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Making smart banking choices is one of the keys to successful entrepreneurial endeavors. The best banks for small businesses should include everything from employee accounts to software integrations and low fees.
Banks like Novo, BlueVine, and Axos prioritize low fees and easy-to-use online banking platforms. Others like U.S. Bank, Bank of America, and Capital One offer a seemingly never-ending list of business tools linked to your accounts. Among the eight banks we discuss below, there's likely one that meets your needs.
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
Q4 2026 New Customer Offer Terms and Conditions
Offer valid from September 1, 2026, through and including December 31, 2026 (“Offer Period”). Only New Customers are eligible for this offer.Definitions:
“New Customer” means a customer that does not have a current or past HSBC account in the U.S. on file. Customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.
“New Money” means deposits or investments not previously held by any member of the HSBC Group in the U.S. New Money is determined at HSBC’s discretion.
“Qualifying Balance” means the total amount of New Money in consumer deposit and/or eligible investment accounts being held by the New Customer (as “primary” account holder) at a determined timeframe described below. Consumer accounts/assets that are ineligible for Qualifying Balance: insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts, including, but not limited to, IRAs, Keogh, Simple IRAs and 401(k) Plans; UTMA and UGMA accounts; commercial accounts; and revocable or irrevocable trust accounts.Terms to Qualify for Cash Bonus:
New Customer must meet each of the following requirements to qualify for the cash bonus:
Open a new HSBC Premier checking account (“New Account”) during the Offer Period; AND
Meet a Qualifying Balance of $50,000 or more of New Money in deposit and/or eligible investment accounts within 30 calendar days of opening the New Account; AND
Maintain the required Qualifying Balance for 3 full consecutive calendar months following the New Account opening month. AND
Remain opted-in to receive HSBC marketing emails.
For purposes of determining whether the New Customer has maintained the required Qualifying Balance and the associated cash bonus tier, the New Customer’s Qualifying Balance will be reviewed at the end of 3 full consecutive calendar months following the New Account opening month.Cash Bonus Tier: The cash bonus amount is tiered and based on the Qualifying Balance, as follows:
Qualifying Balance: Cash Bonus
$50,000-$99,999.99: $1,000
$100,000-$249,999.99: $1,500
$250,000-$499,999.99: $2,000
$500,000+: $3,000
If all offer requirements are met, the cash bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified. “Fully qualified” means all offer requirements have been met, including the 3-month maintenance requirement. Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.Important: The minimum Qualifying Balance of $50,000 required to earn the cash bonus under this offer is less than the $100,000 combined balance requirement to waive the $50 Monthly Maintenance Fee on your HSBC Premier checking account. If you do not meet at least one of the HSBC Premier qualification criteria, you will be charged a $50 Monthly Maintenance Fee regardless of your eligibility for this promotional cash bonus. Please refer to the HSBC Premier Terms and Charges Disclosure for full details on fee waiver requirements.Additional Terms:
Offer is non-transferable and available only to individuals who are at least 18 years of age.
Your New Account must be open and in good standing at time of bonus fulfillment.
All promotional offers, products, and services offered by HSBC are subject to updates, modifications, and/or termination by HSBC at any time without notice.
Eligible New Customers who take advantage of this offer cannot receive any other New Consumer Deposit Offers provided by HSBC Bank USA, N.A. New Consumer Deposit Offers are defined as incentives in the form of merchandise and/or cash bonus that are offered to consumers who open an eligible checking account and satisfy qualifying activities. New Assets cannot be applied to meet the requirements of more than one offer, unless the other offer(s) state otherwise.
For joint accounts, the first name on the joint account is considered the new customer for the cash bonus.
If you do not wish to participate in this campaign or if you qualify for this offer and do not want to receive the cash bonus and/or future marketing messages for this campaign, please contact us and reference offer name: Q4’26 New Customer Offer. You can Chat with us 24 hours a day, 7 days a week on the HSBC US Mobile Banking App or at us.hsbc.com/chatwithus. You can call us at 1-888-662-4722 or outside the U.S. or Canada at 716-841-6866 or contact your Wealth Relationship Manager.
