Business banking is a little different from consumer banking. Our master list of the best online banks around is surprisingly short on business checking accounts with no monthly maintenance fees, minimum balance requirements, or monthly transaction limits.
Also, most business bank accounts impose transaction limits and demand hefty minimum balances to waive high monthly maintenance fees (also known as monthly service fees).
That puts microbusiness owners and solopreneurs at a distinct disadvantage. And it’s a stark contrast to the consumer banking world, where the best free consumer checking accounts cater to individuals and joint account holders who aren’t swimming in cash.
But the picture isn’t uniformly bleak. Once you know where to look, you’ll find ample small-business checking options to choose from.
Best Small-Business Checking Accounts
These are the best small business checking accounts on the market right now. Each does at least one thing really well, whether it’s eliminating most common account fees or providing an unusual array of value-added services at no additional cost.
Best Overall: Chase Business Complete Checking®
A very attractive offer awaits Chase-curious entrepreneurs new to Chase Business Complete Banking: $300 for new Chase Business Complete Checking® customers who open an account online or in-person and complete qualifying activities. This offer is valid through July 17, 2025. To qualify for this opportunity, do the following:
- Open a new Chase Business Complete Checking account by the stated offer end date.
- Deposit at least $2,000 in new money into the account within 30 days of offer enrollment.
- Maintain that balance for at least 60 days from offer enrollment.
- Complete at least five qualifying transactions, including electronic deposits and debit card purchases, within 90 days of offer enrollment.
After you complete all qualifying activities, you should receive the bonus in your account within 15 business days.
Sign Up for Chase Business Complete Checking®
Best Package Deal: U.S. Bank Business Checking Packages
U.S. Bank offers the most comprehensive business checking lineup of any bank on the market right now and is available to businesses nationwide.
Choose your ideal fit of three business checking packages:
- Business Essentials: Designed for businesses with limited transaction activity, this package offers a variety of value-added products and services to help save you time and money. $0 monthly maintenance fee; 125 free transactions per month; $0.50 fee for each additional transaction.
- Gold Business Checking Package: If your business has moderate transaction activity, this business checking account package offers more ways to save, helping you manage cash flow. $20 monthly maintenance fee, waivable; 300 free transactions per month; $0.45 fee for each additional transaction. 100 free cash deposits per statement cycle. 50% discount on first check order up to $100. Free front check image on your monthly checking account statement.
- Platinum Business Checking Package: If your business has excess cash on hand, the Platinum Business Checking Package earns interest and offers the best rewards with the convenience of consolidated accounts.
No matter which you choose, all offer great benefits like:
- $100 minimum opening deposit
- Bank in-person, online or in-app
- One of the largest ATM networks in the US
- Online and mobile banking with bill pay: Manage check, wire and ACH accounts all in one place with SinglePoint® Essentials
- Card payment processing: Accept payments in person, online and on the go
- Check fraud prevention: Minimize the risk of fraud with our PCI compliance and check fraud prevention tools
- Mobile check deposit: Save time by skipping trips to the bank and help improve cash flow
- Email and text alerts
- U.S. Bank Visa® Debit Card
Earn a $500 bonus when you open a U.S. Bank Business Essentials Account or $900 when you open a Platinum Business Checking Account online with promo code Q2AFL25 and complete qualifying activities, subject to certain terms and limitations. Offer valid through June 30, 2025. Member FDIC.
Deposit products offered by U.S. Bank National Association. Member FDIC.
Sign Up for U.S. Bank Business Checking
Best Integrated Financial Tools: Found
Need an even more powerful banking and money management app for your small business or freelance operation?
Then you need Found, a comprehensive financial suite for self-employed people. With no hidden fees and no monthly maintenance fees, Found arguably offers the best value of any small-business solution on this list.
Found’s key features include:
- Auto-categorize expenses with just a few taps to set up
- Automatically set aside the right amount for taxes using customizable controls in the app
- Pay your taxes right in the app
- Generate and send custom invoices for free
- Automatically track expenses using Found’s receipt capture and bookkeeping tools
Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted.
