Best Business Checking Accounts – USA
Best Business Checking Accounts
- FDIC insured by US banking institutions.
- Top checking accounts for E-commerce & SMBs.
- Money saving with low or no fees on transactions.
Advertiser disclosure
Business Bank | Pricing | Card | Regulation | Main Advantages | Score | Open an Account | |
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1
Our Top Choice
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FDIC
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9.8
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2
Best for employers
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FDIC
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9.5
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3
Best for sole proprietors
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FDIC
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9.1
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4
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FDIC
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8.8
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5
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FDIC
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8.5
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|||
6
|
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FDIC
|
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8.2
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- 95% faster payment processing with Stripe
- Free ACH and Wire transfers
- Eligible customers earn 2.0% APY up to $250k
- Business loans are available up to $250K
- All-in-one banking simplifies self-employment
- Built-in tax calculator and tax-saving tools
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.
Novo
- Apply in under 10 minutes.
- Human-powered customer service.
- Free transfers, mailed checks, and incoming wires.
- Unlimited ATM fee refunds.
- Integrates with other small business tools.
- Simple, easy-to-use mobile apps.
Bluevine
- No monthly or overdraft fees.
- Earn high-yield interest of 2% on your balance up to $250,000.
- Deposits or payments with no limit on your number of transactions.
- Easily sync with QuickBooks® online accounting software.
- Securely share access with your team using dedicated logins.
What’s the best way to choose a business bank account?
Banking Features
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
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
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
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
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
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.