Best Online Business Accounts [2026 updated]
New businesses need a dedicated account to separate company and personal funds. Online accounts are ideal for startups, SMEs, and sole proprietors, offering the flexibility to manage finances remotely via phone or laptop.
This guide covers five of the best U.S. online business accounts, including Wise – highlighting options with no ongoing fees, no minimum deposits, and multi-currency support.
➡️ Quick summary: Online business checking account
| 🏆Account | 💡 Details |
|---|---|
| Wise business account | Great for holding 40+ currencies with mid-market exchange rates |
| Revolut business account | Great for different plans to suit your business needs |
| Payoneer business account | Great for getting paid by customers and marketplaces |
| Bank of America Business Advantage Fundamentals account | Great for accessing in branch services |
| Chase Business Complete Checking account | Great for free cash deposits in a US bank branch |
What is the best online business account?
A range of online business account providers have emerged in recent years, each offering different plans — from multi-currency payment specialists to ecommerce integrations and niche markets like startups or freelancers.
This guide walks through the pros, cons, features and fees of 5 great picks to help you find the right one.
Do some research and compare providers to find the best fit. Here are a few things to consider:
| 💡 Important factors to consider | |
|---|---|
| 💰📥 Ongoing account fees | Especially important if you’re not sure how often you’ll use your account. Try an account with no ongoing fees like Wise Business if you’re just testing the water |
| 🌍💸 International features and costs | For getting paid by overseas customers and paying international suppliers or invoices. Multi-currency functions from providers like Wise or Revolut can cover all your bases here |
| 💳🏧 Debit and expense card availability | For easy spending and ATM cash withdrawals |
| 🏦🇺🇲 US branch network | Especially important if you transact in person and deposit cash or checks. US bank digital accounts, such as those from BoA and Chase may suit you in this case |
💼📲 Best online business accounts in the US 🇺🇲
The truth is that there is no single best online business account – it depends on how you’ll use your account day to day, what services you value, and what type of business you run.
Here we’ve profiled popular specialist services from Wise, Revolut and Payoneer, plus a couple of US banks, Chase and Bank of America, so you can compare their features and fees:
| Services / Provider | Wise Business Account | Revolut Business Account | Payoneer Business Account | BofA Business Advantage Fundamentals | Chase Business Complete Banking |
|---|---|---|---|---|---|
| 💰 Account opening fees | 31 USD | No account opening fee | No account opening fee | 100 USD opening deposit | No account opening fee |
| 💸 Monthly fees | No monthly fee | From 10 – 140 USD | 29.95 USD annual card fee | 16 USD monthly fee | 15 USD monthly fee |
| 📥 Minimum balance | None | None | None | None | None
|
| 💰 Transaction fees | Currency conversion from 0.57% Some free ATM withdrawals monthly**; low fees after | Currency exchange 0.6% once no fee allowance is exhausted 1% out of hours conversion fee, 2% ATM fee | 0.5% currency conversion fee 3.15 USD ATM fee | 3% foreign transaction fee Up to 5 USD ATM fee Incoming wires 15 USD | 3% foreign transaction fee Up to 5 USD ATM fee Incoming wires 15 USD
|
| 💳 Business debit cards | Available | Available | Available | Available | Available |
| 🏆 Best features | Hold and exchange 40+ currencies Mid-market exchange rates | Hold and exchange 25+ currencies Multiple account tiers | Multi-currency receiving accounts Integrations with platforms
| Branch service available Some free transactions included in account fee | Some free cash deposit services Branch service available
|
📌🌐 Methodology: We identified widely used online business accounts from specialist providers and major US banks, shortlisting five options covering different business needs (multi-currency, marketplace payouts, and branch/cash services). Each was compared on fees, minimum balance/deposit requirements, international features, card availability, and in-person services. Information was verified via official websites and is correct as of 22 February 2026. Fees, rates, and limits may change and vary by plan, region, and usage.
Wise business account
💡 Great for: businesses looking to grow internationally, which need to hold, exchange, spend, send and receive foreign currencies with low costs
Wise for business is a multi-currency online account which lets you hold dozens of currencies, and pay invoices around the world via BatchTransfer.
You’ll also get account details like an IBAN, account number and routing number for receiving USD and foreign currency payments, and can withdraw payments from platforms like Stripe into your account for ease.
Currency conversion with Wise uses the mid-market exchange rate with no markups. There’s just a small per transaction fee which is easy to spot, and can keep costs low overall.
