Best Business Checking Accounts of October 2024

A business checking account is an easy-to-use, inexpensive home for your company's cash. Our top overall picks for the best business checking accounts are:

Best online business checking account:
American Express® Business Checking
.
Best brick-and-mortar business checking account:
Chase Business Complete Banking®
.
Best high-yield business checking account:
Bluevine Business Checking
.

Our complete list highlights business checking options that can suit a variety of business needs — plus details about why some well-known accounts didn't make the cut.

250+ small-business products reviewed and rated by our team of experts.

95+ years of combined experience covering small-business and personal finance.

Objective comprehensive business bank accounts rubric (Methodology).

NerdWallet's business banking content — including our ratings, reviews and recommendations — is produced by a team of writers and editors who specialize in small-business finances. Their journalism has appeared in The Associated Press, Washington Post, MarketWatch, Nasdaq, Entrepreneur, ABC News, MSN and other national and local media outlets. Each writer and editor follows NerdWallet's strict editorial guidelines to ensure fairness and accuracy in our coverage.

Our Nerdy picks for

High-yield business checking

Bluevine Business Checking

4.7

NerdWallet Rating

Online business checking account

American Express® Business Checking

5.0

NerdWallet Rating

Competitive APY + cash back

Grasshopper Business Checking Account

4.5

NerdWallet Rating

Sign-up bonus

Silver Business Package

4.2

NerdWallet Rating

Best Business Checking Accounts

Best for	NerdWallet rating▼	Monthly fee▼	APY▼	Bonus▼	Learn more
High-yield business checking Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured	4.7/5	$0	2.00% With $0 min. balance for APY	$300 Requirements to qualify	Learn more at Bluevine, Deposits are FDIC Insured

Online business checking account American Express® Business Checking Learn more at American Express National Bank, Member FDIC	5.0/5	$0	1.30% With $0 min. balance for APY	N/A	Learn more at American Express National Bank, Member FDIC

Competitive APY + cash back Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC	4.5/5	$0	2.00% With $0 min. balance for APY	N/A	Learn more at Grasshopper Bank, Member FDIC

Sign-up bonus U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC	4.2/5	$0	N/A	$400 Requirements to qualify	Learn more at U.S. Bank, Member FDIC

Brick-and-mortar business checking account Chase Business Complete Banking® Learn more at Chase, Member FDIC	4.5/5	$15.00 Waived with $2,000 minimum balance	N/A	$300 Requirements to qualify	Learn more at Chase, Member FDIC

Online bank with ATM deposits, withdrawals Axos Bank® Basic Business Checking Learn more at Axos Bank®, Member FDIC	4.9/5	$0	N/A	$400 Requirements to qualify	Learn more at Axos Bank®, Member FDIC

Freelancers and self-employed workers Found Small Business Banking Learn more at Found, Deposits are FDIC Insured	4.4/5	$0	N/A	$125 Requirements to qualify	Learn more at Found, Deposits are FDIC Insured

Multiple accounts Relay Business Checking Learn more at Relay, Deposits are FDIC Insured	4.9/5	$0	N/A	N/A	Learn more at Relay, Deposits are FDIC Insured

Low fees on banking services nbkc Business Account Learn more at nbkc bank, Member FDIC	4.9/5	$0	N/A	N/A	Learn more at nbkc bank, Member FDIC

Businesses that often handle cash Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC	4.5/5	$16.00 $0 for the first 12 statement cycles.	N/A	$200 Requirements to qualify	Learn more at Bank of America, N.A., Member FDIC

Cash management Rho Business Checking Learn more at Rho, Member FDIC	4.1/5	$0	N/A	$500 Requirements to qualify	Learn more at Rho, Member FDIC

Cash back on debit card purchases LendingClub Tailored Checking Read Review	4.9/5	$10.00 Waived with $500 minimum balance	1.50% With $0 min. balance for APY	N/A	Read Review

Built-in payment processing QuickBooks Money Read Review	4.2/5	$0	5.00% With $0 min. balance for APY	N/A	Read Review

