Starting and managing a business in today's digital age requires efficient financial tools. One of the most crucial steps in setting up your business finances is choosing the right business bank account. With many options available, selecting the best online business bank accounts is key to streamlining your operations and maximizing your financial growth. Whether you're running a small startup or a growing enterprise, an online business bank account can offer convenience, lower fees, and powerful features to support your business needs.
In this article, we will explore the best online business bank accounts available in June 2025. We’ll delve into the key features of each account, what sets them apart, and how they can help you manage your business finances more efficiently.
Why Choose an Online Business Bank Account?
With the rise of digital banking, online business bank accounts are becoming the go-to choice for many entrepreneurs and small business owners. These accounts offer several advantages over traditional banks:
- Convenience: Access your business finances anytime and from anywhere with internet access. You can manage payments, track expenses, and transfer funds with ease.
- Lower Fees: Online banks tend to have lower operating costs, which they often pass on to customers in the form of fewer fees and better interest rates.
- Integration: Many online business bank accounts integrate seamlessly with accounting software, helping you stay organized and manage cash flow efficiently.
- 24/7 Support: Online banks often provide robust customer support through live chat, email, and phone, ensuring you can get help whenever needed.
With these benefits in mind, let’s dive into the best online business bank accounts for June 2025.
Detailed Overview of the Best Online Business Bank Accounts in June 2025
1. Lili Bank
Lili Bank offers a business checking account that’s designed specifically for freelancers and small businesses. With no monthly fees, no minimum balance requirements, and features like tax tools and expense categorization, it’s a great option for business owners who want to keep things simple. Lili also offers 50 free transactions per month, making it ideal for low-to-medium transaction businesses.
- Best For: Freelancers and small businesses.
- Key Features: Free account maintenance, tax tools, expense categorization, free mobile app.
2. Novo
Novo is a business banking platform that offers an easy-to-use online account with no monthly fees. The platform integrates with popular business tools like QuickBooks, Stripe, and Shopify, which can help streamline financial management. Novo offers unlimited transactions and no minimum balance requirements, making it an excellent choice for startups and businesses that need flexibility.
- Best For: Startups and tech companies.
- Key Features: Unlimited transactions, no minimum balance, integration with popular apps.
3. BlueVine
BlueVine provides a business checking account that offers 1.5% APY on balances, which is a standout feature among online business banks. The account has no fees and provides unlimited transactions, making it ideal for businesses that need to manage a high volume of payments and save money with interest. The ease of use and high return on savings sets it apart.
- Best For: High-growth businesses needing savings options.
- Key Features: 1.5% APY, unlimited transactions, no fees.
4. Axos Bank
Axos Bank’s business checking account offers several options, including a no-fee account for businesses maintaining a $5,000 balance or higher. It has unlimited transactions, free ATM access, and robust online banking tools. This makes it an excellent choice for businesses that have high transaction volumes and need access to cash with low fees.
- Best For: Businesses with high transaction volumes.
- Key Features: Free ATM access, unlimited transactions, online banking tools.
5. Relay
Relay is a unique online banking platform that offers businesses multiple sub-accounts for managing different aspects of finances (like payroll, taxes, and expenses). With no fees and unlimited transactions, Relay is perfect for businesses with multiple team members or those that want to streamline financial management across different departments.
- Best For: Businesses with multiple team members.
- Key Features: Multiple sub-accounts, expense tracking, unlimited transactions.
6. Wise
Wise (formerly TransferWise) is known for its low international transfer fees and multi-currency accounts. If your business operates globally or frequently makes cross-border payments, Wise is an excellent choice. It also allows you to hold balances in multiple currencies and offers low fees on international transfers.
- Best For: Businesses with global needs.
- Key Features: Multi-currency support, low international transfer fees.
Conclusion
Choosing the best online business bank account for your business depends on your needs, transaction volume, and the features you value most. Whether you’re looking for a simple, fee-free account, a high-interest business checking account, or a platform that offers seamless integration with accounting tools, there is an online business account for every business type.
By carefully evaluating each bank’s features, fees, and benefits, you can make an informed decision and unlock the potential of your business finances.
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