Compare fees, yield, deposit structure, cash access, integrations, and operating constraints before you open an account.
Deposit protection needs context.
FundingRank distinguishes a bank that is itself FDIC insured from a fintech that places deposits at partner banks. We do not collapse those structures into one generic “FDIC insured” badge.
Bank
Innovator Business Checking
Grasshopper Bank
MONTHLY FEE
$0
APY
Up to 1.35% APY on the current product pages
OPENING DEPOSIT
Not publicly stated
BRANCHES
No branch access listed
Grasshopper Bank is a Member FDIC institution; standard FDIC coverage rules apply to eligible deposits.
BEST FOR
Digital-first businesses that want interest-bearing checking · Businesses that value unlimited transactions and cash-back debit rewards
2 recorded sources · Reviewed 2026-08-29
Fintech
Relay Starter
Relay
MONTHLY FEE
$0 Starter subscription
APY
Checking account APY not stated; Starter savings accounts currently advertise 1.11% APY
OPENING DEPOSIT
Not publicly stated
BRANCHES
No branch access listed
Funds on deposit through Thread Bank can qualify for FDIC insurance up to $3 million across program banks through the sweep program, subject to pass-through insurance conditions.
BEST FOR
Businesses using multi-account cash allocation · Owners working closely with an accountant or bookkeeper
2 recorded sources · Reviewed 2026-08-29
Fintech
Mercury Business Banking
Mercury
MONTHLY FEE
No required monthly fee
APY
Checking APY not promoted as a core checking feature on the current page
OPENING DEPOSIT
Not publicly stated
BRANCHES
No branch access listed
Mercury says eligible deposits can receive up to $5 million in FDIC insurance through partner banks and their sweep networks, subject to program conditions and existing deposits at program banks.
BEST FOR
Online-first businesses · Teams that value free USD wires and finance automation
1 recorded source · Reviewed 2026-08-29
Bank
Chase Business Complete Banking
Chase
MONTHLY FEE
$15, or $0 when a qualifying waiver is met
APY
No checking APY promoted on the current product page
OPENING DEPOSIT
Not publicly stated
BRANCHES
Available
Chase is a bank; standard FDIC deposit-insurance limits and ownership rules apply to eligible deposits.
BEST FOR
Businesses that value branch access · Businesses already using Chase payments or cards
1 recorded source · Reviewed 2026-08-29
Fintech
Bluevine Business Checking — Standard
Bluevine
MONTHLY FEE
$0
APY
1.3% on balances up to $250,000 when a monthly activity requirement is met
OPENING DEPOSIT
$0
BRANCHES
No branch access listed
Deposits are eligible for FDIC insurance up to $3 million per depositor through Coastal Community Bank, Member FDIC, and program banks, subject to program terms.
BEST FOR
Businesses that want no monthly maintenance fee · Businesses that can meet the activity threshold for checking APY
2 recorded sources · Reviewed 2026-08-29
Bank
Basic Business Checking
Capital One
MONTHLY FEE
$15, waived when the prior 30- or 90-day balance average is at least $2,000
APY
Non-interest-bearing checking
OPENING DEPOSIT
Not publicly stated
BRANCHES
Available
Capital One, N.A. is a Member FDIC institution; standard FDIC coverage rules apply.
BEST FOR
Businesses that value unlimited digital transactions · Businesses that can maintain the balance required to waive the monthly fee
1 recorded source · Reviewed 2026-08-29
Bank
Initiate Business Checking
Wells Fargo
MONTHLY FEE
$15, or $0 when a qualifying waiver is met
APY
Non-interest-bearing checking
OPENING DEPOSIT
$25
BRANCHES
Available
Wells Fargo Bank, N.A. is a Member FDIC institution; standard FDIC coverage rules apply.
BEST FOR
Businesses that want nationwide branch access · Businesses whose transaction and cash activity stays within the included allowances
1 recorded source · Reviewed 2026-08-29
Bank
Silver Business Checking
U.S. Bank
MONTHLY FEE
$0
APY
Non-interest-bearing checking
OPENING DEPOSIT
$25
BRANCHES
Available
U.S. Bank National Association is a Member FDIC institution; standard FDIC coverage rules apply.
BEST FOR
Smaller businesses that want a major-bank account with no monthly maintenance fee · Businesses that stay within the included transaction allowance
1 recorded source · Reviewed 2026-08-29
Bank
Business Advantage Relationship Banking
Bank of America
MONTHLY FEE
$29.95, or $0 when a qualifying waiver is met
APY
Non-interest-bearing checking
OPENING DEPOSIT
Not publicly stated
BRANCHES
Available
Bank of America, N.A. is a Member FDIC institution; standard FDIC coverage rules apply.
BEST FOR
Businesses with more complex account and treasury needs · Businesses that can maintain the relationship balance required to waive the fee
2 recorded sources · Reviewed 2026-08-29
Bank
Business Advantage Fundamentals Banking
Bank of America
MONTHLY FEE
$0 for the first 12 months on the current offer; then $16 unless waived
APY
Non-interest-bearing checking
OPENING DEPOSIT
Not publicly stated
BRANCHES
Available
Bank of America, N.A. is a Member FDIC institution; standard FDIC coverage rules apply.