Best for	NerdWallet rating▼	Monthly fee▼	APY▼	Bonus▼	Learn more
High-yield business checking Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured	4.7/5	$0	2.00% With $0 min. balance for APY	$300 Requirements to qualify	Learn more at Bluevine, Deposits are FDIC Insured
Online business checking account American Express® Business Checking Learn more at American Express National Bank, Member FDIC	5.0/5	$0	1.30% With $0 min. balance for APY	N/A	Learn more at American Express National Bank, Member FDIC
Competitive APY + cash back Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC	4.5/5	$0	2.00% With $0 min. balance for APY	N/A	Learn more at Grasshopper Bank, Member FDIC
Sign-up bonus U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC	4.2/5	$0	N/A	$400 Requirements to qualify	Learn more at U.S. Bank, Member FDIC
Brick-and-mortar business checking account Chase Business Complete Banking® Learn more at Chase, Member FDIC	4.5/5	$15.00 Waived with $2,000 minimum balance	N/A	$300 Requirements to qualify	Learn more at Chase, Member FDIC
Online bank with ATM deposits, withdrawals Axos Bank® Basic Business Checking Learn more at Axos Bank®, Member FDIC	4.9/5	$0	N/A	$400 Requirements to qualify	Learn more at Axos Bank®, Member FDIC
Freelancers and self-employed workers Found Small Business Banking Learn more at Found, Deposits are FDIC Insured	4.4/5	$0	N/A	$125 Requirements to qualify	Learn more at Found, Deposits are FDIC Insured
Multiple accounts Relay Business Checking Learn more at Relay, Deposits are FDIC Insured	4.9/5	$0	N/A	N/A	Learn more at Relay, Deposits are FDIC Insured
Low fees on banking services nbkc Business Account Learn more at nbkc bank, Member FDIC	4.9/5	$0	N/A	N/A	Learn more at nbkc bank, Member FDIC
Businesses that often handle cash Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC	4.5/5	$16.00 $0 for the first 12 statement cycles.	N/A	$200 Requirements to qualify	Learn more at Bank of America, N.A., Member FDIC
Cash management Rho Business Checking Learn more at Rho, Member FDIC	4.1/5	$0	N/A	$500 Requirements to qualify	Learn more at Rho, Member FDIC
Cash back on debit card purchases LendingClub Tailored Checking Read Review	4.9/5	$10.00 Waived with $500 minimum balance	1.50% With $0 min. balance for APY	N/A	Read Review
Built-in payment processing QuickBooks Money Read Review	4.2/5	$0	5.00% With $0 min. balance for APY	N/A	Read Review

How we choose the best business checking accounts

NerdWallet evaluates business checking accounts on more than 20 different factors, including:

Monthly fees.
APY.
Transaction limits.
Access to ATMs.
Access to branches.
Cash deposit limits and fees.
Availability of customer support via phone and live chat.
App store rating.
Availability of checks.

We continually reevaluate and update our methodology to reflect evolving industry norms and business owner needs.

What our star ratings mean

Business accounts that earn 5 stars are exceptional. These are best-in-class accounts that deliver the most value for the greatest number of business owners.

Business accounts that earn 4.0 to 4.9 stars are good to excellent. They deliver terrific value and might be the best choice for your businesses depending on your needs.

Business accounts that earn 3.0 to 3.9 stars are fine. You'll get some value out of using them, but there are other accounts that offer fewer fees, more features or a better customer experience.

Business checking accounts that earn below 3 stars are considered subpar and would generally not be recommended by NerdWallet.

Which business accounts does NerdWallet rate?

NerdWallet examines dozens of business checking accounts every year to determine our star ratings and top picks, but we do not review all 4,000-plus FDIC-insured banks in the U.S. We focus on the accounts available to the largest number of business owners.

Should you open a business account at your local bank or credit union? These institutions can be great choices if you're looking for the following:

A personal, face-to-face relationship with your banker.
Highly regarded customer support.
Traditional banking services, including checks, wire transfers and bill pay.
In the future, a business loan.

However, smaller financial institutions may limit how many transactions you can make each month and tend to charge higher fees than their online counterparts. They may also lack the more developed digital tools of national banks.

America FIrst Credit Union, American Express, Axos Bank, Bank of America, Blue Federal Credit Union, Bluevine, BMO Bank, Brex, Capital One, Chase Bank, Citibank, Consumers Credit Union, Digital Federal Credit Union, First Tech Credit Union, Found, Grasshopper Bank, Huntington Bank, LendingClub, Lili, Live Oak Bank, Mercury, Navy Federal Credit Union, NBKC Bank, NorthOne, Novo, PNC Bank, QuickBooks, Relay, Rho, Self-Help Credit Union, TD Bank, Truist, U.S. Bank, Wells Fargo.