Minimum Opening Balance
$0
Monthly Fee
$50
Why We Like It
New clients can earn up to a $3,000 bonus1 <div class="hsbc-premier-q4-2026-terms">
<p><strong>Q4 2026 New Customer Offer Terms and Conditions</strong><br>
Offer valid from September 1, 2026, through and including December 31, 2026 (“Offer Period”). Only New Customers are eligible for this offer.</p>
<p><strong>Definitions:</strong><br>
“<strong>New Customer</strong>” means a customer that does not have a current or past HSBC account in the U.S. on file. Customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.<br>
“<strong>New Money</strong>” means deposits or investments not previously held by any member of the HSBC Group in the U.S. New Money is determined at HSBC’s discretion.<br>
“<strong>Qualifying Balance</strong>” means the total amount of New Money in consumer deposit and/or eligible investment accounts being held by the New Customer (as “primary” account holder) at a determined timeframe described below. <strong>Consumer accounts/assets that are ineligible for Qualifying Balance</strong>: insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts, including, but not limited to, IRAs, Keogh, Simple IRAs and 401(k) Plans; UTMA and UGMA accounts; commercial accounts; and revocable or irrevocable trust accounts.</p>
<p><strong>Terms to Qualify for Cash Bonus:</strong><br>
New Customer must meet each of the following requirements to qualify for the cash bonus:</p>
<ul>
<li>Open a new HSBC Premier checking account (“New Account”) during the Offer Period; AND</li>
<li>Meet a Qualifying Balance of $50,000 or more of New Money in deposit and/or eligible investment accounts within 30 calendar days of opening the New Account; AND</li>
<li>Maintain the required Qualifying Balance for 3 full consecutive calendar months following the New Account opening month. AND</li>
<li>Remain opted-in to receive HSBC marketing emails.</li>
</ul>
<p>For purposes of determining whether the New Customer has maintained the required Qualifying Balance and the associated cash bonus tier, the New Customer’s Qualifying Balance will be reviewed at the end of 3 full consecutive calendar months following the New Account opening month.</p>
<p><strong>Cash Bonus Tier:</strong> The cash bonus amount is tiered and based on the Qualifying Balance, as follows:<br>
Qualifying Balance: Cash Bonus<br>
$50,000-$99,999.99: $1,000<br>
$100,000-$249,999.99: $1,500<br>
$250,000-$499,999.99: $2,000<br>
$500,000+: $3,000<br>
If all offer requirements are met, the cash bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified. “Fully qualified” means all offer requirements have been met, including the 3-month maintenance requirement. <strong>Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.</strong></p>
<p><strong>Important:</strong> The minimum Qualifying Balance of $50,000 required to earn the cash bonus under this offer is less than the $100,000 combined balance requirement to waive the $50 Monthly Maintenance Fee on your HSBC Premier checking account. If you do not meet at least one of the HSBC Premier qualification criteria, you will be charged a $50 Monthly Maintenance Fee regardless of your eligibility for this promotional cash bonus. Please refer to the HSBC Premier Terms and Charges Disclosure for full details on fee waiver requirements.</p>
<p><strong>Additional Terms:</strong></p>
<ul>
<li>Offer is non-transferable and available only to individuals who are at least 18 years of age.</li>
<li>Your New Account must be open and in good standing at time of bonus fulfillment.</li>
<li>All promotional offers, products, and services offered by HSBC are subject to updates, modifications, and/or termination by HSBC at any time without notice.</li>
<li>Eligible New Customers who take advantage of this offer cannot receive any other New Consumer Deposit Offers provided by HSBC Bank USA, N.A. New Consumer Deposit Offers are defined as incentives in the form of merchandise and/or cash bonus that are offered to consumers who open an eligible checking account and satisfy qualifying activities. <strong>New Assets cannot be applied to meet the requirements of more than one offer, unless the other offer(s) state otherwise.</strong></li>
<li>For joint accounts, the first name on the joint account is considered the new customer for the cash bonus.</li>
<li>If you do not wish to participate in this campaign or if you qualify for this offer and do not want to receive the cash bonus and/or future marketing messages for this campaign, please contact us and reference offer name: Q4’26 New Customer Offer. You can Chat with us 24 hours a day, 7 days a week on the HSBC US Mobile Banking App or at us.hsbc.com/chatwithus. You can call us at 1-888-662-4722 or outside the U.S. or Canada at 716-841-6866 or contact your Wealth Relationship Manager.</li>
