Choosing the best small business checking account starts with understanding the most efficient way for your business to use it. Some businesses need to handle cash regularly, while others operate entirely online. The right account should align with how you manage payments, deposits, and daily transactions.
From there, focus on specific decision factors like monthly fees, cash deposit limits, and whether you need built-in tools such as invoicing, integrations, or tax tracking. These details will quickly narrow your options.
In this guide, I break down the best small business checking accounts based on real use cases so you can quickly find the right fit for your business.
Key takeaways
- The best small business checking account depends on how you manage money daily, including transactions, cash deposits, and whether you need a branch.
- No-fee accounts like Bluevine, Novo, and Mercury are ideal if you want to keep costs low and manage everything online.
- Traditional banks like Chase and U.S. Bank are better if you need in-person support, cash deposits, or access to lending.
- Some accounts offer specialized tools, such as Relay for team-based money management or Lili for built-in tax tracking.
- Prioritize features that match your business, such as integrations, sub-accounts, or payment tools, rather than choosing based on brand alone.
Here are my top eight picks for the best small business checking accounts with links to each provider:
Provider | Best for | Monthly fee |
|---|---|---|
Best for no-fee business checking with cash deposit access | $0 | |
Bluevine
Bluevine is a financial technology company, not a bank. Bluevine deposits are FDIC-insured through Coastal Community Bank, Member FDIC.
| Best for earning interest and managing all-in-one business banking online | $0 |
Relay
Relay is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC.
| Best for managing team spending and organizing cash flow across multiple accounts | $0 |
Mercury
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.
| Best for startups needing scalable banking and advanced financial tools | No required monthly maintenance fee |
Best for free business checking with access to a physical branch network | $0 monthly maintenance fee | |
Best for full-service banking with branch access and lending options | $15; waivable
You can waive the monthly maintenance fee by meeting one of the following requirements: •Maintain a $2,000 minimum daily balance. •Have $2,000 in net purchases on Chase InkBusiness Card. •Have $2,000 in deposits from Chase QuickAccept or other eligible Chase Payment Solutions transactions. •Link a Chase Private Client Checking account Provide qualifying proof of military status.
| |
Lili
Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC
| Best for freelancers who want built-in tax and expense tracking tools | $0 |
Novo
Novo Platform Inc. is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A., Member FDIC.
| Best for simple, no-fee banking with strong integrations | $0 |
To build this list of the best banks for ecommerce businesses, I focused on financial institutions and fintech platforms that offer the tools online sellers need to manage revenue, expenses, and business growth efficiently. My goal was to identify providers that deliver the best combination of affordability, digital functionality, ecommerce compatibility, and scalability for businesses selling products online.
Each provider was evaluated using consistent criteria that reflect how ecommerce business owners compare banking options, including the following categories:
Fees and overall value: I compared monthly maintenance fees, minimum balance requirements, transaction limits, and other account costs to determine overall affordability and long-term value.
Ecommerce integrations and compatibility: I evaluated each provider’s ability to connect with popular ecommerce platforms, payment processors, accounting software, and business tools used by online sellers.
Core banking features: I reviewed essential capabilities such as business checking accounts, APYs, cash management tools, debit cards, wire transfers, and payment services that support day-to-day operations.
Ease of use: I considered account setup, online and mobile banking experience, automation features, and how intuitive each platform is for managing business finances.
Scalability and business support: I assessed features that help businesses grow, including multiple accounts or subaccounts, team access controls, expense management tools, and access to financing when available.
Customer support: I looked at service channels, responsiveness, and the level of support available to business owners across different account tiers.
When available, I explored provider websites, product demos, and account features to better understand the user experience and how effectively each option supports the unique needs of ecommerce businesses.
I am committed to delivering expertise-led answers to your small business questions by using my first-hand experience and testing platforms or services when able.
I ensure that the best answers I provide are founded on accuracy, clarity, authority, objectivity, and accessibility. Those are aligned with the Fit Small Business Editorial Policy.
