Thursday, 8 October 2020

Open Bank Account Online: Best 5 Free Business Bank Accounts 2021

Open Bank Account Online: Best 5 Free Business Bank Accounts 2021

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It has become much easier to open bank account online for your business. You get to avoid those long bank teller lines, especially in this covid-19 pandemic.

In this post, I’ll share with you where could open bank accounts online for your business for free even with bad credit and no credit check.

Let’s talk about my top 5 favorite free business bank accounts you can open online with bad credit.

Will BBVA Allow You To Open Bank Account Online For Your Business?



Absolutely, BBVA’s Business Connect Checking account has no minimum balance requirements and no monthly fees. No Fee Checking is very appealing to small business owners.

Although, BBVA is a lesser-known bank, it’s not region-specific. They have branches in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas.

Even though, you may not be located near a BBVA branch, you can still apply online if your business is an corporate entity.

BBVA requires a $100 minimum opening deposit for new accounts, which is one of the lowest requirements you’ll find on the market today. 

Does Bluevine allow you to open business bank accounts online for free?



All business owners are invited to apply for a Bluevine bank account. To open an account, you must be:

  • A small business owner
  • At least 18 years old
  • A U.S. citizen or a resident with a verifiable U.S. address
  • Not in the following industries: Adult Entertainment, Gambling, Weapons and Firearms, Illegal Substances

Other restrictions may apply. Full terms and restrictions may be found in the agreement at the time of application.

Currently, BlueVine offers fee-free checking. That means you don’t pay a monthly maintenance fee to keep your account open and active. You don’t have to pay transaction fees on payments and transfers.

Should I consider Azlo to open bank account online for my business?



Azlo is best for businesses that want no-fee checking at an unbeatable price.

That doesn’t make Azlo online bank right for every business owner, though. Businesses that deal primarily in cash, regularly write checks, or have complex banking needs will find Azlo frustrating and insufficient. Just Keep that in your mind if you’re considering them.

Could NBKC Bank be a good place to open bank account online for my business?



One of the best features of the NBKC Business Account is that it’s a completely free business checking accountNBKC does not charge a monthly service fee, there are no minimum balance requirements, and they do not require a minimum opening deposit.

NBKC Bank provides access to more than 32,000 free MoneyPass® ATMs.

Adding to that, there are no fees for overdrafts and stop payments. NBKC Bank charges $5 to send a domestic wire and $45 to send or receive international wires.

Although NBKC Bank is an online bank, it has physical branches in the Kansas City area, located in Overland Park and Leawood in Kansas and Liberty and Kansas City in Missouri.

How does Novo Free Online Business Checking Account Work?



Now, Novo is another online-exclusive business banking solution. It’s best for entrepreneurs, freelancers, and small business owners.

Novo easily integrates with small business tools that you’re already using, like Slack, Xero, and Zapier. It’s a modern and tech-savvy way to handle online business banking. All you need is $50 to open an account.

The downside of Novo, like other online-only banks, is that you won’t be able to visit a physical branch for anything.

Conclusion:



As a entrepreneur or new business owner, it’s become easier to open bank accounts online. Just with a little research, you can find some real free business bank accounts.

In this post, I shared with you my top 5 free business bank account that you can open up online. We llok at online banks like, BBVA, AZLO,BLUEVINE, NOVO,and NBKC.

If you need to set up your business you can check out 3wayfunding.com

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