</ul>
</div> when you open an HSBC Premier2 <div class="hsbc-premier-qualification-criteria">
<p>To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and meet one of the following requirements. A monthly maintenance fee of $50 will be incurred if at least one of these requirements is not maintained. Refer to your ‘HSBC Premier Terms and Charges Disclosure’ for full details.</p>
<ul>
<li>Balances of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment accounts; OR</li>
<li>Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR</li>
<li>Any HSBC U.S. residential mortgage loan serviced by HSBC. Home Equity products, loans that are in foreclosure or bankruptcy, and loans for which servicing rights have been transferred are not included</li>
<li>Consumers who maintain Private Bank status</li>
</ul>
<p>You will not be assessed a Monthly Maintenance Fee for the calendar month in which you open your account and the following 3 calendar months (together, the “Waiver Period”), whether you meet the qualifying criteria or not. If immediately after the “Waiver Period”, you have not met one of the HSBC Premier qualification criteria and your HSBC Premier checking account is charged 3 consecutive Monthly Maintenance Fees, your account will be closed. In addition, any other checking, savings, credit card and Global Money Accounts that you own will be closed, unless you (or a joint account holder on those accounts) hold a different HSBC Premier checking account.</p>
</div> 3 <p>Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Social Security, or other regular monthly income) deposited through the Automated Clearing House (ACH) network to this account by your employer or an outside agency (please check with your employer or outside agency to determine if they use the ACH network). Direct deposits that do not qualify include but are not limited to transfers from one account to another, mobile deposits, or deposits made at a Wealth Center or ATM.</p> checking account and complete qualifying activities.
Get $1,000: Deposit or invest $50,000 to $99,999; Get $1,500: Deposit or invest $100,000 to $249,999; Get $2,000: Deposit or invest $250,000 to $499,999; Get $3,000: Deposit or invest $500,000+
Manage your finances around the world, with Premier privileges in select countries, perfect for global lifestyles.
Our credit cards come with a competitive range of rewards and benefits that complement your lifestyle.
The companies we chose for the best banks for small businesses may be current or past FinanceBuzz partners. We did not review all companies in the market. When evaluating these financial institutions, we considered factors such as monthly fees, average APY, minimum opening deposit, locations, and other checking account perks.
Best banks for small businesses comparison
Bank
Best for
Checking annual percentage yield
Minimum opening deposit
Monthly maintenance fees
U.S. Bank
Best overall
0.005% (as of 11/04/25) or 0.005% (as of 11/04/25) depending on account and location
$100
$0, $20, or $30 depending on account type
Chase
In-person banking
Must connect with banker to get rate info
None disclosed
$15, $30, or $95 depending on account type
Bank of America
Built-in business tools
0.01% to 0.02% (as of 09/05/26)4 <p class="">Annual Percentage Yield (APY) is accurate as of September 5, 2026. These rates may change at any time without prior notice. Fees could reduce earnings on the account.</p> based on your balance
Not disclosed
$16 or $29.95 depending on account type
Capital One
Mobile banking
None
None, but must meet minimum requirements to waive fees
$15 or $35 depending on account type
BlueVine
High interest
1.30%-3.00% (as of 07/06/26) when you meet certain requirements
No balance requirement
None
Wells Fargo
Growing businesses
Offered through Navigate Business Checking Account, rate isn't disclosed until sign up
$25
$10, $25, or $75 depending on account type
Axos
Payment systems
1.01% (as of 06/30/26)
$0 or $100 depending on account type
None for certain accounts, but you may need to maintain a minimum balance to waive fees
Novo
No fees
None
None
None
U.S. Bank
Best overall
Pros
Provides kits to help you transfer to a U.S. Bank account
Personalized checking account recommendations
Check fraud protections
No-fee account available
Cons
Minimum deposit required for all checking accounts
Fee-free monthly transaction limit
We think U.S. Bank is the best overall option for small businesses due to its low minimum deposit, fee-free checking account option, and ease of use. You can open a U.S. Bank business account with just $100, and the Silver tier has no monthly maintenance fees. Entrepreneurs who need more transactions will appreciate the 500 free transactions the Platinum package offers.
