Many business banks allow you to open an account online. But the best online business accounts benefit your overall operations with high APYs, highly rated apps and great customer service. After comparing offerings from more than 30 national, regional and digital banks and credit unions, our pick for the best online business checking account is
American Express® Business Checking
. 🏆 Our pick: The best online business account
With no monthly fees,
1.3
% APY on balances up to $500,000 and 24/7 customer support, we think the American Express® Business Checking
account is tough to beat if you're looking for a business account you can easily open and manage online.
American Express National Bank (Business)
American Express® Business Checking
NerdWallet Rating
5.0
APY
1.30%
While AmEx offers our top-rated account, most small-business banks offer online accounts. The right choice for you depends on your business needs. For instance, big-name financial institutions like Chase, Bank of America, Huntington and PNC all let you apply online for business accounts. If you want easy access to in-person customer service and cash deposits, those business checking accounts are a better choice than
American Express® Business Checking
— which offers neither.Read on to learn about additional online business bank accounts and how to open one.
250+ small-business products reviewed and rated by our team of experts.
95+ years of combined experience covering small-business and personal finance.
Objective comprehensive business bank accounts rubric (Methodology).
NerdWallet's business banking content — including our ratings, reviews and recommendations — is produced by a team of writers and editors who specialize in small-business finances. Their journalism has appeared in The Associated Press, Washington Post, MarketWatch, Nasdaq, Entrepreneur, ABC News, MSN and other national and local media outlets. Each writer and editor follows NerdWallet's strict editorial guidelines to ensure fairness and accuracy in our coverage.
Best Business Bank Accounts to Open Online
| Best for | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
|---|---|---|---|---|---|
High-yield business checking Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 4.7/5 | $0 | 2.00% With $0 min. balance for APY | N/A | Learn more at Bluevine, Deposits are FDIC Insured |
Overall online business bank account American Express® Business Checking Learn more at American Express National Bank, Member FDIC | 5.0/5 | $0 | 1.30% With $0 min. balance for APY | N/A | Learn more at American Express National Bank, Member FDIC |
Branch access Chase Business Complete Banking® Learn more at Chase, Member FDIC | 4.5/5 | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
Cash back + high APY Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC | 4.5/5 | $0 | 2.25% With $0 min. balance for APY | N/A | Learn more at Grasshopper Bank, Member FDIC |
Cash deposits Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 4.5/5 | $16.00 $0 for the first 12 statement cycles. | N/A | $200 Requirements to qualify | Learn more at Bank of America, N.A., Member FDIC |
Sign-up bonus U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC | 4.0/5 | $0 | N/A | $800 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
Accepting in-person payments nbkc Business Account Learn more at nbkc bank, Member FDIC | 4.9/5 | $0 | N/A | N/A | Learn more at nbkc bank, Member FDIC |
Multiple accounts Relay Business Checking Learn more at Relay, Deposits are FDIC Insured | 4.9/5 | $0 | N/A | N/A | Learn more at Relay, Deposits are FDIC Insured |
Business savings account Live Oak Bank Business Savings Learn more at Live Oak Bank, Member FDIC | 5.0/5 | $0 | 4.00% With $0.01 min. balance for APY | N/A | Learn more at Live Oak Bank, Member FDIC |
Freelancers and side hustlers Found Small Business Banking Learn more at Found, Deposits are FDIC Insured | 4.4/5 | $0 | N/A | $20 Requirements to qualify | Learn more at Found, Deposits are FDIC Insured |
Free wire transfers Mercury Business Bank Account Learn more at Mercury, Deposits are FDIC Insured | 4.1/5 | $0 | N/A | N/A | Learn more at Mercury, Deposits are FDIC Insured |
