Business Banking

Arc is a financial platform for startups built around treasury management and cash optimization, offering free banking infrastructure powered by yield generation from customer deposits. The Arc Treasury product sweeps excess operating cash into short-duration US Treasuries and money market instruments, targeting higher yields than traditional business savings accounts while maintaining daily liquidity. FDIC-insured and uninsured sweep programs protect deposits up to configurable coverage levels. The Arc business account provides standard banking features — ACH, wires, bill pay, and debit card — alongside the treasury sweep infrastructure. Arc's financial analytics dashboard tracks cash position, burn rate, and runway projections using connected bank and accounting data, providing startup CFOs with real-time financial visibility. The revenue-based financing product offers non-dilutive capital to SaaS and subscription businesses based on recurring revenue metrics, providing an alternative to equity fundraising for cash needs between rounds. Arc's team has deep expertise in startup treasury best practices and provides guidance on cash management strategy alongside the platform tools. The platform integrates with QuickBooks, Xero, and major bank data providers. For startups with significant cash balances — post-fundraise treasury positions that can deteriorate in value if left in low-yield checking accounts — Arc's free treasury platform offers a compelling way to capture meaningful yield on operational cash while maintaining the liquidity flexibility that startups require.

Bluevine is a fintech providing business checking accounts combined with access to business credit products — particularly its line of credit — making it one of the few neobanks that bridges traditional banking and lending for small businesses. The free business checking account offers a competitive interest rate on balances, which combined with the ease of online account opening, makes it attractive compared to traditional bank checking products. The Bluevine Business Line of Credit provides revolving credit up to $250,000 based on business revenue and banking history, accessible through a simple application process that prioritizes speed over traditional underwriting rigor. This credit product integration with the banking platform is Bluevine's key differentiator — the same company that banks a business can also provide growth capital without the friction of applying to a separate lender. Sub-accounts allow businesses to organize funds within the main account. The debit card is issued on the Mastercard network with no foreign transaction fees. Bill pay handles vendor payments via ACH and check directly from the platform. Integrations with QuickBooks Online synchronize banking transactions to accounting. The Premier plan adds higher interest rates, more sub-accounts, and priority customer support. FDIC insurance is provided through Coastal Community Bank. For small businesses that might eventually need a business line of credit alongside their banking, Bluevine's combined banking-and-lending platform simplifies the relationship management that typically requires maintaining separate bank and lender relationships.

Brex Banking provides FDIC-insured business bank accounts through its partner banking infrastructure, designed as part of Brex's comprehensive financial platform for startups and growth-stage companies. The banking product offers competitive interest rates on deposits, no minimum balance requirements, and no account fees — complemented by Brex's corporate card program that processes spending against the same financial platform. Instant ACH and wire transfers enable fast payment execution critical for startup operations. High-yield cash management accounts sweep excess operating cash into Treasury instruments automatically, optimizing yield on idle balances. The Brex dashboard integrates banking, card spending, bill pay, and accounting in a unified view, reducing the number of financial platforms a startup finance team must manage. Global accounts support USD, GBP, and EUR business banking, enabling international operations from a single Brex relationship. The no-personal-guarantee corporate card program remains Brex's most distinctive offering — credit limits are based on business fundamentals rather than founder personal credit, addressing the bootstrapped founder's dilemma of accessing meaningful corporate credit. FDIC insurance covers deposits up to $6 million through Brex's sweep program. API access enables custom integrations for finance teams that want to build automated treasury or spend management workflows. Brex Banking is strongest for venture-backed startups that value a single financial platform managing banking, cards, expenses, and accounting in one place.

Found is a neobank designed specifically for self-employed workers, freelancers, and sole proprietors, combining business banking with integrated tax tools that address the unique financial management needs of independent workers. The free business checking account provides a Visa debit card, instant payment receipt, and expense categorization. Found's integrated tax feature is the key differentiator — the app automatically sets aside a percentage of income for taxes, calculates estimated quarterly tax payments, tracks deductible expenses throughout the year, and prepares Schedule C and self-employment tax figures at filing time. This automatic tax-aware banking eliminates the common freelancer mistake of spending tax obligations, then scrambling to cover quarterly payments. The expense categorization engine suggests business or personal classifications for each transaction, building a deductible expense record automatically. Invoicing tools allow freelancers to create and send payment requests directly from the Found app. Found Plus adds a high-yield savings account with competitive APY, unlimited invoicing, advanced expense categorization, and year-round CPA access. ACH and wire transfers are supported for client billing and contractor payments. No minimum balance requirements, no monthly fees for the base tier, and no personal credit check for account opening. For freelancers who want to eliminate the separate bank account plus separate tax tracking tool setup with a single integrated solution, Found's banking-plus-tax approach covers the most common pain points in a clean mobile experience.

