Verified as of 2026-11-11
Side-by-side comparison of verified business checking accounts — fees, rates, and requirements.
Bancadia tracks 13 active business checking accounts in this comparison — monthly fee, transaction limits, minimum deposit, insurance, entity eligibility, and state availability for each. Karat Business Checking, Mercury Business Banking, Relay Business Checking, Rho Business Checking Account, Found Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Grasshopper Innovator Business Checking, Bluevine Business Checking, Lili Business Checking, and Ramp Business Checking Account have the lowest monthly fee in this comparison, at $0/mo. Karat Business Checking, Mercury Business Banking, Relay Business Checking, Rho Business Checking Account, Found Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Grasshopper Innovator Business Checking, Bluevine Business Checking, Lili Business Checking, and Ramp Business Checking Account include unlimited free monthly transactions. Relay Business Checking, Found Business Checking, Novo Business Checking, Bluevine Business Checking, Lili Business Checking, Ramp Business Checking Account, CITIBUSINESS Streamlined Checking, and Chase Business Complete Checking accept nonprofit organizations.
| Product | Institution | Monthly Fee | Fee Waiver | Free Transactions | Per-Txn Fee (over limit) | Min. Deposit | Insurance | Entity Types | Availability | Apply |
|---|---|---|---|---|---|---|---|---|---|---|
| Karat Business Checking | Karat Financial Technologies Incorporated | No monthly fee | — | Unlimited | None | $0 | FDIC | LLC · S Corp · C Corp · Sole Prop · Partnership | All 50 states | Apply Now |
| Mercury Business Banking | Mercury Technologies, Inc | No monthly fee | — | Unlimited | None | $0 | FDIC | LLC · S Corp · C Corp · Partnership | All 50 states | Apply Now |
| Relay Business Checking | Relay Financial Technologies Inc. | No monthly fee | — | Unlimited | None | $0 | FDIC | Sole Prop · LLC · S Corp · C Corp · Partnership · Nonprofit | All 50 states | Apply Now |
| Rho Business Checking Account | Under Technologies, Inc. DBA Rho Technologies | No monthly fee | — | Unlimited | None | $0 | FDIC | LLC · C Corp · S Corp | All 50 states | Apply Now |
| Found Business Checking | Indie Technologies, Inc. dba Found | No monthly fee | — | Unlimited | None | $0 | FDIC | Sole Prop · Partnership · LLC · S Corp · C Corp · Nonprofit | All 50 states | Apply Now |
| Novo Business Checking | Novo Platform Inc. | No monthly fee | — | Unlimited | None | $0 | FDIC | Sole Prop · LLC · S Corp · C Corp · Partnership · Nonprofit | All 50 states | Apply Now |
| Highbeam Business Deposit Account | Highbeam, Inc. | No monthly fee | — | Unlimited | None | $0 | FDIC | LLC · C Corp · S Corp · Sole Prop · Partnership | All 50 states | Apply Now |
| Grasshopper Innovator Business Checking | Grasshopper Bancorp, Inc. | No monthly fee | — | Unlimited | None | $100 | FDIC | LLC · S Corp · C Corp · Sole Prop · Partnership | All 50 states | Apply Now |
| Bluevine Business Checking | Bluevine Capital Inc. | No monthly fee | — | Unlimited | None | $0 | FDIC | Sole Prop · Partnership · LLC · C Corp · S Corp · Nonprofit | All 50 states | Apply Now |
| Lili Business Checking | Lili App Inc. | No monthly fee | — | Unlimited | None | $0 | FDIC | Sole Prop · LLC · Partnership · S Corp · C Corp · Nonprofit | All 50 states | Apply Now |
| Ramp Business Checking Account | Ramp Business Corporation | No monthly fee | — | Unlimited | None | $0 | FDIC | LLC · S Corp · C Corp · Partnership · Nonprofit | All 50 states | Apply Now |
| CITIBUSINESS Streamlined Checking | Citibank, N.A. | $15/mo | ✓ Waivable | 250/mo | $0.45 | $1 | FDIC | Sole Prop · LLC · S Corp · C Corp · Partnership · Nonprofit | All 50 states | Apply Now |
| Chase Business Complete Checking | JPMorgan Chase Bank, National Association | $15/mo | ✓ Waivable | 20/mo | $0.5 | $0 | FDIC | LLC · Sole Prop · C Corp · S Corp · Nonprofit | All 50 states | Apply Now |
Complete details for each business checking accounts in this comparison.
Bancadia tracks 13 active business checking accounts, each verified against fees, transaction limits, entity eligibility, insurance, and state availability.
Karat Business Checking, Mercury Business Banking, Relay Business Checking, Rho Business Checking Account, Found Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Grasshopper Innovator Business Checking, Bluevine Business Checking, Lili Business Checking, and Ramp Business Checking Account have the lowest monthly fee among the accounts Bancadia tracks, at $0/mo.
Karat Business Checking, Mercury Business Banking, Relay Business Checking, Rho Business Checking Account, Found Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Grasshopper Innovator Business Checking, Bluevine Business Checking, Lili Business Checking, and Ramp Business Checking Account have a $0 monthly fee.
Karat Business Checking, Relay Business Checking, Found Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Grasshopper Innovator Business Checking, Bluevine Business Checking, Lili Business Checking, CITIBUSINESS Streamlined Checking, and Chase Business Complete Checking accept sole proprietorships.
Relay Business Checking, Found Business Checking, Novo Business Checking, Bluevine Business Checking, Lili Business Checking, Ramp Business Checking Account, CITIBUSINESS Streamlined Checking, and Chase Business Complete Checking accept nonprofit organizations.
Karat Business Checking, Mercury Business Banking, Relay Business Checking, Rho Business Checking Account, Found Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Grasshopper Innovator Business Checking, Bluevine Business Checking, Lili Business Checking, Ramp Business Checking Account, CITIBUSINESS Streamlined Checking, and Chase Business Complete Checking are available nationwide (all 50 states).
As of 2026-11-11 — the earliest verification date among the products in this comparison that have been verified. Markdown version.
Bancadia may receive compensation when you click on product links. This compensation may impact how and where products appear on this site. Bancadia does not include all financial products or providers.