Built-in invoicing Novo Business Checking Learn more at Novo, Deposits are FDIC Insured | 4.4/5 | $0 | N/A | N/A | Learn more at Novo, Deposits are FDIC Insured |
Unlimited refunds on ATM fees LendingClub Tailored Checking | 4.9/5 | $10.00 Waived with $500 minimum balance | 1.50% With $0 min. balance for APY | N/A | |
| Best for | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
|---|---|---|---|---|---|
High-yield business checking Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 4.7/5 | $0 | 2.00% With $0 min. balance for APY | N/A | Learn more at Bluevine, Deposits are FDIC Insured |
Overall online business bank account American Express® Business Checking Learn more at American Express National Bank, Member FDIC | 5.0/5 | $0 | 1.30% With $0 min. balance for APY | N/A | Learn more at American Express National Bank, Member FDIC |
Branch access Chase Business Complete Banking® Learn more at Chase, Member FDIC | 4.5/5 | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
Cash back + high APY Grasshopper Business Checking Account Learn more at Grasshopper Bank, Member FDIC | 4.5/5 | $0 | 2.25% With $0 min. balance for APY | N/A | Learn more at Grasshopper Bank, Member FDIC |
Cash deposits Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 4.5/5 | $16.00 $0 for the first 12 statement cycles. | N/A | $200 Requirements to qualify | Learn more at Bank of America, N.A., Member FDIC |
Sign-up bonus U.S. Bank Silver Business Checking Learn more at U.S. Bank, Member FDIC | 4.0/5 | $0 | N/A | $800 Requirements to qualify | Learn more at U.S. Bank, Member FDIC |
Accepting in-person payments nbkc Business Account Learn more at nbkc bank, Member FDIC | 4.9/5 | $0 | N/A | N/A | Learn more at nbkc bank, Member FDIC |
Multiple accounts Relay Business Checking Learn more at Relay, Deposits are FDIC Insured | 4.9/5 | $0 | N/A | N/A | Learn more at Relay, Deposits are FDIC Insured |
Business savings account Live Oak Bank Business Savings Learn more at Live Oak Bank, Member FDIC | 5.0/5 | $0 | 4.00% With $0.01 min. balance for APY | N/A | Learn more at Live Oak Bank, Member FDIC |
Freelancers and side hustlers Found Small Business Banking Learn more at Found, Deposits are FDIC Insured | 4.4/5 | $0 | N/A | $20 Requirements to qualify | Learn more at Found, Deposits are FDIC Insured |
Free wire transfers Mercury Business Bank Account Learn more at Mercury, Deposits are FDIC Insured | 4.1/5 | $0 | N/A | N/A | Learn more at Mercury, Deposits are FDIC Insured |
Built-in invoicing Novo Business Checking Learn more at Novo, Deposits are FDIC Insured | 4.4/5 | $0 | N/A | N/A | Learn more at Novo, Deposits are FDIC Insured |
Unlimited refunds on ATM fees LendingClub Tailored Checking | 4.9/5 | $10.00 Waived with $500 minimum balance | 1.50% With $0 min. balance for APY | N/A |
I'M INTERESTED IN:
Our pick for
High-yield business checking
Bluevine Business Checking
Read Review
Learn more
at Bluevine, Deposits are FDIC Insured
APY
2.00%
With $0 min. balance for APY
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No
Fees vary by location.
Overdraft fees
$0
Bonus
N/A
Bluevine's free business checking account includes a top-notch interest rate:
Earn 2.00% interest on account balances up to and including $250,000. Terms apply.
Customers also get checkbooks, which are rare among online banks.Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Earn 2.00% interest on account balances up to and including $250,000. Terms apply.
- Access up to $3 million in FDIC insurance with Insured Cash Sweep.
- No fees at MoneyPass ATMs.
- Free incoming wires and low outgoing wire transfer fees.
Cons
- Fee for cash deposits.
- Fee for using out-of-network ATMs.
- Does not offer jointly-owned accounts.
Our pick for
Overall online business bank account
American Express® Business Checking
Read Review
Learn more
at American Express National Bank, Member FDIC
APY
1.30%
With $0 min. balance for APY
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
N/A
Bonus
N/A
American Express offers our top online business checking account with 24/7 customer support, no monthly fees or transaction limits and a competitive APY on balances up to $500,000. The one drawback: No cash deposits.
