Small Business Resources

Read through guides and FAQs to quickly answer your questions.

Resources
How to Avoid Hidden Checking Account Fees

October 19, 2020

How to Avoid Hidden Checking Account Fees

As a small business owner, you're likely familiar with monthly account fees. Most major banks charge businesses savings or checking account fees to maintain an...

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What’s the Difference Between a Personal and Business Checking Account?

September 30, 2020

What’s the Difference Between a Personal and Business Checking Account?

When you first start a business, it might make sense to use your personal checking account for business purposes. On one hand, personal checking accounts...

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Business Checking FAQs

You can sign up for a BlueVine Business Checking account in a few minutesBVSUP-00006 with some basic information about you and your business. After you sign up, you have the option to deposit funds into your account with reliable, fast, and responsive customer service––all while earning 0.6% interest on your balance up to $100,000.BVSUP-00005

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.

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.

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.

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.

Bank better now

Apply for a business checking account or line of credit in just minutes.

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