For freelancers, business bank accounts are a necessity. Through these accounts, freelancers can receive and send payments, manage finances, and more.

Finding the best business bank for freelancers to create a checking or savings account with can be a tough process with seemingly unlimited options. It’s important to understand the fees, ATM access, financial tools, and other features of available options. Business Bank Guide has compiled the key features and costs of leading business bank options to make your search simple. From well-known options to online banks, this guide will help you find the perfect business bank to create an account for your freelancer business.


NorthOne Bank Logo
  • Get a $10 credit* on your first month.
  • Easy signup in just 3 minutes. 
  • Large fee-free ATM network. 
  • Deposit checks directly through the NorthOne mobile app. 
  • Envelopes feature allows you to set aside money for taxes, savings, and more. 
  • Integrations with leading business tools including Shopify, Quickbooks, Stripe, and more. 
Lili Banking Logo
  • Built for freelancers and independent contractors. 
  • Expense management tool allowing you to categorize expenses and plan for taxes. 
  • Cashback when using your card at select vendors up to 3%. 
  • 1% APY interest rate for savings account. 
  • No account fees and no minimum balance requirements. 
Novo Bank Logo
  • Refunds on all ATM withdrawal fees.
  • Plugins with Quickbooks, Stripe, Shopify, and other business tools. 
  • Easy setup and quick online banking. 
  • Mobile check deposit is easy through Bank Novo’s mobile app.  
  • Novo Reserves makes it easy to save money and create new accounts. 
  • No monthly fee or minimum balance requirement. 
Blue Vine Logo
  • Earn 1% APY when your checking account balance is $1,000 or more. 
  • BlueVine offers paper checks for customers to send funds. 
  • Unlimited fee-free transactions. 
  • Large fee-free ATM network. 
  • No minimum balance requirement.
  • No monthly fee for banking use and low fees for outgoing wires and cash deposits. 
Axos Bank Logo
  • No monthly fees, transactions fees, or minimum opening deposit or monthly balance.
  • Unlimited ATMs fee reimbursements. 
  • Checking and savings accounts available through Axos. 
  • Money management tools and plugins with leading business solutions. 
  • Up to 1.00% APY.
  • Early Direct Deposit.
Bank of America Logo
  • Over 4,400 branches and 17,000 fee-free ATMs nation-wide. 
  • Monthly fees can be avoid when you maintain a $1,500 minimum balance. 
  • Easy-to-use mobile app and website. 
  • Additional savings and checking accounts can be created without monthly fees. 
  • Business Advantage Relationship Rewards program offers additional perks. 
  • No fee for first $7,500 in cash deposits. 
  • Free business checking account with no fees or minimum balance.
  • No overdraft fees or NSFs (Initial fees for going into a negative balance on your account).
  • Access to 37.000+ ATMS.
  • Up to $12 a month in ATM fees reimbursed.
  • Easy to use Mobile and Online Banking 24/7.
  • Competitive interest rates on deposit accounts of 0.15% APY.