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Frequently asked questions

Small businesses can avoid the complicated fee structures and hidden fees often associated with traditional banks. Bluevine Business Banking offers unlimited transactions, no monthly fees, no minimum balances or deposits, no ACH payment fees, no NSF charges, nor ATM fees at 37,000+ locations in the MoneyPass® network.

The only fees associated are with expedited debit card replacements, cash deposit fees at Green Dot® retail locations ($4.95) and outgoing wires ($15), which is significantly lower than the industry standard.

Bluevine Business Checking offers no monthly, incoming wire, or NSF fees, dedicated live support, and lets eligible customers earn 1.5% interest on balances up to and including $100,000––that’s 50x the national average.

Meet one of the following monthly eligibility requirements to earn 1.5% interest:

Spend $500 per month with your Bluevine Business Debit Mastercard® issued by Coastal Community Bank pursuant to a license from Mastercard inc, which you can use everywhere Mastercard® is accepted

OR

Receive $2,500 per month in customer payments into your Bluevine Business Checking account via ACH, wire transfer, mobile check deposit, or directly from your merchant payment processing provider

Plus, you can withdraw cash for free from 37,000+ in-network ATM branches through our partnership with the MoneyPass® network using your Bluevine Business Debit Mastercard® and your deposits are FDIC-insured up to $250,000 through Coastal Community Bank, Member FDIC. We also offer a simple, easy-to-use dashboard and mobile app to deposit checks, view your balance, and complete other everyday banking activities.

Yes, Bluevine Business deposits are FDIC insured up to $250,000 per depositor through Coastal Community Bank, Member FDIC. You can learn more about coverage on the FDIC website.

There are a few ways that you can send and receive money. You can easily make payments to vendors or external accounts through ACH or domestic wire transfers. Add funds into your Bluevine Business Checking account through a mobile check deposit, initiate a transfer from external accounts within the Bluevine Dashboard, or initiate a transfer within your external bank account outside of Bluevine. You can also receive incoming domestic wires at no cost. Outgoing wires are $15 per transaction, which is significantly lower than the industry standard.

As long as you maintain a balance in your account, you can also get 200 at no cost checks by ordering through your Bluevine dashboard, so you can write checks from your balance.

All business owners are invited to apply for a bank account. To open an account, you must be:

  • A small business owner
  • At least 18 years old
  • A U.S. citizen or permanent U.S. resident with a verifiable address in one of the fifty (50) United States or the District of Columbia
  • Not in the following industries: Adult Entertainment, Gambling, Weapons and Firearms, Illegal Substances, Virtual Currency

Other restrictions may apply. Full terms and restrictions may be found in the agreement at the time of application.

Ineligible locations: U.S. Territories including Puerto Rico.

Frequently asked questions

To use your Bluevine line of credit, here’s how it works: Once approved for a credit line, request funds directly from your dashboard. Funds are then deposited in your bank account in as fast as hours. Payments are automatically debited from your account each week or month over 6 or 12 months. As you pay off your balance, your available credit line is automatically replenished. Plus, because your repayments are calculated with simple interest, you can save on interest when you pay early. Bluevine doesn’t charge prepayment, or early repayment, fees.

Weekly repayments are automatically debited from your bank account. As long as you have sufficient money in your bank account, you never have to worry about missing a payment.

Frequently asked questions

When making a payment, you can choose your Bluevine Business Checking account or an external account as a source of funds or add almost any credit or debit card. Adding a credit card allows you to pay almost any vendor, even if they don’t accept credit cards.

To make sending payments easy, if your payee is one of 40,000 companies in our directory of pre-verified billers (referred to as a “registered” payee), all you need is their zip code and your account number with the payee to send an ePayment (similar to an ACH).

Bluevine Bill Pay is paired with Bluevine Business Checking so you can seamlessly access both from your Bluevine Dashboard.

Use Bill Pay to easily pay bills, vendors, or suppliers. 

Plus, you can earn 1.5% interest on your Bluevine Business Checking balance up to and including $100,000.

Meet one of the following monthly eligibility requirements to earn 1.5% interest:

Spend $500 per month with your Bluevine Business Debit Mastercard® issued by Coastal Community Bank pursuant to a license from Mastercard inc, which you can use everywhere Mastercard® is accepted

OR

Receive $2,500 per month in customer payments into your Bluevine Business Checking account via ACH, wire transfer, mobile check deposit, or directly from your merchant payment processing provider

ACH and check payments from your Bluevine Business Checking account have no additional cost. For payments by credit card, there is a 2.9% fee charged to your card. For outgoing wires, there is an additional $15 per payment fee.

Frequently asked questions

No. If Bluevine was managing your loan forgiveness process, we’ve sent you additional information by email. If your loan was provided through our bank partner Celtic Bank and your loan is under $150,000, you may apply directly with the Small Business Administration. If your loan was provided through Celtic Bank and your loan is over $150,000, we’ve sent you more details about how to apply through Celtic. You may contact them at (800) 509-6191 or PPPForgiveness@CelticBank.com. 

If your loan was provided through Cross River Bank, you should have received a welcome email from Scratch, a loan servicer working with Cross River Bank to manage your loan forgiveness and repayment process.

The SBA Paycheck Protection Program (PPP) was specifically designed to aid eligible small businesses with forgivable loans during the Coronavirus pandemic. The latest government stimulus package committed $284.5B to PPP and allowed for second draws and simplified loan forgiveness.

No. The program has concluded. However, we hope to help strengthen your business through our other banking and lending services. 

We’re here for you

By phone

If you’re experiencing an urgent issue,
you can call us during weekdays.

Banking and Lending

Call us at (888) 216-9619
  • Monday through Friday 8am to 8pm (ET)

Paycheck Protection Program

Call us at (650) 338-4012
  • Monday through Friday 8am to 6pm (ET)

By email

If you’re experiencing a non-urgent issue,
send us a detailed explanation.