Online banks have grown in popularity thanks to lower fees, better rates and the convenience of being able to bank from anywhere (especially advantageous for busy business owners on the go).
Below, CNBC Select rounded up the best business bank accounts to open online, looking at fees, interest rates, customer support, rewards and more. For more on how we made our picks, read our methodology.
Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability.
A *$500 bonus by applying for a Bluevine Business Checking account using the referral code CNBC500 before 9/30/2026. Minimum qualifications must be fulfilled in order to be eligible for this bonus.
Standard $0; Bluevine Plus $30/month (with options to waive); Premier $95/month (with options to waive)
On Bluevine's site
Terms apply. Bluevine accounts are FDIC insured up to $3 million per depositor through Coastal Community Bank, Member FDIC
Up to $250,000
6 or 12 months
625
Starting at 7.80%
On Bluevine's site
Best online business checking accounts
- Best for no fees: Bluevine Business Checking
- Best for special perks: Novo Business Checking
- Best for streamlined business support: LendingClub Tailored Checking
- Best for debit card rewards: Grasshopper Business Checking
- Best for sole proprietors and single-owner LLCs: EverBank Business Checking
- Best for gig workers and freelancers: Found Banking
Best for no fees
Who's this for? Bluevine Business Checking stands out for offering a competitive interest rate for a checking account. It also doesn't charge any monthly, minimum balance or insufficient fund fees and doesn't limit the number of transactions you can make in a month.
Standout benefits: Standard Bluevine business checking customers can earn a 1.3% APY on balances up to $250,000 by meeting monthly activity goals, while Bluevine Plus and Premier customers can unlock an even higher APY.
Bluevine Business Checking
Special offer
A *$500 bonus by applying for a Bluevine Business Checking account using the referral code CNBC500 before 9/30/2026. Minimum qualifications must be fulfilled in order to be eligible for this bonus.
Monthly maintenance fee
Standard $0; Bluevine Plus $30/month (with options to waive); Premier $95/month (with options to waive)
Minimum opening deposit
$0
Minimum balance
$0
Annual Percentage Yield (APY)
Standard 1.3% APY on balances up to $250,000 if you meet a monthly activity goal*; Bluevine Plus 1.75% on balances up to $250,000; Premier 3.0% APY on balances up to $3 million
Free ATM network
No fees at over 38,000 ATM locations nationwide
ATM fee reimbursement
No
Small business perks
Two free checkbooks
Overdraft fee
$0
Mobile check deposit
Yes
Terms apply. Bluevine accounts are FDIC insured up to $3 million per depositor through Coastal Community Bank, Member FDIC
Pros
- High APY available for eligible accounts
- No monthly fees or charges for ACH payments, overdrafts or incoming wire transfers
- Deposits are FDIC-insured up to $3 million
- Access to 37,000+ free ATMs in the MoneyPass network
Cons
- No physical branches
- Fee for cash deposits, which are handled through a third-party network
- No refunds for out-of-network ATM transactions
- Outgoing domestic wires cost $15.
*The requirements to earn the $500 bonus:
Customers must apply for a Bluevine Business Checking account by using the referral code above before 1/31/2026. After opening the account, customers must add funds within 30 days, then meet at least one of the following eligibility requirements every 30 days for the next 90 days from account funding:
- Deposit at least $5,000 from eligible merchant services to your Bluevine account
- Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers
- Spend at least $2,000 with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®
*The requirements to earn interest are either:
- Debit Card Spend: Spend $500 per month with Bluevine Business Debit Mastercard® issued by Coastal Community Bank pursuant to a license from Mastercard inc, which can be used everywhere Mastercard® is accepted.
- Incoming Payments: Receive $2,500 per month in customer payments into Bluevine Business Checking account via ACH, wire transfer, mobile check deposit, or directly from merchant payment processing provider
Best for special perks
Who's this for? New Novo Business Checking accounts are eligible for numerous benefits, including up to $3,000 in Google Cloud credits, $150 toward Google Ads, 40% off your first six months of QuickBooks Online and up to $20,000 in fee-free Stripe processing.
Standout benefits: There are no monthly maintenance fees, opening deposit requirements or transaction limits, and Novo reimburses third-party ATM fees up to $7 per month.
Novo Business Checking
Special offers
Sign-up perks can include up to $3,000 in Google Cloud credits, $150 toward Google Ads, 40% off the first six months of QuickBooks Online and up to $20,000 in fee-free transactions when you link your credit card with Stripe.
Monthly maintenance fee
$0
Minimum opening deposit
$0
Minimum balance
$0
Annual Percentage Yield (APY)
None
Free ATM network
No out-of-network ATM fees and fees charged by other ATM operators are refunded, up to $7 per month
Small business perks
Account holders can sync with Slack, Stripe, Shopify, QuickBooks, TransferWise, Xero, Zapier, and other popular merchant tools. Amazon integration for sales and revenue tracking.
