If you’re a seller or dropshipper on Amazon, Shopify, eBay, Etsy or any other e-commerce platform, you’ll want a business bank account that can sync with popular apps, point-of-sales systems, and your preferred platform with ease. Other things to consider are transaction limits, rewards, APYs and, of course, affordable monthly maintenance fees. We’ve narrowed down seven of the best accounts for e-commerce businesses and online sellers.
Bluevine is one of the best online accounts, featuring a free standard monthly plan, multiple software integrations, unlimited transactions, subaccounts, free ACH transfers, free incoming wires, accounts payables automation and an interest-bearing checking balance. Software integrations include Expensify, QuickBooks, Wave and Xero. Bluevine doesn't have any physical branches, but that's not necessarily a dealbreaker for e-commerce businesses that sell on online storefronts like Amazon and Etsy. Bluevine also accepts cash deposits at select Allpoint ATMs and Green Dot locations.
APY
Up to 4.25%
Fee
From $0 per month
Minimum deposit to open
$0
Bluevine is one of the best online accounts, featuring a free standard monthly plan, multiple software integrations, unlimited transactions, subaccounts, free ACH transfers, free incoming wires, accounts payables automation and an interest-bearing checking balance. Software integrations include Expensify, QuickBooks, Wave and Xero. Bluevine doesn't have any physical branches, but that's not necessarily a dealbreaker for e-commerce businesses that sell on online storefronts like Amazon and Etsy. Bluevine also accepts cash deposits at select Allpoint ATMs and Green Dot locations.
Pros
Fee-free plan and paid plans with waivable fees
Earn up to 4.25% APY, depending on the plan
High $3 million FDIC insurance
Unlimited transactions
Accepts cash deposits
Cons
Best APY requires paid plan and activity requirements
No physical branches
No in-house accounting software
Annual Percentage Yield (APY)
4.25% on balances of $0 to $3,000,000 3.00% on balances of $0 to $250,000 1.50% on balances of $0 to $250,000
Intro or bonus offer
You can earn $300 when you open a new Bluevine Business Checking account and meet eligibility requirements. Apply with referral code CA300.
Got a self-employed e-commerce business? Check out Found. It offers specialized features useful for freelancers, including the ability to create invoices, track expenses and income, create basic reports and manage cash flow with custom pockets. A standout perk is the ability to calculate and save taxes in the Found savings account, and software integrations include Cash App and QuickBooks. To get more perks, upgrade to Found Plus for $19.99 per month to get 1.5% APY on balances up to $20,000, bookkeeping tools, pull key details from taking photos of receipts and more. Just know that Found is for single-person businesses, and it doesn't accept joint accounts or outgoing wires.
APY
1.50%
Fee
From $0 per month
Minimum deposit to open
$0
Got a self-employed e-commerce business? Check out Found. It offers specialized features useful for freelancers, including the ability to create invoices, track expenses and income, create basic reports and manage cash flow with custom pockets. A standout perk is the ability to calculate and save taxes in the Found savings account, and software integrations include Cash App and QuickBooks. To get more perks, upgrade to Found Plus for $19.99 per month to get 1.5% APY on balances up to $20,000, bookkeeping tools, pull key details from taking photos of receipts and more. Just know that Found is for single-person businesses, and it doesn't accept joint accounts or outgoing wires.
Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard®️ debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc. Found’s core features are free. Found also offers a paid product, Found Plus.
With no monthly, incoming wire or foreign transaction fees, Novo is a top fee-free business account. Novo stands out for its various software integrations that can suit an e-commerce business well, and just a few include Amazon, Apple Pay, eBay, Etsy, PayPal, QuickBooks, Shopify, Stripe, Square, Venmo, WooCommerce and Xero. Connect those platforms to your Novo account for invoicing, and you can transfer seamlessly from your Novo dashboard. You also earn a 30% discount on your first six months as a new QuickBooks customer, and your first $5,000 in Stripe revenue is fee-free. Novo allows you to create up to 20 Reserve savings accounts, but the savings doesn't earn interest. You'll also have to be OK with only email support, and you can't send domestic wires.
APY
N/A
Fee
$0 per month
Minimum deposit to open
$0
With no monthly, incoming wire or foreign transaction fees, Novo is a top fee-free business account. Novo stands out for its various software integrations that can suit an e-commerce business well, and just a few include Amazon, Apple Pay, eBay, Etsy, PayPal, QuickBooks, Shopify, Stripe, Square, Venmo, WooCommerce and Xero. Connect those platforms to your Novo account for invoicing, and you can transfer seamlessly from your Novo dashboard. You also earn a 30% discount on your first six months as a new QuickBooks customer, and your first $5,000 in Stripe revenue is fee-free. Novo allows you to create up to 20 Reserve savings accounts, but the savings doesn't earn interest. You'll also have to be OK with only email support, and you can't send domestic wires.
