Online only business checking account -
Business Checking Accounts
Business Solutions
Enjoy the convenience and security of using merchant services, along with essential cash management tools available for enrollment directly through your Regions Online Banking account – keeping your business one step ahead.
Community Involvement
We believe in giving back to our communities by supporting local organizations and donating our time and talents. We even give associates a paid day off each year to volunteer with a cause of their choice.
Convenience
Bank when, where and how you want with Mobile and Online Business Banking solutions such as Bill Pay, Online Statements, Online Funds Transfer and Quicken/Quickbooks Access.
Flexibility
Choose from among a variety of checking, savings, credit and loan products and services that are specially designed to help you manage your day-to-day operations so you can concentrate on what you do best.
Insights
Visit Business Insights by Regions to take advantage of tools, tips and calculators that help you manage your business, monitor cash flow, provide information on financing options and track your spending.
Personal Service
With award-winning customer service through a branch, online, over the phone, on Facebook or Twitter, or even at an ATM, we strive to make each experience a satisfying one.
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Features:
- No monthly service fee
- Two signers
Best For:
- New businesses
- Limited cash flow activity
APY2
0.01%Features:
- Monthly service fee of $8
- Unlimited signers
Best For:
- Growing businesses
- Multiple owners
- Steady banking activity
APY
0.01%Features:
- Monthly service fee of $0 or $203
- Unlimited signers
Best For:
- Mature businesses
- Large transaction volumes
- Higher deposit balances
- Multiple owners
| $0-$9,999: | 0.35% |
|---|---|
| $10,000-$24,999: | 0.40% |
| $25,000 & over: | 0.45% |
The GO BIZ Debit Card is designed to help keep your business moving forward.
- Contactless, tap-to-pay technology
- A Zero Liability policy for unauthorized transactions
- Visa® Travel Accident Insurance
about Navy Federal's commercial real estate loan offeri
Features:
- No term restrictions
- Competitive rates
- Minimum of $2,500 balance to earn dividends
- Earns more than a standard savings account without term restrictions
Best For:
- Businesses looking for higher earnings than a standard savings account
Jumbo dividend rate earned on balances of $100,000 or more
Features:
- No term restrictions
- Competitive rates
- Minimum of $100,000 balance to earn jumbo dividend rate
Best For:
- Businesses with the ability to maintain higher balances on deposit
- Businesses interested in earning a jumbo dividend rate
Higher dividends earned through longer maturities
Features:
- Minimum purchases as low as $100
- No maximum purchase amount (excluding special promotions and offers)
- 3-month to 7-year terms available
Best For:
- Businesses prioritizing earning the highest dividend rate without needing flexible access to savings
Join Today and become a Business Solutions member
If you’re already a business member, follow these easy steps:
Non-electronic transactions are defined as checks processed and in-branch transfers, deposits and withdrawals. Up to 12 checks for deposit at a branch will count as one transaction.
↵Rates on variable rate accounts could change after account opening. Fees may reduce earnings. Offering rates may change.
↵Monthly service fee waived if average daily balance is $5,000 or more. Otherwise, a $20 monthly service fee will apply.
↵Maintain a minimum daily balance of $1,500 to earn dividends.
↵How To Open A Business Bank Account Online: The 5 Best Options
In the same way that technology has changed the way we book a flight, hail a cab (or Uber), order takeout, or even buy a car, technology is changing the way we interact with the bank. For example, my mortgage payment is automatically deducted from my paycheck every month and my paycheck is even automatically deposited into my personal bank account. In reality, there are very few banking services I use on a regular basis that require me to go inside a bank. Even if I need cash or happen to need to deposit checks, I can do that through an ATM.
In much the same way, many small businesses are finding they don’t need to go into their bank’s physical location either. And many other business owners are finding they can do all of their business banking online with a bank that doesn’t even have a physical branch.
Benefits of a Business Bank Account
As a small business owner or startup founder, you need a business checking account. Wondering why you shouldn’t just use your personal checking account for business expenses? Here’s why having a separate business account is imperative:
- It will make accounting a lot easier and give you greater visibility into whether or not your business is profitable
- It will help you better manage your business cash flow
- It will make it easier to account for business expenses at tax time
- It will make the transition to an LLC or corporation much easier should you decide to formalize your business entity down the road
If you anticipate the need to take out a loan, there are many small business lenders like the SBA that won’t even consider your loan application unless you have a business banking account, making it much harder to find small business loans to fuel growth or otherwise fund business initiatives.
In other words, a business checking account just makes sense for most small businesses.
Today, you can find a variety of business checking accounts that are fee-free, or that offer a certain number of free transactions before fees kick in. Some offer perks like cash back or discounts on business products.
The tools your growing business needs
Running a business is tough, but there are plenty of services that make it easier. From bookkeeping to payroll to credit help — get the services you need to thrive.
Top 5 Options to Open a Business Checking Account Online
If you’re considering an online business checking account, these five options are all worth considering:
- BlueVine
- OZK
- Bank of America
- Axos
- Chase
1. BlueVine: Best for Earning 1% Interest; No-Fee Account
If you’d like to earn interest on your business checking account, BlueVine’s Business Checking account could be a good choice. What’s more, this is a free checking account, a rarity in the industry.
- No minimum deposit or balance requirements
- No monthly service fees
- No ATM fees at 38,000+ MoneyPass® locations across the country (You may be charged out-of-network ATM fees, even if you don’t complete the transaction)
- No fees for non-sufficient funds
- Two free checkbooks
- Easy mobile app
Earning 1% interest on BlueVine’s Business Checking Account is 10X the national average for similar accounts (.1% is the national average), putting them on the top of our list of interest-earning business checking accounts with no fees.
2. OZK: Best Overdraft Protection
Bank OZK offers many of the same services that other banks offer, but also includes common-sense overdraft protection they call Bounce Proof Security which will, if you maintain a positive account balance for at least 30 days on a new account, cover any overdrafts up to your limit, with a maximum overdraft of $500 (there’s a $35 fee for every overdraft regardless of whether it’s caused by a check, an in-person withdrawal, or electronic transaction).
