Bluevine Alternatives
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Bluevine offers a high APY and no monthly fees. But it has limitations. Find out if one of these business checking alternatives is better for you instead.
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Business Checking Account - $400 Bonus
- Open a new Truist Simple Business Checking or Dynamic Business Checking account online, via phone, or in a branch from 10/1/2025 through 4/2/2026 and earn $400 by making Qualifying Deposits* of $2,000 or more into your account within 30 days of account opening. Must be a new Truist business checking client, Terms Apply.
- Enrollment in the promotion is required at the time of account opening using promo code SB25Q4BIZAFL to be eligible for a promotion reward. Please refer to the Account Opening & Promotion Enrollment sections below for instructions.
- *Qualifying Deposits for new business checking accounts exclude debit card credit transactions and NSF fee refunds. Deposits can be made on a one-time basis or cumulatively over the 30 days.
Free Checking Account for Small Business Owners
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at approximately 40,000 locations
- Automatic Savings
- Get paid up to 2 days early
Bank of America® Business Advantage Banking Checking Account - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new eligible business checking customers only.
- Offer expires 12/31/2025.
- To qualify, deposit $5,000 or more in New Money* directly into a new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening.
- Maintain an average balance of $5,000 in that new Business Advantage Banking account during the Maintenance Period**.
- Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- *New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or
Merrill investment accounts.
- ** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
- Bank of America, N.A. Member FDIC
U.S. Bank Business Essentials - $400 Bonus
Promo code Q4AFL25 MUST be used when opening a U.S. Bank Business Essentials®, or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.
Earn your $400 Business Checking bonus by opening a new U.S. Bank Business Essentials account between 10/01/2025 and 1/14/2026. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening.
Qualifying transactions include debit card purchases, ACH credits, Wire Transfer credits and debits, Zelle credits and debits, U.S. Bank Mobile Check Deposit or Bill Pay or payment received via U.S. Bank Payment Solutions. Other transactions such as (but not limited to) other Person to Person payments, transfers to credit card or transfers between U.S. Bank accounts are not eligible.
New money is considered money that is new to U.S. Bank. Funds must come from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials Pricing Information Document for a list of fees.
Bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.
Offer may not be combined with any other business checking account bonus offers. Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.
All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials Pricing Information and YDAA disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.
Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice. Member FDIC
North One Free Business Banking - Up to 2.50% APY
- 2.50% APY on balances up to $250,000 for eligible customers
- Business banking for teams
- Automatic invoice ingestion and payments
- Sales and revenue analytics
- Unlimited account envelopes
- Close to 100 integrations
- Over $5000 in perks for new customers
- No monthly fees, no application fees, no minimum balance
North One is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, Member FDIC.
No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 3% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
Free Business Banking for the Self-Employed
- Banking, taxes, bookkeeping – all in one place
- Automatically find tax write-offs and save for taxes
- Track and categorize expenses with custom rules
- Free unlimited custom invoices
- Easy sign up; no credit check
Free Business Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- ATM fee refunds up to $7 per month
Basic Business Checking - Up to $200 Bonus
- Open a Basic Business Checking account using promo code START200 by June 30, 2026.
- Every dollar counts when you're starting out. That's why new businesses can earn up to $200 opening a new Basic Business Checking account today.
- No initial deposit requirement
- No minimum balance requirement
- No monthly maintenance fees
- Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
- Unlimited domestic ATM fee reimbursements
- Unlimited item processing (debits, credits, and deposited items)
- Cash deposits via MoneyPass and AllPoint networks
Bluevine is popular for its free business checking, high APY, and simple business financing.
But it won't be right for all businesses. Whether you're looking for better features or better customer support, there's an alternative here that's right for your business.
In this review, see how Bluevine compares to Novo, Lili, and other competitors. Plus, review the Bluevine pros and cons and what to look for in an account.
The Top 10 Alternatives to Bluevine
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| Alternative | Why it's better than Bluevine |
|---|---|
| Novo | Digital integrations |
| Lili | Accounting and tax tools |
| Mercury | Designed for tech startups; can connect you to investors |
| Chase | Includes card processing (better for small retailers) |
| Relay | Multiple accounts and cards for your whole team |
| NBKC | More banking services |
| Axos | Unlimited ATM rebates & free cash deposits |
| North One | More features and multiple cards |
| Live Oak | Higher APY for savings |
| Fundbox | Lower borrower requirements for financing |
While Bluevine does offer an excellent free business banking account, it's not perfect. Here are the top Bluevine alternatives for small business banking and financing.