Novo is a fintech company; not a bank. Deposit account services provided by Middlesex Federal Savings, F.A., Member FDIC. Physical debit cards issued by Middlesex Federal Savings or Patriot Bank, N.A., Member FDIC; virtual cards issued by Patriot Bank, pursuant to licenses from Mastercard® International Incorporated. Mastercard can be used everywhere Mastercard is accepted. Mastercard is a registered trademark of Mastercard International Incorporated.
If you plan to spend your profits from your e-commerce business and want to earn some interest on your balance, this might be the account for you. Grasshopper Business Checking is free to open and maintain and has no overdraft fees. It features unlimited 1% cash back on eligible purchases, 2.25% APY on balances between $25,000 and $250,000 and 1.51% APY on balances under $25,000. However, it has fewer software integrations than other options, supporting only Plaid and QuickBooks, and it doesn't accept cash deposits.
APY
Up to 2.25%
Fee
$0 per month
Minimum deposit to open
$100
If you plan to spend your profits from your e-commerce business and want to earn some interest on your balance, this might be the account for you. Grasshopper Business Checking is free to open and maintain and has no overdraft fees. It features unlimited 1% cash back on eligible purchases, 2.25% APY on balances between $25,000 and $250,000 and 1.51% APY on balances under $25,000. However, it has fewer software integrations than other options, supporting only Plaid and QuickBooks, and it doesn't accept cash deposits.
Pros
No monthly fees or balance requirements
Unlimited transactions
Unlimited 1% cash back on select purchases
1.51% to 2.25% APY
Integrates with Plaid and QuickBooks
Cons
No cash deposits
Fewer software integrations than some competitors
Annual Percentage Yield (APY)
2.25% on balances of $25,000 to $250,000 1.51% on balances of $0.01 to $25,000 1.51% on balances of $250,000+
Offering no-fee plans for businesses and freelancers, Revolut is a fully loaded global business account. The no-fee Basic plan allows you to make your local account in USD, EUR or GBP. You'll also get invoice tracking, virtual cards, up to $1,000 in foreign interbank exchange allowances, accept 150 different currencies and get 24/7 support. Revolut can integrate with 29 different software applications, including Adobe Commerce, FreshBooks, Gusto, NetSuite, OpenCart, Pandle, QuickBooks, Shopify, WooCommerce and Xero, and link your account with your Amazon Seller account. Opting for a paid plan (Grow, Scale or Enterprise) offers more perks, like cashback rewards, higher interbank exchange allowances, bulk payments and metal debit cards. However, Revolut doesn't accept cash or check deposits.
APY
N/A
Fee
From $0 per month
Minimum deposit to open
$0
Offering no-fee plans for businesses and freelancers, Revolut is a fully loaded global business account. The no-fee Basic plan allows you to make your local account in USD, EUR or GBP. You'll also get invoice tracking, virtual cards, up to $1,000 in foreign interbank exchange allowances, accept 150 different currencies and get 24/7 support. Revolut can integrate with 29 different software applications, including Adobe Commerce, FreshBooks, Gusto, NetSuite, OpenCart, Pandle, QuickBooks, Shopify, WooCommerce and Xero, and link your account with your Amazon Seller account. Opting for a paid plan (Grow, Scale or Enterprise) offers more perks, like cashback rewards, higher interbank exchange allowances, bulk payments and metal debit cards. However, Revolut doesn't accept cash or check deposits.
If you're an online seller with global reach, the Wise Business account is worth checking out. Set up your local account to get paid like a 'local' in one of nine currencies, and it's free to receive AUD, EUR, GBP, USD and NZD. This borderless account has no monthly maintenance fees, and it features eight available software integrations, such as QuickBooks, Netsuite and Xero. Wise also connects to Amazon for fee-free withdrawals in multiple currencies, and Shopify sellers can use Wise if they set up an account in USD, GBP, EUR or AUD. Enjoy mid-market rates on currency exchanges, make international payments in over 70 currencies with no exchange rate markups and hold up to 40 currencies in your account. You also earn up to 4.85% APY on your USD balance. However, there is a one-time setup fee of $31 to link an existing bank account, and it costs $5 to get a debit card.
APY
4.85%
Fee
$0 per month
Minimum deposit to open
$0
If you're an online seller with global reach, the Wise Business account is worth checking out. Set up your local account to get paid like a 'local' in one of nine currencies, and it's free to receive AUD, EUR, GBP, USD and NZD. This borderless account has no monthly maintenance fees, and it features eight available software integrations, such as QuickBooks, Netsuite and Xero. Wise also connects to Amazon for fee-free withdrawals in multiple currencies, and Shopify sellers can use Wise if they set up an account in USD, GBP, EUR or AUD. Enjoy mid-market rates on currency exchanges, make international payments in over 70 currencies with no exchange rate markups and hold up to 40 currencies in your account. You also earn up to 4.85% APY on your USD balance. However, there is a one-time setup fee of $31 to link an existing bank account, and it costs $5 to get a debit card.
