Our Top Picks

AXOS Logo
AXOS Basic Business Checking
  • Interest Rate: 0.81% APY on average daily balance of $5,000+
  • Rewards: $100 welcome bonus for new account
  • Mobile Deposit: Yes

The Axos Basic Business Checking account is well-suited to businesses that don’t take cash payments and have decent financial reserves. The account is singular in that it doesn’t take cash deposits, but it’s also unique by offering a substantial 0.81% interest on balances over $5,000. The interest is lost if the average balance dips below $5,000, but there’s no account fee for a lower balance.

Pros & Cons

Pros

  • 81% APY interest with a $5,000 balance
  • $100 welcome bonus
  • 200 free transactions per month

Cons

  • No cash deposits available

Summary

AXOS Logo
AXOS Basic Business Checking
  • Checking Account Fees
  • Cash Deposit Fees
    No cash deposits
  • ATM Fees
    No atm fees
  • Transaction Fees
    Up to 200 free items (debits, credits, or deposited items) per month, $.30 per item thereafter
  • Checking Min. Balance
    No Minimum Balance
Features
  • Interest Rate: 0.81% APY on average daily balance of $5,000+
  • Rewards: $100 welcome bonus for new account
  • Mobile Deposit: Yes
Azlo Logo
Azlo
  • Interest Rate: 0%
  • Rewards: None
  • Mobile Deposit: Yes

The Azlo checking account gives freelancers and microbusinesses the tools they need to financially operate. The account doesn’t offer any perks, but it only charges transaction fees on transfers. There’s no account fee, cash deposit fee, ATM withdrawal fee, or minimum deposit. That makes it one of the most affordable business checking account options.

Pros & Cons

Pros

  • No cash deposit fees
  • No ATM fees

Cons

  • No interest or rewards
  • Transaction fee on all transfers

Summary

  • Checking Account Fees
  • Cash Deposit Fees
    None
  • ATM Fees
    No atm fees; No refunds for fees charged by other banks
  • Transaction Fees
    2% fee for transfers into Azlo
    $2 flat fee for transfers out of Azlo
  • Checking Min. Balance
    No Minimum Balance
Features
  • Interest Rate: 0%
  • Rewards: None
  • Mobile Deposit: Yes
BBVA Logo
BBVA ClearConnect for Business
  • Interest Rate: 0%
  • Rewards: Cash back for debit card purchases
  • Mobile Deposit: Yes

The BBVA CLearConnect for Business checking account is an option for business owners who have a BBVA branch nearby. A few transactions are free each month if they’re conducted in person at a branch, so businesses far from a branch will want to look for another option. The cash back on debit purchases is a unique feature, though, and one that business owners who can get to a branch might want to take advantage of.

Pros & Cons

Pros

  • Cash back on debit card purchases

Cons

  • Few free transactions that must be made in-branch

Summary

BBVA Logo
BBVA ClearConnect for Business
  • Checking Account Fees
  • Cash Deposit Fees
    No charge for up to $5,000 in cash processing per month
  • ATM Fees
    No atm fees for BBVA USA ATM
    Non-BBVA banks may have fees
  • Transaction Fees
    Up to 5 processed checks and in-branch withdrawals, and 2 in-branch deposits processed per month at no additional charge
  • Checking Min. Balance
    No Minimum Balance
Features
  • Interest Rate: 0%
  • Rewards: Cash back for debit card purchases
  • Mobile Deposit: Yes
BlueVine Logo
BlueVine
  • Interest Rate: 1.0% on balance of $1,000+
  • Rewards: None
  • Mobile Deposit: Yes

BlueVine focuses on what a checking account should do best: checks. The account has fees for credit card transactions and cash deposits, but checks and their digital equivalent of ACH transactions are completely fee-free. ATM fees are also $0 as long as you go to an in-network ATM.

The BlueVine checking account is especially attractive to account holders who have $1,000 or more to keep in their account. With this balance, the account pays 1.0% interest — which is more than many savings accounts are currently offering.

