Best online business bank accounts
- American Express® Business Checking: Best customer support.
- Axos BankBasic Business Checking: Best for ATM withdrawals.
- Bluevine Business Checking: Best overall online business checking account.
- Brex Business Account: Best for startups with travel needs.
- Chase Business Complete Banking®: Best online account from a brick-and-mortar bank.
- First Internet Bank Business Money Market Savings: Best high-yield business money market account.
- Found Small Business Banking: Best for self-employed workers.
- Grasshopper Innovator Business Checking Account: Earning interest and cash back.
- Live Oak Bank Business Savings: Best high-yield business savings account.
- Mercury Business Bank Account: Best for high-growth startups.
- nbkc Business Account: Best for simple, low-fee online banking.
- North One Standard Business Checking: Best high-yield business checking account.
- Relay Business Checking: Best for running multiple businesses.
- Rho Business Checking: Best for linked savings account with Insured Cash Sweep coverage.
Best Business Bank Accounts to Open Online
Best Business Bank Accounts to Open Online
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With $0 min. balance for APY
Requirements to qualify
at Bluevine, Deposits are FDIC Insured
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Earn 1.50% interest on account balances up to and including $250,000. Terms apply.
- Access up to $3 million in FDIC insurance with Insured Cash Sweep.
- No fees at MoneyPass ATMs.
- Account holders are assigned to a dedicated banker or customer support representative.
Cons
- No fee-free cash deposits.
- Fee for using out-of-network ATMs.
- Does not offer jointly-owned accounts.
Bluevine Business Checking
Best for Best overall online business checking account
With $0 min. balance for APY
Requirements to qualify
at Bluevine, Deposits are FDIC Insured
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Earn 1.50% interest on account balances up to and including $250,000. Terms apply.
- Access up to $3 million in FDIC insurance with Insured Cash Sweep.
- No fees at MoneyPass ATMs.
- Account holders are assigned to a dedicated banker or customer support representative.
Cons
- No fee-free cash deposits.
- Fee for using out-of-network ATMs.
- Does not offer jointly-owned accounts.
With $0 min. balance for APY
Requirements to qualify
at American Express National Bank, Member FDIC
Pros
- No monthly fees or minimum opening deposit.
- No excess transaction fees and no charge for domestic incoming wires.
- Earn 1.30% APY on balances up to $500,000.
- 24/7 customer support.
- No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
American Express® Business Checking
Best for Best customer support
With $0 min. balance for APY
Requirements to qualify
at American Express National Bank, Member FDIC
Pros
- No monthly fees or minimum opening deposit.
- No excess transaction fees and no charge for domestic incoming wires.
- Earn 1.30% APY on balances up to $500,000.
- 24/7 customer support.
- No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
Requirements to qualify
at Relay, Deposits are FDIC Insured
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Cash deposits via compatible Allpoint ATMs.
- No foreign transaction fees when you use your Relay Visa® Debit abroad.
- Free incoming wires and low outgoing wire transfer fees.
- Up to 50 debit cards.
- Account holders are assigned to a dedicated banker or customer support representative.
- Direct integration with Shopify.
Cons
- Deposited checks are held for up to 6-7 business days.
- No bill pay feature in the free plan.
Relay Business Checking
Best for Running multiple businesses
Requirements to qualify
at Relay, Deposits are FDIC Insured
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Cash deposits via compatible Allpoint ATMs.
- No foreign transaction fees when you use your Relay Visa® Debit abroad.
- Free incoming wires and low outgoing wire transfer fees.
- Up to 50 debit cards.
- Account holders are assigned to a dedicated banker or customer support representative.
- Direct integration with Shopify.
Cons
- Deposited checks are held for up to 6-7 business days.
- No bill pay feature in the free plan.
With $25,000 min. balance for APY
Requirements to qualify
at Grasshopper Bank, Member FDIC
Pros
- Unlimited 1% cash back on qualified debit card purchases.
- Earn up to 1.80% APY.
- No monthly fees, transaction fees or overdraft charges.
- Free, built-in bookkeeping and invoicing software.
- Free incoming domestic wires; low fees on other wire transfers.
Cons
- Can’t deposit cash.
