8 Best Business Checking Accounts for LLCs in 2022
This article is part of a larger series on Business Banking.
If your business is structured as a limited liability company (LLC), it’s likely at a stage of development where finding the right business banking account is critical. The right account should have limited fees and excellent perks. While all the banks listed below are great choices, they each cover slightly different business needs. Decide which features are most important to the success of your LLC before opening a new account.
Here are the eight best business checking accounts for LLCs and what each is best for:
- Bluevine*: Best overall business checking for earning interest
- Chase: Best traditional bank with a $300 welcome bonus
- First Internet Bank: Best for LLCs wanting a full-service digital bank
- Axos Bank: Best digital bank for cash deposits and refunded ATM fees
- Bank of America: Best for ongoing rewards and low cash deposit fees
- Novo*: Best for fee-free digital banking
- Relay*: Best for LLCs with frequent wire transfers
- Capital One: Best traditional bank for free unlimited transactions
*Providers are financial technology (fintech) platforms backed by and Federal Deposit Insurance Corp. (FDIC)-insured through a supporting bank partnership.
Partnerships: Coastal Community Bank for Bluevine, Middlesex Federal Savings for Novo, and Evolve Bank & Trust for Relay. All other banks listed are member-FDIC insured.
Best Business Checking Accounts for LLCs
Monthly Fee | Transaction Fee | Annual Percentage Yield (APY) | Cash Deposit Information | ATM Fee | Minimum Opening Deposit | |
|---|---|---|---|---|---|---|
 Business Checking | None | None | 1.50% on qualifying balances up to $100,000 | $4.95/deposit (Green Dot locations) | Free (MoneyPass ATM locations nationwide) | None |
 Business Complete Banking | $15 (waivable) | First 20 free, then 40 cents/ transaction | N/A | $2.50/$1,000 after $5,000 deposit in a billing cycle | $2.50/ transaction + operator fees (non-Chase ATM) | None |
 Business Checking | None | None | 0.50% on balances of $10,000 or more | No cash deposits accepted | None; reimburses up to $10/month in ATM fees | None |
 Basic Business Checking | None | None | N/A | Accepted through MoneyPass and Allpoint ATMs | Refunds all domestic ATM fees | None |
 Fundamentals Business Checking | $16 (waivable) | First 200 free, then 45 cents/ transaction | N/A | Free up to $7,500/month; 30 cents/$100/statement cycle | Free (more than 16,000 ATMs nationwide) | $100 |
 Business Checking | None | None | N/A | None; cash is deposited through money orders | Refunds all ATM fees | None |
 Relay Standard | None | None | N/A | Cash deposits not accepted | Free (Allpoint ATM network) | None |
 Basic Business Checking | $15 (waivable) | Unlimited free transactions | N/A | Free up to $5,000/mont; $1 for every $1,000 after | Free (Capital One, MoneyPass & Allpoint ATMs) | $250 |
Bluevine: Best Overall Business Checking for Earning Interest
Bluevine
What We Like
- No monthly fee
- No transaction fees
- High interest rate for qualified account holders
What's Missing
- Fee for depositing cash
- No other business deposit accounts
- Only one debit card is issued per account
Features
- Free debit card, mailed within 10 business days of application approval
- Two free checkbook orders per year
- Integrates with QuickBooks and Xero
- Connects with business payment solutions, including Stripe, PayPal, and Expensify
- Live customer support from dedicated professionals
- Line of credit also available
Bluevine Business Checking Overview
| |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | No limit |
Automated Clearing House (ACH) Fees | None |
Teller Cash Withdrawal Fee | None |
Domestic Wire Transfer Fees | $15 for outgoing, incoming are free |
International Wire Fees | $15 for outgoing, incoming are free |
ATM Fees | Free at MoneyPass locations nationally; $2.50 plus operator fees for non-network ATM use |
Cash Deposited | $4.95 fee per transaction, available through Green Dot retail locations |
APY | 1.50% on balances of up to $100,000, once qualifications are met |
Review | |
Open an Account |
| |
|---|---|
Debit Card | Free debit card, mailed within 10 business days of application approval |
Physical Checks | Two free checkbook orders per year |
Accounting Software Integrations | Integrates with QuickBooks and Xero |
Business Payment Integrations | Connects with business payment solutions, including Stripe, PayPal, and Expensify |
Customer Service | Live customer support from dedicated professionals |
Invoicing Products | N/A |
Other Products Available | Line of credit also available |
Review | |
Open an Account |
*Bluevine is a business fintech platform backed by FDIC-insured Coastal Community Bank.
