Best Business Bank Accounts for LLCs
Compare seven LLC checking options by monthly fees, cash deposits, owner access and bookkeeping tools. See opening requirements for single- and multi-member LLCs.
By Alex Compton · Updated
Start with how your LLC receives and spends money. Bluevine fits digital operations that can meet its interest conditions; Chase fits branch cash handling; Relay fits budgeting across multiple accounts. The right choice also depends on who needs access and whether you already pay for bookkeeping software. Application eligibility and approval vary by provider and ownership structure.
Compare LLC checking fees and cash access
Monthly fees and yields use the linked review’s verification date. Cash-access details were checked 2026-10-22. Interest may require a separate savings account or paid plan; transaction fees can apply even with no monthly fee.
| Account and fit | Monthly fee | Interest | Cash deposits | Review terms checked |
|---|---|---|---|---|
| Bluevine Digital operating funds | $0 (Standard) | 1.3% variable APY on up to $250,000 with $500 monthly eligible Bluevine debit or Cashback Mastercard spend or $2,500 in monthly customer payments; paid Plus 1.75% up to $250,000, Premier 3.0% on all balances | Green Dot: up to $4.95 per deposit. Allpoint+: $1 plus 0.5% of the amount.Official details | 2026-10-22 |
| Chase Branch service | $15, waived each statement period with a $2,000 minimum daily ending balance, $2,000 eligible Chase for Business credit-card purchases, $2,000 eligible Chase QuickAccept or Chase Payment Solutions deposits, a qualifying linked Chase Private Client, JPMorgan Classic or Private Client Checking Plus account, or Chase Military Banking requirements | None | $5,000 in-branch cash per statement cycle at no extra charge; no additional charge for Chase ATM deposits.Official details | 2026-10-12 |
| Relay Envelope budgeting and teams | $0 (Starter) | Auto-savings pays 1.19% (Starter), 1.87% (Grow), or 3.21% (Scale) as of 10/5/2026 | Allpoint+ deposits: no surcharge, up to $1,000 each. Green Dot: retailer fees and separate limits.Official details | 2026-10-05 |
| nbkc bank Simple checking | $0 | None | Cash deposits at branches or eligible ATMs; check local deposit access.Official details | 2026-10-12 |
| Lili Tax savings and paid accounting | $0 (Core) | Savings pays 2.25% up to $500k and 4.00% on the portion from $500k to $1M (effective 1/13/2026) | Retail cash deposits are available; review the provider’s deposit method, limits and fees.Official details | 2026-10-12 |
| Found Bookkeeping and eligible tax payments | $0 (free tier) | None on the free tier; 1.50% up to $20,000 on Found Plus; 2.50% on all balances with no cap on Found Pro | Cash deposits supported; published limits are $2,000/week and $4,000/month, subject to approved changes and fees.Official details | 2026-10-12 |
| Novo Online sales and invoicing | $0 | None | No cash deposits.Official details | 2026-10-12 |
#1 · For interest on operating cash
Bluevine Business Checking
1.3% variable APY on up to $250,000 with $500 monthly eligible Bluevine debit or Cashback Mastercard spend or $2,500 in monthly customer payments; paid Plus 1.75% up to $250,000, Premier 3.0% on all balances
$0 (Standard)
None
Standard has no monthly fee, but earning interest requires qualifying monthly activity. Compare payment and cash-deposit charges before upgrading; Plus and Premier still charge for wires and same-day ACH.
Official features and terms · Guide checked 2026-10-22
#2 · For branch cash deposits
Chase Business Complete Banking
None
$15, waived each statement period with a $2,000 minimum daily ending balance, $2,000 eligible Chase for Business credit-card purchases, $2,000 eligible Chase QuickAccept or Chase Payment Solutions deposits, a qualifying linked Chase Private Client, JPMorgan Classic or Private Client Checking Plus account, or Chase Military Banking requirements
None
Compare Chase when teller access matters. Its monthly fee has several waiver routes, and its included in-branch cash allowance differs from ATM deposits. Multi-member or multi-manager LLCs generally need a branch application.
Official features and terms · Guide checked 2026-10-22
#3 · For separate budget accounts
Relay Business Banking
Auto-savings pays 1.19% (Starter), 1.87% (Grow), or 3.21% (Scale) as of 10/5/2026
$0 (Starter)
None
Starter includes 20 checking accounts per business for operating costs, taxes and reserves. Check user permissions and local Allpoint+ deposit access. Scale supports more accounts, but its advertised monthly price is a limited-time discount.
Official features and terms · Guide checked 2026-10-22
#4 · For simple bank pricing
nbkc bank Business Account
None
$0
None
Consider nbkc when a direct bank relationship and a short fee schedule matter more than bundled tax tools. Checking has no monthly service fee and offers ATM reimbursements, while wires and foreign-currency card transactions can still cost extra.
Official features and terms · Guide checked 2026-10-22
#5 · For automatic tax savings
Lili Business Banking
Savings pays 2.25% up to $500k and 4.00% on the portion from $500k to $1M (effective 1/13/2026)
$0 (Core)
None
Core offers basic banking without a monthly subscription. Pro adds tax categorization and automatic tax savings; Smart adds accounting and invoicing. Compare the regular subscription price with software you already use, rather than budgeting from the introductory discount.