Best small business checking accounts at a glance
My rating (out of 5) | APY | New account promo* | Monthly free cash deposit limit | |
|---|---|---|---|---|
nbkc Business Account | 4.51 | N/A | None | Unlimited |
Bluevine Standard Checking | 4.34 | 1.3% APY on a Standard plan or 3.25% APY with an upgraded plan once qualifications are met | $500 with code FSM500 | Available at Green Dot locations for $4.95 and at Allpoint ATMs for $1 + 0.5% of the deposit amount |
Relay Starter Business Checking | 4.27 | 0.91% APY on linked savings accounts | None | Accepted at Allpoint ATMs and Green Dot locations; third-party fees may apply |
Mercury Business Checking | 4.24 | N/A | $300 | Cash deposits not accepted |
U.S. Bank Business Essentials® Checking | 4.22 | N/A | $400 | |
Chase Business Complete Banking® | 4.17 | N/A | Up to $500 | $5,000 monthly |
Lili Core Checking | 4.15 | 4.00% paid on a linked savings account | None | Accepted at Dot locations; third-party fees may apply |
Novo Business Checking | 3.98 | N/A | None | Cash deposits not accepted |
*New account bonuses are received once the terms of the bonus offer are satisfied — and those terms vary for each provider. See our guide to the best business bank account promotions for full promo terms and requirements. | ||||
nbkc: Best for no-fee business checking with cash deposit access
The nbkc Business Account stands out as the best small business checking account for business owners who want a truly free account without sacrificing essential banking features. With no monthly fees, no minimum balance requirements, and unlimited transactions, it is a strong option for businesses looking to keep costs low while maintaining flexibility.
Unlike many online-first accounts, nbkc also supports cash deposits through a nationwide ATM network, making it a practical choice for businesses that occasionally handle cash. Combined with ATM fee reimbursements and a simple, easy-to-use platform, it offers a balance of affordability and accessibility that works for a wide range of small businesses.
What I like
- No monthly maintenance fee or minimum balance requirement
- Large ATM network
- Unlimited cash deposits in-branch
Drawbacks
- Branches only located in Kansas and Missouri
- High fees for international wires
- Some advanced features only available with paid plans
Features
- No charge for overdrafts
- No opening deposit required
- Unlimited fee-free transactions
- ATM fee refunds up to $12 monthly
- No charge for incoming domestic wires
- No charge for stop payments
- Mobile check deposit and bill pay
- Access to invoicing and payment tools
Required opening deposit | $0 |
Required minimum balance | $0 |
Transaction limit before fees | Unlimited |
Monthly fees | $0 |
Domestic wire transfer fees |
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International wire transfer fees |
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ATM fees | No charge at nbkc ATMs with up to $12 in ATM fee reimbursements |
Cash deposited | Unlimited deposits at no charge in the branch or at an eligible ATM |
APY | N/A |
Other products available |
|
nbkc, Member FDIC. | |
Why I chose nbkc
nbkc earns the top spot because it removes many of the common barriers small businesses face, especially fees and restrictions. It offers the simplicity of a traditional account with the cost advantages of a digital-first solution, making it one of the most well-rounded options available.
Bluevine: Best for earning interest and managing all-in-one business banking online
Bluevine Standard Checking is a strong option for business owners who want to earn interest while managing their finances through a fully digital platform. It combines high-yield checking with built-in tools for payments, invoicing, and cash flow management, making it one of the most feature-rich online accounts available.
With no monthly fees, unlimited transactions, and the ability to earn interest on balances, Bluevine is designed for businesses that want to maximize value while keeping operations streamlined.
What I like
- Built-in invoicing, bill pay, and payment tools
- Multiple sub-accounts for cash management
- No monthly fee on standard account
Drawbacks
- No options for in-person banking
- Cash deposits incur a fee at third-party locations
- Some interest levels require meeting balance requirements
Features
- Checking accounts earn interest
- No minimum balance requirements
- Online and mobile banking
- Debit card with aTM access
- Integrations with accounting software
- Automations available for accounts payable tools
- Tap to pay options for in-person transactions
- Custom alerts and notifications
- Built-in fraud protections tools
- Role-based user permissions available
Required opening deposit | None |
Required minimum balance | None |
Transaction limit before fees | Unlimited |
Monthly fees | $0 |
Domestic wire transfer fees |
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International wire transfer fees |
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ATM fees | None at MoneyPass locations; $2.50 plus operator fees for non-network ATM use |
Cash deposited |
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APY |
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Other products available |
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Bluevine is a financial technology company, not a bank. Banking services provided by Coastal Community Bank, Member FDIC. | |
Why I chose Bluevine
Bluevine Standard Checking stands out because it goes beyond basic banking and offers a combination of earning potential and built-in financial tools. The ability to earn interest on balances while also managing invoicing, payments, and cash flow in one place makes it a strong choice for businesses that want more than just a checking account.