When to Choose Bluevine
- You want a high-yield business checking account
- You prefer to bank online and don’t need physical branches
- You need a business line of credit to go with your checking account
If you want to earn interest with your business checking account, Bluevine is the best business checking account for LLCs. You can earn 1.5% APY on balances up to $100,000, but to earn interest, you must meet one of the following criteria:
- Spend $500 or more a month with Bluevine Business Debit Mastercard issued by Coastal Community Bank.
- Receive $2,500 per month in customer payments into your account via ACH, wire transfer, mobile check deposit, or directly from a merchant payment processing provider.
In addition, Bluevine charges no monthly fees or transaction fees and has no minimum deposit or balance requirements. One drawback is it costs $4.95 per cash deposit, which can only be made at Green Dot retail locations.
You’ll need to have your organization’s documents ready when you apply, which can be one of the following: articles of organization, certificate of formation, or assumed name certificate. You’ll also answer other questions about your business during the application process.
Chase: Best Traditional Bank With a $300 Welcome Bonus
Chase
What We Like
- $300 bonus when you open an account
- Easy-to-waive monthly fee
- Built-in card acceptance with QuickAcceptSMvia the Chase MobileⓇ app
What's Missing
- Limited number of free transactions
- ATM fees not reimbursed
- Fee for cash deposits of more than $5,000 per statement period
Features
- Manage debit, deposit, and ATM card settings for individual employees
- Deposit checks, view account balances, pay bills, and make transfers through the mobile app
- Integrates with QuickBooks and other leading accounting software
Chase Business Complete BankingSM Checking Overview
| |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | 20, then 40 cents per transaction |
ACH Fees | $25 for first 25 items per month, 15 cents per item above 25 per month, $2.50 return fee |
Monthly Fees | $15; waivable if conditions are met |
Domestic Wire Transfer Fees | Up to $35 for outgoing wires, up to $15 for incoming wires |
International Wire Fees | Up to $50 for outgoing wires, up to $15 for incoming wires |
ATM Fees | $2.50 per transaction at any non-Chase ATM, plus ATM operator fees |
Cash Deposited | $2.50 per $1,000 after you deposit $5,000 in a billing cycle |
APY | N/A |
Review | |
Open an Account |
| |
|---|---|
Debit Card | Free debit card, mailed within 10 business days of application approval |
Physical Checks | Cost varies depending on type of checks ordered |
Accounting Software Integrations | Integrates with QuickBooks and other leading accounting software |
Business Payment Integrations | N/A; integrations available with Chase Merchant Services |
Customer Service | Live customer support online or in bank branch locations |
Invoicing Products | N/A; integrations available with Chase Merchant Services |
Other Products Available | Business savings & certificates of deposit (CD), lending products, credit cards, merchant services, and collection services |
Review | |
Open an Account |
When to Choose Chase
- You want the convenience of both branch and online banking
- You want to take advantage of merchant services
- You make frequent cash deposits with your business
If you’re looking for a traditional, brick-and-mortar bank to support your LLC, Chase is an excellent choice as it offers a full-service bank that can support your business as it grows.
It has three excellent business checking products: Business Complete Banking, Performance Business Checking, and Platinum Business Checking. Consult Chase’s downloadable PDF that has more specific information about which documents are required from LLCs.
In addition, the company also offers a variety of other business services and access to 401(k) plans through J.P. Morgan. There’s also information on its website discussing regulations in parts of the United States requiring businesses to enroll employees in a state-run individual retirement account (IRA) and how Chase can help your business comply with those laws.
For businesses that need merchant services, Chase offers those as well. You can also sign up for collection services, ACH payment services, and online account access through Chase’s access and security manager.