Pros
- No monthly fees or minimum opening deposit.
- No excess transaction fees and no charge for incoming wires.
- Earn 1.30% APY on balances up to $500,000.
- 24/7 customer support.
- No fees at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
Our pick for
Branch access
Chase Business Complete Banking®
Read Review
Learn more
at Chase, Member FDIC
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Min. opening deposit
$0
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$34
Bonus
$300
Requirements to qualify
Chase business checking customers have access to more than 4,700 branch locations. Chase charges a monthly fee, but you can waive it by maintaining a minimum balance of at least $2,000. Plus, Chase customers who use iPhones can accept tap-to-pay payments from competitors thanks to Chase QuickAccept, Chase's payment processing service.
Pros
- No minimum opening deposit.
- Unlimited fee-free electronic transactions.
- Integrated credit card processing.
- No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
- 24/7 customer support.
- No fees at 16,000 Chase ATMs and access to around 4,700 branches.
Cons
- $15 monthly fee.
- Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
- Fee for using out-of-network ATMs.
Our pick for
Cash back + high APY
Grasshopper Business Checking Account
Read Review
Learn more
at Grasshopper Bank, Member FDIC
APY
2.25%
With $0 min. balance for APY
Monthly fee
$0
Min. opening deposit
$100
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
Bonus
N/A
Grasshopper's high-yield business checking account has no monthly fees and offers unlimited 1% cash back on qualified debit card purchases. The bank does not support cash deposits, however.
Pros
- Unlimited 1% cash back on qualified debit card purchases.
- Earn up to 2.25% APY.
- No monthly fees or overdraft charges.
- Free, built-in bookkeeping software.
Cons
- Can’t deposit cash.
- $100 minimum opening deposit.
- No weekend support.
Our pick for
Cash deposits
Bank of America® Business Advantage Fundamentals™ Banking
Read Review
Learn more
at Bank of America, N.A., Member FDIC
APY
N/A
Monthly fee
$16.00
$0 for the first 12 statement cycles.
Min. opening deposit
$100
Free cash deposits
Yes
Up to $7,500 per statement cycle.
Overdraft fees
$10
Bonus
$200
Requirements to qualify
Bank of America's Business Advantage Fundamentals account has a high cash deposit allowance for a brick-and-mortar bank — $7,500 per month — and offers unlimited fee-free electronic transactions.
Pros
- No monthly fee for the first 12 statement cycles.
- High cash deposit limits.
- Welcome offer for new accountholders.
- Loyalty perks via Preferred Rewards for Business program.
Cons
- $100 minimum opening deposit.
- Fee for using out-of-network ATMs.
Our pick for
Sign-up bonus
U.S. Bank Silver Business Checking
Read Review
Learn more
at U.S. Bank, Member FDIC
APY
N/A
Monthly fee
$0
Min. opening deposit
$100
Free cash deposits
Yes
Up to $2,500 per month.
Overdraft fees
$36
Bonus
$800
Requirements to qualify
It's unusual to find a free business checking account from a big brick-and-mortar bank, but this account delivers just that. Plus, it offers a big sign-up bonus for users who meet certain requirements.
Pros
- No monthly service fee for Silver Business Checking account.
- Welcome bonus for new customers (terms apply).
- No fees at U.S. Bank and MoneyPass ATMs.
Cons
- Low cash deposit limits.
- Limit of 125 fee-free transactions per month.
- $1 fee for outgoing domestic ACH transfers.
Our pick for
Accepting in-person payments
nbkc Business Account
Read Review
Learn more
at nbkc bank, Member FDIC
APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$0
Bonus
N/A
NBKC customers who use iPhones can accept tap-to-pay payments from competitors' credit cards, debit cards and mobile wallets at competitive payment processing rates. Plus, this free business account offers unlimited fee-free cash deposits via compatible MoneyPass ATMs — a rare feature for online accounts.