In addition to Bounce Proof Security, you can opt for Safety Link, which automatically transfers funds from a linked checking or savings account for a $10 fee per transfer. Here are additional features.
- Remote deposit capture
- Online banking (a $5 monthly fee applies to some accounts)
- Online bill pay (fees may apply on some account types)
- eStatements
- Instant issue business debit card
- Mobile banking (for mobile banking, carrier rates will apply)
- Merchant processing
- Check image statements
If you’re looking for great overdraft protection, Bank OZK is our choice for online checking accounts. The bank also offers business savings and money market accounts.
3. Bank of America: Best Long-Term Banking Services
Bank of America is one of those brick-and-mortar banks that also offers a lot of online banking services. If yours is a relatively young business and you are looking for a bank that can grow with your business as it grows, you should consider Bank of America. With accounts that are designed to meet a variety of small business banking needs, you’ll likely find an account that fits.
What’s more, you can earn $100 when you open a new account and make qualifying deposits equaling $1,000 in the first 60 days of your new account. You can earn an additional $50 when you pay at least two bills through bill pay within your first 60 days and an additional $300 statement credit if you are approved for and open a new Bank of America business credit card and make at least $3,000 in purchases with the card within the first 90 days of card account opening.
- Get employee business credit cards
- Online banking and mobile app
- Grant customized access to multiple users—plus seamless QuickBooks® integration with Account Management
- Deposit unlimited checks with Remote Deposit Online
- Other services available, including merchant services
4. Axos: Best Free Business Checking Account
Axos Bank has gotten rave reviews online. We agree.
Axos designed its Basic Business Checking account with small business owners in mind. Open a 100% online account and enjoy unlimited domestic ATM fee reimbursements, no monthly maintenance fees, and no minimum balance requirements. Earn a $100 bonus when you open a Basic Business Checking account—and maintain a minimum average balance of $5,000 for at least 90 days after account opening.
- No monthly maintenance fees
- No minimum account balance requirement
- Your first 50 checks are free
- Unlimited domestic ATM fee reimbursement
- $1,000 minimum opening deposit
Axos prides itself on its simple, convenient, no-fuss approach to a free small business checking account.
5. Chase: Best If You Occasionally Need to Go to a Branch
Chase Bank is another brick-and-mortar bank with branches all across the country for those times when you do need to visit the inside of a bank since there are nearly 4,900 branches and 16,000 ATMs across the country. Chase has business specialists at your local branch for those times when you need to sit down and have a person-to-person conversation with a banker. You’ll get $300 as a new Chase business checking customer when you open a Chase Total Business Checking® account with qualifying activities.
- 250 transactions per month at no charge, plus unlimited electronic deposits and incoming wires
- $20,000 monthly cash deposit without an additional fee
- All incoming wires and two outgoing domestic wires at no charge per statement cycle
- Options for signers and employees to access ATMs and make purchases
- No additional charge for Positive Pay and Reverse Positive Pay Protection services
- Interest option available — see your banker for more information
- Personal account benefits available
- Monthly service fee waived on a linked Chase Business Premier Savings account
- Access to 16,000 ATMs and nearly 4,900 branches
- 24/7 customer service
Chase allows you to have your digital cake and eat it too with a convenient online checking account and other banking services, along with the option to visit Chase Bank branches all across the country.
Check out Business Boost
Get your full business credit reports & scores, PLUS Nav reports your account payments to the business bureaus as a tradeline.
What Do You Need to Open a Checking Account Online?
As a general rule, you’ll need the following documents to open a business checking account with most online or brick-and-mortar banks:
- Your Social Security Number or Employer Identification Number (EIN)
- A current driver’s license or passport as personal identification
- Your business license with the name of the business and the owner’s or owners’ names
- Certificate of assumed name (DBA) if you are a sole proprietor
- Partnership agreement with the name of the business and its partners (if there are multiple owners)
- A copy of your organization documents that are filed with the state if you run a corporation or LLC
How to Open a Business Bank Account Online
Some banks that have physical branches may require you to apply in person locally, while others give you the option to open an account online. Obviously, banks that are 100% online give you that option as well!
Opening an account is usually fast and easy. You’ll be asked to input personal details (contact info, date of birth, address, Social Security number) and details about your business (your business structure, address, industry, how long you’ve been in business, annual revenue, number of employees).
Select the type of account you want. You may be required to fund it to open an account, as there may be a minimum daily balance requirement. Your application may be approved instantly, allowing you to access your account online right away, though you’ll have to wait around 10 business days to get your debit card and checks.
What to Consider When Choosing a Bank for Your Business Account
Don’t automatically choose to open a business checking account where the same bank you have your personal account without determining whether or not it is the best bank for your business needs.
Some banks specialize in certain types of businesses or industries. This could also apply to an online bank. If a bank has experience in your industry or similar small businesses, they may even offer additional services or custom offerings designed to benefit you and other businesses like yours.
Before you choose an online bank for your business, make sure you know:
- If there are monthly account fees and if there are requirements to have those fees waived
- If your checking account will earn interest and what the expected interest rate may be
- Whether there are transaction fees for writing checks, accepting credit cards, etc.
- If there are any introductory offers
You want to make sure the online bank offers services to meet your needs. For example, if you accept a lot of cash transactions, is there a way to make cash deposits? Are there branch locations in your area? If not and you feel you need a local branch, it may not be the bank best suited for the way you do business.
Why You Should Open a Business Checking Account Online
Although most banks have some kind of digital presence, online banking services are relatively new. In other words, just because your neighborhood bank has a website, it doesn’t mean it offers all its banking services online.
Online banks are capable of offering most of the banking services you’ll find at the bank branch around the corner, without the expense of a physical location, or locations. As a result, there are some pretty compelling benefits most small business owners might appreciate.
