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Best Business Checking Accounts – USA

Best Business Checking Accounts

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USA – May 2023
  • Offerings are backed by regulated financial institutions, deposits are FDIC insured.
  • Suitable for: small businesses, freelancers & self-employed.
  • 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 & self-employed.
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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.

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Business Banks Pricing Card Regulation Main Advantages Score Open an Account
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
 9.8
Visit Site
BlueVine Review

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
bluevine.com
Free Plan More Info Found business debit Mastercard
Found card
 FDIC
  • Built-in tax calculator and tax-saving tools
  • Automatic expense tracking for self-employed
 9.5
Visit Site
Found
Found Review

Payments

Card type
  • Business Mastercard
Domestic Transfers
  • Unlimited free ACH transfers
  • No outgoing Wire transfer
  • Incoming Wire transfers only
International Transfers
  • No Wire transfers available

Accounting Tools

  • green-check-mark Expense Management
  • green-check-mark Invoicing
  • 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

Based on 122 reviews
Found.com
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
 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 1,619 reviews
novo.co
$10 Per month More Info NorthOne Debit Mastercard
 FDIC
  • Same Day ACH transfer
  • Cash Deposit at 300,000 fee-free ATMs
 8.8
Visit Site
Northone Site
NorthOne Review

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
northone.com
Free plan More Info Relay Debit Mastercard
Relay Card
 FDIC
  • 20 free checking accounts & 50 debit cards
  • Direct integration with QuickBooks & Xero
 8.5
Visit Site
Relay Review

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
relayfi.com
$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
 8.2
Visit Site
Chase Review

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
chase.com
$10 Per month More Info Axos Debit Visa
Axos card
 FDIC
  • Unlimited domestic ATM fee reimbursements
  • APY interest ranges from 0.1% to 1.01% for eligible users’
 7.9
Visit Site
Axos Bank Review

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
axosbank.com
Score 9.8
BlueVine Review
Regulation FDIC
Pricing Free Plan
Accounts
  • USD
Based on 7,179 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
Our Top Choice
1
9.8
Visit Site
  • 2.0% APY interest on eligible users’ balance
  • Quick & easy migration of existing bank accounts
More Info + Free Plan
Score 9.5
Found Review
Regulation FDIC
Pricing Free Plan
Accounts

USD

Found card
Based on 122 reviews
Main Advantages
  • Unlimited transactions
  • No account fees, no minimum balance
  • Mastercard® business debit card and virtual card
  • Free ACH transfers
  • No outgoing Wire transfers
  • Incoming Wire available only to domestic transfers
  • Unlimited customizable invoices
  • Deposits up to $250k are insured by Piermont Bank; Member FDIC
Visit Site
Best for sole proprietors
2
9.5
Visit Site
  • Built-in tax calculator and tax-saving tools
  • Automatic expense tracking for self-employed
More Info + Free Plan
Score 9.1
Novo Review
Regulation FDIC
Pricing Free Plan
Accounts
  • USD
Based on 1,619 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 LLCs
3
9.1
Visit Site
  • No fees on transfers by ACH and Wire
  • Best-in-class integration for multiple 3rd-party apps
More Info + Free Plan
Score 8.8
NorthOne Review
Regulation FDIC
Pricing $10/month
**$30 Gift**
Accounts
  • USD
Based on 118 reviews
Main Advantages
  • Deposits are FDIC-insured to at least $250,000
  • Human powered customer support
  • Cash deposit available at 300,000 locations
  • $15 fee for incoming/outgoing wire transfers
  • Same Day ACH transfer
  • Integrates with multiple apps including: Stripe, Square, Paypal, Wise, Woocommerce, Amazon, Ebay, Etsy, Shopify, Expensify, Wave, Quickbooks, Gusto, Airbnb, Lyft, and more
Visit Site
4
8.8
Visit Site
  • Same Day ACH transfer
  • Cash Deposit at 300,000 fee-free ATMs
More Info + $10/month
Score 8.5
Relay Review
Regulation FDIC
Pricing Free Plan
Accounts
  • USD
Relay Card
Based on 658 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
5
8.5
Visit Site
  • Direct integration with QuickBooks & Xero
  • 20 free checking accounts & 50 debit cards
More Info + Free Plan
Score 8.2
Chase Review
Regulation FDIC
Pricing $15/month
$2,000 Minimum balance
Accounts
  • USD
Based on 852 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
6
8.2
Visit Site
  • Fee-free Chase ATMs at 15,000 locations
  • Same-day cash deposits at no additional cost
More Info + $15/month
Score 7.9
Axos Bank Review
Regulation FDIC
Pricing $10/month
Accounts
  • USD
Axos card
Based on 88 reviews
Main Advantages
  • Cash deposits via MoneyPass and AllPoint networks
  • $100 minimum opening deposit
  • First set of 50 checks free
  • QuickBooks integration
Visit Site
7
7.9
Visit Site
  • 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?

