Business Checking Accounts – USA

Business Checking Accounts

USA – May 2025

Best checking accounts for SMBs.
Enhance your financial capability.
Save up to $3000 annually on fees.

Last Updated May 2025

Best checking accounts for SMBs.
Enhance your financial capability.
Save up to $3000 annually on fees.

Advertiser Disclosure

Business Banks	Pricing	Card	Regulation	Main Advantages	Score	Open an Account
Best for LLCs 1	Free plan More info	Novo Debit Mastercard	FDIC	No fees on transfers by ACH and Wire Integration with 50+ automation tools Free & unlimited invoicing automation	9.8	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 Expense Management Savings tools Bookkeeping Invoicing 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 Visit Site
Best for sole proprietors 2	Free plan More info	Found Debit Mastercard	FDIC	Auto expense tracking for self-employed Built-in tax calculator and tax-saving tools No monthly fees, NSF, or min balances	9.5	Visit Site
Found Review Payments Domestic Transfers Unlimited free ACH transfers Incoming Wire transfers only International Transfers N/A Card Business debit Mastercard Cash Deposit and withdrawal available at 79,000 locations Checks Check scanner Accounting Tools Unlimited free invoicing Expense tracking Tax estimation and saving tool integration with Stripe, Square, PayPal & more Security Features Deposits up to $250k are insured by Piermont Bank; Member FDIC Account Access Based on 265 reviews Visit Site
3	$0 – $29.95 More info	Bank of America® Debit Visa	FDIC	24/7 Total Security Protection® Thousands of financial centers and ATMs	9.1	Visit Site
Bank of America Review Payments Business Advantage Fundamentals™ Banking Monthly fee: $16 or $0 no monthly fee for the first 12 statement cycles Avoid monthly fee: Maintain a $5,000 combined average monthly balance OR Use your Bank of America business debit card to make at least $250 in new net qualified purchases No fee for the first 20 transactions No fee for the first $5,000 in cash deposited Per statement cycle Business Advantage Relationship Banking Monthly fee: $29.95 Avoid monthly fee: Maintain a $15,000 combined average monthly balance OR Become a member of Preferred Rewards for Business No fee for incoming wire, electronic deposits and more No fee for the first 500 transactions No fee for the first $20,000 in cash deposited Per statement cycle Accounting Tools QuickBooks® Cash Flow Monitor® Erica® Security Features Bank of America, N.A. Member FDIC Account Access Based on 1,100,000* reviews Visit Site
Best for employers 4	Free plan More info	Bluevine Debit Mastercard	FDIC	Quick & easy migration of existing accounts 2.0% APY on positive balance up to $250k for eligible customers	8.8	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 Receive: Check scanner. Send: 2 free checkbooks. After 2 checkbooks – $18.22 per checkbook, plus taxes and shipping. Checking Accounting Tools Bill pay Free unlimited invoicing Expense Management 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 8,232 reviews Visit Site
5	Free plan More info	Relay Debit Visa	FDIC	Get 1.03%-3.03% APY & up to $3M in FDIC coverage Open multiple individual business accounts	8.5	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 90,000+ Green Dot® Network partnering retailers Withdrawals are fee-free on any ATM Check Receive: Check scanner Send: Mailed on-demand Accounting Tools Billpay Savings account Free unlimited invoicing Expanse management 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 Visit Site
6	$0 – $15 More info	Chase Debit Visa	FDIC	Fee-free ATMs at 15,000 locations Save time & manage cash flow effortlessly	8.2	Visit Site
Chase Review Payments Small Business Loans $0 origination fee Domestic Wire Transfers Incoming: $15 Outgoing: $25/$35 Domestic ACH Transfers Outgoing: $25 per payment International Wire Transfers Incoming: $15 Outgoing: $40 Accounting Tools Bill Pay Payment processing Security Features Deposits up to $250k are insured by Chase Bank; Member FDIC Account Access Based on 9,856 reviews Visit Site
7	$10 Per month $5k min. balance More info	Axos Debit Visa	FDIC	Unlimited domestic ATM fee reimbursements Eligible customers earn 1.01% APY up to $50k	7.9	Visit Site
Axos 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 Savings tools Bill pay Expense Management Invoicing QuickBooks integration Security Features Deposits up to $250k are insured by Axos Bank; Member FDIC Account Access Based on 1,350 ratings Visit Site

Best for LLCs

9.8

Visit Site

No fees on transfers by ACH and Wire
Integration with 50+ automation tools

More info + Free Plan

Best for sole proprietors

9.5

Visit Site

Auto expense tracking for self-employed

More info + Free Plan

9.1

Visit Site

24/7 Total Security Protection®

More info + $0 – $29.95

Best for employers

8.8

Visit Site

Quick & easy migration of existing accounts
2.0% APY on positive balance up to $250k for eligible customers

More info + Free Plan

8.5

Visit Site

Get 1-3.76% APY and up to $3M in FDIC coverage

More info + Free Plan

8.2

Visit Site

Fee-free ATMs at 15,000 locations

More info + $0 – $15

7.9

Visit Site

Domestic ATM fee reimbursements
Eligible customers earn 1.01% APY up to $50k

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?

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.

Look for accounts offering simple & clear-cut plans, minimal or no fees on transfers & payments and free withdrawal options.

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.

The banks we compare & review on Top10BusinessBanks.com are regulated by local authorities. FDIC regulates deposit insurance to at least $250,000

Look for built in expense reporting, scheduled/recurring payments & direct debits. Most banks also offer seamless integration with bookkeeping & accounting tools.

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?

Banking Features

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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

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Look for accounts offering simple & clear-cut plans, minimal or no fees on transfers & payments and free withdrawal options.

Corporate card

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Security

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The banks we compare & review on Top10BusinessBanks.com are regulated by local authorities. FDIC regulates deposit insurance to at least $250,000

Accounting tools

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Look for built in expense reporting, scheduled/recurring payments & direct debits. Most banks also offer seamless integration with bookkeeping & accounting tools.

Account Access

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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.

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.

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.

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?

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When is the right time to transition to a business checking account?

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What would protect my business checking account from theft?

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What’s the difference between a personal and a business checking account?

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Business Checking Accounts – USA

Business Checking Accounts

Advertiser Disclosure

Payments

Accounting Tools

Security Features

Account Access

Payments

Accounting Tools

Security Features

Account Access

Payments

Accounting Tools

Security Features

Account Access

Payments

Accounting Tools

Security Features

Account Access

Payments

Accounting Tools

Security Features

Account Access

Payments

Accounting Tools

Security Features

Account Access

Payments

Accounting Tools

Security Features

Account Access

Why is it important to open a business bank account?

Why is it important to open a business bank account?

How do I compare & choose the best bank account for my business?

How do I compare & choose the best bank account for my business?

FAQ

FAQ