- Your business savings account will earn higher interest rates—sometimes as much as 1%; significantly higher than a conventional bank
- An online bank’s lower overhead means you pay less in fees than a conventional bank
- It’s easier to establish an online bank account with applications that are designed to be completed quickly and easily
- Online bank accounts can connect seamlessly to payment processing accounts and other digital banking services
- Most online banks are FDIC-insured like a brick-and-mortar bank
Nevertheless, if you make a lot of cash deposits, write a lot of checks, or want ATM access anywhere and everywhere, an online bank might not be the best choice for you. With that being said, if you do the lion’s share of your business digitally already, an online bank account may be just up your alley.
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Do you need more money? Sign up for Nav to see what options are available for your business.
Online Business Account FAQ
Now let’s address questions you may have about online business bank accounts.
Can I Open a Business Checking Account Online?
Typically, yes, there are many options for establishing a business checking account online, including the five options listed in this article. However, some physical banks may require you to open an account at a local branch.
How Much is it to Open a Business Checking Account?
Typically, the only cost associated with opening an online business checking account is the minimum opening deposit amount. Some online banks will assess transaction fees for some accounts, but there shouldn’t be a fee associated with opening the account.
Can I Use a Personal Bank Account for my Small Business?
This may work when you’re running a new business, but ultimately, you’ll want to open a separate account to make it easier to track business income and expenses.
Can I Pay Personal Expenses from my Online Business Bank Account?
There’s no law saying you can’t do this, however, it may make filing your business taxes more challenging, as you will have to parse out your business expenses from personal.
Which is the Easiest Bank to Open a Business Bank Account With?
Most online applications are pretty straightforward to open an account, but some online banks may want you to speak with an account manager before they approve your account. You should also expect that your account won’t be open immediately and will likely take several days to activate once opened.
Do You Need an EIN to Open a Business Bank Account?
An Employer Identification Number, or EIN, though not always required in every case, is a good idea. A sole proprietor or solopreneur, who doesn’t have any employees, will likely not need an EIN, but if you operate as an LLC or corporation, it will be a requirement to create your business identity.
Do You Need Money to Open an Online Business Bank Account?
Yes. Each bank will have its own minimum required deposit when you open an account.
Do I need an LLC for a business bank account?
Not necessarily. Most banks will allow you to open a business account whether you run a sole proprietorship, partnership, LLC, or corporation.
This article was originally written on October 8, 2020 and updated on August 9, 2021.
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Susan Guillory
Susan Guillory is a Senior Content Writer for Nav. She’s written books on business and travel, and blogs about small business on sites including Forbes and AllBusiness.
TD Small Business Checking
TD Business Premier CheckingSM
The business checking account that rewards your TD Bank relationship
With the most perks of any TD small business checking account — discounts on services, free unlimited money orders and official checks, and more
No monthly fee for up to 3 additional accounts including TD Small Business Money Market Plus and up to 2 TD Business Simple Checking accounts 1
No TD fees at non-TD ATMs2.
TD Business Convenience Checking Plus
All the essential account features you need to run your business
Waive the monthly fee with a $1,500 minimum daily balance between this account and a TD personal checking account3,4
Send money where it needs to go with ACH, Bill Pay5 and Wire Transfers
Pay with confidence with the TD Visa Business Debit Card and continuous fraud monitoring
TD Business Simple CheckingSM
A business checking account with built-in, professional invoicing
Send free professional invoices that customers can pay online6
Accept online credit card and ACH payments for a low per-transaction fee6
Low $10 monthly fee—no minimum daily balance required
Add another account to compare
Add another account to compare
Add another account to compare
What you get with a TD Small Business Checking account
- Longer store hours
Enjoy the convenience of over 1,100 TD Bank locations with longer hours, including weekends7 - Online Banking with access to accounts and payments
Online Banking and Mobile Banking with Mobile Deposit8 plus payment options including ACH, Bill Pay5 and Wire Transfers. Set up sub-users and permissions to tailor your account to your business needs - Local personalized support
Connect with a Small Business specialist to help customize services and solutions for your business - Instant issue debit card
Lost or worn card? Stop by a TD Bank near you and get a new business debit card on the spot
- 24/7 Live Customer Service
Call 1-888-751-90001-888-751-9000 and press 0 to talk to a real person 24/7. Get account info, answers to questions about our products and services, open an account and more - Merchant Solutions
Get your funds faster with next-business-day funding to a TD Checking account. And, waive the monthly fee for TD Business Premier Checking accounts.9 Accept any type of payment, even contactless from anywhere. Track sales, identify trends, report on customer segments, spending patterns and more - TD Online Accounting6
Your banking and accounting all in one place. Send online invoices, accept credit card payments and access reporting from within TD Online Banking
Interest on Lawyers Trust Accounts (IOLTA/IOLA)
Law firms can use IOLTA accounts to place client funds into a pooled account that earns interest used to benefit public service programs approved by the state bar.
Still deciding on an account?
Our account selector can help you choose the right account.
More TD small business solutions
Merchant Solutions
Easily accept payments and receive your funds faster with next-business-day funding to a TD Business Checking account2
Find out more
Get more from your checking account
Explore the benefits of your checking account along with other services to help grow your business
Find out more
TD Online Accounting
Send online invoices, accept credit cards, streamline accounting and track everything all in one place
Get details
Get ready to open your business account
Be prepared with the info and documents you'll need to open a deposit account or apply for a loan or line of credit
Find out more
View account guide for more details: TD Business Simple Checking, TD Business Convenience Checking Plus, TD Business Premier Checking and TD Business Interest Checking Plus.
1Refer to the Business Deposit Account Agreement for details.
2For non-TD Bank, N.A. ATM transactions, the institution that owns the terminal (or the network) may assess a surcharge at the time of your transaction, including balance inquiries.
3Non-profit customers are eligible for waiver of the monthly maintenance fee.
4TD Business Convenience Checking Plus combined balances includes balances from the TD Business Convenience Checking Plus account and one TD personal checking product. The following personal checking products are excluded: Health Savings Accounts and TD Simply Free Checking. Please see your Business Deposit Account Agreement for more details.
