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Holdings

Best Banks for Small Business in 2026

Comprehensive comparison of the top small business bank accounts.

Bank Monthly Fee APY Free Txns Best For
Holdings$01.75%UnlimitedNonprofits, service businesses
Mercury$04.0%+UnlimitedStartups, VC-backed
Bluevine$02.0%UnlimitedCredit line access
Novo$00%UnlimitedFreelancers
Relay$01-3%UnlimitedTeams, profit-first
Chase$15/mo0.01%200/moBranch access
Bank of America$16/mo0.01%200/moBranch + rewards
Wells Fargo$10/mo0.01%500Branch network
Axos$01.0%200/moOnline-only
Brex$02.9%UnlimitedVC startups, spend mgmt

Best Business Bank by Business Type

Best for Freelancers

Zero fees, sub-accounts for client projects. Holdings or Novo.

Best for Nonprofits

Donation tracking, fund accounting, grant sub-accounts. Holdings.

Best for Ecommerce

Stripe/Shopify integrations, high-volume transactions. Mercury or Holdings.

Best for Startups

VC-friendly, treasury management, credit lines. Mercury or Brex.

Best for Churches

Tithe tracking, fund separation, donation receipts. Holdings.

Best for Contractors

Job costing, expense tracking, 1099 payments. Holdings or Relay.

Frequently Asked Questions

What's the best bank for a small business?▾
It depends on your business type. Holdings is best for nonprofits and service businesses (zero fees, built-in accounting). Mercury excels for startups. Chase works for branch access.
Can I open a business bank account online?▾
Yes. Holdings, Mercury, Bluevine, Novo, and Relay all offer 100% online applications in under 10 minutes.
Do I need a business bank account for an LLC?▾
Practically, yes. Mixing funds can pierce your LLC's liability protection and complicates taxes.
What fees should I watch out for?▾
Monthly fees ($10-30/mo), per-transaction fees, wire fees ($15-30), ACH fees, minimum balances. Holdings charges none.
Which bank has the highest APY?▾
Holdings offers 1.75% APY on all balances. Mercury offers 4.0%+ via Treasury. Most traditional banks: 0.01%.

Best Banks by State

Find the best small business banks in your state.

Alabama (8)Alaska (8)Arizona (8)Arkansas (8)California (8)Colorado (8)Connecticut (8)Delaware (8)Florida (8)Georgia (8)Hawaii (8)Idaho (8)Illinois (8)Indiana (8)Iowa (8)Kansas (8)Kentucky (8)Louisiana (8)Maine (8)Maryland (8)Massachusetts (8)Michigan (8)Minnesota (8)Mississippi (8)Missouri (8)Montana (8)Nebraska (8)Nevada (8)New Hampshire (8)New Jersey (8)New Mexico (8)New York (8)North Carolina (8)North Dakota (8)Ohio (8)Oklahoma (8)Oregon (8)Pennsylvania (8)Rhode Island (8)South Carolina (8)South Dakota (8)Tennessee (8)Texas (8)Utah (8)Vermont (8)Virginia (8)Washington (8)Washington, D.C. (8)West Virginia (8)Wisconsin (8)Wyoming (8)

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Open a Holdings account in under 10 minutes. Zero fees. 1.75% APY. Built-in accounting.

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Holdings vs Chase

Why businesses are switching from Chase to Holdings.

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Holdings vs Mercury

See how Holdings compares to Mercury for business banking.

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Holdings vs Bluevine

Compare features, APY, and fees side by side.

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Holdings vs Novo

Compare Holdings and Novo for free business banking.

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Holdings vs Relay

Compare Holdings and Relay for checking and accounting.

Holdings vs Wells Fargo

Holdings vs Bank of America