Best Small Business Checking Accounts 2025

Editor’s note: This is a recurring post with regularly updated account details.

The best small business checking accounts should have low or no monthly fees, minimal transaction fees (for deposits, withdrawals, ACH, wires, and ATMs), and be accessible through a reliable online platform with a mobile app. They should also offer strong business support, including lending, merchant services, and interest-earning accounts, whether provided by a traditional bank or a financial technology company (fintech).

Here are my 10 picks for the best small business checking accounts, with links directly to the provider:

• U.S. Bank Member Federal Deposit Insurance Corp. (FDIC) : Best overall for free checking and businesses with low transaction volumes
• Chase Member FDIC : Best for full-service small business banking tools and premium checking
• Bluevine Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Coastal Community Bank. : Best fintech for interest-earning account with best line of credit
• Novo Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Middlesex Federal Savings. : Best digital-only provider for rapid access to funds and faster payments
• Mercury Mercury is a fintech company, not an FDIC-insured bank. Deposits in checking and savings accounts are held by our banking services partners, Choice Financial Group and Evolve Bank & Trust^®; Members FDIC. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through insurance to apply. : Best for tech companies, startups, and businesses needing additional FDIC insurance Mercury is a fintech company, not an FDIC-insured bank. Deposits in checking and savings accounts are held by our banking services partners, Choice Financial Group and Evolve Bank & Trust ^®; Members FDIC. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through insurance to apply.
• Grasshopper Member FDIC : Best digital-only bank for higher yield and integrated free payment software
• Found Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Piermont Bank. : Best digital-only provider for self-employed professionals
• CapitalOne Member FDIC. This provider is geographically limited. Capital One currently requires that you visit a branch to complete an application to open a business checking account. There are branch locations in Virginia, Texas, New York, New Jersey, Maryland, Louisiana, and Washington, D.C. : Best for unlimited everyday transactions
• Lili Provider is a fintech platform backed by and FDIC-insured by a supporting bank partnership with Sunrise Banks, N.A. : Best for AI-powered bookkeeping and tax preparation
• North One Provider is a fintech platform backed by and FDIC-insured by a supporting bank partnership with The Bancorp Bank, N.A. : Best for multiple software integrations and budget system

Best small business checking accounts at a glance

U.S. Bank: best overall for free checking and businesses with low transaction volumes

When to choose U.S. Bank’s Silver Business Checking

U.S. Bank’s Business Essentials Checking offers no monthly fees, a welcome bonus, check fraud prevention, and overdraft protection.

• You seek a business checking account with no monthly fees: U.S. Bank Business Essentials Checking stands out as a top business checking account due to no monthly fees, ranking number one in the best free business checking accounts on the market.
• You want to earn a welcome bonus:You can earn a $500 bonus when you open a Business Essentials Checking  account online (promo code: Q2AFL25) between April 3, 2025, and June 30, 2025. To qualify, deposit at least $5,000 in new money within 30 days and maintain this balance until day 60. You will also need to complete five qualifying transactions within 60 days. Other terms apply. Offer valid through June 30, 2025. Member FDIC. For details on how to qualify, see our article on the best bank account promos and offers.
• You want robust business banking services: U.S. Bank offers check fraud prevention, overdraft protection, remote deposit capture, payroll services, and point-of-sale (POS) solutions to protect and streamline your business banking.

When to consider an alternative

• You need access to a branch outside of U.S. Bank’s operational footprint: U.S. Bank is a top choice for opening a small business account, but its branch access might be limited, as it operates in only 26 states. If in-person access is crucial for your business, consider Chase, which offers more extensive branch networks nationwide.

Chase: Best for full-service small business banking tools and premium checking

When to choose Chase Business Complete Checking^®

Chase offers a variety of banking services, a cash back bonus, and access to nationwide branches.