5Bill Pay payments are free with up to a 3-day turnaround time. A rush same-day payment feature is available for a fee. Please consult your Business Account Agreement for details.
6TD Online Accounting is powered by Autobooks. Neither TD Bank, N.A., nor any of its subsidiaries or affiliates, is affiliated with Autobooks, Inc (Autobooks). The accounting services referenced herein are provided exclusively by Autobooks and are subject to customer’s agreement to Autobooks’ terms of use. Certain restrictions and fees apply. TD Bank may be entitled to receive fees from Autobooks for customer’s use of accounting services. Use of accounting services from any provider, including Autobooks, is solely at the customer’s election. Autobooks may have a different Privacy and Security policy than TD Bank, N.A. You should review the Privacy and Security policies of the Autobooks website before you provide personal or confidential information. Restrictions may apply for 1-2 day funding availability service. TD Business Simple Checking customers enrolling in Invoicing only, will pay no monthly service fee. Customers with multiple business checking accounts are only eligible for the Invoicing only monthly service fee waiver if all checking accounts are TD Business Simple Checking products. All other business checking product types will pay a $10 monthly service fee for TD Online Accounting.
7Data as of March 2018. Comparison of longest average store hours in the regions (MSAs) in which TD Bank operates compared to major banks. Major banks include our top 20 national competitors by MSA, our top five competitors in store share by MSA and any bank with greater or equal store share than TD Bank in the MSA. Major banks do not include banks that operate in retail stores such as grocery stores, or banks that do not fall in an MSA.
8The TD Bank Mobile App is free to download, however, standard wireless carrier message and data rates may apply. Text "Stop" to quit or "Help" for more information. TD Bank Mobile Deposit is available to business customers with an active checking, savings or money market account. Available for most iPhone® and Android™ devices. Other restrictions may apply. Please refer to the Mobile Deposit Addendum.
9Fees may apply for optional services. For merchants with a TD Bank settlement account and TD Bank’s standard payment processing setup, funds will be available in the settlement account by 2 PM ET on the next business day. Availability may vary based on merchant-selected payment processing gateway and other chosen services, including but not limited to, the use of non-TD Bank settlement account. Additional restrictions apply. Please consult your Business Account Agreement for details. See the TD Bank, N.A. Member Merchant Agreement for Applicable Merchant Processing Fees and Assessments. Subject to credit approval. Visit https://www.tdbank.com/merchantsolutionsoffer/ for promotion details.
View account guide for more details: TD Business Simple Checking, TD Business Convenience Checking Plus, TD Business Premier Checking and TD Business Interest Checking Plus.
1Refer to the Business Deposit Account Agreement for details.
2For non-TD Bank, N.A. ATM transactions, the institution that owns the terminal (or the network) may assess a surcharge at the time of your transaction, including balance inquiries.
3TD Business Convenience Checking Plus combined balances includes balances from the TD Business Convenience Checking Plus account and one TD personal checking product. The following personal checking products are excluded: Health Savings Accounts and TD Simply Free Checking. Please see your Business Deposit Account Agreement for more details.
4Non-profit customers are eligible for waiver of the monthly maintenance fee.
5Business Convenience Checking in-store cash deposits up to $5,000 per statement cycle and $0.25 per $100 deposited thereafter.
6Business Simple Checking in-store cash deposits up to $5,000 per statement cycle and $0.25 per $100 deposited thereafter.
7Data as of March 2018. Comparison of longest average store hours in the regions (MSAs) in which TD Bank operates compared to major banks. Major banks include our top 20 national competitors by MSA, our top five competitors in store share by MSA and any bank with greater or equal store share than TD Bank in the MSA. Major banks do not include banks that operate in retail stores such as grocery stores, or banks that do not fall in an MSA.
8The TD Bank Mobile App is free to download, however, standard wireless carrier message and data rates may apply. Text "Stop" to quit or "Help" for more information. TD Bank Mobile Deposit is available to business customers with an active checking, savings or money market account. Available for most iPhone® and Android™ devices. Other restrictions may apply. Please refer to the Mobile Deposit Addendum.
9Fees may apply for optional services. For merchants with a TD Bank settlement account and TD Bank’s standard payment processing setup, funds will be available in the settlement account by 2 PM ET on the next business day. Availability may vary based on merchant-selected payment processing gateway and other chosen services, including but not limited to, the use of non-TD Bank settlement account. Additional restrictions apply. Please consult your Business Account Agreement for details. See the TD Bank, N.A. Member Merchant Agreement for Applicable Merchant Processing Fees and Assessments. Subject to credit approval. Visit https://www.tdbank.com/merchantsolutionsoffer/ for promotion details.
Business Checking Accounts
One Size Does NOT Fit All
Our no-fee commercial and business checking account options make it easy to find exactly what works for you, no matter the size and scope of your business.
Your Success Is Our Success
Whether you operate a small business with only a few employees or a larger one with many more, MAX can help simplify and streamline your business banking. At MAX, you can earn dividends and help your business save money with a business checking account from MAX.
Aspire Business Checking Account
Smart & Streamlined. At MAX, we know you have worked hard to build your business and fulfill your goals. That’s why we developed the Aspire Business account. It has great features and benefits, making it everything you need to make banking smart and simple. Aspire saves you time and money so you can focus on your business.
Features of the Aspire Business Checking Account include:
- NO monthly checking account fee
- FREE first order of standard checks with a minimum opening balance of $5,000 or a minimum combined deposit balance of $10,000 (you may opt to receive a credit toward custom checks)
- 350 FREE processed items per month, with a minimal $0.20 fee per additional processed item over 350
- Minimum opening balance of only $100
- FREE MAX Online & Mobile Business Banking Services
aspire+ Business Checking Account
Smart & Successful. They go hand-in-hand. AspirePlus is everything you need to take care of business, AND it even pays you. That’s pretty smart business sense, right? AspirePlus is smart and successful… just like you. More features of the Aspire+ Business Checking Account include:
- FREE first order of standard checks with a minimum opening balance of $5,000 or a minimum combined deposit balance of $10,000 (you may opt to receive a credit toward custom checks).