Business checking accounts that didn't make our list

The following business accounts didn't make our top picks, but may still make sense for certain businesses.

Brex Business Account
:
4.4
stars. Brex is a great cash management account option. It's not included in our top picks for businesses, though, because it's only available to a small number of them — venture-backed startups or mid-market companies with annual revenue in the millions. More businesses can take advantage of similar tools with Rho.
Novo Business Checking
:
4.4
stars. Novo's bare-bones online account is still a good choice for solopreneurs and small, online-only companies. But its standout feature — invoicing — is also offered by Grasshopper, Found and QuickBooks Money, both of which include additional perks for free (like bookkeeping tools and built-in payment processing).
Lili Basic Business Checking
:
4.4
stars. Lili has tools to help freelancers with tasks like tax planning and bookkeeping. Unfortunately, you'll have to pay a monthly fee to access most of them. Found offers a similar suite of features for free.
Mercury Business Bank Account
:
4.1
stars. Mercury is in the cash management account family alongside Rho and Brex, and like both, it's a solid product. Rho has a slight edge, though, thanks to its 24/7 customer support on weekdays.
NorthOne Standard Business Checking
:
4.1
stars. Instant deposits from platforms like Amazon, Etsy, Shopify and Square make this online account worth a look for e-commerce sellers. But NorthOne is less valuable if you also deal with cash, as the account lacks fee-free access to an ATM network. Take a look at Lili and QuickBooks Money as alternatives — both offer early access to some payments, plus fee-free access to some ATMs.

Navy Federal Credit Union Business Checking: 4.2 stars. Navy Federal Credit Union is a great choice for veteran-owned businesses, given its 24/7 customer service and unlimited cash deposits. But if all of your business's owners don't qualify for membership, this won't be an option for you.
CitiBusiness® Streamlined Checking
:
4
stars. This account stands out for high fee-free cash deposit and transaction limits, but Citi has a relatively small footprint — and you have to visit a branch to sign up. If you don’t live in an area served by Citi, Bank of America is a good alternative. BofA’s $7,500 fee-free cash deposit limit rivals Citi's $10,000 limit, and you’ll get unlimited electronic transactions and 200 in-person fee-free transactions.
Capital One Business Basic Checking®
:
4
stars. This account offers unlimited transactions, which is rare among brick-and-mortar banks, but it’s only available in limited markets. If you value that flexibility but don't live in one of the eight states (plus Washington, D.C.) served by Capital One, consider an online business bank account. Bluevine, for instance, offers unlimited transactions plus interest on the funds in your account.
BMO Simple Business Checking
:
4
stars. The biggest selling point for BMO’s entry-level account is its $10 monthly fee, which you can waive with a monthly balance of just $100. That’s cheap for in-person banking. But U.S. Bank is cheaper, offering an account with no monthly maintenance fee. Neither option’s features are especially generous otherwise (especially when it comes to transactions), but U.S. Bank at least includes a hefty sign-up bonus.
Wells Fargo Initiate Business Checking℠ Account
:
4
stars. Wells Fargo's business checking account is pretty standard among brick-and-mortar options, with its standout feature being the bank’s roughly 4,400 branch locations and 11,000 ATMs. Bank of America and Chase offer similarly robust ATM and branch networks, and both rate higher than Wells Fargo thanks to unlimited electronic transactions and sign-up bonuses.
TD Business Simple Checking℠
:
3.9
stars. This account is worth a look if you want 24/7 live customer service, but there's not much else to set it apart. American Express lacks TD Bank’s physical footprint, but may still be a good alternative: That account also offers round-the-clock phone support, plus interest on your balances and even has a much larger ATM network than TD Bank does
Huntington Bank
Business Checking 100
:
3.9
stars. Huntington has a generous 24-hour grace period on overdrafts, but low transaction and cash deposit limits. Chase, on the other hand, gives you until the end of the next business day to resolve overdrafts, plus unlimited electronic and debit card transactions and twice as much per month in fee-free cash deposits.
Truist Simple Business Checking
:
3.5
stars. Truist loses points for a very stingy limit of 50 free transactions. You'll also have to pay a $14.95 monthly fee for integration with QuickBooks. Consider Chase and Bank of America for brick-and-mortar banking instead. Both offer unlimited digital transactions plus free QuickBooks integration.
PNC Business Checking
:
3.5
stars. PNC charges all the usual fees that brick-and-mortar banks do, with particularly high wire transfer fees — like $95 per outgoing domestic wire. For a low-fee experience, take a look at NBKC instead. You’ll pay no monthly fee, get unlimited transactions (including ACH transfers) and pay just $5 per outgoing domestic wire

Use the below tool to see which local banks in your state offer free small-business checking accounts, or check out our list of credit unions that offer business accounts.