U.S. Bank offers three tiers for business checking accounts: Silver, Gold, and Platinum. Each checking account option caters to different-sized businesses, so you can have your pick of account options for your needs. If you're not sure which type of account is best for you, you can fill out a form based on your business needs and get personalized recommendations.
While you'll pay a monthly fee of up to $30 for the higher-tier accounts, U.S. Bank offers fee waivers if you meet certain requirements. If you do decide to switch, U.S. Bank also offers EZ Switch Kits, which help make the transition as easy as possible.
U.S. Bank is FDIC insured.
Chase
Best for in-person banking
Pros
Free employee cards upon request
Over 4,700 branches
Same-day deposits available at no additional cost
Fraud protection available
Cons
High balance is required to waive monthly fees on most accounts
High monthly fees for certain accounts
Businesses that value in-person banking will appreciate Chase's more than 4,700 physical branches across the country and its ATM network of over 15,000 ATMs. While Chase's business account fees reach up to $95 and have relatively high minimum balance requirements to waive those fees, accepting payments and managing your money is so easy that the fees don't seem as hard to swallow.
Chase business checking accounts come with Chase QuickAccept, a payment system that allows you to accept credit and debit card payments on the go. You'll get fast access to your money with same-day deposits that require no transaction fees. You can also get free business debit cards for your employees upon request.
FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment.
Our partners do not influence how we rate products.
Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening
Annual Fee
$195
Rewards Rate
5% cash back on travel purchased through Chase Travel℠; unlimited 2.5% cash back on purchases of $5,000 or more; unlimited 2% cash back on all other business purchases
Benefits and Drawbacks
Benefits
Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening
Can pay eligible purchases off over time with Flex for Business
Employee cards are free and earn rewards
Drawbacks
High annual fee
Most new cardholders must pay the balance in full monthly
Elevated travel cash back limited to Chase Travel spending
Card Details
Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.
Travel Benefits: Unlimited 5% total cash back on travel purchased through Chase TravelSM, No Foreign Transaction Fees and Trip Cancellation/Trip Interruption Insurance.
The only business credit card with 2.5% cash back on every purchase of $5,000 or more.
Get the buying power you need to make large purchases, cover monthly expenses and help your business grow. While you must pay your Pay In Full balance each month, this card has built-in flexibility. The Flex for Business feature allows for qualifying purchases to be paid over time with interest.
Earn 5% cash back on Lyft rides now through September 30, 2027.
Purchase with confidence with built-in protections like Fraud Protection, Zero Liability Protection, Purchase Protection, Cell Phone Protection, and Extended Warranty Protection.
There’s no additional cost for employee cards. Monitor spend with digital tools like purchase alerts, set spending limits, reporting, and more.
Member FDIC
Bank of America
Best for built-in business tools
Pros
Access to digital debit cards
Access to a team of small business specialists who provide financial guidance
Cash flow management tools
Link your personal and business accounts and easily view all in one place
Cons
Best rewards are reserved for Bank of America Preferred Rewards members
Must maintain a high monthly balance to waive monthly fee
Bank of America is a traditional bank that can help you meet your business's financial needs. From offering digital debit cards to providing access to a team of business specialists ready to answer your questions, BoA offers many worthwhile features. You'll need to pay either $16 or $29.95 in monthly fees, depending on the account you choose, but this is more palatable than most business accounts.
BoA also offers cash management tools that help you understand where your money is going and what's coming in, like its Cash Flow Monitor and mobile check deposit ability. If you opt for the higher-tier plan, you also get access to fee-free incoming wires, stop payments, and electronic deposits.
Bank of America is an FDIC-insured bank.
Capital One
Best for mobile banking
Pros
Free additional employee debit cards
Easy-to-use mobile app
Access free ACH payments with certain accounts
Overdraft coverage available
Cons
No interest-bearing accounts
High monthly balance is required to waive fees
If you're looking for mobile business banking, Capital One is the account for you. You can make mobile deposits, set up bill pay to pay your vendors, and access free, unlimited digital transactions. Its app is easy to use and well-reviewed, with 4.9 stars on the Apple App Store and 4.6 stars on the Google Play Store.