- 350 FREE processed items with a low $0.20 fee per additional processed item over 350
- Minimum opening balance of only $100
- FREE MAX Online & Mobile Business Banking Services
MAX Credit Union Business Banking at a Glance:
| Aspire+ Business Checking Account | Aspire Business Checking Account | |
|---|---|---|
| Minimum to Open | $100 | $100 |
| Monthly Fee | $10 | None |
| Minimum to Waive Monthly Fee | $5,000 | N/A |
| Earns Dividends | Yes | N/A |
| # of Free Items per Month | 350 | 350 |
| Fee per Additional Item | $0.20 | $0.20 |
Committed To Your Business
To learn more, or to open your Aspire or Aspire+ business account, contact a MAX business banking services professional in our Business Services Department by email at [email protected] or phone at 334.215.4943 or 1.800.776.6776 ext. 4943, Monday - Friday, 8:30 a.m. - 5:00 p.m. CST.
DisclosuresSee our Current Rates.
TD Small Business Checking
TD Business Premier CheckingSM
The business checking account that rewards your TD Bank relationship
With the most perks of any TD small business checking account — discounts on services, free unlimited money orders and official checks, and more
No monthly fee for up to 3 additional accounts including TD Small Business Money Market Plus and up to 2 TD Business Simple Checking accounts 1
No TD fees at non-TD ATMs2.
TD Business Convenience Checking Plus
All the essential account features you need to run your business
Waive the monthly fee with a $1,500 minimum daily balance between this account and a TD personal checking account3,4
Send money where it needs to go with ACH, Bill Pay5 and Wire Transfers
Pay with confidence with the TD Visa Business Debit Card and continuous fraud monitoring
TD Business Simple CheckingSM
A business checking account with built-in, professional invoicing
Send free professional invoices that customers can pay online6
Accept online credit card and ACH payments for online only business checking account low per-transaction fee6
Low $10 monthly fee—no minimum daily balance required
Add another account to compare
Add another account to compare
Add another account to compare
What you get with a TD Small Business Checking account
- Longer store hours
Enjoy the convenience of over 1,100 TD Bank locations with longer hours, including weekends7 - Online Banking with access to accounts and payments
Online Banking and Mobile Banking with Mobile Deposit8 plus payment options including ACH, Bill Pay5 and Wire Transfers. Set up sub-users and permissions to tailor your account to your business needs - Local personalized support
Connect with a Small Business specialist to help customize services and solutions for your business - Instant issue debit card
Lost or worn card? Stop by a TD Bank near you and get a new business debit card on the spot
- 24/7 Live Customer Service
Call 1-888-751-90001-888-751-9000 and press 0 to talk to a real person 24/7. Get account info, answers to questions about our products and services, open an account and more - Merchant Solutions
Get your funds faster with next-business-day funding to a TD Checking account. And, waive the monthly fee for TD Business Premier Checking accounts.9 Accept any type of payment, even contactless from anywhere. Track sales, identify trends, report on customer segments, spending patterns and more - TD Online Accounting6
Your banking and accounting all in one place. Send online invoices, accept credit card payments and access reporting from within TD Online Banking
Interest on Lawyers Trust Accounts (IOLTA/IOLA)
Law firms can use IOLTA accounts to place client funds into a pooled account that earns interest used to benefit public service programs approved by the state bar.
Still deciding on online only business checking account account?
Our account selector can help you choose the right account.
More TD small business solutions
Merchant Solutions
Easily accept payments and receive your funds faster with next-business-day funding to a TD Business Checking account2
Find out more
Get more from your checking account
Explore the benefits of your checking account along with other services to help grow your business
Find out more
TD Online Accounting
Send online invoices, accept credit cards, streamline accounting and track everything all in one place
Get details
Get ready to open your business account
Be prepared with the info and documents you'll need to open a deposit account or apply for a loan or line of credit
Find out more
View account guide for more details: TD Business Simple Checking, TD Business Convenience Checking Plus, TD Business Premier Checking and TD Business Interest Checking Plus.
1Refer to the Business Deposit Account Agreement for details.
2For non-TD Bank, N.A. ATM transactions, the institution that owns the terminal (or the network) may assess a surcharge at the time of your transaction, including balance inquiries.
3Non-profit customers are eligible for waiver of the monthly maintenance fee.
4TD Business Convenience Checking Plus combined balances includes balances from the TD Business Convenience Checking Plus account and one TD personal checking product. The following personal checking products are excluded: Health Savings Accounts and TD Simply Free Checking. Please see your Business Deposit Account Agreement for more details.
5Bill Pay payments are free with up to a 3-day turnaround time. A rush same-day payment feature is available for a fee. Please consult your Business Account Agreement for details.
6TD Online Accounting is powered by Autobooks. Neither TD Bank, N.A., nor any of its subsidiaries or affiliates, is affiliated with Autobooks, Inc (Autobooks). The accounting services referenced herein are provided exclusively by Autobooks and are subject to customer’s agreement to Autobooks’ terms of use. Certain restrictions and fees apply. TD Bank may be entitled to receive fees from Autobooks for customer’s use of accounting services. Use of accounting services from any provider, including Autobooks, is solely at the customer’s election. Autobooks may have a different Privacy and Security policy than TD Bank, N.A. You should review the Privacy and Security policies of the Autobooks website before you provide personal or confidential information. Restrictions may apply for 1-2 day funding availability service. TD Business Simple Checking customers enrolling in Invoicing only, will pay no monthly service fee. Customers with multiple business checking accounts are only eligible for the Invoicing only monthly service fee waiver if all checking accounts are TD Business Simple Checking products. All other business checking product types will pay a $10 monthly service fee for TD Online Accounting.
7Data as of March 2018. Comparison of longest average store hours in the regions (MSAs) in which TD Bank operates compared to major banks. Major banks include our top 20 national competitors by MSA, our top five competitors in store share by MSA and any bank with greater or equal store share than TD Bank in the MSA. Major banks do not include banks that operate in retail stores such as grocery stores, or banks that do not fall in an MSA.
