Best Business Checking Accounts

Internet-based BlueVine is currently offering the most competitive business checking account out there, with a generous APY and no fees. Currently, BlueVine’s Business Checking account doles out an APY of 1.00% if you maintain a balance over $1,000.

Customers of BlueVine’s Business Checking account will also enjoy the account’s minimal fee model, which features no monthly service fees, unlimited transactions with no monthly balance required, no ATM fees at MoneyPass ATMs nationwide and no NSF fees. BlueVine’s banking services are provided by The Bancorp Bank.

• Transaction fees: Unlimited free transactions
• Monthly fee: $0
• ATM fees: None at MoneyPass ATMs nationwide
• Number of physical branches: None

Axos Bank offers one of the few business checking accounts with minimal fees and a competitive APY, making it one of the best choices out there. Axos Bank’s Business Interest Checking account features an APY on account balances ranging from $0 to $5 million, with balances up to $50,000 earning our listed rate.

There is a $100 minimum required to open an account, and although the bank does charge a monthly maintenance fee of $10, you can waive the fee if you maintain a minimum average daily balance of $5,000. Other attractive features of the Axos Bank Business Interest Checking account are:

• Transaction fees: Up to 50 items per month, $0.50 after that
• Monthly fee: $10, can be we waived with minimum average daily balance of $5,000
• ATM fees: Unlimited domestic reimbursements
• Number of physical branches: Online only

Radius Bank is another online option that offers a great business checking account. Radius Bank’s Tailored Checking account features an APY of 0.10% on balances over $5,000. Like Axos, there is a $10 monthly maintenance fee, which can be waived if you maintain a minimum monthly balance of $5,000. There is a minimum deposit of $100 required to open an account, but no minimum balance requirement after that.

In addition to earning interest, other features of the Radius Bank Tailored Checking account worth noting are:

• Transaction fees: Unlimited transactions
• Monthly fee: $10, but can be waived with average monthly balance of $5,000
• ATM fees: Unlimited ATM reimbursements, excluding international exchange fees)
• Number of physical branches: One in Boston, otherwise it’s all online

TIAA Bank offers a number of business checking accounts, ranging from options geared specifically to small businesses, to others tailored for non-profits. The standard Business Checking account is a solid product that ticks a number of boxes for a great, low-fee account. It’s worth noting that there’s a minimum deposit of $1,500 required to open an account, relatively higher than other business checking accounts out there.

It’s worth noting that there’s a minimum deposit of $1,500 required to open an account, relatively higher than other business checking accounts out there. Other business checking accounts offered by TIAA Bank that are worth exploring, depending on your business’s needs, include the Small Business Checking account, which is made for sole proprietors and single owner LLCs and earns a modest APY, and the Business Analysis Checking account.

The TIAA Bank Business Checking account features the following:

• Transaction fees: First 200 items per month, $0.25 each after that
• Monthly fee: $14.95, but can be waived with balance of $5,000
• ATM fees: $15 monthly ATM reimbursement (domestic)
• Number of physical branches: 144

Chase Bank’s Business Checking account offers the confidence that comes with banking with one of the largest banks in the U.S., with its extensive branch network and deep bench of deposit and lending products. Chase charges a $15 monthly service fee for this account, but there are ways you can waive it or reduce it, including maintaining a daily balance of at least $1,500 or maintaining a linked Private Client or Sapphire Personal account.Other standout features that come with the Chase Business Checking account include:

• Transaction fees: 100 free transactions per month, $0.40 each after that.
• Monthly fee: $15, can be waived if you maintain a daily balance of at least $1,500 or maintain a Private Client Checking account or Sapphire Personal Checking account; reduced to $12 when you’re enrolled in paperless statements
• ATM fees: No fee for Chase ATMs
• Number of physical branches: Nearly 5,000

First Citizens Bank, which has a branch network sprawling across the Southeast and Southwest, and also offers online banking services. First Citizens promotes its Basic Business Checking account as a “favorite starter account” for businesses because of its simplicity and affordability. It’s one of the few banks on this list that doesn’t have any monthly maintenance fees, regardless of the account’s balance, as long as you opt out of paper statements.

