Discovering the Best Online Business Bank Accounts for 2025

For Maximum Interest:

Bluevine Business Checking

• Pros: Offers a competitive Annual Percentage Yield (APY), allowing businesses to earn more on idle cash. Provides the ability to create subaccounts for better organization.
• Cons: Limited physical branch access; primarily online banking.
• Recommendation Reason: Great for businesses looking to maximize their savings on cash reserves.
• Website: Bluevine

For Fee Avoidance:

Axos Bank Basic Business Checking

• Pros: No monthly fees and reimbursements for ATM fees. Simple and straightforward banking.
• Cons: Limited features compared to more comprehensive accounts.
• Recommendation Reason: Ideal for businesses wanting to minimize costs.
• Website: Axos Bank

For Perk-Driven Businesses:

Novo Business Checking

• Pros: Offers numerous integrations with popular business tools and discounts on various services. No monthly fees.
• Cons: Limited cash deposit options; primarily geared towards online transactions.
• Recommendation Reason: Perfect for startups and entrepreneurs who benefit from additional perks.
• Website: Novo

For Transaction-Heavy Businesses:

First Internet Bank Do More Business™ Checking

• Pros: Unlimited transactions and no monthly fees. ATM fee reimbursements enhance convenience.
• Cons: Primarily an online bank, which may not suit businesses needing in-person services.
• Recommendation Reason: Best for businesses that handle a high volume of transactions.
• Website: First Internet Bank

Other Top Contenders:

• Chase Business Complete Banking®

  • Pros: Comprehensive services, including payment processing tools and a rewards program.
  • Cons: Monthly fees may apply unless minimum balances are maintained.
  • Recommendation Reason: Well-rounded option for various business needs.
  • Website: Chase

• U.S. Bank Silver Business Checking Account Package

  • Pros: No monthly fee with a generous cash deposit allowance.
  • Cons: May have limited online features compared to digital-only banks.
  • Recommendation Reason: Suitable for businesses that need to deposit cash frequently.
  • Website: U.S. Bank

• LendingClub Tailored Checking

  • Pros: Combines interest-bearing features with cashback on debit purchases.
  • Cons: Limited ATM network compared to larger banks.
  • Recommendation Reason: Great for businesses looking for a hybrid banking solution.
  • Website: LendingClub

• Grasshopper Business Checking Account

  • Pros: Rewards on debit card spending while keeping fees low.
  • Cons: Limited features compared to some competitors.
  • Recommendation Reason: Ideal for businesses that prioritize rewards.
  • Website: Grasshopper

Before You Decide

It's crucial to evaluate your business's specific needs when selecting an online bank account. Consider factors such as transaction volume, monthly balance requirements, cash deposit frequency, and desired features.

Taking the Next Step

Research online reviews and visit the banks' websites for more information. Don’t hesitate to contact these banks directly with any questions you may have. With thorough research, you can find the perfect online business bank account to support your entrepreneurial journey.

Comparison Table

Here’s a comparative overview of the recommended online business bank accounts:

This table provides a clear comparison of the accounts based on their features, helping you make an informed decision.