10 Best Checking Accounts for Freelancers 2022

We found the business checking accounts with the right perks, costs, and tools for freelancers.

Best overall
BlueVine
Bluevine
4.2 out of 5 stars
4.2
$0 monthly fee
  • Icon Pros  Dark
    Interest-bearing business checking
  • Icon Pros  Dark
    Online bank
Best freelancer tools
Lili logo
Lili
3.7 out of 5 stars
3.7
Starting at a
$0 monthly fee
  • Icon Pros  Dark
    Business checking with sub-accounts
  • Icon Pros  Dark
    Online bank
High interest rate
Kabbage
Kabbage
4 out of 5 stars
4.0
$0 monthly fee
  • Icon Pros  Dark
    Interest-bearing checking with sub-accounts
  • Icon Pros  Dark
    Online bank
Best personal account
N B K C Bank Logo
NBKC Bank
3.9 out of 5 stars
3.9
$0 monthly fee
  • Icon Pros  Dark
    Business & personal checking
  • Icon Pros  Dark
    Online bank
Fastest approval
Small Business Bank
Small Business Bank
3.7 out of 5 stars
3.7
$0 monthly fee
  • Icon Pros  Dark
    Business checking
  • Icon Pros  Dark
    Online bank

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

We are committed to sharing unbiased reviews. Some of the links on our site are from our partners who compensate us. Read our editorial guidelines and advertising disclosure.

As a freelancer, you may have noticed that lots of business bank accounts aren’t designed with you in mind. Many charge monthly fees that can only be waived with large account balances, and they come with lots of features you don’t need.

So what’s a budget-conscious freelancer to do? Well, it turns out there are affordable business checking accounts out there, some of which have features just for freelancers―but they probably don’t come from the banks you know.

Don’t worry though―we’ve done the research for you and rounded up the best freelancer bank accounts. For most freelancers, Bluevine’s interest-bearing checking is the best account option. Let’s look closer at it and your other best options.

Compare the best freelancer checking accounts

Brand
Min. opening deposit
Monthly fee
Free transactions per month
Open an account
$0$0Unlimited
$0Starting from $0Unlimited
$0$0Unlimited
$0$0Unlimited
$5$0Unlimited

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

How to choose a freelancer bank account

Now that you’ve seen our favorite checking accounts for freelancers, how do you actually pick a bank? We suggest you consider a few factors.

First, think about costs. As a freelancer, you already have to pay for things like self-employment taxes and business expenses. You shouldn’t waste money paying monthly fees or other pricey fees on your checking account. That’s why we stuck to banks that charge fewer fees than typical banks. Most of our picks don’t charge any monthly fees or transaction fees―so you get to keep more of your money.

Next, consider integrations. If you have business software you can’t live without, you might want to find a bank account that can integrate with it. For example, if you use a certain accounting or payment processing software (like Square or Stripe), it might be in your best interest to find a bank account that plays nicely with that software.

Then you can think about other useful features. Like if you have an accountant do your taxes each year, look for a checking account that offers accountant access so you don’t have to turn over all your passwords. Or if you want to make sure you set aside enough money for your quarterly tax payments, you might find sub-accounts helpful. Or if you want your account balance to do more for you, look at interest-bearing accounts.

Put simply, freelancer checking accounts can come with lots of useful features, so make sure you look for the features you need most.

Info
Online banks

All of our recommended banks for freelancers happen to be online banks. That’s because online banks offer free checking accounts, while physical banks usually don’t.

Bluevine: Best checking account for freelancers

Bluevine
BlueVine
Bluevine
Checking fee is
$0.00/mo.
  • Check
    Online banking only
  • Check
    Free checkbooks

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

Bluevine offers the best checking account for freelancers.

Why? Well, Bluevine has a lot going for it. It doesn’t charge most normal banking fees (such as monthly maintenance fees, transaction fees, or overdraft fees). Bluevine as a whole has great customer reviews (though there aren’t a ton of banking-specific reviews yet).

Plus, Bluevine makes it easier to deposit cash than most banks on this list. (Just find a GreenDot location near you.) And Bluevine throws in 2 free checkbooks when you open an account.

