Small Business Bank is our favorite online bank for business, thanks to its free checking accounts and super competitive savings accounts.
You can get your free business checking account from Small Business Bank (with no monthly fee or transaction fees) with an opening deposit of just $5. And unlike some other online banks, Small Business Bank lets you use checks and deposit cash (through Shazam ATMs).
In addition to a debit card for your checking account, you may also qualify for a Small Business Bank charge card (like a business credit card that you pay off in full each month).
And all that’s great, but Small Business Bank really stands out when you look at its savings accounts. Small Business Bank offers a money market account and a high-yield savings account. Both have low monthly fees. More importantly, they have great, high interest rates―the best we’ve seen on business accounts―so you can earn more from your account balance.
So while Small Business Bank may not have the most modern website or feature-rich app, it excels at what matters: banking. Its affordable, high-value accounts make it a versatile online bank for business―and our top pick for most businesses.