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Best Business Checking Accounts

Business checking accounts are an essential tool for managing your company's finances effectively. They offer a range of crucial features and functions that can greatly benefit your business. In today's ever-evolving business landscape, having the right business checking account can help you stay competitive and adapt to changing financial needs. Keep an eye out for special offers and updates to ensure your business is prepared for whatever financial challenges and opportunities lie ahead.

Last Updated May 2024

NBKC Bank banner
  • Best For - Businesses in need of full-featured business checking with no monthly fees
  • Rating - 4.3/5

NBKC Bank's business checking account is created for entrepreneurs who want to save money on costs and do a high volume of activities. You won't be charged anything to start an account, keep the balance at zero, or receive domestic wire transfers. Aside from free in-person and mobile app check deposits, you can now deposit paper checks using a desktop computer's web browser. This bank's two locations service only Kansas and Missouri. Internet banking is convenient for those who do not need to visit a branch regularly. All 34,000+ MoneyPass ATMs accept free deposits of cash and checks.

Establishing a business checking account with NBKC Bank is as easy as visiting their website. One must be a citizen or permanent resident of the United States, at least 18 years old, and possess a valid Social Security number or tax identification number to qualify (TIN). No foreign corporations are allowed to create an account. Your personal information (such as name, address, and DOB), company information, government-issued ID, and legal company papers will all be requested.



NBKC Bank logo
Novo banner
  • Best For - Entrepreneurs and startups wanting a hassle-free online business banking experience
  • Rating - 4.2/5

A Novo business checking account is a great option for any business searching for a fee-free, digital checking account. To better serve our customers, Novo has collaborated with Middlesex Federal Savings to provide free unlimited transactions. Similarly, they give no monthly maintenance costs and reimbursement of ATM expenses for our business banking customers that bank only online. Although you cannot put cash into your Novo profile directly, you may use the app to buy a money order and deposit the funds.

The Novo business checking account does not earn interest, and the corporation does not provide other financial services like savings or loans. Apart from that, it's a reliable platform for conducting business transactions online. Novo provides a wonderful solution if you are searching for a digital-only, fee-free business checking account. Novo stands to reason if your business makes many ATM transactions since the service reimburses its customers for their ATM costs at the end of the month.



Novo logo
BlueVine banner
  • Best For - Online businesses looking for fee-free business checking with high transaction limits
  • Rating - 4.1/5

It is well-known that Bluevine is a reliable source for business loans. The checking account is now available for commercial use as an adjunct to Bluevine's small business financing. You must complete an online application to create a Bluevine business checking account. Eligibility requirements include being at least 18 years old and a citizen or legal permanent resident of the United States with a current, permanent living address.

The service provider requires opening an online account and giving information about your company. Bluevine's business checking account has no monthly maintenance charges and allows for an unlimited number of monthly transactions, two benefits mostly provided by online-only financial institutions. But unlike most other versions, Bluevine's interest-bearing feature is not contingent if or not your balance falls below a certain threshold every day or monthly. You can make in-person deposits, unlike with many online-only accounts.



BlueVine logo
Lili banner
  • Best For - Freelancers and small businesses seeking an all-in-one mobile banking solution
  • Rating - 4.2/5

Lili provides an accessible mobile business checking account with no minimum initial deposit and digital features for managing finances, including spending tracking, tax deductions, savings, and client payments. The service provider was created with freelancers and contractors in mind, but it is now open to sole proprietorships and LLCs with a single member who uses a "doing business as" or DBA.

The company provides a free, fully functional checking account for businesses on the go. Using Choice Financial Group, Lili has access to banking services with FDIC insurance on deposits up to $250,000. The Pro version of Lili's business debit card includes increased ACH and mobile deposit limits, improved company administration capabilities, and cash incentives for card transactions.



Lili logo
NorthOne banner
  • Best For - Small businesses desiring a simple, online-only business checking account
  • Rating - 4.0/5

NorthOne was established in August 2019 and is headquartered in New York City. Since they are an online-only financial company, NorthOne provides business checking and savings accounts. The profile is tailored to the requirements of startups, and small enterprises with less than 50 workers. More than 300,000 companies use the banking platform every day.

NorthOne, like many other online-only banks, doesn't have any physical locations. Customers can access a full suite of banking services through a mobile app or website for a flat monthly fee. The only account type provided by NorthOne is a business checking account. Because of its focus on the needs of smaller companies, it is intuitive and easy to implement. Also, it facilitates the process of saving for a certain aim. There is just one main profile, but you may set up other sub-accounts to pay for salaries, taxes, and rent.



NorthOne logo
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