What is a business checking account?

A business checking account is a secure place to store your company's cash as revenue comes in and expenses go out.

You can spend the money in your business checking account immediately. You can access your funds by withdrawing cash, using a debit card, sending ACH or wire transfers or writing checks.

As a rule, business checking accounts should be FDIC insured up to $250,000. That means, if the bank holding your funds were to fail, the Federal Deposit Insurance Corp. would cover up to $250,000 in lost cash. Some accounts offer even more FDIC insurance coverage through Insured Cash Sweep networks.

Credit unions are similarly insured through the National Credit Union Administration (NCUA). Do not use a checking account that isn't FDIC or NCUA insured.

🤓 Nerdy Tip

Some of the accounts on our list come from financial technology companies or "neobanks," not traditional banks. Neobanks typically partner with FDIC-insured banks; the banks actually hold customers' funds while the fintech companies provide the software experience. If a neobank ever fails, you should still be able to recover your funds — but you may have to deal with frozen accounts, failed transactions or other headaches along the way. Learn more.

Who should get a business checking account?

Anyone who owns a business should have a business checking account. That includes corporations and LLCs, as well as sole proprietors and freelancers.

For LLCs, a separate small-business checking account draws a clear line between business and personal expenses, too, which can help shield your personal assets if your company is sued.

» MORE: Best business bank accounts for LLCs

Using a dedicated business bank account for your business income and expenses also helps streamline record-keeping, making it easier to file taxes and gather the financial statements you'll need to apply for business loans.

How to compare business checking accounts

Here's how to tell if a business checking account is exceptional, average or below average.

1. Fees on banking services

Common fees charged by business bank account providers include the following.

Some business checking accounts charge monthly maintenance fees of around $15. Most offer to waive this fee if you maintain a certain average balance, make a certain number of transactions each month or both. Free business checking accounts have no monthly fee.

Some small-business banks charge $2 to $3 if you use an ATM outside of the bank’s own ATM network; others don't. In most cases, you'll have to pay fees charged by the owner of any third-party ATM you use — though a handful of business banking accounts will automatically refund some or all of your ATM fees.

Dipping into the red on your business checking account can cost anywhere from $10 to $39 in overdraft or non-sufficient funds fees, sometimes multiple times per day. Some banks, including Chase, Axos and Huntington, offer a grace period on overdrafts (up to a certain amount) to give small businesses some wiggle room.

Wire transfer fees are common; most customers should expect to pay up to $15 to receive a transfer and up to $40 to send one. If your business relies on wire transfers, consider an account with Mercury or Brex, both of which charge no fees to receive or send.

ACH transfers are usually free, but they take one or two business days to complete. Expect to pay a fee for same-day ACH.