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions, no overdraft fees and free incoming domestic wires.
- Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
- Unlimited cash deposits via MoneyPass ATMs.
- Accept contactless payments via the NBKC app (iOS only). Fees apply.
Cons
- High fee ($45) for international wire transfers.
- Phone support only available during business hours.
- No third-party app integrations.
Our pick for
Multiple accounts
Relay Business Checking
Read Review
Learn more
at Relay, Deposits are FDIC Insured
APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$0
Bonus
N/A
Relay lets business owners open as many as 20 accounts (10 for sole proprietorships), helping you parcel out funds for payroll, loan repayments and other expenses. Its online business account also includes fee-free cash deposits and the ability to set up automatic transfers to Relay’s high-yield business savings account, which earns
1.00%
-3.00% APY, depending on your balance. Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Cash deposits via compatible AllPoint ATMs.
- Automatic transfers to high-yield business savings earning up to 3.00% APY.
- No foreign transaction fees when you use your Relay Visa® Debit abroad.
- Free incoming wires and low outgoing wire transfer fees.
Cons
- Deposited checks are held for up to 6-7 business days.
- No bill pay feature in the free plan.
Our pick for
Business savings account
Live Oak Bank Business Savings
Read Review
Learn more
at Live Oak Bank, Member FDIC
APY
4.00%
With $0.01 min. balance for APY
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No
No cash deposits
Overdraft fees
N/A
Bonus
N/A
Live Oak’s free high-yield business savings account earns
4.00%
APY, with no caps or minimum balance requirement, making it a great place to save for expansion or stash your emergency fund. And you can access up to $10 million in FDIC insurance coverage through Live Oak’s Insured Cash Sweep program, albeit at a slightly lower interest rate.Pros
- Industry-leading APY.
- No minimum balance to earn interest.
- No monthly fee or minimum deposit.
- Access up to $10 million in FDIC insurance with Insured Cash Sweep.
Cons
- No ATM or debit card access.
- No weekend customer support.
Our pick for
Freelancers and side hustlers
Found Small Business Banking
Read Review
Learn more
at Found, Deposits are FDIC Insured
APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No
$2 fee per deposit
Overdraft fees
$0
Bonus
$20
Requirements to qualify
Found's free business checking includes invoicing, bookkeeping and tax-planning tools and integrates with popular business and gig work apps.
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions, no overdraft fees and free incoming domestic wires.
- Free, built-in invoicing, bookkeeping and tax-planning features.
- Integrates with popular business apps, including Stripe, Etsy and PayPal.
Cons
- Phone support only available during business hours.
- Have to open account in your name, not business name, and use your SSN to apply. (Business EIN can be added later.)
- No outgoing wires. Can’t pay by check.
- Cash deposits limited to $2,000 per week; $4,000 per month. A $2 service fee applies.
- No bill pay feature.
Our pick for
Free wire transfers
Mercury Business Bank Account
Read Review
Learn more
at Mercury, Deposits are FDIC Insured
APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
Bonus
N/A
Mercury's business account takes free to the next level, with no transaction fees, overdraft fees and free domestic and international wire transfers. This account isn't available to sole proprietors.
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions; no overdraft fees.
- Free domestic and international wire transfers.
- Advanced digital tools including API access to automate and customize your banking.
Cons
- Can’t deposit cash.
- Mercury is not part of a fee-free ATM network.
Our pick for
Built-in invoicing
Novo Business Checking
Read Review
Learn more
at Novo, Deposits are FDIC Insured
APY
N/A
Monthly fee
$0
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
$0
Bonus
N/A
Novo's free online business account includes unlimited invoicing and bill pay, plus refunds on any ATM fees charged in the U.S. or abroad.
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions and free incoming wires.
- Refunds on all ATM fees worldwide.
- Integrates with top business tools, including Xero, Stripe and Shopify.
Cons
- Can’t deposit cash.