- $100 minimum opening deposit.
- No weekend support.
Grasshopper Innovator Business Checking Account
Best for Earning interest and cash back
With $25,000 min. balance for APY
Requirements to qualify
at Grasshopper Bank, Member FDIC
Pros
- Unlimited 1% cash back on qualified debit card purchases.
- Earn up to 1.80% APY.
- No monthly fees, transaction fees or overdraft charges.
- Free, built-in bookkeeping and invoicing software.
- Free incoming domestic wires; low fees on other wire transfers.
Cons
- Can’t deposit cash.
- $100 minimum opening deposit.
- No weekend support.
Waived with $2,000 minimum balance
Requirements to qualify
at Chase, Member FDIC
Pros
- No minimum opening deposit.
- Unlimited fee-free electronic and debit card transactions.
- Integrated credit card processing.
- No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
- 24/7 customer support.
- No fees at 16,000 Chase ATMs and access to around 4,700 branches.
- Supports Zelle for Business.
Cons
- $15 monthly fee.
- Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
- Fee for using out-of-network ATMs.
Chase Business Complete Banking®
Best for Best online account from a brick-and-mortar bank
Waived with $2,000 minimum balance
Requirements to qualify
at Chase, Member FDIC
Pros
- No minimum opening deposit.
- Unlimited fee-free electronic and debit card transactions.
- Integrated credit card processing.
- No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
- 24/7 customer support.
- No fees at 16,000 Chase ATMs and access to around 4,700 branches.
- Supports Zelle for Business.
Cons
- $15 monthly fee.
- Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
- Fee for using out-of-network ATMs.
Requirements to qualify
at Found, Deposits are FDIC Insured
Pros
- No required monthly fee or minimum opening deposit.
- No excess transaction fees or overdraft fees; free incoming domestic wires.
- Free, built-in invoicing, bookkeeping and tax-planning features.
- Integrates with popular business and gig work apps, including Stripe, DoorDash, Uber, Etsy and PayPal.
- Account holders are assigned to a dedicated banker or customer support representative.
- Built-in payroll features for contractors.
Cons
- No weekend or after-hours phone support.
- Not available to partnerships or nonprofit organizations.
- No fee-free cash deposits.
Found Small Business Banking
Best for Self-employed workers
Requirements to qualify
at Found, Deposits are FDIC Insured
Pros
- No required monthly fee or minimum opening deposit.
- No excess transaction fees or overdraft fees; free incoming domestic wires.
- Free, built-in invoicing, bookkeeping and tax-planning features.
- Integrates with popular business and gig work apps, including Stripe, DoorDash, Uber, Etsy and PayPal.
- Account holders are assigned to a dedicated banker or customer support representative.
- Built-in payroll features for contractors.
Cons
- No weekend or after-hours phone support.
- Not available to partnerships or nonprofit organizations.
- No fee-free cash deposits.
at nbkc bank, Member FDIC
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions, no overdraft fees and free incoming domestic wires.
- Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
- Unlimited cash deposits via MoneyPass and Allpoint ATMs.
- Accept contactless payments via the NBKC app (iOS only). Fees apply.
- Unlimited debit cards.
Cons
- High fee ($45) for international wire transfers.
- Phone support only available during business hours.
- No third-party app integrations.
nbkc Business Account
Best for Simple, low-fee online banking
at nbkc bank, Member FDIC
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions, no overdraft fees and free incoming domestic wires.
- Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
- Unlimited cash deposits via MoneyPass and Allpoint ATMs.
- Accept contactless payments via the NBKC app (iOS only). Fees apply.
- Unlimited debit cards.
Cons
- High fee ($45) for international wire transfers.
- Phone support only available during business hours.
- No third-party app integrations.
Requirements to qualify
at Mercury, Deposits are FDIC Insured
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free U.S. dollar transactions; no overdraft fees.
- Free domestic and international U.S. dollar wire transfers.
- Advanced digital tools including API access to automate and customize your banking.
- Unlimited refunds on all domestic ATM fees.
Cons
- Can’t deposit cash.
- Mercury is not part of a fee-free ATM network.
Mercury Business Bank Account
Best for High-growth startups
Requirements to qualify
at Mercury, Deposits are FDIC Insured
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free U.S. dollar transactions; no overdraft fees.
