Finding the right business checking account can save you time, money—and even your sanity. Whether you’re a brand-new entrepreneur or a long-time small business owner, finding an account that aligns with your specific needs will make a huge difference in your day-to-day operations. Read on to discover some of the best business checking accounts currently available—including their unique features, benefits and potential drawbacks.

Top Business Checking Accounts for Small Businesses

If you’re looking for the best small business checking account, look no further. These options offer low fees, high transaction limits, robust online banking features and tailored services that meet the specific needs of businesses.

1. North One

North One is the best choice for small business checking—their accounts provide convenience, flexibility and tools tailored to entrepreneurs. With no monthly fees, no minimum balance requirements and a low opening deposit of just $50, it’s accessible to businesses of all sizes. The account offers unlimited transactions, high limits on ACH and wire transfers and cash-back rewards on debit card purchases at eligible vendors.

The account integrates seamlessly with popular accounting software like QuickBooks. It also offers a consistent mobile app and website and provides access to business loans up to $250,000 through partner lenders. FDIC-insured security up to $250,000 and customer support with a 90% satisfaction rate sweeten the deal.

For small businesses looking to scale and streamline their financial operations, North One offers a comprehensive package. From its no-hidden-fee policy to its suite of free tools and easy mobile banking, North One is designed to help businesses minimize costs and focus on growth. 

2. American Express Business Checking

American Express offers compelling business checking bonuses. Their business checking account boasts a 1.30% APY on balances up to $500,000—which makes it a nice option for businesses with larger cash reserves. With no monthly fees or minimum deposit requirements, it’s accessible to businesses of all sizes. The 24/7 customer support is a great feature, too, ensuring help is always at hand. Plus, you can earn Membership Rewards points.

While the account offers fee-free access to over 70,000 MoneyPass and Allpoint ATMs, it falls short in cash handling capabilities. Businesses that frequently deal with cash may find the inability to make cash deposits a significant drawback. Additionally, the lack of outgoing international wire transfers could be limiting for companies with global operations.

3. Chase Business Complete Banking

Chase’s business checking accounts offer traditional banking with modern features. While each account carries a $15 to $95 monthly fee, this can be waived with a minimum balance ranging from $2,000 to $100,000. Currently, Chase is offering sign-up bonuses of up to $750. 

The account allows for unlimited fee-free electronic transactions and offers integrated credit card processing via Chase QuickAccept. This is valuable for businesses that process many card payments. Chase’s extensive ATM and branch network is another significant advantage for businesses that value in-person banking services. However, the limitations on fee-free cash deposits and physical transactions, along with fees for out-of-network ATMs, may be drawbacks. 

4. U.S. Bank Silver Business Checking

U.S. Bank’s Silver Business Checking package is tailored for small businesses with modest banking needs. While it doesn’t offer interest, the lack of monthly fees and a low $100 minimum opening deposit make it accessible to most small businesses. The account allows 25 free cash deposits per month, which may suffice for many small businesses. The best feature is the generous $800 welcome bonus, although terms apply. As with most modern banks, they provide a mobile app and a debit card. However, the account has limitations. This includes a cap of 125 fee-free transactions per month and a $1 fee for outgoing domestic ACH transfers. The $36 overdraft fee is also on the higher end, which businesses should be mindful of.

5. Axos Bank Basic Business Checking

Axos Bank’s business checking is known for its customer-friendly features. The account has no monthly fees or minimum deposit requirements, making it accessible to businesses of all sizes. Unlimited fee-free transactions and free ATM withdrawals, including refunds for all domestic ATM fees, make this account particularly attractive for businesses with high transaction volumes. The $400 welcome bonus (terms apply) adds to its appeal. However, the $25 insufficient funds fee and lack of third-party app integrations might be drawbacks for some businesses. 

6. Bank of America Business Advantage Fundamentals Banking

Bank of America’s business checking accounts are great for business owners who want traditional banking features, with modern accessibility like the mobile app, access to Zelle and QuickBooks integrations. The bank can waive its $16 monthly fee for the first 12 statement cycles, giving new businesses time to establish themselves. Its high cash deposit limits are particularly beneficial for cash-intensive businesses. The loyalty perks via the Preferred Rewards for Business program can also provide significant value for businesses that use multiple Bank of America products. However, the $100 minimum opening deposit and fees for out-of-network ATMs are potential downsides to consider.

7. nbkc Business Account

The nbkc Business Account is a no-frills business checking account. With no monthly fees, no minimum deposit requirements and unlimited fee-free transactions, it’s good for businesses looking to minimize banking costs. The refunds for up to $12 per month in ATM fees add flexibility for cash withdrawals. Plus and Premium accounts can early up to 4.25% APY, and businesses can be insured for up to $3 million through the FDIC and bank partnerships.

However, businesses that frequently require international transactions should note the $45 fee for international wire transfers. The lack of third-party app integrations and limited customer support hours might be drawbacks for some businesses, particularly those requiring more digital banking features or around-the-clock support.

8. Grasshopper Business Checking

If you’re looking for business checking rewards, Grasshopper offers up to a 3.30% APY and unlimited 1.00% cashback on qualified debit card purchases. This combination of interest and cashback rewards sets this bank apart. The absence of monthly fees and overdraft charges is also a great bonus. 

The built-in bookkeeping software is a smart addition for businesses looking to streamline their financial management. However, the inability to make cash deposits could be a significant drawback for some businesses. The $100 minimum opening deposit, while not excessive, might also be a barrier for some startups. Finally, Grasshopper’s lack of weekend support could also be inconvenient for businesses that operate outside traditional hours.

9. Relay Business Checking

Relay offers several unique business banking features. Customers can access up to 20 checking accounts, which can be great for businesses looking to segregate funds. With no monthly fees, no minimum deposit requirements and unlimited fee-free transactions, it’s cost-effective. Relay also offers accounting software integrations and 24/7 support.

The ability to open high-yield savings accounts with a 3.00% APY within the same platform is an attractive feature for anyone looking to maximize their idle cash. However, cash deposits are limited to AllPoint ATMs, which might be inconvenient for some. Finally, some of the more advanced features require an upgrade to Relay Pro, which comes with additional costs.

Opening the Right Business Checking Account is Important

Each option we’ve explored offers its own set of advantages—whether North One’s entrepreneur-friendly features, American Express’s high APY for large balances, or Grasshopper’s cashback rewards. The key is to assess your business’s specific needs, transaction volumes, cash handling requirements and growth plans when making your choice.

The right business checking account should do more than just hold your money—it should be a tool that supports your business. Factors like fees, minimum balance requirements, transaction limits, APY and integrations with accounting software could make the deciding difference. Take the time to compare these options, and set your business up for financial success.