# No-Monthly-Fee Business Checking Accounts, Differentiated

Every business checking account with a $0 base monthly fee, cross-referenced against overdraft fees, cash deposit support, nonprofit eligibility, instant payments, and international wire costs — because "no monthly fee" alone no longer differentiates most of the market.

Page: https://bancadia.com/compare/business-checking/no-monthly-fee
Verified as of 2026-08-09

## Quick Answer

11 of the business checking accounts Bancadia tracks have a $0 base monthly fee. Of those, Lili Business Checking, Relay Business Checking, and Found Business Checking both accept nonprofit organizations and support cash deposits. Mercury Business Banking and Ramp Business Checking Account charge $0 for outgoing international wires despite having no monthly fee.

## Comparison Table

| Product | Institution | Overdraft | Cash Deposits | Nonprofit Eligible | Instant Payments | Intl. Wire Out | Application URL |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Lili Business Checking | Lili App Inc. | $0 | Accepted | Yes | Not supported | $25 | https://bancadia.com/go/lili/business-checking |
| Mercury Business Banking | Mercury Technologies, Inc | $0 | Not supported | No | Not supported | $0 | https://bancadia.com/go/mercury/business-banking |
| Relay Business Checking | Relay Financial Technologies Inc. | $0 | Accepted | Yes | Not supported | $5 | https://bancadia.com/go/relay/business-checking |
| Novo Business Checking | Novo Platform Inc. | $0 | Not supported | Yes | Not supported | Not published | https://bancadia.com/go/novo/business-checking |
| Highbeam Business Deposit Account | Highbeam, Inc. | $0 | Accepted | No | Not supported | $20 | https://bancadia.com/go/highbeam/business-checking |
| Rho Business Checking Account | Under Technologies, Inc. DBA Rho Technologies | $0 | Not supported | No | Not supported | $15 | https://bancadia.com/go/rho/business-checking |
| Karat Business Checking | Karat Financial Technologies Incorporated | $0 | Accepted | No | Not supported | $40 | https://bancadia.com/go/karat/business-checking |
| Found Business Checking | Indie Technologies, Inc. dba Found | $0 | Accepted | Yes | Supported | Not published | https://bancadia.com/go/found/online-business-checking |
| Bluevine Business Checking | Bluevine Capital Inc. | $0 | Not supported | No | Not supported | $25 | https://bancadia.com/go/bluevine/business-checking |
| Ramp Business Checking Account | Ramp Business Corporation | $0 | Not supported | Yes | Supported | $0 | https://bancadia.com/go/ramp/business-checking |
| Grasshopper Small Business Checking | Grasshopper Bancorp, Inc. | Not published | Not supported | No | Supported | $25 | https://bancadia.com/go/grasshopper/small-business-checking |

## Every Fee, Stated Plainly

### Lili Business Checking — Lili App Inc.
Lili Business Checking (no monthly fee) has an overdraft fee of $0. Lili Business Checking (no monthly fee) — cash deposits: Accepted. Lili Business Checking (no monthly fee) accepts nonprofit organizations: Yes. Lili Business Checking (no monthly fee) — instant payment rail (FedNow/RTP): Not supported. Lili Business Checking (no monthly fee) charges $25 for outgoing international wires.
Apply for Lili Business Checking at https://bancadia.com/go/lili/business-checking.

### Mercury Business Banking — Mercury Technologies, Inc
Mercury Business Banking (no monthly fee) has an overdraft fee of $0. Mercury Business Banking (no monthly fee) — cash deposits: Not supported. Mercury Business Banking (no monthly fee) accepts nonprofit organizations: No. Mercury Business Banking (no monthly fee) — instant payment rail (FedNow/RTP): Not supported. Mercury Business Banking (no monthly fee) charges $0 for outgoing international wires.
Apply for Mercury Business Banking at https://bancadia.com/go/mercury/business-banking.

### Relay Business Checking — Relay Financial Technologies Inc.
Relay Business Checking (no monthly fee) has an overdraft fee of $0. Relay Business Checking (no monthly fee) — cash deposits: Accepted. Relay Business Checking (no monthly fee) accepts nonprofit organizations: Yes. Relay Business Checking (no monthly fee) — instant payment rail (FedNow/RTP): Not supported. Relay Business Checking (no monthly fee) charges $5 for outgoing international wires.
Apply for Relay Business Checking at https://bancadia.com/go/relay/business-checking.

### Novo Business Checking — Novo Platform Inc.
Novo Business Checking (no monthly fee) has an overdraft fee of $0. Novo Business Checking (no monthly fee) — cash deposits: Not supported. Novo Business Checking (no monthly fee) accepts nonprofit organizations: Yes. Novo Business Checking (no monthly fee) — instant payment rail (FedNow/RTP): Not supported. Novo Business Checking (no monthly fee) charges Not published for outgoing international wires.
Apply for Novo Business Checking at https://bancadia.com/go/novo/business-checking.