Then there’s the fact that Bluevine checking accounts earn interest. From the moment you open a Bluevine account, you’ll start earning a 1.5% interest rate on your balance (for balances up to $100,000, at least). That’s a great rate for a business bank account―especially a checking account. It’s a higher rate than most business savings accounts these days. In other words, Bluevine lets you make the most of your hard-earned money.

Put simply, a Bluevine checking account can help you get more from your freelancing funds―no extra hours or invoicing required.

Pros
Pro Bullet Interest-bearing checking
Pro Bullet Very competitive interest rate
Pro Bullet Easy cash deposits
Cons
Con Bullet Few customer service reviews (of banking service)
Con Bullet No interest on balances over $100,000

Lili: Best account tools

Lili
Lili logo
Lili
Checking fee starts at
$0.00/mo.
  • Check
    Online banking only
  • Check
    Free sub-accounts, tax tools, & cash back program

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

Lili offers a free checking account it says was designed just for freelancers. And based on its unique tools for freelancers, that seems to be true.

Lili’s free checking accounts come with standout features like free sub-accounts (so you can plan ahead for quarterly estimated tax payments). You can even specify a percentage of each account deposit to get automatically set aside for taxes. Lili also offers features like expense reports and integrations with online platforms (like Upwork, Etsy, and Shopify). 

With a paid Lili account ($4.99 a month), you can even get invoicing tools, interest-bearing savings, and a cashback debit card. Just note that Lili sets very low spending limits for your free account ($3,000 in spending and $500 in cash withdrawals a day), which may be too restricting for some freelancer spending patterns. The paid plan gets you more ($5,000 in spending), but it could still be a problem.

Even with those caveats, there’s plenty to like about Lili and its tools for self-employed people.

Pros
Pro Bullet No-fee checking
Pro Bullet Tax and emergency sub-accounts
Pro Bullet Cash deposits at retail stores
Pro Bullet (Paid) invoicing tool
Cons
Con Bullet Limited customer support
Con Bullet Low spending limits

Kabbage: High interest rate

Kabbage
Kabbage
Kabbage
Checking fee is
$0.00/mo.
  • Check
    Online banking only
  • Check
    Free sub-accounts

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

Looking for an account that lets you earn the most interest possible? Then let’s look at Kabbage.

Kabbage (like Bluevine) offers an interest-bearing checking account. So while you don’t pay any of the usual bank account fees (like a monthly fee or transaction fees), you do make money on your account balance. In fact, Kabbage offers the highest interest rate we’ve found―1.1% APY (annual percentage yield).

As an added bonus, Kabbage also has free sub-accounts, so you can set aside that tax money (or whatever other money you want to save up). That said, you should know that Kabbage has only just started offering banking services―so we don’t have a lot of reviews to go off of right now. You’re kind of a guinea pig, in other words. (But Kabbage gets consistently good reviews for its financing.)

If you’re fine with that kind of trailblazing, though, Kabbage has plenty to offer with its interest-bearing checking.

Pros
Pro Bullet No-fee online checking
Pro Bullet Interest-bearing checking accounts
Pro Bullet Nationwide availability
Cons
Con Bullet Checking accounts only
Con Bullet No interest on balances above $100,000

NBKC Bank: Best personal accounts

NBKC Bank
N B K C Bank Logo
NBKC Bank
Checking fee is
$0.00/mo.
  • Check
    Online banking only
  • Check
    Free money market savings

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

Interested in doing your personal banking and freelance business banking in the same place? Then let us recommend NBKC.

NBKC is one of the few banks on this list that offers both business and personal accounts (Axos and TIAA do too). And both of NBKC’s options are great. NBKC’s business account comes with no fees, and you can even add a free money market savings account. Its personal accounts earn interest (0.15% rate). And those personal accounts don’t come with typical banking fees either.

Now, we do have to say that NBKC doesn’t have the best reviews we’ve ever seen. But compared to big-name alternatives that offer both personal and business accounts (like Wells Fargo and Chase), NBKC’s reviews look great. Plus, its accounts are cheaper.

So if you want to keep your personal money and freelance funds at the same financial institution, NBKC is the way to go.

Pros
Pro Bullet Business and personal accounts
Pro Bullet Interest-bearing personal checking
Pro Bullet Free business money market add-on
Cons
Con Bullet Limited support hours
Con Bullet Mediocre customer reviews

Small Business Bank: Fastest account approval

Small Business Bank
Small Business Bank
Small Business Bank
Checking fee is
$0.00/mo.
  • Check
    Online banking only
  • Check
    Free high-yield savings accounts

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

If you need a freelancer bank account as quickly as possible (maybe so you don’t miss a client’s next pay cycle), then you’ll like Small Business Bank.