8The TD Bank Mobile App is free to download, however, standard wireless carrier message and data rates may apply. Text "Stop" to quit or "Help" for more information. TD Bank Mobile Deposit is available to business customers with an active checking, savings or money market account. Available for most iPhone® and Android™ devices. Other restrictions may apply. Please refer to the Mobile Deposit Addendum.
9Fees may apply for optional services. For merchants with a TD Bank settlement account and TD Bank’s standard payment processing setup, funds will be available in the settlement account by 2 PM ET on the next business day. Availability may vary based on merchant-selected payment processing gateway and other chosen services, including but not limited to, the use of non-TD Bank settlement account. Additional restrictions apply. Please consult your Business Account Agreement for details. See the TD Bank, N.A. Member Merchant Agreement for Applicable Merchant Processing Fees and Assessments. Subject to credit approval. Visit https://www.tdbank.com/merchantsolutionsoffer/ for promotion details.
View account guide for more details: TD Business Simple Checking, TD Business Convenience Checking Plus, TD Business Premier Checking and TD Business Interest Checking Plus.
1Refer to the Business Deposit Account Agreement for details.
2For non-TD Bank, N.A. ATM transactions, the institution that owns the terminal (or the network) may assess a surcharge at the time of your transaction, including balance inquiries.
3TD Business Convenience Checking Plus combined balances includes balances from the TD Business Convenience Checking Plus account and one TD personal checking product. The following personal checking products are excluded: Health Savings Accounts and TD Simply Free Checking. Please see your Business Deposit Account Agreement for more details.
4Non-profit customers are eligible for waiver of the monthly maintenance fee.
5Business Convenience Checking in-store cash deposits up to $5,000 per statement cycle and $0.25 per $100 deposited thereafter.
6Business Simple Checking in-store cash deposits up to $5,000 per statement cycle and $0.25 per $100 deposited thereafter.
7Data as of March 2018. Comparison of longest average store hours in the regions (MSAs) in which TD Bank operates compared to major banks. Major banks include our top 20 national competitors by MSA, our top five competitors in store share by MSA and any bank with greater or equal store share than TD Bank in the MSA. Major how much do you get for unemployment in utah do not include banks that operate in retail stores such as grocery stores, or banks that do not fall in an MSA.
8The TD Bank Mobile App is free to download, however, standard wireless carrier message and data rates may apply. Text "Stop" to quit or "Help" for more information. TD Bank Mobile Deposit is available to business customers with an active checking, savings or money market account. Available for most iPhone® and Android™ devices. Other restrictions may apply. Please refer to the Mobile Deposit Addendum.
9Fees may apply for optional services. For merchants with a TD Bank settlement account and TD Bank’s standard payment processing setup, funds will be available in the settlement account by 2 PM ET on the next business day. Availability may vary based on merchant-selected payment processing gateway and other chosen services, including but not limited to, the use of non-TD Bank settlement account. Additional restrictions apply. Please consult your Business Account Agreement for details. See the TD Bank, N.A. Member Merchant Agreement for Applicable Merchant Processing Fees and Assessments. Subject to credit approval. Visit https://www.tdbank.com/merchantsolutionsoffer/ for promotion details.
Business
Checking
Non-Profit
Checking
Small Business
Checking
Business Interest
Checking
Premium Interest
Checking
Minimum
Opening Deposit
$300
$50
$1,000
$2,500
Minimum
MonthlyBalance
No
No
$1,000
$2,500
Maintenance
Fee per
Statement Cycle
$12 + $0.12 activity fee1
Terms & Conditions
No
No3
Terms & Conditions
Interest Earned
No
Yes
Yes
Other
Limitations
No
No
Limited to sole proprietors and non-profit organizations only
Limited to sole proprietors and non-profit organizations only
Terms & Conditions
- 200 items and/or deposit items per month; $0.25 for each additional
- Free cash handling online only business checking account night deposit service
- Free currency and coin (limitations apply)
- Deposited checks drawn on The Bank of Glen Burnie are free
To continue enjoying all the features of Navy Federal Online, please use a compatible browser. You can confirm your browser capability here.
Features:
- No monthly service fee
- Two signers
Best For:
- New businesses
- Limited cash flow activity
APY2
0.01%Features:
- Monthly service fee of $8
- Unlimited signers
Best For:
- Growing businesses
- Multiple owners
- Steady banking activity
APY
0.01%Features:
- Monthly service fee of $0 or $203
- Unlimited signers
Best For:
- Mature businesses
- Large transaction volumes
- Higher deposit balances
- Multiple owners
| $0-$9,999: | 0.35% |
|---|---|
| $10,000-$24,999: | 0.40% |
| $25,000 & over: | 0.45% |
The GO BIZ Debit Card is designed to help keep your business moving forward.
- Contactless, tap-to-pay technology
- A Zero Liability policy for unauthorized transactions
- Visa® Travel Accident Insurance
about Navy Federal's commercial real estate loan offeri
Features:
- No term restrictions
- Competitive rates
- Minimum of $2,500 balance to earn dividends
- Earns more than a standard savings account without term restrictions
Best Solano movie drive in looking for higher earnings than a standard savings account
Jumbo dividend rate earned how to pay my tmobile phone bill online balances of $100,000 or more
Features:
- No term restrictions
- Competitive rates
- Minimum of $100,000 balance to earn jumbo dividend rate
Best For:
- Businesses with the ability to maintain higher balances on deposit
- Businesses interested in earning a jumbo dividend rate
Higher dividends earned through longer maturities
Features:
- Minimum purchases as low as $100
- No maximum purchase amount (excluding special promotions and offers)
- 3-month to 7-year terms available
Best Pnc mailing address prioritizing earning the highest dividend rate without needing flexible access to savings
Join Today and become a Business Solutions member
If you’re already a business member, follow these easy steps:
Non-electronic transactions are defined as checks processed and in-branch transfers, deposits and withdrawals. Up to 12 checks for deposit at a branch will count as one transaction.