- Free domestic and international U.S. dollar wire transfers.
- Advanced digital tools including API access to automate and customize your banking.
- Unlimited refunds on all domestic ATM fees.
Cons
- Can’t deposit cash.
- Mercury is not part of a fee-free ATM network.
With $0 min. balance for APY
at North One, Deposits are FDIC Insured
Pros
- No monthly fees or excess transaction fees.
- Same-day deposits from Amazon, Cash App, Square, Stripe and Venmo. Direct payments supported from a variety of other business platforms, including Etsy, Lyft, Shopify and Airbnb.
- Sub-accounts that you can use to save for specific goals.
- Direct integration with Shopify, Etsy and Amazon.
- Account holders are assigned to a dedicated banker or customer support representative.
Cons
- Low cash deposit limits ($1,500 per day, $5,000 per month). Service fee of up to $4.95 per deposit.
- No free ATM network, though North One will reimburse up to two ATM fees per month by request. ATM withdrawals limited to $2,000 per day.
- Can’t send or receive international wires.
- No weekend customer support.
- Not available to nonprofit organizations.
- No spend controls on employee debit cards.
North One Standard Business Checking
Best for High-yield business checking account
With $0 min. balance for APY
at North One, Deposits are FDIC Insured
Pros
- No monthly fees or excess transaction fees.
- Same-day deposits from Amazon, Cash App, Square, Stripe and Venmo. Direct payments supported from a variety of other business platforms, including Etsy, Lyft, Shopify and Airbnb.
- Sub-accounts that you can use to save for specific goals.
- Direct integration with Shopify, Etsy and Amazon.
- Account holders are assigned to a dedicated banker or customer support representative.
Cons
- Low cash deposit limits ($1,500 per day, $5,000 per month). Service fee of up to $4.95 per deposit.
- No free ATM network, though North One will reimburse up to two ATM fees per month by request. ATM withdrawals limited to $2,000 per day.
- Can’t send or receive international wires.
- No weekend customer support.
- Not available to nonprofit organizations.
- No spend controls on employee debit cards.
With $0.01 min. balance for APY
at Live Oak Bank, Member FDIC
Pros
- Industry-leading APY.
- Earn interest on balances of $0.01 and higher.
- No monthly fee or minimum deposit.
- Access up to $10 million in FDIC insurance with Insured Cash Sweep.
Cons
- No ATM or debit card access.
- No weekend customer support.
Live Oak Bank Business Savings
Best for High-yield business savings account
With $0.01 min. balance for APY
at Live Oak Bank, Member FDIC
Pros
- Industry-leading APY.
- Earn interest on balances of $0.01 and higher.
- No monthly fee or minimum deposit.
- Access up to $10 million in FDIC insurance with Insured Cash Sweep.
Cons
- No ATM or debit card access.
- No weekend customer support.
Requirements to qualify
at Axos Bank®, Member FDIC
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions and free incoming wires.
- Automatic refunds of all ATM fees (domestic).
- Cash deposits via Allpoint ATMs.
- Welcome bonus for new customers (terms apply).
Cons
- $25 fee for insufficient funds/uncollected funds returned.
- No third-party app integrations.
- Relatively low mobile app ratings.
Axos Bank® Basic Business Checking
Best for ATM withdrawals
Requirements to qualify
at Axos Bank®, Member FDIC
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions and free incoming wires.
- Automatic refunds of all ATM fees (domestic).
- Cash deposits via Allpoint ATMs.
- Welcome bonus for new customers (terms apply).
Cons
- $25 fee for insufficient funds/uncollected funds returned.
- No third-party app integrations.
- Relatively low mobile app ratings.
at Brex, Deposits are FDIC Insured
Pros
- No monthly fee or minimum opening deposit.
- Unlimited fee-free transactions.
- Ability to put cash in a money market fund to earn yield.
- Includes rewards-earning Brex corporate credit card.
- Free domestic and international wire transfers.
Cons
- Can't deposit or withdraw cash.
- Only available to venture-backed startups and mid-market companies.
- Not available to sole proprietors or other unincorporated businesses.