Novo - Best for Tech-Savvy Businesses
Free Business Checking
- Minimum Deposit to Open: $50
- Balance Requirement: $0
- Monthly Fee: $0
- APY: N/A
- ATMs: Up to $7 per month ATM fee reimbursement worldwide
- Perks: Thousands of dollars in exclusive perks from popular business services
Novo is a digital-only banking service that lets you integrate your checking account with thousands of popular business apps, such as Shopify, Stripe, QuickBooks, and Slack.
Though Novo only offers a checking account, you can still create up to 20 "Reserves", or savings funds. This lets you put aside money for things like taxes or upcoming large purchases.
Novo doesn't offer interest; instead, it provides valuable discounts and rebates on leading business services, including QuickBooks, Slack, and Dropbox.
However, a downside is that Novo doesn't have options for cash deposits.
Bluevine vs Novo takeaway: Novo is best for tech-savvy businesses that use a lot of business tools and don't deal with cash.
Free Business Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- ATM fee refunds up to $7 per month
Lili - Best for Accounting and Tax Tools
Free Checking Account for Small Business Owners
- Minimum Deposit to Open: $0
- Balance Requirement: $0
- Monthly Fee: $0
- APY: N/A
- ATMs: Approximately 40,000 MoneyPass ATMs
- Perks: Get direct deposits up to 2 days earlier
Lili has built-in tools to help small business owners deal with taxes.
Lili offers a free Basic account with standard banking features (checking, debit card, ATM access, basic budgeting tools), but doesn't include interest on savings or full tax/accounting tools in the free tier.
If you upgrade (currently starting at $15.00/mo), you get a 3.00% APY on savings, along with bookkeeping, invoicing, transaction categorization, reporting, and tax planning tools (including a "Tax Bucket" for automatic tax savings).[1]
Under the paid plans, Lili will categorize your transactions, help you track business write-offs, and automatically set aside funds for taxes.
Lili doesn't issue physical checkbooks but provides a Mail-a-Check service that allows you to send a physical check to your payee for a fee.
Bluevine vs Lili takeaway: Lili has stronger built-in tax and accounting support (in paid plans), while Bluevine offers more traditional banking features (like checkbooks, outgoing wires, accounts payable) and strong invoicing/payment link tools, though less depth in tax planning.
Free Checking Account for Small Business Owners
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at approximately 40,000 locations
- Automatic Savings
- Get paid up to 2 days early
Mercury - Best for Startups
Banking for Startups
- Minimum Deposit to Open: $0
- Balance Requirement: $0
- Monthly Fee: $0
- APY: N/A
- ATMs: 55,000+ Allpoint ATMs
Mercury is a digital banking account built for tech startups. Your account comes with a checking and savings account bundle. It also offers exclusive savings on dozens of business software.
Mercury stands out for its free domestic and international USD wire transfers, multi-user access controls, and an optional Treasury account that lets startups earn yield on idle funds.
Mercury is not open to sole proprietors. You need to be a U.S.-based company and have an EIN to apply.
Bluevine vs Mercury takeaway: If you have a tech startup, Mercury may offer more of the modern banking features you need, especially for managing team finances and international payments.
Chase Business Banking - Best Big-Bank Option
If you're looking for a brick-and-mortar bank, Chase has one of the best small business checking accounts.
The Chase Business Complete Banking is an all-in-one account with checking and credit card processing. It comes with a mobile card reader that lets you take payments anywhere. You don't need to open a separate merchant account.
The biggest downside is that there is a monthly fee unless you keep a certain balance or meet other qualifying activities. The balance requirement can be high for very small businesses.
Bluevine vs Chase takeaway: Chase is a convenient business checking option for mobile sellers, small retailers, and food service businesses that need integrated payment processing and in-person banking.
Relay - Best for Co-owned Businesses
No-Fee Business Checking
- Minimum Deposit to Open: $0
- Balance Requirement: $0
- Monthly Fee: $0
- APY: Earn up to 3.76% APY: Earn 1.75% APY on monthly average savings balances of less than $10,000, 2.75% APY on monthly average savings balances between $10,000 and $50,000, and 3.76% APY on monthly average savings balances of more than $50,000.
- ATMs: 55,000+ Allpoint ATMs
- Perks: Up to 20 accounts, 50 debit cards, and free checks
Relay Financial is a business banking account built with growth in mind. You can open up to 20 individual business checking accounts. Plus, you can issue up to 50 debit cards and set spending limits for team members.
You can also earn interest with automated savings by automatically transferring excess money from your checking account into your savings.
Relay also lets you collaborate easily with your accountant or other team members. It has user permission settings so you can choose the level of access others get.
Bluevine lets you add other users too, but you can only open 5 subaccounts, for a total of 6 accounts with its free Standard plan.
Bluevine vs Relay takeaway: Relay is ideal for larger teams who need more separate checking accounts and flexible user access, whereas Bluevine only allows up to 5 subaccounts on its free Standard plan—for a total of 6 checking accounts.
