hp_cta
February 2023

Best Business Checking Accounts – USA

Best Business Checking Accounts

United States US – February 2023
  • FDIC insured by US banking institutions.
  • Top checking accounts for E-commerce & SMBs.
  • Money saving with low or no fees on transactions.

Advertiser Disclosure

Top10MobileBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end. Please note: All the information displayed in this site is completely subjective. Moreover, we have broad editorial discretion as to the content we publish on the site and due to various reasons, the information you see may be incomplete and/or inaccurate. Please don’t hesitate to double-check the information we provide. It’s okay, we won’t be offended – on the contrary, we would love to hear your feedback! We’re able to offer this completely free-of-charge online resource thanks to the referral fees we receive from our partners (some of the companies listed on this site). While this may affect the location of these companies and the content we feature on the site, it’s not possible to purchase a favorable review or a position on this site.
Pricing Card Regulation Main Advantages Score Open an Account
  • Free plan
FDIC
  • 95% faster payment processing with Stripe
  • Free ACH and Wire transfers
  • Easy integration for a huge variety of 3rd-party apps
9.8

Payments

Card type
  • Business Mastercard
Domestic Transfers
  • Free ACH transfers
  • Wire Transfers
International Transfers
  • Via Wise (Transferwise)

Accounting Tools

  • Expense Management
  • Savings tools
  • Bookkeeping
  • Invoicing
  • Integrations: Slack, Xero, Stripe & more

Security Features

  • Deposits are insured up to $250,000 via Middlesex Federal Savings, Member FDIC

Account Access

mobile-icon desktop-icon
Based on 1575 reviews
  • Free plan
FDIC
  • Customers with eligible balances earn APY of 2.0%
  • Business loans are available for up to $250K
  • Up to 5 sub-accounts with a unique account no.
9.5

Payments

Account type
  • USD
Card type
  • Business debit Mastercard
Domestic transfers
  • ACH transfers
  • Incoming wire fee: $0
  • Outgoing wire fee: $15

Accounting Tools

  • Expense Management
  • Bookkeeping
  • Savings tools
  • Invoicing

Security Features

  • Deposits are FDIC insured to at least $250,000 through Coastal Community Bank.

Account Access

mobile-icon desktop-icon
Based on 7068 reviews
  • Free plan
FDIC
  • No monthly fee and no minimum balance
  • 20 free checking accounts & 50 debit cards
  • Human-powered customer support
9.1

Payments

Account Types
  • USD
Domestic Transfers
  • Free ACH Bank Transfer
  • $5 fee for sending a Wire transfer
International Transfers
  • $10 fee for sending a Wire transfer

Accounting Tools

  • Bill Pay
  • Accounts Payable Management
  • Budgeting across checking accounts
  • Secure collaboration with accountants
  • Integrations: QuickBooks, Xero, Gusto and more

Security Features

  • Deposits are FDIC insured to at least $250,000 through The Evolve Bank & Trust.

Account Access

mobile-icon desktop-icon
Based on 607 reviews
  • $15/month
FCA, FDIC
  • $15/m on checking & $5/m on savings account
  • 0.01% APY interest. $1000 min. balance required
  • 15,000+ free Chase ATMs. $3 fee out-of-network
  • International out-of-network ATM fees are $5
8.8

Payments

Card type
  • VISA card
Domestic Transfers
  • ACH transfers: Outgoing: $25+$15 per payment
  • Wire Transfers: Incoming: $15, Outgoing: $25/$35
International Transfers
  • Wire Transfers: Incoming: $15, Outgoing: $40

Accounting Tools

  • Bill Pay
  • Payment processing

Security Features

  • Member FDIC

Account Access

mobile-icon desktop-icon
Based on 1104 reviews
  • $10/month
FDIC
  • ACH transfers on the same day
  • Envelope feature for automatic finance planning
  • Deposit / withdrawal at 300,000 fee-free ATMs
8.5

Payments

Card type
  • Mastercard Business debit
Checks
  • Deposit checks from phone/web
  • Send a check via mail
Fee free
  • ACH, deposits, transfers, purchases

Accounting Tools

  • Accounting integration
  • Money management
  • Payment processing
  • Invoicing

Security Features

  • Supervised by The Bancorp Bank, Member FDIC
  • Funds insured to at least $250,000

Account Access

mobile-icon desktop-icon
Based on 116 reviews
  • $10/month
FDIC
  • A min. opening deposit of $1000 is required
  • Unlimited domestic ATM fee reimbursements
  • $5,000 min. daily balance to waive $10 monthly fee
8.2

Payments

Account Types
  • USD
Automated Payments
  • Direct debits
Domestic Transfers
  • First set of 50 checks free
International Transfers
  • Wire transfers

Accounting Tools

  • Expense management
  • Savings tools

Security Features

  • FDIC-insured financial institution
  • Fingerprints, voiceprints, and facial recognition

Account Access

mobile-icon desktop-icon
Based on 58 reviews
1
Our Top Choice
Score
9.8
  • 95% faster payment processing with Stripe
  • Free ACH and Wire transfers
2
Score
9.5
  • Customers with eligible balances earn APY of 2.0%
  • Business loans are available for up to $250K
3
Score
9.1
  • No monthly fee and no minimum balance
  • 20 free checking accounts & 50 debit cards
4
Score
8.8
  • $15/m on checking & $5/m on savings account
5
Score
8.5
  • ACH transfers on the same day
6
Score
8.2
  • A min. opening deposit of $1000 is required

What are the benefits of opening a business bank account?

It’s important to establish a financial identity for your business, whether you’re a freelancer, sole trader, partnership, or corporation. A business bank account is geared towards business activity and is intended to confer the same benefits as a personal bank account.

All parties involved (debtors, creditors, and more) will benefit from dealing with each other through business-to-business accounts for transactions, taxes, and invoices. A business bank account establishes credibility, professionalism, and trust. Also, business banks offer business accounts for those looking to receive company check payments, manage money and process transactions, and more vital features for your business.

Additionally, a business bank account makes tax reporting much convenient. By using a personal account for business expenses, income and expenses are co-mingled while business bank accounts make it easy for you to control.

What’s the best way to choose a business bank account?

Banking Features

Accordion button

Check for payment options, local and international money transfer services, corporate cards, account types and currency available as well as invoicing and bookkeeping tools.

Fees

Accordion button

It’s always nice to deal with an account that offers simple, clear-cut plans, has a low fee on transfers, payment, and withdrawal options options.

Corporate Cards

Accordion button

All business accounts include corporate cards for you and your employees. Find out how many cards are included in your chosen plan and the cost of any additional cards you might require.

Regulation

Accordion button

These banks that we review have all been approved by the regulatory bodies. The FDIC requires banks to insure their deposits of at least $250,000.

Accounting tools

Accordion button

Make sure the system has built-in expense reporting, recurring payments, and direct debits. The majority of banks also integrate seamlessly with accounting and bookkeeping software.

Account Access

Accordion button

There are some banks today that allow customers access to their accounts 24 hours a day, 7 days a week. Most providers offer mobile and desktop/web access, but some business banks offer only one or the other, so make sure your bank offers what you need.