First Internet Bank: Best for LLCs Wanting a Full-service Digital Bank
First Internet Bank
What We Like
- Fee-free banking
- Up to $10 refund for ATM fees
- Selection of business deposit accounts
What's Missing
- APY only available with average daily balance of $10,000
- No cash deposits
- No physical branches
Features
- Small Business Administration (SBA) loans and commercial loans
- Other business bank accounts available, including savings, money markets, and CDs—ranked among the best business savings accounts
- Personal accounts
- Health savings accounts (HSAs)
First Internet Bank Business Checking Overview
| |
|---|---|
Required Opening Deposit | $100 to open |
Required Balance Minimum | None |
Transaction Limit Before Fees | No limit |
ACH Fees | None |
Monthly Fees | None |
Domestic Wire Transfer Fees | $20 for outgoing; $15 for incoming |
International Wire Fees | $50 for outgoing; $15 for incoming |
ATM Fees | None; reimburses up to $10 per month in ATM fees |
Cash Deposited | No cash deposits accepted |
APY | 0.50% on balances of $10,000 or more |
Review | |
Open an Account |
| |
|---|---|
Debit Card | Free, with first replacement card free as well ($5 for each additional replacement) |
Physical Checks | Cost varies depending on the type of checks ordered |
Accounting Software Integrations | Integrates with QuickBooks |
Business Payment Integrations | N/A |
Customer Service | Phone and email customer service available during business hours |
Invoicing Products | N/A |
Other Products Available | Business savings, business CDs, lending products |
Review | |
Open an Account |
When to Choose First Internet Bank
- You want interest-earning checking, and your average daily balance exceeds $10,000
- You want to have your business accounts and personal accounts at the same bank
- You prefer to bank online and don’t need physical branches
First Internet Bank gives you the digital-only experience of modern fintech banks combined with the full-service banking experience you expect from a traditional bank. It offers business checking and savings accounts, business CDs, and business and commercial lending products to support your LLC.
If you have an average daily balance of at least $10,000 in your business checking account, you can earn 0.50% APY. Unlike Bluevine, there’s no maximum cap on your interest earnings.
If you frequently use ATMs for your LLC, First Internet Bank is a good choice because it refunds up to $10 in ATM fees each month. One drawback is the $100 minimum opening deposit, but there’s no minimum balance requirement after the initial deposit.
Axos Bank: Best Digital Bank for Cash Deposits & Refunded ATM Fees
Axos Bank
What We Like
- No monthly fees for basic business checking
- Unlimited fee reimbursements for domestic ATMs
- Cash deposits through MoneyPass or Allpoint ATMs
What's Missing
- Fees for outgoing wire transfers after first two
- Limited number of remote deposits each month
- Fees for interest-bearing checking
Features
- Interest-earning checking account available with up to 1.01% APY on balances less than $50,000
- Business savings available, along with money market and CDs
- SBA loans available
- Mobile and Online Banking
- Workplace banking for low-fee accounts for your employees
- Cash deposits at MoneyPass or Allpoint ATMs
- All domestic ATM fees reimbursed
- 50 free checks
Axos Bank Basic Business Checking Terms & Features
| |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | None; up to 60 items per month in remote deposit anywhere |
ACH Fees | None |
Monthly Fee | None |
Domestic Wire Transfer Fees | First two domestic wires monthly are free; Otherwise incoming are free; $15 for outgoing |
International Wire Fees | Incoming are free; $50 for outgoing |
ATM Fees | Unlimited domestic ATM fee reimbursements |
Cash Deposited | Cash deposits via MoneyPass and Allpoint networks |
APY | N/A |
Open an Account |
| |
|---|---|
Debit Card | Visa debit card with enhanced Visa benefits |
Physical Checks | First set of 50 checks free |
Accounting Software Integrations | Integrates with QuickBooks |
Business Payment Integrations | N/A |
Customer Service | 24/7 customer service available at a toll-free number or by email |
Invoicing Products | N/A |
Other Products | Interest-earning checking, business savings, money market, CDs, SBA lending, mobile and online banking, workplace banking low-fee accounts for your employees |
Review | |
Open an Account |
When to Choose Axos Bank
- You want the option to choose an interest-bearing checking or savings account
- You need to make cash deposits but want a digital-only bank
- You prefer an online-only bank and don’t need physical branches
Axos Bank is another digital-only bank that offers full-service banking to support your LLC, including interest-bearing checking and savings accounts, money market, CDs, SBA lending, mobile and online banking, and workplace low-fee accounts for your employees.
It also reimburses all domestic ATM fees. You can deposit up to 60 items per month with its Remote Deposit Anywhere feature and even deposit cash through either the MoneyPass or Allpoint ATM networks.
