When it comes to business banking, you need a financial institution that can offer the right service and product mix for your business.

You may be tempted to choose the bank with the best promotional offers or lowest fees, but this can lead to problems down the road.

What are the Best Online Business Bank Accounts?

The best online business bank account is one that offers all of the following features:

Accessible Customer Support

If you have an issue with your account, you want support available 24/7.

Customer service representatives should be able to answer questions quickly, clearly, and accurately.

Comprehensive Online Banking Services

You should be able to manage every aspect of your business from online banking — including transferring funds, depositing checks and paying bills — without having to call customer support each time.

Convenient Mobile App

An easy-to-use mobile app is essential for managing your finances on-the-go and ensuring they stay secure while you’re away from the office (or just out running errands).

1. Novo      

 Novo is a global health care company with a mission to improve the health and well-being of people around the world. Our goal is to help people live longer, healthier lives by providing access to innovative medicines, health services and technologies.

Novo produces a broad range of prescription and over-the-counter pharmaceuticals, as well as active pharmaceutical ingredients. We also provide contract development and manufacturing services to other pharmaceutical companies, with a focus on biopharmaceuticals.

Novo’s businesses are organized into two operating segments: Pharmaceuticals and Consumer Healthcare. Each year we invest substantial resources in research and development (R&D) to support our long-term growth strategy. In fact, we spend more than USD 1 billion annually on R&D activities around the globe.

Best for having an online business account you can apply for in under 10 minutes           

 When you’re starting an online business and need to open up a new business account, it can be a pain. You have to go through all of these steps, fill out forms and jump through hoops. And that’s if you’ve already got your credit card processing all set up!

We know this because we’ve been there before. So when we decided to start our own online business, we made sure we found the easiest way to get started with a new business bank account.

And we did! The bank we chose is called Bank5 Connect and it’s amazing. Here are some of the reasons why: It’s really, really easy to get started with them (we could do it in under 10 minutes).

It’s free for 90 days (no hidden fees). You don’t have to store any money with them but they still give you access to their credit card terminal, which is awesome!

Features

 Novo is the best way to discover and watch the shows you love. We’re the only TV app that lets you create a personalized feed of movies and TV shows, and we’ll suggest new ones for you to watch.

Here are some of our awesome features:

– Watch live TV with no subscription or fees. Just pick your favorite channel, find it in our guide, and start watching!

– Create your own feed by following your favorite channels, shows and movies to get notified when they’re available on Novo.

– See what’s popular among other members of your community with our trending feed.

– Chat with other users while watching together through the app (upcoming feature).

Pricing 

 Novo is a monthly subscription service for women’s health products. You can get up to 10% off retail prices.

Novo has a wide range of brands and products in their store, including:

Menstrual cups

Pads and liners

Tampons

Diapers and training pants (cloth)

Sexual health products (lubes, condoms)

Toiletries (soap, shampoo, conditioner)

2. Mercury  

 Novo Pricing

Novo is a prescription medication used to treat type 2 diabetes. Novo is also sometimes used to help manage type 1 diabetes. Novo comes in tablet form and is taken by mouth, usually once or twice a day. Your doctor will determine the dose that is right for you and will monitor your progress closely.

Novo can be taken with or without food, but taking it with food may help reduce stomach upset. The following doses are based on the strength of the medication: Novo 25 mg tablets: Take one tablet once a day for 6 months. Then take two tablets once a day for an additional 6 months.

Novo 50 mg tablets: Take one tablet twice a day for 6 months. Then take two tablets twice a day for an additional 6 months.

Best for business banking for startups  

 Mercury is the closest planet to the Sun and the third-smallest planet in the Solar System. Mercury orbits around the Sun in just 88 Earth days. The planet’s orbit is highly eccentric, so it ranges from 46 million miles (74 million kilometers) to 70 million miles (113 million kilometers) from the Sun on its closest approach.

Mercury is a rocky world with an iron core, but it has a thin atmosphere made mostly of oxygen and other elements. The planet has no moons, but it does have an inconstant magnetic field that generates auroras at its poles.

These auroras were discovered in 1974 by Mariner 10, which flew by Mercury three times in 1974 and 1975 before being crashed into the surface by NASA on March 29, 1975.