Opening a dedicated bank account is an essential investment for small business owners who are looking to grow their firm. Not only does it provide a more organized system of tracking income and expenditure, but it also allows for a much more professional financial image and keeps personal and company funds separate.

Having such a resource in place is invaluable when it comes to understanding where the business stands financially while preventing any confusion between personal and professional money. This will ensure smoother operations over time and will aid in the continued success and growth of the business.

Why is it important to open a business bank account?

Opening a dedicated bank account is an essential investment for small business owners who are looking to grow their firm. Not only does it provide a more organized system of tracking income and expenditure, but it also allows for a much more professional financial image and keeps personal and company funds separate.

Having such a resource in place is invaluable when it comes to understanding where the business stands financially while preventing any confusion between personal and professional money. This will ensure smoother operations over time and will aid in the continued success and growth of the business.

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.

FAQ

What’s required to open a business checking account?
Each business banking provider has specific requirements for opening a business checking account. The most crucial consideration is the existence of a de facto business. Clients must present an EIN, business incorporation information, and meet age requirement of 18+. US-based clients should present SSN (Social Security Number), a valid mobile number, and ID verification.
When is the right time to transition to a business checking account?
Business checking accounts are required for transaction purposes. As your business starts growing beyond a one-man operation, a business checking account becomes an invaluable resource. There may need to transition to a business checking account for many reasons, notably an uptick in recurring internal transfers. Other need may occur as a growing number of employees need access to business banking services, enhanced security, oversight, and control functions for management.
What would protect my business checking account from theft?
Business listed on our site are under FDIC protection against loss, theft, or bank closure. Fund are protected for up to $250,000.
Other security measures to be aware of include SSL encryption, and multifactor authentication.
 
Some brands like Relay and Bluevine offers extra security feature that allows Secure access for collaboration with accountants and team members.
What’s the difference between a personal and a business checking account?
Personal accounts are for personal use, while business accounts are for business use. Business checking accounts designed to manage incoming and outgoing funds transfers. By contrast, a personal checking account is used for managing non-business funds only.

FAQ

What’s required to open a business checking account?
Accordeon button
Each business banking provider has specific requirements for opening a business checking account. The most crucial consideration is the existence of a de facto business. Clients must present an EIN, business incorporation information, and meet age requirement of 18+. US-based clients should present SSN (Social Security Number), a valid mobile number, and ID verification.
When is the right time to transition to a business checking account?
Accordeon button
Business checking accounts are required for transaction purposes. As your business starts growing beyond a one-man operation, a business checking account becomes an invaluable resource. There may need to transition to a business checking account for many reasons, notably an uptick in recurring internal transfers. Other need may occur as a growing number of employees need access to business banking services, enhanced security, oversight, and control functions for management.
What would protect my business checking account from theft?
Accordeon button
Business listed on our site are under FDIC protection against loss, theft, or bank closure. Fund are protected for up to $250,000.
Other security measures to be aware of include SSL encryption, and multifactor authentication.
 
Some brands like Relay and Bluevine offers extra security feature that allows Secure access for collaboration with accountants and team members.
What’s the difference between a personal and a business checking account?
Accordeon button
Personal accounts are for personal use, while business accounts are for business use. Business checking accounts designed to manage incoming and outgoing funds transfers. By contrast, a personal checking account is used for managing non-business funds only.