Best Business Checking Accounts – USA
Best Business Checking Accounts
US
– March 2023
- 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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| Mobile Bank | Pricing | Card | What We Like | Score | Open an Account | ||
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1
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9.8
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2
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9.5
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3
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9.1
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4
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8.8
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5
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8.5
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6
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8.2
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Based on 1104 reviews
- 15,000+ free Chase ATMs. $3 fee out-of-network
- International out-of-network ATM fees are $5
- No additional charge for same-day deposits
- $15/m on checking & $5/m on savings account
- 0.01% APY interest. $1000 min. balance required
Based on 4341 reviews
- Loan size is between $400,000 to $15 million+
- Earn 1% cash back on Qualified Purchases
- No minimum balance for APY
- FDIC-insured up to $250,000 per depositor
- Earn 1.50% APY on balances up to $100,000
- No monthly fee for balances over $500
Based on 58 reviews
- Earn 0.20% APY
- $1,000 minimum opening deposit
- Cash deposits via MoneyPass and AllPoint
- A min. opening deposit of $1000 is required
- Unlimited domestic ATM fee reimbursements
Based on 1589 reviews
- Access a new account within a few hours
- Make up to 6 free account withdrawals
- Use Capital One ATMs for free
- Loans up to $5 million
- $15 per incoming domestic wire & $25 per outgoing wire
Based on 27 reviews
- Earn up to 3% cash back on eligible net business purchases
- 1-on-1 personalized service from expert loan officers
- $0 for incoming domestic wires from Anywhere, USA
- No-fee to open account, no min. balance
Based on 116 reviews
- Human customer support on your schedule
- Network of 300,000+ ATMs nationwide
- ACH transfers on the same day
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 buttonCheck 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 buttonIt’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 buttonAll 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 buttonThese 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 buttonMake 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 buttonThere 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.