Overdraft fee
If there are insufficient funds to complete a transaction payment, your Novo account will not be charged an overdraft fee.
Mobile check deposit
Yes
Terms apply. Novo Platform Inc. {"Novo") is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A. Member FDIC.
Pros
- Money-saving partnerships with QuickBooks, Stripe and other platforms
- Easily syncs to Google Pay and Apple Pay
- No monthly fees or minimum balance requirements
- ATM reimbursements up to $7 per month
Cons
- Cannot accept cash deposits
- Account does not earn interest
- No physical branches
Best for streamlined business support
Who's this for? LendingClub Tailored Checking is a well-rounded business checking account that earns interest on your balance and cash back on debit card purchases. Customers can easily integrate their accounts with Quickbooks® or use Autobooks, a built-in invoicing and payment platform.
Standout benefits: If you keep an average monthly balance of at least $500, LendingClub will waive the $10 monthly maintenance fee and give you 1% cash back on qualifying purchases made with your debit card.
LendingClub Tailored Checking
Special offer
1.00% cash back on qualifying purchases made using the debit card tied to a Tailored Checking account with an average monthly balance of $500
Monthly maintenance fee
$10 (waived if the average monthly balance is at least $500.00)
Minimum deposit to open
$100
Minimum balance
$0
Annual Percentage Yield (APY)
1.50% APY on balances between $0.00–$499.99; 1.50% APY on balances between $500.00-$99,999.99; 0.10% APY on balances of $100,000.00 or more
Free ATM network
Doesn't charge a fee to use another bank's ATM
ATM fee reimbursement
ATM fee rebate available
Small business perks
Can sync your checking account to Quickbooks® or Quicken®; ability to create and send online invoices and get paid using Autobooks
Overdraft fee
Not disclosed
Mobile check deposit
Yes
Terms apply.
Pros
- Small minimum deposit to open the account
- ATM rebates offered
- Offers an APY
- Offers a debit card that can be used to earn cash back
- Mobile check deposit
- Integrations with business tools like Quickbooks® or Quicken®
Cons
- Monthly maintenance fee if you don't keep an average balance of at least $500 in the account
- Earn a lower APY if you have a higher account balance
- Stop payment fee of $25
Best for debit card rewards
Grasshopper Business Checking
Special offer
1.00% cash back on qualifying purchases. Earn 3.00% APY on balances of $25,000 or more when bundled with an Innovator Savings Account.
Monthly maintenance fee
$0
Minimum deposit to open
$100
Minimum balance
$0
Annual Percentage Yield (APY)
1.00% APY on balances of $0.01—$24,999.99 and $250,000.01; up to 1.35% APY on balances of $25,000-$250,000 with Innovator Checking & 3.00% APY on balances of $25,000 and above.
Free ATM network
Enjoy fee-free withdrawals at 37,000+ MoneyPass and 8,500+ SUM ATMs nationwide
ATM fee reimbursement
No
Small business perks
Rewards debit card access & AI Integrations
Overdraft fee
$0
Mobile check deposit
Yes
Terms apply.
Pros
- No monthly fees, balance minimums or overdraft fees
- Offers a debit card that can be used to earn cash back
- Offers an APY
- Mobile check deposit
- Small minimum deposit amount to open the account
Cons
- Online only (not great if you prefer in-person banking)
- You need a higher account balance to earn the highest APY tier
Who's this for? Grasshopper Business Checking stands out for offering a debit card that earns rewards. Account holders can earn 1% cash back on qualifying purchases, redeemable as a statement credit.
Standout benefits: Account holders can earn an APY of up to 1.55%, or 3.00% on balances of at least $25,000 when linked to an Innovator Money Market Savings Account. There's no monthly fee, balance requirement or overdraft charge.
Best for solo entrepreneurs
Who's this for? EverBank Small Business Checking is designed for sole proprietors and single-member LLCs, with a variable 025% APY, no maintenance fees and up to 200 free transactions per month.
Standout benefits: Accounts enjoy overdraft protection and access to more than 10,000 fee-free Allpoint and MoneyPass ATMs. (Up to $15 in out-of-network ATM fee is reimbursements each month.)
EverBank Business Checking
Special offer
None
Monthly maintenance fee
$14.95 (waived if the average daily balance is at least $5,000)
Minimum deposit to open
$1,500
Minimum balance
$5,000
Annual Percentage Yield (APY)
None
Free ATM network
Fee-free at over 10,000 ATMs
ATM fee reimbursement
Will automatically reimburse customers up to $15 for fees paid at out-of-network ATMs
Small business perks
Treasury services let you get personalized cash flow strategies from a team of experts
Overdraft fee
$0
Mobile check deposit
Yes
Terms apply.