Lili is a banking app for self-employed workers and small businesses that integrates financial management and tax tools directly into the banking experience. The free tier provides a Visa debit card, ACH transfers, and basic expense tagging. Lili's Tax Optimizer automatically sets aside a percentage of incoming deposits into a tax bucket, calculating the recommended set-aside rate based on business income and filing status — addressing the most common financial mistake of self-employed workers who don't reserve funds for quarterly tax payments. The expense management feature categorizes business expenses against tax-deductible categories and generates a year-end expense report that simplifies Schedule C preparation. Lili Pro adds higher APY savings, unlimited invoicing with payment links, unlimited expense categorization, and priority support. Lili Smart includes all Pro features plus an accounting integration with QuickBooks, advanced analytics, and a business checkbook. The invoicing tool allows freelancers to create and send professional invoices directly from the app without a separate tool. Business savings accounts within the Lili platform enable goal-based savings for tax reserves, equipment purchases, and emergency funds. FDIC insurance through Choice Financial Group covers all deposits. Lili's combination of zero-fee basic banking, automatic tax set-aside, and integrated invoicing creates a self-sufficient financial management suite for solopreneurs and micro-businesses who want to consolidate banking and basic bookkeeping in one mobile app.

Nearside (formerly Hatch) is a free business banking platform that distinguishes itself with a generous cash back offer on business debit card spending — providing 2.2% cash back on qualifying purchases without a monthly fee or minimum balance requirement. For small businesses that run significant operating expenses through their debit card, this cash back can offset meaningful costs while maintaining the fee-free banking structure. The Mastercard business debit card works everywhere cards are accepted, with instant virtual card issuance for online purchases available through the mobile app. ACH transfers, mobile check deposit, and basic expense categorization are included at no charge. The Nearside platform provides real-time transaction notifications and a clean mobile-first interface. Business checking FDIC insurance is provided through Evolve Bank & Trust. The cashback model is most valuable for businesses with high operating expense volumes processed through the debit card — contractors purchasing materials, retailers buying inventory, or service businesses running substantial recurring vendor charges. Nearside lacks some features present in more established neobanks — sub-account organization, corporate card programs, and treasury sweep products are absent — but the cash back offering fills a specific gap in the market: free business banking with genuine debit card rewards that most competitors don't provide. Account opening is fully digital with no credit check. For small businesses prioritizing expense offset over banking feature breadth, Nearside's rewards model delivers direct financial return.

NorthOne is a business banking platform for small and medium businesses, priced at a flat $10/month with no per-transaction fees or minimum balance requirements. The platform's Envelopes feature allows businesses to create unlimited sub-accounts for organizing funds — segregating tax obligations, payroll reserves, project budgets, and operating expenses into distinct virtual buckets within the same banking relationship. This budgeting-through-banking approach helps business owners maintain financial discipline without separate budgeting software. The NorthOne debit card is issued on the Mastercard network with mobile wallet compatibility. ACH transfers, wire transfers, and mobile check deposit are all included in the flat monthly fee. NorthOne integrates with major business tools including Shopify, Square, Stripe, PayPal, QuickBooks, FreshBooks, and Gusto — the integration list is notably comprehensive for a banking-focused product, recognizing that small businesses run on interconnected software. The mobile app supports real-time transaction notifications, receipt capture, and basic expense categorization. Business credit cards are not currently offered, limiting NorthOne's appeal for businesses that want to earn rewards on company spending. Customer support is available via chat and email. FDIC insurance is provided through The Bancorp Bank. NorthOne's flat pricing, comprehensive integrations, and Envelopes organizing feature make it a competitive choice for small businesses seeking more sophisticated cash organization than traditional checking provides, particularly those already using the commerce and payment tools that NorthOne connects with natively.