Mercury has been visited by only one spacecraft — Mariner 10 — which passed Mercury three times between November 3, 1974 and March 29, 1975 (the encounter was extended due to an engine failure). No other missions have been attempted since then because of its small size (less than half that of Earth), proximity to the Sun (which would make solar power impractical) and lack of atmosphere or magnetosphere (which would make landing difficult).

Features             

If you’re starting a business, you need to get it off the ground with the right tools. That includes everything from office space and supplies to a budget and funding.

A good place to start is business banking — especially if your startup is going to be mobile or online-based.

Here are some of the best banks for small businesses:

  1. Chase Bank: Chase has been on top of the list since 2009, according to the American Banker’s annual ranking of small business financial institutions. The bank offers free checking accounts and business credit cards. It also provides online resources such as bill pay and e-commerce solutions.
  2. USAA: USAA is one of the only banks that caters exclusively to military members and their families — including veterans and retirees — so it may not be an option for everyone. But if you’re eligible, this bank offers great rates on savings accounts and CDs (certificate of deposit). It also has competitive rates on loans, including lines of credit and mortgages. You can even get insurance through USAA — including auto insurance, homeowner’s insurance and life insurance — without having to worry about exclusions or pre-existing conditions like most other insurers do!

Pricing 

 Mercury Pricing

Mercury is a powerful and versatile pricing solution. It has been designed to take your business from start-up to success. Mercury offers an advanced set of features that are easy to use and customize to fit your needs.

The base version of Mercury is available for free. There are no limits on the number of users, products, or customers you can have.

The base version includes all the core features of Mercury including price lists, discounts, promotions and more. For more information about pricing plans and an evaluation copy of our software please visit our website at http://www.mercurysoftware.com

3. NorthOne

 NorthOne is a leading developer of process and IT solutions for the pharmaceutical, biopharmaceutical and medical device industries. NorthOne has been providing outstanding solutions to the life sciences industry since its founding in 1997, with an emphasis on providing value-added services that are customized to meet our clients’ needs.

We provide solutions across the entire lifecycle of a product’s development from preclinical through commercialization and beyond. NorthOne supports our clients by providing a wide range of services:

Technology Solutions – Our technology solutions include software development, hardware development, data management, systems integration and application hosting services. We develop applications using a variety of technologies such as Java, .NET, XML and SQL Server.

We also have extensive experience in developing custom databases for pharmaceutical companies with secure access control requirements.

Business Process Services – NorthOne provides business process outsourcing services for clients that require cost savings or need assistance with project execution. Our business process outsourcing services range from integration and data management through full turnkey solutions including project management, engineering and software development services.

Systems Integration Services – NorthOne provides systems integration services ranging from design through implementation including system architecture design, software development, systems testing and support

Best for making deposits from anywhere in the world   

 This is the most user-friendly and versatile online bank in the U.S. It offers a wide array of products, including savings accounts, CDs, credit cards, IRAs and more. Alliant’s checking account is also a great choice for international travelers who want to make deposits from anywhere in the world.

You can use it to set up direct deposit from your employer or pay bills online. If you need to make a transfer from your Alliant account to another bank, you can do so with no fees. The only downside is that you’ll have to jump through some hoops if you want an ATM card that lets you withdraw money at foreign ATMs.

Features             

 NorthOne features a robust and scalable platform that enables a full suite of capabilities, including: – Online account management. NorthOne offers an online portal for account management that can be accessed from any web browser.

The self-service portal allows users to enroll, manage and track employee benefits, review coverage options and make changes to their coverage.

– Customized reporting. NorthOne provides the ability to easily customize reports to meet specific needs. For example, administrators can use the custom report builder to create reports detailing employee eligibility and enrollment, benefit plan contributions and expenses, claims activity and more.

– Member service center (MSC). The MSC is a customer support center that allows employees to submit questions or concerns about their benefits directly through an online portal or phone call.

Employees can also access the MSC via mobile devices (mobile app) or desktop computers (web-based app).

Pricing 

 NorthOne Pricing

NorthOne’s pricing is based on the number of contacts you have and the number of emails you send. There are no setup fees, no usage fees and no contracts. You’ll only pay for what you use!