You’ll also find there is no monthly fee or minimum balance to worry about, making this a flexible low cost option when you’re starting to grow your business across borders.
| Wise Business account features & pricing | |
|---|---|
| ⭐ Key features | Hold and manage 40+ currencies and send payments to 140+ countries Business debit and expense cards for spending and withdrawals in 150+ countries Local account details to receive payments in major currencies No monthly fee and no minimum balance requirement |
| 💰 Wise account and card fees | 31 USD one-time account opening fee Send cross-border payments from 0.57% 6.11 USD fee to receive a USD wire or SWIFT payment (ACH transfers are free) Some no-fee ATM withdrawals monthly*, low fees after that |
| 💱 Wise exchange rates | Mid-market exchange rate with no markup |
| 🌍 Supported currencies | Hold and manage 40+ currencies, send payments to 140+ countries Spend and withdraw in 150+ countries Receive payments with local account details in 8+ major currencies |
| 🔐 Is Wise safe to use? | Wise uses encryption, two-factor authentication, and fraud monitoring systems to help protect customer accounts and payments. Customer funds are safeguarded and held separately from Wise’s own operating funds Learn more on the Wise Safety and Security page. |
| 🏦 Eligibility | Available to US-registered business owners and self-employed individuals. To open an account you’ll typically need: • Personal ID and proof of address • Business registration details (such as EIN where applicable) • Company documentation depending on entity type (LLC, corporation, sole proprietorship, etc.) |
*Wise will not charge you for these withdrawals, but some additional charges may occur from independent ATM networks. About Wise pricing: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.
| Wise business pros | Wise business cons |
|---|---|
| ✅ Hold and exchange 40+ currencies ✅ Debit and expense cards available ✅ Mid-market exchange rates ✅ Send and receive low cost transfers ✅ No ongoing fees or minimum balance | ❌ 31 USD account opening fee ❌ Currency conversion costs from 0.57% ❌ No branch network
|
💡 If you’re not sure between a personal or business account, this guide might help you: Wise personal vs Wise business ⬅️ and Requirements to open a Wise Business Account
Revolut business account
💡 Great for: 25+ supported currencies plus accounts to suit your specific business needs, with 4 different plans available for customers in the US
Revolut customers can open a Basic account which comes with no ongoing fees but limited features, or upgrade to Grow, Scale or Enterprise plans.
Different account tiers have their own fees and features – Scale plans cost 140 USD a month, while Enterprise accounts are tailored to business needs.
Depending on your account plan you’ll get no-fee services up to predetermined limits, with low fixed fees after you exceed these.
That means you can choose to move to a higher tier of account when your business starts growing, right up to tailored enterprise level products.
| Revolut Business account features & pricing | |
|---|---|
| ⭐ Key features | Hold and transact in 25 currencies Physical and virtual business debit cards available Local USD account details and SWIFT details for receiving other currencies Multiple account plans designed for different business sizes and needs |
| 💰 Revolut account and card fees | Monthly fee from 0 – 140 USD depending on the account plan 2% ATM withdrawal fee |
| 💱 Revolut exchange rates | Revolut’s exchange rate on weekdays up to your plan allowance. Once exceeded, a 0.6% currency exchange fee applies. A 1% fee applies for out-of-hours conversions |
| 🌍 Supported currencies | Hold and exchange 25 currencies Receive USD locally and SWIFT transfers in other supported currencies |
| 🔐 Is Revolut safe to use? | Revolut uses encryption, biometric security, algorithms and fraud prevention systems to help protect customer accounts and transactions. |
| 🏦 Eligibility | US registered business owners and freelancers – Revolut is available in many other countries, so if your business is registered elsewhere you may also be able to open an account in that location. To open an account, you’ll typically need: • Personal ID and proof of address • Business registration details • Company documentation depending on entity type |
| Revolut business pros | Revolut business cons |
|---|---|
| ✅Pick from different account tiers depending on your needs ✅ Accounts with no ongoing fees available ✅ Hold and exchange 25 currencies ✅ Receive payments in USD and other currencies ✅ Some no fee transactions to plan limits | ❌ Top tier accounts have ongoing fees to pay ❌ 1% out of hours fee for currency conversion ❌ ATM fees apply to all withdrawals
|
Payoneer business account
💡 Great for: Businesses looking to combine income from several platforms into one account, and then manage their money directly from Payoneer rather than making withdrawals
Payoneer has solutions for freelancers, ecommerce sellers, small businesses and enterprise customers. As a specialist in business transactions, Payoneer is integrated with a range of freelance and marketplace platforms, so you can get paid through several routes, all into the same account.
