Best Business Checking Accounts December 2025

It’s one of the top five most active SBA lenders in the U.S., on top of being a well-known and established bank. This will give a business of any size multiple lending routes to take, affording you ultimate control in how to handle your finances. Lines of credit, secured and unsecured loans, and commercial real estate loans are all available through Wells Fargo. They also offer many different small business lending opportunities and have solid experience handing out business loans. The rates, terms and fees presented are accurate at the time of publication, but these change often.

Not to mention Live Oak Bank has built itself a great reputation for helping businesses achieve success and find the right loans for them every step of the way. Also, if you need a vehicle loan, it won’t require a down payment, further minimizing the financial stress such a loan could put on your business. In fact, one Capital One business card makes an appearance on SmartAsset’s list of top small business credit cards. These range from the Business Savings account to the Business Premium Money Market account and multiple types of business CDs. If you work with PNC, you’ll be able to take advantage of a range of small business loan and financing options.

How to choose a business checking account for your needs

Some businesses—like restaurants, retail stores, and laundromats—routinely handle large volumes of cash and must deposit it into their bank accounts. Interest-bearing checking accounts can be nice to have, but they usually aren’t the best way to grow your savings. If you just need a simple business checking account, without the extra features, this is the first option we recommend considering. Business banks accounts can help you manage your company’s finances, but there are other options. Your credit is taken into account, but it matters more for other types of accounts and riskier businesses such as sole proprietors. Depending on the type of business you operate, different financial institutions may require different documents when opening your checking account.

Best Customizations and Integrations

• For questions while starting a business, we recommend consulting with an attorney or accountant.
• U.S. Bank’s new Business Essentials checking account is a flexible spending account that has no minimum balance requirements or monthly service fees.
• U.S. Bank is the fifth-largest bank in the US in terms of assets under management.
• With the Analyzed Business Checking account, you’ll also gain access to a dedicated relationship manager and you won’t need to worry about debit transaction caps anymore.

Regions Bank is an Alabama-based bank that provides both personal and business banking services. The Analysis Business Checking account, on the other hand, is designed with a focus on bookkeeping and simplifying business banking. The other three account options (Checking, Checking Plus, and Treasury Enterprise Plan) are designed for small, medium, and large businesses, respectively. However, PNC has a plethora of great business offerings, not to mention the bank has significant online and mobile features, making it a viable option even for those who don’t live near a branch. Chase a complete guide to different cushion fabrics has consistently proven to be one of the top banks for small businesses, and for good reason.

• Grasshopper’s high APY is the highest among business checking accounts we researched, and even the lower tiers are many times higher than the national average for interest-bearing checking accounts.
• Best for Business money market account
• Novo is a digital banking platform built for businesses to open business bank accounts, get debit cards, secure funding, and more with no monthly fees.
• Live Oak’s Business Savings Account is a great option for any business looking to save up while growing their money at the same time.
• Take the time to compare options and don’t hesitate to ask questions about features that matter most to your business.

Grasshopper Innovator Checking

80+ years of combined experience covering small-business and personal finance. Will you make more than 200 monthly transactions? Are you OK paying a monthly maintenance fee?

Citizens Bank Clearly Better Business Checking®

For entrepreneurs seeking the best option to open a business account, Mercury offers a compelling package of features tailored specifically for startup needs. You’ll find additional information about each banking platform, including fees, accessibility, notable features, and more. Continue reading our full review of the best business bank accounts for startups below. Your business type will determine the best business bank account or startup banking platform you might want to consider. 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.

Effective financial management is crucial for all businesses, especially small businesses. The best business bank account for your LLC will depend on your LLC’s needs and budget. If you are interested in benefiting from banking-related services, we recommend how to calculate working capital turnover ratio Mercury.

Best for Fee-free online banking

They are a good fit for businesses that handle a lot of cash transactions and for businesses that operate multiple physical locations. If you are operating a business that makes frequent large cash deposits (e.g., a retail or restaurant business, etc.) Chase may be the right bank for you. Novo is a financial technology banking platform that is sponsored by Middlesex Federal Savings.

Live Oak Bank

Continue reading our comprehensive review below to learn more and explore your options. Overall, entrepreneurs need a bank that can provide flexible and affordable solutions. Our websites may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened. Among other details, we collect data on fees, APY offerings, minimum balance and deposit requirements, customer service and accessibility.

Full-service business banking Finder compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. We may receive compensation from our partners for placement of their products or services. Her writing and banking expertise have been featured in Forbes Advisor, Money, The Balance, Money Under 30, Insure.com, and other top digital publishers. Bear in mind they usually come with fees and may not offer features like overdraft protection. For questions while starting a business, we recommend consulting with an attorney or accountant.

Rho doesn’t charge any monthly or annual fees to use the company’s banking services. When combined with a Rho checking account, users gain access to the Rho Platinum Card that earns up to 2% cash back on spending plus more valuable features. Click “learn more” to start the process of creating a business checking account if you qualify. Businesses of all sizes and startups looking to open their first business checking account. Bank also offers strong small-business lending products, making it a good banking option if you think you might need financing in the future.

Bankrate’s editorial team collects data directly from each financial institution through their websites, representatives and official documentation. North One Plus costs $20 per month but comes with dedicated relationship managers and a number of lower transaction fees such as free same-day ACH payments. Business owners that are willing to trade physical branch location access with a high APY and cash-back rewards. Not only does it offer generous APY and cash-back, but the user experience is highly streamlined thanks to an intuitive mobile app. Businesses that want an affordable, flexible spending account, but still want access to physical branch locations. At Bankrate we strive to help you make smarter financial decisions.

Any business owner, whether large, small, or independently owned, should have a business checking account. It takes into account the product’s monthly fees, overdraft fees, opening deposit, customer support options, ATM network and features — this gives you a simple score out of 10. Yes, you can open a business checking account as a sole proprietor. Lili is the best digital banking platform for small businesses due sales journal to its tailored features and hassle-free user experience.

There are several reasons why you may want a business bank account. NorthOne is an easy-to-use, straightforward business account that currently supports over 190,000 American businesses. Each account they offer is designed to help different types of businesses operating under different circumstances.

If your LLC works with international freelancers and/or businesses, you will also want to prioritize a business checking account that does not charge any fees for international wires. For this reason, we recommend weighing the pros and cons of both types of business checking accounts before making a final decision. Brex stands out to us because of the high number of features that its free business checking account offers. Investopedia researched and evaluated 21 popular small business checking accounts across 21 criteria, collecting over 400 data points to determine the best picks above. That free deposit limit is the second-highest we found in our research into small business checking accounts; the only account to offer more is Chase Platinum Business Checking, which allows up to $25,000.

U.S. Bank’s new Business Essentials checking account is a flexible spending account that has no minimum balance requirements or monthly service fees. I then put the 10 top-scoring accounting products from the first round through hands-on testing to determine the strengths and weaknesses of each offering and identify the types of businesses they’re best suited to serve. These problems have caused some businesses to seek alternative accounting software despite ZarMoney’s many positive features. Xero users appreciate the product’s well-crafted interface, affordability, robust integration capabilities and efficient bookkeeping features, making it especially well suited to the accounting needs of small businesses.