• You want a bank that offers a full suite of banking services: Chase, one of our leading banks for small businesses, provides a full-service business banking experience with three different types of business checking accounts, business savings accounts, credit cards, lines of credit, and point-of-sale (POS) and software solutions. See our review of Chase’s business checking accounts to compare them side-by-side.
• You want a cash back bonus for a new account: If you open a Business Complete Checking^® account, you can qualify for a bonus of up to $500 as long as you meet other qualifying actions.
• You prefer the option of in-person banking, especially for businesses on the go: With more than 4,700 branches in 48 states and over 16,000 ATMs, Chase is a great choice for all businesses, but especially for business owners who travel frequently. That’s why Chase is one of our top banks for trucking businesses.

When to consider an alternative

• You want a bank account without monthly fees: Chase allows you to waive your monthly fees, but if you want a bank that doesn’t charge them, U.S. Bank is a great option for a traditional bank, and Bluevine is a great online fintech.

Bluevine: best fintech for interest-earning account with best line of credit

When to choose Bluevine Standard Checking

Bluevine provides interest-bearing accounts, excellent lines of credit, and fast international payments.

• You want an interest-earning checking account: Earn up to 1.5% APY on balances up to $250,000 with Bluevine by spending $500 on your debit card or receiving $2,500 in monthly deposits via ACH, wire transfer, mobile check deposit, or a merchant payment processing provider. This makes Bluevine a top choice for self-employed individuals and freelancers seeking passive income. This is why Bluevine is our leading bank for self-employed professionals.
• You need a line of credit: Bluevine is our top-recommended small business line of credit. Interest earnings combined with the ability to get a line of credit from the same fintech is one of the reasons Bluevine is our overall best bank for small business loans and top business bank accounts for LLCs.
• You need to send international payments: Bluevine allows international payments to 32 countries in 15 currencies, earning it a spot on our roundup of best banks for international businesses. Payments are sent directly from your Bluevine dashboard and can arrive in as fast as 24 hours.

When to consider an alternative

• You need to make cash deposits regularly or withdraw cash out-of-network: Bluevine charges fees when depositing cash or withdrawing cash out-of-network. Cash deposits cost $4.95 at over 90,000 Green Dot retail locations or $1 plus 0.5% of the deposit at Allpoint+ ATMs. Non-network ATM withdrawals incur a $2.50 fee plus any third-party charges.

Novo: best digital-only provider for rapid access to funds and faster payments

When to choose Novo Business Checking

Novo features Novo Boost for fast payouts, Express ACH for same-day transactions, and a business checking account with minimal fees.

• You use Stripe and want faster access to your funds: If you accept payments from popular online payment processors, Novo Boost lets you receive payments faster than other providers. Users can connect to Stripe and get paid via card, Apple Pay, Google Pay, PayPal, or Venmo.
• You need to send or receive same-day ACH payments: Novo offers Express ACH, which enables you to accept or send same-day ACH payments. The combination of Novo Boost and Express ACH gives you access to your money faster than other digital-only providers and makes Novo our top bank for ecommerce businesses.
• You want a mostly fee-free online bank account: Novo’s business checking has no monthly fee, nonsufficient funds (NSF) fees, transaction limits, minimum opening deposit, or minimum balance requirements. In addition, if your business often makes ATM withdrawals, Novo refunds ATM fees up to $7 monthly.

When to choose an alternative

• You want to earn interest on your business funds: While Novo offers a great business checking product, it doesn’t provide interest-bearing accounts. For interest-bearing options, consider Bluevine, Grasshopper, or North One for checking.

Mercury: best for tech companies, startups, and businesses needing additional FDIC insurance

When to choose Mercury Business Checking

Mercury is ideal for tech companies and startups with large funds, offering a high-yield Treasury Mercury Treasury, by Mercury Advisory, LLC, an SEC-registered investment advisor. Registration with the SEC does not imply a certain level of skill or training. SEC registration does not mean the SEC has approved of the services of the investment adviser.  product, up to $5 million in FDIC insurance, debit cards, and extensive ATM access.

• You’re a tech company or startup with large balances: With Mercury Treasury, which lets you earn interest on balances over $500,000, Mercury is one of our leading banks for startups and tech companies. And thanks to its Treasury product, it also secures a spot on our list of the best business savings accounts.
• You want additional FDIC Insurance: Mercury Vault uses partner banks and a sweep network to extend your FDIC insurance up to $5 million. Extra insurance is critical, especially if you are looking for crypto-friendly business bank accounts.
• You need multiple debit cards with a large ATM network for cash withdrawals: Mercury offers both physical and virtual debit cards, with access to 55,000 Allpoint ATMs for free withdrawals. While Mercury doesn’t charge for out-of-network ATM withdrawals, third-party operator fees may apply.

