![]() ![]() But if you have an established business-then Axos Bank deserves your attention.īesides having no monthly fee, Axos Bank also offers unlimited transactions and reimbursement on ATM fees. So if you want a free account because you don’t have much cash on hand, you should go with its basic checking account, or another bank. The minimum deposit to open a business interest checking account is $100, but its basic checking account is free. We’ll cut to the chase: Axos Bank doesn’t charge a maintenance fee on its business checking account, but it’s not as cheap an option as other accounts on this list. So for most businesses, we recommend getting your new business checking account from Bluevine.Īxos Bank works best for businesses that are established enough to have some cash on hand. Sounds like the whole enchilada, right? Put simply, Bluevine offers an all-around great checking account for businesses ― and it’s almost entirely free. Oh, and don’t forget that Bluevine has excellent customer reviews too. In other words, it’s really, really free.Īs an additional perk, Bluevine gives you a couple of free checkbooks when you open your new account (while banks like Kabbage charges you at least $20 per checkbook). You don’t have to make a minimum opening deposit to get an account. You don’t have to pay a monthly fee, transaction fees, ATM fees, or non-sufficient fund fees. One of the best features? Bluevine offers a 2.0% interest rate on account balances up to $250,000.Īnd interest aside, Bluevine’s checking is everything a free checking account should be. Fortunately, most bank accounts give you a number of free transactions and cash deposits each month, so you might be able to avoid those fees.īluevine offers a well-rounded interest-bearing checking account that happens to be free―making it our favorite free business checking account. Just keep in mind that you won’t be able to waive other fees (like transaction fees or cash deposit fees). So if you have a bank you like, go ahead and ask about how you can waive monthly fees and get a free checking account. Bank of America waives the $14 fee on its basic checking when you join its Preferred Rewards for Business program.Īnd those are just a few of your options.KeyBank waives the $5 fee on its cheapest checking account when you keep an average balance of $1,000 in your checking account.PNC will waive the $10 fee on its basic checking account if you spend at least $500 on your business credit card each month.Pretty much all business banks will waive the monthly fee on your checking account when you meet certain conditions, like meeting a minimum balance requirement. There’s a good chance you can get those fees waived. But if you have your heart set on another bank (perhaps one offering more than just online banking) that does charge monthly service fees, don't fret. ![]() The checking accounts above don’t charge any kind of monthly maintenance fee. ![]()
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