Brex Business Account
Best for Startups with travel needs
at Brex, Deposits are FDIC Insured
Pros
- No monthly fee or minimum opening deposit.
- Unlimited fee-free transactions.
- Ability to put cash in a money market fund to earn yield.
- Includes rewards-earning Brex corporate credit card.
- Free domestic and international wire transfers.
Cons
- Can't deposit or withdraw cash.
- Only available to venture-backed startups and mid-market companies.
- Not available to sole proprietors or other unincorporated businesses.
Requirements to qualify
at Rho, Deposits are FDIC Insured
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions.
- Free domestic wires, same-day ACH transfers.
- No charge for international wires (third-party fees may apply).
Cons
- No cash deposits or ATM access.
- Not available to sole proprietors.
- Long hold time for deposited checks.
Rho Business Checking
Best for Linked savings account with Insured Cash Sweep coverage
Requirements to qualify
at Rho, Deposits are FDIC Insured
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions.
- Free domestic wires, same-day ACH transfers.
- No charge for international wires (third-party fees may apply).
Cons
- No cash deposits or ATM access.
- Not available to sole proprietors.
- Long hold time for deposited checks.
First Internet Bank Business Money Market Savings
Best for High-yield business money market account
With $0 min. balance for APY
Waived with an average daily balance of $4,000
at First Internet Bank, Member FDIC
Pros
- High APY.
- No minimum balance to earn interest.
- ATM card access (sole proprietors only).
Cons
- Monthly fee.
- Minimum opening deposit ($100).
First Internet Bank Business Money Market Savings
Best for High-yield business money market account
With $0 min. balance for APY
Waived with an average daily balance of $4,000
at First Internet Bank, Member FDIC
Pros
- High APY.
- No minimum balance to earn interest.
- ATM card access (sole proprietors only).
Cons
- Monthly fee.
- Minimum opening deposit ($100).

- Called every institution’s customer service number. Since you can’t visit most online banks in person, being able to talk to someone over the phone is almost a must. I tested the phone tree speed and representative helpfulness.
- Compared maximum check deposit hold times. Online banking is meant to be more convenient for business owners. However, slow deposits are a common complaint with online-only business accounts.
- Found a list of what each institution requires to open an account. Ideally, opening an online account should be quick and easy. I started application flows to see which accounts delivered on that promise.
- Explored built-in software. Getting better tech is part of the trade-off online accounts offer, since users can't visit a local branch. I compared feature lists and reached out to financial institutions for product demos.
What I found:
- A government-issued ID for each of your owners, along with their full name, address, phone number and date of birth.
- A Social Security number for each of your owners (or an Individual Taxpayer Identification Number, if they don’t have an SSN).
- Your business’s Employer Identification Number (EIN), unless you’re a sole proprietor. (Single-member LLCs aren’t required to have EINs, but most business bank account applications I started insisted on one.)
- Proof of your business’s formation. That might include your articles of incorporation, certificate of formation, DBA, ownership agreements and/or your business license.
- A U.S. address for your business.
- Your business’s industry and size.
- Invoicing features that let you manage payable and receivable accounts. As a former freelancer, I can testify to the value of an invoicing tool that automatically sends reminders and includes a link so your client can pay on the spot, like those offered by Found and Novo.
- Zelle for Business or other built-in software for accepting customer payments. Only brick-and-mortar banks are part of the Zelle network currently, but some neobanks are beginning to build in payment processing tools. Found, for instance, lets you take tap-to-pay payments from customers’ credit cards using its mobile app.
- Expense management tools that streamline spending. These can handle tasks like employee reimbursements, debit or credit card spend controls and expense tracking. Rho, Brex and Mercury are the standouts in this category; all three platforms offer sophisticated software along with corporate credit cards. They’re best suited to mid-market companies or high-growth startups with venture funding. (Smaller business owners may want to take a look at Relay, which offers a slightly smaller suite of tools.)
- Integrations with other business tools. Most bank accounts should allow, at minimum, exporting transactions so that you can upload them into your accounting software. Others go further: Grasshopper and Lili will export your banking data automatically to QuickBooks, and Mercury allows you to add general ledger codes to your transactions.
