BUSINESS

Smart Money Moves: Top Picks for Business Banking

USAThu Aug 21 2025

Running a business means keeping your personal and business money separate. A good business checking account can help you track spending, manage cash flow, and even earn some extra cash through interest or bonuses. But not all accounts are created equal. Some offer great perks, while others come with hidden fees. Let's break down the best options out there.

Top Business Checking Accounts

BlueVine

  • APY: 2.00% on balances up to $250,000
  • Requirements: Spend $500/month with their debit card or receive $2,500 in customer payments
  • Perks:
  • Unlimited transactions
  • Overdraft protection
  • Integration with QuickBooks
  • 37,000 fee-free ATMs
  • Deposit cash at 90,000 retail locations

LendingClub

  • APY: 1.50% on balances up to $100,000, 0.10% above that
  • Debit Card: 1% cash back on qualifying purchases
  • Requirements: Maintain a $500 average monthly balance to avoid a $10 monthly fee
  • Perks:
  • Refunds out-of-network ATM fees

American Express Bank

  • APY: 1.30% on balances up to $500,000
  • Perks:
  • No monthly fees
  • No minimum deposit
  • Earn 30,000 points if you meet certain conditions
  • Mobile app available for iOS and Android

First Internet Bank

  • APY: 0.50%
  • Perks:
  • No fees
  • No minimum balance
  • Reimburses up to $10/month in ATM fees

EverBank

  • APY: 0.50%
  • Requirements: $1,500 minimum deposit
  • Perks:
  • Reimburses ATM fees up to $15/month for balances under $5,000

Bethpage Federal Credit Union

  • APY: 0.20%
  • Requirements: $5 minimum deposit
  • Perks:
  • 30 branches in New York
  • Online banking nationwide
  • APY: 0.01%
  • Membership: Limited to military personnel and their families
  • Perks:
  • 350 branches worldwide

Axos Bank

  • APY: 0%
  • Perks:
  • Up to $400 in bonuses if you meet certain conditions

U.S. Bank

  • APY: 0%
  • Perks:
  • $350 or $800 bonus depending on deposit amount

Chase

  • APY: 0%
  • Perks:
  • $400 bonus
  • Requires a $2,000 minimum balance to avoid a $15 monthly fee

Choosing the Right Account

  • For Interest: BlueVine, LendingClub, American Express
  • For Bonuses: Axos Bank, U.S. Bank, Chase
  • For Physical Branches: U.S. Bank, Chase

Remember, the best account for you depends on your specific needs. Do your research and choose wisely.

continue reading...

questions

    How do the benefits of a business checking account with multiple signers outweigh the potential risks?
    Is the requirement for a minimum balance in business checking accounts a way to control small businesses?
    How do the minimum balance requirements for business checking accounts affect small businesses?

actions

flag content