Best Business Bank for Bookkeepers
You balance everyone's books. Let us balance yours.
What Bookkeepers Need From a Bank
Average Revenue
$40,000–$100,000
Cash Flow Pattern
Relatively steady with recurring retainers; year-end and tax season bring extra project work; client churn creates occasional dips
Typical Transactions
30-120/month
Category
Professional Services
Primary Banking Needs
Bookkeepers deserve the same financial clarity they give their clients
You manage books for 20 clients but your own practice finances are a mess
Between QuickBooks, Gusto, Bill.com, and Dext, you're paying $400/month in software and haven't checked if it's worth it
Two clients churned this month and your revenue dropped 15% overnight
Best Banks for Bookkeepers Compared
| Bank | Monthly Fee | APY | FDIC |
|---|---|---|---|
| Holdings | $0 | 1.75% | $3,000,000 |
| Relay | $0 | Up to 2.68% | $250,000 |
| Novo | $0 | N/A | $250,000 |
| Bluevine | $0 | Up to 3.0% | $250,000 |
| Lili | $0 | Up to 4% | $250,000 |
| Chase | $15 | N/A | $250,000 |
Holdings
$0/mo · 1.75% APYIndependent bookkeepers who want their own finances automated while they serve clients
Key Features
- •AI bookkeeping that automates your own business finances
- •Unlimited sub-accounts for each client retainer
- •Automatic expense categorization matching accounting standards
- •Real-time P&L for your bookkeeping practice
- •Seamless bank feed exports to major accounting platforms
Pros
- ✓No fees ever
- ✓AI does your bookkeeping so you can focus on clients
- ✓High FDIC coverage through partner banks
- ✓Clean transaction data exports for your own books
Cons
- ✗Newer to market
- ✗Digital-first approach may not suit all
Relay
$0/mo · Up to 2.68% APYBookkeepers who practice Profit First and want to recommend banking to clients
Key Features
- •Up to 20 checking accounts for client fund separation
- •Profit First methodology built in
- •Accountant/bookkeeper portal for client access
- •Automatic transfers between accounts
- •Clean bank feeds for accounting software
Pros
- ✓Purpose-built for Profit First practitioners
- ✓Bookkeeper portal lets you manage client accounts
- ✓Multiple accounts at no extra cost
- ✓No transaction fees
Cons
- ✗Higher APY requires paid plans ($30-$90/mo)
- ✗No physical branches
- ✗No cash deposit options
Novo
$0/mo · N/A APYBookkeepers who live in QuickBooks or Xero and want seamless bank integration
Key Features
- •QuickBooks, Xero, and FreshBooks integrations
- •Free invoicing for client billing
- •Automatic reserves for quarterly taxes
- •Clean bank feed data
- •Multiple user access for team members
Pros
- ✓Best-in-class accounting software integrations
- ✓No monthly fees or minimums
- ✓Clean transaction data for reconciliation
- ✓Easy to recommend to clients
Cons
- ✗No interest earned on balances
- ✗No branch access
- ✗Limited customer support
Bluevine
$0/mo · Up to 3.0% APYBookkeeping practices with healthy balances that want to earn interest
Key Features
- •High-yield interest on operating balances
- •Strong QuickBooks and Xero integration
- •Sub-accounts for tax withholding and savings
- •Bill pay for software subscriptions
- •Line of credit for practice growth
Pros
- ✓Earn interest while managing client work
- ✓Excellent accounting software integrations
- ✓No fees on Standard plan
- ✓Access to line of credit
Cons
- ✗No cash deposits
- ✗APY capped at $250K
- ✗Higher tiers have monthly fees
Lili
$0/mo · Up to 4% APYSolo bookkeepers wanting high-yield savings with built-in tax tools
Key Features
- •Built-in expense categorization
- •Tax savings buckets
- •Invoicing for client billing
- •High-yield savings on reserves
- •Team access on Premium plans
Pros
- ✓Free Core plan
- ✓Strong savings APY
- ✓Tax features for self-employed bookkeepers
- ✓Good mobile experience
Cons
- ✗Advanced features require paid plans (up to $55/mo)
- ✗Less robust accounting integrations than Novo
- ✗Smaller feature set than Relay
Chase
$15/mo · N/A APYBookkeeping firms that want branch access and a name clients recognize
Key Features
- •Branch access at 16,000+ locations
- •Business credit cards with cashback
- •QuickBooks integration via bank feeds
- •Zelle for client payments
- •Same-day ACH
Pros
- ✓Clients know and trust the Chase brand
- ✓Branch access for depositing client checks
- ✓Strong business credit card rewards
- ✓Full-service lending
Cons
- ✗$15 monthly fee unless $2,000 balance maintained
- ✗100 free transactions per month
- ✗No interest on checking
Frequently Asked Questions
Can Holdings track my revenue per client?
Yes. Our AI categorizes retainer payments per client, so you see exactly how much each relationship contributes and which clients are most profitable.
Does Holdings aggregate my software subscription costs?
Absolutely. All your tool subscriptions — QuickBooks, Xero, Gusto, Bill.com — are auto-categorized so you see your total tech overhead at a glance.
Are there monthly fees?
Zero. No monthly fees, no minimums. Bookkeepers appreciate not having unnecessary line items.
I work from home. Does Holdings track home office expenses?
Yes. Relevant expenses are auto-categorized, making it easy to calculate your home office deduction at tax time.
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Ready to open your account?
Holdings offers free banking with 1.75% APY for bookkeepers.