It is especially well-suited for digital-first businesses that want to streamline operations and maximize value without paying monthly fees. This balance of functionality and cost efficiency makes it one of the most competitive options available.
Relay: Best for managing team spending and organizing cash flow across multiple accounts
Relay Starter Business Checking is designed for business owners who want more control over how money moves through their business. Instead of a single account, Relay allows you to create multiple checking accounts to organize funds for different purposes, making it easier to manage cash flow and stay on top of expenses.
With built-in tools for payments, expense tracking, and team access, Relay focuses on helping businesses gain better visibility into their finances. It is especially useful for businesses with multiple employees or complex cash flow needs.
What I like
- Role-based access with customizable permissions for team members
- Strong integrations with accounting software programs
- No monthly fees or minimum balance requirements
Drawbacks
- Cash deposits require access to third-party vendors
- Limited options for business lending
- Interest not paid on Starter Business Checking
Features
- Open up to 20 individual checking accounts for fund separations
- Debit cards with spending controls
- Online and mobile banking for full account access
- Free ACH transfers and payments
- Streamlined integrations with accounting software
- Automated expense categorization
- Real-time transactions tracking
- Receipt capture available
- Detailed transactions
- Cash flow control and bookkeeping
Required opening deposit | $0 |
Required minimum balance | None |
Transaction limit before fees | Unlimited |
Monthly fees | $0 |
Domestic wire transfer fees |
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International wire transfer fees |
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ATM fees | None at Allpoint ATMs; Relay doesn’t charge out-of-network ATM fees, although third-party fees will apply |
Cash deposited | $0 through Allpoint+ ATMs and $4.95 per deposit at Green Dot retail locations |
APY | 0.91% on linked savings accounts |
Other products available |
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Relay is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. | |
Why I chose Relay
Relay Starter Business Checking stands out for how effectively it helps businesses organize and control their cash flow. Instead of relying on a single account, it allows you to structure your finances in a way that reflects how your business actually operates, which can make a big difference as transactions and expenses grow.
It is especially useful for businesses with multiple team members or complex spending needs, where visibility and control are critical. This level of organization and flexibility makes it a strong choice for businesses that want more clarity and structure in their day-to-day finances.
Mercury: Best for startups needing scalable banking and advanced financial tools
Mercury Business Checking is designed for startups and growing businesses that want a modern, tech-forward banking experience. It offers a fully digital platform with tools that go beyond basic banking, including features that support financial management, payments, and scaling operations.
With no monthly fees and a strong focus on integrations and automation, Mercury is built to support businesses that operate online and need flexibility as they grow.
What I like
- No monthly balance requirement
- No overdraft fees
- Virtual and physical debit cards available
Drawbacks
- No options for cash deposits
- Checking account does not earn interest
- No access to in-person service
Features
- Free ATM transfers
- No charge for domestic or international wires
- Integrations with QuickBooks and Xero
- Customizable card limits
- FDIC coverage up $5M
- Global currencies in 40+ currencies
- Ability to set up recurring ACH and wire transfers
- Send and track invoices through online banking
Required opening deposit | $0 |
Required minimum balance | $0 |
Transaction limit before fees | Unlimited |
Monthly fees | No required monthly maintenance fee |
Domestic wire transfer fees |
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International wire transfer fees |
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ATM fees | No charge for use within the Mercury network; third-party fees may apply |
Cash deposited | Cash deposits not accepted |
APY | N/A |
Other products available |
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Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. | |
Why I chose Mercury
Mercury Business Checking stands out for how well it supports startups and growing businesses that need more than a basic checking account. Its focus on automation, integrations, and scalable financial tools makes it a strong fit for companies that expect their needs to evolve quickly. For businesses operating in a digital-first environment, it provides the flexibility and functionality needed to manage finances efficiently as they grow.
