--- title: Best Banks for Small Businesses for 2027 description: The best banks for small businesses for 2027 charge lower fees, feature good interest rates and offer diverse products. authors: - name: Kat Tretina role: Contributor url: https://money.com/author/kat-tretina/ education: B.A in English and Communications from Elizabethtown College, M.A. in Communications from West Chester University at_money_since: 2025 articles: 31 covers: - Banking - Insurance - Loans former_staff: true editors: - name: Jordan Chussler role: Editor, Investing and Banking url: https://money.com/author/jordan-chussler/ bio: Jordan is an investment editor who specializes in topics ranging from traditional equities, retirement savings and income investing to alternative assets and commodities, specifically focusing on gold and other precious metals. He combines his personal interests and professional experience in finance and education to help readers increase their financial literacy and make better investment choices. Jordan is a Certified Personal Finance Counselor. education: Lynn University certifications: Certified Personal Finance Counselor at_money_since: 2023 articles: 133 covers: - Banking - Credit - Credit Cards - Economy and Politics - Housing - Identity Theft - Insurance - Investing - Loans - Mortgages - Personal Finance - Professional Services - Retirement also_seen_in: - Weiss Ratings - 24/7 Wall Street - Better Investing - Yahoo Finance - Nasdaq - Investing.com - Marketbeat - MSN Money social: - https://www.linkedin.com/in/jordan-chussler-b3597811/ published: '2026-10-14T15:07:38.000Z' modified: '2026-10-14T18:01:18.000Z' section: Banking tags: - best banks word_count: 1076 canonical: https://money.com/best-banks-for-small-businesses/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Best Banks for Small Businesses for 2027](https://img.money.com/2026/09/Best-Banks-2027-Small-Business1-mbci_dst04__lwu54y.jpg?quality=85&w=1012&h=569&crop=1) ## Our Partners ### TOP PARTNER ![View Rates](https://s3.consumersadvocate.org/prd/image/image/19227/medium_5c3a0d96-3da5-45d8-8e99-d58f043e9433.png) Our Partner [View Rates](https://money.com/go/63adfc87777a?ap_referrer=%2Fbest-banks-for-small-businesses%2F&bidid=4222660311&pmeta=p129-c561-u42650&ptid=683264643&ptoken=eb7a6e16d416ca56f7cc1ecd4a9b2b0a&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215) **Up to 3.30% APY² with eligible direct deposit or $5,000 or more in qualifying deposits during the 31-day evaluation period.** - Limited Time Offer - +0.90% Boost on Savings APY to up to 4.20% for up to 6 months on new accounts. Terms apply.8  - $0 min. balance to earn APY - Open Checking & Savings Accounts with 1 Sign Up - Up to 2-Day-Early Paycheck3 - Access additional FDIC insurance up to $3M on deposits4 - No Account Fees5 & No-fee Overdraft Coverage6 \*Terms Apply **\[AFFILIATE LINK: Open SoFi Account Today\]** * * * ![View Rates](https://s3.consumersadvocate.org/prd/image/image/40232/medium_cfa5e5b0-4ccd-4dc6-814f-910bb4151eb3.webp) Our Partner [View Rates](https://money.com/go/6a91e8f8fdb3?ap_referrer=%2Fbest-banks-for-small-businesses%2F&bidid=4222660313&pmeta=p129-c561-u42650&ptid=683264643&ptoken=2f8af6cb8aa40dd07749871fd507bde6&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215) **Earn 4.25% APY\* for 6 months with $5k min. balance when you open a Platinum Savings Account** - $5,000 min. balance to earn top APY - $100 minimum deposit to open an account - No account opening or monthly service fees - Member FDIC \*Boosted rate for 6 months; 3.75% APY after. \*Enter promo code BOOST50 for APY bonus. Rate as of 9/29/2026. **\[AFFILIATE LINK: View CIT Bank Offer\]** * * * ![View Rates](https://s3.consumersadvocate.org/prd/image/image/40546/medium_c4df0da9-32d5-4f39-9172-e02e18571a8d.webp) Our Partner [View Rates](https://money.com/go/cf032eefe424?ap_referrer=%2Fbest-banks-for-small-businesses%2F&bidid=4222660315&pmeta=p129-c561-u42650&ptid=683264643&ptoken=326f5c0906af072824186e890e05df01&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215) **Earn Up to 4.35% APY (inclusive of 0.35% APY Boost)\*\*** - $500 minimum opening deposit - Keep more of your money with no fees - Trusted device security with quick face or fingerprint login - Member FDIC, Santander Bank, N.A. Rates as of 10/14/2026 \*\*New Customers only. Terms Apply. Santander Bank, N.A. Member FDIC. The APY Boost will apply for (6) months from the date the account is opened. **\[AFFILIATE LINK: View Openbank Offer\]** ## Key Takeaways - Recognized for the second consecutive year as the best overall bank for small businesses, Bluevine offers