7 Best Business Bank Accounts for LLC Owners in 2025 (Expert Picks)

Choosing the right business bank account for your LLC isn’t just a minor detail — it’s absolutely crucial for protecting your limited liability status. If you’re mixing personal and business finances, you’re putting your personal assets at serious risk.

I’ve spent years evaluating financial products for small businesses, and our team has reviewed over 250 small-business products and rated more than 60 business bank accounts. After all this research, I can tell you that the best bank for small business LLCs offers more than just a place to store your money — it helps with bookkeeping, builds business credit, and simplifies tax filing.

Fortunately, 2025 offers some excellent options. From Bluevine’s impressive 1.50% APY with no minimum balance requirements to Chase’s extensive branch network and $500 welcome bonus for new customers, the best business accounts for LLCs have never offered more value. Some standouts even provide specialized features like Relay’s capability to issue up to 50 debit cards for managing multiple LLCs, or Lili’s specialized tools for one-person businesses.

In this guide, I’ll break down the seven best business bank accounts for LLC owners — no complicated jargon, no fluff — just straightforward comparisons to help you make the right choice for your business.

Bluevine Business Checking

“Since 2013, Bluevine has made a name for itself in the business financing world. And in 2020, it branched out to offer business bank accounts.” — Business.org Editorial Team, Business finance experts at Business.org

Bluevine’s business checking stands out in today’s digital banking landscape with its combination of high-yield returns and minimal fees. As an online-first option, it delivers robust features designed specifically for small businesses and LLCs without the overhead of traditional brick-and-mortar banks.

Bluevine key features

Bluevine’s business checking account comes packed with features that make it attractive for LLC owners. The standout element is its high-yield interest rate — with their standard plan, eligible customers can earn 1.5% APY on balances up to $250,000. This rate significantly outperforms most traditional business checking accounts.

Furthermore, Bluevine provides FDIC insurance up to $3 million per depositor through Coastal Community Bank and their program banks, giving LLC owners peace of mind about their funds’ security.

The digital-first approach means you’ll never need to visit a physical branch. Instead, you get comprehensive online tools including:

Mobile check deposits from your phone
Bill management from a single platform
Same-day ACH, free standard ACH, and wire transfer options
Sub-accounts with unique account numbers for better cash flow management
Physical and virtual debit cards with customizable spending limits

Importantly, Bluevine allows you to securely share account access with team members or your accountant, giving each person a dedicated login, which is particularly valuable for multi-member LLCs.

Bluevine pros and cons

Pros:

No monthly fees, overdraft fees, or minimum balance requirements
Unlimited transactions with no limits
High interest rate of 1.5% APY for eligible customers
Enhanced FDIC insurance up to $3 million
Free access to 37,000+ MoneyPass ATM locations nationwide

Cons:

Can’t open joint accounts — potentially problematic for multi-member LLCs
Limited to 5 business debit cards total (1 for account holder, 4 for employees)
Cash deposits limited to $500 per deposit and $2,000 per day at Green Dot locations
Cash deposit fees of $4.95 at Green Dot locations
No weekend customer support available

Bluevine pricing

Bluevine offers three distinct pricing tiers to meet different business needs:

Standard Plan: $0 monthly fee, 1.5% APY on balances up to $250,000 (with qualifying monthly activity), up to 5 sub-accounts

Plus Plan: $30 monthly fee (waivable), 2.7% APY on balances up to $250,000, up to 10 sub-accounts, 20% off most standard payment fees

Premier Plan: $95 monthly fee (waivable), 3.7% APY on balances up to $3 million, up to 20 sub-accounts, 50% off most standard payment fees, priority customer support

To waive the Plus plan monthly fee, you must maintain an average daily balance of at least $20,000 and spend at least $2,000 with your Bluevine debit or credit card each billing period. For the Premier plan, the requirements increase to $100,000 average daily balance and $5,000 in card spending.

Bluevine best for

Bluevine is especially suited for LLC owners who prioritize high interest earnings and digital banking convenience. Specifically, it’s ideal for:

Online-first businesses with minimal cash handling needs
Solopreneurs and small LLCs looking to maximize interest on their operating capital
Businesses comfortable with digital-only banking (no branches)
Growing businesses that want to create multiple sub-accounts for organizing finances
LLCs looking for enhanced FDIC protection beyond the standard $250,000 limit

Overall, if you’re running an LLC that doesn’t require frequent cash deposits or extensive branch services, Bluevine offers an attractive combination of high interest, minimal fees, and solid digital banking features that make it one of the best business bank accounts for LLCs in 2025.

