![]() ![]() Why we chose them: We chose Axos as the best for those who seek high yields on their account balances because it has a high APY compared to other banks–and because it also has an excellent new business bonus. monthly balance $0 ($5,000 to waive the monthly fee) Monthly service fee $10 (the fee is waived with a $5k daily average balance) Minimum opening deposit $100 APY 0.81% on balances below $50,000 ATM network Unlimited domestic ATM fee reimbursement ![]() But you can waive the fee if you maintain a minimum daily balance of $2,000, spend at least $2,000 per month using your Chase Ink Business card or deposit a minimum of $2,000 in QuickAccept each month. Keep in mind, however, that there’s a monthly $15 fee associated with this account. And with 16,000 ATMs and more than 4,700 branches, it’s easy to find a location to deposit your cash. This account is also great if you make numerous cash deposits because you get up to $5,000 in free cash deposits for each statement cycle. However, you’ll need a contract for this service. But if your business receives a lot of checks, you can sign up for their multiple feed scanner and deposit 50 checks at once. If you’re only depositing a few checks, you can use the mobile app. On a similar note, Chase’s QuickDeposit allows you to scan and deposit checks. While transaction fees apply, the money will be available in your account immediately. On top of that, the bank has a fully integrated platform, so you’ll get excellent service whether you prefer online, mobile app, or in-person banking.Ĭhase’s QuickAccept feature allows you to accept debit and credit card payments on-the-go by using a credit card scanner or entering the card in the app. This bonus is the highest of any bank we’ve reviewed. Why We Chose Them: One of the biggest advantages to opening one of Chase’s business bank accounts is that they have a $300 sign-on bonus. monthly balance $0 ($2,000 daily minimum required) APY (Annual Percentage Yield) None ATM network 16,000 nationwide ![]() opening deposit $0 Monthly service fee $15 (can be waived) Min. Novo – Best for Business App Integrations.NBKC Bank – Best Small Business Checking Account.BlueVine – Best for High Transaction Volume.Our Picks for Best Business Checking Accounts We’ve put together our picks for the top five best business bank accounts to help you make that decision a little bit easier. But with so many great options available, searching for the right account to suit your personal finance goals can seem daunting. When deciding on an account, you’ll want to look for banks offering zero fees (or banks that will waive the fees), reliable digital banking platforms and minimal opening balance requirements. ![]() And for those who operate as a limited liability company (LLC), having a separate business account is crucial for protecting your personal assets. Separating your personal and business expenses makes it easier to manage your cash flow, which will make tax time much less confusing. That’s because commercial accounts offer a wide array of features designed specifically to help businesses succeed. Other APY’s available on higher balances.įinding the best business checking account is vital to the success of your business. ![]()
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