8 Best Free Business Checking Accounts for Saving Money 

Running a business can be challenging and managing finances is one of the most critical tasks to ensure success. Choosing the right business checking account can help save you money on fees and provide additional perks to help your business grow. In this article, we’ll explore the eight best free business checking accounts that can help you save money and take your business to the next level. 

From traditional banks to online-only options, we’ve researched and analyzed the best free business checking accounts available. Whether you’re a small business owner or an entrepreneur starting a new venture, this guide will help you find the right account to keep your finances in order while saving you money. So, let’s dive in and discover the top free business checking accounts on the market. 

1. BlueVine Business Checking

Why We Like It: BlueVine Business Checking is a great option for small businesses that need a simple, no-fee checking account. It offers unlimited transactions, no monthly maintenance fees, and no minimum balance requirements. Plus, you get access to a free business debit card and ATM network. 

Who Should Get It: Small businesses that want a free checking account with no hidden fees or minimum balance requirements. 

Pros:

• No fees or minimum balance requirements 
• No monthly maintenance fees 
• No minimum balance requirements 
• Unlimited transactions 
• Free business debit card 
• Access to a free ATM network 

Cons:

• No physical branches 
• No cash deposits 

2. Novo Business Checking

Why We Like It: Novo Business Checking is a great option for freelancers and small business owners who want a free checking account with no monthly fees. It offers unlimited transactions, no minimum balance requirements, and a free business debit card. Plus, you can easily integrate it with popular accounting software like QuickBooks and Xero. 

Who Should Get It: Freelancers and small business owners who want a free checking account with easy integration with accounting software. 

Pros:

• No fees or minimum balance requirement 
• No monthly maintenance fees 
• No minimum balance requirements 
• Unlimited transactions 
• Free business debit card 
• Easy integration with accounting software 

Cons:

• No physical branches 
• No cash deposits 

3. Axos Bank Basic Business Checking

Why We Like It: Axos Bank Basic Business Checking is a great option for small businesses that want a free checking account with low transaction fees. It offers 200 free transactions per month, no monthly maintenance fees, and no minimum balance requirements. Plus, you get access to a free business debit card and online banking. 

Who Should Get It: Small businesses that want a free checking account with low transaction fees and access to online banking. 

Pros:

• No monthly maintenance fees 
• No minimum balance requirements 
• 200 free transactions per month 
• Free business debit card 
• Access to online banking 

Cons:

• $0.30 per transaction after 200 transactions 
• No physical branches 

4. Capital One Spark Business Checking

Why We Like It: Capital One Spark Business Checking is a great option for small businesses that want a free checking account with cash deposits. It offers unlimited transactions, no monthly maintenance fees, and no minimum balance requirements. Plus, you get access to over 39,000 fee-free ATMs and the ability to deposit cash at Capital One branches. 

Who Should Get It: Small businesses that want a free checking account with cash deposits and access to a large ATM network. 

Pros:

• No monthly maintenance fees 
• No minimum balance requirements 
• Unlimited transactions 
• Free business debit card 
• Access to over 39,000 fee-free ATMs 
• Cash deposits at Capital One branches 

Cons:

• No physical branches in all areas 

5. Radius Bank Tailored Checking

Why We Like It: Radius Bank Tailored Checking is a great option for small businesses that want a free checking account with cashback rewards. It offers unlimited transactions, no monthly maintenance fees, and no minimum balance requirements. Plus, you can earn 1% cashback on signature-based purchases made with your business debit card. 

Who Should Get It: Small businesses that want a free checking account with cashback rewards. 

Pros:

• No monthly maintenance fees 
• No minimum balance requirements 
• Unlimited transactions 
• Free business debit card 
• 1% cashback on signature-based purchases 

Cons:

• No physical branches 
• No cash deposits 

6. NorthOne Business Checking

Why We Like It: NorthOne Business Checking is a great option for small businesses that want a free checking account with mobile banking features. It offers unlimited transactions, no monthly maintenance fees, and no minimum balance requirements. Plus, you can easily manage your account and track expenses with the NorthOne mobile app. 

Who Should Get It: Small businesses that want a free checking account with mobile banking features. 

Pros

• No monthly maintenance fees 
• No minimum balance requirements 
• Unlimited transactions 
• Free business debit card 
• Mobile banking features 

Cons:

• No physical branches 
• No cash deposits 

7. Wise Business Checking

Why We Like It: Wise Business Checking is a great option for small businesses that need a free checking account with international money transfers. It offers unlimited transactions, no monthly maintenance fees, and no minimum balance requirements. Plus, you can easily send and receive money in multiple currencies with low fees. 

Who Should Get It: Small businesses that need a free checking account with international money transfers. 

Pros:

• No monthly maintenance fees 
• No minimum balance requirements 
• Unlimited transactions 
• Free business debit card 
• International money transfers 

Cons:

• No physical branches 
• No cash deposits 

8. Azlo Business Checking

Why We Like It: Azlo Business Checking is a great option for freelancers and small business owners who want a free checking account with no hidden fees. It offers unlimited transactions, no monthly maintenance fees, and no minimum balance requirements. Plus, you can easily send and receive money, deposit checks, and access your account through the Azlo mobile app. 

Who Should Get It: Freelancers and small business owners who want a free checking account with easy mobile access. 

Pros:

• No monthly maintenance fees 
• No minimum balance requirements 
• Unlimited transactions 
• Free business debit card 
• Mobile banking features 

Cons:

• No physical branches 
• No cash deposits 

Frequently Asked Questions 

Here are some commonly asked questions about the 8 best free business checking accounts for saving money: 

1. What are the benefits of having a free business checking account? 

A free business checking account can help you save money on monthly fees and transaction costs. It can also provide you with access to features such as online banking, mobile banking, and bill pay, which can help you manage your business finances more efficiently. Additionally, some free business checking accounts offer cashback rewards, interest-bearing accounts, and other perks that can help you save even more money.

2. What are the requirements for opening a free business checking account? 

The requirements for opening a free business checking account vary depending on the bank or financial institution you choose. Generally, you will need to provide proof of your business’s legal structure, such as your articles of incorporation or partnership agreement, as well as your business’s tax identification number (TIN). Some banks may also require additional documentation, such as a business plan, financial statements, or a business license. 

3. What fees should I look out for with free business checking accounts? 

While free business checking accounts don’t typically charge monthly fees, there are other fees you should be aware of. These may include transaction fees, overdraft fees, ATM fees, and wire transfer fees, among others. Additionally, some free business checking accounts may require you to maintain a minimum balance or meet certain transaction requirements in order to avoid fees. 

4. How can I choose the best free business checking account for my business? 

When choosing a free business checking account, there are several factors to consider, including: 

• Features and Benefits 
• Fees and costs 
• Eligibility requirements 
• Customer service and support 
• Online and mobile banking capabilities 

Consider your business’s unique needs and preferences when evaluating these factors.  

When it comes to running a business, every penny counts. That’s why finding the best free business checking accounts for saving money is crucial. After researching and comparing various options, we have compiled a list of the top 8 accounts that can help your business save money. 

Finding a free business checking account that can help you save money is an essential part of running a successful business. The accounts we have listed offer various benefits, such as no monthly fees, unlimited transactions, and ATM fee reimbursements, which can help your business thrive financially. Take the time to research and compare your options to find the account that best suits your business’s needs.