Best Business Checking Accounts
We’ve compared 50 checking accounts at 20 banks and credit unions to find some of the best business checking accounts available. For the purposes of this list, Forbes Advisor focused on checking accounts that are nationally available to small businesses.
Annual percentage yields (APYs) and account details are accurate as of Sept. 2, 2022.
Summary: Best Business Checking Accounts
| COMPANY | FORBES ADVISOR RATING | ANNUAL PERCENTAGE YIELD | MINIMUM DEPOSIT REQUIREMENT | MONTHLY MAINTENANCE FEE | LEARN MORE |
|---|---|---|---|---|---|
 nbkc bank Business Checking Account |
4.4
|
0% | $0 | $0 | Learn More
Read Our Full Review |
 TIAA Bank Small Business Checking |
4.0
|
0.10% | $1,500 | $0 | Learn More
Read Our Full Review |
 LendingClub Tailored Checking Account |
4.0
|
1.00% on balances up to $100,000 and 0.10% APY any balance portion over 100,000 |
$100 | $10 or $0 | Learn More
Read Our Full Review |
 Bluevine Business Checking |
3.9
|
1.50% on balances up to and including $100,000 |
$0 | $0 | Learn More
Read Our Full Review |
 U.S. Bank Silver Business Checking Package |
3.8
|
0% | $100 | $0 | Learn More
On U.S. Bank’s Website |
 First Internet Bank Do More Business Checking |
3.6
|
0.50% with average daily balance of $10,000 |
$0 | $0 | Learn More
Read Our Full Review |
 Novo Business Checking Account |
3.6
|
0% | $0 Though Novo requests $50 |
$0 | Learn More
Read Our Full Review |
 Bank of America Business Advantage Fundamentals Banking |
3.5
|
0% | $100 | $16 or $0 | Learn More
Read Our Full Review |
 Chase Business Complete Banking℠ |
3.4
|
0% | $0 | $15 or $0 | Learn More
Read Our Full Review |
 Axos Bank Basic Business Checking |
3.4
|
0% | $0 | $0 | Learn More
On Axos Bank’s Website |
Methodology
To create this list, Forbes Advisor analyzed 50 business checking accounts at 20 financial institutions, including a mix of traditional brick-and-mortar banks and online banks. We ranked each account on data points within the categories of fees, minimum requirements, customer experience, digital experience, limits, features, APY and access.
Here’s the weighting assigned to each category:
- Fees: 30%
- Customer and digital experience: 20%
- Minimums: 15%
- Limits: 12.5%
- Features: 10%
- Access: 7.5%
- APY: 5%
The specific characteristics taken into consideration within each category included monthly fees, overdraft fees, ATM fees, minimum deposit requirements, minimum balance requirements, integration with accounting and payroll, merchant services, cash deposit and transaction limits, APY, customer service ratings, mobile and online access, ATM network and the national availability of the account.
Business checking accounts offering no or very low fees scored higher, as did those offering low minimum requirements, high customer service and digital experience scores, and reasonable transaction and cash deposit limits. To appear on this list, the business checking account must be nationally available.
source:ForbesAdvisor.com
