Card & Bank Suggestions / Business Checking Accounts
Business Checking

Business checking account suggestions

Four accounts small-business owners keep asking us about, compared on fees, minimums, and what actually makes each one different. All figures below are pulled from each provider's own site.

These are suggestions, not financial advice. MidPay is not affiliated with, endorsed by, or partnered with any bank named below. Confirm current rates and terms on the provider's own site before opening an account.

How they compare

No monthly fee Bluevine Business Checking Best for earning yield on an operating balance
Monthly fee$0
InterestUp to 1.30% APY on the Standard plan when monthly activity requirements are met
Minimum balanceNone
NotableHigher-tier Plus and Premier plans pay 1.75% and 3.0% APY respectively
Visit Bluevine β†’
No monthly fee Mercury Best for startups that want banking + software in one dashboard
Monthly fee$0
Minimum balance / depositNone
FeesNo transaction, overdraft, or domestic/international USD wire fees
FDIC insuranceVia partner banks Choice Financial Group and Evolve Bank & Trust, Members FDIC
Visit Mercury β†’
No monthly fee Novo Business Checking Best for freelancers and solo operators who invoice clients
Monthly fee$0, no minimum balance
ATM feesThird-party ATM surcharges refunded, up to $7/month
Built-in toolsInvoicing, plus integrations with Stripe, QuickBooks, Shopify, and Xero
NoteNo cash deposits supported
Visit Novo β†’
Branch banking Chase Business Complete Banking Best for businesses that want in-person branch and ATM access
Monthly fee$15, waivable
Waiver options$2,000 average daily balance, $2,000 in Chase Ink Business Card spend, $2,000 in Chase QuickAccept deposits, or a linked Chase Private Client Checking account
NotableFull nationwide branch and ATM network
Visit Chase β†’

Note: Rates, fees, and waiver terms change without notice and can vary by state. The figures above reflect what each provider published on its own site as of this writing β€” always confirm current terms directly with the bank before opening an account.

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