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Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all account options available. *APY (Annual Percentage Yield). Rates / Annual Percentage Yield terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the financial institution for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.

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Updated on07/08/2025

10 Best Online Banking Accounts -
July 2025

Choosing the Best Business Bank Account for LLCs

When setting up your LLC, one of the most important steps is choosing the right business bank account for LLC to keep your personal and business finances separate. Many banks now offer specialized business accounts for LLCs, which provide the necessary tools and features tailored to the unique needs of limited liability companies. For LLC owners, selecting the best business bank accounts for LLC can make a significant difference in how efficiently you can manage your company’s financials. Whether you're searching for a business bank account for LLC with no deposit requirement or you want a checking account that’s free from monthly fees, there are a variety of options to consider based on your specific needs.

If you're a single-member LLC, you might want to explore the best business bank account for single member LLC options, which typically offer more straightforward setups and lower costs compared to multi-member LLC accounts. These accounts often come with features that are ideal for solo entrepreneurs, such as fewer hoops to jump through when applying or maintaining the account. Many LLC owners also prefer banks with business accounts that offer no-fee options. The best business bank accounts for LLC with no fees can help keep your overhead costs low, especially for startups or small businesses just getting off the ground. These accounts usually offer services like unlimited transactions, free online banking, and sometimes even free ATM withdrawals.

When thinking about how to open a business bank account for LLC, the process is usually simple but requires proper documentation. Most banks will ask for essential business details like your LLC’s formation documents, your Employer Identification Number (EIN), and proof of identity and business address. Having this paperwork ready will streamline the account setup and help you avoid unnecessary delays.

Selecting the best bank for LLC can also depend on the level of customer service, the convenience of online banking platforms, and the additional features that come with the account. Many banks offer robust online banking options with real-time tracking, expense categorization, and easy integration with accounting software, which makes managing an LLC’s finances much more efficient. Be sure to compare the various business bank account for LLC options to ensure that you’re choosing the most suitable one for your company’s needs. The right business checking account can simplify financial operations, help track expenses, and ensure your LLC complies with all necessary regulations.

What You Should Know About Online Banking for Business Accounts
Online Banking for Business Checking Accounts
Which Banks Offer the Best Business Checking Accounts and What Are the Benefits?
Online Business Accounts vs. In-Person Banking for Business
Different Types Of Online Banking Accounts
Is Online Banking Safe for Business Accounts?

What You Should Know About Online Banking for Business Accounts

Online banking provides a fast, easy way to manage both personal and business finances. A business checking account is especially beneficial for entrepreneurs, allowing you to handle essential transactions without needing to visit a branch. Through online banking, you can check your business account balance, make payments, deposit checks, and access funds whenever necessary. Understanding the basic features of business checking accounts can help streamline your financial processes and ensure your operations run smoothly.

Online Banking for Business Checking Accounts

With a business checking account, online banking opens a world of convenience, letting you manage everything from a desktop or mobile device. Previously, business owners relied on in-person bank visits for activities like depositing checks or transferring funds. Now, with a business checking account, these can be done faster, right from the office or home.

The best business checking accounts offer 24/7 access, letting you monitor balances, pay vendors, transfer funds, and manage essential transactions with ease. Setting up one of the best business checking accounts online is straightforward; once you've chosen a secure username and password, you’ll have full access. Security is crucial, so it’s advised that holders of the best business checking accounts keep login credentials private.

Many banks also provide apps tailored for business accounts, enabling users to manage their business checking accounts from anywhere. Using an app, you can log into your business checking account and access essential features like transaction history, account balance, and automated payment setup.

Which Banks Offer the Best Business Checking Accounts and What Are the Benefits?