Like many companies on this list, there are fees associated with Capital One's business accounts. However, you do have the ability to waive these fees. The $15 monthly fee for Capital One's Basic Checking gets waived if your last 30- or 90-day balance averages $2,000 or more.
Capital One is FDIC insured.
BlueVine
Best for high interest
Pros
No monthly fees
No overdraft fees
High interest rate
Free ACH transfers
Dedicated employee logins
Cons
Must meet special requirements to earn interest
Interest rate cuts off if you have more than $250,000
BlueVine is an online-only bank designed around business products, and its business checking account is a clear reflection of that. It offers a high interest rate of up to 1.30%-3.00% (as of 07/06/26) APY with no monthly fee or opening deposit requirement. Plus, you get access to free ACH transfers and access to over 37,000 fee-free MoneyPass ATMs.
The dedication to business also shines through in BlueVine's FDIC insurance. Typically, your money is only protected for up to $250,000, but BlueVine offers FDIC deposit insurance of up to $3 million. Plus, BlueVine also helps you organize your business's finances through up to five sub-accounts.
Wells Fargo
Best for growing businesses
Pros
Accounts built for multiple business types
Text and email alerts on your balance
Easy-to-meet opening deposit
24/7 fraud monitoring
Cons
High monthly fees for some accounts
High balance is required to waive monthly fees
With low minimum deposit requirements and multiple ways to waive monthly fees, Wells Fargo has three strong business banking options. While it doesn't offer the highest number of free transactions (it maxes out at 250), perks like 24/7 fraud monitoring, customizable checks and cards, and mobile banking features make up for this.
Wells Fargo's three account options — Initiate Business, Navigate Business, and Optimize Business — grow with you and your business. Start with the low-fee account when you first open your business, move up with the interest-bearing account when you start keeping a higher balance, and when your employees need accounts of their own, upgrade to the final tier, offering five separate linked accounts for you and your employees.
Wells Fargo is an FDIC-insured bank.
Axos
Best for payment systems
Pros
High interest rates for certain accounts
No monthly fees for certain accounts
Unlimited domestic ATM reimbursements
Cons
Must maintain a high balance to waive certain account fees
High interest rate only applies to a balance of up to $49,999.99
Axos provides two different accounts: a basic business checking (with no monthly fees and no minimum deposit requirement) and a business interest-bearing account. The Business Interest Checking account requires a high $5,000 average daily balance to waive the monthly fees, so businesses with lower cash flows may want to opt for the fee-free basic account.
Axos offers unique features like its own POS systems for your business, as well as mobile payment processing. For businesses that have pop-up locations, these systems are a huge help. Axos business accounts also come with treasury tools to help you manage your cash flow through reports and other specialized features.
Axos Bank is FDIC insured.
Novo
Best for no fees
Pros
No fees to worry about
ATM fee reimbursement on all ATMs
Set automatic savings feature for taxes and other business goals
Unlimited transactions
Cons
No interest-bearing accounts
Limits on how much money you can deposit/move
Novo's online application process takes just 10 minutes, and it doesn't have hidden fees, monthly fees, or a required minimum balance. You can also access debit card tools and manage payments all from the mobile app. Novo makes its business account free to use, even reimbursing all ATM fees and offering unlimited fee-free transactions.
Novo's Reserves feature also sets it apart from other business accounts. You can set up automatic withdrawals for various expenses and put that money into separate accounts. For small business owners, this helps you set money aside for taxes, storefront improvements, and any other business savings goals.
Novo is FDIC insured.
How to choose the best banks for small businesses
When you pick your next business checking account, you won't be at a loss for options. To narrow down your choices, consider the factors that make a bank a good option for your small businesses. Before you open a business bank account, make sure you:
Think through your business needs: Different-sized businesses need different features. Smaller banks prefer fewer fees, while large businesses need employee cards and advanced planning features.
Consider local options: Having a mortar bank you can walk into helps you build a rapport with your bank tellers and representatives. If you have a local branch of a big-name bank, look into these options first if you're concerned about having an in-person relationship with your bank.
Start by looking at fees: Fees for business bank accounts tend to be higher than personal accounts, so they'll take a chunk out of your overall balance. Compare fees across all potential options, ruling out ones with high fees and few worthwhile perks.
