Top 10 Business Checking Accounts to Boost Your Funds in January 2025!
Finding the perfect checking account for your business is more than just numbers; it’s about aligning with your financial goals and operational needs. Consider factors like your typical account balance, whether you want your funds to earn interest, and the volume of monthly transactions you’ll be handling. The right choice can make all the difference!
To simplify your decision-making process, our team has meticulously reviewed over 35 business checking accounts from a diverse array of banks, credit unions, and fintech companies, crafting a curated list of the top 10 options just for you. Check out our full selection methodology here.
The Top 10 Business Checking Accounts of January 2025
All minimum opening deposits, APYs, and fees are current as of November 22, 2024, and are subject to change.
Best Comprehensive Platform: Lili
Lili redefines banking for small business owners—while it’s technically a fintech, its banking services are powered by Choice Financial Group, Member FDIC. Offering a unified suite of checking, savings, and accounting services, Lili is the go-to choice for the modern entrepreneur.
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Lili
| Minimum opening deposit: | $0 |
| Monthly service fee: | $15 |
| Overdraft fee: | $0 |
| Free transaction limit: | Unlimited |
| APY: | 0% |
Why We Chose It
The Lili Pro Business Checking account shines with unlimited transactions, cash back on purchases, and a monthly fee of just $15. Enjoy free ATM withdrawals at over 38,000 locations, early payment access, and fee-free overdraft coverage up to $200. Plus, the Lili Pro subscription includes a high-yield savings account with an impressive 4.15% APY and expense management tools to keep your finances in check.
Lili also offers various plans: the free Lili Basic plan for everyday transactions, the Lili Smart plan for $35/month, which includes accounting and tax prep services, and Lili Premium for $55/month, which features priority support and a dedicated account specialist.
Explore More: Check out our Lili review.
Best for High APY: Grasshopper Bank
Established in 2019, Grasshopper Bank specializes in online-only banking solutions for small businesses, offering a range of products including checking accounts, money market options, and loans.
Grasshopper Bank: Innovator Business Checking Account
| Minimum opening deposit: | $100 |
| Monthly service fee: | $10 |
| Overdraft fee: | $0 |
| Free transaction limit: | Unlimited |
| APY: | Up to 1.80% |
Why We Chose It
The Grasshopper Innovator Business Checking Account stands out with the highest APY in our review, making it an excellent choice for businesses wanting to earn interest on their deposits. Enjoy unlimited transactions, no overdraft fees, and a Visa debit card that offers 1% cash back on online purchases, all while seamlessly integrating with QuickBooks.
Explore More: Check out our Grasshopper Bank review.
Best for Simple Banking: Financial Resources Credit Union
With over 100 years of service and a membership base exceeding 20,000 across the U.S., Financial Resources Credit Union stands as a pillar in community banking. Membership can be as straightforward as joining the American Consumer Council for a lifetime fee of $15.
Financial Resources Credit Union
| Minimum opening deposit: | $25 |
| Monthly service fee: | $0 |
| Overdraft fee: | $30 |
| Free transaction limit: | Unlimited |
| APY: | 0% |
Why We Chose It
While it may not offer the digital tools and perks of some competitors, the Financial Resources Credit Union provides unlimited free transactions, no monthly fees, and a very low opening deposit. For those who appreciate the personal touch of credit union banking, this account could be precisely what you’re looking for!
Explore More: Read our Financial Resources Credit Union review.
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