You’ll also be able to charge clients in multiple currencies and then either manage your money in Payoneer or withdraw to a main account.
Check out the fees before you sign up – there are markups on currency conversion and fees for some payments and withdrawals.
| Payoneer Business account features & pricing | |
|---|---|
| ⭐ Key features | Sell and do business globally and bill in your client’s local currency with receiving accounts in several foreign currencies Integrate with 2,000 marketplaces like Shopify, Fiverr and Airbnb Pay contractors, employees and suppliers, or pay your VAT direct from your account Manage funds within Payoneer or withdraw to external accounts |
| 💰 Payoneer account and card fees | 29.95 USD annual card fee Annual account fees may apply depending on usage Variable fees to receive payments and withdraw funds 3.15 USD ATM withdrawal fee |
| 💱 Payoneer exchange rates | Currency conversion includes a 0.5% conversion fee. |
| 🌍 Supported currencies | Supports payments in 190+ countries and 70 currencies |
| 🔐 Is Payoneer safe to use? | Payoneer uses encryption, account verification, CAPTCHA requests, and fraud prevention systems |
| 🏦 Eligibility | Available to US-based freelancers and registered business owners. To open an account, you’ll typically need: • Personal identification and proof of address • Business registration details where applicable • Supporting documentation depending on business type |
| Payoneer business pros | Payoneer business cons |
|---|---|
| ✅ Industry specific services and products available ✅ Get paid to local receiving accounts in currencies like USD and GBP for free ✅ Capital advance services available ✅ Invoicing options – fees may apply ✅ Easy to use, including debit cards for eligible applicants | ❌ Variable and fairly complex fees ❌ 0.5% currency conversion fee ❌ Annual fees apply
|
Bank of America Business Advantage Fundamentals account
💡 Great for: Customers looking for a business account from a US bank which supports in branch transactions and cash deposits
The Bank of America business account products include several different options including the Business Fundamentals account which is a good place to start for newer businesses looking to manage their money in USD, with cash deposit and in branch services.
The account has a 100 USD opening deposit requirement as well as a monthly fee, but you can have this waived by meeting one or more of several different eligibility criteria, including maintaining a balance of 5,000 USD or more.
Accounts have some free transactions included in the monthly costs, but some transaction fees apply depending on the services you need.
| Bank of America Business Advantage Fundamentals account features & pricing | |
|---|---|
| ⭐ Key features | Business account from a major US bank In-branch support with cash and check deposit services Ways to have monthly fees waived based on balance or activity Business debit card included for spending and withdrawals Access to a full suite of financial products including credit cards and loans |
| 💰 Bank of America account and card fees | 16 USD monthly fee 3% foreign transaction fee Up to 5 USD ATM fee 15 USD incoming wire fee |
| 💱 Bank of America exchange rates | International transfers may include an exchange rate markup. Fees can vary depending on transfer type and currency route. |
| 🌍 Supported currencies | Account holds USD only International transfers available via wire |
| 🔐 Is Bank of America safe to use? | Bank-level security protections and fraud monitoring systems to help protect customer accounts and transaction |
| 🏦 Eligibility | US based registered business owners To open an account, you’ll typically need: • Personal identification and proof of address • Business registration documents • Employer Identification Number (EIN) where applicable • 100 USD opening deposit |
| Bank of America business pros | Bank of America business cons |
|---|---|
| ✅ Branch services when you need them ✅ You could qualify for fee waivers depending on how you use your account ✅ Upgrade to a different tier account with the same bank as your business grows ✅ Lots of other financial services offered, including credit cards and loans ✅ A well-known and reliable option | ❌ 16 USD monthly fee
❌ 100 USD opening deposit ❌ 3% foreign transaction fee for overseas card use
|
Learn more: Bank of America Business Account
Chase Business Complete Banking account
💡 Great for: US business owners who need to deposit cash or checks, and take card payments in person
The Chase Business Complete Checking account is a good starting account for US business owners, particularly if cash or check deposits are a feature that’s required.
Chase offers some free cash deposits monthly for eligible customers, as well as lots of other extras like ways to accept card payments in person.
Accounts hold USD only, but as Chase is a major bank you’ll also be able to get lots of other financial services including loans and credit if you need to.
