If you’re looking for a free bank account, you may be wondering what you’ll have to sacrifice to get it. If you go with Axos Bank’s Basic Business Checking,🗹 the answer is not much, aside from cash deposits and interest. It’s easy to open, with no initial deposit or minimum balance requirement.

But you’ll also get unlimited domestic ATM fee reimbursement and unlimited free transactions—features you don’t always find with traditional big banks. Domestic and international incoming wire transfers ar𝕴e free, and reimbursement is provided for two domestic outgoing wires per month (another nice feature, when most banks charge for every wire).

You won’t earn any interest with this account, but you will get 澳洲幸运5开奖号码历史查询:FDIC coverage for up to $256 million🌳, far more than the typical $250,000 that is usually covered. Your checking account can be easily synced with QuickBooks as well, for automated transaction categoꦍrization and other features you can control from the Axos app.

If you want to work with a bank you can trust, American Express is worth considering. Amex earned the highest Investopedia customer satisfaction rating—4.9 out of 5 points—among all of the banks and credit unions with free checking accounts we reviewed. Investopedia’s customer satisfaction score a𝔍ggregates ratings from several sources to compare accounts.

Everyone knows American Express for its credit cards, but it also offers a handful of useful business bank𓄧ing products and services. The Amex Business Checking account comes with your typical banking features along with a few you don’t usually see, even on accounts with monthly fees:

• Spending rewards: 1 Membership Rewards point per $2 spent on eligible business debit card purchases
• Decent APY with no special requirements (but much higher APYs are typically available with 澳洲幸运5开奖号码历史查询:other deposit accounts)
• Potential welcome bonus (may not always be available)

You won’t be able to make cash deposits and there are no physical bran🧸ch locations to visit, but if you’re comfortable with an online account, Amex may have what you need.

It’s rare to find a free business checking account that offers interest, perhaps because business accounts may tend to have bigger balances than personal accounts. But you still have a few options if you want to grow the money in your checking account, although it may be tough to beat 澳洲幸运5开奖号码历史查询:inflation. 

Bluevine’s Standard business checking plan o🅰ffers 1.50% APY on balances up to $250,000, giving you a way to at least put up a fight against inflation. If you’d like, you can earn a better rate by upgrading to the Plus ($30/month) or Premier plan ($95/month); their fees can be waived by meeting certain requirements.

The Standard plan comes with up to five sub-accounts and a debit card that earns cash back with merchants and business services, including travel services like Budget and Avis and digital services like Slack and Microsoft products. Some of those offers can be quite lucr🐲ative, with rebates of 20% or more in some cases.

Many free business accounts don’t allow cash deposits, or begin charging for deposits right off the bat. If you have a business that generates a lot of cash and you need to deposit it regularly, it may be tough to find a free account that can accommodate your needs. But you can find accounts with at leꦯast some free deposits, like Relay’s Business Checking account.

Relay allows you to deposit up to $1,000 per transaction for free at Allpoint ATMs, up to a total of $2,000 per day. You can also deposit cash at Green Dot locations for up to $4.95 per deposit. Green🅷 Dot has deposit limits as well: $500 per transaction at most retailers, $1,000 at Walmart; $1,500 per day; $3,500 per week; $5,000 per month. Green Dot retailers include a variety of popular drugstores, dollar stores, and gas stations.

Relay’s ATM network, consisting only of Allpoint ATMs, is smaller than other banks that use both Allpoint and MoneyPass or other, broader networks. Still, there are over 55,000 ATMs in Allp🍬oint’s network, so you may not need to visit Green Dot locations very often.

Fintechs are relatively new on the banking scene. They aren’t banks themselves, but tꦰhey partner with banks to provide banking service🅷s. They typically have lower operating costs than traditional banks, in part because they’re usually online-only, so they tend to offer better rates and lower fees. On the downside, their accounts may not be as comprehensive and full-featured.

That describes Lili pretty well—inexpensive, and capable of delivering all the basic functions of a business checking account but without many bells and whistles. There are some useful and convenient features, 𓃲like the ability to have multiple Lili accounts under one login. You can deposit cash for free at MoneyPass ATMs, up to $1,500 per day, $3,500 per week, and $5,000 per month. Cash deposits are an uncommon feature among free business c🐭hecking accounts, based on Investopedia’s research.

All that’s available with the free Lili Basic plan. If you want upgraded features, like fee-free overdraft protection up to $200, cashback rewards from debit card spending, and accounting and tax prep tools, you’ll have to pay for a Lili Pro, Smart, o♓r Premium plan.