- Sub-accounts for setting money aside. This can make it easier to manage things like payroll or save for long-term goals. For example, Bluevine users on its free plan can create up to five sub-accounts, each with its own number. A business owner could use one for payroll, one for paying monthly bills like rent and insurance and one for a rainy-day fund to support the business in slow months Some providers, like Relay, may let you transfer funds to an interest-bearing business savings account as well.
Accounts that didn't make this list (and why):
- First Internet Bank Do More Business™ Checking: 4.3 stars. This is a solid online business checking account, but it got beaten out by competitors that offer higher APYs, more software tools or sign-up bonuses.
- Novo Business Checking: 4.2 stars. Novo’s invoicing tools and e-commerce integrations might make it a good choice for freelancers. But its customer support is pretty bare-bones (email only) and it’s missing some core banking services, like the ability to send wires.
- QuickBooks Money: 4.2 stars. This account has some notable features, like high-APY built-in savings vehicles and integrated payment processing. Unfortunately, you need to look through its forums for answers to customer service questions. That gets frustrating fast, as it’s not always clear which responses come from QuickBooks staffers and which come from other users.
- Lili Basic Business Checking: 4.1 stars. Lili’s best features — like automatic tax savings, receipt capture tools and auto-generated accounting reports — come with its paid plans. Found offers a similar suite of tools for free.
- Live Oak Bank Business Essential Checking: 3.9 stars. Live Oak has a terrific business savings account, but its recently relaunched business checking account leaves a lot to be desired — better app store ratings, in particular.
- Accounts from other brick-and-mortar banks: We only included the business checking account from Chase, which is our top-rated account from a national chain. Here are our best banks for small businesses if you’d like to compare more.
NERDWALLET'S GUIDE TO ONLINE BUSINESS BANK ACCOUNTS
Online banks
- American Express.
- Axos.
- Chase.
- Grasshopper.
- Live Oak Bank.
- NBKC.
Neobanks
- Bluevine (banking services provided by Coastal Community Bank, member FDIC).
- Brex (banking services provided by Column N.A., member FDIC).
- Found (banking services provided by Piermont Bank, member FDIC).
- Mercury (banking services provided by Choice Financial Group, Column N.A., and Evolve Bank & Trust, members FDIC.)
- North One (banking services provided by The Bancorp Bank, N.A., member FDIC).
- Relay (banking services provided by Thread Bank, member FDIC).
- Rho (banking services provided by Webster Bank, N.A., member FDIC).
🤓 Nerdy Tip
It’s pretty common for businesses to use multiple banks. NerdWallet generally suggests that individuals keep their cash savings in an online high-yield savings account but day-to-day funds in an easy-to-access checking account. If your business has extra cash on hand, we recommend doing the same. Here are our best business savings accounts.Brick-and-mortar banks and credit unions
🤓 Nerdy Tip
One advantage of brick-and-mortar banks over online banks? They might offer Zelle for Business. Zelle, a free instant transfer tool, is only available if your bank is a partner. You can’t use Zelle with a linked debit or credit card the way you can with other peer-to-peer payment tools, like Venmo and Cash App. Zelle for Business’s partners include Bank of America, Chase, U.S. Bank and Wells Fargo.- Decide what’s most important to you in your business bank. Is your priority a high APY, round-the-clock customer support, generous transfer limits, great bookkeeping tools or something else? Let that guide your search.
- Figure out how you feel about neobanks. A fintech is not a better or worse banking option by default. But it’s important to decide whether you’re comfortable working with one.
- Check reviews. If you want to go beyond NerdWallet’s review, skim Reddit, TrustPilot and app store reviews for clues about customer service headaches customers might experience.
- Put together your application materials. That includes your personal ID, Social Security number, business formation documents and EIN.
- Supply a minimum opening deposit. If an account requires one, you can fund it via ACH transfer, debit or credit card, mobile check deposit or cash deposit. The bank will refund or cancel the deposit if your application is denied.
🤓 Nerdy Tip
When you fund your new business account online, avoid depositing all of your assets at once. Most business accounts place a longer hold on deposits for new accounts, and you could lose access to those funds for 7 to 10 business days. Other accounts will flag large deposits, followed by large transactions, for fraud.