There’s a 15 USD monthly fee, but this can be waived if you maintain a balance of 2,000 USD or more in the account.
| Chase Business Complete Banking account features & pricing | |
|---|---|
| ⭐ Key features | Ways to have the monthly fee waived based on balance or qualifying activity Cash deposit options, including some free transactions monthly Access to a full suite of banking products including credit and lending Ability to accept card payments using a Chase payment terminal |
| 💰 Chase business account and card fees | 15 USD monthly fee 3% foreign transaction fee Up to 5 USD ATM fee 15 USD incoming wire fee |
| 💱 Chase exchange rates | International transfers are likely to include an exchange rate markup. |
| 🌍 Supported currencies | Account holds USD only International transfers available via wire |
| 🔐 Is Chase safe to use? | Bank-level security protections and account monitoring systems to help protect customer accounts and transactions. |
| 🏦 Eligibility | US based registered business owners To open an account, you’ll typically need: • Personal identification and proof of address • Business registration documents • Employer Identification Number (EIN) where applicable |
| Chase business pros | Chase business cons |
|---|---|
| ✅ Large bank with good branch network ✅ Ways to have monthly fee waived are offered ✅ Some free cash deposit services available ✅ Accept card payments with a Chase card terminal ✅ A well-known and reliable option | ❌ 15 USD monthly fee ❌ No multi-currency holding options ❌ 3% foreign transaction fee
|
🌍 Best online international business accounts 💻
Businesses working internationally might need cost saving features like multi-currency account functions, local account details in foreign currencies, or cheaper ways to send and receive international payments.
From the 5 providers we’ve looked at earlier, 3 can be especially good for international businesses, here is a summary of their features:
- Wise business account: Feature packed multi-currency account, offering multi-currency receiving account options, low cost international payments to 140+ countries, mid-market exchange rates and a Wise Multi-Currency Card for global spending in 150+ countries
- Revolut business account: Hold and exchange 25 currencies, get local USD details and SWIFT account details for incoming foreign transfers, linked debit cards and lots more
- Payoneer business account: Receive payments in a selection of currencies, including from marketplace sites and PSPs, exchange currencies with relatively low fees and send money around the world
⚠️🏦 The 2 bank business accounts we touched on – from BoA and Chase – only allow you to hold USD, and may not really be optimized for international use. Exchange rates are also likely to include a markup, and incoming wire fees might be fairly high. You can learn more on our guides here:
- How to receive international wire transfer with Bank of America
- How to receive international wire transfers with Chase
🌍📥 If you’re looking to receive international payments regularly, this guide might be helpful: Best ways to receive payments internationally 💰
Online business account fees
While some business accounts are free to open, other factors like minimum deposit requirements, monthly fees, and transaction fees may apply.
💡 It’s crucial to weigh up these charges before picking the best option for your needs.
Here’s an overview of the key fees for the accounts covered earlier.
| Service fees/ Business account | Wise Business Account | Revolut Business Account | Payoneer Business Account | Bank of America Business Advantage Fundamentals Account | Chase Business Complete Banking Account |
|---|---|---|---|---|---|
| 📥 Account opening fee | 31 USD | No account opening fee | No account opening fee | 100 USD opening deposit | No account opening fee |
| 💰 Monthly or annual fees | No monthly fee | From 0 – 140 USD | 29.95 USD annual card fee | 16 USD monthly fee | 15 USD monthly fee |
| ➡️ Transfer fees | Mid market exchange rate Currency conversion from 0.57% | Revolut exchange rate to plan limit; then 0.6% fee 1% out of hours conversion fee 5 USD transfer fee once plan allowance is exhausted | Variable fees 0.5% currency conversion fee
| No fee for transfers sent in foreign currency – exchange rate markup applies | No fee for transfers sent in foreign currency – exchange rate markup applies |
| 💸 International transaction fees | No foreign transaction fee | No foreign transaction fee up to your plan’s FX allowance | Up to 3.5% foreign transaction fee | 3% foreign transaction fee | 3% foreign transaction fee |
| 💲 Receiving USD payments | 6.11 USD fee for USD wire and Swift payments (ACH is free) | May vary based on account tier | Transaction fees may vary depending on usage | Incoming wires 15 USD | Incoming wires 15 USD |
| ⬇️ Receiving international payments | Free to receive domestic payments with local account details for 8+ currencies (non-Swift/ non-Wire) | May vary based on account tier | Transaction fees may vary depending on usage | Incoming wires 15 USD | Incoming wires 15 USD |
| 💸 Other fees to consider | Some free ATM withdrawals monthly*, low fees after that | 2% ATM fee | 3.15 USD ATM withdrawal fee | Up to 5 USD ATM fee | Up to 5 USD ATM fee |
Details correct at time of research – 22nd February 2026. *Wise will not charge you for these withdrawals, but some additional charges may occur from independent ATM networks. About Wise pricing: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.
