The BlueVine Business Checking Account is on Personal Finance Insider’s list of the best free business checking accounts.
Unlike most business
, the BlueVine Business Checking Account pays a competitive interest rate. It also allows you to deposit cash, which sets it apart from other online business accounts. There are no monthly service fees, and you can make an unlimited number of transactions for free.
Annual Percentage Yield (APY)
How BlueVine works
BlueVine is an online business banking platform with a checking account and line of credit. Your deposits are FDIC insured through BlueVine’s partner bank, The Bancorp Bank.
To contact customer support, call Monday through Friday from 8:00 a.m. to 8:00 p.m. ET.
The BlueVine app has 1.9 out of 5 stars in the Apple store, and 2.4 out of 5 stars in the Google Play store.
Is BlueVine trustworthy?
BlueVine doesn’t have any public controversies.
The Better Business Bureau gives BlueVine an A+ in trustworthiness. A strong BBB grade signifies that a company advertises honestly, responds effectively to customer complaints, and is transparent about business practices.
A great BBB grade doesn’t guarantee that you’ll have a smooth relationship with a company, though. You may still want to read online customer reviews or ask friends and family about their experiences with BlueVine.
How BlueVine compares to similar business banking options
We’ve compared BlueVine to two other online business banking options: Brex and Axos Bank.
BlueVine vs. Brex
Brex is technically a cash account, not a checking account, and you’ll get a Brex credit card rather than a debit card. So if you’re set on a debit card, you’ll prefer BlueVine.
If you’re open to having a business credit card, though, Brex has competitive cash-back offers and discounts with certain retailers. Brex also doesn’t charge foreign transaction fees.
BlueVine vs. Axos Bank
BlueVine only offers a checking account, but Axos Bank also has business savings, CDs, and a money market account. However, the BlueVine checking account still pays a higher interest rate than Axos’ savings options.
BlueVine lets you make an unlimited number of transaction each month, but Axos starts to charge you after 200 transactions.