Top 5 Free Business Checking Accounts

Are you in search of the best free business checking accounts in the market? As almost all banks in India offer some form of a business checking accounts with no monthly fees. But there are some caveats. Free checking account in the banks require a minimum average deposit level so as to avoid monthly account maintenance fees. Also there will be some fees charged for accounts crossing a certain level of monthly cash transactions.

The bank also offers a free business checking account online to almost anyone who qualifies. Here are some banks offering completely free business checking accounts to get you started. The following business checking accounts will charge for overdrafts, excess cash transactions or deposits and other incidents.


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First Citizens Bank

Look for First Citizens Bank for individuals who want a great free business checking account. This bank offers checking account with no minimum balance fees and allows you up to 175 cash transactions per month and also allows $5,000 in cash deposits for free. Upon opening of checking account in First Citizens Bank, it offers a good reporting and monitoring tool. Also individuals can download their account data into Intuit, Quicken or QuickBooks. The bank also offers a Value Business Checking account, a free safe deposit box, for $25 per month to raise the transaction and cash deposit limits.

Capital One 360

If you are looking for a free Business Checking Accounts online, go for the Capital One 360® where it offers account at a great all-around selection for a person. If you are looking for a “big bank”, get from their online checking account. Capital One 360 is one of the most trusted financial brand in the market having a large fleet of ATMs across the country. So as to top it off, Capital One adds access to over 40,000 no-fee ATMs. The bank gives more value to your money deposits with free business checking account. No hidden fees are involved. It offers free MasterCard® Debit Card for all purchases and provide mobile check deposits with CheckMateSM along with one checkbook’s free.

Navy Federal Credit Union

Are you unaware of Navy Federal Credit Union? This institution is one of the best among others offering several business checking accounts. Navy Federal accounts have online and mobile banking offers and free bill payment online. These Navy Federal business accounts also earn interest to your account. But the monthly maintenance fees for your checking account ranges from 0 to $20. It also offers expensive accounts with more transactions per month.

EverBank Yield Pledge®

EverBank offers checking accounts at high interest. The checking account can be used as a savings account and you can make transfers or a partial direct deposit into this checking account. Also it offers a mobile app where you can deposit free checks, pay online bills, check balance and etc. It offers unlimited ATM reimbursements if you maintain a minimum balance.

PNC Bank

It offers free business checking account products for businesses that need frequent credit card payments. The bank offers free monthly fee on basic business accounts namely Checking ($12), Checking Plus ($20) and Checking Preferred ($50). The transaction and cash deposits on the three basic PNC accounts are 150/$5,000, 500/$10,000 and 1,500/$50,000 respectively.

So, greater the average daily balance you maintain, the more benefits will be thrown into the account package. So open the best checking account that suits your business and enjoy the services and benefits the bank offers on it.


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Mohit is Tech blogger. He contributes to the Blogging, Gadgets, Social Media and Tech News section on TricksTreat.