American Express Business Checking

American Express enters the business banking arena with a compelling digital-first checking option that merges its renowned customer service with modern banking features. For LLC owners seeking both financial tools and rewards, this offering deserves serious consideration.

American Express key features

American Express Business Checking delivers a fully digital banking experience with no branches, tellers, or waiting in lines. The account earns a competitive 1.30% APY on balances up to $500,000 – one of the highest rates available for business checking accounts.

The account seamlessly integrates with American Express’s popular Membership Rewards program, allowing you to earn 1 point for every $2 spent on eligible debit card purchases. These points can be redeemed as deposits directly into your business checking account or transferred to travel partners like Delta, Hilton, and Marriott.

Additional standout features include:

Mobile deposits via smartphone camera
Easy online funds transfers
QuickBooks accounting software integration
Fee-free withdrawals at over 70,000 MoneyPass and Allpoint ATMs nationwide
24/7 customer support from specialists

American Express pros and cons

Pros:

No monthly maintenance fees or minimum balance requirements
Competitive 1.30% APY on balances up to $500,000
No excess transaction fees and no charges for domestic incoming wires
24/7 customer support accessible by phone or online
Fee-free ATM access at over 70,000 locations
Membership Rewards integration for existing AmEx cardholders

Cons:

Cannot deposit cash whatsoever
No outgoing international wire transfers
Does not offer jointly owned accounts
Only issues one debit card per account (no employee cards)
2.7% foreign transaction fee on debit card purchases abroad

American Express pricing

American Express maintains a transparent fee structure with minimal charges. The account has:

No monthly maintenance fee
No minimum opening deposit requirement
No online transaction fees
No incoming domestic wire fees
No NSF (non-sufficient funds) fees
No stop payment fees

The only fees you might encounter are:

$10 for outgoing same-day domestic ACH transfers
$25 for outgoing domestic wire transfers
2.7% foreign transaction fee for international purchases

Moreover, American Express doesn’t allow overdrafts, so there are no overdraft fees to worry about. Your transaction will simply be declined if insufficient funds are available.

American Express best for

American Express Business Checking is ideally suited for:

Digital-first LLC owners who prefer online banking over branch visits
Businesses that rarely or never handle cash transactions
Solopreneurs who don’t need multiple debit cards for employees
Existing American Express cardholders who want to consolidate their rewards
Businesses with substantial operating balances seeking competitive interest
LLC owners who value 24/7 customer support accessibility

The account is also excellent for businesses that appreciate simplicity in their banking relationship. With minimal fees and straightforward pricing, you won’t need to constantly monitor your account for unexpected charges.

Although not suitable for cash-intensive businesses or LLCs with multiple owners needing equal account access, American Express Business Checking offers a compelling package for digital-oriented small businesses looking to earn while they bank. The combination of competitive interest rates, rewards on everyday spending, and round-the-clock support makes it a standout option among the best business bank accounts for LLCs in 2025.

Relay Business Checking

“It pays a solid interest rate if you meet certain requirements and offers unlimited free transactions. You also have the ability to deposit cash, which sets it apart from other online business accounts.” — Business Insider Personal Finance Team, Financial experts at Business Insider

As a cash flow management powerhouse, Relay takes business banking to the next level with its organized approach to financial control. This online banking platform stands apart with features specifically designed for LLC owners juggling multiple budgets, accounts, and team spending needs.

Relay key features

Relay’s standout capability is its ability to create up to 20 individual checking accounts under a single business name. This feature enables LLC owners to implement a digital envelope system for budgeting, with dedicated accounts for different expenses like marketing, operations, payroll, and taxes.

Beyond multiple accounts, Relay provides up to 50 physical or virtual debit Mastercards® with customizable spending limits. Each card can be linked to specific accounts, making expense tracking remarkably straightforward.

