The best online business bank accounts combine strong APYs, low fees, and powerful digital tools. Learn how to choose the right fit for your business.
The best online business bank accounts for 2026 offer a mix of low fees, strong interest rates, and built-in tools that help you manage cash flow, payments, and expenses in one place.
In this guide, I’ve reviewed 11 top options and what each one does best, so you can quickly find the right fit for your business.
| Provider | Best for | Monthly fee |
|---|---|---|
| Bluevine | Small businesses seeking high APY on checking | None |
| Mercury | Robust startup services and free USD wire transfers | None |
| American Express | Businesses wanting no-fee high-yield checking | None |
| Relay | Large teams seeking more accounts and debit cards | None |
| Grasshopper Bank | High-yield bundled business accounts and free payment software | None |
| First Internet Bank | Full service banking and uncapped interest | None |
| Novo | Speedy fund access and express payments | None |
| Live Oak Bank | High-APY savings and SBA financing | None |
| Found | Freelancers and self-employed professional needing tax preparation tools | No monthly fee required |
| North One | Budgeting and multiple software integrations | None |
| Lili | Built-in accounting and high-yield savings | None |
To build this list of the best online business bank accounts, I focused on providers that consistently rank well for everyday business banking, along with newer fintech options that are gaining traction among small business owners. My goal was to highlight accounts that not only keep costs low but also make it easier to manage cash flow, payments, and financial operations in one place.
Each account was evaluated using consistent criteria that reflect how business owners actually choose a bank, including the following categories:
Pricing & value: I compared monthly fees, transaction limits, and any additional costs, along with interest-earning potential, to determine overall value for different business sizes.
Core features: I looked at essential banking capabilities such as transfers, bill pay, mobile access, and cash management tools, as well as standout features like high APYs, invoicing, or expense tracking.
Ease of use: I considered how simple it is to open an account, navigate the platform, and manage day-to-day banking tasks.
Integrations: I reviewed how well each account connects with tools like QuickBooks, Stripe, PayPal, and other commonly used business platforms.
Customer support: I evaluated support availability, response channels, and whether help is accessible when you need it.
User feedback: To validate real-world performance, I incorporated customer reviews and sentiment from trusted third-party platforms and industry sources.
When possible, I also explored product demos, account walkthroughs, and firsthand user experiences to better understand how each platform performs in day-to-day business use.
Discussions on platforms like Reddit and Quora reveal that business owners often prioritize low fees, fast transaction processing, and responsive customer service when selecting online business bank accounts.
Among fintech options, Bluevine receives praise for its user-friendly app and efficient transfer processes, though some users note limitations like the absence of Zelle integration.
American Express Business Checking is commended for its no-fee structure and absence of minimum balance requirements, appealing to businesses seeking straightforward banking solutions. However, experiences with other fintechs like Found and North One are mixed, with some users expressing concerns about long payment holds and hidden fees.
Overall, while online banks offer innovative features and cost advantages, business owners emphasize the importance of thoroughly researching each institution’s terms and customer feedback to ensure they align with specific business needs.
The table below reflects the top factors I evaluated for the 11 best online business banks.
| Provider | Our rating (out of 5) | APY? | Offers free monthly transactions | Allows free cash deposit |
|---|---|---|---|---|
| Bluevine Standard | 4.55 | 1.3% | Yes, unlimited | No |
| Mercury Business Checking | 4.38 | N/A | Yes, unlimited | No |
| American Express Business Checking | 4.40 | 1.30% | Yes, unlimited | Cash deposits not accepted |
| Grasshopper Accelerator Business Checking | 4.28 | 1.80% | Yes, unlimited | Cash deposits not accepted |
| Relay Business Checking | 4.23 | N/A | Yes, unlimited | Yes |
| First Internet Bank Do More BusinessTM Checking | 4.16 | 0.50% | Yes, unlimited | Cash deposits not accepted |
| Novo Business Checking | 4.14 | N/A | Yes, unlimited | Cash deposits not accepted |
| Live Oak Bank Business Savings | 4.01 | 2.85% | Yes, unlimited | No |
| North One Standard Account | 3.83 | Up to 2.50% | Yes, unlimited | No |
| Found Business Checking | 3.80 | N/A | Yes | No |
| Lili Core | 3.75 | N/A | Yes, unlimited | No |
Our rating: 4.55 out of 5
Bluevine is an excellent fintech solution that offers three business checking options with competitive rates, unlimited debit card cash back, and a top-tier line of credit. You can access multiple accounting and business payment software, extended FDIC insurance of up to $3 million, and speedy international payments. Applying for a Bluevine checking account is convenient and can be completed online in minutes. Approvals can also be as fast as 24 hours.
I picked Bluevine as the overall best because, apart from the easy online application for scalable business accounts, you can also apply for the best line of credit financing online. As a starter account, Bluevine Standard offers a good APY of 1.3% for up to $250,000 for qualifying deposits.
As your business balances increase, you can switch to Bluevine Plus and Bluevine Premier to access higher rates of 2.0% to 3.25% and lower fees for same-day ACH and outbound wire transfers. For Bluevine’s line of credit, the qualifications are lower than those of other providers. You just need a minimum annual revenue of $120,000, and your business must be operating for 12-plus months.
Bluevine Standard checking account also lets you save a lot with no required opening deposit, monthly fee, or standard ACH fees. Domestic wire transfers are also free, and transactions are unlimited. Unlike some online providers, Bluevine lets you deposit cash at Green Dot and Allpoint+ ATMs.
| Pros | Cons |
|---|---|
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Our rating: 4.38 out of 5
Mercury is a fintech that supports startups, e-commerce, and venture capital firms. It offers a fee-free checking account with solid startup products and services, like venture debt, simple agreements for future equity (SAFEs), and investor community programs.
Applying for an online account takes 10 minutes, and approvals are typically done in a day or two. Mercury protects your funds through its online risk management tool. You can access high FDIC coverage of up to $5 million via sweep networks with partner banks.
Mercury stands out from other financial providers for its wide array of startup solutions. It offers an investor database and networking program where company founders can pitch ideas, raise funding, and get a mentorship opportunity. Startup firms can also save by opening a largely fee-free business checking account with no initial deposit or monthly fee. Additionally, you won’t worry about receiving and sending domestic and international wire transfers in USD since no fees are charged.
Eligible users can also get a no-annual-fee Mercury corporate card that earns 1.5% cash back on all purchases. The only downside is that Mercury lacks a cash deposit option to fund your account.
| Pros | Cons |
|---|---|
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Our rating: 4.40 out of 5
American Express Business Checking is best for business owners who prioritize a no-fee, high-yield checking account with seamless digital banking. It’s ideal for small businesses, freelancers, and entrepreneurs who don’t rely on cash deposits and prefer earning interest on their balances.
This account also allows users to earn Membership Rewards® points on eligible debit card purchases, making it a great choice for those who want to maximize rewards while managing their business finances. However, businesses needing frequent in-person banking services may find it less suitable.
I recommend American Express Business Checking for business owners who want a cost-effective account that also rewards everyday spending. With no monthly fees, a competitive interest rate, and the ability to earn Membership Rewards® points on debit purchases, it’s a smart choice for those who prefer digital banking.
The seamless integration with Amex credit cards makes managing finances easier, especially for entrepreneurs and freelancers. If you’re looking for a banking solution that combines savings, convenience, and rewards, this account stands out.
| Pros | Cons |
|---|---|
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Our rating: 4.28 out of 5
Another top choice for the best online bank for business accounts is Grasshopper Bank, where online applications for a business checking account take only five minutes.
The initial opening deposit requirement is $100, but no monthly fees will be charged. Grasshopper offers two types of the best online business banking accounts: Innovator and Accelerator. Innovator is designed for small businesses and mid-sized companies, while Accelerator is created for early-stage startups and venture capital or private equity firms.
Grasshopper’s other products include money market accounts that provide higher APYs if you combine them with a checking product, startup banking services, treasury management, commercial real estate (CRE) loans, and SBA loans.
Grasshopper is a digital bank that made it to our list for its uncapped APY of up to 1.80% under its Accelerator Checking product. Pairing your checking account with an Accelerator Money Market Savings Account can push up your APY earnings to 3.55% as long as you maintain a balance of over $25,000.
With unlimited transactions, no monthly fees, and cash back on debit card purchases, your reserve funds are bound to grow with Grasshopper. Additionally, you can take advantage of its integrated payment and invoicing software, Autobooks, which normally costs $9.99 per month.
Grasshopper Bank offers fee-free ATM transactions at 45,000 MoneyPass and SUM network ATMs, but does not provide a cash deposit option.
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Our rating: 4.23 out of 5
Ideal for multi-member teams, the digital fintech Relay offers a business checking account that has no required minimum balance, opening deposit, or monthly fee. You get customizable debit cards, additional subaccounts, and low outgoing wire transfer fees.
Apart from its free business checking account, Relay also offers a higher-tier plan, Relay Pro, which costs $30 monthly. Under Relay Pro, you get same-day ACH transfers, fee-free wire transfers, and the option to batch bill payments. In addition, you can also open up to two business savings accounts with tiered APY from 1.75% to 3.76%.
With Relay, businesses with large teams can open up to 20 reserve accounts and up to 50 physical and virtual debit cards, making it easy to organize your company funds and control your spending.