Contact Price Per Contact**

0 – 1,000 contacts $5/month**

1,000 – 5,000 contacts $4/month**

5,000 – 10,000 contacts $2/month**

10,000+ contacts Free**

4. Axos Bank

 Axos Bank is a full-service bank that provides consumer and business banking products and services in the U.S. The company was established in 2011 with the goal of providing a superior banking experience to consumers and small businesses.

Axos Bank is a division of Axos Financial, Inc., which was founded in 2008 as a holding company for its principal subsidiary, Axos Financial Services, Inc. (AFS). AFS provides depository services through its subsidiary, Axos Bank, through which it offers checking accounts, savings accounts, money market deposit accounts and certificates of deposit. The company also operates technology platforms that support those products.

Axos Bank has more than $9 billion in assets under management and serves over one million customers nationwide.

Best for online and mobile banking, as well as personal loans, mortgages, and checking accounts

Chase is a major U.S. bank and credit card issuer. It’s also one of our favorite banks for its large number of branches, customer service, and great tools for tracking spending.

The Chase app has a robust mobile wallet feature that allows you to store your debit card information securely on your phone. You can then use the app to pay at any merchant that accepts contactless payments.

The wallet also supports credit cards from other issuers, which is helpful if you want to pay with a different card than you used to make the purchase.

You’ll enjoy a lot of perks with Chase Sapphire Preferred® Card — like travel credits worth $300 per year toward travel purchases (up to $100 per year in Uber rides), no foreign transaction fees when using your card abroad, and an automatic annual membership in the Priority Pass Select program (which includes access to more than 1,000 airport lounges worldwide).

Image (Alt text = “Axos bank homepage”)          

The Axos Bank website is a great example of how to use images to break up text on a page. The image above allows you to get an idea of what the bank looks like, but it also has an alt attribute with a description of the image.

This is important because while some visitors will be able to see the image, many won’t be able to see it. By adding an alt attribute, you can make sure that everyone visiting your site will still be able to get an idea of what’s going on.

The Axos Bank website is a great example of how to use images to break up text on a page. The image above allows you to get an idea of what the bank looks like, but it also has an alt attribute with a description of the image. This is important because while some visitors will be able to see the image, many won’t be able to see it.

By adding an alt attribute, you can make sure that everyone visiting your site will still be able to get an idea of what’s going on.

Features

Axos Bank has a suite of features that make banking easier and more convenient.

Features such as the mobile app, online banking, bill pay and other services are available to all customers. The following are some of the important features that Axos Bank offers:

Mobile App – You can access your account anytime, anywhere with the Axos Mobile App. It is available for both Android and iOS phones.

The app allows you to do things like deposit checks from your phone, transfer money between accounts, get real-time account balances and view transaction history.

Online Banking – All online banking functions are available through the bank’s website at axosbankonline.com or via the AXOS Mobile app for Android or iOS devices. You can perform tasks such as check balances, transfer funds between accounts, pay bills and more.

These services are free and available 24 hours a day, 7 days a week.

Bill Pay – This feature allows you to pay bills electronically through automatic debit from your checking account using a simple form on the website or mobile app. If you prefer paper checks, they will be mailed to your biller for no charge (unless there is insufficient funds in your account).               

Pricing 

 Axos Bank Pricing

Axos Bank offers a number of different checking and savings accounts, each with unique features. Below is a breakdown of the pricing for each account type.

Axos Bank has a number of checking accounts to choose from, including:

Basic Checking: This checking account comes with all the basics that you need in an everyday bank account, including:

No monthly fee

Free online banking services

Free mobile banking app

$10 overdraft protection fee per day if you don’t have enough funds in your account to cover a transaction or bill payment

Unlimited check writing and withdrawal transactions at any ATM that accepts debit cards issued by Axos Bank (1)

5. BlueVine

 BlueVine is a funding platform for small businesses, offering invoice factoring, payment processing and cash advance services. BlueVine was founded in 2013 by Mikkel Svane. The company is headquartered in San Francisco, California.

BlueVine operates on an SBA-guaranteed line of credit secured by the invoices that BlueVine purchases and sells to investors. BlueVine generates revenue through interest on these loans. BlueVine has made a total of $5 billion in loans since its founding in 2013, with over $3 billion being originated in 2017 alone.[4]

Best for flexible funding built specifically for business   

Funding Circle is an online peer-to-peer lending platform that allows investors to lend directly to small businesses. Lenders can search by industry and location or browse a list of the top-performing loans in their area.

