5 Best Online Banks for Free Business Checking Accounts
If you are a small business owner, then you know how important it is to have a free business checking account. However, traditional banks often charge high fees, which can eat into your profits. Fortunately, there are several online banks that offer free business checking accounts. Here are the five best online banks that you should consider for your business checking needs.
1. BlueVine
BlueVine is an online bank that offers a free business checking account with no monthly maintenance fees and no minimum balance requirement. Their checking account also comes with unlimited transactions and free online bill pay. In addition, BlueVine offers high-yield business savings accounts and lines of credit.
2. Axos Bank
Axos Bank is another online bank that offers a free business checking account with no monthly maintenance fees and unlimited transactions. They also offer a Rewards Checking account that offers up to 1.25% APY on balances up to $150,000. Additionally, Axos Bank offers cash management services and lending solutions for businesses.
3. Novo
Novo is a digital-only bank that offers a free business checking account with no monthly fees, no minimum balance requirement, and unlimited transactions. Their checking account also comes with free online invoicing and integration with popular accounting software. Novo also offers a range of business tools and resources, such as expense management and tax preparation.
4. Wise
Wise (formerly TransferWise) is a global online bank that offers a free multi-currency business account. Their account comes with no monthly fees and no hidden fees on international transactions. Wise also offers a business debit card and integration with popular accounting software. Additionally, Wise offers international money transfers at low rates.
5. NorthOne
NorthOne is an online bank that offers a free business checking account with no monthly maintenance fees and unlimited transactions. Their checking account also comes with free online invoicing and integration with popular accounting software. NorthOne also offers a range of business tools, such as cash flow projections and expense tracking.
In conclusion, if you are in search of a free business checking account, then online banks offer an attractive alternative to traditional banks. Each of the above-mentioned online banks offers a free business checking account along with additional features and benefits that may be useful for your business. Consider your specific business needs and choose the bank that aligns best with your financial goals.
