Finding the right business bank account can help your small business save money and stay organized. Based on deep research by Investopedia, the best overall small business bank account for April 2025 is Amex Business Checking.
It offers a low-cost, feature-rich experience that suits many business owners, especially those who operate mostly online and don’t need to visit bank branches.
Investopedia’s editorial and research teams thoroughly reviewed 21 different business bank accounts, looking at more than 400 data points across key areas like fees, interest rates, transaction and cash deposit limits, and account availability.
Whether you run a small shop or an online store, their top picks cater to a wide range of business needs—from simple accounts to those with more advanced features.
Top Small Business Bank Accounts – April 2025
- Best Overall & Best Online Business Checking: Amex Business Checking
- Best Alternative Online Business Checking: Axos Bank Basic Business Checking
- Best for Frequent/Large Cash Deposits: Chase Performance Business Checking
- Best for ATM Cash Deposits: Capital One Enhanced Checking
- Best for Earning Interest: Grasshopper Innovator Checking
Let’s break down the highlights of each option below.
Best Overall & Best Online Business Checking: Amex Business Checking
Rating: 4.8/5
Monthly Fee: $0
Minimum to Open: $0
APY: 1.30% on balances up to $500,000
Free Transactions: Unlimited
Cash Deposits: Not supported
Why It’s Great
American Express offers an excellent option for small business owners who want a low-cost, easy-to-use checking account. There are no monthly fees, no minimum balance requirements, and you can make unlimited free transactions.
Even better, this account pays 1.30% interest (APY) on balances up to $500,000, which is significantly more than the national average of 0.07% for business checking accounts. It also comes with a debit card that earns Membership Rewards points, and Amex usually includes a sign-up bonus in the form of reward points.
Since Amex is online-only, you won’t be able to deposit cash or visit a physical branch. But with 24/7 customer support, help is always just a phone call away.
Best Online Business Checking (Alternative): Axos Bank Basic Business Checking
Rating: 4.5/5
Monthly Fee: $0
Minimum to Open: $0
APY: 0.00%
Free Transactions: Unlimited
Cash Deposits: Not supported
Why It’s Great
Axos offers a straightforward online business checking account that comes with no monthly fees, no minimum opening balance, and unlimited transactions at no cost.
Axos also gives free domestic and international incoming wire transfers, and it reimburses all ATM fees in the U.S. This can help business owners save money over time. However, like Amex, Axos doesn’t support cash deposits and doesn’t have any physical branches.
It’s ideal for digital businesses or service providers who rarely deal with cash.
Best for Handling Large or Frequent Cash Deposits: Chase Performance Business Checking
Rating: 3.9/5
Monthly Fee: $30 (can be waived)
Minimum to Open: None
APY: 0.00%
Free Transactions: 250 per month
Cash Deposit Limit: $20,000 free per month
Why It’s Great
Chase’s Performance Business Checking is built for businesses that often handle large amounts of cash, like retailers or restaurants. You can deposit up to $20,000 in cash for free each month, and after that, there’s a reasonable fee of $2.50 per $1,000.
The account includes 250 free transactions monthly, with each additional transaction costing $0.40. While it has a $30 monthly fee, you can waive it by keeping an average daily balance of $35,000 across eligible accounts.
This account also offers free incoming wires (domestic and international) and two free outgoing wires per month. It’s a strong choice if you need access to physical branches and teller services.
Best for ATM Cash Deposits: Capital One Enhanced Checking
Rating: 4.8/5
Monthly Fee: $35 (waivable)
Minimum to Open: None
APY: 0.00%
Free Transactions: Unlimited
Cash Deposit Limit: Unlimited at Capital One and Allpoint ATMs
Why It’s Great
If your business receives a steady flow of cash and you prefer using ATMs for deposits, Capital One Enhanced Checking is a solid option. It offers unlimited cash deposits at Capital One and Allpoint ATMs.
Although you can’t deposit cash at a teller and the account has a $35 monthly fee, that fee is waived if you maintain an average balance of $25,000. You also get five free outgoing wires per month and two free Basic Checking accounts, which can save you even more.
Keep in mind that Capital One has fewer than 300 full-service branches, so it’s best for business owners comfortable with digital banking and ATM usage.
Best for Earning Interest: Grasshopper Innovator Checking
Rating: 4.0/5
Monthly Fee: $0
Minimum to Open: $100
APY: 1.00% – 1.80%
Free Transactions: Unlimited
Cash Deposits: Not supported
Why It’s Great
If you want your checking account to earn competitive interest, Grasshopper Innovator Checking offers some of the highest APYs in the market for business accounts.
- 1.00% APY for balances up to $24,999.99
- 1.80% APY for balances from $25,000 to $250,000
- 1.00% APY for balances over $250,000
Additionally, it provides 1% cashback on eligible debit card purchases and lets you create virtual cards for easier and safer online transactions.
There are no cash deposit options, no physical locations, and no overdraft protection. But if you manage your money online and don’t deal with physical cash, this account can help your balance grow more than most traditional business checking options.
Why You Can Trust This Guide
Investopedia has been a trusted source of financial information since 1999. Their team of full-time researchers and editors gathered unbiased, independent data on small business checking accounts to help business owners make informed decisions.
In January 2025, Investopedia reviewed 21 checking accounts from 10 major banks. They assessed each account across 21 different categories, including fees, interest rates, transaction limits, and more—totaling over 400 data points.
This detailed evaluation helps ensure that every recommendation is based on facts, not opinions.
How They Chose the Best Accounts
The accounts were scored based on:
- Fees (35%) – Maintenance charges, ATM fees, wire fees, etc.
- Terms (35%) – Interest rates (APYs), balance requirements
- Limits (20%) – Transaction caps, deposit limits
- Availability (10%) – Online access, ATM networks, branch access
Information came directly from banks’ websites and customer service representatives. A dedicated compliance team keeps the content updated to reflect any changes.
If you’re running a small business in 2025 and want a checking account that matches your specific needs—whether that’s low fees, high interest, or easy ATM access—these accounts are some of the best choices available right now.
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