Choosing the right business bank account is an essential step for any small business owner. The right account helps keep personal and business finances separate, simplifies bookkeeping, and ensures your business remains compliant with tax regulations.

With so many options available, it can be overwhelming to decide which bank is the best fit for your needs. This guide breaks down the top business bank accounts for 2025, covering key features, fees, and who each account is best suited for.

Why You Need a Business Bank Account

Keeping your personal and business finances separate is not just a best practice—it is often a legal requirement.

Benefits of a business bank account:

• Helps protect personal assets by maintaining legal separation.
• Simplifies bookkeeping and tax filing by keeping transactions organized.
• Allows for more professional client payments and vendor transactions.
• Provides access to business credit, loans, and financial services.

If you operate as an LLC, S-corp, or corporation, a separate business account is required to maintain legal protections. Even sole proprietors benefit from keeping finances distinct.

Top Business Bank Accounts for Small Businesses in 2025

The best account for you depends on factors like transaction volume, fees, online banking features, and whether you need in-person banking. Here are the top choices:

1. Chase Business Complete Banking

Best for: Small businesses that want a mix of in-person and online banking.

Key features:

• No monthly fee if you maintain a $2,000 balance.
• Includes built-in merchant services for easy payment processing.
• Free ATM access at Chase locations nationwide.
• Mobile banking with mobile check deposits.

Potential drawbacks:

• A monthly fee applies if balance requirements are not met.
• Limited fee-free transactions per month.

2. Bluevine Business Checking

Best for: Business owners looking for a free, high-interest checking account.

Key features:

• No monthly fees or minimum balance requirements.
• Earns up to 2.0% APY on balances.
• Unlimited transactions with no fees.
• Integrates with QuickBooks and other accounting software.

Potential drawbacks:

• No physical branches for in-person banking.
• Cash deposits must be made through third-party services, which may incur fees.

3. Novo Business Banking

Best for: Freelancers and solopreneurs who want a digital-first banking experience.

Key features:

• No monthly fees or minimum balance requirements.
• Free transfers, mailed checks, and incoming wires.
• Built-in integrations with Stripe, PayPal, and QuickBooks.
• Mobile app with budgeting and expense tracking features.

Potential drawbacks:

• No cash deposits.
• No business credit cards or lending options.

4. Bank of America Business Advantage Checking

Best for: Businesses looking for full-service banking with lending options.

Key features:

• Two account options: one for smaller businesses and one for growing companies.
• Cash back business credit cards available.
• Online banking with bill pay and mobile check deposit.
• Discounts on payroll and bookkeeping services.

Potential drawbacks:

• Monthly fees apply unless balance or spending requirements are met.
• Fees for excess transactions.

5. Mercury Business Banking

Best for: Startups and online businesses needing modern banking tools.

Key features:

• No monthly fees, overdraft fees, or minimum balance requirements.
• Free wire transfers and check payments.
• Automated cash management tools.
• Virtual and physical debit cards for business spending.

Potential drawbacks:

• No physical branches or in-person customer service.
• Designed for online-based businesses rather than cash-heavy operations.

How to Choose the Best Business Bank Account for You

When selecting a business bank account, consider:

• Fees: Look for accounts with no or low monthly fees and transaction costs.
• Ease of use: Choose a bank with user-friendly online and mobile banking.
• Integrations: Ensure compatibility with QuickBooks or your bookkeeping software.
• Funding options: If you plan to apply for business credit, choose a bank that offers lending solutions.
• Branch access: Decide whether you need in-person banking or if an online bank meets your needs.

Final Thoughts: Get Your Business Bank Account Set Up

A dedicated business bank account is a key step in running a professional, organized business. Choosing the right account can save you time, money, and stress as you manage your business finances.

Need help setting up and managing your business finances?