Best free business checking accounts
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Monthly Fee: 1.00% With $10,000 min. balance for APY
APY: N/A
Min. Opening Deposit: $100
PROS:
- Unlimited 1% cash back on qualified debit card purchases.
- Earn up to 1% APY. Terms apply.
- No monthly fees or overdraft charges.
- Free, built-in bookkeeping software.
CONS:
- Can’t deposit cash.
- $100 minimum opening deposit.
- High balance requirement to hit top-tier APY.
PROS:
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft or incidental fees.
- Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
- Cash deposits via MoneyPass ATMs.
CONS:
- High fee ($45) for international wire transfers.
- No weekend or after-hours customer support.
- No third-party app integrations.
PROS:
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions.
- Refunds on all ATM fees worldwide.
- Integrates with top business tools, including QuickBooks, Xero, Stripe and Shopify.
CONS:
- Can’t deposit cash.
- Can’t send domestic or international wires.
- No recurring payments available with bill pay.
- $27 fees for insufficient funds/uncollected funds returned.
PROS:
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- No foreign transaction fees when you use your Relay Mastercard abroad.
- Supports multiple accounts; employee debit cards with transaction and withdrawal limits.
CONS:
- Can't deposit cash or order checks.
- Limited phone support. Email support available seven days a week.
- Deposited checks are held for up to 6-7 business days.