Pros & Cons

Pros

  • 0% APY interest with $1,000 balance
  • No transaction fees on ACH or check payments

Cons

  • $4.95 fee on all cash deposits

Summary

BlueVine Logo
BlueVine
  • Checking Account Fees
  • Cash Deposit Fees
    $4.95
  • ATM Fees
    No ATM fees at 38,000+ MoneyPass® locations nationally
  • Transaction Fees
    2.9% on payments made via credit card
    No fees on payments made via ACH or Check
  • Checking Min. Balance
    No minimum deposit or balance
Features
  • Interest Rate: 1.0% on balance of $1,000+
  • Rewards: None
  • Mobile Deposit: Yes
Chase Logo
Chase Total Business Checking®
  • Interest Rate: 0%
  • Rewards: None
  • Mobile Deposit: Yes

The Chase Total Business Checking account offers businesses that have reserve funds a flexible and affordable banking solution. Businesses will want cash reserves of at least $1,500 to avoid the $12 monthly account fee. For those who do have such funds, the account offers a low-cost option that comes with access to Chase’s extensive network of ATMs.

Pros & Cons

Pros

  • 100 free transactions per month
  • No fee on first $5,000 in cash deposits per month
  • No fee for Chase ATMs

Cons

  • Minimum daily balance of $1,500 to avoid $12 monthly account fee
  • $2.50 fee for non-Chase ATMs
  • No interest or rewards

Summary

Chase Logo
Chase Total Business Checking®
  • Checking Account Fees
  • Cash Deposit Fees
    No fees for up to $5,000
  • ATM Fees
    No atm fees within Chase ATMs
    $2.50 fee per transaction for other banks' ATM
  • Transaction Fees
    No fees for up 100 transactions per month
    $0.40 for each debit and non-electronic deposit above 100 transactions
  • Checking Min. Balance
    $12 monthly service fee OR $0 with $1,500 balance at the beginning of each day
Features
  • Interest Rate: 0%
  • Rewards: None
  • Mobile Deposit: Yes
Citizens Bank Logo
Citizens Bank Clearly Better Business Checking
  • Interest Rate: 0%
  • Rewards: None
  • Mobile Deposit: Yes

Citizens Bank Clearly Better Business Checking meets the needs of small businesses that have a modest number of monthly transactions. The account doesn’t charge a fee on the first 200 transactions or cash deposits each month, and there are no account, ATM, or low balance fees. As long as a business doesn’t have more than 200 transactions in a month, this can be used for free.

Pros & Cons

Pros

  • 200 free transactions per month
  • Cash deposits included in the 200 free transactions
  • No fee for Citizens Bank ATMs

Cons

  • No interest or rewards

Summary

Citizens Bank Logo
Citizens Bank Clearly Better Business Checking
  • Checking Account Fees
  • Cash Deposit Fees
    Up to 200 check (including cash deposits) transactions per statement period at no charge
    50¢ per additional
  • ATM Fees
    No atm fees within Citizens Bank
  • Transaction Fees
    Up to 200 check (including cash deposits) transactions per statement period at no charge
    50¢ per additional
  • Checking Min. Balance
    No Minimum Balance
Features
  • Interest Rate: 0%
  • Rewards: None
  • Mobile Deposit: Yes
Huntington National Bank Logo
Huntington National Bank Business Checking 100
  • Interest Rate: 0%
  • Rewards: None
  • Mobile Deposit: Yes

Huntington National Bank Business Checking is also designed for businesses with modest activity. The account allows up to 100 free transactions and $5,000 free in cash deposits per month, and there are no fees when using Huntington ATMs. If businesses can meet these criteria, the account can be had for free. Accounts also come with a 120-day trial of a fraud tool, which new business owners may want to try using.

Pros & Cons

Pros

  • 100 free transactions per month
  • No fee for first $5,000 in cash deposits per month
  • No fee for Huntington ATMs

Cons

  • $3 fee for non-Huntington ATMs
  • No interest or rewards

Summary

Huntington National Bank Logo
Huntington National Bank Business Checking 100
  • Checking Account Fees
  • Cash Deposit Fees
    Deposit up to $5,000 in cash or currency monthly in-branch or at an ATM at no charge; $0.30 fee for each $100 after
  • ATM Fees
    No atm fees within Huntington ATM
    $3.00/transaction for non-Huntington ATM + any fee charged by ATM owner
  • Transaction Fees
    No fee for up to 100 transactions per month
    $0.50 per transaction over 100
  • Checking Min. Balance
    No Minimum Balance
Features
  • Interest Rate: 0%
  • Rewards: None
  • Mobile Deposit: Yes
Novo Logo
Novo
  • Interest Rate: 0%
  • Rewards: Cash back on transactions with select partners
  • Mobile Deposit: Yes

The Novo business checking account isn’t free, as it charges 1% on all transactions. The bank does refund all ATM fees, though, and there aren’t cash deposit or account fees. For businesses with few transactions, this is a viable option that also comes with cash back when purchasing from select partners. Whether the cash back is useful depends on where a business makes purchases.