Small Business Bank has the fastest approval time for new accounts of the lenders on this list. Lots of online lenders can take days or even weeks to get your new account up and running. But Small Business Bank can approve your new account the same day you apply (depending on when you apply). It also has unusually long support hours for an online bank, making your chances of same-day approval even better.

And like Lili and Bluevine, Small Business Bank charges almost no banking fees, making its accounts fast and affordable. The tradeoff? Small Business Bank has a pretty outdated website and mobile app, so don’t expect the latest and greatest features from your mobile banking. (It still has all the essential banking tools.)

If that doesn’t worry you, then you can get started with Small Business Bank in no time.

Pros
Pro Bullet Same-day account approval
Pro Bullet Long customer support hours
Pro Bullet Cash deposits via Shazam ATMs
Cons
Con Bullet Outdated website and app
Con Bullet Worsening customer reviews

Honorable mentions

Not sure the banks above have exactly what you’re looking for? Maybe these honorable mentions will better fit your needs.

Compare honorable mention freelancer checking accounts

Brand
Min. opening deposit
Monthly fee
Free transactions per month
Open an account
$0Starting at $0Unlimited
$0$0Unlimited
$1,500Starting at $0200
$50$10Unlimited
$0$0Unlimited

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

Axos Bank: Best for scaling businesses

Axos Bank
Axos
Axos Bank
Checking fee starts at
$0.00/mo.
  • Check
    Online banking only
  • Check
    Unlimited ATM reimbursement

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

Got big plans for expanding your freelancing business? Axos Bank could be right for you.

Axos Bank offers a wide range of bank accounts, with plenty of options for both small and big businesses. So Axos Bank can work for you when you’re a solo freelance writer or when you’ve built a large marketing agency―though you’ll probably end up switching your bank account type somewhere along the way.

Keep in mind that Axos Bank has a larger minimum opening deposit than most of our other recommended banks (for its business interest checking account). That’s part of the reason we recommend it for growing businesses―because Axos can be a bit much for freelancers with no plans of expansion. Also, Axos Bank does charge more fees (like transaction fees) than other banks on this list.

But since Axos Bank can work for larger businesses than many banks for freelancers, it’s still the best option for scaling businesses.

Novo: Best software integrations

Novo Bank
Novo bank logo
Novo
Checking fee is
$0.00/mo.
  • Check
    Online banking only
  • Check
    Discounts for other business products

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

Novo bank accounts have lots of software integrations. It works with popular accounting software, virtual wallets, and even credit card processing software (among other things). Plus, Novo gives you discounts on things like web hosting, travel, and some software.

Between those integrations and the lack of fees in its checking accounts, there’s a lot to like about Novo. It does have some troubling negative reviews (complaining about bad customer service and unexpectedly closed accounts). But if you like the sound of its discounts and integrations, you might want to try Novo anyway.

TIAA Bank: Best ATM access

TIAA Bank
TIAA
TIAA Bank
Checking fee starts at
$0.00/mo.
  • Check
    Online banking only
  • Check
    Unlimited ATM reimbursement

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

TIAA Bank mostly stands out because of its big ATM network. Its network includes more than 80,000 ATMs. And if you can’t find an in-network ATM, TIAA will reimburse you for some or all of your out-of-network ATM fees each month (depending on your account balance). So if you plan to withdraw lots of cash, TIAA’s ATM network might be just what you need.

That said, TIAA Bank does have a high minimum opening deposit ($1,500), and you’ll probably end up paying some transaction fees. In other words, it’s not the cheapest option. Still, the convenience of TIAA’s ATM network might make up for the extra costs.

NorthOne: Best for sub-accounts

NorthOne
NorthOne
NorthOne
Checking fee is
$10.00/mo.
  • Check
    Online banking only
  • Check
    Free sub-accounts

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

NorthOne gives you free sub-accounts with your business checking account, so you can squirrel away money for self-employment taxes, an upcoming equipment purchase, or whatever else you can think of. (Think of Lili's tax accounts, but for anything you want.)

