Top Notch Free Enterprise Bank Accounts - June 2025 Edition
Going digital and saving some green? We've got you sorted.
Finding the perfect free business bank account can be as tough as landing a high-paying client in a competitive market. But fret not! We've done the grueling research to help you find the best options. Our Investopedia experts analyzed 13 popular no-fee business bank accounts based on 33 criteria. Check out the list below, sorted by category, and let our selected top choices simplify the process for you.
Best Overall : Axos Bank Basic Business Checking
No monthly fee | Unlimited free transactions | In-network ATM reimbursement | Cash deposit capability | No branches (digital bank) | No interest earned
If you're looking for a free business bank account with minimal compromises, Axos Bank's Basic Business Checking is a superb choice. Why go with Axos? Well, you'll get all essential features you'd expect from a business checking account, and that too, without any monthly maintenance fee.
Bonus perks include extensive ATM networks where you can deposit cash for free and unlimited ATM reimbursements if you can't find an in-network machine. And did we mention you don't have to worry about setting aside an initial deposit or maintaining a minimum balance? What's not to like?
Best for Customer Satisfaction: Amex Business Checking
No monthly fee | High customer satisfaction score | Decent APY | Earn Membership Rewards points | No branches or cash deposits | No ATM reimbursement
Want a bank that makes customers happy? American Express seems to be the place to go. Amex earned our highest customer satisfaction rating with a whopping 4.9/5 score, according to Investopedia's research and dozens of independent customer reviews.
This business account offers standard perks, but it goes the extra mile with features like spending rewards and a decent APY with zero requirements. However, you won't be able to make cash deposits or use out-of-network ATMs without extra fees.
Best APY: Bluevine Business Checking
No monthly fee | Above-average APY | Unlimited free transactions | Cash deposit capability (fee applies) | Accounts insured up to $3 million | No ATM reimbursement
Struggling to keep inflation at bay? A high-yield business checking account may be your best friend. Bluevine Business Checking provides a relatively high APY of 1.5% for balances up to $250,000, offering a fighting chance against the increasing cost of living.
Other perks include unlimited free transactions and cash deposits, as well as cashback and rebates on certain merchant and travel services.
Best for ATM Cash Deposits: Relay Business Checking
No monthly fee | Free ATM cash deposits (limits apply) | Multiple accounts and debit cards | Good customer satisfaction rating | No interest earned | Fees for outgoing transactions
Holding onto wads of cash is a hassle for most businesses. Relay Business Checking steps in to provide an easy solution: deposit up to $2,000 per day for free at Allpoint ATMs.
But if you find yourself needing more flexibility, you can make cash deposits at Green Dot locations for a fee. And with over 55,000 Allpoint ATMs in their network, you probably won't have to visit Green Dot locations often.
Best Fintech: Lili Business Checking
No monthly fee | No-frills business account | Mobile app convenience | Limited ATM network | No interest earned | No ATM reimbursement
Next-gen banking is here, and fintechs like Lili have taken the business world by storm. If you're looking for a simple, low-cost fintech business account, look no further. Lili's offering is surprisingly affordable but still provides the core features of traditional business checking accounts.
While their account offerings may not be as comprehensive, their highly-rated mobile apps make account management a cinch. You can even deposit cash for free at MoneyPass ATMs, up to $5,000 per month.
1. Why Trust Us
Investopedia was founded in 1999 and has been supporting small businesses with reliable banking recommendations since 2023. Our research and editorial teams spend hundreds of hours conducting independent research into small business bank accounts to bring you the most suitable options for a wide range of situations. Investopedia examined 13 popular business checking accounts without monthly fees, analyzing them based on 33 criteria and creating over 400 data points. This methodology ensures our recommendations are the best possible options available.
Methodology
Investopedia's dedicated research and editorial teams performed comprehensive research into small business bank accounts in April 2025. We evaluated 13 accounts from various banks, credit unions, and fintechs based on the following criteria:
- Fees - 34.5%
- Customer Satisfaction - 20.00%
- Limits - 17.50%
- Terms - 15.00%
- Availability - 13.00%
All data points were collected directly from company websites, with extra information gathered where necessary. Each account was objectively scored and ranked based on these criteria. Investopedia's full-time compliance team maintains this information to keep the content current and provide the most helpful recommendations for you.
These accounts offer a range of conveniences to make your business banking life a breeze. From high-yield APYs and no monthly fees to mobile money management and competitive customer satisfaction ratings, there's a free business bank account for every type of entrepreneur. Sit back, relax, and let Investopedia help you make the best choice for your business financings.
Sources
- Axos Bank - Axos Business Checking Account Overview; 2025. [Online]. Available: https://business.axosbank.com/solutions/checking-savings/business-checking/basic-business-checking.html.
- American Express - Business Checking Account; 2025. [Online]. Available: https://www.americanexpress.com/us/business/checking-account/.
- Bluevine - Business Checking Account; 2025. [Online]. Available: https://www.bluevine.com/business-checking/.
- Relay Financial - Relay Business Checking Account; 2025. [Online]. Available: https://www.relayfi.com/checking-account.
- Lili - Lili Business Checking Account; 2025. [Online]. Available: https://www.lilimoney.com/checking.
- Investopedia - Small Business Bank Accounts; 2025. [Online]. Available: https://www.investopedia.com/taxes/small-business-bank-account/.
- In the ever-expanding world of digital finance, Axos Bank's Basic Business Checking account, a no-fee account praised for its unlimited transactions and extensive ATM networks, could be seen as a viable alternative to traditional mining resources for modern-day businesses.
- For entrepreneurs looking to diversify their investments beyond conventional business ventures, the Lili Business Checking account offers a low-cost, fintech alternative that boasts a user-friendly mobile app, making it a potential contender in the growing DEFI landscape.