No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 3% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
NBKC - Best Customer Service
NBKC (National Bank of Kansas City) is an online bank available nationwide.
Their business checking account is pretty basic and there's no interest. But it's as fee-free as you can get. In addition to $0 monthly fees, you pay nothing for overdrafts, stop payments, or incoming domestic wires.
And if you're looking for more than just checking, NBKC offers more services than Bluevine. It also offers business savings accounts, business credit cards, and treasury management services.
NBKC also has rave reviews for customer service that actually treats you like a human. Plus, the mobile app has excellent ratings.
Business Checking
- Minimum Deposit to Open: $0
- Balance Requirement: $0
- Monthly Fee: $0
- APY: N/A
- ATMs: 90,000+ surcharge-free ATMs worldwide
Bluevine vs NBKC takeaway: Bluevine has the superior checking account, but NBKC offers more full-service banking options and stands out for its customer service and highly rated app.
Axos - Best for ATMs and Wire Transfers
Axos offers a great Basic Business Checking Account with unlimited transactions and a lot of free features.
You get unlimited domestic ATM fee reimbursements, so you can use any machine you want without worrying about fees. Axos also supports cash deposits at MoneyPass and Allpoint ATMs (where accepted).
Another good benefit is the first 2 outgoing domestic wire fee reimbursements per month. Axos could be the better option if you occasionally send wires.
It also gives you the first set of 50 checks free, while Bluevine offers more ongoing value with 1 free checkbook for the life of the account on the Standard plan and up to 3 annually on higher-tier plans.
Axos also has a Small Business Interest Checking account with a decent APY. But this account has $5,000 minimum average daily balance requirement to waive the monthly service fee. And in exchange for interest, you don't get 2 outgoing domestic wire fee reimbursements, and there's a transaction limit.
Basic Business Checking - Up to $200 Bonus
- Open a Basic Business Checking account using promo code START200 by June 30, 2026.
- Every dollar counts when you're starting out. That's why new businesses can earn up to $200 opening a new Basic Business Checking account today.
- No initial deposit requirement
- No minimum balance requirement
- No monthly maintenance fees
- Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
- Unlimited domestic ATM fee reimbursements
- Unlimited item processing (debits, credits, and deposited items)
- Cash deposits via MoneyPass and AllPoint networks
Business Interest Checking - 1.01% APY
- Up to 1.01% APY**
- $100 minimum opening deposit
- Pay no monthly maintenance fee with an average daily balance of at least $5,000
- Unlimited domestic ATM fee reimbursements
- Up to 100 free items per month, $0.50 per item thereafter (includes debits, credit, and deposited items)
- Up to 60 items per month for Remote Deposit Anywhere (includes monthly per item processing limitation)
- Free online banking, image statements, and Bill Pay
Bluevine vs Axos takeaway: Axos's Basic Business Checking account offers good features like unlimited ATM fee rebates, free cash deposits, and 2 outgoing domestic wire fee reimbursements. But if your main priority is earning interest, Bluevine is still better.
North One - Best Extra Features
North One Free Business Banking - Up to 2.50% APY
- Minimum Deposit to Open: $50
- Balance Requirement: $0
- Monthly Fee: $0
- APY: 2.50% APY on balances up to $250,000 with eligibility requirements; 2.50% to 1.78% APY on balances over $250,000
- ATMs: 55,000+ fee-free Allpoint ATMs
North One is one of the most well-rounded online business accounts. However, it does not support international wire transfers.
Compared to Bluevine, NorthOne offers stronger features: you get debit cards for multiple owners, use "envelopes" (virtual sub-accounts) to allocate funds across expenses, and benefit from dozens of business app integrations.
You can create unlimited envelopes to set aside funds for different expenses. You can set up rules to automatically move a set amount or percentage of payments into your envelopes.
Like Bluevine, if you need to deposit cash, you can do so at 90,000+ Green Dot locations.
Bluevine vs North One takeaway: North One gives you more built-in financial tools and flexibility, but there is a $50 opening deposit, and it doesn't support international wire transfers. Which is better depends on which features matter most to you.
North One Free Business Banking - Up to 2.50% APY
- 2.50% APY on balances up to $250,000 for eligible customers
- Business banking for teams
- Automatic invoice ingestion and payments
- Sales and revenue analytics
- Unlimited account envelopes
- Close to 100 integrations
- Over $5000 in perks for new customers
- No monthly fees, no application fees, no minimum balance
North One is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, Member FDIC.
Live Oak Bank - Best for Business Savings
Business Savings - 3.00% APY
- Minimum Deposit to Open: $0
- Balance Requirement: $0
- Monthly Fee: $0
- APY: 3.00%
Live Oak is an online bank especially known for their savings products. It offers one of the highest interest rates for business savings accounts. You get 3.00% APY on all balances.