Borrowers are rated based on their creditworthiness, which helps eliminate the problem of overborrowing. Best for flexible funding built specifically for business

LendingClub provides loans to consumers at rates that are often lower than those offered by traditional banks. The company operates a marketplace where borrowers can shop around for the best terms among approved lenders.

Borrowers can use LendingClub’s online tools to compare loan offers from different lenders, then apply online within minutes. If approved, they will receive funds within 24 hours of applying — no waiting for paper checks or document processing required!

Feature

 BlueVine is a new feature that will allow you to instantly receive a payment from a buyer’s bank account when they purchase your products. This feature allows you to keep your funds in your BlueVine account, earning interest each day until the transaction is fulfilled. You can withdraw these funds once the transaction has been completed, or use them for future purchases.

Here are some examples of what you can do with BlueVine:

1) Receive payments for items sold on eBay or Amazon without waiting for the buyer to send you their payment information

2) Send automatic invoices to customers after they place an order with you online

3) Offer financing options to customers who want to buy multiple items from your store but don’t have enough money upfront

Pricing

 BlueVine offers a flexible pricing structure that’s based on your credit limit and frequency of invoices. Our fees are calculated as a percentage of the total amount transferred, so there are no monthly minimums or hidden fees.

BlueVine Pricing – Transfer amounts of $1,000 or more:

– 1% (per transfer) for invoice payments

– 2% (per transfer) for ACH payments

6. Capital One

 Capital One is one of the nation’s largest banks. It offers a wide range of financial products to consumers, small businesses, and commercial clients. Capital One is also known for its innovative use of technology to improve its customers’ experiences.

Capital One was founded in 1988 as the credit card division of Signet Bank N.A., a Massachusetts-based savings bank that was acquired by General Electric (GE) in 1991.

In 1994, the bank became the first U.S. commercial bank to offer online banking services. Capital One acquired two other large credit card issuers, North Fork Bank and NBD Bancorp, in 1996 and 1998 respectively. The company also purchased SouthTrust Bank in 2004, which gave it significant presence in Alabama, Florida and Georgia. In 2008, GE sold Capital One to private equity firms BlackRock Inc., Great Hill Partners LLC and others for $9 billion.*

Best for protecting your credit score while checking if you’re eligible for a card

Discover’s Cashback Match™ is a feature that automatically doubles all the cash back you earn at the end of your first year as a cardmember. You can also get up to $300 protection on your cellphone (subject to $25 deductible), and $500 protection on your laptop (subject to $50 deductible).

The Blue Cash Preferred® Card from American Express

Best for cash back rewards and bonus categories. The Blue Cash Preferred® Card from American Express earns 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%), 3% at U.S. gas stations and select department stores, and 1% on everything else.

If you make 30 or more purchases per month, it comes with a 12-month 0% intro APR offer on purchases and balance transfers, which is one of the best offers out there for cards with an annual fee. There’s also an intro APR offer of 0% on balance transfers made within 60 days of account opening through February 28, 2022.

Features

 Capital One features, benefits and perks can help you save money on your credit card, including no annual fee and no foreign transaction fee. Capital One offers a range of credit cards with different features and benefits.

In addition to the standard Capital One credit cards, there are also student cards, business cards and prepaid debit cards. Below are some of the most popular features offered by Capital One: No annual fee.

All Capital One credit card accounts come with no annual fee. However, if you want to receive any rewards or cash back on your purchases, you will have to pay an annual fee (see below). No foreign transaction fees.

Many credit card companies charge a fee for each transaction made outside the United States. Capital One does not charge such fees for any purchases made in foreign currencies or at foreign merchants (with some exceptions).

Freeze & unfreeze your account online or by phone 24 hours a day 7 days a week

Specialized fraud protection services available for vulnerable populations like seniors and young adults who may be targets for identity theft Credit limit increases usually within 30 days of request

 Pricing 

 Capital One is one of the most popular credit card issuers in the country. They offer a wide variety of products, from secured cards to student cards to business cards.

Because Capital One is such a large company, they have a lot of different plans for their customers. Here’s what you need to know about Capital One pricing.

How Much Does Capital One Cost?