- Can’t send domestic or international wires.
- No recurring payments available with bill pay.
- No customer support by phone.
- No bill pay feature.
Our pick for
Unlimited refunds on ATM fees
LendingClub Tailored Checking
APY
1.50%
With $0 min. balance for APY
Monthly fee
$10.00
Waived with $500 minimum balance
Min. opening deposit
$100
Free cash deposits
Yes
Unlimited
Overdraft fees
$0
Bonus
N/A
This account pays you back when you spend and when you save, with cash back on qualifying debit card purchases and 1.5% APY on the balance in your account (terms apply). Plus, LendingClub refunds all ATM fees worldwide.
Pros
- Unlimited fee-free transactions; no overdraft fees.
- Earn 1.50% APY on balances up to $100,000 and 0.10% on all balances after that.
- Fee-free ATM access with automatic refund of third-party ATM fees (worldwide).
- Cash deposits via MoneyPass and SUM ATMs.
- Earn unlimited 1% cash back on debit card purchases.
Cons
- $10 monthly fee.
- $100 minimum opening deposit requirement.
- Minimum $500 balance required to earn cash-back rewards and waive monthly fee.
- Limits of $10,000 on both incoming and outgoing ACH transfers.
Can you open a business bank account online?
You can open a business bank account online in a matter of minutes with many business banks. Online banks and neobanks specialize in this type of business account, but they're not your only option.
Keep these differences in mind when deciding where to open your business account.
This is not an exhaustive list.
- American Express.
- Axos Bank.
- Bank of America.
- Blue Federal Credit Union.
- Bluevine.
- BMO Harris.
- Brex.
- Chase.
- Found.
- Grasshopper.
- Huntington Bank.
- LendingClub.
- Lili.
- Live Oak.
- Mercury.
- NBKC.
- NorthOne.
- Novo.
- PNC.
- QuickBooks Money.
- TD Bank.
- Truist.
- Wells Fargo.
Online banks
Online banks typically offer free business checking accounts with unlimited transactions and no monthly fees. These accounts are fully digital, so you don’t just apply online — all of your business banking activity is done via an app or website.
That makes it especially important to compare online banks' customer service offerings. Some of these business bank accounts come with phone support 24/7, some offer phone support during business hours only and many are somewhere in between.
Neobanks
Some online banks are actually neobanks — financial technology companies that don't have bank charters themselves. Instead, they partner with existing banks to hold customer funds in business bank accounts insured by the Federal Deposit Insurance Corporation (FDIC).
Neobanks often offer features you won't find from traditional business bank accounts, even those from online banks. Found, for example, gives freelancers and sole proprietors a dynamic estimate of their tax liability that changes as they spend and earn. It will also keep track of deductible expenses and automatically generate a Schedule C, which you’ll use to file your taxes.
💬 From our Nerds: A note about neobanks
"We've been monitoring many neobanks for years to keep NerdWallet's information up to date. One thing we've noticed? Their products evolve often.
"Sometimes, that's for the better. These are essentially tech companies. They try to improve on the status quo with new perks and services, especially when it comes to software.
"But sometimes, the changes aren't so good for consumers. For instance, Lili used to offer free tax-planning tools. Over time, the company moved those features to plans with monthly fees, pushing customers to spend more. More dramatically, Oxygen pivoted its focus in early 2024 and closed all its existing business accounts.
"Ultimately, you can get a lot of value from a neobank. Just make sure you're comfortable with the risks that come with these kinds of changes."
— Rosalie Murphy, lead writer covering small business
The following neobanks offer online business accounts that are included in the roundup of best online business accounts:
- Bluevine.
- Found.
- Lili.
- Mercury.
- Novo.
- Relay.
Each neobank on our list partners with a FDIC-insured bank to ensure your funds are protected in the event of a bank failure.
» Learn more: 5 questions to ask before opening a neobank account
Brick-and-mortar banks
A number of brick-and-mortar small-business banks offer the best of both worlds. Business owners can open a business checking account online and still have access to in-person banking when they need it.