Pros
- Automatically reimburses ATM fees
- Offers a team of experts who can assist with personalized cash flow strategies
- No overdraft fee
- Mobile check deposit
- First 200 items processed for free each month
- Offers overdraft protection
Cons
- High minimum deposit to open the account
- Monthly maintenance fee if you don't keep an average daily balance of at least $5,000 in the account
- Doesn't pay an APY
Best for gig workers: Found
Who's this for? Found is great for self-employed workers, with different "pockets" to help you organize your income — including setting aside money for tax time.
Standout benefits: For a monthly fee, Found Plus and Found Pro members enjoy an APY on their balance, as well as bookkeeping, budgeting and tax tools.
Found Banking
Monthly maintenance fee
$0
Minimum opening deposit
$0
Minimum balance
$0
Annual Percentage Yield (APY)
None using the base version; Found Plus* subscribers earn 1.50% APY on balances up to $20K. Found Pro* subscribers earn 2.50% APY on all balances, with no cap.
Free ATM network
Standard ATM fees will apply
ATM fee reimbursement
None
Small business perks
Access to built-in bookkeeping, invoicing and tax tools, integrations with Stripe and QuickBooks, unlimited customizable invoices. Found Plus and Found Pro subscriptions include APY and advanced tools*
Overdraft fee
$0
Mobile check deposit
Yes
Pros
- Sign up in as little as five minutes
- No monthly fees* or balance minimum requirements
- Built-in invoicing, bookkeeping, payroll and tax-planning tools
- Physical and virtual debit card
- Can receive direct deposits up to two days early**
Cons
- ATM withdrawal limit of $550
- Free version doesn't offer APY
- Weekly check deposit limit of $3,000/week and weekly cash deposit limit of $2,000/week; monthly cash deposit limit of $4,000
Found is a financial technology company, not a bank. Found partners with Lead bank, member FDIC. The Found Mastercard Business debit card is issued by Lead Bank pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted.
*Optional subscriptions to Found Plus for $35/month or $315/year or Found Pro for $80/month or $720/year. Discount rates may apply. There are no monthly account maintenance fees, but other fees such as transactional fees for wires, instant transfers, and ATM apply. Read Found Fee Schedule
**Direct deposit funds may be available for up to two days before the scheduled payment date. Early availability is not guaranteed.
***Found Plus subscribers (for $35/month or $315/year) earn 1.50% Annual Percentage Yield (APY) on balances up to $20K. Found Pro subscribers (for $80/month or $720/year) earn 2.50% APY on all balances, with no cap.
FAQs
Can you open a business bank account online?
Business bank accounts can typically be opened online, in person by visiting a branch or over the phone. Some banks may only offer a combination of those options. For instance, an online-only bank may allow new customers to open an account only online or by phone.
Can I open a business bank account online with only an Employer Identification Number (EIN)?
Your EIN is one of a few pieces of information you'll need to open a bank account. You may need to provide additional information like your business registration, business address and even business website. Be sure to double-check the requirements of your desired bank before beginning the application process.
Are online business bank accounts safe?
As long as your online business bank is FDIC-insured (the standard is up to $250,000 for deposit accounts), online business bank accounts are generally as safe as brick-and-mortar banks.
Can I open a business bank account immediately?
Most business bank accounts should have you up and running in a matter of minutes. One of the best ways to ensure a speedy process is to come prepared with all the required documentation and double-check your information for inaccuracies before submitting your application.
How much money do you need to open a business bank account?
Many business bank accounts can be opened with no minimum deposit required. However, some banks do have a minimum deposit to open an account. It varies depending on the bank account you want to open so be sure to check the requirements of each account before applying.
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Why trust CNBC Select?
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every business checking account review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of business banking products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best online business bank accounts.
Our methodology
To determine which online business checking accounts are best, CNBC Select analyzed dozens of U.S. business checking accounts. We narrowed down our rankings by considering no-fee checking accounts or accounts with easy ways to waive the monthly maintenance fees.
We compared each checking account on a range of features, including:
- Fees
- Minimum balance requirement
- Mobile banking ease
- Small business tools and support
- Large ATM network
- Account accessibility
- Customer reviews, when available
All of the accounts included on this list are either members of the Federal Deposit Insurance Corporation (FDIC) or FDIC-insured through partner institutions. This insurance protects and reimburses you up to your balance and the legal limit in the event your bank or credit union fails.
The rates and fee structures for checking accounts are subject to change without notice and they often fluctuate in accordance with the prime rate.
Your earnings depend on any associated fees and the balance you have in your checking account. To open an account, some banks and institutions may require a deposit of new money, meaning you can't transfer money you already had in an account at that bank.
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