Capital One’s pricing is fairly simple and straightforward, but there are still some things that can make it confusing for consumers. Here are some important facts about Capital One pricing: There are no annual fees on any of their basic credit card products. This includes their secured credit cards and student cards.

However, there are annual fees on their business cards and premium cards.There are no foreign transaction fees on any card except for their premium cards (Platinum Prestige & Platinum Select). This means that if you use your Capital One credit card overseas, there won’t be any additional fees added onto your bill each month for using it outside the country!

7. Silicon Valley Bank  

 Silicon Valley Bank is a bank that provides banking services to companies and entrepreneurs in the technology, life sciences and cleantech sectors. The bank has locations in Silicon Valley, New York, Boston and Austin.

Silicon Valley Bank was founded in 1994 by Frank J. Quattrone, who was then a senior executive at Credit Suisse First Boston (CSFB).

Quattrone’s goal was to create a “bank for the new economy” that would focus on clients from the emerging technology sector.[1] The bank began operations with $1 billion in assets and has grown to $38 billion as of December 31, 2018.[2]

On July 2, 2015, Silicon Valley Bank announced a partnership with IBM Watson to provide financial advice for small businesses using artificial intelligence.[3] In May 2016, Silicon Valley Bank partnered with Foursquare to offer small business loans based on foot traffic data collected by the location-based social network.[4]

Best for helping companies that want to grow and thrive through the help of their relationship team    

 When you’re looking for a business relationship management platform, it’s important to find one that fits your needs. That can be tricky, since the term “relationship management” is often used as a catch-all for any CRM solution. But there are many different types of CRM systems available.

Some focus on sales territories or customer activity. Others help teams manage their workflows and communication with each other. And some platforms do both but only from within a single company.

If you want to help your team grow and thrive through the help of its relationships with customers, prospects and partners, then you need a relationship management (RM) platform that’s designed for that purpose.

Features 

 Silicon Valley Bank offers superior service and customer care to small businesses and their owners. As a US-based, full-service commercial bank, SVB has a proven track record of providing customized solutions to meet the needs of our clients.

With more than 40 years of experience in meeting the banking needs of technology companies and high-tech professionals, Silicon Valley Bank is uniquely positioned to help you grow your business.

We offer a wide range of innovative products and services designed to meet the specific financial needs of your company. Whether you’re looking for financing or advice on how to manage cash flow, we can help you minimize risk, maximize opportunities and achieve your goals.

Pricing 

 Silicon Valley Bank Pricing

Silicon Valley Bank offers the following pricing options:

Fixed-rate loans (rates depend on loan amount):

5/1 ARM – 0.25% above prime rate (prime rate is 3.75% as of 2/13/2016)

3/1 ARM – 0.25% above prime rate (prime rate is 3.75% as of 2/13/2016)

2/1 ARM – 0.25% above prime rate (prime rate is 3.75% as of 2/13/2016)

1/1 ARM – 0.25% above prime rate (prime rate is 3.75% as of 2/13/2016)

What are Online Business Bank Accounts?        

Online business bank accounts are perfect for small businesses, sole traders and freelancers. With no minimum deposit requirements and low monthly fees, you can set up your account in minutes.

You’ll be able to make payments and withdraw cash 24 hours a day with your card or by using your smartphone app. You’ll also be able to transfer funds between your other accounts within seconds.

Benefits of Online Business Bank Accounts

There are many benefits of opening an online business bank account:

Low setup costs – There’s no need to go into a branch to open your account. All you need is a valid debit card and some personal details such as name, address and email address. The entire process takes just minutes. There’s no minimum deposit amount required either, so you can start using the account straight away without having to wait for funds to clear or pay any additional fees!

24-hour access – Many online business bank accounts allow you to log in at any time of day or night and make payments or withdrawals whenever it suits you best. This means that if there’s an urgent situation at work or home that requires immediate attention then you can simply log into your online account and take care of the issue without having

Online Business Bank Accounts FAQ       

Why do I need a separate business bank account?

A business bank account is a separate account that you use to manage your company’s finances. You can also use this account to pay for expenses related to your business. It’s important to keep your business finances separate from your personal finances. This helps you avoid mixing up the two and prevents tax problems down the road.

What types of businesses need a business bank account?

