Best Business Bank Accounts for Entrepreneurs & Startups in 2025

Choosing the right business bank account is essential for entrepreneurs and startups looking to manage their finances efficiently. A good business account helps separate personal and business expenses, simplifies tax preparation, provides access to funding options, and improves financial management.

With numerous banking options available, it can be challenging to find the best one that fits your business needs. This article explores the best business bank accounts for entrepreneurs and startups in 2025, comparing features, benefits, and factors to consider when selecting a bank.

Why Do Entrepreneurs & Startups Need a Business Bank Account?

A dedicated business bank account is crucial for financial clarity and operational efficiency. Here’s why every entrepreneur and startup should have one:

1. Separation of Personal & Business Finances

• Helps in tracking business transactions easily.

• Simplifies accounting and tax filing.

2. Builds Business Credit

• Having a business account can help establish credit history.

• Improves chances of securing business loans and credit lines.

3. Easier Tax Preparation

• Organized financial records help during tax season.

• Allows for easy deduction of business expenses.

4. Professionalism & Credibility

• Customers and clients trust businesses with professional banking setups.

• Helps when working with vendors and partners.

How to Choose the Best Business Bank Account

Before selecting a business bank account, consider the following factors:

1. Fees & Charges

• Monthly maintenance fees

• Transaction fees (deposits, withdrawals, wire transfers)

• Overdraft fees

2. Minimum Balance Requirements

• Some banks require a minimum balance to avoid fees.

• Look for options with low or no minimum balance requirements.

3. Online & Mobile Banking Features

• Ensure the bank offers a user-friendly mobile app and online platform.

• Look for features like bill payments, mobile check deposits, and account alerts.

4. Integration with Business Tools

• Some banks offer integrations with accounting software like QuickBooks and Xero.

• Payment processing compatibility (PayPal, Stripe, Square).

5. Customer Support & Accessibility

• Availability of 24/7 customer support.

• Access to physical branches if needed.

6. Business Perks & Interest Rates

• High-yield business savings accounts.

• Rewards programs, cashback, and loan offers.

Best Business Bank Accounts for Entrepreneurs & Startups in 2025

Below are some of the top business bank accounts tailored for startups and entrepreneurs:

1. Chase Business Complete Banking

Why Choose Chase Business Complete Banking?

• No monthly fee if you maintain a $2,000 balance.

• Free business debit card with cashback rewards.

• QuickBooks and PayPal integration for easy financial tracking.

Best For:

Startups looking for a reliable traditional banking option with excellent online and in-person support.

2. Bluevine Business Checking

Why Choose Bluevine?

• High interest rate: Earn up to 2.00% APY on balances up to $250,000.

• No monthly fees or minimum balance requirements.

• Unlimited transactions with no overdraft fees.

Best For:

Entrepreneurs who want online banking with high interest earnings and no hidden fees.

3. Novo Business Banking

Why Choose Novo?

• No monthly fees or minimum balance requirements.

• Easy integration with Stripe, Shopify, and PayPal.

• Mobile-first banking with fast online approvals.

Best For:

Startups and e-commerce businesses looking for a digital-first banking experience with no hidden fees.

4. Mercury Business Banking

Why Choose Mercury?

• Designed specifically for startups and tech businesses.

• No minimum balance or monthly fees.

• Advanced features like API banking and virtual cards.

Best For:

Tech startups and businesses needing advanced banking features and API integrations.

5. Axos Business Interest Checking

Why Choose Axos?

• Earn interest (1.01% APY) on balances up to $50,000.

• No monthly fees if you maintain a $5,000 average balance.

• Free ATM withdrawals nationwide.

Best For:

Small businesses wanting interest-earning checking accounts with free ATM access.

6. Lili Business Checking

Why Choose Lili?

• Great for freelancers and solopreneurs.

• No minimum balance or monthly fees.

• Built-in expense tracking and tax tools.

Best For:

Freelancers and independent contractors needing simple banking with tax-saving tools.

7. Brex Cash

Why Choose Brex Cash?

• No fees, unlimited transactions, and high-yield savings.

• Instant payments and integrations with accounting software.

• Great for startups with VC funding and high growth potential.

Best For:

Funded startups needing expense management tools and scalable banking.

8. Square Business Banking

Why Choose Square Banking?

• Best for businesses using Square for payment processing.

• Instant access to sales revenue from Square transactions.

• Free business checking with no hidden fees.

Best For:

Retail and service businesses already using Square for payment processing.

Comparison Table of Best Business Bank Accounts

How to Open a Business Bank Account

Opening a business bank account is simple. Follow these steps:

Step 1: Choose the Right Bank

Compare features, fees, and benefits to find the best fit for your business.

Step 2: Gather Required Documents

Most banks require:

• Business registration documents (LLC, Corporation, Sole Proprietorship)

• Employer Identification Number (EIN) (or Social Security Number for sole proprietors)

• Owner’s identification (passport, driver’s license, etc.)

• Business license (if applicable)

Step 3: Apply Online or In-Person

• Many banks allow online applications with instant approvals.

• If needed, visit a local branch for account setup.

Step 4: Set Up Online Banking & Integrations

• Connect accounting tools like QuickBooks or Xero.

• Link payment processors (Stripe, PayPal, Square) for smooth transactions.