12 Best Business Checking Accounts for September 2025

Some online-only banks that offer free business checking accounts include Axos, Bluevine and Novo. We narrowed down our rankings by considering no-fee checking accounts or accounts with easy ways to waive the monthly maintenance fees. Grasshopper gets our seal of approval as the overall best business checking account because it offers 1.00%-2.00% APY on its checking accounts and 1% cashback.

Yes, all Wells Fargo checking account funds are FDIC-insured up to the maximum applicable limit. You want to separate your business transactions from your personal ones for a variety of reasons, including for bookkeeping and tax purposes. It’s just much easier to keep track of what you owe Uncle Sam if you know how much you earned and what your expenses were.

Account Bonuses and Incentives

This section serves to answer some of the most common questions surrounding the best business checking accounts. Sadly, there are no interest rate options with NBKC Bank’s business checking account. You can open up a fee-free business money market account and earn 1.25% APY on monies within.

Transaction Fees will not be charged for all electronic deposits and the first 500 debits and non-electronic deposits each statement cycle. There will be a Transaction Fee of $0.40 for each debit and non-electronic deposit above 500. Electronic deposits are deposits made via ATM, ACH, Wire and Chase QuickDeposit.

What debit card benefits does it offer?

Have your business’s paperwork ready when you go to open a business bank account. If you have filed documents or licenses on the state level, you might need to bring them as well. When speaking with a business banker, make sure to ask which documents the financial institution requires to open a business checking account. Before speaking with a business banker, make sure you have all the required documents. Below are the minimum requirements of information you’ll need to apply to open a Chase business checking account, but the requirements are typically the same for any business checking account.

Can You Use a Personal Bank Account for Your Small Business?

It could also make for a simpler tax filing process than if your personal and business funds were kept in the same account. Click “learn more” to start the process of creating a business checking account if you qualify. Business owners of all sizes who want to bundle their business banking, lending and payment services with American Express.

• Check out our guide on the best business bank accounts for LLCs.
• No matter your business type, you’ll need to provide a registration certificate and any necessary business licenses.
• Loan and line of credit amounts range greatly, capping at $5 million each.
• You’ll also get access to on-the-go banking with Chase Business Online℠ and the Chase Mobile® app.

Personal and business identification

Get more than just a checking account — reach your financial goals with Nav. Get insights, make payments, send money, and track expenses seamlessly. A business checking account might be the best option for small businesses. Business checking accounts let you manage your business funds from anywhere, build your business credit score and separate business and personal assets. We like that the BMO Digital Business Checking account’s relatively low monthly maintenance fee can be waived by maintaining an average balance of $500 per statement period.

We like that this free account helps business owners save time and money. It doesn’t charge fees found with many business bank accounts or require owners to maintain a certain balance or activity level to get the most benefit. We also like that NBKC offers many business accounts, lending options and payment solutions so small businesses can grow without switching banks. Axos Bank’s Basic Business Checking account doesn’t have monthly fees or minimum deposit requirements, nor does it skimp out on perks. This account comes with 50 free checks, unlimited item processing, unlimited domestic ATM reimbursements, 60 free remote deposits and two reimbursements on domestic wires each month.

Who should get a business checking account?

Here are many of the top features business owners look for in small business checking accounts. A convenient way to pay and access ATMs – money is deducted right from your business checking account. Make deposits and withdrawals at the ATM with your business debit card.

• Once you have Chase Business Online, you can manage your account on the go.
• Chase also offers alerts to help you stay on top of your account activity and easy account management through Chase Business online and the Chase Mobile® app.
• A business checking account can be an important tool for building a financially healthy company.
• No you do not need an LLC to open a business checking account.

Here’s what you’ll need to apply

The KeyBank Basic Business Checking account, as well as the KeyBank Business Interest Checking account, ranked high on our list. Both accounts have a high fee-free deposit limit and allow unlimited ACH and bill pay transactions. We don’t like that this account has a low fee-free deposit limit of $1,000 and charges 25 cents for every additional $100 deposited per statement period. The NBKC Bank Business Checking Account is best for smaller businesses that want to save on banking and have the flexibility to let their balances fluctuate. It’s ideal for those without complicated money management or app integration needs.