Look at other business features offered: Business bank accounts often provide specific business-based features, including software integrations, financial guidance, and merchant services. If you're in the market for tools such as these, check to see if your preferred accounts already have these features built in.
Ask family, friends, and colleagues for recommendations: If you know someone who uses a business bank account, ask them about their experience with their chosen bank. This gives you a real look at specific banks.
4.6
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
New Clients: Earn up to a $3,000 Bonus With This Checking Account
Open a new HSBC Premier checking account by December 31, 2026. Add your preferred amount of deposits and/or eligible investments within 30 days, maintain your balances for 3 full consecutive months, and remain opted-in to receive HSBC marketing emails.1 <div class="hsbc-premier-q4-2026-terms">
<p><strong>Q4 2026 New Customer Offer Terms and Conditions</strong><br>
Offer valid from September 1, 2026, through and including December 31, 2026 (“Offer Period”). Only New Customers are eligible for this offer.</p>
<p><strong>Definitions:</strong><br>
“<strong>New Customer</strong>” means a customer that does not have a current or past HSBC account in the U.S. on file. Customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.<br>
“<strong>New Money</strong>” means deposits or investments not previously held by any member of the HSBC Group in the U.S. New Money is determined at HSBC’s discretion.<br>
“<strong>Qualifying Balance</strong>” means the total amount of New Money in consumer deposit and/or eligible investment accounts being held by the New Customer (as “primary” account holder) at a determined timeframe described below. <strong>Consumer accounts/assets that are ineligible for Qualifying Balance</strong>: insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts, including, but not limited to, IRAs, Keogh, Simple IRAs and 401(k) Plans; UTMA and UGMA accounts; commercial accounts; and revocable or irrevocable trust accounts.</p>
<p><strong>Terms to Qualify for Cash Bonus:</strong><br>
New Customer must meet each of the following requirements to qualify for the cash bonus:</p>
<ul>
<li>Open a new HSBC Premier checking account (“New Account”) during the Offer Period; AND</li>
<li>Meet a Qualifying Balance of $50,000 or more of New Money in deposit and/or eligible investment accounts within 30 calendar days of opening the New Account; AND</li>
<li>Maintain the required Qualifying Balance for 3 full consecutive calendar months following the New Account opening month. AND</li>
<li>Remain opted-in to receive HSBC marketing emails.</li>
</ul>
<p>For purposes of determining whether the New Customer has maintained the required Qualifying Balance and the associated cash bonus tier, the New Customer’s Qualifying Balance will be reviewed at the end of 3 full consecutive calendar months following the New Account opening month.</p>
<p><strong>Cash Bonus Tier:</strong> The cash bonus amount is tiered and based on the Qualifying Balance, as follows:<br>
Qualifying Balance: Cash Bonus<br>
$50,000-$99,999.99: $1,000<br>
$100,000-$249,999.99: $1,500<br>
$250,000-$499,999.99: $2,000<br>
$500,000+: $3,000<br>
If all offer requirements are met, the cash bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified. “Fully qualified” means all offer requirements have been met, including the 3-month maintenance requirement. <strong>Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.</strong></p>
<p><strong>Important:</strong> The minimum Qualifying Balance of $50,000 required to earn the cash bonus under this offer is less than the $100,000 combined balance requirement to waive the $50 Monthly Maintenance Fee on your HSBC Premier checking account. If you do not meet at least one of the HSBC Premier qualification criteria, you will be charged a $50 Monthly Maintenance Fee regardless of your eligibility for this promotional cash bonus. Please refer to the HSBC Premier Terms and Charges Disclosure for full details on fee waiver requirements.</p>
<p><strong>Additional Terms:</strong></p>
<ul>
<li>Offer is non-transferable and available only to individuals who are at least 18 years of age.</li>
<li>Your New Account must be open and in good standing at time of bonus fulfillment.</li>
<li>All promotional offers, products, and services offered by HSBC are subject to updates, modifications, and/or termination by HSBC at any time without notice.</li>
<li>Eligible New Customers who take advantage of this offer cannot receive any other New Consumer Deposit Offers provided by HSBC Bank USA, N.A. New Consumer Deposit Offers are defined as incentives in the form of merchandise and/or cash bonus that are offered to consumers who open an eligible checking account and satisfy qualifying activities. <strong>New Assets cannot be applied to meet the requirements of more than one offer, unless the other offer(s) state otherwise.</strong></li>