The downside? NorthOne charges an unwaivable monthly fee (but no other typical banking fees). Sure, it’s only $10―but that’s $10 you could save each month by choosing a different bank. So we mostly suggest choosing NorthOne if you prefer the user interface on the mobile app or need extended customer service hours.

QuickBooks Checking: Best for QuickBooks Users

QuickBooks Checking
Quickbooks
QuickBooks Checking
Checking fee is
$0.00/mo.
  • Check
    No checking fee with QuickBooks Online subscription
  • Check
    Online banking only
  • Check
    Free sub-accounts and cash flow tools

Data as of 06/28/22. Offers and availability may vary by location and are subject to change.

If you use QuickBooks Online for your invoicing and tax needs, you might like the new QuickBooks Checking. It earns a very competitive 1% interest rate (just a little less than Kabbage). Plus, it gives you envelopes, or sub-accounts, where you can store money for expenses. And of course, it all syncs easily with other QuickBooks products.

But while QuickBooks Checking is a “free” account (with no minimum opening deposit, monthly service fee, or transaction fees), you do need to be an existing QuickBooks Online customer to use it. That makes this account more expensive than other options on this list. But if you use QuickBooks anyway, QuickBooks Checking is worth looking at.

Your local credit union: Best for in-person banking

If you prefer in-person banking, then look at your local credit unions. Credit unions often offer low-cost business accounts, and they usually offer great customer service. Plus, you’ll get all the convenience of in-person banking, like easy cash deposits.

With the number of credit unions in the United States, we can’t possibly review them all. You’ll have to rely on your own best judgment here. But based on the trends we’ve seen at credit unions, there’s a great chance your local credit union has great freelance bank account options.

Bullhorn
Does Chime offer business accounts?

No, Chime doesn’t offer business accounts―and neither do most other free online banks that focus on personal banking. That’s why your favorite (personal) bank may not appear on this list.

Want more options? Fund your business with a personal loan.

The takeaway

Freelancer bank accounts should be affordable (if not free) and come with features that make your life as a business owner easier. We’ve rounded up banks that meet both those requirements.

Bluevine offers the best features and pricing overall, making it our favorite checking account for freelancers—but Lili offers loads of useful freelancer tools too. Kabbage lets you earn a lot of interest on your checking account funds, while Small Business Bank offers fast approval, and NBKC gives you options for personal banking too.

In other words, you have plenty of good options―especially if you check out our honorable mentions. So whether you want the ability to plan for expenses with Lili or get extra earnings with Bluevine, we think you’ll find a checking account that meets your needs.

Want a business savings account to go with your checking account? Take a look at our favorite high-yield savings accounts for business.

Related reading

Methodology

To get our list of the best checking accounts for freelancers, we looked at more than 30 different online and traditional banks. We scored and ranked banks based on factors like checking account costs, customer reviews, and extra tools and perks for freelancers.

Freelancer checking account FAQ

Do I need to have a business bank account if I’m a freelancer?

You don’t necessarily need a business bank account as a freelancer, but it certainly can’t hurt to have one. It can reduce your liability (if you operate as an LLC), increase your legitimacy, and makes things much easier when it comes to taxes (if you plan to write off expenses).

That said, freelancers can often get away with using just a personal bank account (assuming your bank doesn’t mind, of course).

But when in doubt, we recommend getting a business bank account―especially since most of our recommended freelancer bank accounts won’t cost you anything.

Can I open more than one bank account?

Yes, you can definitely open more than one business bank account. You can have a personal bank account and a business bank account, for example. You can opt to open more than one business bank account (like one account for normal expenses and a separate bank account for taxes).

Just make sure you use good bookkeeping practices to keep track of your finances.

Can I get a free freelancer checking account?

Yes, you can get a free freelancer bank account. In fact, many of our recommended freelancer checking accounts also appear on our rankings of the best free business checking accounts.

Will I get a debit card with my freelancer bank account?

Yep, pretty much every bank gives you a debit card when you open a checking account.

Can I get a credit card for my freelancing business?

You may be able to qualify for a business credit card as a freelancer.

We should note that our recommended banks don’t offer business credit cards. That’s not a problem though―you don’t have to get a credit card from the same place that you do most of your business banking.

Disclaimer

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

Chloe Goodshore
Written by
Chloe Goodshore
Chloe covers business financing and loans for Business.org. She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.
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