### Highbeam Business Deposit Account — Highbeam, Inc.
Highbeam Business Deposit Account (no monthly fee) has an overdraft fee of $0. Highbeam Business Deposit Account (no monthly fee) — cash deposits: Accepted. Highbeam Business Deposit Account (no monthly fee) accepts nonprofit organizations: No. Highbeam Business Deposit Account (no monthly fee) — instant payment rail (FedNow/RTP): Not supported. Highbeam Business Deposit Account (no monthly fee) charges $20 for outgoing international wires.
Apply for Highbeam Business Deposit Account at https://bancadia.com/go/highbeam/business-checking.

### Rho Business Checking Account — Under Technologies, Inc. DBA Rho Technologies
Rho Business Checking Account (no monthly fee) has an overdraft fee of $0. Rho Business Checking Account (no monthly fee) — cash deposits: Not supported. Rho Business Checking Account (no monthly fee) accepts nonprofit organizations: No. Rho Business Checking Account (no monthly fee) — instant payment rail (FedNow/RTP): Not supported. Rho Business Checking Account (no monthly fee) charges $15 for outgoing international wires.
Apply for Rho Business Checking Account at https://bancadia.com/go/rho/business-checking.

### Karat Business Checking — Karat Financial Technologies Incorporated
Karat Business Checking (no monthly fee) has an overdraft fee of $0. Karat Business Checking (no monthly fee) — cash deposits: Accepted. Karat Business Checking (no monthly fee) accepts nonprofit organizations: No. Karat Business Checking (no monthly fee) — instant payment rail (FedNow/RTP): Not supported. Karat Business Checking (no monthly fee) charges $40 for outgoing international wires.
Apply for Karat Business Checking at https://bancadia.com/go/karat/business-checking.

### Found Business Checking — Indie Technologies, Inc. dba Found
Found Business Checking (no monthly fee) has an overdraft fee of $0. Found Business Checking (no monthly fee) — cash deposits: Accepted. Found Business Checking (no monthly fee) accepts nonprofit organizations: Yes. Found Business Checking (no monthly fee) — instant payment rail (FedNow/RTP): Supported. Found Business Checking (no monthly fee) charges Not published for outgoing international wires.
Apply for Found Business Checking at https://bancadia.com/go/found/online-business-checking.

### Bluevine Business Checking — Bluevine Capital Inc.
Bluevine Business Checking (no monthly fee) has an overdraft fee of $0. Bluevine Business Checking (no monthly fee) — cash deposits: Not supported. Bluevine Business Checking (no monthly fee) accepts nonprofit organizations: No. Bluevine Business Checking (no monthly fee) — instant payment rail (FedNow/RTP): Not supported. Bluevine Business Checking (no monthly fee) charges $25 for outgoing international wires.
Apply for Bluevine Business Checking at https://bancadia.com/go/bluevine/business-checking.

### Ramp Business Checking Account — Ramp Business Corporation
Ramp Business Checking Account (no monthly fee) has an overdraft fee of $0. Ramp Business Checking Account (no monthly fee) — cash deposits: Not supported. Ramp Business Checking Account (no monthly fee) accepts nonprofit organizations: Yes. Ramp Business Checking Account (no monthly fee) — instant payment rail (FedNow/RTP): Supported. Ramp Business Checking Account (no monthly fee) charges $0 for outgoing international wires.
Apply for Ramp Business Checking Account at https://bancadia.com/go/ramp/business-checking.

### Grasshopper Small Business Checking — Grasshopper Bancorp, Inc.
Grasshopper Small Business Checking (no monthly fee) has an overdraft fee of Not published. Grasshopper Small Business Checking (no monthly fee) — cash deposits: Not supported. Grasshopper Small Business Checking (no monthly fee) accepts nonprofit organizations: No. Grasshopper Small Business Checking (no monthly fee) — instant payment rail (FedNow/RTP): Supported. Grasshopper Small Business Checking (no monthly fee) charges $25 for outgoing international wires.
Apply for Grasshopper Small Business Checking at https://bancadia.com/go/grasshopper/small-business-checking.

## Frequently Asked Questions

### Which business checking accounts have no monthly fee?
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, and Grasshopper Small Business Checking all have a $0 base monthly fee among the accounts Bancadia tracks.

### Is there a free business checking account that accepts nonprofits and takes cash deposits?
Lili Business Checking, Relay Business Checking, and Found Business Checking have no monthly fee, accept nonprofit organizations, and support cash deposits.

### No monthly fee and free international wires — which business checking account has both?
Mercury Business Banking and Ramp Business Checking Account have a $0 monthly fee and charge $0 for outgoing international wires.

### Which free business checking accounts have no overdraft fee either?
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 charge $0 for both the monthly fee and overdrafts.

---

As of 2026-08-09 — the earliest verification date among the products in this comparison that have been verified.