When to choose an alternative

• You are a sole proprietor or a trust: While most businesses incorporated in the US are eligible for an account, Mercury is unavailable to sole proprietorships and trusts. Chase is a great option for a traditional bank for those types of businesses, while Found is an excellent option for a fintech.

Grasshopper: best digital-only bank for higher yield and integrated free payment software

When to choose Grasshopper’s Innovator Business Checking

Grasshopper offers an uncapped APY, cash back rewards on debit card use, and free payment software, Autobooks.

• You want to earn interest: Grasshopper offers up to 1.80% APY uncapped. Balances under $25,000 or over $250,000 earn 1.00% APY, while balances from $25,000 to $250,000 earn 1.80%. To qualify, you must maintain a minimum average balance of $10,000 with no NSF items during the past 12 months. Due to its strong rates, Grasshopper is featured in our best banks for real estate investors.
• You are looking for cash back rewards on online and in-store debit card purchases: Grasshopper’s debit card earns 1% cash back on all online and in-store debit card purchases.
• You want digital-only banking with great integrations: Grasshopper is an online-only financial institution with excellent software integrations, including free payment software Autobooks. This is why it’s featured on our list of the best online business banks for small business checking.

When to choose an alternative

• You need to deposit cash: Grasshopper offers one of the best business checking accounts for small businesses, but it doesn’t support cash deposits. If cash deposits are important, consider Bluevine, Lili, or North One, or opt for a traditional bank like Chase, U.S. Bank, or Bank of America.

Found: best digital-only provider for self-employed professionals

When to choose Found Business Checking

Found provides expense tracking, contractor management, and integrated tax preparation software for self-employed professionals.

• You’re a freelancer looking for detailed expense tracking with integrated bookkeeping: Found offers detailed expense tracking, receipt capture, and custom rules within its app. It also provides unlimited free invoicing, customizable with your company logo and colors, and lets you accept invoice payments via Cash App, PayPal, Square, Venmo, and eBay. This makes Found our best bank for sole proprietorships.
• You’re a business owner looking for contractor management: With built-in contractor management, Found allows you to request and manage W-9s, 1099 payment reports, 1099-NECs, and more.
• You’re a self-employed professional seeking tax help: Found offers fee-free business checking with no transaction limits, plus robust tax tracking and preparation tools. You can file your Schedule C and pay your tax bill directly from the app. This is also among the reasons Found is included in our roundup of the best business bank accounts integrated with QuickBooks.

When to choose an alternative

• You want to earn interest without upgrading to a paid account: Found offers an interest-bearing checking account with its Found Plus plan, which costs $19.99 monthly or $149.99 yearly. Found Plus earns 1.5% APY on balances up to $20,000. However, Bluevine, Grasshopper, and North One offer fee-free interest-earning checking accounts.

Capital One: best for unlimited everyday transactions

When to choose Capital One Basic Checking

Capital One features unlimited free daily transactions, an easy-to-waive monthly fee for a basic checking account, and a wide range of business credit cards.

• You want a traditional bank with unlimited free everyday transactions: Capital One stands out among brick-and-mortar banks by offering fee-free everyday transactions, making it one of the best checking accounts for business. You get unlimited deposits, withdrawals, and transfers, excluding international wires and cashier’s checks.
• You want a business bank account with an easily waivable monthly fee: The monthly fee of $15 is easily waivable. You need a 30- or 90-day balance average of $2,000 to waive the fee.
• You need business credit cards: Capital One has a great selection of business credit cards. Check out our buyer’s guide to the best Capital One business credit cards to find one that best fits your business needs.

When to choose an alternative

• You require in-person banking: The bank only has branches in Virginia, Texas, New York, Illinois, Massachusetts, Atlanta, California, and Pennsylvania. If you aren’t near a branch, Chase and U.S. Bank are great alternatives.

