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Best business bank accounts for small businesses

Keep your personal assets separate with a business bank account suited for LLCs.

Whether you have a limited liability company (LLC) or just small business, it’s important to have a business checking account separate from your personal account to protect your personal assets. A business bank account helps streamline your business’s operations for bookkeeping, tax purposes and day-to-day expenses.

Why trust Finder

  • 300+ banks and credit unions reviewed
  • 50+ business checking accounts analyzed and rated by our team of experts
  • Evaluated under our unbiased rating system covering 13 categories
  • 20+ years of combined experience covering financial topics

We're big on editorial independence. That means our content, reviews and ratings are fair, accurate and trustworthy. We don't let advertisers or partners sway our opinions. Our financial experts put in the hard work, spending hours researching and analyzing hundreds of products based on data-driven methodologies to find the best accounts and providers for you. Explore our editorial guidelines to see how we work.

7 best business bank accounts for small businesses

The best bank accounts for small businesses have minimal fees, no required opening deposits and feature business software integrations. A few are also interest-bearing, which could yield extra funds throughout the year.

Best overall

Bluevine Business Checking

You can earn $300 when you open a new Bluevine Business Checking account and meet eligibility requirements. Apply with referral code CA300.
Go to site Read review
APYUp to 4.00%
FeeFrom $0 per month
Minimum deposit to open$0

Best for cashback rewards

North One Business Banking

Go to site Read review
APYN/A
FeeFrom $0 per month
Minimum deposit to open$50

Best for multi-member LLCs

Relay

Go to site Read review
APYUp to 3.00%
Fee$0 per month
Minimum deposit to open$0
Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank and Evolve Bank & Trust; Members FDIC.The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.

Best for wire transfers

Mercury

Go to site Read review
APYN/A
Fee$0 per month
Minimum deposit to open$0

Best for free business checking

NBKC Business Checking

Go to site
APYN/A
Fee$0 per month
Minimum deposit to open$0

Best for early access to payments

Lili

30 day free trial for Lili Pro, Lili Smart, and Lili Premium
Go to site Read review
APY3.65%
FeeFrom $0 per month
Minimum deposit to open$0
Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC.

Best for property management

Baselane

Up to 5% cash back on debit card spend
Go to site
on Baselane's secure site
Read review
APYUp to 4.19%
Fee$0 per month
Minimum deposit to open$0

Methodology: How we choose the best accounts

Finder’s banking experts research and compare 40 business bank accounts before narrowing down the best accounts for small businesses. The features that hold the most weight are the existence of software integrations such as Quickbooks or services that assist with tax filings, the number of free ATMs available in the provider’s network, and monthly fees. We also regularly update and revise our list to reflect the best options available in the current market.

We weigh these six factors when choosing the best accounts:

  • Has at least one software integration or comes with tax features
  • Free ATM access or offer ATM reimbursements
  • $0 in monthly maintenance fees
  • Opening deposits less than $100
  • Available in most states
  • No membership requirements

How to pick a top business account

There are a few things that every business owner should consider:

  • Fees. Compare monthly maintenance fees, overdraft fees and opening deposit requirements. Beyond these, look at fees attached to wire transfers and ATM withdrawals.
  • Interest. While not common, there are some interest-bearing business checking accounts. Though, they might come with a minimum balance requirement to start earning interest.
  • Rewards. If you plan on using your business debit card frequently, consider an account with a cashback rewards program for possible earnings.
  • Cash deposits. If you’re a cash-based business, you may want to consider a bank with physical branches to make cash deposits easier. For online-based businesses, cash deposits are usually not possible or come with a fee.
  • Software integrations. For taxes, expense reports, bank statements and more, having a bank with software integrations, such as Quickbooks or Xero, can make bookkeeping easier.

Compare business bank accounts

Narrow down top business bank accounts by fees, software integrations, APYs and more to find the best for your budget and financial goals. Select Compare for up to four products to see their benefits side by side.

Product USFSA-CHK Finder Score Fee Annual Percentage Yield (APY) FDIC Insured Amount Software Integrations Account management Bank transfer fee Offer
Finder score
$0 per month
N/A
Up to $250,000
Amazon, Quickbooks, Zapier, Shopify, Xero, Hubspot and more
Online, App, Phone
$0
Finder score
From $0 per month
N/A
Up to $250,000
PayPal, Stripe, Square, Etsy, Airbnb, Amazon and more
Online, App, Phone
$0
Finder score
$0 per month
N/A
Up to $250,000
Quickbooks, Stripe, Square, Xero, and more
Online, App, Phone
$0
Finder score
From $0 per month
1.50% on balances of $0 to $20,000
Up to $250,000
QuickBooks, Stripe, Cash App, PayPal, Square, etc.
Online, App, Phone
$0
Finder score
$15 per month
(can be waived)
N/A
Up to $250,00
N/A
Branch, Online, App, Phone
$0
Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
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What is the Finder Score?

The Finder Score crunches over 300 checking accounts from hundreds of financial institutions. It takes into account the product's monthly fees, overdraft fees, opening deposit, customer support options, ATM network and features — this gives you a simple score out of 10.

To provide a Score, Finder’s banking experts analyze hundreds of checking accounts against what we consider is the best option: no monthly fees, no overdraft fees, a large ATM network of 50,000 or more, additional features outside of typical banking services, and the optional perk of earning interest. Accounts that are nearly free to maintain and use are scored the highest, while accounts with costly fees and few features are scored the lowest.

Read the full Finder Score breakdown

How to open a business account for your small business

It doesn’t take long to open a business bank account — especially if you’re going with an online bank. Most small businesses will need to provide the following documents when opening an account:

  • Government-issued ID or valid driver’s license
  • Employer Identification Number (EIN), SSN or Taxpayer Identification Number
  • Business license
  • LLC operating agreement
  • Articles of organization and amendments

Can I use my own bank account for my small business?

While you can use your personal bank account to run your small business, it’s generally not recommended since it can affect liability and make business bookkeeping a pain. Having a dedicated business bank account for your business helps protect your personal assets and any other owner’s assets.

A business account for your small business can help you keep track of expenses, tax deductions or credits, and keep your income separate from your personal assets. This separation ensures clear financial organization and minimizes any potential challenges with the IRS in the future.

Also, a business bank account can make applying for business loans for an LLC easier. Business loan providers almost always require business bank statements for evaluation. Keeping personal and business accounts separate avoids complications and makes it easier to provide the necessary financial documentation, increasing your chances of securing business loans.

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To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.
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Written by

Editor, Banking

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

Bethany's expertise
Bethany has written 448 Finder guides across topics including:
  • Personal finance
  • Banking
  • Auto loans
  • Insurance
  • Cryptocurrency and NFTs

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