Pros & Cons

Pros

  • No cash deposit fees
  • Other banks’ ATM fees refunded
  • Cash back with select merchants

Cons

  • 1% transaction fee on all transactions

Summary

  • Checking Account Fees
  • Cash Deposit Fees
    None
  • ATM Fees
    Refunds all ATM fees
  • Transaction Fees
    1% international transaction fee
  • Checking Min. Balance
    No Minimum Balance
Features
  • Interest Rate: 0%
  • Rewards: Cash back on transactions with select partners
  • Mobile Deposit: Yes
Radius Bank Logo
Radius Bank Tailored Checking
  • Interest Rate: 0.10% on balance of $5,000+
  • Rewards: 1% cash back on transactions run as credit
  • Mobile Deposit: Yes

The Radius Bank Tailored Checking account is an extremely attractive option for businesses that keep at least $5,000 on hand. That’s the minimum amount to avoid a $10 account fee, and businesses that can avoid that fee don’t have to worry about transaction, cash deposit, or ATM fees. Radius Bank doesn’t charge any, and it refunds other banks’ ATM fees.

The account also comes with 0.10% APY interest, which is better than nothing. The 1% cash back on credit purchases is where businesses that make lots of purchases can really benefit from using this account.

Pros & Cons

Pros

  • No transaction or cash deposit fees
  • Other banks’ ATM fees refunded
  • 1% cash back on credit transactions

Cons

  • $5,000 minimum balance to avoid $10 account fee

Summary

Radius Bank Logo
Radius Bank Tailored Checking
  • Checking Account Fees
  • Cash Deposit Fees
    None
  • ATM Fees
    No atm fees
    Rebates on fees charged by other banks
  • Transaction Fees
    None
  • Checking Min. Balance
    No Minimum Balance requirement after $100 to open
Features
  • Interest Rate: 0.10% on balance of $5,000+
  • Rewards: 1% cash back on transactions run as credit
  • Mobile Deposit: Yes
US Bank Logo
US Bank Silver Business Checking
  • Interest Rate: 0%
  • Rewards: Cash back or travel rewards when account is paired with a US Bank Business Rewards Credit Card
  • Mobile Deposit: Yes

The US Bank Silver Business Checking might be of interest to smaller businesses that make fewer than 150 transactions per month. The account doesn’t charge a transaction fee until after 150 transactions, and it also allows 25 free cash deposits per month and has no account fee. For businesses that fit this description, the account is essentially free to maintain.

There is cash back available through the account with a qualifying US Bank credit card, which is a helpful additional perk.

Pros & Cons

Pros

  • 150 free transactions per statement period
  • 25 free cash deposits per month
  • No fees for US Bank ATMs

Cons

  • Cash back and travel rewards require credit card

Summary

US Bank Logo
US Bank Silver Business Checking
  • Checking Account Fees
  • Cash Deposit Fees
    No fees for up to 25 cash deposits per month
  • ATM Fees
    No fees for US Bank atm transactions
  • Transaction Fees
    $0.50 for each transaction above 150 (per statement cycle)
  • Checking Min. Balance
    No Minimum Balance
Features
  • Interest Rate: 0%
  • Rewards: Cash back or travel rewards when account is paired with a US Bank Business Rewards Credit Card
  • Mobile Deposit: Yes

How We Chose the Best Business Checking Accounts

There are many banks and credit unions that provide business checking accounts, and these accounts may offer a variety of features. We researched the business checking accounts currently available to identify the best ones of 2021, basing our list on what business owners care about most.

Fees

Many business checking accounts have regular fees associated with them, and all charge fees for certain issues like bounced checks. Understanding the fee structure associated with an account is the only way business owners can appreciate the cost of maintaining an account and know how to keep their checking account fees as low as possible.

We analyzed business checking accounts’ account, transaction, cash deposit, and ATM fees.

Benefits

The best business checking accounts offer rewards, such as cash back or travel rewards. These perks can add up to significant benefits, depending on how much an account is used.

We checked whether accounts offered rewards that matter to business owners, paying special attention to cash back that businesses can use to boost their bottom line.

Mobile Check Deposit

In today’s fast-moving world, business owners and employees frequently take payments outside the office. They need a quick and convenient way to deposit check payments, and that’s what mobile check deposit offers.

We looked for business checking accounts that include mobile check deposit so business owners can make deposits anywhere with an internet connection.