Best Bank to Open Business Account: Top Choices for Startups in 2025

Selecting the best bank to open a business account involves evaluating multiple factors such as fees, accessibility, digital tools, and customer service. Startups often operate with limited capital, making low-cost banking solutions a priority. Additionally, seamless integration with accounting software, mobile banking features, and quick fund accessibility are crucial for smooth operations. Below is an in-depth look at the top banks for startup accounts in 2025, followed by a comparison table for easy reference.

Traditional Banks for Startup Accounts

Traditional banks remain a popular choice for startups due to their established reputation, physical branches, and comprehensive services. These institutions often provide business checking and savings accounts, credit options, and merchant services.

Chase Business Complete Banking

Chase offers a robust business checking account with features tailored for startups. Key benefits include a low monthly fee (waivable with minimum balance requirements), unlimited electronic transactions, and access to over 16,000 ATMs. Chase also provides integration with QuickBooks and other accounting tools, making financial management easier for entrepreneurs.

Bank of America Business Advantage Checking

Bank of America’s business checking account is ideal for startups needing a mix of digital and in-person banking. The account offers cash flow management tools, mobile check deposits, and a rewards program. Fees can be waived by maintaining a minimum balance or meeting other criteria.

Digital Banks and Neobanks for Startups

Digital-first banks and neobanks are gaining traction among startups due to their low fees, user-friendly apps, and innovative features. These banks often lack physical branches but compensate with superior online experiences.

Novo

Novo is a leading neobank designed for small businesses and startups. It offers no monthly fees, unlimited transactions, and integrations with popular tools like Stripe and Shopify. Novo’s mobile app provides real-time notifications and easy invoicing, making it a favorite among tech-savvy entrepreneurs.

Bluevine Business Checking

Bluevine combines the benefits of a traditional bank with the convenience of a digital platform. Startups enjoy no monthly fees, high-interest earnings on balances, and free ATM access. Bluevine also offers a line of credit option, which can be beneficial for cash flow management.

Credit Unions for Startup Accounts

Credit unions are member-owned institutions that often provide lower fees and better customer service compared to traditional banks. While they may have fewer branches, their focus on community and small businesses makes them a viable option.

Navy Federal Credit Union Business Checking

Navy Federal offers business checking accounts with no monthly fees and free transactions. While membership is restricted to military personnel and their families, those eligible can benefit from personalized service and competitive loan rates.

Alliant Credit Union Business Account

Alliant provides a high-yield business checking account with no monthly fees and ATM fee reimbursements. Its digital banking platform is robust, offering mobile deposits and 24/7 customer support.

Comparison Table: Best Banks for Startup Accounts

Key Considerations When Choosing a Bank

Startups should evaluate the following factors before selecting a bank:

• Monthly fees and waivable conditions
• Minimum balance requirements
• Digital banking features and app usability
• Integration with accounting and payment tools
• ATM access and fee reimbursements
• Customer support availability

By carefully assessing these aspects, startups can choose a bank that best supports their financial needs and growth trajectory.

References

Chase Business Banking
Bank of America Business Accounts
Novo Business Banking
Bluevine Business Checking
Navy Federal Credit Union
Alliant Credit Union