Nearly all major banks and credit unions offer options for the best business checking accounts. With the best business checking accounts, you can perform tasks that are essential for managing a business, including:

Review your business checking account balance
Transfer funds to other accounts, including business savings accounts
Make payments automatically for recurring expenses
Pay bills through your business checking account
Apply for loans to support your business
Deposit checks via mobile, simplifying cash flow management
Generate statements for record-keeping and reporting
Track completed or pending transactions in your business checking account

Online Business Accounts vs. In-Person Banking for Business

There are numerous advantages to using online banking for business accounts instead of in-person banking. Key benefits of the best business checking accounts include:

Available 24/7 for checking balances or making transfers
Faster transfers, especially if both accounts are within the same bank
Save time by eliminating the need for in-branch visits
Access all your business checking account information, past transactions, and statements without additional documentation
Use your business checking account for all types of transactions, including payroll and supplier payments
Schedule recurring payments from your business checking account, minimizing manual payment tasks
Securely view your business account balance and receive alerts on new activity

One notable limitation of online business checking accounts is that they can’t dispense cash; ATM visits are still necessary for cash withdrawals.

Different Types Of Online Banking Accounts

Saving Account:

An online banking saving account is a secure and convenient way for individuals to save money and earn interest on their deposits. Operating entirely through online platforms, these accounts offer easy access to funds while eliminating the need to visit physical bank branches. With features such as online transfers, mobile banking, and automatic savings plans, customers can efficiently manage their savings from the comfort of their homes. Online saving accounts often come with competitive interest rates, allowing account holders to grow their savings over time. Additionally, many banks provide FDIC insurance to ensure the safety of deposited funds up to the specified limit. This type of account is ideal for those seeking flexibility, higher interest rates, and user-friendly banking experience.

Checking Account:

Online banking checking accounts are designed to facilitate everyday financial transactions and provide easy access to funds through digital channels. These accounts offer a range of features, including online bill payments, mobile check deposits, and real-time transaction monitoring. Account holders can make purchases with a linked debit card, transfer funds to other accounts, and manage their finances efficiently using online tools and applications. The convenience of online banking allows customers to check their balances, review transaction history, and receive alerts on their devices. With the added benefit of FDIC insurance, online banking checking accounts offer a safe and modern banking solution for individuals who prefer the flexibility of digital banking services.

Business Checking Account:

A business checking account is essential for managing daily transactions, handling payments, and keeping business finances organized. Business checking accounts include tools designed to help business owners streamline operations. Features include check-writing capabilities, debit cards, and options for electronic transfers. A business checking account is ideal for separating personal and company finances, ensuring clear financial records and smoother management. Banks also offer services such as payroll support and financial guidance, adding further value to the best business checking account options available.

Online business checking accounts, in particular, are becoming a preferred choice due to their convenience and competitive fees. With a business checking account online, entrepreneurs can stay on top of their finances, manage payments, and track balances in real time.

Is Online Banking Safe for Business Accounts?

For those concerned about security, online banking is indeed a safe option for managing a business checking account. Banks implement advanced encryption and security protocols to safeguard business account details and protect against unauthorized access. Business account holders should, however, adopt best practices, such as keeping login credentials secure, using password-protected networks, and enabling two-factor authentication for added security on their business checking accounts.

Using a business checking account through online banking is efficient, intuitive, and secure, making it an invaluable tool for modern businesses. Safe, fast, and user-friendly, a business checking account provides the reliability and flexibility needed for business success, all at your fingertips.

By focusing on the right options, you’ll find the best business account to fit your company’s unique needs. An optimized business checking account can streamline processes, cut down on costs, and make managing business finances simpler than ever. However, as a client, it’s your responsibility to adopt proper security measures to prevent anyone else from accessing your bank account. Here are a few basic security rules you should follow:

don’t let anyone know your online bank account credentials and keep them somewhere safe
only access your online bank account from a safe internet network that’s password-protected
enable 2-factor authentication on your account; this security measure involves using a unique code you receive by phone or email in order to authorize and complete online transfers

Online banking is an extremely convenient method to check your finances and make payments at any time of day or night. Safe, fast, and intuitive, this service can streamline your bank transactions and help you save time and money.