One of the first perks you can get with Axos Bank is a welcome bonus. If your LLC was incorporated after June 1, 2020, you can earn a $200 bonus (use promo code NEWBIZ200). If your business doesn’t qualify for the new business bonus, you can still receive a $100 bonus at signup (promo code NEWAXOSBIZ).
You’ll need an operating agreement and articles of organization and all amendments to open an account as an LLC, which must be incorporated in the US.
While the company’s basic business checking doesn’t offer draw interest, its Small Business Interest Checking earns 1.01% APY on balances less than $50,000. Higher amounts also draw interest through a tiered system. That account has a monthly maintenance fee but that can be waived with an average daily balance of at least $5,000.
Bank of America: Best for Ongoing Rewards & Low Cash Deposit Fees
Bank of America
What We Like
- 200 free transactions per month
- Free digital tools to track business performance
- Ongoing rewards
What's Missing
- Cash deposit fees charged per $100 over monthly allowance
- Doesn’t offer ATM fee reimbursements
- Requires a $100 opening deposit
Features
- Deposit checks, view accounts, make transfers, and pay bills with the mobile app
- Credit card processing and payroll services through ADP
- Cash Flow Monitor®, a cash management tool, lets you connect accounting, analytics, and payroll apps to help you make business decisions
Bank of America FundamentalsTM Business Checking Overview
 | |
|---|---|
Required Opening Deposit | $100 to open |
Required Balance Minimum | None |
Transaction Limit Before Fees | 200, then 45 cents per item |
Monthly Fees | $16; waivable if conditions are met |
Domestic Wire Transfer Fees | Fee varies |
International Wire Fees | Fee varies |
ATM Fees | Free access to more than 17,000 ATMs nationwide; $2.50 per transaction on out-of-network ATMs |
Cash Deposited | Up to $7,500 per month free, then 30 cents per $100 per statement cycle |
APY | N/A |
Review | |
Open an Account |
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|---|---|
Debit Card | Free debit card |
Physical Checks | Cost varies depending on the type of checks ordered |
Accounting Software Integrations | Integrates with QuickBooks, ADP (for payroll services) and TurboTax |
Business Payment Integrations | Connects with business payment solutions, including Zelle® |
Customer Service | Phone and in-branch customer service available during business hours, or can message through social media direct messages |
Invoicing Products | Merchant services through Expensify and cash flow tools available |
Other Products Available | Business Advantage Relationship Banking, business savings, CDs, lending products, financial analysis through Merrill financial advisor |
Review | |
Open an Account |
When to Choose Bank of America
- Your business makes large cash deposits each month
- You want to earn rewards from your checking account
- You prefer the convenience of both branch and online access
Bank of America is another traditional bank that can support your LLC as it grows. It offers two different business checking accounts with monthly fees that can be waived easily. As your business needs change, you can go back and forth between the two account types.
Like other options on this list, Bank of America offers signup bonuses ranging from $100 to $500 if specific qualifications are met. What’s more, with the company’s preferred rewards for business, you can earn 25%–75% bonus rewards on credit cards and get a 5% to 20% higher interest rate on business advantage savings accounts.
It also offers various business products, including savings, CDs, and lending products, and you can access financial analysis through Merrill financial advisor. The company also provides payroll services, remote deposit, account management, and other flexible banking solutions to cover the needs of your growing LLC.
The bank’s drawbacks include limits on monthly free cash deposits and transactions.
Novo: Best for Fee-free Digital Banking
Novo
What We Like
- Zero maintenance fees
- Refunds all ATM fees
- Free unlimited transactions
What's Missing
- Unable to deposit cash directly
- Lack of savings accounts and lending products
- Noninterest drawing account
Features
- Integrates with other business tools, such as QuickBooks, Slack, Xero, Stripe, Square, PayPal, Wise, and Shopify
- Set aside funds for taxes and other large business expenses with Novo Reserves
- Deposit checks directly through the mobile app
- Online banking includes unlimited invoicing and bill pay
Novo Business Checking Overview
| |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | No limit |
ACH Fees | None |
Monthly Fee | None |
Domestic Wire Transfer Fees | None to receive; cannot send wires domestically but can send fee-free ACH transfers |
International Wire Fees | Novo partners with Wise to send international wires for a “low” fee |
ATM Fees | All fees refunded at the end of the month |
Cash Deposited | None; money orders can be purchased and deposited through the app |
APY | N/A |
Review | |
Open an Account |
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|---|---|
Debit Card | Virtual debit card available immediately, one free physical debit card per user |
Physical Checks | Paper checks can be sent straight from the app |
Accounting Software Integrations | Integrates with QuickBooks and Xero |
Business Payment Integrations | Connects with business payment solutions including Stripe, Square, PayPal, Wise, and Shopify |
Customer Service | Live customer support from dedicated professionals |
Invoicing Products | Free unlimited invoicing |
Other Products Available | No lending products available |
Review | |
Open an Account |
*Novo is a business fintech platform backed by FDIC-insured Middlesex Federal Savings.
