The Best Business Bank Accounts offer no fees, easy account access and access to credit for business growth. In this post we review some of our favorite checking accounts so that you can select the one best suited to your company bank needs.
They analyzed over 30 business banking options to identify the ideal account options for all kinds of small businesses of all types and sizes. Read on to discover your ideal checking account in terms of fees, eligibility requirements, access to credit lines and rewards and perks.
Are You Searching for a Bank Account to Manage Your Business?
Why would I need a separate business bank account? – Most likely you already possess personal bank accounts for personal and household purposes; so why do I require another checking account specifically dedicated to business transactions?
Though it is possible to use your personal bank account for business, opening a separate business checking account provides some legal and financial protections unavailable when operating through personal accounts.
If you’re curious about opening a business bank account, don’t be intimidated; the process is easy and it won’t cost any extra. No excuse should stand between you and opening one!
Here is List of Best Business Bank Accounts
- Square Banking
- NOVO
- Live Oak Bank
- BlueVine Bank
- NorthOne
- Mercury
- Axos Bank
- Bank Of America Business Banking
- LendingClub
- Found Bank
- Citbank
- First Citizens Bank
- Bank of the West
- Digital Federal Credit Union
- US Bank Business Checking
15 Best Business Bank Accounts
1. Square Banking
Square Banking offers some of the top business bank accounts for entrepreneurs and small businesses, seamlessly integrated with Square’s payment processing tools for seamless financial support. Square Banking’s comprehensive solution helps small business owners meet all their banking needs efficiently. Square Banking’s business checking account does not incur monthly fees and allows unlimited transactions, making it an excellent solution for companies with fluctuating transaction volumes.
Furthermore, its user-friendly mobile app enables you to take charge of your finances even while on the move. Square Banking also offers a savings account option with an attractive interest rate to help your funds grow effortlessly. Square Banking’s focus on simplicity, transparency and affordability makes it an excellent solution for businesses seeking efficient yet cost-effective banking services.
2. NOVO (Best Business Bank Accounts)
Novo Banking stands out as an attractive solution for entrepreneurs and small businesses searching for bank accounts tailored specifically to the needs of modern businesses. Novo’s user-friendly experience offers convenient banking for modern enterprises. Novo provides cost-effective financial management with no hidden fees or monthly charges, and unlimited free transactions.
What truly sets it apart from its rivals is its seamless integration with popular business tools and accounting software platforms for easier bookkeeping and tracking of finances. Novo Banking’s mobile app is intuitive and robust, enabling businesses to easily access their accounts, make deposits, and manage expenses from anywhere with access. Their commitment to transparency makes them a prime candidate for businesses looking for an effortless banking solution.
3. Live Oak Bank
Live Oak Bank has earned a strong reputation for offering business bank accounts tailored specifically to the needs of entrepreneurs and small businesses. Live Oak Bank offers customized financial solutions tailored to various industries, with business accounts that feature competitive interest rates and reasonable fees. They provide an effortless online banking experience that allows you to efficiently manage your finances, access account details and initiate transactions from any location.
Live Oak Bank stands out with its commitment to personalized service, assigning dedicated relationship managers who help businesses meet their financial goals. Live Oak Bank offers efficient yet personalized financial solutions designed to benefit any business, be it high yield savings accounts, commercial real estate financing or any other financial service needs. Their solutions range from high yield savings accounts and commercial real estate financing through to other services which could prove essential in growing and expanding.
4. BlueVine Bank (Best Business Bank Accounts)
BlueVine Bank stands out as an exceptional choice for businesses searching for modern and fintech-driven business bank accounts. BlueVine provides business checking accounts without monthly fees or transaction limits – and offers high yield savings account options as an extra perk! Furthermore, their unique integration with business financial tools and accounting software streamlines financial management for entrepreneurs.
BlueVine Bank provides businesses with easy access to account information, transfers, and check deposits via their user-friendly mobile app. They also offer business financing lines of credit and flexible financing solutions that meet modern businesses’ financial needs with technology-driven transparency and efficiency – creating a hassle-free banking experience.
5. NorthOne
NorthOne Bank is the go-to option for entrepreneurs and small businesses in search of the ideal business bank accounts. Renowned for its ease of use and transparent fee structure, NorthOne provides modern banking experience tailored to today’s businesses – including features like unlimited transactions, accounting integrations and real-time expense tracking – making managing finances a seamless process.