Disclaimers

Rho:

* $500 statement credit for a $10K deposit into the Business Checking account, or a $1500 statement credit for a $100K deposit into the same account. Terms apply.
**Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, N.A., member FDIC.
***Savings account services and up to $75M in FDIC insurance provided by American Deposit Management Co. and its partner banks. Rho a financial technology company, not a bank or an FDIC-insured depository institution. The FDIC's deposit insurance coverage only protects against the failure of an FDIC-insured bank that holds your deposits and is subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party. For more information on deposit insurance, please visit the FDIC website.

North One:

*The Annual Percentage Yield ("APY") for your Standard or Plus Plan is variable and may change at any time. 2.50% APY applies to Standard Accounts, and 3.00% APY applies to Plus Accounts on balances of $250,000 or less if eligibility requirements are met, including but not limited to a cumulative monthly card spend of at least $500.00, and if the account balance is greater than $0.00. For Accounts with balances over $250,000 the APY will range from 3.00% to 2.14% for Plus Plans and 2.50% to 1.78% for Standard Plans. The disclosed APY is effective as of December 18, 2024, please see your APY Program Terms & Conditions for details.
**2 North One does not charge a fee for this service, but may reimburse you for third party fees charged. You must contact Support to request reimbursement. Some restrictions apply. See Deposit Account Agreement for details.

Bluevine:

¹ No limit on numbers of transactions, However, all accounts are subject to the aggregated monthly deposit and withdrawal amount limits of the Account Agreement.

²You can earn $300 when you open a new Bluevine Business Checking account and meet elgibillity requirments

Live Oak Bank - Business Checking:

¹Fee structure for business checking accounts is as follows: Business Essential is $10/month waivable with $1,000 average daily balance; Business Plus is $25/month, waivable with $25,000 average daily balance; and Business Plus Analysis is $100/month, earnings credit can offset fees.
²If you use a non-Allpoint ATM, that institution may assess a transaction fee.
³Personal Savings $300 Bonus Terms & Conditions:
· Full information here.
· Customers must open a new account; one bonus per tax identification number.
· Account must be funded from an external account.
· Existing Customers must maintain existing balances in their personal savings accounts.

Axos:

*Open a business checking account by Jan. 31 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.

U.S Bank:

¹ Earn a $500 bonus when you open a Silver Business Checking Account or $900 when you open a Platinum Business Checking Account online with promo code Q1AFL25 and complete qualifying activities, subject to certain terms and limitations. Offer valid through March 31, 2025. Member FDIC.

Mercury:

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust, Members FDIC.
¹ Up to $5 million in FDIC insurance through their partner banks/sweep networks.
² Free wire transfers in USD. Mercury is a fintech company, not an FDIC-insured bank.
³ Mercury Treasury is not insured by the FDIC. Mercury Treasury are not deposits or other obligations of Choice Financial Group or Evolve Bank & Trust, and are not guaranteed by Choice Financial Group or Evolve Bank & Trust. Mercury Treasury products are subject to investment risks, including possible loss of the principal invested. See mercury.com/treasury for additional disclosures.
⁴ Deposits in checking and savings accounts are held by our banking services partners, Choice Financial Group and Evolve Bank & Trust ®; Members FDIC. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through insurance to apply.

Found:

Found is a financial technology company, not a bank. Business banking services are provided by Piermont Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category. The Found Mastercard Business debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted.

*To qualify for the $125 bonus, a user must (1) have a balance of $5,000 in their Found account within 30 days of account creation; and (2) must maintain a minimum balance of $5,000 for 30 days. Account must be opened by 04/30/2025. This offer is valid through 05/30/2025 and is limited to one reward per account.
.**Found's core features are free. Found also offers an optional paid product, Found Plus for $19.99 / month or $149.99 / year.

Relay:

Relay is a financial technology company, not a bank. Banking services and FDIC insurance are provided through Thread Bank; Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.

Frequently Asked Questions(FAQ)

Are Online Banks Safe?

We can say that generally, online banking is pretty safe. Banks have put mechanisms in place to protect your money as well as their reputation. You will notice that the URL begins with “https”, that means it is a secure website, and it will encrypt your information so that no one can see it.