As you can see, each account has its own fees which are worth considering as you pick the account that will work best for you.
Here is a quick summary, before we go into more detail on each provider:
- Wise account has no ongoing costs and offers a very flexible multi-currency service with mid-market rates, making it a good pick for businesses which need to pay and get paid in foreign currencies regularly.
- Revolut also has good multi-currency features and lets you pick the account tier that suits your transaction needs – some fees apply to all accounts, such as a 1% out of hours conversion fee and a 2% ATM fee, so whether or not this suits you depends on your specific requirements.
- Payoneer, is best for businesses getting paid in foreign currencies by other Payoneer users, and then using funds to transfer out to Payoneer accounts or to pay suppliers without requiring currency conversion – fees are pretty complex so worth looking at carefully.
- If you’d prefer a bank business account, either Bank of America or Chase may suit. Both have ways to waive ongoing fees, and both allow cash deposits which can be handy. Chase has some free cash deposits and ways to get paid using a card terminal, which can also be useful features for some US business owners.
Best free online business checking accounts
No business banking service is truly free — charges such as account opening, maintenance, or transaction fees will likely apply depending on usage.
Compare providers’ fee structures to find the best balance of features and fees for you.
Here’s a quick overview of the free features of the accounts covered earlier:
| ⭐ Account | 💡 Details |
|---|---|
| Wise business account | No ongoing account fees, free to receive payments in many currencies, free to spend currencies in your account with your Wise Multi-Currency Card |
| Revolut business account | Some accounts with no ongoing fees, no fee to spend currencies in your account with your card |
| Payoneer business account | Variable fees based on account use, usually free to receive payments using local details |
| Bank of America Business Advantage Fundamentals account: | Have monthly fee waived with a minimum balance. Some free transactions are available monthly, but there is a 100 USD or more opening deposit. |
| Chase Business Complete Checking account: | Have monthly fee waived with minimum balance, some free cash deposits monthly |
Best online business bank accounts with no deposit
Some online business bank accounts don’t have minimum deposit requirements
for account opening – plus you’ll usually find no minimum balance requirements. However, holding a minimum deposit may mean lower fees in some cases.
Here’s a quick overview of the free features of the accounts we looked at earlier:
- Wise business account: No minimum balance
- Revolut business account: No minimum balance
- Payoneer business account: No minimum balance
- Bank of America Business Advantage Fundamentals account: No minimum balance. Have monthly fee waived with minimum balance of 5,000 USD
- Chase Business Complete Checking account: No minimum balance. Have monthly fee waived with minimum balance of 2,000 USD
How to open a business account online
Different providers and banks have their own processes for account opening, but generally it’s pretty easy to do.
➡️ To give an example, let’s look at how to open a business account online with Wise:
- Download the Wise app or open the desktop site and tap Sign up
- Register by entering your personal details and confirming you need a business account
- Follow the prompts to enter your business information and upload the required documents
- Once your account is verified you can order a card, and start to transact
📌 Usually you need some key information and documents to open a business account, which can include:
- Your name, nationality, birth date and address
- Your ID and proof of address
- Details of the business including trading name, and registered name where applicable
- Your business documentation, based on entity type – business licenses, registration numbers, partnership agreements or articles of incorporation for example
➡️📚 If you are interested in money transfer apps for international payments, this guide might help: Best international money transfer services for business ⬅️
Conclusion: Business checking account online
Online business accounts can be a great option both for new businesses, freelancers and more established companies looking to manage their finances conveniently and with low costs.
Banks in the US do often offer digital business accounts, but you may find you can get more features, including multi-currency functions and linked payment cards, from a specialist alternative like Wise, Revolut or Payoneer.
Use this guide to compare your options and get started.
Useful resources
- Wise Business Account (US): Business account features, supported currencies and eligibility details
- Wise Fees & Pricing (US): Up-to-date business account fees and currency conversion costs
- Wise Safety & Security: How Wise protects customer funds and accounts
- Revolut Business (US): Account plans, pricing and supported features
- Payoneer Pricing & Fees: Business account costs and currency conversion information
- Bank of America Business Advantage Fundamentals: Account features, fees and eligibility requirements
- Chase Business Complete Banking: Account fees, cash deposit limits and eligibility information
- U.S. Small Business Administration (SBA): Guidance on starting and managing a business in the US
- Consumer Financial Protection Bureau (CFPB): Business banking rights and financial education resources
