ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Business Checking Online and Free Checking Account Online for Businesses: The Best Deals

Updated on September 3, 2012

Chase, Wells Fargo, BB&T, HSBC,PNC, Bank of America

Free business checking accounts and free business banking are the wave of the future. With the present economy, everyone should take advantage of money-saving strategies like free checking, and businesses need to save every penny they can. Free business banking might be hard to find, but a free checking account for your business isn't. One way to save your business money is by reducing or eliminating monthly fees charged by banks, which can really add up. Which banks offer the best free checking for businesses? There’s a wide discrepancy among reputable banks for managing your business checking account, so you need to do some investigating and comparing before making a decision.

Compare not only the monthly fees, but also the per-check and per-deposit fees, along with other services provided. The cheapest might not always actually be the least expensive in the long run, depending on your individual needs. Along with fees, think about time as a factor in overall cost. After all, time is money.

Most business owners and managers prefer to manage their business checking online, so make sure your financial institution offers this service. Some banks will also offer a free checking account online, even for business accounts.

Below are some of the best deals for business checking online and for a free checking account online for your business:


HSBC offers a free checking account online for businesses. There are no monthly maintenance fees and no minimum balance requirements. 10 free wire transfers per month are provided, along with free online Bill Pay. The Remote Deposit Capture feature allows business owners/managers to make deposits without leaving the work place. With this business checking online account, you can conduct banking online, at ATMs, and on the telephone.


PNC offers free business checking online for small businesses. This type of account is designed for sole proprietorships, start-up businesses, or any business with low monthly activity. Accounts can be opened with $100, and no minimum monthly balance is required. 200 transactions are allowed each month at no charge, along with deposits of up to $5,000. This is a true free checking account online, with free access online to recent account history, paid checks, deposit tickets, account balances, and bill pay. Transfers to checking from a PNC Money Market Account or Business Line of Credit are also provided. Your PNC Bank Business Visa Check Card can be used to pay bills, at PNC ATMs, and for purchases in stores, by phone, and online – all without fees.

BB & T

BB & T has a relatively new business checking online option for small business owners, called Business Value 500. The $25 monthly fee is waived for accounts with a $5,000 average daily balance, a $15,000 average monthly balance, A $50,000 average monthly balance in a business investor’s deposit account, OR a $50,000 combined monthly average balance among BB & T accounts like business loans and business CDs. Business Value 500 offers 500 free transactions per month, along with deposits up to $20,000. Free online banking, free bill pay, free automatic overdraft protection, and free business check cards are also provided. With this account, you also get a Visa Business Rewards credit card with no annual fee. Also, up to three business owners can each enjoy a free checking account online for personal use.

Bank of America

Bank of America offers a Business Economy checking account and a Business Advantage checking account. Both types of business checking online accounts offer free online banking and discounts on office products and office supplies.

The Business Economy checking account is geared toward new businesses and those with an average balance of less than $15,000, along with fewer than 150 deposits and checks paid per month and $10,000 or less deposited each month. The monthly maintenance fee is $12, UNLESS at least one qualifying purchase is made during the month with a Business Check Card, the checking balance does not fall below $3,000, or an average balance of $10,000 is maintained. After the first 150 checks paid and deposits, a $0.45 fee is charged for each.

The Business Advantage checking account is designed for businesses with an average balance of $15,000 or more, and up to 400 deposits and checks paid per month. The monthly fee is $29.95 UNLESS a $15,000 balance is maintained or the business has a $100,000 or more business term loan or lease.

Wells Fargo

Wells Fargo offers several options for business checking online accounts that vary from state to state. These might include Simple Business Checking, Business Checking, Business Checking with Interest, Expanded Business Checking, and the Business Dividend Checking Account. All include free ATM access, free overdraft protection, and free Business Online Service.

Simple Business checking is geared toward small businesses and small non-profit organizations. The $10 monthly fee is waived if the average balance of at least $1,000 is maintained and if the customer agrees to online statements only. Accounts can be opened for as little as $100, and this is a free checking account online if less than 50 deposits and checks paid occur per month and deposits total no more than $3,000.

Business Checking can be opened with $100 and is free with a $3,000 minimum daily balance, a $6,000 average ledger balance, OR at least one Wells Fargo Business Payroll transaction occurs each month from the account. 150 free deposits and checks paid are included, along with deposits of up to $5,000 per month.

Business Checking with Interest is Wells Fargo’s business checking online for sole proprietorships that have moderate activity. Accounts can be opened with $100, and interest is earned daily and paid on a monthly basis. The service is free with a $3,000 daily balance, a $6,000 average ledger balance, OR a Wells Fargo Business Payroll transaction is paid from the account every month. Free monthly transactions include up to 150 deposits and checks paid and $5,000 in total deposits.

Expanded Business Checking is for businesses that have up to 300 transactions per month and deposits of less than $5,000. The monthly fee is waived with an $8,000 minimum daily balance, an average ledger balance of at least $16,000, OR a $32,000 combined average ledger balance, making this a free checking account online for businesses.

The Business Dividend Checking Account is for businesses that have an average balance of at least $50,000. Funds automatically transfer between the checking account and a Wells Fargo Advantage Money Market Fund. Expenses are tracked categorically with the Business spending Report. The monthly fee is $15. The monthly sweep fee is $35.


Chase Bank offers several different types of business checking accounts. All include free access to over 15,000 ATMs, free email alerts, free online bill pay, free online check images, free business debit cards, and free statements online. Chase business checking accounts include Business Classic Checking, Advanced Business Checking, BusinessPlus Extra Checking, and Chase Non-Profit Business Classic Checking.

The Business Classic Checking is free with a qualifying personal checking account, a minimum monthly average, OR an active Chase business debit or credit card. 200 transactions and up to $10,000 deposited is allowed each month.

Advanced Business Checking monthly maintenance fees range from $12 to $17 but may be reduced or eliminated, depending on your balance. The first $25,000 deposited each month is free of charges. Transaction fees are $0.17 per debit and $0.40 per credit, unless the fees are waived.

BusinessPlus Extra checking accounts are free with a $12,000 average monthly balance. 500 monthly transactions are allowed. After that, the charge per transaction is $0.40. also included are overdraft protection, a business debit card, 4 free domestic outgoing wires per month, 4 free stop payments per month, and Business Online services.

Chase Non-Profit Business Classic provides a low cost or free checking account online for non-profit organizations. Check Safekeeping is $2 per month, Image Statement is $4 per month, and Check Enclosure is $6 per month. These fees are waived with a minimum monthly average balance of $4,000. 200 transactions per month are allowed at no cost. Additional transactions are $0.40 each. The free cash deposit limit is $10,000 per month for this free business checking account.

Businesses can save money with a free checking account online.
Businesses can save money with a free checking account online.

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)