Best Business Checking Accounts of 2025
Compare leading providers to find the ideal business account for your needs
Staff Writer
Arorix Editorial Team
Updated: June 14, 2025, 5:29pm
- $0 fees, no minimum balance requirements
- Virtual cards, API access, and integrations with popular business tools
- FDIC-insured up to $5 million through partner banks
- Tailored for startups and technology companies
9.8
2
Best for Earning Interest
- $0 monthly fees, no minimum balance
- Earn up to 2.0% APY on balances up to $250,000
- Unlimited transactions and free bill pay
- Ideal for freelancers and small business owners seeking interest-bearing accounts
9.0
3
Best for Digital-First Businesses
- $0 monthly fees, integrates with Stripe, Shopify, QuickBooks
- Refunds all ATM fees
- Budgeting tools like “Reserves”
- Suitable for e-commerce businesses and entrepreneurs who prefer digital banking
8.8
- Built-in invoicing and auto expense tracking
- Generates Schedule C and tax estimates
- No monthly fees
- Designed for freelancers and gig workers handling their own taxes
8.5
- Up to 20 checking accounts under one business
- User roles and permissions for teams
- Integrates with QuickBooks and Xero
- Ideal for growing teams needing transparency and control
6
Best for Mobile Professionals
- Free and Pro plans available
- In-app invoicing, tax planning, and instant alerts
- Debit card with cashback at select retailers
- Great for service-based businesses and on-the-go workers
7.8
7
Best for In-Person Banking
- $15 monthly fee (waivable), access to 16,000+ ATMs and branches
- Includes merchant services and built-in Zelle
- Business credit cards and lending options available
- Suitable for entrepreneurs who want physical branches and full-service banking
7.5
- $0 fees, no minimum balance requirements
- Virtual cards, API access, and integrations with popular business tools
- FDIC-insured up to $5 million through partner banks
- Tailored for startups and technology companies
2
9.0
Bluevine - Best for Earning Interest
- $0 monthly fees, no minimum balance
- Earn up to 2.0% APY on balances up to $250,000
- Unlimited transactions and free bill pay
- Ideal for freelancers and small business owners seeking interest-bearing accounts
3
8.8
Nova - Best for Digital-First Businesses
- $0 monthly fees, integrates with Stripe, Shopify, QuickBooks
- Refunds all ATM fees
- Budgeting tools like “Reserves”
- Suitable for e-commerce businesses and entrepreneurs who prefer digital banking
4
8.5
Found - Best for Solopreneurs with Tax Tools
- Built-in invoicing and auto expense tracking
- Generates Schedule C and tax estimates
- No monthly fees
- Designed for freelancers and gig workers handling their own taxes
5
8.0
Relay - Best for Multi-Owner LLCs or Small Teams
- Up to 20 checking accounts under one business
- User roles and permissions for teams
- Integrates with QuickBooks and Xero
- Ideal for growing teams needing transparency and control
6
7.8
Lili - Best for Mobile Professionals
- Free and Pro plans available
- In-app invoicing, tax planning, and instant alerts
- Debit card with cashback at select retailers
- Great for service-based businesses and on-the-go workers
7
7.5
Chase - Best for In-Person Banking
- $15 monthly fee (waivable), access to 16,000+ ATMs and branches
- Includes merchant services and built-in Zelle
- Business credit cards and lending options available
- Suitable for entrepreneurs who want physical branches and full-service banking
8
7.0
American Express - Best for Amex Cardholders
- $0 monthly fees, no minimum balance requirements
- Earn 1.30% APY on balances up to $500,000
- Unlimited fee-free transactions and access to 70,000+ ATMs
- Ideal for existing Amex credit card users seeking integrated banking solutions
Looking for a Complete All-in-One Solution?