Other notable features include:

FDIC insurance up to $3 million through Thread Bank
Direct integrations with QuickBooks Online, Xero, PayPal, Stripe, and Square
Role-based user permissions for team members and accountants
Ability to create two business savings accounts earning up to 3.03% APY
Free incoming wire transfers and low-cost outgoing wires

Relay supports all business entity types, consequently making it accessible for multi-member LLCs, single-member LLCs, corporations, partnerships, and sole proprietorships.

Relay pros and cons

Pros:

No monthly fees or minimum opening deposit requirements
Unlimited fee-free transactions with no overdraft fees
Cash deposits available via Allpoint ATMs
No foreign transaction fees when using Relay Visa® Debit abroad
Account holders get assigned to a dedicated banker or support representative
Direct integration with accounting software and payment processors

Cons:

Deposited checks are held for up to 6-7 business days
No bill pay feature in the free plan
Some users report accounts being temporarily locked during verification processes
Limited to 10 accounts for sole proprietors/single-member LLCs vs. 20 for other entity types

Relay pricing

Relay maintains a transparent, fee-conscious approach with three distinct pricing tiers:

Starter Plan: $0 monthly fee with 1.03% APY on savings accounts. Includes all basic banking features, up to 20 checking accounts, and 50 debit cards.

Grow Plan: $30 monthly fee with 1.75% APY on savings. Adds multi-step bill approval rules, partial bill payments, and reduced ACH debit fees.

Scale Plan: $90 monthly fee (discounted from $120) with 3.03% APY on savings. Includes 10 free same-day ACH transfers monthly, bill payment automation, and cash flow insights.

Wire transfers cost $5 for domestic and $10 for international with the free plan, yet all wire transfers become free with Relay Pro subscriptions.

Relay best for

I’ve found Relay particularly well-suited for:

LLC owners managing multiple business entities from one platform
Businesses implementing the Profit First methodology for cash management
Companies with teams requiring different levels of financial access
Businesses seeking granular control over expenses through multiple accounts
LLC owners who need to separate funds for taxes, payroll, and operational expenses

Relay excels for growing businesses with 1-100 employees that need superior cash flow visibility and expense tracking. The platform is ideal for businesses seeking financial clarity without complex fee structures, making it one of the best business bank accounts for LLCs needing organizational tools rather than branch services.

Lili Business Checking

Lili offers a unique digital banking solution specifically tailored for freelancers and LLC owners seeking simplicity in their financial management. This mobile-first platform combines essential banking features with tax preparation tools designed to address the unique challenges faced by small business owners.

Lili key features

Lili provides a business checking account that works seamlessly across both mobile and desktop platforms. Account holders receive a Lili Visa® Debit Card with access to over 38,000 fee-free ATM locations nationwide. The platform enables global money transfers in as fast as 24 hours and offers early direct deposit capabilities—receiving funds up to two days sooner than traditional banks.

Furthermore, Lili stands out with its multi-business management capabilities, allowing entrepreneurs to manage up to four different businesses under a single login. Paid plans include BalanceUp, which provides fee-free overdraft protection up to $200 for qualifying users.

Additional features include:

High-yield savings account earning 3.00% APY on balances up to $1,000,000
Automated expense categorization for simplified bookkeeping
Role-based permissions for team members and co-owners
FDIC insurance up to $250,000 through partner bank Sunrise Banks

Lili pros and cons

Pros:

No monthly fees with the Basic plan
No minimum balance requirements or opening deposit
Automatic tax categorization simplifies tax preparation
Fee-free ATM withdrawals at MoneyPass locations
Early payment feature for faster access to funds
Ability to manage multiple businesses from one dashboard

Cons:

Cash deposits require Green Dot locations and cost $4.95 per transaction
Limited to only one debit card per account
No physical branches for in-person banking
Most advanced features locked behind paid plans
Limited weekend customer support (email only)

Lili pricing

Lili offers four distinct plan options with transparent pricing:

Lili Basic: $0/month with no minimum deposit required. Includes core banking features and emergency bucket savings.

Lili Pro: $15/month ($9/month for first three months) or $144/year. Adds tax bucket, 3.00% APY savings, BalanceUp overdraft protection, and expense categorization tools.

Lili Smart: $35/month ($21/month for first three months) or $336/year. Includes everything in Pro plus invoicing capabilities, multiple accounting reports, and Schedule C generation[212].