↵Rates on variable rate accounts could change after account opening. Fees may reduce earnings. Offering rates may change.
↵Monthly service fee waived if average daily balance is $5,000 or more. Otherwise, a $20 monthly service fee will apply.
↵Maintain a minimum daily balance of $1,500 to earn dividends.
↵Business Checking Accounts
One Size Does NOT Fit All
Our no-fee commercial and business checking account options make it easy to find exactly what works for you, no matter the size and scope of your business.
Your Success Is Our Success
Whether you operate a small business with only a few employees or a larger one with many more, MAX can help simplify and streamline your business banking. At MAX, you can earn dividends and help your business save money with a business checking account from MAX.
Aspire Business Checking Account
Smart & Streamlined. At MAX, we know you have worked hard to build your business and fulfill online only business checking account goals. That’s why we developed the Aspire Business account. It has great features and benefits, making it everything you need to make banking smart and simple. Aspire saves you time and money so you can focus on your business.
Features of the Aspire Business Checking Account capital one spark business credit card application status monthly checking account fee
aspire+ Business Checking Account
Smart & Successful. They go hand-in-hand. AspirePlus is everything you need to take care of business, AND it even pays you. That’s pretty smart business sense, right? AspirePlus is smart and successful… just like you. More features of the Aspire+ Business Checking Account include:
- FREE first order of standard checks with a minimum opening balance of $5,000 or a minimum combined deposit balance of $10,000 (you may opt to receive a credit toward custom checks).
- 350 FREE processed items with a low $0.20 fee per additional online only business checking account item over 350
- Minimum opening balance of only $100
- FREE MAX Online & Mobile Business Banking Services
MAX Credit Union Business Banking at a Glance:
| Aspire+ Business Checking Account | Aspire Business Checking Account | |
|---|---|---|
| Minimum to Open | $100 | $100 |
| Monthly Fee | $10 | None |
| Minimum to Waive Monthly Fee | $5,000 | N/A |
| Earns Dividends | Yes | N/A |
| # of Free Items per Month | 350 | 350 |
| Fee per Additional Item | $0.20 | $0.20 |
Committed To Your Business
To learn more, or to open your Aspire or Aspire+ business account, contact a MAX business banking services professional in our Business Services Department by email at [email protected] or phone at 334.215.4943 or 1.800.776.6776 ext. 4943, Monday - Friday, 8:30 a.m. - 5:00 p.m. CST.
DisclosuresSee our Current Rates.
Best Banks for eCommerce Business
Once you've decided you're starting an eCommerce business and have your eCommerce business license, you need to start looking at what bank you'll use.
Not all banks are capable of keeping up with the fast-paced world of eCommerce.
You'll need to make sure that the bank you choose can help your business grow and give you the tools to succeed. It will also make eCommerce accounting much easier, since you'll know where your money is and how it's growing.
We've put together a guide on the best bank accounts and banks for eCommerce businesses to help you make an informed choice.
Best Bank Account for eCommerce Business
There are many bank account options for eCommerce businesses, but a checking account is the most important. We've put together a list of the five best free checking accounts available. There are many types of eCommerce businesses, so we ranked these accounts based on their overall value.
Here's how we ranked them:
- Cost. If you're running an eCommerce startup, you know that money can be tight. You don't want an account that costs you money every month just to keep it open.
- Limits. Transaction limits, minimum balance requirements, and the inability to access your account on the go can hamper your buying power. Small eCommerce business owners are better served by accounts that help their business, not hamper them.
- Features. Mobile bank apps are one of the best features for a small eCommerce business bank account. There are a few other useful features to look for as well, including transaction alerts, mobile deposits, and ACH transfer options.
- Integration. Many accounts can actually be integrated into other services you use like Quickbooks, Stripe, and more. Though not necessary, this is a nice feature that can bring value to some eCommerce businesses.
1.Novo
Novo is a much newer business banking solution but it was built specifically around mobile banking for small business owners. This means you won't run into any tech issues and it can be integrated into most online storefronts.
The best thing about Novo is that all of its features are entirely free. This includes a Mastercard debit card, unlimited transactions, transaction alerts, and ATM refunds. Even better, it comes with Google Cloud credits and zero-cost processing from Stripe. If you come up with profitable eCommerce business ideas regularly, you definitely want an account that you can grow with. Whether you own your site or use an online marketplace, we think Novo is the best choice for you.
2. NorthOne
Like Novo, NorthOne is a modern banking solution for small businesses and freelancers. They offer an FDIC-insured business banking account with API connectivity to PayPal, Square, Quickbooks, and many other tools. Even better, it only takes three minutes to set up and for a flat fee of $10, online only business checking account get unlimited transactions and no hidden fees.
The best thing about NorthOne is the user-friendly mobile banking. For small businesses and entrepreneurs, this can make all the difference as you have access to your account and reports 24/7. You can even order extra debit cards for your team within the app!
3. Chase Business Complete Checking
Unsurprisingly, one of the 10 largest banks in the world also has some of the best offerings for eCommerce businesses. Chase Business Complete (formerly Chase Total Business) is the perfect all-in-one account for a small- to mid-sized business.
In addition to a slew of incentives they offer for opening an account, they've also got a pretty robust mobile app. It also comes with all the typical offerings like an extensive ATM network, debit cards, ACH transfers, and mobile depositing. That way you'll always be able to accept an eCommerce payment.
The only real drawback to the Chase Business Complete Checking account is that it has a monthly fee. This fee of $12 is waived as long as there is $1,500 in the account regularly.
Still, the benefits far outweigh this potential cost. If you come up with profitable eCommerce business ideas regularly, you definitely want an account that you can grow with.
4. TIAA Small Business Checking
The second of the larger banks on our list is TIAA Bank. Their Small Business Checking is a great option for small eCommerce businesses that want a long-term banking option. It has no monthly fees, ATM reimbursement, and convenient mobile check deposits.
