These 20+ Bank Accounts Were Made for Startups

When you start searching for the best bank account for your business, you might find that the features you need are a little different from what you would need for a personal account. You will want a versatile account with minimal fees (including monthly, deposit, and transaction fees) to keep your overhead costs low; bookkeeping integration to follow your transactions closely and make sure everything is in the clear with your accounting department; options to integrate the account with payroll; and competitive rates for small business loans, which you will likely need at some point.

Though it can be tricky to find one bank account that checks off every single box, there are dozens that check off the majority of them. We have done the research and compiled a list of bank accounts that were practically tailor-made for small businesses and startups. While their features vary, we are confident that you will find something on this list that works for your startup. 

Capital One
Basic Business Checking Account
Monthly fee: $15 (waived if prior 30- or 90-day balance averages $2,000 or more)
Transaction fee: $15 per incoming domestic wire and $25 per outgoing wire
Cash deposit fee: Included monthly at no charge for up to $5,000; $1 for every $1,000 deposited after that

Nearside
Business Checking Account
Monthly fee: None
Transaction fee: You will be charged a $1 fee each time you use an out-of-network ATM to withdraw funds.
Cash deposit fee: None

Axos Bank
Basic Business Checking Account
Monthly fee: None
Transaction fee: First 200 transactions each month are free ($0.30 each after)
Cash deposit fee: None

Bluevine
Business Checking Account
Monthly fee: None
Transaction fee: Unlimited fee-free transactions
Cash deposit fee: $4.95 per deposit

Brex
Cash Account
Monthly fee: None
Transaction fee: None
Cash deposit fee: None

Chase
Business Complete Banking Account
Monthly fee: $15 (multiple ways to waive, including maintaining a minimum daily balance of $2,000)
Transaction fee: 20 teller/paper transactions free; $0.40 each after
Cash deposit fee: Fee-free cash deposits limited to $5,000 per month

First Internet Bank
Business Checking Account
Monthly fee: None
Transaction fee: Unlimited fee-free transactions
Cash deposit fee: No cash can be deposited

Grasshopper
Innovator Business Checking Account
Monthly fee: None
Transaction fee: None
Cash deposit fee: Cash deposits not accepted

Mercury
Business Checking Account
Monthly fee: None
Transaction fee: None
Cash deposit fee: $4.95 per deposit

Novo
Business Checking Account
Monthly fee: None
Transaction fee: Unlimited fee-free transactions
Cash deposit fee: Cash deposits not accepted

Silicon Valley Bank
Edge Account
Monthly fee: Free checking for 3 years; thereafter subject to an account maintenance fee of $50 per month
Transaction fee: None
Cash deposit fee: None

First Republic
Business Checking Account
Monthly fee: Minimum average daily balance of $15,000 to avoid monthly service fee (currently $30)
Transaction fee: None
Cash deposit fee: Write up to 100 checks and make up to 21 deposits every month at no charge

Rho
Business World Elite Account
Monthly fee: None
Transaction fee: None
Cash deposit fee: None

Bank Prov
Business Checking Account
Monthly fee: $2 per month if account holder chooses to receive paper statement
Transaction fee: $0.50 per check after the sixth paid check
Cash deposit fee: None

Lili
Business Account
Monthly fee: Lili Basic (free) and Lili Pro ($4.99 per month)
Transaction fee: Unlimited fee-free transactions
Cash deposit fee: None

Relay
Business Checking Account
Monthly fee: None
Transaction fee: Unlimited fee-free transactions
Cash deposit fee: No deposits in cash accepted

U.S. Bank
Business Checking Account
Monthly fee: None for Silver, $20 for Gold, and $30 for Platinum
Transaction fee: 125 free transactions per statement cycle with Silver and $0.50  for each additional transaction; 300 free transactions per statement cycle with Gold and $0.45 for each additional transaction; 500 free transactions per statement cycle with Platinum and $0.40 for each additional transaction
Cash deposit fee: None for Silver 25 transactions, Gold 100 transactions, and Platinum 200 transactions; $0.50 each once free transactions are surpassed

Bridge Bank
Business Checking Account
Monthly fee: Monthly service charge of $16 can be waived with a minimum daily balance of $2,500
Transaction fee: $0.55 per item for each item over 200 during statement cycle
Cash deposit fee: No fee for first $10,000 monthly cash deposited; $3 per $1,000 for additional cash deposited

KeyBank
Basic Business Checking Account
Monthly fee: $5 or fee waived with at least a $1,000 average daily balance per monthly statement cycle or $10,000 in combined balances from business deposit accounts
Transaction fee: None
Cash deposit fee: Cash deposit up to $25,000 per statement cycle at no cost

Bonsai
Cash Account
Monthly fee: None
Transaction fee: None
Cash deposit fee: None

LendingClub
Business Checking Account
Monthly fee: $10 (waived with average monthly balance of $500+)
Transaction fee: None
Cash deposit fee: None

Wells Fargo
Navigate Business Checking Account
Monthly fee: To avoid the $25 monthly fee, maintain a $10,000 minimum daily balance/$15,000 average combined business deposit balances.
Transaction fee: None for the first 250 transactions per fee period, then $0.50 per transaction
Cash deposit fee: None for the first $20,000 deposited per fee period; $0.30 per $100 deposited after $20,000