Lili Premium: $55/month ($33/month for first three months) or $528/year. Adds VIP customer service to all Smart features[212].

All paid plans come with a 30-day free trial.

Lili best for

Lili is ideally suited for:

Single-member LLCs seeking simplified banking without fees
Freelancers and independent contractors needing tax management tools
Digital-first businesses comfortable with mobile banking
Side hustlers wanting to separate business and personal finances
Entrepreneurs managing multiple business entities (up to four)
Small business owners looking to minimize banking costs while maximizing interest earnings

For LLC owners operating primarily online with minimal cash transaction needs, Lili provides an excellent balance of banking essentials and business management tools in one streamlined platform. Its tax preparation features and automatic expense categorization make it particularly valuable for self-employed individuals who handle their own bookkeeping.

Chase Business Complete Banking

Traditional banking meets modern business needs in Chase Business Complete Banking, a versatile account option for LLC owners seeking both physical and digital accessibility. Behind this account lies Chase’s extensive nationwide infrastructure combined with convenient digital banking tools.

Chase key features

Chase Business Complete Banking stands out with its blend of traditional and digital banking services. The account provides access to over 4,700 branches and more than 15,000 ATMs nationwide, giving LLC owners in-person banking options across 48 states.

A standout feature is Chase QuickAccept, which allows businesses to process credit card payments directly through the Chase Mobile app without requiring separate merchant services. These payments are deposited into your account on the same day at no additional cost.

Additionally, the account offers:

Unlimited electronic deposits and debit card transactions
Up to 20 free teller transactions and paper checks each month
Cash flow protection through check monitoring, payment limits, and account alerts
Online bill pay and mobile check deposit capabilities
24/7 live customer service support

Chase pros and cons

Pros:

Extensive branch and ATM network for in-person banking
No minimum deposit required to open an account
Multiple ways to waive the monthly maintenance fee
Same-day deposits for card payments via QuickAccept at no extra cost
Ability to issue multiple debit cards with separate PINs for business partners and employees

Cons:

$15 monthly maintenance fee if waiver requirements aren’t met
Limited to 20 free teller transactions and paper checks per month
Cash deposits limited to $5,000 per month before additional fees apply
$3 fee for withdrawals at non-Chase ATMs inside the US
No interest earned on the account balance

Chase pricing

The Chase Business Complete Banking account carries a $15 monthly service fee, yet offers several ways to waive this charge:

Maintain a minimum daily balance of $2,000
Spend at least $2,000 monthly using Chase Ink Business Card(s)
Process at least $2,000 in QuickAccept/Chase Payment Solutions transactions
Link a Chase Private Client Checking account

For transactions, the first 20 paper checks and teller transactions per month are free, with additional ones costing $0.40 each. Nevertheless, electronic deposits, ACH transfers, and debit card purchases remain unlimited and free.

Cash deposits are free up to $5,000 per month, after which a fee of $2.50 per $1,000 applies. Wire transfer fees vary, with domestic outgoing wires costing $25 online and $35 at a branch.

Chase best for

I’ve found Chase Business Complete Banking most suitable for:

New LLC owners seeking a traditional bank with physical branches and ATMs
Small businesses processing under $5,000 in cash deposits monthly
LLCs needing to issue multiple debit cards to partners or employees
Businesses looking to accept credit card payments without separate merchant accounts
Companies that can easily maintain the $2,000 minimum daily balance
Entrepreneurs who prefer face-to-face banking alongside digital tools

Firstly, this account works exceptionally well for LLCs just starting out, as it requires no minimum deposit to open. Secondly, it’s ideal for businesses that value having access to both digital services and in-person banking options across the country.

Axos Basic Business Checking

Digital banking gets streamlined with Axos Basic Business Checking, offering LLC owners a no-frills account that eliminates common fees while maintaining robust online functionality. As a fully digital bank, Axos delivers essential business banking services without the overhead of physical branches.

Axos key features

Axos Basic Business Checking delivers a comprehensive digital banking experience with zero monthly maintenance fees and no minimum balance requirements. The account includes free domestic incoming wire transfers and unlimited domestic ATM fee reimbursements.