Experian is a globally recognized financial leader, committed to being a Big Financial Friend—empowering millions to take control of their finances through expert guidance and innovative tools. As a trusted platform for money management, credit education, and identity protection, our mission is to bring Financial Power to All™. Deposit, credit card and lending products provided by JPMorgan Chase Bank, N.A. Member FDIC. If you are applying online, Unincorporated Business Associations or Organizations are not supported online at this time. If you are applying online, only single-member and single-manager LLCs with one authorizing representative are supported. Multi-member or multi-manager LLCs, LLCs with multiple authorizing representatives, or Non-Profit LLCs are not supported online.

This insurance protects and reimburses you up to your balance and the legal limit in the event your bank or credit union fails. You can use a personal bank account for your business if it’s a sole proprietorship, but even in this case, it can cause issues with record-keeping and tax preparation. Axos Bank is an online bank offering a range of financial products for both consumers and businesses. The Axos Basic Business Checking account is a good fit if you want ATM access. It offers unlimited domestic ATM fee reimbursements, so you don’t need to worry about whether an ATM is in-network. “Business owners enjoy what they’re selling or what their business is all about,” says Kari Harpold, treasury management officer at Capitol Bank in Madison, Wisconsin.

You’ll only find a fee for outgoing domestic wires with American Express, and the price is quite reasonable. There’s no monthly maintenance fee, NSF penalties, or any charge for receiving money from various sources. U.S. Bank has loans and lines of credit for any need your business may face, from expansion to an unexpected expense. Depending on your business, you can also benefit from specialized merchant services for various business industries.

Every checking account review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of banking products. See our methodology for more information on how we choose the best business checking accounts. U.S. Bank’s new Business Essentials checking account is a flexible spending account that has no minimum balance requirements or monthly service fees. We like the intro offer of $500 for businesses that deposit $5,000 and maintain that balance for two months.

If the IRS detects foul play, you may have to deal with audits or careful scrutiny of your business practices. Where most of the best business bank accounts for LLCs forget about interest, American Express shows up with a 1.3% APY. You’ll also have access to a debit card that accrues points you can turn into cold hard cash. Many on-the-go features are only usable on iOS, and there’s no way to deposit cash. Should you ever encounter an issue with your account, customer service is always on hand to help.

What’s more, some business bank accounts come with perks such as free wire transfers, a lower rate on a safe deposit box or discounted access to business attorneys. Your Lili debit card earns cash back on participating merchants, with the money deposited directly into your business checking account. There are no service or transaction fees to use your debit card anywhere in the world. When looking into the best business checking accounts, we made sure to consider fees for use and potential upsides in the form of interest rates. Next, we studied lending options, rewards, and how easy it is to transfer funds. Finally, we dig deep to discover any additional features that made a particular checking account stand out.

If you are worried because you don’t have good credit scores, look for an online bank account that doesn’t require a good personal credit. business checking account Also, keep in mind that some banks may require a minimum time in business or even minimum annual revenues. If you have a startup business, or your business does not have significant revenues, be sure to ask about these requirements. Free up the cash you need to keep your business moving forward with same-day deposits at no additional cost. Chase also offers alerts to help you stay on top of your account activity and easy account management through Chase Business online and the Chase Mobile® app.

These accounts are best used for specific savings goals, such as taxes, emergencies and employee benefits. A high APY is a nice-to-have, but not a requirement for a great business checking account. If you’re primarily interested in earning the best yield, you should probably be looking for a business savings account instead.

Accountholders can access up to $175 in insurance coverage through Axos Bank InsureGuard+ Savings from IntraFI Network Deposits. We like Axos for its unlimited ATM reimbursements, QuickBooks compatibility and 24/7 customer service phone line. “Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced.