Best Business Bank Accounts for Efficient Company Finances in 2025

Choosing the right business bank account is important for any company, large or small. The best business bank accounts offer easy access to funds, low fees, and helpful tools to manage finances. Banks like Chase, Bank of America, and Wells Fargo are popular, but online banks such as BlueVine and Novo also provide strong options for startups and growing businesses, especially those focused on ecommerce SEO and digital operations.

Each account comes with its own mix of features, including mobile banking, free monthly transactions, and integration with accounting software. Some accounts provide rewards or extra support for small business owners. Picking the best business bank account can save money, time, and even help a business grow.

Quick List: Best Business Bank Accounts

• Chase Business Checking  
• Bank of America® Business Advantage Fundamentals™ Banking 
• Bluevine Business Checking
• Relay Business Checking 
• Grasshopper Innovator Business Checking Account
• American Express® Business Checking
• nbkc Business Account
• Found Small Business Banking
• Bluevine Business Checking
• Novo Business Banking
• North One Standard Business Checking
• Lili Business Checking 
• U.S. Bank Business Essentials 
• Axos Bank® Basic Business Checking

What Are Business Bank Accounts?

Business bank accounts are special types of financial accounts made for companies, freelancers, and other organizations. They help businesses handle money separately from personal finances, keep records organized, and build trust with customers and partners.

Types of Business Bank Accounts

There are a few main types of business bank accounts, each designed for a certain purpose.

• Business Checking Accounts: Used for daily business spending and receiving payments. These accounts allow easy access to money by writing checks, using a debit card, or making electronic payments.
• Business Savings Accounts: Help businesses set aside money for future needs or emergencies. Savings accounts earn interest and can grow a company’s reserves over time.
• Merchant Accounts: Needed if a company accepts credit or debit card payments from customers. Merchant accounts process card payments and deposit money into the business’s main account.
• Money Market Accounts and Certificates of Deposit (CDs): Some banks offer these to help businesses earn higher interest rates on larger balances while limiting direct withdrawals.

Each type serves a specific function and can be used alone or together, depending on what the business needs.

Key Features of Business Bank Accounts

Most business bank accounts include special tools and features made for companies.

Many offer online and mobile banking, so owners can manage finances anywhere. Free or discounted wire transfers, automated bill pay, and batch payment options help companies pay vendors easily. Some accounts allow multiple authorized users, making it simple for team members or accountants to help manage money.

Account alerts and detailed reporting help track spending and spot problems quickly. Business accounts may have higher transaction limits than personal ones, which matters for companies with lots of income and expenses. Some banks include integrations with accounting software like QuickBooks or Xero, which helps businesses save time on bookkeeping.

Fees, interest rates, and minimum balance rules are clearly outlined in business account agreements. This helps owners pick the account that fits their company’s size, needs, and growth plans.

How Business Bank Accounts Differ from Personal Accounts

Business accounts are built to keep company and personal money separate. This helps with taxes and makes business spending easier to track. Most personal accounts can’t be used for company activities, especially if the business is a separate legal entity.

Banks typically ask for more documents to open a business account, such as a business license, employer identification number (EIN), or LLC paperwork. Personal accounts, by contrast, need only basic identification.

Business accounts also provide stronger record-keeping and reporting tools. These features help with budgeting, tracking cash flow, and preparing tax returns. Many business accounts allow more users and set permissions, while personal accounts are usually meant for just one or two people. Business accounts often offer dedicated support teams, so getting help when problems come up is quicker and easier.

Top Business Bank Accounts for 2025

Business owners in 2025 can choose from many banks that offer accounts with low fees, easy online access, and helpful features for managing money. Some accounts focus on simple checking, while others help businesses save and grow funds.

Best Checking Accounts for Businesses

Chase Business Checking is a popular choice because of its wide branch network and flexible account options. It offers an easy sign-up, access to over 16,000 ATMs, and useful banking tools. Bank of America® Business Advantage Fundamentals™ Banking also stands out with integrated tools for accounting and cash flow. Businesses that want online-friendly service often look to Bluevine Business Checking, which has high interest rates and no monthly fees.

Here is a quick comparison:

Relay Business Checking and Grasshopper Innovator Business Checking Account both focus on startups, offering no-fee checking and financial automation.

Best Savings Accounts for Businesses

When growing a cash reserve, a good business savings account pays high interest and offers easy transfers. American Express® Business Checking stands out for its competitive APY and no monthly fee. nbkc Business Account combines checking and savings features, making it easy to manage both in one place.

Smaller businesses may prefer the U.S. Bank Business Essentials Savings for low minimums and simple online management. Found Small Business Banking also includes goal-based savings pots as part of its free digital platform.

Key benefits:

• Interest rates: Some banks like American Express pay much more than traditional savings accounts.
• Fees: Look for accounts—like nbkc and U.S. Bank—that have no or very low fees.
• Accessibility: Managing funds from the same dashboard can make things easier for busy owners.

Online-Only Business Banking Options

Online business banks provide speed, mobile access, and lower fees. Bluevine Business Checking is a top pick for online-only banking, with 2.0% APY on balances up to $250,000 and fast bill payments. Novo Business Banking appeals to small businesses and freelancers with no minimums and easy integration with apps like Stripe and QuickBooks.

North One Standard Business Checking lets owners do almost everything from a phone, including categorizing expenses for tax time. Lili Business Checking also targets freelancers with budgeting tools and tax calculators included. Relay offers accounts with no fees, expense management, and team controls, making it a strong option for startups.

Most online accounts provide:

• No monthly fees: Bluevine, Novo, Lili, and Relay all advertise free accounts.
• Fast support: Online chat, easy transfers, and 24/7 customer service.
• Smart tools: Expense tracking, budgeting, and bookkeeping integrations helpful for growing businesses.

Choosing the Right Business Bank Account

Every business has different banking needs. Some want low fees, while others need advanced digital tools or easy integrations.

Factors to Consider When Selecting an Account

Selecting the best business bank account begins with knowing what a company needs. A business that handles lots of transactions may want free, unlimited transfers. Others may need easy cash deposits or physical branches nearby.

Some accounts are designed for startups and have low balance requirements. Larger businesses may need accounts that support multiple users and offer extra security features. Make sure the account can handle the company’s day-to-day money management and scale as it grows.

Look for accounts that provide strong customer support. If a business ever has an issue or question, quick and helpful service is important. Accessibility—whether online, by phone, or in person—should fit the business’s preferences.

Fees, Limits, and Account Requirements

Banks often charge fees that affect the total cost of keeping an account. These might include:

Some accounts are fee-free if certain rules are met, like keeping a minimum balance or making enough transactions.

Consider the limits placed on each account. This includes transaction limits, monthly cash deposits, and withdrawal caps. Choose an account that matches the company’s typical activity. Check all requirements—like minimum opening deposits—before deciding.

Integrations and Banking Technology

Business bank accounts that offer integrations with accounting tools can save time and reduce errors. Look for connections with tools like QuickBooks, Xero, or payroll software. This lets businesses track spending, automate payments, and make tax time simpler.

Modern business accounts often provide mobile apps and online dashboards. Features to look for include mobile check deposit, instant alerts, and easy transfers. Advanced technology can help with budgeting, expense tracking, and fraud monitoring.

Small businesses benefit from digital tools that let owners manage their bank accounts anywhere. Strong security, such as two-factor authentication or real-time notifications, keeps business finances safer.

Comparing Top Business Bank Accounts

Business bank accounts differ in their features, fees, and customer service levels. Leading options like Chase Business Checking, Bluevine, American Express Business Checking, and others each have unique benefits and limitations for business owners.

Account Benefits and Drawbacks

Each bank account brings its own advantages. Chase Business Checking offers a wide branch network and easy cash deposits. Bluevine Business Checking stands out for high interest rates and no monthly fees, but it does not have physical locations.

American Express Business Checking provides an attractive APY yet currently has no cash deposit option. Relay Business Checking supports multiple users and has robust integrations, which helps growing teams, but international wire support is limited.

U.S. Bank Business Essentials offers reliable service and in-person support, but monthly fees may apply unless certain requirements are met. Novo has almost no fees and integrations for digital businesses, but lacks support for cash deposits.

Comparing Fees and Features

Most online options, like Bluevine and Novo, have no monthly fees or minimums. Traditional banks such as Chase, U.S. Bank, and Bank of America may have fees, but these can often be waived. APY rates are usually higher with online options, while in-person banks offer cash deposits and more physical access.

Support and Customer Service Ratings

Customer service varies across these banks. Chase and Bank of America offer both in-person branch support and phone assistance, which is valuable for business owners who want face-to-face help. U.S. Bank also has a solid in-branch presence and responsive phone support.

On the digital side, Bluevine, Relay, and Novo focus on online chat and email support. Response times are generally fast, but these accounts lack branch locations for walk-in help. American Express Business Checking offers 24/7 customer service, with positive feedback for fast responses, but users cannot visit a branch.

User reviews often rate digital banks higher for innovation and ease of use, while traditional banks score better for support and in-person service options. Choosing between them depends on whether a business values face-to-face help or prefers digital convenience.

How to Open a Business Bank Account

Opening a business bank account takes a few important steps. Requirements can differ based on business structure, type of account, and the bank’s policies.

Eligibility and Documentation

Most banks require the business to be registered in the state where the account is being opened. The owner will need to provide basic information, such as social security number or employer identification number (EIN). For LLCs and corporations, banks ask for the business's articles of incorporation, business license, and an operating agreement.

For partnerships, a partnership agreement is needed. Sole proprietors usually only need their personal identification and a DBA (“doing business as”) certificate if the business name is different from their own.

Common documents include:

Having original documents and copies will speed up the process.

Application Process and Timeline

To open a business bank account, the owner can apply online, by phone, or in person. Many banks allow applications through their website, but some still require a visit to a local branch to verify documents. Typically, the application takes about 30–60 minutes to complete.

The bank reviews the submitted documents, verifies the information, and may run a credit check on the business or owners. Once approved, account numbers are issued, and the owner can deposit funds right away.

Some banks activate the account immediately, while others require one or two business days to finish setup. Access to online banking and checks may take a little longer, depending on the bank’s process. Fees or minimum deposit requirements also vary between banks.