All businesses, regardless of size or industry, should have a dedicated bank account for their business activities. If you plan on having employees or hiring contractors, then you’ll have additional expenses that will be paid from this account as well.

Your business bank accounts should be set up as soon as possible so that there aren’t any problems down the road.

How do I open an online business bank account?

The first step in opening an online business bank account is deciding which one will be best for your needs. There are many different options available, so make sure you look at all of them before making your final decision.

Once you’ve made your choice and decided on what type of banking services you want access to through this account, then it’s time to apply! Most banks require applicants

Can I open a free business bank account online?             

 A free business bank account can be an attractive option for small businesses. It is a great way to try out a new bank or to switch banks without spending any money. In fact, some banks will even pay you a small amount of interest on your balance if they think that you are going to be an active customer.

So can I open a free business bank account online? The answer is yes and no. The good news is that there are many companies that offer free business accounts of one kind or another. However, there are also a number of restrictions that apply in order for the account to remain free.

Here are some things you need to know before opening an account with any company:

Check the fine print Make sure you read all the terms and conditions carefully before signing up for any kind of account from any company. You don’t want to get stuck with hidden fees later on down the line or be forced into making unnecessary transactions just because they’re offered as part of their service offering.

Some companies will give you unlimited transactions but charge extra for certain features like checks or debit cards which can end up costing more than simply paying a monthly fee upfront and getting everything included in one price tag. Read reviews — Check out reviews from other customers who have

Which bank is best for an online business checking account?     

 Which bank is best for an online business checking account? In the past, there were many options for entrepreneurs to choose from when it came to opening a business checking account. The choices were limited to local banks or online banks.

And while there were advantages and disadvantages to each option, most small business owners could find a solution that worked for them.  Today, things are different. Today, you have access to the same features and services that large corporations do. Companies like Bank of America, Chase, Wells Fargo and more all offer competitive rates and features on their small business checking accounts.

But which one is right for you? It depends on your needs as a business owner and how much money you make in a year. Here’s what you need to know about each option:

Do online banks offer business checking accounts?         

 Yes, online banks offer business checking accounts. In fact, some of the best online banks offer business checking accounts that can be used for personal and small business use. Online banks typically offer a variety of different checking account options for businesses, including:

Business Checking Accounts – This type of account is used for small businesses and other money-making ventures. It offers all the benefits of a standard bank account, but with added convenience. You can access your funds online 24 hours a day from anywhere in the world, make deposits through direct deposit or mobile check deposit, and more.

Corporate Money Market Account (CMMA) – A CMMA is similar to a savings account but pays higher interest rates. These accounts are designed to help businesses manage excess cash flow while still earning competitive interest rates.

Final considerations to keep in mind when choosing the best online business bank account        

 A good business bank account is one that allows you to access your money quickly and easily. You also want to choose a bank that offers the services you need at a price that won’t break your budget.

Here are some final considerations to keep in mind when choosing the best online business bank account: Availability. Make sure that the bank you choose has branches near where you do business. If not, consider a mobile app or other technology to get around this problem.

Customer service. A good customer service department can make all the difference when it comes to making deposits or withdrawals, cashing checks and managing your account online.

The best banks offer 24/7 service via phone, chat or email. Online banking features. Online banking is available at most banks now, but some offer more robust services than others think bill pay options, online reporting tools and mobile check deposit capabilities.

Service fees and interest rates on deposits and loans. Some banks charge fewer fees than others while offering competitive interest rates on deposits and loans — including business lines of credit — which can help lower your overall costs over time.

Best Online Business Bank Accounts – Wrap Up

The following are the best online business bank accounts for your business:

Wells Fargo Business Accounts

Wells Fargo is one of the largest banks in the world, with over 6,000 branches and 13,000 ATMs across the country.

It offers a variety of banking services including checking, savings, and retirement accounts.

Wells Fargo also has an affinity credit card program which allows you to earn cash back when you use your card at certain retailers or restaurants.

Synchrony Bank Business Accounts

Synchrony Bank was founded by GE Capital in 2003 and has always been known as one of America’s most innovative financial institutions.

It offers a wide range of products including credit cards, loans, home equity lines of credit, and more.

The company also offers benefits such as free overdraft protection for all qualifying customers on their checking accounts, which can be used to pay back any loans that you may have taken out from them (up to $500 per day).