One drawback of this account is that it requires $1,500 to open, which may be tough for a startup. That being said, it also offers an APY of 1.21% for the first year, which is higher than many savings accounts. If you have the capital and expect to grow quickly, this is a very good account option.
5. Axos Small Business Banking
The oldest online bank in the U.S., Axos is built conveniently to serve eCommerce businesses. There are no physical locations, but your money can be accessed from any ATM in the U.S. and fees will be reimbursed. Accounts are also free to open and have no minimum balance requirements. New business owners can even get $100 online only business checking account opening an account.
The negatives for Axos are that you are limited to 200 free transactions per month, after which you're charged $0.30 per transaction. They also don't offer credit cards and customer support hours are not always convenient.
Best eCommerce Bank
Choosing a bank for your eCommerce business can be complicated, so we've broken it out into a few categories that you may fall under. Unlike our list of checking accounts, here we're looking at banks with a narrow lens.
Here are the best banks:
Best Overall Bank for Small eCommerce At what time does bank of america closed today Chase
Not only did Chase top our list of checking accounts, but they're the best option for small businesses. With more than 5,000 locations and 16,000 ATMs across the globe, you'll always have physical and digital access to your accounts. They also have multiple tiers of business accounts so you can grow and stay with the same bank.
One of the best aspects of Chase is that they offer small business loans ranging from $10,000-$50,000. This capital may be vital in taking your business to the next level. Their credit card offerings are also some of the best on the market.
Best Credit Union for eCommerce Businesses: America First Credit Union
America First Credit Union is a Utah-based credit union with a number of co-operative banking agreements. These let its members access their accounts through more than 30,000 ATMs in the U.S. They also have a robust business loan program and offer a dedicated business credit card. It has multiple business checking account options and can assist with payroll, business
Unfortunately, like many credit unions, America First only operates in a handful of states. Luckily, If your business is in one of them, then you could do much worse.
Best for SBA Loans: Wells Fargo
Another prominent bank, Wells Fargo has a very strong set of offerings for small businesses. In 2019, they lent more than $140 million to small businesses. Even better, their average loan size is around $80,000.
That means you don't have to be in need of an astronomical sum to get approved. They are a bit more traditional than some other banks on this list, but their customer service, number of locations, and financing options make up for it.
Best Sign Up Perks: Bank of America
Another big name in banking, Bank of America has some great incentives for small eCommerce businesses. They have multiple options for cashback when opening an account, getting a business card, and even spending. They also have online only business checking account all over the country so you can easily find a branch if you need to do some in-person banking.
Unfortunately, unlike Chase, Bank of America doesn't offer unlimited free transactions. They also limit the number of free cash deposits. If you're looking to open a second business account or won't be depositing money too often, this may be a great option.
Show Me the Money!
A business without a bank account is like a house without walls. It might function, but it's not going to be enjoyable. You need to make sure your money is protected and working for you. Pick the bank and account options that best match your company's needs and growth goals.
If you're a very thorough planner, try to include this information in your eCommerce business plan template. This will signal to investors that you have a good financial plan and keep you focused. You should also make sure to pick up some eCommerce business insurance. You don't want to end up draining that new bank account on lawsuits.
We also recommend picking up some eCommerce books and reading an eCommerce blog or two so you can learn about the current trends and continue to grow your business and fill up that new bank account.
Frequently Asked Questions About eCommerce Banking
Though eCommerce banking has similarities to personal banking, there are key differences to be aware of. If you’re doing business banking for the first time, you’re likely asking a few common questions. Check out our answers to these frequently asked questions below:
Do I need a business bank account for eCommerce?
Yes, you should set up a business bank account for your eCommerce venture. There are multiple benefits to keeping your business transactions separate from personal ones.
One, it simplifies accounting because you don’t need to separate personal purchases. Two, it’s much easier to assign expenses to specific accounts on a monthly basis. Three, your business taxes and fees are kept separate from personal income. This offers peace of mind for all of your financial accounts.
How much does it cost to open a business account?
Every business’s policies vary, but most banks walmart eye exam near me let you open a business checking account for $25-100. This isn’t a fee you pay to begin banking with the company, but a minimum balance required to open your account.
Some businesses require a minimum daily balance of $1,000 or more, though this depends on what bank you use and their requirements. When opening a business account, review their terms carefully and make sure it’s a bank that works for your needs. If you have specific questions, contact one of their business representatives.
What do I need to bring to open a business bank account?
There are several documents to bring when opening a business bank account, including the following:
- Employer identification number (EIN) or federal tax ID (FTID)
- Articles of organization or incorporation (depending on business type)
- Personal identification, including driver’s license and social security card
- eCommerce, retail, and/or manufacturer’s license
- Your Doing Business As or certificate of assumed name
- Ownership agreements (who owns what and what amount in the business)
- Current monthly business revenue
Your bank uses this information to keep accurate records and to simplify the sharing of information during tax season.
All offers, interest rates, and conditions are as of this writing and may have changed. Check with the respective bank for current details.
Business Checking Accounts
Business Solutions
Enjoy the convenience and security of using merchant services, along with essential cash management tools available for enrollment directly through your Regions Online Banking account – keeping your business one step ahead.
Community Involvement
We believe in giving back to our communities by supporting local organizations and donating our time and talents. We even give associates a paid day off each year to volunteer with a cause of their choice.
Convenience
online only business checking account Bank when, where and how you want with Mobile and Online Business Banking solutions such as Bill Pay, Online Statements, Online Funds Transfer and Quicken/Quickbooks Access.
Flexibility
Choose from among a variety of checking, savings, credit and loan products and services that are specially designed to help you manage your day-to-day operations so you can concentrate on what you do best.
Insights
Visit Business Insights by Regions to take advantage of tools, tips and calculators that help you manage your business, monitor cash flow, provide information on financing options and track your spending.
Personal Service
With award-winning customer service through a branch, online, over the phone, on Facebook or Twitter, or even at an ATM, we strive to make each experience a satisfying one.
