BlueVine, an online banking platform founded in 2013, offers a business checking account that features unlimited transactions and very few fees. BlueVine Business Checking earns a very competitive 2.00% APY on balances up to and including $100,000. (Balances over $100,000 do not earn interest.)
To earn the 2.00% APY, you will need to spend $500 per month with your BlueVine Business Debit Mastercard or receive $2,500 per month in customer payments into your BlueVine Business Checking account via ACH, wire transfer, mobile check deposit or directly from your merchant payment processing provider.
There is no required minimum deposit, no monthly service fee, no minimum balance requirement and there are no ATM fees at 37,000+ MoneyPass ATMs nationwide. BlueVine does not assess non-sufficient funds fees and, for those who write paper checks, you receive two free books of checks.
BlueVine provides a Mastercard business debit card. Business owners have an unlimited number of transactions with which to pay vendors and bills via ACH transfer, wire or check. It’s easy to transfer money to and from other accounts and to schedule one-time and recurring payments.
The BlueVine mobile app provides 24/7 access to your banking relationship and, when you need help, there’s an online resource center and customer service that’s reachable by phone or email. BlueVine also offers business lines of credit to qualifying customers.
Small business owners who need to make cash deposits can do so for a fee through BlueVine’s partnership with Green Dot, with over 90,000 U.S. retail locations. BlueVine is a financial technology company, not a bank. Deposits are FDIC insured through Coastal Community Bank.
Read our full BlueVine Business Checking Review.
