FAQs

Get answers to frequently asked questions about Bluevine Business Checking,
Line of Credit, Bill Pay, and more.

Yes, you can withdraw cash fee-free using the Bluevine Business Debit Mastercard® from 37,000+ in-network ATM branches through our partnership with the MoneyPass® network. For a list/map of ATMs, please visit the MoneyPass network’s ATM locator.

You can also withdraw cash from out-of-network ATMs for a fee.

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.

Yes, you can deposit both cash and checks with your Bluevine Business Checking account. Mobile deposit allows you to deposit checks from the comfort of your home or office. All you need is the Bluevine mobile app (available in both the Apple App store and the Google Play store), a properly endorsed check, and a well-lit area. Or deposit cash at 90,000+ retail locations with our partnership with Green Dot®. For a list of locations, visit https://www.attheregister.com/locations.

Bluevine Business Checking is currently only available in the fifty (50) United States and the District of Columbia.
Bluevine cannot accept or initiate international wires.

Funds will likely become available between 1 to 6 business days. Please note that once the depositing process has begun you cannot cancel the deposited check.

Bluevine Business Checking offers no monthly, incoming wire, or NSF fees, dedicated live support, and lets eligible customers earn 2.0% interest on balances up to and including $100,000––that’s 30x the national average.

Meet one of the following monthly eligibility requirements to earn 2.0% 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.

Opening a Bluevine Business Checking account does not explicitly improve your chances of being approved for a loan. However, by opening up a Bluevine Business Checking account, small businesses will be able to build transaction and credit history with us – which will help us smoothly and efficiently evaluate these customers for loans.

You can apply for a Bluevine Business Checking account in a few minutes with some basic information about you and your business. With a Bluevine Business Checking account, you have the option to deposit funds into your account with reliable, fast, and responsive customer service.

Meet one of the following monthly eligibility requirements to earn 2.0% interest on balances up to and including $100,000.

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

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.

Interest is calculated as simple interest daily and credited monthly. Interest is computed on a calendar year basis. We pay interest only in whole cents. Therefore, at the end of each monthly interest payment period, any fractional amount of interest less than half of one cent will be rounded down and any fractional amount of interest equal to half of one cent or more will be rounded up to the next whole cent.

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.

A business line of credit gives you the ability to access funding when you want, up to your credit limit. And unlike a traditional loan or merchant cash advance that is one-time, Bluevine’s Flex Credit is “revolving credit.” This means that as you repay back your outstanding funds, your available credit replenishes, and you can draw additional funds again as you like.

To meet the minimum requirements for our Line of Credit, your business must have been in operation for at least 24+ months, be a corporation or LLC, have a personal credit score of 625+ or more, and your business must generate at least $40,000 each month in revenue.

Due to regulations, we also cannot provide lines of credit to the following states:

  • Nevada
  • North Dakota
  • South Dakota

If you don’t meet our Line of Credit requirements, you may be eligible for Invoice Factoring, which allows you to get a cash advance based on your outstanding invoices.

See our restricted industries list

As quickly as a few hours once approved. With Bluevine you can choose between ACH electronic transfers or bank wire transfers. ACH transfers are free and the funds usually appear the next business day (but may take up to three). A bank wire costs $15 per wire and funds are typically available in your bank account the same day.

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.

Online bill pay is a secure service that empowers you to electronically send payments to vendors without having to manually write out a check and mail it. Bluevine Bill Pay lets you make or schedule bill payments in a variety of ways, streamlining the process so you can save time and focus more on growing your business.

Save time paying your business bills with Bluevine Bill Pay, a robust payments platform that lets you choose from payment options you know and sync with tools like QuickBooks® Online.

Learn more about our bill pay platform.

With Bluevine Bill Pay, you can pay using your Bluevine Business Checking account, an external account, or a credit card. Then you can have your payment delivered via check, wire transfer, or free ACH.

Credit card payments come with a 2.9% fee. Check payments have a fee of $1.50. Outgoing wires have a fee of $15.

You can also select same-day ACH payment for a $10 fee. Be sure to submit by 1:15pm ET for same-day delivery to your payee.

Yes, you can make bill payments with your business credit card to most vendors, even if they don’t accept credit cards. If you choose to pay by credit card, you can have your payment delivered via check, ACH, or wire.

Each credit card bill payment comes with a 2.9% fee.

Learn more about paying bills by credit card.

The fastest way to pay your vendors is to add them as a payee on your Bluevine dashboard. If your payee is one of our 40,000+ pre-verified payees—which we call “registered payees”—you can choose them from our list. If your payee is not registered, all you need is their zip code and your account number with the payee to send an ePayment via ACH. 

Learn more about adding a payee.

When creating a new payment on Bluevine Bill Pay, you can select the payment’s frequency as weekly, bi-weekly, or monthly. As with all payments, you’ll also select a payee, payment type, amount, and date—in this case, the first date of your recurring payments. You cannot edit the frequency of an existing payment.

To create a one-time scheduled payment, select any payment send date within the next year.

Learn more about recurring payments.

Yes, you can make or schedule multiple payments at the same time by selecting the corresponding checkboxes for the bills you want to pay in your dashboard.

Processing times vary based on funding source and payment method. For more information on payment processing times, please read our support article.

Seamlessly access both your business checking account and bill pay platform from your Bluevine dashboard. You can also easily use Bluevine Business Checking as your funding source for bill payments.

Check payments $1.50 fee
Standard ACH payments from Bluevine Business Checking
(2-3 business days)
Free
Same-day ACH payments
(must be ordered before 1:15pm ET)
$10 fee
Outgoing wires $15 fee
Credit card payments 2.9% fee charged to your card

When you make payments by check, we’ll issue and mail a check to your payee for you. Check payments come with a $1.50 fee. Or, you can choose same-day ACH payments for a $10 fee per payment.

Automatically reconcile bills by syncing with QuickBooks® Online,or easily forward bills to your secure Bluevine email address and manage them from your dashboard.

You can also set up bill approval workflows with additional users to streamline your processes and cut down unnecessary back and forth.

Once you’ve invited additional users to access your account, you can set up roles and permissions for authorized users and your accountant or bookkeeper to allow them to submit bill payments for your review.

When making a payment to a payee, you can have it delivered via check. The best part: we’ll endorse and send the check for you, and we’ll automatically protect you against check fraud. Each outgoing check payment sent through Bill Pay comes with a $1.50 fee.

Checks printed and mailed via Bluevine have advanced security features that help protect you against check fraud, so you can rest easy.

Yes, you can easily sync your Bluevine account with your QuickBooks® Online account to import payee information and categories, and export accurate transaction data. This connection can also help you reconcile bills faster and make sure your numbers always line up when you close out your books and file taxes.

With convenient payee profiles, you no longer need to filter and search for a specific payment. Simply click a payee’s name in your dashboard so you can view year-to-date payments and easily see whether you have an open balance.

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. 

Have more questions?