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Best Business Checking Accounts – USA

Best Business Checking Accounts

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USA – February 2023
  • Top checking accounts for E-commerce, freelancers & small businesses.
  • All services are FDIC insured by US banking institutions.
  • Save money with low or no fees on transactions.
Last Updated February 2023
  • Low or no fees on all transactions
  • Perfect for small businesses
  • FDIC insured banks
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.

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Business Banks Pricing Regulation Main Advantages Score Open an Account
Free plan More Info FDIC
  • Free ACH and Wire transfers
  • Payments with Stripe are processed 95% faster
  • Easy Integration for a huge variety of 3rd-party apps
 9.8
Visit Site
Novo Review

Payments

Card type
  • Business Mastercard
Domestic Transfers
  • Free ACH transfers
  • Wire Transfers
International Transfers
  • 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 Slack, Xero, Stripe & more

Security Features

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

Account Access

Based on 1,619 reviews
novo.co
Free plan More Info FDIC
  • 20 free checking accounts & 50 debit cards
  • Human-powered customer support
  • No monthly fee and no minimum balance
 9.5
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.

Account Access

Based on 658 reviews
relayfi.com
$15 Per month More Info FDIC
  • Payment processing for all debit/credit cards
  • $2k min balance to waive monthly fee
 9.1
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

  • green-check-mark Bill Pay
  • green-check-mark Payment processing

Security Features

  • Member FDIC

Account Access

Based on 852 reviews
chase.com
Free plan More Info FDIC
  • 2.0% APY interest on eligible users’ balance
  • Quick & easy migration of existing bank accounts
 8.8
Visit Site
BlueVine Review

Payments

Account Types
  • USD
Card type
  • Business debit Mastercard
Domestic Transfers
  • Free ACH Transfers
  • Wire transfers
Incoming Wire Fee: 0$
Outgoing Wire Fee: 15$

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 Coastal Community Bank.

Account Access

Based on 7,087 reviews
bluevine.com
$10 Per month More Info FDIC
  • Same Day ACH transfer
  • Envelope feature for automatic finance planning
 8.5
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

  • Supervised by The Bancorp Bank, Member FDIC
  • Funds insured to at least $250,000

Account Access

Based on 118 reviews
30$ Gift for Funded Account
northone.com
$10 Per month More Info FDIC
  • $5,000 min. daily balance to waive monthly fee
  • Domestic ATM fee reimbursements
 8.2
Visit Site
Axos Bank Review

Payments

Account Types
  • USD
Automated Payments
  • Direct debits
Domestic Transfers
  • First set of 50 checks free
International Transfers
  • Wire transfers

Accounting Tools

  • green-check-mark Expense Management
  • green-check-mark Savings tools
  • close-mark-black Bookkeeping
  • close-mark-black Invoicing
  • close-mark-black QuickBooks integration

Security Features

  • FDIC-insured financial institution
  • Fingerprints, voiceprints, and facial recognition

Account Access

Based on 33 reviews
axosbank.com
Score 9.8
Novo Review
Regulation FDIC
Pricing Free Plan
Accounts
  • USD
Based on 1,619 reviews
Main Advantages
  • 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
Our top choice
1
score 9.8
Visit Site
  • Payments with Stripe are processed 95% faster
  • Free ACH and Wire transfers
Free Plan More Info +
Score 9.5
Relay Review
Regulation FDIC
Pricing Free Plan
Accounts
  • USD
Based on 658 reviews
Main Advantages
  • 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
2
score 9.5
Visit Site
  • No monthly fee and no minimum balance
  • Human-powered customer support
Free Plan More Info +
Score 9.1
Chase Review
Regulation FDIC
Pricing $15/month
$2,000 Minimum balance
Accounts
  • USD
Based on 852 reviews
Main Advantages
  • Same-day deposits at no additional cost
  • User friendly & secure app
Visit Site
3
score 9.1
Visit Site
  • Payment processing for all debit/credit cards
  • $2k min balance to waive monthly fee
$15/month More Info +
Score 8.8
BlueVine Review
Regulation FDIC
Pricing Free Plan
Accounts
  • USD
Based on 7,087 reviews
Main Advantages
  • Up to 5 sub-accounts with unique account no.
  • Dedicated secure access for team members
  • Automated payment for vendors
  • Paper checkbooks available
  • Unlimited transactions
  • Checkbooks, cash deposit & no-fee ATMs in 37,000 locations
Visit Site
4
score 8.8
Visit Site
  • 2.0% APY interest on eligible users’ balance
  • Quick & easy migration of existing bank accounts
Free Plan More Info +
Score 8.5
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
5
score 8.5
Visit Site
  • Same Day ACH transfer
  • Envelope feature for automatic finance planning
$10/month More Info +
Score 8.2
Axos Bank Review
Regulation FDIC
Pricing $10/month
Accounts
  • USD
Based on 33 reviews
Main Advantages
  • Cash deposits via MoneyPass and AllPoint networks
  • $100 minimum opening deposit
Visit Site
6
score 8.2
Visit Site
  • Domestic ATM fee reimbursements
  • $5,000 min. daily balance to waive $10 monthly fee
$10/month More Info +

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 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.

FAQ

Accordeon button
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.