Does Chime Offer Business Accounts?
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Chime is a financial technology company that specializes in personal spending and savings accounts. It doesn't offer business accounts, and Chime's deposit agreement says it may close accounts being used for business purposes.
If you were interested in a Chime business account for benefits like good interest rates and low fees, a number of other online companies offer similar features. Consider the alternatives below, or view all our picks for best business checking accounts.
Chime business bank account alternatives
The right bank account for you will come down to your unique business needs and budget. But if you want to open an online business checking account, the following options may be a good fit instead of Chime.
NBKC business checking
Chime accounts have no monthly fees or overdraft charges. For a similar low-cost option, NBKC offers a free business checking account with no minimum deposit plus budget-conscious perks like unlimited fee-free transactions and no fees for insufficient funds.
One major exception? NBKC charges a high fee ($45) to send or receive international wires; domestic wires cost $5 apiece. If your business relies on such services, a different provider may be a better choice. Mercury business banking, for instance, includes free wires while also not charging a monthly fee.
» MORE: NBKC business checking review
Bluevine Business Checking
NBKC's account doesn't earn interest. If you’d prefer a high-yield business checking account, consider Bluevine. Account holders earn a solid APY: Earn 1.50% interest on account balances up to and including $250,000. Terms apply. That rate actually matches the 2.00% Chime offers on its savings accounts, as of this writing.
Bluevine also keeps business checking costs low, with no monthly fees or nonsufficient funds fees. You can also deposit cash at over 90,000 physical locations via a partnership with the third-party service Green Dot. Unlike Chime, those transactions will always come with a fee (up to $4.95). But Bluevine also partners with the Allpoint+ network for potentially cheaper cash deposits — $1 + 0.5% of the deposit amount — though there are far fewer locations (1,500+).
 American Express® Business Checking Member FDIC |  Bluevine Business Checking Deposits are FDIC Insured |  Grasshopper Business Checking Account Member FDIC |
|---|---|---|
NerdWallet rating 5.0 /5 | NerdWallet rating 4.7 /5 | NerdWallet rating 4.5 /5 |
Monthly fee $0 | Monthly fee $0 | Monthly fee $0 |
APY 1.30% With $0 min. balance for APY | APY 1.50% With $0 min. balance for APY | APY 1.80% With $25,000 min. balance for APY |
Bonus $0 Requirements to qualify | Bonus $300 Requirements to qualify | Bonus N/A |
Learn More at American Express National Bank, Member FDIC | Learn More at Bluevine, Deposits are FDIC Insured | Learn More at Grasshopper Bank, Member FDIC |
LendingClub Tailored Checking
For a Chime business bank account alternative with free cash deposits, consider LendingClub Tailored Checking. LendingClub Bank participates in the MoneyPass ATM network, which has more than 37,000 ATMs nationwide, and account holders can deposit cash at those locations without incurring fees.
If you venture out of network to take out cash, LendingClub offers unlimited ATM surcharge rebates for any third-party fees you incur. This account does charge a $10 monthly fee, though this can be waived if your account balance is $500 or more. Opening an account requires a $100 minimum deposit.
Lili Business Banking
Chime's checking account lets you get your paychecks up to two days early by using direct deposit. If you want similar early access to your business income, consider Lili. Its entry-level account also provides your payments up to two days earlier if they're sent via ACH transfer.
That account is free and, like Lending Club business checking, also taps into the MoneyPass network to offer fee-free ATM access. Lili has multiple paid tiers as well. Its Lili Pro plan (which costs $9 per month) matches a different Chime benefit — its SpotMe service — by allowing you to overdraft by up to $200 without facing fees.
» MORE: Lili business checking review
Capital One Business Basic Checking
While Chime customers may be comfortable banking online, Capital One Business Basic Checking combines features more common with online-only operations — like unlimited transactions — with a traditional brick-and-mortar presence.
Capital One Business Basic Checking supports cash deposits and offers no-fee ATM access. However, it's available in only eight states and Washington, D.C., and you’ll need to visit a branch to sign up. Accounts also require a $250 minimum opening deposit and charge a $15 monthly fee, which can be waived if a balance of at least $2,000 is maintained.
