# Compare Business Checking Accounts Transaction accounts for LLCs, S-Corps, sole proprietors, and more. Page: https://bancadia.com/compare/business-checking/all Verified as of 2026-08-09 ## Quick Answer Bancadia tracks 13 active business checking accounts in this comparison — monthly fee, transaction limits, minimum deposit, insurance, entity eligibility, and state availability for each. Grasshopper Small Business Checking, Lili Business Checking, Mercury Business Banking, Relay Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Rho Business Checking Account, Karat Business Checking, Found Business Checking, Bluevine Business Checking, and Ramp Business Checking Account have the lowest monthly fee in this comparison, at $0/mo. Grasshopper Small Business Checking, Lili Business Checking, Mercury Business Banking, Relay Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Rho Business Checking Account, Karat Business Checking, Found Business Checking, Bluevine Business Checking, and Ramp Business Checking Account include unlimited free monthly transactions. Lili Business Checking, Relay Business Checking, Novo Business Checking, Found Business Checking, Ramp Business Checking Account, and CITIBUSINESS Streamlined Checking accept nonprofit organizations. ## Comparison Table | Product | Institution | Monthly Fee | Fee Waiver | Free Transactions | Per-Txn Fee (over limit) | Min. Deposit | Insurance | Entity Types | Availability | Application URL | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Grasshopper Small Business Checking | Grasshopper Bancorp, Inc. | No monthly fee | None | Unlimited | None | $100 | FDIC | LLC, S Corp, C Corp, Sole Prop, Partnership | Available in all 50 states | https://bancadia.com/go/grasshopper/small-business-checking | | Lili Business Checking | Lili App Inc. | No monthly fee | None | Unlimited | None | $0 | FDIC | Sole Prop, LLC, Partnership, S Corp, C Corp, Nonprofit | Available in all 50 states | https://bancadia.com/go/lili/business-checking | | Mercury Business Banking | Mercury Technologies, Inc | No monthly fee | None | Unlimited | None | $0 | FDIC | LLC, S Corp, C Corp, Partnership | Available in all 50 states | https://bancadia.com/go/mercury/business-banking | | Relay Business Checking | Relay Financial Technologies Inc. | No monthly fee | None | Unlimited | None | $0 | FDIC | Sole Prop, LLC, S Corp, C Corp, Partnership, Nonprofit | Available in all 50 states | https://bancadia.com/go/relay/business-checking | | Novo Business Checking | Novo Platform Inc. | No monthly fee | None | Unlimited | None | $0 | FDIC | Sole Prop, LLC, S Corp, C Corp, Partnership, Nonprofit | Available in all 50 states | https://bancadia.com/go/novo/business-checking | | Highbeam Business Deposit Account | Highbeam, Inc. | No monthly fee | None | Unlimited | None | $0 | FDIC | LLC, C Corp, S Corp, Sole Prop, Partnership | Available in all 50 states | https://bancadia.com/go/highbeam/business-checking | | Rho Business Checking Account | Under Technologies, Inc. DBA Rho Technologies | No monthly fee | None | Unlimited | None | $0 | FDIC | LLC, C Corp, S Corp | Available in all 50 states | https://bancadia.com/go/rho/business-checking | | Karat Business Checking | Karat Financial Technologies Incorporated | No monthly fee | None | Unlimited | None | $0 | FDIC | LLC, S Corp, C Corp, Sole Prop, Partnership | Available in all 50 states | https://bancadia.com/go/karat/business-checking | | Found Business Checking | Indie Technologies, Inc. dba Found | No monthly fee | None | Unlimited | None | $0 | FDIC | Sole Prop, Partnership, LLC, S Corp, C Corp, Nonprofit | Available in all 50 states | https://bancadia.com/go/found/online-business-checking | | Bluevine Business Checking | Bluevine Capital Inc. | No monthly fee | None | Unlimited | None | $0 | FDIC | Sole Prop, Partnership, LLC, C Corp, S Corp | Available in all 50 states | https://bancadia.com/go/bluevine/business-checking | | Ramp Business Checking Account | Ramp Business Corporation | No monthly fee | None | Unlimited | None | $0 | FDIC | LLC, S Corp, C Corp, Sole Prop, Partnership, Nonprofit | Available in all 50 states | https://bancadia.com/go/ramp/business-checking | | CITIBUSINESS Streamlined Checking | Citibank, N.A. | $15/mo | Maintain an average collected balance of $5,000 or more | 250/mo | $0.45 | $1 | FDIC | Sole Prop, LLC, S Corp, C Corp, Partnership, Nonprofit | Available in all 50 states | https://bancadia.com/go/citibank/streamlined-checking | | Chase Business Complete Checking | JPMorgan Chase Bank, National