<li>For joint accounts, the first name on the joint account is considered the new customer for the cash bonus.</li>
<li>If you do not wish to participate in this campaign or if you qualify for this offer and do not want to receive the cash bonus and/or future marketing messages for this campaign, please contact us and reference offer name: Q4’26 New Customer Offer. You can Chat with us 24 hours a day, 7 days a week on the HSBC US Mobile Banking App or at us.hsbc.com/chatwithus. You can call us at 1-888-662-4722 or outside the U.S. or Canada at 716-841-6866 or contact your Wealth Relationship Manager.</li>
</ul>
</div>
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
Wells Fargo Everyday Checking - Earn a $325 Bonus
Earn a $325 new checking customer bonus when you open an Everyday Checking account and make $1,000 or more in qualifying direct deposits. Wells Fargo Bank, N.A. Member FDIC
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
Bank of America Advantage Plus Banking®
New checking customers only: Get a bonus offer up to $500 after completing qualifying transactions. Click Learn More for details. Bank of America, N.A. Member FDIC
Like individuals looking for personal accounts, small businesses should consider having at least a business checking account and a business savings account. Having a checking account helps you make business purchases as needed, while a savings account helps you save for business expenses you may need down the line.
Which banks do free business banking?
Many banks offer free business checking accounts, which are arguably the best checking accounts. Novo and BlueVine are just two examples. Many of the banks that do charge monthly service fees also offer a chance to waive them if you meet certain minimum account balances or other specific requirements.
What are the best bank accounts for startup businesses?
Startups likely want to stick with an account that's low-cost and easy to manage. Fee-free accounts with no minimum balance requirements allow new businesses to direct their cash flow to areas that really need it rather than toward bank account fees.
Bottom line
When seeking the right business account for your business's needs, keep an eye on fees and look at how much access to online and mobile banking services you'll get. Businesses need forward-thinking banks that make banking easily mobile and low cost.
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New clients can earn up to a $3,000 bonus1 <div class="hsbc-premier-q4-2026-terms">
<p><strong>Q4 2026 New Customer Offer Terms and Conditions</strong><br>
Offer valid from September 1, 2026, through and including December 31, 2026 (“Offer Period”). Only New Customers are eligible for this offer.</p>
<p><strong>Definitions:</strong><br>
“<strong>New Customer</strong>” means a customer that does not have a current or past HSBC account in the U.S. on file. Customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.<br>
“<strong>New Money</strong>” means deposits or investments not previously held by any member of the HSBC Group in the U.S. New Money is determined at HSBC’s discretion.<br>
“<strong>Qualifying Balance</strong>” means the total amount of New Money in consumer deposit and/or eligible investment accounts being held by the New Customer (as “primary” account holder) at a determined timeframe described below. <strong>Consumer accounts/assets that are ineligible for Qualifying Balance</strong>: insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts, including, but not limited to, IRAs, Keogh, Simple IRAs and 401(k) Plans; UTMA and UGMA accounts; commercial accounts; and revocable or irrevocable trust accounts.</p>
<p><strong>Terms to Qualify for Cash Bonus:</strong><br>
New Customer must meet each of the following requirements to qualify for the cash bonus:</p>
<ul>
<li>Open a new HSBC Premier checking account (“New Account”) during the Offer Period; AND</li>
<li>Meet a Qualifying Balance of $50,000 or more of New Money in deposit and/or eligible investment accounts within 30 calendar days of opening the New Account; AND</li>
<li>Maintain the required Qualifying Balance for 3 full consecutive calendar months following the New Account opening month. AND</li>
<li>Remain opted-in to receive HSBC marketing emails.</li>
</ul>
<p>For purposes of determining whether the New Customer has maintained the required Qualifying Balance and the associated cash bonus tier, the New Customer’s Qualifying Balance will be reviewed at the end of 3 full consecutive calendar months following the New Account opening month.</p>
<p><strong>Cash Bonus Tier:</strong> The cash bonus amount is tiered and based on the Qualifying Balance, as follows:<br>
Qualifying Balance: Cash Bonus<br>
$50,000-$99,999.99: $1,000<br>
$100,000-$249,999.99: $1,500<br>
