1. Capital One Business Account

There are many banks that offer business checking accounts, but so very few offer low or no fees for having your account. To find the best free business checking accounts, we used our SimpleScore methodology to compare number of free transactions, minimum deposits, product variety, support and fees for the best business checking accounts in 2020. Important Information about Chase Platinum Business Checking. Chase Platinum Business Checking comes with a $95 Monthly Service Fee that can be waived by maintaining an average beginning day balance of $100,000 or more in linked business savings, CDs, investments and other Chase Platinum Business Checking accounts (excluding client funds savings accounts). Subject to FDIC limitations. A sole proprietor’s business and personal accounts at the same bank are all insured together up to $250,000. All business accounts owned by a corporation, partnership, or unincorporated association at the same bank are insured up to $250,000 per business, separately from the personal accounts.

Offers are strictly non-transferable. Void where prohibited. This promotion is only available to new Business Advantage Savings account customers. Not applicable for converted accounts. Minimum balance of $250 required to open account. Monthly charge of $3 assessed if balance drops below $300. Additional fees may apply and could reduce earnings on the account. Money market and savings accounts are subject to transaction limitations. Please refer to our Rules Governing Deposit Accounts for more information about these transaction limits.

Capital One Business Account

The promotional Annual Percentage Yield (APY) is only available to new accounts. The promotional APY applies to the first $5 million in account balances. A lower APY will apply to any portion of balances above $5 million, which will be the currently effective non-promotional rate for this product. Advertised APY is current as of 12/10/2020 and is subject to change at any time. Promotional rate will expire 365 days after account opening. Upon expiration, the standard interest rate in effect as of that date will apply to entire balance. Standard APY is variable and subject to change at any time without notice. Interest earned is compounded monthly and will be credited on the last day of each cycle. Interest is calculated using the actual number of days in the monthly cycle divided by the actual number of days in the year. Capital One reserves the right to limit the number of promotional Business Advantage Savings accounts per business taxpayer identification number. Visit a Capital One Bank location or contact a banker for full details.