Novo is a free business banking platform built for small businesses, entrepreneurs, and freelancers who are underserved by traditional banks' fee structures and dated interfaces. The free business checking account provides a Visa debit card, ACH transfers, mobile check deposit, and integrations with business tools — all without monthly fees or minimum balance requirements. Novo's reserve feature allows business owners to set aside money in labeled savings buckets within the same account — a lightweight version of Relay's multi-account functionality. Invoice creation and payment links allow businesses to request payment directly from the Novo app and track which invoices are outstanding. The Novo Boost feature provides faster access to Stripe and Square payouts, accelerating cash availability for businesses that process card payments through those platforms. Integrations cover QuickBooks, Xero, Stripe, Shopify, WooCommerce, FreshBooks, and Wise — connecting Novo to the tools small businesses already use. The Novo App marketplace provides access to partner discounts on software including HubSpot, Gusto, and Zendesk. Account opening is entirely online, typically completed in 10 minutes without branch visits. Novo operates through Middlesex Federal Savings Bank, providing FDIC insurance on all deposits. While Novo lacks the full-featured treasury capabilities of Brex or the sophisticated account organization of Relay, its completely free model and clean integration ecosystem make it a strong default choice for early-stage businesses prioritizing zero banking costs and good software connectivity over advanced treasury features.

Oxygen is a mobile-first business banking platform that combines FDIC-insured checking accounts with cashback rewards, virtual card creation, and business entity formation services. The free tier provides a Visa business debit card, instant virtual card issuance for online purchases, ACH transfers, and basic spending analytics. The premium tier adds cashback on purchases, free ATM access, higher ACH limits, and access to Oxygen's LLC formation service — enabling new businesses to both form their legal entity and open a business bank account in one workflow. Virtual card creation is a notable feature at the free tier — businesses can issue separate virtual card numbers for different vendors or subscriptions, improving security and spend tracking without requiring a premium subscription. The mobile app provides real-time transaction notifications, in-app customer support, and expense categorization with merchant logos. Business savings accounts earn interest on non-operating cash. Oxygen serves freelancers, gig workers, and small business owners who want modern mobile banking with perks beyond basic checking. Account opening requires no credit check and is completed entirely through the mobile app. Integration with accounting tools facilitates basic bookkeeping. While Oxygen lacks the treasury sophistication of Brex or the multi-account organization of Relay, its free virtual card creation and cashback rewards provide tangible value for businesses with significant online spending. Best positioned for small businesses and sole proprietors in the US market.

Relay is a business banking platform that solves a specific pain point for small business owners: the inability to organize business finances into separate buckets using traditional bank accounts. Relay allows businesses to open up to 20 checking accounts and issue up to 50 physical or virtual debit cards — all under one business banking relationship — enabling the Profit First methodology and similar account-based financial organization approaches. A restaurant owner can have separate accounts for payroll, taxes, operating expenses, and profits. A contractor can segregate project funds from operating cash. This multi-account flexibility is virtually unavailable at traditional banks without significant fees or complexity. The free tier covers basic banking with multiple accounts and cards. Relay Pro adds advanced features including ACH and check disbursements, team member access controls, bookkeeper sharing, and automated savings rules. QuickBooks Online and Xero integrations sync transaction data automatically. Bill pay and ACH transfers handle vendor payments. No personal credit check is required for account opening. Relay is banking-as-a-service built on Thread Bank, providing FDIC insurance on all deposits. The platform specifically markets to Profit First practitioners and small business accountants who manage multiple client banking relationships, with bookkeeper access credentials that enable direct bank feed setup without sharing business owner credentials. For small businesses seeking organizational flexibility that traditional banks don't provide, Relay's multi-account model offers a genuinely useful approach to cash management.

Rho is a corporate banking and spend management platform targeting high-growth companies — typically Series A through Series C startups and mid-market businesses — with a unified platform for business banking, corporate cards, treasury management, and accounts payable. Unlike consumer-grade neobanks, Rho's focus on higher-AUM businesses shapes its feature set: high-yield savings powered by US Treasury instruments, multi-user controls with role-based permissions, BILL and NetSuite integrations for AP workflow, and multi-entity banking support for companies managing subsidiaries or international operations. The free business banking tier provides ACH, wire, international wire, and mobile deposit with no transaction fees. Corporate cards are issued on Mastercard with configurable spending limits and real-time transaction visibility. Treasury management sweeps idle cash into competitive short-duration instruments. The AP automation module handles bill capture, approval routing, and payment execution within the banking platform. Team management allows CFOs to grant controllers, bookkeepers, and accounts payable staff appropriate platform access without sharing owner credentials. The Rho mobile app provides on-the-go approval capabilities for time-sensitive payment authorizations. Integrations with QuickBooks, NetSuite, and Xero synchronize banking data to accounting systems. For finance teams at growth-stage companies who want banking, card management, and AP in one platform without paying Brex Premium pricing, Rho's free model funded by interchange and treasury spread offers a compelling combination.