Plus they have a dedicated support team available 24/7 should any inquiries arise – making this resource invaluable when managing finances while prioritizing growth and success!
6. Mercury (Best Business Bank Accounts)
Mercury Bank stands out as an outstanding choice for businesses searching for the ideal business bank accounts. Created to meet the needs of startups, tech companies, and other innovative enterprises, Mercury offers a distinctive combination of modern banking features and financial services.
At no monthly fees, their business accounts offer essential tools such as integrated expense tracking, customizable account permissions and powerful APIs to seamlessly integrate with other software applications for businesses.
Mercury Bank sets itself apart by providing an all-in-one financial platform that not only manages daily finances, but also offers valuable insights into a company’s health. Businesses can rely on Mercury Bank to efficiently meet all their banking needs so they can focus on expanding operations and meeting long-term objectives.
7. Axos Bank
Axos Bank provides some of the finest business bank accounts, tailored specifically to the needs of entrepreneurs and small businesses. Offering both checking and savings accounts for their accounts, Axos Bank provides both flexibility and convenience to its clients. These banks stand out due to their competitive interest rates and fees as well as an easy online banking platform that makes managing finances simpler for businesses.
Axos Bank offers businesses cutting-edge technological solutions, so that they can take advantage of features such as remote deposit capture, mobile banking and robust reporting tools. No matter if your business is sole proprietorship or larger. Their business banking options provide the financial tools and support necessary for successful money management and growth.
8. Bank Of America Business Banking
Bank of America Business Banking offers a selection of business bank accounts tailored to meet the varying needs of companies, from small start-ups to established enterprises. Bank of America stands out with its extensive network of branches and ATMs, making it easier for businesses to access funds or complete in-person transactions.
Business checking accounts offered by them come in various price packages to match different transaction volumes, and integrate with popular accounting software packages for easier financial management.
Bank of America also offers comprehensive cash management solutions, merchant services and credit options tailored to the needs of businesses of all sizes. Boasting cutting-edge technologies combined with personalized support services that remain unsurpassed, Bank of America Business Banking stands as a reliable banking partner for any organization seeking full-service banking support.
9. LendingClub (Top Business Bank Accounts)
LendingClub Bank stands out as an outstanding choice for businesses looking for innovative banking accounts with technology-driven features and simplified banking experiences. LendingClub Bank offers competitive interest rates and transparent fee structures with no monthly maintenance fees or minimum balance requirements for its business accounts.
What sets them apart is their user-friendly online and mobile banking platforms, giving businesses easy access to account details while managing transactions efficiently on the move.
LendingClub Bank provides comprehensive business lending solutions, including business lines of credit and term loans, which are an invaluable source for financing. Their simple yet efficient banking services make LendingClub Bank an excellent option for businesses in search of accessible banking services.
10. Found Bank
Found Bank offers some of the top business bank accounts for startups and small businesses, meeting their specific requirements. Renowned for its straightforward banking approach and no monthly fees charged; as an added perk they offer unlimited transactions. Their user-friendly mobile app and online platform make it simple for entrepreneurs to efficiently manage their finances, track expenses, and monitor cash flow in real-time.
Found Bank provides essential features such as instantaneous business funding access, expense cards for employees and integrations with accounting software that streamline financial operations. Focused on supporting early-stage businesses’ needs financially, Found Bank stands as a reliable choice for startups and small companies seeking cost-effective banking solutions that deliver results.
11. Citbank
Citibank is an industry-recognized banking name and offers one of the best business bank accounts to companies of all sizes. Citibank offers businesses a broad selection of checking and savings accounts designed to meet the financial needs of businesses of any kind, giving them flexibility and tailored solutions that can meet those demands. Citibank provides businesses with a robust suite of online and mobile banking tools, making it simple for them to efficiently manage their finances.
Furthermore, due to Citibank’s global reach businesses can access an extensive network of branches and ATMs worldwide which allows them to meet both domestic and international banking needs efficiently. Citibank offers comprehensive business banking services for any size of company – be it small businesses or multinational conglomerates. Their cash management, merchant solutions and corporate cards services help support growth and success at any scale.