PayPal is well-known for its wide acceptance across many popular shopping sites. With over 200 million users across 190 countries, it's a preferred payment method for many customers. You can easily integrate your account with websites and carts, making it ideal for many e-commerce businesses. There are three plans, and the standard plan has no monthly fees. The PayPal Business Debit Mastercard also earns 1% cashback rewards on every transaction run as credit. On the downside, PayPal charges payment processing fees on your end, including a 3.49% plus $0.49 fee for PayPal Checkout, 2.29% plus $0.09 fee for QR payments and similar fee structures for other payment methods. There are also currency conversion fees based on the currency and a 1.5% commercial transaction fee. While there are a lot of fees to be aware of, PayPal clearly lists them all.
Fee
$0 per month
Minimum deposit to open
$0
PayPal is well-known for its wide acceptance across many popular shopping sites. With over 200 million users across 190 countries, it's a preferred payment method for many customers. You can easily integrate your account with websites and carts, making it ideal for many e-commerce businesses. There are three plans, and the standard plan has no monthly fees. The PayPal Business Debit Mastercard also earns 1% cashback rewards on every transaction run as credit. On the downside, PayPal charges payment processing fees on your end, including a 3.49% plus $0.49 fee for PayPal Checkout, 2.29% plus $0.09 fee for QR payments and similar fee structures for other payment methods. There are also currency conversion fees based on the currency and a 1.5% commercial transaction fee. While there are a lot of fees to be aware of, PayPal clearly lists them all.
Pros
Widely accepted payment method
No monthly fee with Standard
Easily integrate with various sites and e-commerce sites
Support mass payments
Unlimited 1% cash back on debit card purchases
Cons
Various payment fees
High currency conversion fees
No APY
Annual Percentage Yield (APY)
N/A
Intro or bonus offer
Unlimited 1% cash back on eligible purchases. T&C apply.
Methodology: How we choose the best online banks for e-commerce
Finder’s banking experts considered over 30 business bank accounts with no monthly fees before narrowing them to the best seven. We only considered accounts with banks and fintechs that offer plans for $0 per month, had no opening deposit requirements and had at least one software integration listed.
Has at least one software integration
$0 in monthly maintenance fees
Opening deposits of less than $100
Wide availability
How to choose a bank for your online business
Your exact needs depend on where you primarily sell. E-commerce sellers will likely need various software integrations and modern online banking tools. If you sell globally, a multicurrency account can save a ton in currency conversion fees.
Monthly fees. Quite a few business bank accounts have monthly maintenance fees, balance requirements or activity requirements. The accounts we choose — including Bluevine, Novo and Wise — charge no monthly fees to keep the account open.
Software integrations. As an online seller, you’ll likely manage most of your business online. Having a business account that integrates with bookkeeping software, payment processors and other sites makes tracking much easier.
Interest earnings. If your e-commerce business generates most of your income, your funds will probably sit in your business bank account. A few options, such as Bluevine, Found, Wise and Grasshopper, offer APY on your checking balance.
Cashback rewards. Who doesn’t like cash back? PayPal’s business account and Grasshopper cashback rewards on debit card purchases.
Accepts multiple currencies. If you sell globally, accepting multiple currencies without worrying about high currency conversion fees is a must-have. Wise and Revolut are great options for borderless business banking.
FDIC coverage. If you frequently hold over $250,000 in your business checking account, consider an account with expanded coverage. Most deposit accounts only cover up to $250,000, but some — like Bluevine — offer $3 million in FDIC insurance.
Bottom line
Starting a business is no small feat — separating your personal from your business funds is an important step for any business owner. Choosing the right business bank account for your e-commerce business is important. You’ll want something that integrates with services you already use, is affordable each month and offers tools to manage your business successfully.
For business owners, online sellers and dropshippers, a business bank account is highly recommended to separate business and personal funds. A business account can be very helpful for tracking expenses, filing taxes and limiting liability.
How much does it cost to open a business bank account?
Some business bank accounts require an opening deposit, often around $25 to $100. However, there are also multiple business accounts without monthly fees or opening deposit requirements, like Bluevine, Novo and Grasshopper. Opening a business bank account is nearly the same as opening a personal bank account but requires your business’ information and your personal information.
How much does it cost to start an e-commerce business?
There’s no set amount to start a shop on Etsy or Shopify or start selling on Amazon, because the cost largely depends on what you’re selling. As a base, expect around $2,000 to $5,000 to get started. Small businesses with physical locations may cost anywhere from $10,000 to $20,000 to get off the ground, but that normally factors in licenses and permits, storefront, equipment and inventory.
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 435 Finder guides across topics including:
This small business checking account comes with features like early access to payments, automatic savings for taxes and emergencies and pre-filled tax forms.
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