Best Business Bank Accounts

Pros

• No monthly fee, minimum opening deposit or excess transaction fee.
• 24/7 customer support.
• No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
• Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases.

Cons

• Can’t deposit cash.
• No outgoing international wire transfers.
• Does not offer jointly owned accounts.

Pros

• No monthly fees or minimum opening deposit.
• Unlimited fee-free transactions; no overdraft fees.
• Earn 1.50% interest on account balances up to and including $250,000. Terms apply.
• Access up to $3 million in FDIC insurance with Insured Cash Sweep.
• No fees at 37,000 MoneyPass ATMs.
• Free incoming wires and low outgoing wire transfer fees.
• Sub-accounts help users set funds aside for specific purposes.

Cons

• No fee-free cash deposits. Cash deposits at Green Dot locations are capped at $2,000 per day and a service fee of up to $4.95 per deposit applies. At Allpoint ATMs that accept cash, deposits are capped at $5,500 per day and a fee of $1 plus 0.5% of the deposit amount applies.
• Fee for using out-of-network ATMs.
• No joint accounts or employee debit cards.

Pros

• No required monthly fee, minimum opening deposit, excess transaction or overdraft fees.
• Supports multiple accounts, debit cards per business.
• Access up to $3 million in FDIC insurance with Insured Cash Sweep.
• Free incoming wires and low outgoing wire transfer fees.
• Built-in invoicing and bill pay.

Cons

• No live support on weekends.
• Low limit for cash deposits.
• Complaints of account freezes, long resolution times.
• Does not support Zelle for Business.

Pros

• Welcome bonus for new customers (terms apply).
• Unlimited fee-free electronic and debit card transactions.
• No fee on cash deposits at Chase ATMs.
• Overdraft grace period/amount (24 hours and up to $50).
• Built-in invoicing and Zelle for Business.
• Accept credit card payments using the Chase mobile app.

Cons

• $15 monthly service fee.
• Fee for using out-of-network ATMs, no ATM fee refunds.
• High overdraft, wire transfer fees.
• Does not earn interest.

Pros

• Unlimited 1% cash back on qualified debit card purchases.
• Earn up to 1.35% APY.
• No monthly fees, transaction fees or overdraft charges.
• Free, built-in bookkeeping and invoicing software.
• Low fees on wire transfers.
• All account holders are assigned to a dedicated banker or customer support representative.

Cons

• $100 minimum opening deposit.

Pros

• No monthly service fee.
• Welcome bonus for new customers (terms apply).
• Unlimited fee-free electronic and debit card transactions.
• Receive and send payments via Zelle.
• Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.

Cons

• $25 minimum opening deposit.
• Fee for using out-of-network ATMs.
• High overdraft, wire transfer fees.
• $1 fee for outgoing domestic ACH transfers.

Pros

• Free domestic and international U.S. dollar wire transfers.
• Unlimited refunds on all domestic ATM fees.
• No monthly fee, minimum opening deposit, excess transaction fee on U.S. dollar transactions or overdraft fees.
• Users can apply for the rewards-earning Mercury IO Card, a corporate credit card with numerous expense control tools.

Cons

• Can’t deposit cash.
• Choice Financial Group, one of Mercury’s banking partners, is currently under a federal consent order.

Pros

• No monthly fee for the first 12 statement cycles.
• Welcome offer for new accountholders.
• Loyalty perks via Preferred Rewards for Business program.
• Relatively low overdraft fees ($10 per item, limited to two per day)

Cons

• $100 minimum opening deposit.
• Fee for using out-of-network ATMs.
• $16 monthly fee after introductory period ends.

Pros

• No monthly fee, minimum opening deposit, excess transaction or overdraft fees.
• Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
• Unlimited cash deposits via MoneyPass and Allpoint ATMs.
• Accept contactless payments via the NBKC app (iOS only). Fees apply.
• Unlimited debit cards.

Cons

• Must pay a fee to use built-in software features via Autobooks.