Best Business Banking for New Businesses
Open a fee-free business bank account in minutes — no branch visit required
Mercury
The go-to banking platform for startups. Offers checking, savings, and treasury — all with zero fees and a beautiful dashboard.
- No monthly fees or minimums
- FDIC insured up to $5M via partner banks
- Built-in bookkeeping integrations
- Team access & role permissions
Relay
Profit-first banking with up to 20 no-fee checking accounts. Perfect for businesses that use envelope budgeting.
- Up to 20 checking accounts
- No hidden fees — ever
- Auto-transfer rules
- Integrates with QuickBooks & Xero
Bluevine
Earn interest on your business checking while accessing a built-in line of credit up to $250K.
- Up to 2.0% APY on checking
- No monthly fees
- Built-in line of credit
- Same-day ACH transfers
Novo
Small business banking with powerful app integrations. Connect Stripe, Shopify, and more directly to your account.
- Free business checking
- App store with 50+ integrations
- Invoicing built in
- No minimum balance
Why You Need a Separate Business Bank Account
Mixing personal and business finances is one of the fastest ways to lose your LLC's liability protection. Courts can 'pierce the corporate veil' if you commingle funds — making you personally liable for business debts.
A dedicated business account also simplifies bookkeeping, makes tax filing straightforward, and looks more professional when receiving payments from clients.
Modern fintech banks let you open an account online in minutes with just your EIN and articles of incorporation — no branch visit, no minimum balance.
Other Services for New Businesses
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