12. First Citizens Bank (Top Business Bank Accounts)
First Citizens Bank offers reliable business bank accounts that cater to various business needs, with their personalized service and local presence providing them with various account solutions that meet these criteria.
They offer business checking and savings accounts at competitive interest rates and with clear fee structures. First Citizens Bank stands out by understanding the unique needs of local businesses, offering tailored financial solutions and expert advice tailored to those needs.
First Citizens Bank offers user-friendly banking platforms for managing business finances remotely from anywhere. Their business lending, treasury management and merchant solutions services make First Citizens Bank an indispensable partner that can guide businesses at each step along their financial journey.
13. Bank of the West
Bank of the West stands out as an industry leader when it comes to business bank accounts, with an emphasis on personalized service and regional presence that meet all of your business’ financial needs in Western United States. Their business checking and savings accounts offer competitive features, including no monthly fees and easy online and mobile banking access.
Bank of the West stands out as an attractive banking partner for businesses that prioritize sustainability and community involvement, making them an appealing option. Bank of the West stands out as an attractive banking partner by offering comprehensive financial solutions with regional flair, including business loans, treasury management services and merchant services.
14. Digital Federal Credit Union
Digital Federal Credit Union (DCU) offers some of the finest business bank accounts available today. Their accounts boast competitive rates and exceptional member satisfaction, including features like low fees, high yield savings options, and an expansive network of fee-free ATMs. DCU stands out from its competition by providing tailored financial services to both businesses and individual members alike, including businesses themselves.
Through user-friendly banking platforms such as online and mobile banking platforms, businesses can easily manage their accounts, make deposits, and gain access to essential tools and financial tools. DCU provides comprehensive financial solutions for businesses of all sizes. Their commitment to member education and community involvement adds further appeal, making DCU an excellent option for companies searching for customer-centric banking.
15. US Bank Business Checking
US Bank Business Checking stands out as a premier choice among businesses looking for quality business bank accounts. Offering flexible solutions tailored specifically for each size business, US Bank provides convenience for operations of all kinds.
These business checking accounts come equipped with flexible pricing plans to accommodate different transaction volumes, as well as user-friendly online and mobile banking platforms that make managing finances easily manageable on the go.
US Bank provides a wide variety of cash management, merchant services, and business credit solutions that address the diverse financial needs of businesses. Through cutting-edge technology and its vast network of branches and ATMs, US Bank Business Checking gives businesses access to tools for effective financial management and growth.
Selecting the Appropriate Business Checking Account
Selecting an ideal business checking account is a crucial decision for entrepreneurs and small business owners alike. Here are some key points to keep in mind when making this important choice:
Fees: When selecting an account, look for one with low or no monthly maintenance fees. Some banks even provide fee waivers if you maintain a certain minimum balance or meet specific transaction criteria.
Transaction Limits: Be mindful of your business’s transaction volume before selecting an account that offers enough free transactions each month to cover it without incurring excessive transaction fees.
Online and Mobile Banking: Make sure your bank offers user-friendly online and mobile banking platforms that enable you to easily check balances, make transfers and pay bills online or over mobile phones. These tools should allow for easier balance management, account transfers and bill payment.
ATM Access: Evaluate the bank’s ATM network and fee policies carefully, particularly if your business deals in cash transactions. Look for banks with a broad network of fee-free ATMs as this will provide more liquidity when dealing with cash transactions.
Overdraft Protection: When shopping around for banks, be sure to inquire whether or not they provide overdraft protection to protect yourself from costly overdraft fees.
Integration With Accounting Software: If you use accounting software, choose a bank that offers seamless integration so it will be easy to track and reconcile transactions.
Additional Services: When considering additional financial services that your business might need, such as savings accounts, merchant services, loans or lines of credit – look for banks which provide such options – the sooner your business needs them the better they will serve your needs!
Customer Support: Carefully consider a bank’s customer support capabilities and availability when issues arise. Swift and helpful assistance could prove indispensable when needed.
Business Type: Some banks offer accounts tailored specifically to specific industries or business types; explore this option if it fits with your company needs.
Location: When banking in-person is essential for your business, take note of where physical bank branches can be found.
Researching and comparing business checking account options based on these considerations will enable you to make an informed decision that meets the financial needs and goals of your business.