U.S. Bank: Best for free business checking with access to a physical branch network
U.S. Bank Business Essentials® Checking is a strong option for small business owners who want the reliability of a traditional bank combined with modern payment tools. It brings together business checking and payment acceptance into one platform, making it easier to manage transactions and get paid quickly.
With no monthly maintenance fee, access to physical branches, and built-in card payment processing, it is designed to support both in-person and digital business operations.
What I like
- 24 / 7 / 365 customer support
- No minimum balance requirement
- Large ATM and branch network
Drawbacks
- Checking account does not earn interest
- Monthly transactions are limited
- Outgoing wires can be pricey
Features
- Cash forecasting tools available on online banking
- Free mobile card reader for payment collection
- Unlimited digital transactions
- Online banking includes bill pay
- Payroll services available if needed
- Cash deposits available at all branches
- Mobile check deposit and bill pay
- Free access to U.S. Bank ATMs
Required opening deposit | $25 |
Required minimum balance | $0 |
Transaction limit before fees | 25 paper transactions each month, then 50 cents per transaction; Unlimited digital transactions |
Monthly fees | $0 |
Domestic wire transfer fees |
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International wire transfer fees |
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ATM fees | No charge for in-network ATMsFees may apply for out-of-network ATMs; third-party fees may apply |
Cash deposited | |
APY | N/A |
Other products available |
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U.S. Bank National Association. Member FDIC. | |
Why I chose U.S. Bank
U.S. Bank Business Essentials® Checking stands out because it combines the reliability of a traditional bank with tools that make everyday operations easier. Built-in payment processing alongside a business checking account simplifies how businesses get paid and manage transactions, which can be especially helpful for newer or smaller operations.
It is also a strong option for business owners who want the security of branch access without paying a monthly fee. This balance of accessibility, functionality, and cost makes it a practical choice for businesses that need both in-person support and modern banking tools.
Chase: Best for full-service banking with branch access and lending options
Chase Business Complete Banking® is designed for small business owners who want a traditional banking experience with added flexibility and built-in tools. It combines everyday banking with integrated payment processing, allowing you to accept payments, manage cash flow, and access in-person support when needed.
With a large national branch network and a full suite of business services, it is a strong option for businesses that want both digital convenience and in-person banking access.
What I like
Drawbacks
- Requirements must be met to waive the monthly maintenance fee
- Paper and cash transactions have limits that incur fees
- Checking a balance does not earn interest
Features
- Built-in payment acceptance with QuickAccept℠
- Same-day access to funds from card transactions
- Integration with Zelle for business payments
- Large nationwide ATM network
- Check monitoring and fraud detection tools available with account activity notifications
- Built-in invoicing tools to create and send invoices through mobile or online banking
- Employee debit and deposit cards
- Multiple methods to send and receive payments
- 4,800+ branches for in-person banking services
- Deposits can be made at selected Chase ATMs
- Customer service available in the branch, by phone, on social media, by email, and online via chat
Why I chose Chase
Chase Business Complete Banking® stands out for offering a well-rounded, full-service banking experience that works for a wide range of small businesses. It combines the flexibility of digital banking with the reliability of in-person support, which is especially valuable for businesses that need both convenience and access to a physical branch.
It is also a strong choice for businesses that plan to grow, since it connects easily to a broader ecosystem of lending, credit, and payment services. This makes it a practical option not just for everyday banking, but for long-term financial management as your business expands.
Lili: Best for freelancers who want built-in tax and expense tracking tools
Lili Core Checking is designed specifically for freelancers and independent business owners who want a simple way to manage their finances while staying on top of taxes and expenses. It combines business checking with built-in tools that help track income, categorize spending, and prepare for tax time.
With no monthly fee on its core plan and features tailored to self-employed users, Lili is a strong option for solo business owners who want more guidance and structure without adding extra software.
