The Best 10 Business Checking Accounts for 2024
Choosing the right business checking account is crucial for managing your company’s finances efficiently. A good account can streamline your operations, minimize fees, and provide essential features to support your business growth. Whether you’re a startup or an established enterprise, finding the best business checking account for your needs can make a significant difference. Here’s a look at the top 10 business checking accounts for 2024, each offering unique features to suit various business needs.
1. Chase Business Complete Banking℠
Best For: Comprehensive features and extensive branch network
Chase Business Complete Banking℠ offers a robust suite of features ideal for growing businesses. It provides access to over 16,000 ATMs and 4,700 branches nationwide. With no monthly service fee if you maintain a minimum balance, this account also includes 100 free transactions per month and 5 free non-Chase ATM transactions. Additional benefits include expense tracking and integration with popular accounting software.
2. Bank of America Business Advantage Fundamentals™ Banking
Best For: Low fees and easy online management
Bank of America’s Business Advantage Fundamentals™ Banking account is perfect for businesses that value straightforward, low-cost banking. With a low monthly fee that can be waived by meeting the minimum balance requirement, this account offers 200 free transactions per month and access to a large network of ATMs. Its online and mobile banking platforms are highly rated, making account management easy and efficient.
3. Wells Fargo Business Choice Checking
Best For: Flexibility and customizable options
Wells Fargo’s Business Choice Checking provides flexibility with its tiered fee structure, allowing you to choose the best option based on your business needs. You can avoid monthly fees by maintaining a minimum balance or by linking your account to other Wells Fargo services. The account includes 50 free transactions per month and provides access to a broad network of ATMs and branches.
4. Capital One Spark Business Basic Checking
Best For: No monthly fees and easy online access
Capital One’s Spark Business Basic Checking account is known for its simplicity and lack of monthly fees. It offers free transactions and unlimited electronic deposits. With easy online and mobile banking access, this account is ideal for businesses that prefer minimal fees and straightforward features. It also includes access to a large network of ATMs.
5. U.S. Bank Silver Business Checking
Best For: Low cost and easy maintenance
The U.S. Bank Silver Business Checking account is a no-frills option designed for businesses with simpler banking needs. It features a low monthly fee that can be waived with a minimum balance. The account offers 150 free transactions per month and access to U.S. Bank’s extensive ATM network. It’s an excellent choice for businesses seeking low-cost, reliable banking.
6. PNC Business Checking
Best For: Cash flow management and flexibility
PNC’s Business Checking account provides flexible options to manage your cash flow effectively. With a low monthly fee and 150 free transactions, this account also offers free online and mobile banking. PNC’s Virtual Wallet feature allows for better financial planning by integrating your checking and savings accounts, which is particularly useful for businesses with fluctuating cash flow.
7. TD Bank Small Business Checking
Best For: High transaction limits and accessibility
TD Bank’s Small Business Checking account is ideal for businesses with a higher volume of transactions. It offers 200 free transactions per month and provides access to a large network of branches and ATMs. The account also includes online banking and mobile deposit features, making it a good option for businesses that require both flexibility and high transaction limits.
8. Novo Business Banking
Best For: Digital banking features and low fees
Novo is the powerfully simple small business banking platform that’s resetting expectations of small business banking. Complete with integrations to tools small business owners are already using like Stripe, Shopify, Square, and Quickbooks Online.
9. Regions Bank Business Checking
Best For: Regional access and customer service
Regions Bank offers a Business Checking account that is ideal for businesses located in the Southeastern U.S. It features a low monthly fee that can be waived with a minimum balance and provides 100 free transactions per month. With excellent customer service and access to a regional network of branches and ATMs, this account is well-suited for businesses in the region.
10. Lili Business Banking
Best For: Online-only convenience and FDIC insurance
Lili is a complete all-in-one banking and accounting platform for small businesses in the US. We offer business banking, smart bookkeeping, unlimited invoices & payments, and tax planning tools so small business owners know where the business stands
When choosing a business checking account, consider factors such as transaction limits, fees, branch access, and digital banking features. The right account will depend on your business size, transaction volume, and banking preferences. By selecting one of these top 10 business checking accounts, you can ensure that your company’s financial management is efficient, cost-effective, and well-supported.