Account	Excess Transaction Fee	ATM Fees	Wire Fees	Complete Rates and Fees
American Express® Business Checking	None (unlimited transactions).	Fee-free ATMs: MoneyPass network. Out-of-network fees: None. Third-party ATM fee refunds: None.	Incoming: Free. Outgoing domestic: $25. Outgoing international: Not supported.	Visit AmEx
Axos Bank® Basic Business Checking	None (unlimited transactions).	Fee-free ATMs: Due to fee refunds, every ATM is essentially fee-free. Out-of-network fees: None. Third-party ATM fee refunds: Unlimited domestic.	Incoming: Free. Outgoing domestic: $35. Outgoing international: $45.	Visit Axos
Bank of America® Business Advantage Fundamentals™ Banking	Unlimited electronic. 200 non-electronic, then 45 cents each.	Fee-free ATMs: Bank of America. Out-of-network fees: $2.50 U.S.; $5 international. Third-party ATM fee refunds: None.	Incoming: $15. Outgoing domestic: $30. Outgoing international: $45.	Visit BOA
Bluevine Business Checking	None (unlimited transactions).	Fee-free ATMs: MoneyPass network. Out-of-network fees: $2.50. Third-party ATM fee refunds: None.	Incoming: Free. Outgoing domestic: $10. Outgoing international; $25.	Visit Bluevine
Chase Business Complete Banking®	Unlimited electronic transactions. 20 non-electronic transactions, then 40 cents each.	Fee-free ATMs: Chase network. Out-of-network fees: $3 domestic, $5 international. Third-party ATM fee refunds: None.	Incoming: Free from other Chase accounts. Otherwise, $15. Outgoing domestic: $25, or $35 if sent from a Chase branch location. Outgoing international: $40.	Visit Chase
Found Small Business Banking	None (unlimited transactions).	Fee-free ATMs: None. Found is not part of a fee-free ATM network. Out-of-network fees: None. Third-party ATM fee refunds: None.	Incoming domestic: Free. Outgoing domestic: $15. All international wires: Not supported.	Visit Found
Grasshopper Business Checking Account	None (unlimited transactions).	Fee-free ATMs: MoneyPass and SUM networks. Out-of-network fees: Not disclosed. Third-party ATM fee refunds: None.	Incoming domestic: Free. Incoming international: $5. Outgoing domestic: $10. Outgoing international: $25.	Visit Grasshopper
LendingClub Tailored Checking	None (unlimited transactions).	Fee-free ATMs: Due to fee refunds, every ATM is essentially fee-free. Out-of-network fees: None. Third-party ATM fee refunds: Unlimited domestic and international.	Incoming domestic: Free. Incoming international: Free. Outgoing domestic: $18. Outgoing international: $40.	Visit LendingClub
nbkc Business Account	None (unlimited transactions).	Fee-free ATMs: MoneyPass and NBKC networks. Out-of-network fees: None. Third-party ATM fee refunds: Up to $12 monthly.	Incoming domestic: $0. Incoming international: $45. Outgoing domestic: $5. Outgoing international: $45.	Visit NBKC
QuickBooks Money	None (unlimited transactions).	Fee-free ATMs: Four free withdrawals per month at AllPoint network. $3 each after that. Out-of-network fees: $3. Third-party ATM fee refunds: None.	Incoming: Not disclosed. Outgoing domestic: Not disclosed. Outgoing international: Not disclosed.	Visit Intuit
Relay Business Checking	None (unlimited transactions).	Fee-free ATMs: Allpoint network. Out-of-network fees: None. Third-party ATM fee refunds: None.	Incoming: None. Outgoing domestic: $5. Outgoing international: $10.	Visit Relay
Rho Business Checking	None (unlimited transactions).	Fee-free ATMs: None. Rho is not part of a fee-free ATM network. Out-of-network fees: None. Third-party ATM fee refunds: None.	Incoming: None. Outgoing domestic: Free. Outgoing international: Free.	Visit Rho
U.S. Bank U.S. Bank Silver Business Checking	125 free transactions (electronic and non-electronic). 50 cents each after that.	Fee-free ATMs: U.S. Bank ATMs. Out-of-network fees: None. Third-party ATM fee refunds: None.	Incoming domestic: $14 or $16. Incoming international: $16. Outgoing domestic: $30 or $40 if sent from a branch. Outgoing international: $75.	Visit U.S. Bank

2. Transaction and cash deposit limits

Most brick-and-mortar business checking accounts offer 100 to 500 free transactions per month and charge fees for additional ones. A monthly cash deposit limit of up to to $5,000 is typical for entry-level accounts at these financial institutions; beyond that, you'll likely pay a fee.

Online business checking accounts usually include unlimited fee-free transactions, but you'll face other limits — for instance, on how much you can deposit or transfer per day.

» MORE: What you need to open a business bank account

3. Access to cash and checks

There are a lot of ways to access the money in your business checking account: checks, ACH transfers, online bill pay and cash withdrawal (in person or via ATM). Traditional brick-and-mortar banks typically offer all of these options, though they tend to limit the number of free transactions you can make each month.

Neobanks are more likely to offer unlimited transactions, but they may not offer those other tools — for instance, they don't always issue checkbooks. Most neobank customers have fee-free access to an ATM network, but no branches.

4. Interest or cash back

Several of our top picks have annual percentage yields of 1% APY or higher. Some accounts also pay customers cash back on debit card purchases, similar to what you'd expect from a credit card.

🤓 Nerdy Tip

Want to earn more in interest? Consider a business savings account or business money market account for longer-term savings. Some business savings accounts earn more than 4% APY.

Some financial institutions also offer business bank account promotions to new customers who meet specific requirements, like maintaining a certain balance for several months after opening the account.

