based on 7,503 reviews
Main Advantages
  • Business loans are available up to $250K
  • Up to 5 sub-accounts with unique account no.
  • Dedicated secure access for team members
  • Automated payment for vendors
  • Wire transfers to 26 countries outside of the U.S
  • Paper checkbooks available
  • Unlimited transactions
  • Checkbooks, cash deposit & no-fee ATMs in 37,000 locations
Visit Site
2
9.5
Visit Site
  • 2.0% APY interest on eligible users’ balance
  • Quick & easy migration of existing bank accounts
More info + Free Plan
Score 9.1
Novo Review
Regulation FDIC
Pricing Free Plan
Accounts
  • USD
Based on 3,018 reviews
Main Advantages
  • Easy integration for multiple 3rd-party financial apps
  • Payments with Stripe are processed 95% faster
  • Free outgoing transfers & incoming wires
  • Unlimited ATM fee refunds
  • Human-powered customer service
  • Integrates with multiple apps including: Stripe, Square, Paypal, Wise, Woocommerce, Amazon, Ebay, Etsy, Shopify, Xero, Quickbooks, Slack, Zapier, and more.
Visit Site
Best for single-member LLCs
3
9.1
Visit Site
  • Free & unlimited invoicing automation
  • Integration with 50+ automation tools
More info + Free Plan
Score 8.8
Chase Review
Regulation FDIC
Pricing $15 / $30 / $95
According to plan
Accounts
  • USD
Based on 1,474 reviews
Main Advantages
  • Accept card payments anytime in the US
  • User-friendly & secure app
  • QuickDeposit: check scanner tool for additional $25/month
  • Fee-free Chase ATMs at 15,000 locations
  • $3 fee for out-of-network ATM
  • $5 International out-of-network ATM fees
  • 0.01% APY interest
Visit Site
4
8.8
Visit Site
  • Fee-free Chase ATMs at 15,000 locations
  • Same-day cash deposits at no additional cost
More info + $15/$30/$95 month
Score 8.5
Mercury Review
Regulation FDIC
Pricing Free Plan
Accounts
  • USD
Based on 764 reviews
Main Advantages
  • Free domestic and international wire transfers
  • No monthly fees, transaction fees or minimum opening deposit
Visit Site
5
8.5
Visit Site
  • Unlimited fee-free transactions
  • Venture debt loans available for startups
More info + Free Plan
Score 8.2
US Bank Review
Regulation FDIC
Pricing $0 / $20 / $30
monthly fee
Accounts
Based on 754 reviews
Main Advantages
  • 4.5% APY on money market savings account
  • $100 minimum deposit is required to open An account
  • At least 125 free transactions per month
  • Checkbooks, cash deposit & no-fee ATMs in 2,000 locations
  • Deposits up to $250k are insured by U.S. Bank National Association; Member FDIC
Visit Site
6
8.2
Visit Site
  • Online and mobile banking available
  • Physical branches in over 2,000 locations
More info + $0/$20/$30 month

Understanding Business Banking – A Quick Guide

Navigating the world of business banking can be overwhelming, but it doesn’t have to be. Our quick guide offers a concise overview of the essential factors to consider when selecting a bank for your business. From analyzing monthly fees and account plans to assessing features and benefits, we break down the key elements that matter most. 

By arming yourself with this knowledge, you can confidently choose the right banking partner that aligns with your business goals and financial needs. At our comparison website, we strive to simplify the process of finding the perfect bank for your business, so you can focus on what truly matters – growing your enterprise.

Understanding Business Banking – A Quick Guide

Navigating the world of business banking can be overwhelming, but it doesn’t have to be. Our quick guide offers a concise overview of the essential factors to consider when selecting a bank for your business. From analyzing monthly fees and account plans to assessing features and benefits, we break down the key elements that matter most. 

By arming yourself with this knowledge, you can confidently choose the right banking partner that aligns with your business goals and financial needs. At our comparison website, we strive to simplify the process of finding the perfect bank for your business, so you can focus on what truly matters – growing your enterprise.

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.