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Business

Freelancer or sole proprietor

Freelancers usually want business money kept apart from personal money, a simple way to get paid, and a fee that stays low when the balance is small. The monthly fee on each card is copied from the provider. Confirm the rest on the provider's site.

Editor's choice

Business

Our pick when you are opening a new business account. Relay is not a bank. Thread Bank provides the banking services.

Editor's choice

Relay Business Checking

Relay Financial

Fintech (banking by Thread Bank, N.A., Member FDIC)

Monthly fee
$0Starter plan. Grow is $30 a month. Scale is listed at $90 a month, discounted from $120 for a limited time.as of Oct 30, 2026 source
APY
1.19%Savings APY on Starter, as of Sep 17, 2026. Grow savings APY is 1.87%. Scale savings APY is 3.21%. Rates are variable.as of Oct 30, 2026 source
Sign-up bonus
Noneas of Oct 30, 2026 source
Min. deposit
$0as of Oct 30, 2026 source
  • No minimum balance
  • 20 checking accounts on Starter
  • Savings APY from 1.19%
Open account for Relay Business Checking, opens in a new tabRead review of Relay Business Checking

What matters for you

  • No monthly fee
  • Easy invoicing
  • Simple setup

Accounts to compare

Listed alphabetically. This is not a ranking. The editor's choice above is our recommendation for opening a new account. Fees, rates, and bonuses are copied from each provider's site and dated. How we review

  • Best for A new business that wants no monthly fee

    Axos Bank Business Checking

    Axos Bank

    Bank

    Monthly fee
    $0Basic Business Checking. No monthly maintenance fee and no minimum balance. Business Interest Checking is a separate account with a $10 monthly fee, waived at a $5,000 average daily balance.as of Oct 30, 2026 source
    APY
    Not listedBasic Business Checking does not publish an APY. Business Interest Checking lists 1.01% APY on balances under $50,000.as of Oct 30, 2026 source
    Sign-up bonus
    Up to $200Open Basic Business Checking with promo code START200 by Jan 31, 2027. Keep a $3,000 average daily balance. Axos pays up to $50 a month, up to $200 total.as of Oct 30, 2026 source
    Min. deposit
    $0as of Oct 30, 2026 source
    • No monthly fee
    • No minimum to open
    • Free incoming wires
    Open account for Axos Bank Business Checking, opens in a new tabRead review of Axos Bank Business Checking
  • Best for Interest on business checking

    Bluevine Business Checking

    Bluevine

    Fintech (banking by Coastal Community Bank, Member FDIC)

    Monthly fee
    $0Standard plan. Plus is $30 a month and Premier is $95 a month. Bluevine says those paid-plan fees can be waived.as of Oct 30, 2026 source
    APY
    1.3%Standard plan, on balances up to $250,000, if you spend $500 on the debit card or receive $2,500 in customer payments that month. Plus is 1.75% up to $250,000. Premier is 3.0% on all balances.as of Oct 30, 2026 source
    Sign-up bonus
    Noneas of Oct 30, 2026 source
    Min. deposit
    $0as of Oct 30, 2026 source
    • No monthly fee on Standard
    • Up to 3.0% APY on Premier
    • FDIC coverage up to $3 million
    Open account for Bluevine Business Checking, opens in a new tabRead review of Bluevine Business Checking
  • Best for Branch access for a small business

    Chase Business Complete Banking

    JPMorgan Chase Bank, N.A.

    Bank

    Monthly fee
    $15$0 with a $2,000 minimum daily ending balance, or $2,000 in eligible Chase Payment Solutions deposits, or $2,000 in eligible Ink or Sapphire Reserve for Business purchases, or a linked qualifying personal checking account, or military banking.as of Oct 30, 2026 source
    APY
    Not listedas of Oct 30, 2026 source
    Sign-up bonus
    NoneA bonus page on Chase's site listed an offer that ended Oct 15, 2026. The checking page does not list a current bonus.as of Oct 30, 2026 source
    Min. deposit
    Not listedas of Oct 30, 2026 source
    • $15 monthly fee, or $0 if you qualify
    • Mobile card acceptance
    • 20 paper and teller transactions included
    Open account for Chase Business Complete Banking, opens in a new tabRead review of Chase Business Complete Banking
  • Best for A new business that uses branches

    Wells Fargo Initiate Business Checking

    Wells Fargo Bank, N.A.

    Bank

    Monthly fee
    $15$0 with a $2,000 minimum daily balance, a $5,000 average combined business deposit balance, or a Premier, Private Bank, or Private Bank Interest Checking account.as of Oct 30, 2026 source
    APY
    Not listedas of Oct 30, 2026 source
    Sign-up bonus
    Noneas of Oct 30, 2026 source
    Min. deposit
    $25as of Oct 30, 2026 source
    • $15 monthly fee, or $0 if you qualify
    • $25 to open
    • First $5,000 of cash deposits has no processing fee
    Open account for Wells Fargo Initiate Business Checking, opens in a new tabRead review of Wells Fargo Initiate Business Checking

How to choose

  • Separate business spending from personal spending, even if you are a sole proprietor.
  • Check how clients can pay you, including bank transfer, card, and invoices.
  • Read the monthly fee and what happens if your balance is small. The fee on the card is copied from the provider.

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