5. Built-in software tools and integrations

Some business checking accounts for freelancers offer built-in invoicing and bookeeping tools. Others integrate directly with gig work or e-commerce apps, like DoorDash and Etsy, or with business software tools, like QuickBooks.

Still other accounts come with payment processing built in. That can help you take customers' credit or debit card payments in person or collect online payments without relying on a third party. (When you use a point-of-sale system or payment processor to take payments, that software can deposit customers' payments into your business checking account, but it may take an extra day or two.)

Note on

American Express® Business Checking

: At Allpoint® and MoneyPass® locations in the U.S., you can withdraw cash and get balance information with no fee. Access to ATMs outside of the Allpoint® and MoneyPass® networks are subject to fees by the ATM owner and/or network. ATM withdrawal limits apply. American Express applies foreign exchange fees to withdrawals in foreign currencies. American Express does not accept ATM cash deposits into your Business Checking account at this time. Visit americanexpress.com/atm-locator to find participating ATMs in the U.S.

Last updated on October 1, 2024

Methodology

NerdWallet evaluates more than 30 business bank accounts from national, regional and online banks. Collectively, these accounts represent the largest banks by assets, internet search traffic and other factors, along with notable or emerging players in the industry.

We consider more than 20 data points for each account, scoring them on fees, perks and accessibility, among other factors. This information is gathered from each financial institution's website and company representatives. In addition, data is collected regularly and reviewed by our editorial team for consistency and accuracy.

Final star ratings are presented on a scale of one to five stars, where a one-star score represents "poor" and a five-star score represents "excellent." Learn more about how we rate business checking accounts.

Frequently Asked Questions

Technically, if your bank allows it, you can use a personal bank account for business purposes. But opening a business bank account in your company's name is almost always a better choice. Having separate accounts — and separate record-keeping — makes it easier to identify business expenses for tax deductions and pull financial records for business grants and loans. A dedicated business account can help protect your personal assets if legal action is taken against your company. And business bank accounts may come with software tools that help you run your business, like built-in invoicing.

If your credit union offers business checking accounts, then it can be a great option. Credit union business accounts typically have low or no monthly fees and higher cash deposit limits than big brick-and-mortar banks, making them a good choice for restaurants and other businesses that deal mostly in cash. Some credit unions are also community development financial institutions, which focus on lending to businesses in low-income and underserved communities — so you may be able to work with yours to get a business loan in the future. See our picks for best credit union business accounts.

To open a business checking account, you'll need to provide personal information, such as a government-issued ID and Social Security number, and details like your address and phone number. You'll also need legal business documentation, like your articles of organization or incorporation, and information like your business address and employer identification number (EIN). Here's a list of what you need to open a business bank account.

You don't need an EIN to open a business bank account if you operate a sole proprietorship or single-member LLC. Businesses organized as a partnership, multimember LLC or corporation, however, do need an EIN to open a business checking account. Here are some business accounts available to businesses without EINs.

You'll need a Social Security number and an Employer Identification Number or other legal business documentation to qualify for a business bank account. Banks generally won't check your credit. However, they may check your ChexSystems report, and may deny your application based on what they find.

You may get denied for a business bank account if you have negative marks on your ChexSystems report. A ChexSystems report lists occurrences like bounced checks, overdraft fees and forced closed accounts. Banks generally do not check your credit, however, and it's unlikely you'll be denied for a business bank account based on your credit history. Here's how you can open a business bank account despite a negative ChexSystems history.

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Best Business Checking Accounts of October 2024

Why trust NerdWallet

Our Nerdy picks for

Best Business Checking Accounts

Bluevine Business Checking

American Express® Business Checking

Grasshopper Business Checking Account

U.S. Bank Silver Business Checking

Chase Business Complete Banking®

Axos Bank® Basic Business Checking

Found Small Business Banking

Relay Business Checking

nbkc Business Account

Bank of America® Business Advantage Fundamentals™ Banking

Rho Business Checking

LendingClub Tailored Checking

QuickBooks Money

How we choose the best business checking accounts

What our star ratings mean

Which business accounts does NerdWallet rate?

Business checking accounts that didn't make our list

What is a business checking account?

Who should get a business checking account?

How to compare business checking accounts

1. Fees on banking services

2. Transaction and cash deposit limits

3. Access to cash and checks

4. Interest or cash back

5. Built-in software tools and integrations

Methodology

Frequently Asked Questions