Unlike their online counterparts, traditional banks often place caps on free transactions and deposits. Many charge a monthly fee but offer ways to waive it. Plus, you may have to jump through additional hoops to open an account. For instance, PNC may require you to meet with a banker via video to verify your application documents. And you'll have to visit a Chase branch if you want an LLC bank account but have multiple members managing your company.
How to choose an online business bank account
If you're planning to give an online bank your business, you'll likely want to take a few additional steps:
- Understand if it's a digital bank or neobank. One is not better or worse than the other by default. But a neobank will have more moving parts since it relies on a partner bank. Verify that partner using the FDIC’s BankFind tool to ensure legitimacy. (NerdWallet does not recommend any neobanks without FDIC-insured banking partners.)
- Research the bank's reputation. NerdWallet’s review is a great place to start. You can also read customer reviews on sites like TrustPilot. Pay close attention to feedback about issues that required customer service resolution, like account freezes.
- Check out app store reviews, too. If you plan to rely on online banking tools, you'll want to make sure they offer a solid experience. You likely won't be able to take those tools for a complete test drive without opening an account, so app store listings, ratings and reviews will offer you the next best thing. This information can help you understand how often a mobile app is being updated, if it has features you want and what other customers think of the service.
Online business banking services
Some online banking basics — think checking your balance or transferring money across accounts — is largely table stakes for most financial institutions at this point. But if you want access to cutting-edge digital tools, make sure you dig into a provider's suite of online business banking services as part of your evaluation as well. These services may include:
- Expense management tools that handle tasks like bill payment and employee reimbursements.
- Invoicing features that let you manage payable and receivable accounts.
- Integrations that combine bank account information with other business tools, like accounting software.
- Virtual debit cards that you can issue to employees.
- Zelle for business or other built-in software for accepting customer payments.
- Sub-accounts for setting money aside for different purposes, like payroll, or long-term goals (some of these may transfer funds to an interest-bearing account as well).
How to open a business checking account online
Business bank account requirements vary by institution. But to open a business checking account online, you'll typically need to:
- Provide basic information about yourself and any additional business owners.
- Include personal identification, such as a driver’s license or Social Security number.
- Provide essential details about your business, like your tax ID number.
- Upload legal business documentation, which will vary based on your entity type.
If the account requires a minimum opening deposit, you'll also need to fund that deposit — by ACH transfer, check or debit card — before you can open your business bank account. The bank will refund or cancel the deposit if your application is denied.
🤓 Nerdy Tip
When you fund your new business account online, avoid depositing all of your assets at once. Most business accounts place a longer hold on deposits for new accounts, and you could lose access to those funds for 7 to 10 business days. Other accounts will flag large deposits, followed by large transactions, for fraud.Note on
American Express® Business Checking
: At Allpoint® and MoneyPass® locations in the U.S., you can withdraw cash and get balance information with no fee. Access to ATMs outside of the Allpoint® and MoneyPass® networks are subject to fees by the ATM owner and/or network. ATM withdrawal limits apply. American Express applies foreign exchange fees to withdrawals in foreign currencies. American Express does not accept ATM cash deposits into your Business Checking account at this time. Visit americanexpress.com/atm-locator to find participating ATMs in the U.S.Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC.
Last updated on August 12, 2024
Methodology
NerdWallet evaluates more than 30 business bank accounts from national, regional and online banks. Collectively, these accounts represent the largest banks by assets, internet search traffic and other factors, along with notable or emerging players in the industry.
We consider more than 20 data points for each account, scoring them on fees, perks and accessibility, among other factors. This information is gathered from each financial institution's website and company representatives. In addition, data is collected regularly and reviewed by our editorial team for consistency and accuracy.
Final star ratings are presented on a scale of one to five stars, where a one-star score represents "poor" and a five-star score represents "excellent." Learn more about how we rate business checking accounts.