What I like
- No monthly maintenance fee or minimum balance requirement
- Access to business debit with mobile wallet compatibility
- Standard ACH payments can be sent at no charge
Drawbacks
- No access to in-person banking options
- Some upgraded features require a paid checking plan
- Cash deposits are only available by paying a $4.95 fee
Features
- No charge for incoming domestic wires
- Free cash withdrawals at over 40,000 MoneyPass ATMs
- No fees assessed for overdraft items
- Mobile access to payments, alerts, and controls
- International wires can be sent in over 130 currencies
- Express ACH for same-day business transfers available
- Expedited check deposits
- Live customer support seven days a week
- High APY on a savings account
- FDIC insurance up to $3M through sweep networks
- Ability to issue multiple debit cards
- Assign roles and permissions to business owners, administrators, or accountants
Required opening deposit | $0 |
Required minimum balance | $0 |
Transaction limit before fees | Unlimited |
Monthly fees | $0 |
Domestic wire transfer fees |
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International wire transfer fees |
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ATM fees | No charge at MoneyPass network; $2.50 fee for out-of-network fees + third-party fees may apply |
Cash deposited | Available at Green Dot locations for $4.95 per deposit |
APY | Up to 4.0% paid on a linked savings account with Lili Core, Lili Pro, Lili Smart, and Lili Premium checking options |
Customer support |
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Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC. | |
Why I chose Lili
Lili Core Checking stands out because it focuses on solving one of the biggest challenges freelancers face, which is managing taxes and expenses throughout the year. Instead of relying on separate tools, it brings everything into one place, making it easier to stay organized and avoid surprises at tax time.
It is a strong fit for solo business owners who want a simple, guided approach to managing their finances without unnecessary complexity.
Novo: Best for simple, no-fee banking with strong integrations
Novo Business Checking is built for small business owners who want a straightforward, digital-first banking experience without unnecessary fees. It focuses on simplicity while offering useful integrations that help streamline payments, invoicing, and financial management.
With no monthly fees, no minimum balance requirements, and a clean, easy-to-use platform, Novo is a strong option for freelancers and small businesses that operate primarily online and want a hassle-free banking solution.
What I like
- ATM fee reimbursement up to $7 monthly
- Built-in invoicing and payment tools
- Fully digital banking experience
Drawbacks
- No options available to deposit cash
- Checking account does not earn interest
- Lending options are limited
Features
- No minimum balance requirements or monthly maintenance fees
- Integrations with most major accounting software
- Built-in invoicing and payment tools
- Mobile check deposit is available using the app
- Real-time transaction tools through online banking
- Ability to send ACH payments and checks
- No charge for incoming wires
- Secure virtual and physical debit cards
- Software discounts available with partner tools
- Budgeting tools available on the app
- AI-powered bookkeeping
Required opening deposit | $0 |
Required minimum balance | $0 |
Transaction limit before fees | Unlimited |
Monthly fees | $0 |
Domestic wire transfer fees |
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International wire transfer fees | Only available through the third-party platform Wise; fees apply |
ATM fees | Use any ATM nationwide and receive up to $7 reimbursement each statement cycle |
Cash deposited | Cash deposits not accepted |
APY | N/A |
Other products available |
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Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A. Member FDIC. | |
Why I chose Novo
Novo Business Checking stands out for its simplicity and ease of use. It is designed for business owners who want a clean, no-fee banking experience that integrates seamlessly with the tools they already use. Instead of offering complex features, it focuses on doing the basics well, which makes it a strong fit for freelancers and small businesses that want straightforward, reliable banking.
How to choose the best small business checking account
Choosing the best small business checking account starts with understanding how your business manages money day to day. The best business checking account for small business owners should align with your transaction habits, payment methods, and whether you need in-person banking or can operate fully online.
To narrow your options, focus on these key factors:
Factor | Why it matters |
|---|---|
Monthly fees | Impacts long-term cost |
Cash deposits | Critical for cash-based businesses |
Transaction limits | Avoid extra fees |
Tools & integrations | Saves time and improves workflows |
Access | Determines flexibility |
Scalability | Supports growth |
Types of business checking accounts
Not all business checking accounts are the same. Understanding the different types can help you choose the best small business checking account based on how your business operates.