Unlike Bluevine, there are no special requirements to earn this APY. And there's no monthly fee or minimums.
Even if you use Bluevine for checking, you can put your savings into Live Oak to grow your reserves.
In addition to savings, Live Oak is also the number one SBA lender in the U.S. by volume. So it's also good if you may need a small business loan in the future.
Bluevine vs Live Oak Bank takeaway: Live Oak Bank offers a business savings account with a very competitive APY and minimal requirements, no monthly fees or minimum balance. Bluevine's checking account also earns a solid APY, but you'll need to meet certain monthly requirements to qualify.
Fundbox - Best for Business Lending
Fundbox is one of Bluevine's top competitors in the small business lending space.
Fundbox offers flexible lines of credit up to $250,000, the same as Bluevine. But Fundbox has lower borrower requirements. You only need $30,000+ in annual revenue to qualify[2] (compared to at least $120,000 a year with Bluevine).
When you draw on your line of credit, Bluevine gives you longer to repay. Bluevine's repayment term is up to 52 weeks, whereas Fundbox only gives you 12 or 24 weeks.
Fundbox also offers term loans that can be repaid over 24 or 52 weeks. A term loan may be the better option if you need to fund a one-time large purchase.
Both lenders offer fast decisions in minutes, no origination fee, and no prepayment penalty.
Bluevine vs Fundbox takeaway: Fundbox has lower requirements, but a shorter repayment term. You may also consider it if you need a term loan.
Bluevine Pros & Cons
Not sure if Bluevine or an alternative is better? Review these pros and cons to see if it's a good option for you.
What we like about Bluevine:
- 3.5% APY on balances up to $3M for Premier customers; 2.4% APY on balances up to $250,000 for Plus customers; 1.3% APY on balances up to $250,000 for Standard tier customers that meet monthly eligibility requirements
- Basic account is free
- Free checkbooks: 1 per lifetime (Standard), 2 per year (Plus), 3 per year (Premier)
- Free subaccounts: 5 (Standard), 10 (Plus), 20 (Premier)
- Up to 8 free additional debit cards for authorized users
- Ability to deposit cash at 90,000+ Green Dot locations and 1,500+ Allpoint+ ATMs
- No fee access to approximately 40,000 MoneyPass ATMs
- No fees for overdrafts or incoming wires
- Small business lines of credit up to $250,000
- Unlimited free branded invoices and payment links
Why Bluevine may not be for you:
- Cash Deposit Fees of $4.95 per deposit at Green Dot locations or $1 + 0.5% of the deposit amount at Allpoint+ ATMs
- There are requirements to earn the APY for the free account
- Very limited integrations
How to Choose the Right Business Bank
Digital banks have given small business owners a lot more options. But it can also be confusing to decide on the best one for your needs.
Here are some things to consider when deciding on the right bank for you.
Minimum balance requirements
Some banks require a minimum balance, or else there's a monthly fee. It doesn't need to be a dealbreaker as long as you can comfortably meet the requirements. Most of the ones on our list don't have a requirement.
ATM access
If you're going with an online bank, it's important to know which ATM network the bank uses. Make sure it's convenient for where you work/live.
Cash deposits
Does your business receive transactions in cash? If so, then it's important to pick a bank that has the ability to deposit cash. Some of the more tech-focused ones don't let you.
Software integration
If you use a lot of small business software, consider whether they will integrate with your new checking account. This matters because it could make your life easier. Bluevine doesn't offer a lot of integrations.
Ability to grow with you
As your business expands, you want your bank to be able to meet your growing needs. A downside of Bluevine is that its features are rather basic.
If you want to explore more options, check out the best bank account for small business.
Bottom Line
Bluevine offers a great basic checking account with an impressive interest rate. But it has limitations. There are lots of alternatives that have more to offer.
Before you open an account, think about what features are important to you and what you may need in the future. If you outgrow Bluevine later, it will be a pain to switch your entire business to a new checking account.
References
- ^ Lili. Lili Account Plans, Retrieved 10/13/2025
- ^ Fundbox. Do I qualify?, Retrieved 10/13/2025
Free Business Checking - Earn $500 Bonus
To earn the $500 bonus, customers must apply for a Bluevine Business Checking account anytime between now and 01/31/2026 using the referral code CD500.
After opening your account, deposit a total of $5,000 within the first 30 days. After 30 days, maintain a minimum daily balance of $5,000 while also completing at least one of the following eligibility requirements every 30 days for 90 days:
- Deposit at least $5,000 from eligible merchant services to your Bluevine account OR
- Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers OR
- Spend at least $2,000 on eligible transactions with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®
Banking services provided by Coastal Community Bank, Member FDIC
Free Business Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- ATM fee refunds up to $7 per month
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