$250,000-$499,999.99: $2,000<br>
$500,000+: $3,000<br>
If all offer requirements are met, the cash bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified. “Fully qualified” means all offer requirements have been met, including the 3-month maintenance requirement. <strong>Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.</strong></p>
<p><strong>Important:</strong> The minimum Qualifying Balance of $50,000 required to earn the cash bonus under this offer is less than the $100,000 combined balance requirement to waive the $50 Monthly Maintenance Fee on your HSBC Premier checking account. If you do not meet at least one of the HSBC Premier qualification criteria, you will be charged a $50 Monthly Maintenance Fee regardless of your eligibility for this promotional cash bonus. Please refer to the HSBC Premier Terms and Charges Disclosure for full details on fee waiver requirements.</p>
<p><strong>Additional Terms:</strong></p>
<ul>
<li>Offer is non-transferable and available only to individuals who are at least 18 years of age.</li>
<li>Your New Account must be open and in good standing at time of bonus fulfillment.</li>
<li>All promotional offers, products, and services offered by HSBC are subject to updates, modifications, and/or termination by HSBC at any time without notice.</li>
<li>Eligible New Customers who take advantage of this offer cannot receive any other New Consumer Deposit Offers provided by HSBC Bank USA, N.A. New Consumer Deposit Offers are defined as incentives in the form of merchandise and/or cash bonus that are offered to consumers who open an eligible checking account and satisfy qualifying activities. <strong>New Assets cannot be applied to meet the requirements of more than one offer, unless the other offer(s) state otherwise.</strong></li>
<li>For joint accounts, the first name on the joint account is considered the new customer for the cash bonus.</li>
<li>If you do not wish to participate in this campaign or if you qualify for this offer and do not want to receive the cash bonus and/or future marketing messages for this campaign, please contact us and reference offer name: Q4’26 New Customer Offer. You can Chat with us 24 hours a day, 7 days a week on the HSBC US Mobile Banking App or at us.hsbc.com/chatwithus. You can call us at 1-888-662-4722 or outside the U.S. or Canada at 716-841-6866 or contact your Wealth Relationship Manager.</li>
</ul>
</div> when you open an HSBC Premier2 <div class="hsbc-premier-qualification-criteria">
<p>To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and meet one of the following requirements. A monthly maintenance fee of $50 will be incurred if at least one of these requirements is not maintained. Refer to your ‘HSBC Premier Terms and Charges Disclosure’ for full details.</p>
<ul>
<li>Balances of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment accounts; OR</li>
<li>Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR</li>
<li>Any HSBC U.S. residential mortgage loan serviced by HSBC. Home Equity products, loans that are in foreclosure or bankruptcy, and loans for which servicing rights have been transferred are not included</li>
<li>Consumers who maintain Private Bank status</li>
</ul>
<p>You will not be assessed a Monthly Maintenance Fee for the calendar month in which you open your account and the following 3 calendar months (together, the “Waiver Period”), whether you meet the qualifying criteria or not. If immediately after the “Waiver Period”, you have not met one of the HSBC Premier qualification criteria and your HSBC Premier checking account is charged 3 consecutive Monthly Maintenance Fees, your account will be closed. In addition, any other checking, savings, credit card and Global Money Accounts that you own will be closed, unless you (or a joint account holder on those accounts) hold a different HSBC Premier checking account.</p>
</div> 3 <p>Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Social Security, or other regular monthly income) deposited through the Automated Clearing House (ACH) network to this account by your employer or an outside agency (please check with your employer or outside agency to determine if they use the ACH network). Direct deposits that do not qualify include but are not limited to transfers from one account to another, mobile deposits, or deposits made at a Wealth Center or ATM.</p> checking account and complete qualifying activities.
Get $1,000: Deposit or invest $50,000 to $99,999; Get $1,500: Deposit or invest $100,000 to $249,999; Get $2,000: Deposit or invest $250,000 to $499,999; Get $3,000: Deposit or invest $500,000+
Manage your finances around the world, with Premier privileges in select countries, perfect for global lifestyles.
Our credit cards come with a competitive range of rewards and benefits that complement your lifestyle.
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