fee-free checking, high APYs, sub-accounts for goal-based budgeting and expanded FDIC coverage of up to $3 million. - Financial institutions that excel in targeted business categories include Capital One for high-yield business savings, Axos for digital business accounts and QuickBooks for seamless sole-proprietor accounting integration. - Money's selections were benchmarked by fees, yield and ease of integration. The 2027 rankings evaluated traditional banks, credit unions and online institutions based on low monthly maintenance fees, high APYs, ATM and branch accessibility as well as software integration capabilities. Whether you're a solo proprietor running an online shop from your couch or have a growing company with dozens of employees, having the right business bank accounts is critical. Choosing the right bank will allow you to save money on fees and earn higher annual percentage yields (APYs) on your balances. The best small business bank accounts make it easier to accept customer payments, pay bills and handle your bookkeeping tasks. To help you find the right business bank account, Money researched the leading small business bank accounts available through banks, fintech platforms and credit unions and evaluated them based on their fees, rates and benefits. Here are our picks for the top accounts for small businesses for 2027: - **[Bluevine](#bluevine):** Best Overall - **[American Express](#amex):** Best for Business Checking - **[Capital One](#capone):** Best for Business Savings - **[Chase](#chase):** Best for Mid-to-Larger Businesses - **[Digital Credit Union](#digital):** Best Credit Union - **[QuickBooks](#quick):** Best for Sole Proprietors - **[Axos](#axos):** Best Rates for Business Accounts \**Rates and APYs are subject to change. All information provided was accurate as of Oct. 9, 2026.* ## Start saving today with a SoFi®️ High-Yield Savings Account. ### A High-Yield Savings Account keeps your money organized and separated so there's no confusion when it comes time to spend. [Open an Account Today](https://money.com/pr/zf15b77dd573?ap_referrer=%2Fbest-banks-for-small-businesses%2F) ## Best Overall: Bluevine ![](https://s3.consumersadvocate.org/prd/image/image/40742/large_80442312-9228-405d-9e7c-809438faf5aa.webp) [SEE OFFER](https://money.com/pr/edd0e0686035?ap_referrer=%2Fbest-banks-for-small-businesses%2F&url=) Following its win in 2026, [Bluevine](https://money.com/pr/nbd9abe7c50e?data-trk-company=bluevine-savings-accounts&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=nbd9abe7c50e&encoded_id=) is again Money's choice for the best overall bank for small businesses for 2027. Although Bluevine only offers business checking accounts, the benefits offset the lack of other account options. There are no minimum balance requirements, no monthly fees and no overdraft fees. Plus, the account pays interest and you'll earn a higher-than-average APY than those offered by other business checking accounts or money market accounts. Standard Bluevine checking accounts earn 1.3% APY. But if you upgrade your account to a Plus or Premier checking account, you can earn up to 3% APY. The business checking account allows you to receive customer payments, and you can set up sub-accounts to budget and save for business goals. Additionally, Bluevine accounts are backed by up to $3 million in Federal Deposit Insurance Corporation (FDIC) protection. **Pros** - Among the highest APYs for business checking accounts - No minimum balance or monthly fees - Up to $3 million in FDIC protection **Cons** - No branch locations - No savings accounts, money market accounts or CDs - Monthly fee to enroll in a plan to earn higher APY ## Best for Business Checking: American Express ![](https://s3.consumersadvocate.org/prd/image/image/16629/large_efd878c7-1e69-45a7-ba86-08d9fe2c804e.png) [SEE OFFER](https://money.com/pr/gb2850ad131f?ap_referrer=%2Fbest-banks-for-small-businesses%2F) For the second year in a row, [American Express](https://money.com/pr/z231eb2454c0?data-trk-company=american-express-personal-savings-accounts-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=z231eb2454c0&encoded_id=) is Money's pick for the best business checking account option. There are no minimum balance requirements or monthly fees, and despite being a fee-free account, it still comes with substantial perks. Business checking customers can earn 1% APY on balances up to $500,000. Plus, you will earn one Membership Reward point for every $2 you spend with your business debit card. For a limited time, there's an additional benefit. If you are a new American Express business customer, you may be eligible for a 35,000-Membership Point welcome offer. To qualify, you must meet this criteria: - Deposit a total of $5,000 or more into your account within 30 days - Maintain an average account balance of $5,000 for the next 60 days - Make five or more qualifying transactions within 60 days of opening the account **Pros** - Valuable new member bonus offers - No minimum balance or monthly fees - Earn rewards and interest **Cons** - No money market accounts - No CDs - Doesn't accept cash deposits ## Best for Business Savings: Capital One ![](https://s3.consumersadvocate.org/prd/image/image/19942/large_016511f7-873d-4a27-ac19-7f4058499bd6.png) [SEE OFFER](https://money.com/pr/c158f18369f1?ap_referrer=%2Fbest-banks-for-small-businesses%2F&url=) With its higher-than-average APYs on business savings accounts, [Capital One](https://money.com/pr/u91741f18ec3?data-trk-company=capital-one-kids-savings-account-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=u91741f18ec3&encoded_id=) again gets the title of the best bank for business savings accounts. With its promotional APY offer for new customers, you can earn up to 3.5% APY on balances of $10,000 to $10 million. The rate is guaranteed for three months. After that, the APY is subject to change. The savings account does have a small monthly fee of $3, but you can qualify for a fee waiver if you maintain an account balance of at least $300. Capital One doesn't offer business CDs or business money market accounts. **Pros** - High promotional APY on savings account - Low balance requirement for fee waiver on savings accounts - Overdraft protection **Cons** - No CDs or money market accounts - Limits on savings account withdrawals - Monthly fees apply to checking accounts ## Best for Mid-to-Larger Businesses: Chase ![](https://s3.consumersadvocate.org/prd/image/image/40459/large_31853ecb-e791-49bb-be96-bb2f04daa90d.webp) [Sign Up](https://money.com/pr/aea075b390d4?ap_referrer=%2Fbest-banks-for-small-businesses%2F&url=) As your business expands, you may need more robust banking options, particularly if you add employees. For growing, mid-sized and larger businesses, [Chase](https://money.com/pr/i7be8f252370?data-trk-company=chase-savings-accounts-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=i7be8f252370&encoded_id=) stands out due its broad range of banking options and tools. If your business deals with a lot of cash, the Chase Platinum Business Checking could be a particularly good fit. You can make up to 500 debits and deposit up to $25,000 in cash at a Chase branch or ATM. The account makes it easy to accept credit and debit card payments at your counter or online with Chase Payment Solutions. While the bank doesn't offer money market accounts, it does offer businesses CDs. **Pros** - Accepts cash deposits at Chase branches and ATMs - Allows businesses to accept credit and debit card payments - Potential for new business customer bonus **Cons** - Lower-than-average APYs on business savings accounts and CDs - Monthly fees can be as high as $95 per month - High balance requirements for fee waivers ## Best Credit Union: Digital Credit Union ![](https://s3.consumersadvocate.org/prd/image/image/22071/large_213664c0-825d-41d4-9686-155f586433e2.png) [View Rates](https://money.com/pr/o18e8fb1f4f9?ap_referrer=%2Fbest-banks-for-small-businesses%2F&url=) In 2026, [Digital Credit Union](https://money.com/pr/x2f7016dd990?data-trk-company=digital-federal-credit-union&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=x2f7016dd990&encoded_id=) (DCU) merged with First Tech Federal Credit Union, but it remains the same reliable credit union for business accounts. This year, DCU stood out to Money as the best account for small businesses that want basic, fee-free banking options. DCU's free business checking accounts have no monthly fees and have a $0 minimum deposit requirement. Additionally, you can have up to four debit cards per account (many banks limit you to just one) and unlimited check-writing without fees. DCU has business savings, money market and share certificate accounts, and it also offers two individual retirement accounts for employees. **Pros** - No monthly fees on business checking - No minimum deposit on business checking - Broad range of savings options **Cons** - Limited branches - Limited cash deposit options - May have to pay a fee to join an organization to be eligible for membership ## Best for Sole Proprietors: QuickBooks ![](https://s3.consumersadvocate.org/prd/image/image/40744/large_b2e28db2-f181-4d4e-aac0-2d9d28a60947.webp) [SEE