The Best Business Checking Accounts in 2026 - Nav
Find a business checking account that’s built for you
It’s not just about where you store your funds — your business checking account can impact your daily operations. Whether you prioritize low fees, online banking, or personalized customer service, start your search here.
Compare your options
| Bank | Minimum Balance | Monthly Cost | Monthly Free Transactions | Noteworthy Perks |
|---|---|---|---|---|
Found - Smarter Online Business Banking |
None | Required monthly fees: $0** | Unlimited ACH transfers | No minimums. |
American Express® Business Checking |
No monthly minimum balance requirements | No monthly account maintenance fees | See details | - 30,000 MR with qualifying activities* |
- Earn 1.30% APY (annual percentage yield) on balances up to $500,000 as of 10/12/2022. |
|
U.S. Bank Business Checking Accounts | $25 minimum deposit to open | - $0 - $30 - See Terms | - Unlimited digital transactions with Business Essentials
- See Terms | Bank in-person, online, or in-app |
|
Bluevine Business Banking | None | $0-$95 (Waivable) | Unlimited | Up to 3.7% APY | |
Bank of America® Business Advantage Banking | $100 | $16-$29.95 or $0 if requirement is met | 20-500 | High Cash Deposit Limit |
Frequently Asked Questions
What is needed to open a business bank account?
Do I have to use a business checking account for my business?
Which is the best bank for a business account?
What’s the point of a business checking account?
Can you open a business account without an LLC?
Can I use business money for personal use?
What kinds of fees does business checking require?
Should I open a business checking account at my personal bank?
Should I use a business credit card or business debit card?
Business checking accounts
A business checking account can be key to building a financially successful business. It allows you to separate business and personal transactions, track business spending and maximize tax deductions, and even help you get a small business loan. Choose the best checking account for your small business with our expert advice.
The best checking accounts for small business
The best business checking account for your business is the one that offers the best combination of features and costs for your individual needs. Here are six great options to consider:
Lili
Lili empowers business owners by combining business banking, accounting, invoicing, and tax preparation in one platform. For business owners, centralizing all aspects of their business finances streamlines their business operations and provides clarity about their financial position. Lili accepts S-Corps, Partnerships, and LLCs (both single and multi-member).
Bank Novo
Novo offers simple business banking through their free checking account with debit card access, no hidden fees and zero minimum balance requirements. Novo allows you to integrate with the business tools you already use, like Xero and Wise, and empowers you with a dashboard to see the financial health of your business at a glance. Apply for an account in under 10 minutes from any device.
Bluevine Business Banking
Bluevine Business Banking was built to empower small business owners with innovative financial solutions. This account has no monthly maintenance fees, no NSF fees, and no minimum balances, plus you can earn .6% on balances.
Small Business Checking by Bank of America
For business owners who want the option of going into a branch, a business checking account with Bank of America can be a great choice.
You could even earn a bonus of $100 to $500 from Bank of America.
Chase Business Complete Banking℠
Chase has more than 4800 branches in the US, making it a great choice for business owners who want the convenience of bricks and mortar locations as well as a robust banking app. (It also offers access to more than 16,000 ATMs.)
What to consider when comparing business checking accounts
Small businesses are unique and each one has specific banking needs. What’s important to you as a small business owner may be less important to another entrepreneur. Still, there are some key questions you can ask yourself to help choose the right checking solution for your business:
What type of banking will I do?
Where do I want to bank?
How much will it cost me?
How easy will it be to open an account?
How can it help me grow my business?
What debit card benefits does it offer?
What makes the best business bank account
The best business bank account is the one that meets your business needs, at an affordable cost.
Can you use a personal bank account for your small business?
Using a personal account for your business is certainly an option. It’s not ideal because it doesn’t allow you to truly separate your business and personal finances.
Online business checking accounts vs. in-person banks
Traditionally, many small business owners have used a local bank for their business checking account, and many open an account at the same bank where they have their personal checking account.
What do you need to open a business bank account?
One hurdle that stops business owners from opening a business checking account is simply getting around to it.
Personal information
Business information
How do I open a business checking account?
Now that you understand the process, getting started is simple. You can usually complete it in four simple steps:
- Pick a bank. Compare options to find the right bank for your business.
- Gather documents. Review the list of documents we may need with the bank.
- Apply online. You’ll be able to open your account and get approval right away.
- Fund your account. It’s easiest to fund your account with an online transfer/ACH from another account.
Do you need an LLC to open a business checking account?
No you do not need an LLC to open a business checking account.
How the right business checking account can benefit your small business
Whatever you do, open a business checking account as soon as possible and use it exclusively for business transactions. That step alone will be helpful as you grow your business.