BEST FOR
Smaller businesses that want a major-bank branch network · Businesses that can meet one of the monthly-fee waiver conditions
2 recorded sources · Reviewed 2026-08-29
Bank
NBKC Business Checking
NBKC Bank
MONTHLY FEE
$0
APY
No checking APY promoted on the current product page
OPENING DEPOSIT
$0
BRANCHES
Available
NBKC Bank is a Member FDIC institution; standard FDIC coverage rules apply.
BEST FOR
Businesses that want a direct-bank account with no monthly maintenance fee or minimum balance · Startups and online-oriented small businesses that value simple pricing
2 recorded sources · Reviewed 2026-08-29
Fintech
Novo Business Checking
Novo
MONTHLY FEE
$0
APY
No checking APY promoted on the current product page
OPENING DEPOSIT
$0
BRANCHES
No branch access listed
Eligible deposits are FDIC insured through partner bank Middlesex Federal Savings, F.A., subject to pass-through insurance requirements.
BEST FOR
Online and independent businesses that want no monthly maintenance fee · Businesses that value software and payments integrations
2 recorded sources · Reviewed 2026-08-29
Bank
American Express Business Checking
American Express
MONTHLY FEE
$0
APY
1.30% APY on balances up to $500,000 on the current published offer materials
OPENING DEPOSIT
$0
BRANCHES
No branch access listed
American Express National Bank is a Member FDIC institution; standard FDIC ownership and coverage rules apply.
BEST FOR
Businesses that want interest-bearing checking without a monthly maintenance fee · Existing Membership Rewards users who value debit-card point earning
2 recorded sources · Reviewed 2026-08-29
Bank
Business Interest Checking
Axos Bank
MONTHLY FEE
$10, waived with a $5,000 minimum average daily balance
APY
Up to 1.01% APY; current published tiers decline at higher balances
OPENING DEPOSIT
$100
BRANCHES
No branch access listed
Axos Bank is FDIC insured. The current product page also advertises optional expanded coverage through its Insured Cash Sweep program, subject to program terms.
BEST FOR
Businesses that keep meaningful operating cash in checking · Businesses that can maintain the balance required to waive the monthly fee
2 recorded sources · Reviewed 2026-08-29
Bank
Basic Business Checking
Axos Bank
MONTHLY FEE
$0
APY
Non-interest-bearing checking
OPENING DEPOSIT
$0
BRANCHES
No branch access listed
Axos Bank is FDIC insured. The current product page also advertises optional expanded coverage through its Insured Cash Sweep program, subject to program terms.
BEST FOR
Businesses that want no monthly maintenance fee or minimum balance · Businesses that value unlimited transactions and ATM reimbursements
2 recorded sources · Reviewed 2026-08-29
Fintech
Lili Core
Lili
MONTHLY FEE
$0
APY
Core plan does not advertise the premium APY features available on higher paid plans
OPENING DEPOSIT
$0
BRANCHES
No branch access listed
FDIC eligibility depends on Lili's current partner-bank and pass-through insurance structure; confirm the current account agreement before opening.
BEST FOR
Very small businesses and sole proprietors seeking a no-monthly-fee entry plan · Businesses interested in integrated expense and tax-management tools
1 recorded source · Reviewed 2026-08-29
Bank
Clearly Better Business Checking
Citizens
MONTHLY FEE
$0
APY
Non-interest-bearing checking
OPENING DEPOSIT
Not publicly stated
BRANCHES
Available
Citizens Bank, N.A. is a Member FDIC institution; standard FDIC coverage rules apply.
BEST FOR
Businesses in Citizens' service footprint that want branch access without a monthly maintenance fee · Businesses that value integrated invoicing and account-management tools
1 recorded source · Reviewed 2026-08-29
Fintech
Found Business Banking — Free
Found
MONTHLY FEE
$0
APY
No APY on the free plan; paid Found Plus and Found Pro plans currently advertise higher-yield features
OPENING DEPOSIT
$0
BRANCHES
No branch access listed
Eligible deposits are FDIC insured through Lead Bank, Member FDIC, subject to pass-through insurance requirements.
BEST FOR
Sole proprietors and small businesses that want banking, bookkeeping, invoicing, and tax tools in one product · Businesses that want a no-monthly-fee entry tier
2 recorded sources · Reviewed 2026-08-29
Bank
Do More Business Checking
First Internet Bank
MONTHLY FEE
$0
APY
0.50% APY with a qualifying $10,000 average daily balance on the current page
OPENING DEPOSIT
$100
BRANCHES
No branch access listed
First Internet Bank is a Member FDIC institution; standard FDIC coverage rules apply.
BEST FOR
Businesses that want unlimited transactions and no monthly maintenance fee · Businesses that can keep at least $10,000 in checking and want to earn interest