Best Account Yield (Interest Rate): Bluevine Business Checking
Bluevine Business Checking has no minimum balance requirements, no monthly fees, and unlimited transaction allowances for all users.
It’s also quite rare in the free business checking world for paying interest on balances: 2.00% APY on balances up to and including $100,000 when you meet your monthly activity goals. Just do one of the following:
- Spend $500 per month with your Bluevine Business Debit Mastercard®, OR
- Receive $2,500 per month in customer payments into your Bluevine Business Checking account via ACH, wire transfer, mobile check deposit, or directly from merchant payment processing provider
Bluevine Business Checking has plenty of value-added capabilities for small-business users too:
- Advanced accounts payable tools, including automated bill categorization, customizable permissions, secure approvals, and real-time reconciliation with QuickBooks Online
- Connect your Bluevine account to online accounting platforms like QuickBooks Online, Wave, and Freshbooks
- Add up to 5 subaccounts to your existing Bluevine Business Checking account
- Integrate with business revenue and spend tracking tools like PayPal, Stripe, and Expensify
- Leverage a powerful mobile banking interface that offers mobile check deposit, debit card locking and unlocking, biometric security, custom account alerts, and more
- Deposit cash at more than 90,000 Green Dot retail locations
- Pay no fees at more than 38,000 ATM locations nationwide
- Avoid NSF, overdraft, and incoming wire fees
Sign Up for Bluevine Business Checking
Business Checking FAQs
You have questions about small business banking. We have answers.
Can You Use a Business Bank Account for Personal Expenses?
Technically, yes, but it’s not a good idea. You should keep your business finances separate from your personal finances for two reasons:
- It makes business and personal budgeting much easier.
- It keeps your business activities distinct from your personal activities for both tax and legal purposes, reducing your personal financial liability for lawsuits or other claims against your business.
The best way to keep business expenses separate from personal expenses is to maintain separate accounts for each. That’s an easy lift with any of the providers on this list.
Does a Business Bank Account Build Credit for Your Business?
Usually, no. At least, not directly. Banks don’t report deposit account information to credit bureaus on a regular basis.
However, if you have a business loan or line of credit with your bank, including a business credit card, you can and will build credit for your business. It’s important to use these products responsibly by making timely payments and keeping credit line utilization low. Otherwise, your business credit score could suffer.
What Are Some Common Restrictions on Small Business Bank Accounts?
Most business bank accounts impose transaction limits and demand hefty minimum balances to waive high monthly maintenance fees (also known as monthly service fees).
That puts microbusiness owners and solopreneurs at a distinct disadvantage. And it’s a stark contrast to the consumer banking world, where the best free consumer checking accounts cater to individuals and joint account holders who aren’t swimming in cash.
Fortunately, friendlier business bank accounts are out there. You’ll find many on this list.
How Many Bank Accounts Can Your Small Business Have?
There’s no hard upper limit to the number of bank accounts your business can have.
That said, you shouldn’t open an account just for the sake of opening an account. As your bank accounts multiple, managing them gets more complicated and time-consuming. With many business bank accounts charging maintenance fees and imposing transaction limits, the costs can add up quickly too. So if your business is relatively simple, it probably needs no more than two or three accounts.
How to Choose the Best Small Business Checking Account
If you’ve read this far, you’ve probably noticed that the best small-business checking accounts have certain things in common:
- Low minimum balance requirements, if any
- No monthly service fees or easy ways to waive those fees
- High transaction limits or none at all
- Seamless mobile banking experiences
- Plenty of fringe benefits for growing businesses
- Rewards, account yields, or other incentives for use
- FDIC insurance up to the statutory maximum
The ideal business checking account for your needs should cover as many of these bases as possible. If you’re not sure where to turn, know that any of the accounts on this would be a fine addition to your enterprise’s financial portfolio.