Question 1

How can I earn interest on my Bluevine Business Checking balances?

Accepted Answer

Eligible customers can earn up to 3.7% annual percentage yield (APY) on their checking balances.

With our Standard plan, you can earn 1.5% APY on balances up to $250,000 when you meet one of the following monthly eligibility requirements:

Spend $500 per month with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard

OR

Receive or deposit $2,500 per month in customer payments to your Bluevine checking account or sub-accounts

You can earn 2.7% APY on balances up to $250K with our Plus plan and 3.7% APY on balances up to $3M with our Premier plan. With our upgraded Plus and Premier plans, APY is earned automatically with no spend or deposit requirements.

Question 2

Are there any fees or minimums?

Accepted Answer

Our Business Checking customers enjoy a straightforward fee structure. We don’t charge monthly fees, overdraft fees, incoming domestic wire or ACH fees, or in-network ATM fees. We also don’t have a minimum balance requirement or limits on the number of transactions you can perform.
 We do charge fees for certain transactions, such as outgoing wire transfers or international payments. Learn how Bluevine’s fees compare to other business checking accounts.

Question 3

Are my deposits FDIC-insured?

Accepted Answer

Yes, Bluevine accounts are FDIC insured up to $3,000,000 per depositor through Coastal Community Bank, Member FDIC and our program banks. $3,000,000 in FDIC insurance is offered by multiplying the standard $250,000 FDIC coverage across multiple banks. Visit here for more details.

Question 4

What do I need to apply for a Bluevine Business Checking account?

Accepted Answer

Required documentation may vary slightly depending on what type of entity your business is, but this information broadly falls into three categories:

First, we’ll ask for some basic information to create your sign-in: your full name, email address, mobile phone number, and a secure password.
Second, we’ll want to know about your business: trade name or DBA name, business address and phone number, EIN confirmation letter, annual revenue, entity type, and your industry.
Third, we’ll want to learn about you and anyone who owns 25% or more of the business: home address and phone number, date of birth, SSN, and ownership percentage of the business. We may also ask for the front and back of your driver's license.

For a detailed breakdown of what you’ll need by entity type, click here.

Question 5

Who can get a Bluevine Business Checking account?

Accepted Answer

Bluevine Business Checking is currently only available in the United States—we don’t accept applications from businesses in U.S. territories or other countries. Businesses in the following industries are ineligible for Bluevine Business Checking:      - Illegal gambling    - Pornography and paraphernalia    - Firearms and paraphernalia    - Illegal substances    - Other controlled substances (including medicinal marijuana, marijuana, cannabis, and hemp) and paraphernalia    - Penny auction companies and bulk exchanges of virtual currency (e.g., cryptocurrency)    - Political campaigns   Any eligible United States–based sole proprietorships, corporations, partnerships, or nonprofit corporations are welcome to apply online.

Question 6

What is a business checking account?

Accepted Answer

A business checking account is a bank account designed specifically for businesses to manage their finances. It allows business owners to deposit and withdraw money, make payments, and track their transactions.

Question 7

How do I qualify for a business checking account?

Accepted Answer

To qualify for a business checking account typically requires legal documentation, like a business license or articles of incorporation. When applying, make sure you have your identification readily available. Depending on the institution, you may also need to meet certain requirements, like minimum deposits or credit scores.

Question 8

What’s the difference between checking and business checking?

Accepted Answer

A traditional checking account is designed for personal use, while business checking accounts often come with additional features and services that are specifically tailored to meet the needs of businesses.

Question 9

What information is needed to open a business checking account?

Accepted Answer

To open a business checking account, you’ll typically need to provide documentation that verifies your business's legal existence, such as a business license or articles of incorporation. You’ll also need to provide identification and may need to meet other requirements such as minimum deposits or credit scores.

Question 10

Do I get a business debit card with my Bluevine Business Checking account?

Accepted Answer

Yes, your Bluevine Business Checking account comes with the convenient and secure Bluevine Business Debit Mastercard®, which rewards you for everyday business purchases. For no additional fee, you can also issue up to four additional debit cards to your trusted team members, so you can make business purchases without sharing card details over text or email. Learn more about your debit card’s benefits.

Question 11

How do I choose the best bank account for my business?

Accepted Answer

Choosing the best business checking account for your company depends on your specific needs and what services and perks you find most desirable. This can include:  - Low fees (monthly, transfer, overdraft, etc.)  - Unlimited transactions  - High-yield interest rates  - Easy-to-use dashboard and accounts payable  - Accessible, helpful customer service If brick-and-mortar locations aren’t crucial for you, a powerful digital platform like Bluevine Business Checking may be the perfect fit for your company.

Question 12

What kind of bank account should I open as an LLC?

Accepted Answer

Business checking accounts facilitate the sending and receiving of business-related payments. These typically include accounts payable tools built for businesses, and are a must-have for LLC owners. Compared to personal checking accounts, business checking accounts have different fee structures that are better suited to businesses.If you want to earn interest on operating balances, look for a high-yield business checking account. This way, you can earn more interest on your money without having to wait or pay to move it between a checking and savings account.

Question 13

Can I open a bank account with an EIN only?

Accepted Answer

Since business bank accounts are opened in the name of a business instead of an individual, you’ll need an Employer Identification Number (EIN) or Tax Identification Number (TIN) in addition to your SSN and address, plus certain documentation about your business. Exact requirements vary between banks and financial services providers.

Question 14

How much does it cost to set up a business checking account?

Accepted Answer

Most business checking accounts cost $0 to apply and open, while some require an opening deposit of $20-50. Exact requirements vary between banks and financial services companies.With Bluevine Business Checking, you can get started in minutes, completely free.

Better banking starts here.

Business banking that gets you
more for your money.

Save with no
monthly fees.

Earn high interest
on checking.

FDIC insurance up to $3M.

Run your business from anywhere.

Mobile check
deposit

Automated accounts
payable

Account access
for your team

Sub-accounts for
easier budgeting

Debit cards for you
and your team

ACH fraud protection

Bank with confidence.

The expert support
you need

Advanced security
features

$3 million in
FDIC coverage

See why our customers
love Bluevine.

Online business checking FAQs

Explore helpful guides.

What’s required to apply for a Business Checking account?

How you can earn 1.5% APY

Streamline transactions by connecting financial apps.

Ready to apply for
business checking?

Better banking starts here.

Business banking that gets you more for your money.

Save with no monthly fees.

Earn high interest on checking.