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Best Online Business Checking Accounts Of December 2024

Compare 2024's online business checking accounts in one place

✓ Low monthly fees & overdraft fees

✓ Easy 24/7 mobile access

Unlimited transactions

Relay Logo

9.7

4.9/5

Relay

All-in-one banking for small business owners

Best for online small business banking

All-in-one banking for small business owners

Apply online in 3 minutes

Best for online small business banking

Found Logo

9.5

4.8/5

Found

All your banking needs for the self-employed

Best for sole proprietorships 

All your banking needs for the self-employed

Best for sole proprietorships 

Novo Logo

9.4

4.7/5

Novo

Great for online-only businesses

Best for established LLCs

Great for online-only businesses

Mercury Logo

9.2

4.6/5

Mercury

Business banking for scaling startups

Business banking for scaling startups

Bluevine Logo

9.0

4.5/5

Bluevine

Competitive yield with no monthly fees

Competitive yield with no monthly fees

U.S. Bank Logo

8.8

4.4/5

U.S. Bank

Trusted name with a large sign up bonus

Trusted name with a large sign up bonus

Chase Logo

8.6

4.3/5

Chase

National branch access with unlimited transactions

National branch access with unlimited transactions

250,000+ people

have chosen a new account using SmartWealthTrends!​

Our Ratings:

The rating system for the best business checking accounts consists of a combination of the following 3 components:

We evaluate the monthly maintenance fees, transaction fees, and the ease of fee waivers to ensure cost-effectiveness for businesses.

The quality and availability of customer support services provided by the bank. Higher ratings are given to banks with 24/7 support and high customer satisfaction.

We recommend accounts from reputable banks with strong financial stability and positive reviews from business customers.

Best Online Business Checking Account Of 2024

Relay Logo

9.5

4.7/5

Relay

Our #1 choice for small business owners

Best for small business banking

Best for small business banking

How We Picked These Online Business Checking Accounts

  1. Fees and Account Requirements: We prioritized accounts with low or no monthly maintenance fees and straightforward ways to waive these fees. We also considered transaction fees, cash deposit fees, and wire transfer fees to ensure they are reasonable and transparent.

  2. Accessibility and Convenience: We evaluated the ease of accessing accounts through online and mobile banking platforms. This includes features like mobile check deposits, online bill pay, and a wide network of ATMs and physical branches to facilitate easy day-to-day operations.

  3. Additional Features and Services: We looked at the availability of business-specific features such as business debit and credit cards, rewards programs, and integration with accounting tools. We also considered the potential for additional services like business loans and lines of credit, which can be crucial for future business growth.

  4. Customer Support: We rated the quality of customer service, including the availability of support through various channels (phone, email, chat) and overall customer satisfaction. Reliable customer support is essential for addressing business needs promptly and efficiently.

  5. Bank Reputation: We considered the bank's overall reputation, including its financial stability and customer reviews. We recommend accounts from banks that are well-regarded in the business community and have a track record of providing reliable and trustworthy services.

What Online Business Checking Account Should You Choose?

Platform
VS
idBghtMyL1 1720431380134
VS
idpmMLw2CI 1724356755945
Opening Deposit
$0
VS
$0
VS
$0
Checking APY
0%
VS
3.00%
VS
0%
Monthly Fees
$0
VS
$0
VS
$0
FDIC Insurance
$250,000
VS
Up to $3,000,000
VS
$250,000

How to Choose the Right Online Business Checking Account?

  1. Your Business Needs: Evaluate what your business requires from a checking account. Consider factors such as the volume of transactions, the need for cash deposits, and the frequency of wire transfers. Ensure the account can handle your business’s operational needs without incurring excessive fees.

  2. Account Usage: Think about how you will use the account daily. If you need frequent ATM access or prefer in-person banking, choose a bank with a vast network of ATMs and branches. A bank with robust digital banking tools and mobile app capabilities may be more suitable for businesses that operate primarily online.

  3. Long-term Value: Look beyond initial bonuses and consider the long-term benefits of the account. Assess the ongoing fee structures, balance interest rates, and additional services, such as business loans, credit cards, or rewards programs. The account should provide value that aligns with your business growth plans.

  4. Evaluate Multiple Offers: Compare the different business checking accounts available. Consider the bonus amounts and the terms and conditions attached to those bonuses. Some accounts may offer higher bonuses but have higher fees or stricter requirements. Balance the initial incentives with the overall cost-effectiveness of the account.

  5. Customer Support: Ensure that the bank provides reliable customer service. Accessible and responsive support is crucial for addressing any issues with your account. Look for banks with positive customer service reviews and multiple support channels.

Our Top Online Business Checking Account Options As Of December 01, 2024

Platform

Monthly Fees

Site

Relay Logo

$0/mo

Found Logo

$0/mo

Novo Logo

$0/mo

Disclosures

Relay

 

Relay is a financial technology company, not a bank. Banking services and FDIC insurance are provided through Thread Bank, Member 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.

*The interest rates and annual percentage yield on your account are accurate as of 05/16/23 and are variable and subject to change based on the target range of the Federal Funds rate. APY will vary between 1-3% depending on the balances held. Earn 1% APY on savings balances of less than $50,000, 1.5% APY on savings between $50,000 and $250,000, 2% APY on savings balances between $250,000 and $1,000,000 and 3% APY on savings balances of more than $1,000,000. There are no minimum balances or minimum deposits required to earn interest on your account. 

Found

 

Found is a financial technology company, not a bank. Business banking services are provided by Piermont Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category. The Found Mastercard Business debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted.

 

*Found's core features are free. They also offer a paid product, Found Plus. 

Novo

 

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.

*The interest rates and annual percentage yield on your account are accurate as of 05/16/23 and are variable and subject to change based on the target range of the Federal Funds rate. APY will vary between 1-3% depending on the balances held. Earn 1% APY on savings balances of less than $50,000, 1.5% APY on savings between $50,000 and $250,000, 2% APY on savings balances between $250,000 and $1,000,000 and 3% APY on savings balances of more than $1,000,000. There are no minimum balances or minimum deposits required to earn interest on your account. 

U.S. Bank:

 

Complete these steps to earn the offer:

1. Earn your $350. Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.

2. Earn your $800. Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening

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