Choose the type that fits your needs:
Traditional bank accounts
Best for businesses that need in-person banking
- Access to physical branches
- Easier cash deposits
- Often includes lending and credit options
Online-only business checking accounts
Best for businesses that operate fully online
- Lower fees and fewer restrictions
- No branch access
- Strong digital experience
Fintech business checking accounts
Best for startups and tech-savvy businesses
- Built-in tools like invoicing and expense tracking
- Integrations with business software
- Designed for automation and efficiency
Free business checking accounts
Best for cost-conscious small businesses
- No monthly fees
- May include transaction limits or fewer features
- Ideal for newer or smaller operations
Interest-bearing business checking accounts
Best for businesses that maintain higher balances
- Earn interest on funds
- Rates vary by provider
- Often require meeting certain conditions
Pros and cons of business checking accounts
Opening a business checking account is an important step for managing your finances, but it comes with both benefits and limitations.
Pros
- Separates business and personal finances: Keeping your business transactions separate makes accounting easier and helps maintain clear financial records.
- Improves professionalism: You can accept payments under your business name and present a more credible image to clients and vendors.
- Simplifies taxes and bookkeeping: Tracking income and expenses is more straightforward, especially when paired with accounting tools or integrations.
- Access to business tools and services: Many accounts include features like invoicing, expense tracking, and integrations, along with access to lending or credit products.
- Better financial visibility: A dedicated account helps you monitor cash flow and make more informed financial decisions.
Cons
- Monthly fees and additional charges: Some accounts include monthly maintenance fees, transaction limits, or charges for services like wires and overdrafts.
- Minimum balance requirements: Certain banks require you to maintain a minimum balance to avoid fees.
- Cash deposit limitations: Online-only accounts may limit or charge for cash deposits, which can be a drawback for some businesses.
- Account setup requirement: Opening a business account often requires documentation like an EIN, business registration, or ownership details.
Frequently asked questions (FAQs)
The best small business checking account depends on how you run your business. Some accounts stand out for low fees, while others offer features like interest, integrations, or in-person banking. I recommend choosing an account based on your transaction volume, need for cash deposits, and whether you prefer digital tools or branch access.
Yes, many checking accounts for small business offer $0 monthly maintenance fees. However, that does not always mean completely free. You may still encounter fees for services like wires, cash deposits, or excess transactions, so it is important to review the full fee schedule before opening an account.
Some business checking accounts offer interest on balances, but not all do. Online banks are more likely to provide interest or rewards, while traditional banks often focus on branch access and full-service banking. If earning interest is important, look for accounts that clearly state their APY and requirements.
Yes, opening a separate account is strongly recommended. Using a dedicated business checking account helps you track income and expenses, simplifies bookkeeping, and keeps your personal and business finances separate for tax and legal purposes.
If your business handles cash, traditional banks like Chase or U.S. Bank are usually the best option. They offer branch access and easier ways to deposit cash. Many online accounts either do not support cash deposits or rely on third-party services that may charge fees.
When choosing the best small business checking account, focus on monthly fees, transaction limits, payment options, and ease of use. I also recommend considering integrations, customer support, and whether the account can grow with your business over time.
Yes, most checking accounts for small business can be opened online in just a few minutes. Digital banks are especially streamlined, while traditional banks may require additional verification or documentation depending on your business type.
Bottom line
The best small business checking account ultimately depends on how you manage your finances and what features matter most to your business. If you want a simple, no-fee option with flexibility for everyday banking, nbkc stands out as the best overall choice.
For businesses that prefer digital tools and higher earning potential, Bluevine and Mercury offer strong online alternatives, while Relay is ideal for managing team spending and cash flow. Novo is a great fit for business owners who want a simple, no-fee account with solid integrations.
Traditional banks like U.S. Bank and Chase are still a better fit if you need in-person access, cash deposits, or plan to pursue financing. Meanwhile, Lili is well-suited for freelancers who want built-in tax tools and expense tracking.
By focusing on your needs and priorities, you can confidently choose the best business checking account for small business success.