Business Checking Sub-accounts 101
Sub-accounts make it easier to manage cash flow, expenses, and budget—all while earning interest.BVSUP-00118
With Bluevine Business Checking, you can now add up to 5 no-fee sub-accounts to your existing Business Checking account, for a total of 6 accounts.
Sub-accounts come with all the same benefits you’re used to, including no minimum balance requirements, no monthlyBVSUP-00122 or overdraft fees, and unlimited transactions.BVSUP-00043
How to add a sub-account to your Business Checking account
You can set up a sub-account from your Bluevine dashboard in a few simple steps.BVSUP-00055
- Click the dropdown by your Business Checking account number
- Select “Add sub-account”
- Enter a purpose and nickname for your sub-account
- Confirm that your beneficial ownership info is up to date
Once you’ve received confirmation that the sub-account was added, you’ll be able to transfer money, make payments, and more.
How to set up an automatic transfer rule with your Bluevine sub-accounts
An automatic transfer rule is a transfer you can set up to take place when certain balance conditions are met. An example of a rule is a maximum balance rule. In a maximum balance rule, balances over a certain amount are automatically transferred from one account to another.
You can set up an automatic transfer rule from your Bluevine dashboard in a few simple steps.
- Navigate to Settings and select “Checking”
- Click “Create rule”
- Choose the type of rule you want to create, ie: maximum or minimum balance
- Provide where you’d like balances to be distributed and how often
- Click “Next” and then “Create rule” after confirming the details
Once you set up an automatic transfer rule, you can edit it anytime from the Settings menu. Authorized users can also set up and manage rules, and accountants can view active rules.
How we calculate interest across your accounts
Interest is calculated on the total balance held across your main account and sub-accounts. Standard plan customers will earn 2.0% annual percentage yield (APY) on total balances up to $250,000.BVSUP-00005 Premier plan customers will earn 4.25% APY on total balances up to $3 million.BVSUP-00117
Any interest you earn will be deposited into your main Bluevine Business Checking account.
Frequently asked questions about sub-accounts
Learn the basics of Bluevine sub-accounts so you can use them to simplify money management for payroll, expenses, taxes, emergencies, or other business needs.
A sub-account is an account with its own dedicated account number that you can use in addition to your main Bluevine Business Checking account. All Bluevine Checking accounts have the same routing number, but each sub-account will have a unique account number.
Currently, each Bluevine Business Checking account can have up to 5 sub-accounts. That means that you can have up to 6 active Bluevine checking accounts.
Only your Business Checking account owner can open a sub-account. Once your sub-account is opened, all additional users will have access and can complete transactions, move money, and make payments across all open accounts.
Yes, each sub-account will come with a dedicated account number. This makes it easier to track how your money moves across your accounts and control which account vendors, suppliers, and contractors can bill. You can also order separate checkbooks if you’d like to make payments from one or more of your sub-accounts.
No, you will not receive a separate debit card for your sub-accounts. Your existing Bluevine Business Debit Mastercard® will still only debit from your main account.
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