Association | $15/mo | $2,000 minimum daily ending balance in the Chase Business Complete Checking account each business day during the monthly statement period OR $2,000 in aggregate eligible Chase Payment Solutions deposits OR $2,000 in eligible Chase Ink/Sapphire Reserve for Business® card purchases OR a linked Chase Private Client Checking℠, JPMorgan Classic Checking, or Private Client Checking Plus account OR Chase Military Banking requirements | 20/mo | $0.5 | $0 | FDIC | LLC, Sole Prop, C Corp, S Corp | Available in all 50 states | https://bancadia.com/go/jpmorgan-chase-bank/business-complete-checking | ## Full Specifications ### Grasshopper Small Business Checking — Grasshopper Bancorp, Inc. Monthly Fee: No monthly fee Fee Waiver: None Free Transactions: Unlimited Per-Txn Fee (over limit): None Min. Deposit: $100 Insurance: FDIC Entity Types: LLC, S Corp, C Corp, Sole Prop, Partnership Availability: Available in all 50 states Apply: https://bancadia.com/go/grasshopper/small-business-checking Page: https://bancadia.com/products/business-checking/grasshopper/small-business-checking ### Lili Business Checking — Lili App Inc. Monthly Fee: No monthly fee Fee Waiver: None Free Transactions: Unlimited Per-Txn Fee (over limit): None Min. Deposit: $0 Insurance: FDIC Entity Types: Sole Prop, LLC, Partnership, S Corp, C Corp, Nonprofit Availability: Available in all 50 states Apply: https://bancadia.com/go/lili/business-checking Page: https://bancadia.com/products/business-checking/lili/business-checking ### Mercury Business Banking — Mercury Technologies, Inc Monthly Fee: No monthly fee Fee Waiver: None Free Transactions: Unlimited Per-Txn Fee (over limit): None Min. Deposit: $0 Insurance: FDIC Entity Types: LLC, S Corp, C Corp, Partnership Availability: Available in all 50 states Apply: https://bancadia.com/go/mercury/business-banking Page: https://bancadia.com/products/business-checking/mercury/business-banking ### Relay Business Checking — Relay Financial Technologies Inc. Monthly Fee: No monthly fee Fee Waiver: None Free Transactions: Unlimited Per-Txn Fee (over limit): None Min. Deposit: $0 Insurance: FDIC Entity Types: Sole Prop, LLC, S Corp, C Corp, Partnership, Nonprofit Availability: Available in all 50 states Apply: https://bancadia.com/go/relay/business-checking Page: https://bancadia.com/products/business-checking/relay/business-checking ### Novo Business Checking — Novo Platform Inc. Monthly Fee: No monthly fee Fee Waiver: None Free Transactions: Unlimited Per-Txn Fee (over limit): None Min. Deposit: $0 Insurance: FDIC Entity Types: Sole Prop, LLC, S Corp, C Corp, Partnership, Nonprofit Availability: Available in all 50 states Apply: https://bancadia.com/go/novo/business-checking Page: https://bancadia.com/products/business-checking/novo/business-checking ### Highbeam Business Deposit Account — Highbeam, Inc. Monthly Fee: No monthly fee Fee Waiver: None Free Transactions: Unlimited Per-Txn Fee (over limit): None Min. Deposit: $0 Insurance: FDIC Entity Types: LLC, C Corp, S Corp, Sole Prop, Partnership Availability: Available in all 50 states Apply: https://bancadia.com/go/highbeam/business-checking Page: https://bancadia.com/products/business-checking/highbeam/business-checking ### Rho Business Checking Account — Under Technologies, Inc. DBA Rho Technologies Monthly Fee: No monthly fee Fee Waiver: None Free Transactions: Unlimited Per-Txn Fee (over limit): None Min. Deposit: $0 Insurance: FDIC Entity Types: LLC, C Corp, S Corp Availability: Available in all 50 states Apply: https://bancadia.com/go/rho/business-checking Page: https://bancadia.com/products/business-checking/rho/business-checking ### Karat Business Checking — Karat Financial Technologies Incorporated Monthly Fee: No monthly fee Fee Waiver: None Free Transactions: Unlimited Per-Txn Fee (over limit): None Min. Deposit: $0 Insurance: FDIC Entity Types: LLC, S Corp, C Corp, Sole Prop, Partnership Availability: Available in all 50 states Apply: https://bancadia.com/go/karat/business-checking Page: https://bancadia.com/products/business-checking/karat/business-checking ### Found Business Checking — Indie Technologies, Inc. dba Found Monthly Fee: No monthly fee Fee Waiver: None Free Transactions: Unlimited Per-Txn Fee (over limit): None Min. Deposit: $0 Insurance: FDIC Entity Types: Sole Prop, Partnership, LLC, S Corp, C Corp, Nonprofit Availability: Available in all 50 states Apply: https://bancadia.com/go/found/online-business-checking Page: https://bancadia.com/products/business-checking/found/online-business-checking ### Bluevine Business Checking — Bluevine Capital Inc. Monthly Fee: No monthly fee Fee Waiver: None Free Transactions: Unlimited Per-Txn Fee (over limit): None Min. Deposit: $0 Insurance: FDIC Entity Types: Sole Prop, Partnership, LLC, C Corp, S Corp Availability: Available in all 50 states Apply: https://bancadia.com/go/bluevine/business-checking Page: https://bancadia.com/products/business-checking/bluevine/business-checking ### Ramp Business Checking Account — Ramp Business Corporation Monthly Fee: No monthly fee Fee Waiver: None Free Transactions: Unlimited Per-Txn Fee (over limit): None Min. Deposit: $0 Insurance: FDIC Entity Types: LLC, S Corp, C Corp, Sole Prop, Partnership, Nonprofit Availability: Available in all 50 states Apply: https://bancadia.com/go/ramp/business-checking Page: https://bancadia.com/products/business-checking/ramp/business-checking ### CITIBUSINESS Streamlined Checking — Citibank, N.A. Monthly Fee: $15/mo Fee Waiver: Maintain an average collected balance of $5,000 or more Free Transactions: 250/mo Per-Txn Fee (over limit): $0.45 Min. Deposit: $1 Insurance: FDIC Entity Types: Sole Prop, LLC, S Corp, C Corp, Partnership, Nonprofit Availability: Available in all 50 states Apply: https://bancadia.com/go/citibank/streamlined-checking Page: https://bancadia.com/products/business-checking/citibank/streamlined-checking ### Chase Business Complete Checking — JPMorgan Chase Bank, National Association Monthly Fee: $15/mo Fee Waiver: $2,000 minimum daily ending balance in the Chase Business Complete Checking account each business day during the monthly statement period OR $2,000 in aggregate eligible Chase Payment Solutions deposits OR $2,000 in eligible Chase Ink/Sapphire Reserve for Business® card purchases OR a linked Chase Private Client Checking℠, JPMorgan Classic Checking, or Private Client Checking Plus account OR Chase Military Banking requirements Free Transactions: 20/mo Per-Txn Fee (over limit): $0.5 Min. Deposit: $0 Insurance: FDIC Entity Types: LLC, Sole Prop, C Corp, S Corp Availability: Available in all 50 states Apply: https://bancadia.com/go/jpmorgan-chase-bank/business-complete-checking Page: https://bancadia.com/products/business-checking/jpmorgan-chase-bank/business-complete-checking ## Frequently Asked Questions ### How many business checking accounts does Bancadia track? Bancadia tracks 13 active business checking accounts, each verified against fees, transaction limits, entity eligibility, insurance, and state availability. ### Which business checking account has the lowest monthly fee? Grasshopper Small Business Checking, Lili Business Checking, Mercury Business Banking, Relay Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Rho Business Checking Account, Karat Business Checking, Found Business Checking, Bluevine Business Checking, and Ramp Business Checking Account have the lowest monthly fee among the accounts Bancadia tracks, at $0/mo. ### Which business checking accounts have no monthly fee? Grasshopper Small Business Checking, Lili Business Checking, Mercury Business Banking, Relay Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Rho Business Checking Account, Karat Business Checking, Found Business Checking, Bluevine Business Checking, and Ramp Business Checking Account have a $0 monthly fee. ### Which business checking accounts accept sole proprietorships? Grasshopper Small Business Checking, Lili Business Checking, Relay Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Karat Business Checking, Found Business Checking, Bluevine Business Checking, Ramp Business Checking Account, CITIBUSINESS Streamlined Checking, and Chase Business Complete Checking accept sole proprietorships. ### Which business checking accounts accept nonprofit organizations? Lili Business Checking, Relay Business Checking, Novo Business Checking, Found Business Checking, Ramp Business Checking Account, and CITIBUSINESS Streamlined Checking accept nonprofit organizations. ### Which business checking accounts are available in all 50 states? Grasshopper Small Business Checking, Lili Business Checking, Mercury Business Banking, Relay Business Checking, Novo Business Checking, Highbeam Business Deposit Account, Rho Business Checking Account, Karat Business Checking, Found Business Checking, Bluevine Business Checking, Ramp Business Checking Account, CITIBUSINESS Streamlined Checking, and Chase Business Complete Checking are available nationwide (all 50 states). --- As of 2026-08-09 — the earliest verification date among the products in this comparison that have been verified.