When to Choose Novo
- You frequently use ATMs, as Novo refunds all ATM fees
- You want to integrate your digital banking with other small business tools
- You aren’t interested in an interest-bearing checking account or getting lending products from your business checking account provider
If your LLC needs the technological innovations of a fintech without the full-service banking products offered by other companies on this list, Novo is a great option. Best of all, it’s fee-free banking.
It refunds all ATM fees at the end of each month, making it an ideal choice for LLCs needing to make frequent ATM withdrawals.
Software integrations are an area where Novo shines. It has accounting software integrations with Quickbooks and Xero and business payment integrations through Stripe, Square, PayPal, Wise, and Shopify, among others.
While you cannot order checks through Novo, you can send paper checks directly from its app. You’ll also get access to a digital debit card through the app, which you can use while waiting for your physical debit card. You can also send an unlimited number of invoices for free.
Relay: Best for LLCs With Frequent Wire Transfers
Relay
What We Like
- No minimum balance or opening deposit required
- Wire transfers are very inexpensive and are free with Relay Pro
- No ATM fees charged by Relay, although third-party fees may apply out-of-network
What's Missing
- No physical locations
- No cash deposits accepted
- No lending products available
Features
- No fee, online banking and money management platform
- Open up to 20 individual business checking accounts
- Issue up to 50 Mastercard debit cards
- Send and receive ACH transfers, checks and wires
- Collect payments from PayPal, Stripe, Square and more
- Relay Pro account available, which offers same-day ACH delivery, free wire transfers, and accounts payable support
Relay Standard Business Checking Overview
| |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | None |
Monthly Fee | None |
Domestic Wire Transfer Fees | Incoming are free; $5 for outgoing |
International Wire Fees | Incoming are free, $10 for outgoing |
ATM Fees | Free at Allpoint ATMs; Relay doesn’t charge out-of-network ATM fees, although third-party fees will apply |
Cash Deposited | No cash deposits accepted |
APY | N/A |
Open an Account |
| |
|---|---|
Debit Card | Issue up to 50 Mastercard debit cards to your team |
Physical Checks | Relay users can have checks sent on their behalf for free; third-party checks not available |
Accounting Software Integrations | Integrations with Quickbooks, Xero, Plaid & Gusto |
Business Payment Integrations | Connects with business payment solutions including Stripe, Square, PayPal and more |
Customer Service | Available through email, mail & web contact form, along with directly through the app |
Invoicing Products | Available; streamlined with Relay Pro |
Other Products Available | No lending products available |
Open an Account |
*Relay is a business fintech platform backed by FDIC-insured Evolve Bank & Trust.
When to Use Relay
- Your business sends frequent wire transfers as they’re as little as $10 with Relay (and free with Relay Pro)
- You’re looking for a digital-only, fee-free banking experience
- You don’t need lending products, as Relay doesn’t offer any at this time
Another entry in the fintech space is Relay, which is an excellent choice if your LLC sends wire transfers frequently. Even at the basic checking product, Relay Standard, the most you’ll pay for wire transfers is $10. If you upgrade to Relay Pro, they’re free.
Both checking products have no monthly fees or minimum balance requirements. You can open up to 20 checking accounts and issue up to 50 Mastercard debit cards for your team.
Relay Pro costs $30 per month but comes with Accounts Payable support. This includes auto-imports from QuickBooks Online and Xero, multistep approval rules for bill payments, batch payments for bills, and one-click reconciliation of bills. You also get same-day ACH delivery and free wire transfers with Relay Pro.
There are a couple of drawbacks to Relay. It’s digital-only, so there are no physical locations to visit. It also doesn’t accept cash deposits and currently doesn’t offer lending products.
