Best Places to Open a Business Checking Account Online

Opening a business checking account online can be faster and simpler than visiting your local branch and submitting an application—plus, you can do it on your schedule.

Here, we’ll break down some of the best places that allow you to open a business checking account online, so you can find the right solution for your business.

Click on a bank name to jump down (or keep scrolling) and learn more about our top options for opening a business checking account online.

Best for: Fee-free ATM access, earning interest, digital tools.

LendingClub Tailored Checking is ideal for growing businesses. The online business account offers a robust suite of online and mobile banking tools, plus the ability to earn interest.

Features include:

• Unlimited fee-free transactions
• Fee-free access to a worldwide network of ATMs and unlimited reimbursements on fees charged by other banks
• Earn 0.10% APY on balances over $5,000
• Access to the LendingClub mobile app which allows you to create digital invoices, send wires and ACH transfers, make deposits, and pay bills
• Earn 1% cash back on online and signature-based “credit” transactions made with your LendingClub business debit card

You can apply for an account online in just a few minutes but LendingClub may take two to five business days to process your application.

Best for: Alternative to traditional business bank account with tech-friendly features and perks.

First things first: Brex Cash isn’t a business bank account. Brex Cash is a cash management account, offered by Brex Treasury LLC, a registered broker-dealer that is a member of FINRA and SIPC.

You can deposit your funds as cash (where you’ll have FDIC protection of up to $250,000) or you can invest into a money market fund that yields dividends. And, you don’t have to choose just one, you can allocate between the two options however you’d like.

Brex Cash offers a range of other perks, with a focus on tech-first, online-focused businesses. Here’s what you can expect with this cash management account:

• Free unlimited ACH, wire, and check payment options (including international)
• No monthly fees, no minimum balance requirements
• Instant payouts for ecommerce companies—receive funds for your sales right away instead of waiting days or even weeks
• Integrated expense management tools

Brex Cash also includes access to the Brex credit card, which is paid from your account daily (like a debit card), and offers competitive rewards points on your transactions, which can be redeemed for cash back, gift cards, or miles.

You can earn:

• Up to 8x points on ridesharing
• Up to 5x points on flights and hotels booked through Brex Travel
• Up to 4x points on dining
• Up to 3x points on recurring software
• 1x points on everything else with no limits.

Brex Cash is an online-only account and can be a great option for business owners looking to manage their finances digitally—especially those who want to take advantage of the rewards points or any of Brex’s other unique features.

Best for: Free, online business checking for startups and freelancers.

Novo is an online business bank account that was created specifically with startups and small business owners in mind. Novo business checking has no monthly fees, unlimited fee-free transactions, and access to a range of features designed to help entrepreneurs manage their finances online.

Some of Novo’s benefits include:

• Unlimited ATM refunds (instead of a designated ATM network)
• Free ACH transfers, mailed checks, and incoming wires
• Unlimited integrated invoicing
• Novo Reserves tool for budgeting and planning expenses
• Integrations with business tools like Stripe, Shopify, QuickBooks, and Xero
• Novo mobile app, which allows you to track expenses and payments, make transfers, deposit checks, and more

Novo requires a $50 minimum opening deposit. Applying online is quick and simple but it typically takes Novo two to three business days to review applications.

Best for: Straightforward, nearly fee-free online business bank account.

With NBKC, you can open both a business checking account and a business savings account online. NBKC’s business checking account, also called their “Business Account,” has virtually no fees. In fact, the only fees NBKC charges are a $5 fee to send domestic wires and $45 to send or receive international wires.

This online business checking account offers:

• No minimum opening deposit, no minimum balance requirements, and no monthly fees
• No fees for transactions, overdrafts, check deposits, e-statements, stop payments, and incoming domestic wires
• Online and mobile banking included
• Fee-free access to over 32,000 MoneyPass ATMs across the U.S. to withdraw or deposit cash—plus, up to $12 in monthly refunds for fees charged by other ATMs
• Option to add extra account features, like desktop deposit or ACH credits and debits, for small monthly fees

Best for: Earning 1% interest on a free online business checking account.

As of April 2021, BlueVine has paused new business checking account applications. You can visit their website to join the waitlist and be notified when applications resume.

Perhaps most well-known for their business lending platform, BlueVine offers a free online business checking account. The BlueVine business checking account is a top choice for business owners who want to avoid fees, and earn interest on their balance.

Features include:

• No minimum deposit, no monthly balance requirement, and no monthly service fees
• Unlimited number of transactions, no fees for non-sufficient funds, no ACH payment fees, and no fees to receive domestic wire payments
• Earns 1% interest on account balances up to $100,000
• Offers mobile check deposit, account transfers, the ability to pay vendors and bills by ACH, wire, or check, as well as the ability to schedule one-time and recurring payments
• Fee-free cash withdrawals at any ATM within the MoneyPass network and the ability to deposit cash at over 90,000 Green Dot locations across the U.S.

Best for: Online and some in-person business banking.

Chase Business Complete Banking offers the best of both worlds: the ability to open a business checking account online, plus more than 4,700 brick-and-mortar locations—a must for businesses that deal mostly in cash.

With Chase Business Complete Banking, you receive:

• Unlimited electronic deposits
• 20 free paper and teller transactions per month
• Up to $5,000 in cash deposits per month, fee free
• Free online and mobile banking with bill pay
• Integrated credit card processing through Chase QuickAccept
• Access to 16,000 Chase ATMs

This account has a $15 monthly fee; however, there are multiple ways you can waive it. You can open an account online if your business is a privately held sole proprietorship, LLC, or corporation. All other business types need to apply at a branch location.

Best for: Relationship banking from a brick-and-mortar institution.

Bank of America business checking is a great option for growing and evolving business banking needs. The brick-and-mortar bank offers more free physical transactions per month than Chase Business Complete Banking—which can be important if you’re looking for in-person banking.

Here’s what you can expect with Bank of America’s Business Advantage Fundamentals account:

• Unlimited fee-free electronic transactions.
• Up to 200 fee-free non-electronic transactions per month.
• Up to $7,500 in fee-free cash deposits per month.
• Access to 17,000 Bank of America ATMs and 4,300 branch locations across the U.S.
• Free mobile banking, customizable account alerts, Zelle for your business
• Business Advantage 360 online banking platform with the integrated Cash Flow Monitor tool

And, as your business grows, you can always upgrade to the next level, the Business Advantage Relationship account. Bank of America also offers a Preferred Rewards program for eligible business owners. This program gives you access to discounts on other products and services, as well as a way to waive the monthly fees on either of the business checking accounts.

You can open a business checking account online by providing some basic business and personal information and uploading key documents.

While the exact requirements will vary from one bank to the next, here’s what you need to open a business bank account:

• Personal details and identification (driver’s license, social security number)
• Basic business information (EIN, address)
• Business formation document, such as articles of incorporation, a partnership agreement, articles of organization, etc. (based on your entity type)
• DBA certificate (if your business is using a DBA)

Applying for an online business bank account may only take a few minutes, but it will take several business days for your application to be reviewed and approved.

Opening a business checking account online has many benefits: It’s convenient, quick and often less expensive, since many online banks offer free business checking accounts.

Need help with the actual application process? Use our guide on how to open a business bank account online.