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Startups and VC-backed

Startups often look for deposit insurance above a single bank's limit through a sweep network, cards for teammates, and software connections. Whether a provider offers those is a fact we only show after we read it 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

  • Sweep coverage
  • Team cards
  • Integrations

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 Startups that want free wires

    Mercury Business Checking

    Mercury

    Fintech (banking by Choice Financial Group and Column N.A., Members FDIC)

    Monthly fee
    $0Base Mercury plan. No minimum balance. Mercury Plus is $29.90 a month. Paid workflow plans start at $35 a month.as of Oct 30, 2026 source
    APY
    0.00%Checking APY in the Column N.A. agreement. Savings APY there is also 0.00%. Treasury can pay up to 4.09% and is an investment, not this checking account. It requires a $250,000 Mercury balance.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
    • Free ACH and domestic wires
    • No minimum balance
    Open account for Mercury Business Checking, opens in a new tabRead review of Mercury Business Checking

How to choose

  • Read the provider's own words on who holds deposits and how insurance works.
  • Check how you add users and cards, and what each person can approve.
  • Confirm the accounting or banking tools you already use are supported.

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