Account holders receive access to:

The Axos All-In-One Mobile App for banking on the go
QuickBooks integration for streamlined bookkeeping
Free domestic and international incoming wires
24/7 digital banking access

Notably, new business owners can qualify for welcome bonuses of up to $400 when using promo code “NEW400” at signup.

Axos pros and cons

Pros:

No monthly maintenance fees[312]
No minimum deposit or balance requirements[311]
Unlimited transactions with no item processing fees
Unlimited domestic ATM fee reimbursements[313]
Two reimbursed domestic wire fees monthly

Cons:

No physical branch locations
Cash deposits limited to MoneyPass and AllPoint networks
Mobile app receives mediocre reviews from some users
No interest earned on the basic checking account
Early account closure fee may apply (up to $400)

Axos pricing

The Basic Business Checking account maintains a straightforward fee structure with no monthly maintenance fee[312]. Furthermore, there are no minimum deposit requirements to open the account[312].

Importantly, account holders can earn bonuses of up to $400 by maintaining certain balance thresholds:

$75 per statement cycle (up to $300 total) with $25,000-$49,999 average daily balance[312]
$100 per statement cycle (up to $400 total) with $50,000+ average daily balance[312]

Both bonus tiers require completing ten debit card transactions monthly (minimum $3 each)[312].

Axos best for

Axos Basic Business Checking is primarily suited for:

New LLC owners seeking a free online business account
Small businesses that rarely need branch services
Entrepreneurs wanting fee-free ATM access throughout the U.S.
Digital-first businesses comfortable with online-only banking
eCommerce merchants needing versatile digital tools

For LLC owners prioritizing minimal fees over physical banking locations, Axos delivers a capable digital platform that keeps more money in your business while providing essential banking services.

Mercury Business Account

Tech-focused entrepreneurs and startups will find Mercury Business Account tailored to their specific needs, with modern financial tools designed for digital-first businesses. This fintech platform offers LLC owners robust banking solutions through partnerships with FDIC-insured banks.

Mercury key features

Mercury provides checking and savings accounts with up to $5 million in FDIC insurance through partner banks and their sweep networks. Account holders receive both virtual and physical debit cards with customizable spending limits.

The platform excels with its tech-forward approach, offering:

API access for automating financial workflows
Free domestic and USD international wire transfers
Corporate credit cards with 1.5% cashback on all spending
Integration with QuickBooks, Xero, and NetSuite
Unlimited team member access with configurable permissions

Mercury Treasury, available to accounts with balances exceeding $500,000, enables businesses to earn up to 4.43% APY on idle funds.

Mercury pros and cons

Pros:

No monthly maintenance fees or minimum balance requirements
Free domestic and USD international wire transfers
Advanced banking tools including virtual cards and API access
Robust online banking interface rated highly by users
No overdraft fees or minimum balances

Cons:

Cash deposits are not accepted
No check-writing capabilities
1% currency exchange fee for non-USD international wires
Limited customer support options (email or in-app chat only)
Treasury account requires minimum $500,000 balance

Mercury pricing

Mercury offers three distinct pricing tiers:

Mercury Free: $0 monthly fee with essential banking features, unlimited bill payments, and team management.

Mercury Plus: $35 monthly fee, adding unlimited invoice generation, recurring invoicing capabilities, branded invoices, and ACH debit ($1.00 per transaction).

Mercury Pro: $350 monthly fee, including everything in Plus along with ACH debit (no per-transaction fee), expanded user reimbursements, and a dedicated relationship manager.

Mercury best for

Mercury is ideal for tech startups seeking digital-first banking solutions. Accordingly, it caters especially well to:

Foreign entrepreneurs establishing US-based LLCs who need remote account setup
Startups looking to connect with investors through Mercury’s network
Growing businesses seeking venture debt financing
Companies requiring seamless software integrations and API access
Tech-focused LLCs comfortable with digital-only banking

Indeed, Mercury has become popular among tech startups—more than half of Y Combinator cohorts choose the platform, resulting in a Net Promoter Score of 75, significantly above the industry average of 34.

Making the right choice for your business bank account for LLC requires careful consideration of your specific business needs. Throughout my research, I’ve discovered that banking solutions vary widely in their strengths and weaknesses.

