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December 2022

Best Business Checking Accounts – USA

Best Business Checking Accounts

United States US – December 2022
  • Top checking accounts for E-commerce, freelancers & small businesses.
  • All services are FDIC insured by US banking institutions.
  • Save money with low or no fees on transactions.

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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 What We Like Score Open an Account
  • Plans from $15/m
  • $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
9.8
Extra Protection
VPN Internet Security
Safe Password Vault
Additional Features
Plans & Prices
Support
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Payment Methods
  • Plans from$10/m
  • Earn 1.50% APY on balances up to $100,000
  • No monthly fee for balances over $500
  • Loan size is between $400,000 to $15 million+
9.5
Extra Protection
VPN Internet Security
Safe Password Vault
Additional Features
Plans & Prices
Support
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Payment Methods
  • Plans from $10/m
  • No initial deposit or min. balance requirements
  • Unlimited domestic ATM fee reimbursements
9.1
Extra Protection
VPN Internet Security
Safe Password Vault
Additional Features
Plans & Prices
Support
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Payment Methods
  • Plans from $15/m
  • $15 per incoming domestic wire & $25 per outgoing wire
  • Unlimited digital transactions with no fees
8.8
Extra Protection
VPN Internet Security
Safe Password Vault
Additional Features
Plans & Prices
Support
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Payment Methods
  • Free plan
  • No-fee to open account, no min. balance
  • $0 Overdrafts or NSFs, no-fee for Debit Card
8.5
Extra Protection
VPN Internet Security
Safe Password Vault
Additional Features
Plans & Prices
Support
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Payment Methods
  • 3 months free
  • $10 per month
  • No commitment, no minimum balance
  • Network of 300,000+ ATMs nationwide
8.2
Extra Protection
VPN Internet Security
Safe Password Vault
Additional Features
Plans & Prices
Support
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Payment Methods
1
Score
9.8
  • $15/m on checking & $5/m on savings account
  • 0.01% APY interest. $1000 min. balance required
2
Score
9.5
  • Earn 1.50% APY on balances up to $100,000
  • No monthly fee for balances over $500
3
Score
9.1
  • No initial deposit or min. balance requirements
  • Unlimited domestic ATM fee reimbursements
4
Score
8.8
  • $15 per incoming domestic wire & $25 per outgoing wire
5
Score
8.5
  • No-fee to open account, no min. balance
6
Score
8.2
  • No commitment, no minimum balance

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

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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

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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

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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

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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

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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

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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.