Lili: best for AI-powered bookkeeping and tax preparation

When to choose Lili

Lili is perfect for self-employed professionals seeking smart bookkeeping, tax preparation, and cash back rewards through subscription plans.

• You’re a self-employed professional seeking tax preparation tools: Lili made it to our list of best bank accounts for self-employed professionals. The Lili Premium plan helps you set aside tax savings, sort transactions into tax categories, access pre-filled tax forms (Schedule C, Form 1065, and Form 1120-S), and download business expense reports quarterly or annually.
• You want efficient bookkeeping automation: With Lili AI, categorizing transactions is instant when you use your debit card. This streamlines your bookkeeping process.
• You prefer to earn cash back rewards: Subscribing to paid plans allows Lili users to earn cash back benefits by using the card.

When to choose an alternative

• You want physical checkbooks: Lili does not offer physical checkbooks but provides a $3 per check mail-a-check service. If you need a more cost-effective option for physical checks, consider traditional banks like Chase, U.S. Bank, or Capital One, which offer checkbooks with their business accounts.

North One: best for multiple software integrations and budget system

When to choose North One Standard

North One offers numerous integrations, a budgeting tool, and lending options for small businesses.

• You want to maximize software integrations: With around 60 integrations, including QuickBooks, Expensify, Gusto, PayPal, and Shopify, North One syncs seamlessly with your business tools to streamline operations.
• You need a budget system: North One’s Envelopes feature makes it one of the best bank accounts for small businesses. It helps you allocate funds automatically for fixed expenses like rent, taxes, payroll, utilities, and insurance.
• You want access to financing: North One offers business lines of credit and term loans up to $250,000 with potential same-day funding via a quick online application, and your credit score remains unaffected.

When to choose an alternative

• You want free cash deposits: North One reimburses one cash deposit fee for Standard users and three for Plus users, but Green Dot retail locations can charge $4.95 per deposit. Consider Chase or Capital One, which allow up to $5,000 in monthly cash deposits with no fees.

How I evaluated the best business checking accounts

To create the list of the 10 best small business checking accounts, I evaluated factors like fee structure, interest offer, balance requirements, ATM fees, and online banking features, including business tool integrations. I also considered the availability of additional financial products, such as lending options, to ensure each provider offers comprehensive support for small businesses.

Reasons to consider a business checking account

• Keeps business and personal finances separate: To maintain the accuracy of your business’s financial records, it’s essential to keep your business and personal finances separate.
• Helps build your business credit: When you open a business bank account, credit bureaus begin tracking your business’s credit history.
• Allows easy assessment of your business performance: With your income and expenses running through a dedicated account, it becomes easier to analyze your business’s performance.
• Lends credibility to your business: Customers will see your business as more trustworthy when payments come from a business account.
• Simplifies tax season: Using a business checking account helps maintain a record of income and expenses, simplifying your tax preparation at the end of the year.
• Helps build a banking relationship: It can be beneficial if you need business financing in the future.

What to consider when choosing the best business checking account

While I used my own criteria to select the best small business checking accounts for this list, here are some things you should review before making a selection:

• Eligibility criteria: Some accounts are limited by business organization type or location. Confirm with the provider if your business type can open an account.
• Fee structure: Some accounts are fee-free, while others have waivable fees and limited free transactions monthly. Consider whether you can meet the criteria to waive any fees and if the costs are offset by interest earnings.
• Physical branches: If your business handles cash or requires in-person visits, choose a bank with nearby branches.
• Online account opening: Some businesses can open accounts online, while others, like LLCs or corporations, may need to visit a branch for account opening. Check with the bank.
• Customer reviews: Our individual bank reviews include a customer review section, which covers both business and personal accounts. Be sure to focus on those relevant to your business.

What you need to open a small business checking account

Though each provider above may require different documents to open a business bank account, here is a general list of what you will 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

Frequently Asked Questions (FAQs)

Who has the best business checking account?

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Bottom Line

All the banks and fintech companies listed offer excellent business checking products, with some providing full-service banking and others specializing in specific aspects of business banking. To find the best fit for your business, assess your needs, compare the offerings and fees, and choose the provider that aligns with your business’s current and future goals.