With a low minimum deposit requirement of just $100 to open an account and no minimum balance requirements after that, it’s also one of the more accessible checking accounts for businesses that are not flush with cash from the get-go. While the First Citizens Basic Business Checking account doesn’t offer many bells and whistles, it’s a low-fee account with attractive features similar to those offered at big financial institutions:

• Transaction fees: Up to 175 free transactions per month, $0.50 each after that
• Monthly fee: None
• ATM fees: Free access to First Citizens Bank ATMs
• Number of physical branches: Over 1,000 branches in Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, West Virginia and Wisconsin

The standout feature of Capital One’s Spark Business Unlimited Checking account is its unlimited transactions, a relatively rare feature for business checking accounts at the other big banks.

The Spark Business Unlimited Checking account requires a pretty hefty balance to waive the monthly service fee of $35. Capital One, however, does offer free overdraft protection with a linked small business deposit account. Other noteworthy features offered by the Capital One Spark Business Unlimited Checking account include:

• Transaction fees: Unlimited transactions
• Monthly fee: $35, can be waived with prior 30- or 90-day average account balance of $25,000
• ATM fees: Free access to 55,000 Allpoint ATMs
• Number of physical branches: More than 400

The nbkc bank Business Account is a no-frills business checking account with competitive incentives, including unlimited transactions. There is no minimum required to open an account, and with no minimum balance requirements, this is a checking account that’s especially accessible for businesses just starting out.

For those who want more from their nbkc bank Business Account services, the bank also offers add-on options for an additional cost, like the Desktop Deposit, which gives you unlimited deposits from your office and unlimited account support. Drawbacks of the nbkc bank Business account include only having a handful of physical bank branches in Kansas and Missouri. However, nbkc primarily presents itself as an online-only bank.

Other standout features of the nbkc bank Business account include:

• Transaction fees: Unlimited transactions
• Monthly fee: None
• ATM fees: Free access to 34,000 MoneyPass ATMs and up to $12 monthly refunds for any ATM’s fees
• Number of physical branches: 4 total in Kansas and Missouri (it positions itself as an online bank)

Bank of America (BoA) offers a number of business checking accounts, but its Business Advantage Checking account in particular has a number of competitive features. This account does have a relatively steep monthly fee of $29.95, but it gives you several options to avoid that fee. There is a minimum deposit of $100 required to open the account.

One perk worth highlighting is that you’ll also receive an additional Business Advantage Checking account and an additional Business Advantage Savings account at no extra charge, as well as a $300 credit to new, eligible business credit cards if you make at least $3,000 in new purchases within the first 90 days.

Other standout features of the Bank of America Business Advantage Checking account include:

• Transaction fees: Up to 500 free transactions per month, $0.45 after that
• Monthly fee: $29.95, which can be waived in several ways, including maintaining an average monthly balance of at least $15,000, maintaining a combined average monthly balance in linked BoA accounts of $35,000, or spending $2,500 in net new purchases on a BoA business credit card
• ATM fees: Free access to Bank of America ATMs
• Number of physical branches: Over 4,000

PNC Bank’s Business Checking account is great for budding businesses interested in the checking essentials with minimal fees. There is a minimum deposit of just $100 required to open an account, and the $10 monthly maintenance fee is waived by meeting certain requirements, including maintaining an average, monthly collected balance of just $500.

There are drawbacks of the PNC Bank Business Checking account, though. PNC itself has a relatively nonexistent footprint in the Western region of the U.S., so if you live in that region and want the convenience of a bank with brick-and-mortar locations, you’ll want to take that into consideration.

Other noteworthy features of the PNC Bank Business Checking account are:

• Transaction fees: Up to 150 free transactions monthly, $0.50 each after that
• Monthly fee: $10, waived if you maintain a balance of $500, use a linked PNC business credit card to make a minimum of $500 in eligible purchases or Maintain a linked PNC Merchant Services account and generate a minimum of $500 in qualifying monthly processing deposits
• ATM fees: Free access to 18,000 PNC and partner ATMs, two reimbursements per statement cycle of non-PNC Bank ATM fees
• Number of physical branches: 2,300 in Alabama, Delaware, Washington, DC, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, West Virginia and Wisconsin