Best Places to Open a Business Checking Account Online

If you’re starting a small business, one of the most important steps to take is opening a business bank account. And luckily, whether you’re looking for an online-only business bank account or an account from a traditional brick-and-mortar bank, there are a variety of options available for opening an 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 at any time, wherever you have internet access.

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 an online business checking account that can serve a wide variety of small businesses. In particular, this account is ideal for growing businesses, offering the ability to earn interest and a robust suite of online and mobile banking tools.

With the LendingClub business checking account, features include:

• Unlimited fee-free transactions
• No-fee access to a worldwide network of ATMs and unlimited reimbursements on fees charged by other banks
• Waive the $10 monthly fee with a balance of $5,000 or more
• Earn interest of 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

All of that in mind, like many of the accounts on our list, you can open a LendingClub business checking account online in just minutes.

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.

Unlike a traditional business bank account, Brex Cash gives you two options for storing your funds. 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.

That said, 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 allows you to earn competitive rewards points on your transactions.

When you use your Brex credit card, you can earn up to 8x points on ridesharing, 5x points on flights and hotels booked through Brex Travel, 4x points on dining, 3x points on recurring software, and 1x points on everything else with no limits.

Points can be redeemed for cash back, gift cards, or miles.

Although Brex is not a traditional business bank account, you can apply for this cash management account online. Like some of the other options on this list, 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. With Novo business checking, therefore, you’ll have no monthly fees, unlimited fee-free transactions, and access to a range of features designed to help entrepreneurs manage their finances online.

That said, 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, but overall, it will be a quick and simple process to open this business checking account online.

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,” is a straightforward account with virtually no fees.

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

In fact, the only fees NBKC charges are a $5 fee to send domestic wires and $45 to send or receive international wires. And, if you want to add the NBKC business savings account, you can do so when you open your business checking account online—with no additional fees required and only $0.01 needed to earn interest.

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

Perhaps most well-known for their business lending platform, BlueVine offers a no-fee business checking account that can be opened quickly and easily online. Here are some of the top features of the BlueVine business checking account:

• 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.

Overall, if you’re looking to open a business checking account online, avoid fees, and earn interest on your balance, BlueVine will be a top choice to consider.

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

Although all of the options we’ve discussed thus far offer the ability to open a business checking account online, you may be looking for a bank account that includes physical branch access—especially if your business deals mostly in cash.

In that case, you might consider an account like Chase Business Complete Banking. Even though not all traditional brick-and-mortar banks give you the option to open a business checking account online, there are some—like Chase—that offer the best of both worlds.

With Chase Business Complete Banking, you receive:

• Unlimited electronic deposits
• 20 free paper and teller transactions per month
• Free online and mobile banking with bill pay
• Integrated credit card processing through Chase QuickAccept
• Access to 16,000 Chase ATMs and 4,700 branches across the U.S.

This account has a $15 monthly fee, however, there are multiple different ways you can qualify to waive it. That said, Chase allows you to open this business checking account online, as well as by visiting a branch location.

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

If you want to work with a brick-and-mortar bank that allows you to open a business checking account online, but also is a great option for growing and evolving banking needs, you might consider Bank of America business checking. Plus, Bank of America business checking offers more free physical transactions per month than Chase Business Complete Banking—which can be important if you’re looking for in-person banking.

That said, Bank of America has two business checking account options, but here’s what you can expect with the base-level 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.

Opening a business checking account used to be a more labor-intensive process. With the growth of technology and the development of online applications, however, it’s become much easier to apply and open a business checking account.

That said, although some banks will require more documentation than others, in most cases, when you open a business checking account online, you’ll be able to do so by providing basic information and a few key documents.

In general, most banks will ask for at least some of the following:

• 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)

Use our guide for more information on what you might need to open a business bank account.

At the end of the day, whether you’re content to open an online-only business bank account, or prefer to open a business checking account online through a brick-and-mortar bank, the decision is up to you.

And no matter which option you choose, getting a business checking account has a number of crucial benefits. It will help you manage your cash flow, establish your business’s financial footprint, and provide you with the cornerstone on which any other savings accounts, CDs, or business credit cards may be opened in the future.

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