Usually they require you go through a series of steps before you can log in. As mentioned earlier, they could send you a confirmation code on a message to your phone, they may use biometric technology if your phone allows you to. Some banks give you a card reader, it is a small device that generates a unique code every time you put your PIN number and log into their website.

And finally, good online banks will log you out automatically after a certain time of inactivity. Although it can be annoying sometimes, this feature enhances the safety of the system.

How Can I Secure My Online Bank Account?

Of course, there are steps you can take to enhance the security of your online bank account.

Don’t use the same password for several accounts.

Make sure your passwords are strong. Some people use words that are common for their password, or a series of keys that are near on the keyboard (like “qwerty” or “09876”). That’s not safe. Neither is it safe to use your personal details as part of your password. There is no need to mention how dangerous it is to share your PIN number or your password with other people. This should never be done.

When you finish your banking activity, don’t forget to log out. This is especially important if you have used someone else’s device. And be extra cautious if you are doing your online banking from a public computer, like the one in the library. It could be that the security level of their software is not what you need. You do well in asking about their software before attempting to bank on it.

Finally, keep an eye on your account. Small scams can go unnoticed, so regularly check that all the transactions in your account are correct, and make sure that your details are updated and correct. Some find it practical to set a reminder on their phones to do this regularly. If you see something you don’t recognize, report it quickly so that your bank can explain what it is or protect you from scams.

What’s the Difference Between Net Banking and Mobile Banking?

The truth is that both are related, but there are some differences too. Online banking or Net banking refers to all the bank transactions that we do over the internet using the bank’s website. In order to do that you usually have to create an ID and a password to log in. Whether the bank has a local branch or is only an online bank, once you access their website you can check your balance, print any statements that you need and even apply for a credit or a loan.

On the other hand, mobile banking usually requires the use of an application designed for tablets or smartphones. It can also refer to using text messages for certain bank transactions. The services you have access to are very similar and, since most mobile devices feature a camera nowadays, you can even make a check deposit by taking a picture of both sides of the check using your inbuilt camera and the banking app.

Other times, when the transaction is unusual, the bank may want to check that you are really the one ordering it. So it may ask you to confirm it on your app, or by asking you to use a code that they send to your phone via text message.

What Are the Downsides of Having Online Banks?

Nobody would disagree with the fact that online banking has many advantages. No more queues when you want to pay your bills or your taxes. You can also quickly make a cash transfer if you need to, or have a retirement account and make deposits on it to give you peace of mind.

However, all that glitters is not gold, right? What are the downsides of having an online bank?

To begin with, you lose that personal touch of interacting with another human. Usually, bank managers have some authority to make changes in their services, or even in cancelling some fees, while online banking is stricter.

What would happen if the internet goes down? Disruptions in technology can negatively affect your online banking. Problems with your phone, issues with the bank servers or lack of internet signal, you name it. All can easily disrupt your bank transactions.

Many are also concerned about security. Hackers are getting better and better: phishing emails, fraudulent websites that mimic your bank’s website, and identity theft are some of the dangers you are exposed to when you do online banking. But don’t worry too much, we will see how you can protect yourself in a minute.

What Are the Benefits of Online Banking ?

Keep an eye on your balance and transactions at any time
Save time in travelling to the bank’s branch and queueing
Do urgent transactions when and where you most need it
Add biometric safety measures
Save some money

The Bottom Line

online banking has come to stay. It obviously has many benefits, and also some downsides. But safely banking from your sofa is priceless! Don’t forget that there are several ways to bank now, and you don’t have to stick to only one. Although using a physical account as well as an online account can have some extra costs, if you think you need a bit of both worlds, you can have it! Only you can see what suits you or your business better.

10 Best Online Banking Accounts - July 2025

Choosing the Best Business Bank Account for LLCs

Choosing the Best Business Bank Account for LLCs

Disclaimers

Frequently Asked Questions(FAQ)

10 Best Online Banking Accounts -
July 2025