OFFER](https://money.com/pr/rc8b0ed93d5c?ap_referrer=%2Fbest-banks-for-small-businesses%2F&url=) For sole proprietors, including freelancers and contractors, [QuickBooks](https://money.com/pr/ue3eedaffb4c?data-trk-company=quickbooks-savings-accounts&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=ue3eedaffb4c&encoded_id=) provides an easy, all-in-one platform. If you already use QuickBooks for bookkeeping and invoicing, it's easy to add a QuickBooks checking account to your plan. The account has no monthly fees or minimum balance requirements, and it syncs seamlessly with your QuickBooks bookkeeping tools. QuickBooks also can help maximize your account balance. You can use QuickBooks' Envelopes — a sub-account that acts like a savings account — and earn up to 3% APY on your account. **Pros** - High APYs on savings sub-accounts - No minimum balance or monthly fees - Easier business bookkeeping **Cons** - QuickBooks bookkeeping plans start at $19 per month - No cash deposits - Poor Trustpilot reviews ## Best Rates for Business Accounts: Axos ![](https://s3.consumersadvocate.org/prd/image/image/8770/large_7622d591-2ee6-4691-ad6e-602776940e14.png) [SEE OFFER](https://money.com/pr/q728b87c5835?ap_referrer=%2Fbest-banks-for-small-businesses%2F&url=) For businesses comfortable with a fully digital banking or mobile banking experience, [Axos](https://money.com/pr/k36d0c04d5a4?data-trk-company=axos-bank-high-yield-savings-account-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=k36d0c04d5a4&encoded_id=) has several business banking options. You can choose from a broad range of business checking, savings, money market and CD accounts. The Business Premium Checking account is an interest-bearing account with an APY up to 1.01%. The Business Premium Savings Account has an APY up to 3.91% — one of the highest rates for a business savings account — and it doesn't have a monthly maintenance fee. **Pros** - High APY on interest checking - High APY on Premium Savings account - Easy QuickBooks integration **Cons** - Limited online information for business CDs - Limits on withdrawals from savings and money market accounts - Monthly fees on some business accounts ## FAQs ### What features should I prioritize when choosing a small business bank account? Look for accounts with $0 monthly maintenance fees or easily achievable fee-waiver thresholds, while also ensuring that the bank accommodates your monthly transaction volume and physical cash deposit needs without extra fees. Additionally, look for accounts that offer seamless connectivity between accounting tools and point-of-sale (POS) processing. Lending Products: Access to Small Business Administration (SBA) loans, business lines of credit, and business credit cards. ### What documents are required to open a small business checking account? Beyond a government-issued photo ID, banks typically require an employer identification number (EIN), a business license or fictitious name certificate and business formation documents, such as articles of organization or incorporation. ### Is an online bank or a traditional brick-and-mortar branch bank better for my small business? Online banks are well-suited for businesses focusing on e-commerce and digital services. That's because they offer lower fees, higher APYs and often unlimited digital transactions while usually lacking cash deposit options. Traditional banks are well-suited for brick-and-mortar businesses that are cash-heavy and require physical branch access. ## How we chose the best banks for small businesses for 2027 To identify the best banks, credit unions and fintech platforms for small businesses and larger operations for 2027, Money researched hundreds of traditional banks, credit unions, regional banks, community banks and mobile or online banks. We analyzed top business deposit bank accounts and compared their minimum deposit requirements, monthly fees, APYs, customer service ratings and other tools and bookkeeping resources. We prioritized bank accounts with higher-than-average APYs, low monthly service fees and widespread ATM or branch access, as well as how easily banks sync with accounting software. AI was not used in the sourcing of Best Banks data, the analysis of that data or the content subsequently produced by Money's editorial team. You can [read our full methodology here](https://money.com/best-banks/methodology/). ## Save money the right way with a High-Yield Savings Account ### For an easy and effective way of saving money, a High-Yield Savings Account is a good bet. Just click below and open your account today. 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