Capital One: Best Traditional Bank for Free Unlimited Transactions
Capital One
What We Like
- Unlimited transactions
- Easy ATM access
- Low or no monthly fee
What's Missing
- Requires $250 opening deposit
- Accounts cannot be opened online
- Account doesn’t earn interest
Pricing
- Pay bills, track accounts, transfer funds, and deposit checks with the mobile app
- Integrates with Xero and other top accounting software
- Free overdraft protection when linked to another small business deposit account
Capital One Basic Business Checking Overview
| |
|---|---|
Required Opening Deposit | $250 to open |
Required Balance Minimum | None |
Transaction Limit Before Fees | No limit |
Monthly Fees | $15; waivable if conditions are met |
Domestic Wire Transfer Fees | $25 per outgoing wire, $15 for incoming wire |
International Wire Fees | $40 per outgoing wire, $15 for incoming wire |
ATM Fees | Free at more than 70,000 Capital One, MoneyPass & Allpoint ATMs nationwide |
APY | N/A |
Open an Account |
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|---|---|
Debit Card | Free |
Physical Checks | Cost varies, depending on the type of checks ordered |
Accounting Software Integrations | Integrates with Xero and other top accounting software |
Business Payment Integrations | Connects with business payment solutions |
Customer Service | 24/7 support by phone or in branch locations during business hours |
Invoicing Products | N/A |
Other Products Available | Lending products, credit cards, and Unlimited Business Checking |
Open an Account |
*Capital One currently requires that you visit a branch to complete an application to open a business checking account. It has locations in Virginia, Texas, New York, New Jersey, Maryland, Louisiana, and Washington, D.C.
When to Choose Capital One
- Your LLC is located near a Capital One branch
- You need to make large cash deposits
- You don’t want to keep track of how many transactions you can make before being charged a fee
Capital One offers an outstanding banking product, which would be even better if not limited by geographic availability. You must visit a branch to open a Capital One account, which means your business must be near Virginia, Texas, New York, New Jersey, Maryland, Louisiana, or Washington, D.C, where branches are located.
Otherwise, Capital One offers an excellent banking product for your LLC. It offers free unlimited deposits, withdrawals, and transfers, not including international wires, cashier’s checks, and other services.
It has two business checking products: Basic Checking and Unlimited Checking. For Basic Checking, the $15 monthly fee is waived with just a $2,000 average daily balance over either the last 30 or 90 days. Meanwhile, Unlimited Checking includes a $35 monthly service fee, which can be waived if your average daily balance over either the last 30 or 90 days is at least $25,000.
For an LLC, you’ll need the following documents to open an account:
- One of the following: Certified Articles of Incorporation, Certificate of Formation/Registration, Certificate of Good Standing, or Signed & Dated Operating Agreement
- One of the following: IRS Form SS-4/ CP 575A, or IRS Letter 147C
In addition to the checking products, you can get savings and commercial lending products with Capital One.
How We Evaluated the Best Business Checking Accounts for LLCs
When we evaluated the best business checking accounts for LLCs, we considered the following terms and features:
- Monthly fees, and how easy they are to waive
- Minimum opening deposit and balance requirements
- ATM fees and withdrawal limits/availability
- Interest earned, if available
- Customer service availability
- Cash deposit availability and limits
- Other business products provided by the bank
- Wire transfer fees and transaction fees
- Geographic availability
- If accounts were available for businesses incorporated as an LLC
What You Need To Open a Small Business Checking Account
In addition to documents listed or linked in the sections above, there are general documents you could be required to have to open a business bank account. Here’s a general list of what you’ll need:
- Employer identification number (EIN) or Social Security number if you’re a sole proprietor
- Fictitious business name certificate or doing-business-as (DBA) certificate
- Business formation documents
- Organization documents, including your ownership agreements
- Business licenses
- Government-issued photo ID, such as a passport or driver’s license
If you have other business types besides an LLC, check out our list of the best small business checking accounts.
Bottom Line
When deciding on a business checking account for your LLC, it is essential to determine which factors are most important to your business before choosing a financial provider. Consider whether you make cash deposits or ATM withdrawals, how often you send wire transfers, whether you want to earn interest, whether you need to visit a physical location, and what other banking features you need. Once you determine what features are most important, you’ll be able to choose a business checking account that will support the growth of your LLC.