Official features and terms · Guide checked 2026-10-22
#6 · For bookkeeping in the banking app
Found Business Banking
None on the free tier; 1.50% up to $20,000 on Found Plus; 2.50% on all balances with no cap on Found Pro
$0 (free tier)
None
The free plan includes expense categorization, invoicing and tax-form generation. Paid Plus and Pro add in-app quarterly federal tax payments for Schedule C filers. Check your LLC’s tax classification before choosing the account for that feature.
Official features and terms · Guide checked 2026-10-22
#7 · For digital sales and invoicing
Novo Business Checking
None
$0
None
Novo combines a no-monthly-fee account with invoicing and integrations for online businesses. It does not accept cash deposits. Its current sweep program can extend eligible FDIC coverage, subject to program terms and deposits held at the same banks.
Official features and terms · Guide checked 2026-10-22
How to choose an LLC business checking account
Estimate a normal month: cash deposits, checks, wires, ACH payments and people who need access. Then compare the total cost, including subscriptions and transaction fees. A cash-heavy shop and an online consultant can reasonably choose different accounts. Keep enough operating liquidity for payroll and bills; evaluate interest after fees and qualification requirements.
Documents to prepare before applying
Have formation documents, the business tax ID, physical business address, ownership details and identification ready. Providers may request an operating agreement and information about both substantial owners and the person who controls the business. Relay specifically requests a signed operating agreement for multi-member LLCs. Confirm the provider’s checklist for your structure, residency and industry before applying.
Can a multi-member LLC open its account online?
Sometimes, but there is no universal online-opening rule. Chase permits online applications for eligible single-member and single-manager LLCs with one authorizing representative; its instructions direct multi-member, multi-manager and certain other LLCs to a branch. Confirm who must attend or authorize the application, then set separate credentials and appropriate spending permissions for each user.
Single-member LLC does not always mean Schedule C
Federal tax treatment depends on ownership and elections. A single-member LLC is generally disregarded unless it elects corporate treatment; an individual owner may report activity on Schedule C, E or F. Domestic LLCs with at least two members generally default to partnership treatment. Match any tax software to the actual return you file. A fixed percentage of deposits is not a reliable tax estimate for every business.
Keep business and personal transactions separate
Use a dedicated business account and document owner contributions, distributions and reimbursements. Separate records make reconciliation and tax preparation easier and can support the distinction between owner and company. A bank account by itself does not guarantee liability protection; that depends on facts and applicable law.
Understand bank and fintech deposit coverage
Chase and nbkc are banks; the other providers listed use partner banks. FDIC coverage protects eligible deposits when an insured bank fails, not the failure of a fintech itself. Sweep programs distribute deposits among banks, but coverage depends on program conditions and other deposits in the same ownership category at each bank. Review the bank list before relying on an advertised multi-million-dollar limit.
How we compared these accounts
This shortlist compares seven options already covered in our account reviews. We prioritize operating cost, cash access, owner permissions and useful financial tools rather than a single highest APY or opening bonus. The table’s financial terms come from those reviews with their individual verification dates. Guide-specific features and application requirements were checked October 22, 2026. No account was opened or customer service tested for this comparison.
Common Questions
What is the best business bank account for an LLC?
The best fit depends on the LLC’s operations: compare Bluevine for interest-bearing digital checking, Chase for branches, Relay for multiple budget accounts, nbkc for simple bank pricing, and Found or Lili for financial tools. Novo fits online businesses that do not need cash deposits. Check fees, ownership eligibility and payment limits before choosing.
Which LLC checking accounts have no monthly fee?
Bluevine Standard, Relay Starter, nbkc, Lili Core, Found’s free plan and Novo offer a tier without a monthly subscription or maintenance fee. That does not make every transaction free. Chase Business Complete has a monthly fee with qualifying waiver routes; see the comparison and linked fee schedules.
What documents does an LLC need to open a bank account?
Common requests include formation documents, a tax identification number, business address, ownership information and owner or manager ID. An operating agreement may be required, especially for multiple members. Each provider sets its own checklist, and an online application is not a promise of approval.
Does every single-member LLC need an EIN for banking?
Bank requirements and federal tax requirements differ. The IRS says some disregarded single-member LLCs without employees or excise-tax liability do not need their own EIN for federal tax purposes, but a bank or state may still require one. Check the account’s application requirements.
Can a multi-member LLC open business checking online?
Some providers accept online applications, but the rules depend on ownership and signing authority. Chase directs multi-member or multi-manager LLCs to a branch. Prepare documents for the business and relevant owners, and check which people must authorize the opening.
Which accounts work for an LLC that deposits cash?
Chase offers branch and ATM deposits. Relay supports deposit-enabled Allpoint+ ATMs and Green Dot retailers; Bluevine also supports retail and ATM cash deposits with fees. nbkc supports branches and eligible ATMs. Check location availability, fees and daily limits. Novo does not accept cash deposits.
Should an LLC choose a bank account for a signup bonus?
Treat a bonus as a separate promotion with its own enrollment, funding, transaction and eligibility rules. Choose an account you can operate affordably after the promotion ends. An expired offer in an older article is not an available bonus.
Bottom Line
Shortlist two accounts based on how money enters and leaves your LLC, then compare a normal month’s costs and required owner access. Use the official application checklist before opening. A useful banking setup should simplify bookkeeping and cash flow without requiring features or subscriptions you will not use.
Updated 2026-10-22
Head-to-Head Comparisons
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