Business Bank Accounts
Separate your finances, simplify your workflow, and run your business like a pro.
Best Business Bank Accounts for Fractionals
We’ve handpicked the top business banks built for consultants, freelancers, and Fractionals to support how you actually work.
- $0 monthly fee
- 2.0% APY on balances up to $250K
- Up to 5 sub-accounts for budgeting or client separation
- Free ACH transfers and incoming wires
- Business debit card with no ATM fees at 37,000+ MoneyPass ATMs
- Access to flexible lines of credit
- Integrates with QuickBooks, Xero, and Expensify
- $0 monthly fee
- Free ACH transfers, mailed checks, and incoming wires
- Built-in invoicing, budgeting, and payment tracking
- Real-time expense insights with AI-powered categorization
- Fraud monitoring + virtual debit card for secure spending
- Integrates with QuickBooks, Stripe, Shopify, and more
- FDIC insurance up to $250,000
- $15 monthly fee (can be waived with $2,000 balance)
- Full-service in-branch banking at 4,700+ locations
- Accept and deposit physical cash and checks
- Same-day access to incoming wires and ACH
- Free online and mobile banking with advanced security features
- Easy connection to Chase Ink credit cards and merchant services
Business Bank Account - service comparison
Three vetted options for fractional consultants and independent founders
| Bluevine |
Most Popular
Novo
|
Chase | |
|---|---|---|---|
| Pricing | |||
| Monthly fee | $0No monthly fee | $0No monthly fee | $15Waived with $2,000 balance |
| APY on deposits | 2.0% APYOn balances up to $250K | ✕ | ✕ |
| Transfers and transactions | |||
| Free ACH transfers | ✓ | ✓ | ✓ |
| Free incoming wires | ✓ | ✓ | ✕ |
| Mailed checks | ✕ | ✓ Free | + Fee applies |
| Cash and check deposits | ✕ | ✕ | ✓ In-branch |
| Banking features | |||
| Sub-accountsFor budgeting or client separation | Up to 5 | ✕ | ✕ |
| Built-in invoicing | ✕ | ✓ | ✕ |
| AI expense categorization | ✕ | ✓ | ✕ |
| Line of credit access | ✓ | ✕ | ✓ |
| Virtual debit card | ✕ | ✓ | ✕ |
| ATM access | 37,000+ MoneyPassNo ATM fees | ✕ | 16,000+ Chase ATMs |
| In-person branch banking | ✕ | ✕ | ✓ 4,700+ locations |
| FDIC insured | ✓ | ✓ Up to $250,000 | ✓ |
| Integrations | |||
| QuickBooks and Xero | ✓ | ✓ | ✓ |
| Stripe and Shopify | ✕ | ✓ | ✕ |
| Expensify | ✓ | ✕ | ✕ |
| Credit card and merchant services | ✕ | ✕ | ✓ Chase Ink + merchant |
| Best for | Earning interest and organizing finances with sub-accounts. | Digital-first businesses needing invoicing and integrations. | In-person banking with nationwide access and a trusted brand. |
| Affiliate links — no extra cost to you | Start with Bluevine | Start with Novo | Start with Chase |
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Why Every Fractional Needs a Business Bank Account
Protect Your Personal Assets
Separate business + personal finances for liability protection.
Make Tax Season Easier
Separate accounts for easy filing and reporting.
Build Business Credibility
Accept payments like a real business - ditch Venmo.
Easily Expense Tracking
Sync with QuickBooks, FreshBooks, and other tools.
What You’ll Need to Open a Business Bank Account
-
LLC Formation Documents Proof of business registration (e.g., Articles of Organization)1
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Employer Identification Number Business tax ID issued by the IRS2
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Operating Agreement Outlines ownership and management (required by some banks)3
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Business License May be required based on your industry or city/state4
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Government-Issued ID Valid ID for identity verification (e.g., driver’s license or passport)5
How to Choose the Right Business Bank Account
From digital tools to in-branch support, here’s what to look for when picking a business-friendly banking partner.
Banking Style
Digital convenience or branch access - what fits your workflow?
Fees & Minimums
Check for monthly fees, minimums, and hidden charges.
Integrations & Tools
What works with your bookkeeping and payment platforms?
Transaction Volume
Ensure high usage won’t trigger added fees or penalties.
Cash Handling
Need to deposit cash? Prioritize ATM or in-branch support.
Scalability
Will this account still serve you well as your business grows?
Questions? We're Here to Help
Hey CMO is here to help you build, manage, and scale your Fractional business with the best resources.