Collaboration is also simple by setting up different employee permissions. You can allow specific team members to create ACH, wire, and check payments, as well as pay and approve bills. If you and your staff need instant, real-time answers, you can also use Relay’s 24/7 virtual assistant or connect to a live agent to get accurate information within the day.
Relay users can perform unlimited transactions and deposit and withdraw for free at Allpoint ATMs. Another option is to deposit cash at Green Dot retail locations for a fee of up to $4.95.
| Pros | Cons |
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Our rating: 4.16 out of 5
The Do More BusinessTM Checking product of First Internet Bank offers unlimited transactions and no monthly fees. You also won’t be charged for ACH and ATM fees, although third-party operator charges can apply. The good news is that First Internet Bank provides ATM fee refunds of up to $10 monthly.
Your checking account also integrates with popular accounting and business payment software, QuickBooks, and Zelle. The bank lets you earn a higher yield through its Balance Optimizer feature, where you can set up a daily target balance and move your excess money automatically from your checking to a money market or business savings account for better yields.
Although First Internet Bank’s Do More BusinessTM Checking account has a lower APY than others at 0.50%, its interest remains uncapped. It also provides a full suite of business banking products, so if you’re looking to have all your business banking, financing, and cash management in one place, it is the right choice.
You can conveniently open other business products online, such as high-yield CDs, business savings, and money market accounts, including lines of credit, SBA loans, and CRE loans. Merchant services are also available, along with treasury management.
First Internet Bank does not charge ATM fees, but third-party fees can apply. Note that users cannot make cash deposits. Compared to other providers, its customer service hours are also longer. You can reach a bank representative from 7 a.m. to 9 p.m. on weekdays and 9 a.m. to 3 p.m. on Saturdays.
| Pros | Cons |
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Our rating: 4.14 out of 5
Another notable addition to the best online business banks is Novo with its fee-free business checking account, which frees users from paying monthly fees, standard ACH fees, and incoming domestic wire transfers.
You can receive your Stripe payments faster through Novo Boost while sending payments quickly using Express ACH. In addition, you can get ATM fee refunds of up to $7 monthly and send international payments for a low fee since Novo partners with Wise.
Novo is a great online provider for small businesses that rely on the fast collection of customer payments to boost their working capital. You won’t need to wait for days for Stripe payouts and can receive them in a matter of hours.
You can also increase your product inventory by paying your suppliers through Express ACH, where payments can be reflected on the same day. With Novo, organizing your business expenses is also easy since you are allowed up to 20 reserve accounts to help you categorize your income and expenses.
Novo Business Checking has unlimited monthly transactions but does not offer an APY. Cash deposits can be made only through money orders.
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Our rating: 4.01 out of 5
Live Oak Bank is an online-only bank that has one of the highest savings APY (2.85%) in the market. With no required opening deposit, monthly fee, and only a 1-cent requirement to earn interest, it is an easy choice for businesses seeking additional earnings for idle funds. You can also access an FDIC-insurance coverage of up to $10 million via its insured cash sweep program.
It is easy to see why Live Oak Bank is often included in the best business savings accounts roundup, with its excellent high-yield savings product for balances above one cent. As one of the best online banks for businesses, you can access multiple products, such as business checking, certificates of deposit, Small Business Administration (SBA) loans, and commercial loans.
If SBA financing is one of your business needs, you can readily apply online. It is the top SBA lender currently in 2025, with a total loan volume of $1.5 billion-plus as of March.
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Our rating: 3.83 out of 5
North One is a fintech platform linking sales, payments, spending, and budgeting in a single account. It offers a standard bank account you can open online in real time, which requires an initial deposit of $50. No monthly fees are charged. With North One, you can receive unlimited ACH and domestic wire deposits.
If you regularly send wire transfers, consider upgrading to North One Plus for lower fees. In addition, you’ll get up to 3% APY on balances under $250,000, priority support, an onboarding assistant, and a dedicated manager. North One also offers online applications for lines of credit and term loans of up to $250,000 with easy qualifications.
Small businesses that need efficient features to manage their day-to-day operations can take advantage of North One’s budgeting tool, Envelopes. You can segregate your funds for different expenses and set up unlimited envelopes.
Aside from this streamlined method of allocating your business funds, I also recommend North One for its robust integrations with over 50 accounting software, financial management, invoicing, payments, payroll, and productivity tools. Given these multiple connections with your banking account, you can track your sales, expenses, and payments in one place easily.
