Bluevine Review

Introduction

Bluevine is an innovative fintech company that provides simple, transparent banking solutions to small businesses, including Business Checking, Line of Credit, and Bill Pay. Although it’s not a bank, all Bluevine deposits are FDIC insured up to $3M through Coastal Community Bank, Member FDIC and their program banks. Thousands of businesses have chosen Bluevine’s services over traditional banks – allowing them to access more than delivered $14+ billion in funding to over 500,000 businesses across the U.S., with no signs of slowing down! Their commitment to providing cutting-edge services is unwavering; even now with no end in sight for its growth.

Small businesses in all stages can benefit from Bluevine’s services. This innovative platform has something to offer everyone.

The company has four offices across the United States, in Redwood City, CA; Holladay, UT; Austin, TX; and Jersey City, NJ. Bluevine offers Business Checking, a Line of Credit, and Bill Pay. It is easy to get in touch with support through the help center, with FAQs, telephone (Monday through Friday), email, or chat.

Debit Card

Languages

• EN

Plans

• Free Account

Rating

Banking Features

Business Checking Services

Bluevine provides superior banking options with its business checking services, featuring $0 monthly fees and 2.0% interest for eligible customers on balances up to and including $250,000! Professional live support is available for clients wanting extra guidance – plus no hidden or NSF fees! That’s why Bluevine stands out from the crowd. 37,000+ MoneyPass locations nationwide offer $0 ATM fees and two free checkbooks a year for funded accounts. Easily pay vendors, suppliers, and creditors with bank wires, checks, standard ACH, or same-day ACH, while transferring funds between accounts, and setting up recurring payments is made straightforwardly through their scheduling feature. Your Bluevine deposits are FDIC insured up to $3M through Coastal Community Bank, Member FDIC and their program banks.

Business Management

Bluevine provides fast and easy operations that give clients full control over their accounts. Through the app, clients can view balances quickly, deposit checks electronically with ease, and transfer funds seamlessly. Team leaders can set up sub-accounts with unique sign-in credentials and designate permissions to different team members. They can also set up payment approvals, which allows team members to submit payments for admin approval before being sent to the payee.

Business Lines of Credit

Bluevine provides access to revolving lines of credit up to $250,000 and approval can be granted within a matter of minutes when all necessary information is provided. Achieving financial freedom has never been easier: applications don’t affect your credit score, while repayment cycles let you request more capital as soon as one balance is paid off! Minimum qualification to apply include a FICO minimum score of 625+, 24+ months in operation, and monthly revenue exceeding 40,000.

Bill Pay Options

Bluevine’s Bill Pay options provide an effortless way to pay your bills online. Whereas most bill payment services require monthly fees, Bluevine offers a solution with no extra cost and a quick setup. Access over 40,000 registered vendors or add custom ones from the user dashboard – all payments are made securely using a check, credit card, Bank Wire transfer, free standard ACH, or $10 same-day ACH.

Also, you can send payments in 15 currencies to 32 countries outside the U.S. For international payments in USD, the fee is $25 – while international payments in foreign currencies have a fee of $25 + 1.5% of base payment amount (as converted to USD).

Furthermore, you can easily forward bills directly to their Bluevine dashboard, set up recurring payments, and route payments for review with approval workflows.

Bluevine Business Debit Card

The Bluevine Business Debit Mastercard makes it easy for clients to access and control their funds wherever Mastercard is accepted. Users can activate their cards via their online dashboard, the Bluevine mobile app, or over the phone, then deposit check through the app or add cash at 37,000+ MoneyPass locations nationwide via Green Dot®. Crystal-clear security protocols are in place on every transaction for ultimate peace of mind with every transaction processed within this highly secure system.

Account Access

Account Access provides customers with an effortless way to control who has access to their business account functions. Users can manage multiple levels of access all in one place and see exactly which individuals have permission for what tasks, including an accountant role that empowers accountants to access the information they need from a dedicated login.

QuickBooks Online Integration

Bluevine’s QuickBooks Online integration allows customers to quickly and securely sync bills, payees, transactions, payments, balances, and schedules across their Bluevine and QuickBooks Online accounts.

Security

Bluevine deposits are guaranteed safe and secure with FDIC insurance up to $3M through Coastal Community Bank, Member FDIC and their program banks. Your accounts and sub-accounts are secured by two-factor authentication and SSL/AES encryption. Professional live support for all services is available Monday through Friday.

Plans & Pricing

Bluevine offers unbeatable pricing:

• No monthly fees
• Eligible customers receive 2.0% interest on balances up to and including $250k
• 2 complimentary checkbooks each year for funded accounts
• Unlimited monthly transactions (However, all accounts are subject to the aggregated monthly deposit and withdrawal amount limits)
• No fees for overdrafts or insufficient funds
• Free incoming wires, $15 outgoing wire fee
• Free in-network ATM fee, $2.50 out-of-network ATM fee
• $4.95 fee per cash deposit fee
• Bill pay with credit card transaction fees amount to 2.9%
• $30 replacement debit card fee for express shipping

Open a Bluevine Business Checking Account

The Bluevine Business Checking account application process requires the following information:

• Email Address
• First Name and Last Name
• The type of business (Corporation, General Partnership, LLC, LLP, Limited Partnership, or Sole Proprietorship)
• Telephone Number
• A Secure Password
• Acceptance of the T&C and the Privacy Policy at Bluevine

Once you provide this basic information, you will be required to provide additional information on your business:

• Business name
• Trading name
• Business address
• Work telephone number
• Annual revenue
• The industry you operate in
• Tax ID or EIN (employer identification number)
• Specific biographic information about yourself including SSN, ID, DOB, address, business ownership interests, driver’s license, etc.

Requirements for a Bluevine Line of Credit

As part of the eligibility and qualifications for Bluevine lines of credit, you must be a business in operation for at least 24 months, with $40,000 in monthly revenue, and have a personal FICO score of at least 625.

1/

5/5

By R.A.

The application process was quick and simple. Daniel did a great job of following up and moving the review process along. He explained the lending process and repayment with an easy-to-follow scenario. Thank you!

5/5

By anthony nguyen

Wow. very, very, fast process. I got approve only 1 days and it on the weekend! On early Monday the money already in my business bank account. INCREDIBLE!

4/5

By Charles

I’ve been using BlueVine business checking for my company for about 3 weeks now and don’t have any major complaints. I ordered checks and they showed up in about a week. Everything has worked out OK so far with the website and mobile app: transfers, mobile deposits, using the debit card, writing checks and linking to my personal account. My only gripe is mobile deposits are limited to $50,000 per month so now I need a second bank. I requested an increase on the limit and their reply was basically “maybe in the future”

5/5

By Jayson Collier

Easiest lending experience I’ve ever had. Started us off with a modest credit line and quickly increased it with responsible management. Reasonable cost of capital when you compare it to the time that would otherwise be spent haggling with traditional banks…often to just receive a long, slow, drawn out…no!

Conclusion

Bluevine is an impressive Business Banking Solution for clients to consider. Bluevine Business Checking and Line of Credit offer remarkable savings opportunities to small businesses, with an interest rate up to 30x greater than the standard U.S. banking rates. Additionally, you’ll have access to tens of thousands of ATMs nationwide and a Bluevine Business Debit Mastercard, making this company not only worthwhile but convenient as well.