Best Overall Business Launch Solution
- EIN, docs, & custom branding included
- Access to Arorix OS™ business dashboard
- Website, CRM, and automation tools built-in
9.9
Opening a business bank account is one of the first—and most important—steps in building a strong financial foundation for your company. Whether you’re a freelancer, startup founder, or small business owner, the right account will help you separate personal and business finances, track expenses, simplify tax filing, and project a professional image. This guide breaks down the best business banking options available today and helps you choose the one that fits your goals, budget, and growth plans.
What Is a Business Bank Account?
A business bank account is a dedicated financial account used exclusively for managing a company’s finances. It separates personal and business transactions, ensuring clear financial records, simplifying tax reporting, and enhancing professionalism. These accounts often come with features tailored to business needs, such as invoicing tools, employee debit cards, and integrations with accounting software.
Tax Differences
Separation of Finances: Using a business account keeps personal and business finances distinct, reducing the risk of tax errors and audits.
Simplified Tax Reporting: Clear records from a business account make it easier to track deductible expenses and prepare accurate tax returns.
Opening Costs and Fees
Business bank account pricing varies depending on the provider and type of business, but common fees include:
- Monthly maintenance fees (usually $0–$25; many are waivable)
- Transaction limits and excess activity charges
- Incoming/outgoing wire transfer fees
- Overdraft or returned item fees
- Add-on features like cash deposits or bookkeeping tools may have costs
Most modern, online-first banks are designed to keep fees low or eliminate them entirely.
Top Features to Take Advantage Of
When comparing business bank accounts, look for these high-impact features:
- No or low monthly fees with reasonable limits
- Mobile banking with intuitive dashboards
- Accounting and payment integrations (e.g., QuickBooks, Stripe)
- High APY for balances (some offer 1.3%–2.0%)
- Virtual and physical debit cards for teams
- Customer support access via chat, phone, or email
- Cash management tools like sub-accounts or reserve.
Who It’s Best For
Business banking is essential for:
- Sole proprietors and freelancers who want clear financial separation and better tax prep
- Startups managing investor funds, team payroll, or digital revenue
- Multi-member LLCs or corporations who must comply with state and federal reporting rules
- E-commerce and service providers needing integration with payment platforms or CRMs
Common Mistakes to Avoid
Starting an LLC is a smart move for many entrepreneurs, but simple oversights can lead to legal headaches, extra fees, or unnecessary delays. Here are some of the most common mistakes to watch out for—and how to avoid them:
- Using Your Personal Address
Many new business owners list their home address on LLC documents. This can make your address public and open the door to privacy concerns. Using a registered agent or virtual business address can solve this. - Skipping the Operating Agreement
Even if your state doesn’t require one, an Operating Agreement outlines how your business is run and protects you during disputes. Don’t treat it as optional—it’s a critical document, especially for multi-member LLCs. - Failing to Appoint a Registered Agent
Every LLC needs a registered agent to receive legal and government correspondence. Forgetting this step—or appointing someone unreliable—can risk your business missing important notices. - Not Checking Business Name Availability
Picking a name before making sure it’s available in your state can delay your filing or cause a rejection. Always run a name search before submitting your paperwork. - Ignoring Ongoing Compliance Requirements
Filing your LLC is just the beginning. Many states require annual reports, franchise taxes, or other compliance steps. Missing these can lead to penalties or even dissolution. - Mixing Personal and Business Finances
One of the key benefits of an LLC is liability protection, but that can be weakened if you don’t open a separate business bank account or mix your finances.
Frequently Asked Questions (FAQs)
Do I need a business bank account as a sole proprietor?
No, but it’s strongly recommended. It helps separate business income, reduces tax confusion, and projects professionalism.
Can I open a business bank account online?
Yes. Most online-first banks offer fast, fully digital onboarding. You’ll usually need an EIN, business name, and personal ID.
What should I look for in a business bank account?
Low fees, helpful integrations, mobile tools, strong support, and a setup that fits your business model.
Are there accounts with no fees at all?
Yes. Several top providers (like Mercury, Novo, and Found) offer $0 fee accounts with modern features.
Do business accounts offer interest?
Some do. Look for accounts with high-yield checking or integrated savings options if you carry a large balance.