North One allows you to deposit cash at Green Dot retail locations for a fee of up to $4.95, with one cash deposit fee refund for Standard users and three for Plus users. You can withdraw cash through the Mastercard®, Maestro®, or Cirrus®ATM network. North One will cover up to two ATM withdrawal fees for Standard customers and up to six for Plus customers. Restrictions apply.
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Our rating: 3.80 out of 5
Found is a fintech offering an all-in-one banking solution with integrated bookkeeping, expense tracking, invoicing, and tax tools. Found’s business checking account has no required fees, no initial deposit, or minimum account balances. You can control your spending with its auto expense tracking features.
It also provides receipt capture to help you document your expenses. Additionally, real-time tax estimates are available, including an auto-generated Schedule C form, which streamlines tax filing for independent business owners.
I chose Found as one of our top picks for best online business bank accounts since many of its core checking features greatly benefit freelancers and self-employed professionals. Small businesses can operate efficiently using their online platform services.
With excellent tax tracking and tax preparation features, you can easily complete your Schedule C form through the app. If you wish to pay your tax bill directly, you can do it from the app when you subscribe to its paid plan, Found Plus. Under a plan, subscribers can also access an APY bonus.
Found collects a $2 cash deposit fee per transaction at over 80,000 retailers. You can reach customer service via chat and phone from 8 a.m. to 5 p.m. from Monday to Friday. Additional in-app support is available from 7 a.m. to 5 p.m. on weekdays and 7 a.m. to 3 p.m. on weekends.
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Our rating: 3.75 out of 5
Another strong contender for top online banks is Lili for its free business checking and three higher-tier checking options (Lili Pro, Lili Smart, and Lili Premium) tailored for different business needs. It offers a high yield of 2.50% APY from your first dollar, and 4.00% APY on each dollar above $500K for savings accounts and bookkeeping solutions when you subscribe to its paid plans.
You can also apply for a credit card that reports activity to assist you in building business credit.
With Lili’s different checking account options, you can always choose which features match your current business needs. As you scale, you can switch to another Lili Plan. Lili’s combined integrated accounting features and excellent savings account rates make it an excellent choice.
Under a paid Lili plan, you can access expense management tools and financial reports, use receipt capture, and automate bookkeeping. You can also benefit from its chat-based AI-assisted accounting, which helps small business owners get personalized responses to accounting queries.
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Finding a bank that aligns with your company’s financial needs is crucial, as different institutions offer varying fees, features, and benefits. Understanding how to choose the right bank for your business can help ensure you make the best decision.
I looked at the following factors when evaluating and assigning a rating for the best online banks:
Choosing the right business bank account means evaluating key factors that impact your daily operations and long-term financial health. Start by considering monthly and annual fees, as these can add up quickly. Understanding business bank account fees and how to minimize them can help you save money in the long term. Next, check the number of users allowed, especially if multiple team members need account access. Integrations with accounting software, payment processors, and other business tools can streamline your financial management.
If your business handles cash, pay attention to cash deposit limits to avoid unnecessary fees. Reliable customer service is also essential, particularly if you need support outside standard business hours. Finally, ensure the account is FDIC-insured for added security and peace of mind. By weighing these factors, you can find an account that fits your business needs.
The best online business bank depends on your company’s specific needs, including fees, features, and how you manage finances. Bluevine is a top choice for businesses looking for a high-yield checking account with no monthly fees. Relay stands out for businesses needing multi-user access and budgeting tools, while Mercury is ideal for startups and tech companies. To choose the right option, consider factors such as monthly costs, integrations, cash deposit limits, and customer support availability.
Opening a business bank account online is easy. You can simply visit the bank’s website, fill out your personal and business information, and submit the required documents for your business entity. After the bank performs verification and approves your account, you can begin depositing funds and linking business software integrations.
Many financial providers don’t have a minimum opening deposit for a business bank account, especially fintechs. A few may require an initial deposit from $25 to $100 for business checking accounts and higher opening deposits for savings products, such as money market accounts and certificates of deposit.
The best online business bank accounts offer high interest rates, low fees, and $0 monthly fees. Digital providers must also have an easy account opening process with a user-friendly platform. In addition, customer support must be extensive since engagement is non-physical, unlike in brick-and-mortar branches. It will be helpful if the financial institution offers robust features that can simplify business operations, such as accounting software integrations. See our list of the best banks that integrate with QuickBooks.
Opening a business checking account online can be done in a few minutes. However, in some cases, the financial institution can request more information and documents, which may extend the account opening period.
Rayanne Harmon is a seasoned finance professional with 30 years of experience in banking, finance, and accounting. She specializes in consumer and business banking services, with deep expertise in credit products such as HELOCs, HELOANs, auto loans, and consumer loans. Her background also includes financial risk assessment, credit repair, and treasury management, where she has driven process improvements and client-centric banking solutions.