Finding the perfect match ultimately depends on several crucial factors. For businesses handling substantial cash regularly, branch access becomes essential—making Chase an attractive option. Meanwhile, digital-first operations might prioritize high interest rates and minimal fees offered by Bluevine or American Express.

Fee structures represent another decisive element in your selection process. Subsequently, your decision may hinge on whether you prefer predictable monthly fees with comprehensive services or minimal fees with possible transaction costs. Equally important is determining which additional features matter most to your LLC—be it accounting software integration, multiple debit cards, or robust mobile banking capabilities.

Account management capabilities differ substantially across providers as well. In essence, some banks excel at supporting multiple user access with customized permissions, whereas others offer superior tools for managing separate funds within a single account.

Your business growth trajectory should likewise influence your decision. Newer LLCs might benefit from Lili’s simplified tax tools or Mercury’s startup-friendly environment. In contrast, established businesses with complex needs might find Relay’s multiple account structure more advantageous.

Understanding your banking patterns helps narrow options effectively. Consider how often you deposit cash, send wires, or need branch services. Likewise, evaluate whether high-yield interest on operating funds would significantly benefit your business model.

Beyond basic features, examine how each institution handles customer service—from dedicated account managers to self-service options. The right support structure can prove invaluable as your LLC develops and faces new financial challenges.

Comparison Table

Bank Name	Monthly Fee (Basic)	Min Balance	APY (Basic)	ATM Access	Cash Deposits	Notable Features	Best Suited For
Bluevine	$0	$0	1.50%	37,000+ MoneyPass ATMs	Via Green Dot ($4.95 fee)	Up to 5 sub-accounts, FDIC insurance up to $3M	Online-first businesses, solopreneurs
American Express	$0	$0	1.30%	70,000+ MoneyPass & Allpoint ATMs	Not available	Membership Rewards integration, 24/7 support	Digital-first businesses, AmEx cardholders
Relay	$0	$0	1.03% (savings)	Allpoint network	Via Allpoint ATMs	Up to 20 checking accounts, 50 debit cards	Multi-entity businesses, team spending management
Lili	$0	$0	3.00% (savings)	38,000+ ATMs	Via Green Dot ($4.95 fee)	Tax tools, manage up to 4 businesses	Single-member LLCs, freelancers
Chase	$15 (waivable)	$2,000	None	15,000+ Chase ATMs	Up to $5,000/month free	4,700+ branches, QuickAccept payment processing	Branch-dependent businesses, cash-heavy operations
Axos	$0	$0	None	Unlimited ATM fee reimbursements	Via MoneyPass & AllPoint	Up to $400 welcome bonus, free wire transfers	Digital-first businesses, new LLCs
Mercury	$0	$0	Up to 4.43% (Treasury)	Not mentioned	Not available	API access, tech integration, $5M FDIC insurance	Tech startups, foreign entrepreneurs

FAQs

Q1. What factors should I consider when choosing a business bank account for my LLC? When selecting a business bank account for your LLC, consider factors such as monthly fees, minimum balance requirements, interest rates, ATM access, cash deposit options, and additional features like multiple sub-accounts or integrations with accounting software. Your choice should align with your specific business needs and banking habits.

Q2. How much money should I keep in my LLC’s bank account? It’s generally recommended to maintain enough funds in your LLC’s bank account to cover two to three months of operational expenses. This ensures you can handle regular payments and unexpected costs. However, avoid keeping excessive cash that could be better utilized for business growth.

Q3. Are online-only banks suitable for LLC business accounts? Online-only banks can be excellent options for LLCs, especially those comfortable with digital banking. They often offer competitive interest rates, lower fees, and innovative features. However, if your business frequently handles cash or requires in-person services, a traditional bank with physical branches might be more suitable.

Q4. Can I use my personal bank account for my LLC? It’s strongly advised against using a personal bank account for your LLC. Having a separate business account helps maintain the legal separation between personal and business finances, which is crucial for preserving your limited liability protection and simplifying tax reporting and bookkeeping.

Q5. What are the benefits of having multiple sub-accounts for my LLC? Multiple sub-accounts can help you organize your LLC’s finances more effectively. They allow you to separate funds for different purposes such as taxes, payroll, and operational expenses. This approach can improve budgeting, simplify expense tracking, and provide a clearer overview of your business’s financial health.