To create this list, Forbes Advisor analyzed 226 business checking accounts at 79 financial institutions, including a mix of traditional brick-and-mortar banks and online banks. We ranked each account on data points within the categories of fees, minimum requirements, customer experience, digital experience, limits, features, APY and access.
Here’s the weighting assigned to each category:
- Fees: 30%
- Limits: 13%
- Features and integrations: 13%
- Minimums: 12%
- Customer experience: 10%
- Digital experience: 10%
- Access: 7%
- APY: 5%
The specific characteristics taken into consideration within each category included monthly fees, overdraft fees, ATM fees, minimum deposit requirements, minimum balance requirements, integration with accounting and payroll, merchant services, cash deposit and transaction limits, APY, customer service ratings, mobile and online access, ATM network and the national availability of the account.
Business checking accounts offering no or very low fees scored higher, as did those offering low minimum requirements, high customer service and digital experience scores, and reasonable transaction and cash deposit limits. To appear on this list, the business checking account must be nationally available.
To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Reviews Banks.
