Best Business Bank Accounts for LLCs

Free at the Standard tier, 1.5% on balances up to $250,000 with an activity hurdle any operating LLC clears without trying, and FDIC coverage to $3 million. Fast online opening with light documentation for sole props and LLCs, sub-accounts for envelope budgeting, and a built-in accounts payable suite. The default answer for small-business checking.

If your LLC touches cash, Chase's $5,000 in free monthly cash deposits and 4,700+ branches solve what every fintech on this list cannot. The $15 fee waives at just $2,000 in balance or Ink card spend, and recurring sign-up bonuses make opening one frequently worth it on their own.

Up to 20 checking accounts and 50 debit cards on the free Starter tier turn Profit First from a spreadsheet theory into actual account structure, and Relay accepts cash deposits at Allpoint deposit-taking ATMs. Auto-savings pays 1.11% free, rising to 3.00% on the $90 Scale plan. Built for owners who think in buckets.

One of the shortest fee schedules in business banking: no monthly fee, no overdraft, NSF, or stop-payment fees, up to $12 a month in ATM rebates at any machine, and a real FDIC charter rather than a fintech wrapper. The companion money market pays 2.75% on reserves, quietly answering the yield question.

The free Core plan now includes savings at 2.25% on up to $500,000 with $3 million in sweep coverage, and the $15 Pro tier adds an automatic tax bucket that sets aside a slice of every deposit, plus a rare fee-free $200 overdraft cushion. Price the tiers at their post-intro rates before committing.

Found's free tier bundles auto-categorized bookkeeping, receipt capture, unlimited invoicing, and contractor 1099 tooling, and the paid Plus tier generates Schedule C and 1120/1120-S forms with in-app quarterly federal tax payments. The banking is ordinary; the tax automation is best in class for self-employed owners who dread quarterlies.

Truly free with no balance hurdles, unlimited free invoicing with payment acceptance, and Novo Boost, which speeds Stripe payouts by 2 to 4 business days at no cost. It refunds up to $7 a month in third-party ATM fees. It pays no interest, so pair it with a high-yield home for reserves.