BlueVine was first founded in 2013 as a source of capital for smaller businesses. Since then, then have grown to hosting nearly 25,000 small businesses while disbursing nearly $3 billion dollars to those businesses.
The company has since added a business checking account, designed to improve the banking experience of business owners.
- Interest on Business Checking
- No minimum deposit or balance
- No monthly service fees
- No ATM fees at 38,000+ MoneyPass® locations nationally
- No fees for non-sufficient funds
- ATM card access
- Two free checkbooks
- Fast online sign-up
(Learn more at BlueVine)
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- Earn 1.5% interest on balances up to $100,000
- No monthly, NSF, ACH, or incoming wire fees
- Live customer support from dedicated professionals
- Pay vendors and bills by ACH, wire, or check
- Unlimited transactions, no minimum balance required
- Make transfers to and from your other accounts
- Deposit checks from the BlueVine mobile app
BlueVine Business Checking Features
The BlueVine Business Checking Account offers a competitive APY, an ATM card, no hidden fees and live support. Enjoy unlimited transactions – including ACH, wire and check – with no minimum balance required.
Customers have the option of making deposits by cash (at nearly 90,000 Green Dot locations) or check (mobile app). Also, the account is FDIC-insured up to $250,000.
Be sure to keep in mind that the BlueVine Business Checking Account is online only, with no physical branches. Also, Green Dot locations charge a $4.95 fee on cash deposits.
To apply, you must be a U.S. citizen at least 18 years old with a verifiable address. The process only requires basic information about your business, including your tax ID or Social Security Number.
- Mobile and Online Banking. With an account from BlueVine, you will have the option of managing your account either online or through the mobile app. The online interface allows you to transfer money to designated payees, view and print account activity and documents and get assistance as necessary. The mobile app allows for remote check deposit as well.
- Lack of fees. However, there is a $15 fee for an outgoing wire transfer from your Business Banking account and a $2.50 fee for non-network ATM transactions.
- Availability of Funds. BlueVine Business Banking offers an ATM card that allows fee-free withdrawals at over 38,000 MoneyPass locations across the country.
Other Business Accounts to Consider
• Open a Huntington Unlimited Plus Business Checking Account
• Earn $750 bonus when you open a Huntington Unlimited Plus Business Checking account and make total deposits of at least $20,000 within 60 days of account opening.
• The $750 bonus will be deposited into your account after all requirements are met.
• Enjoy overdraft protection with no annual fee or deposit-to-deposit overdraft protection with no transfer fee!
• Bonus Service. Choose one bonus service such as fraud tools, discounts on payroll services, or Huntington Deposit Scan®
• Ideal for businesses with higher checking activity and greater cash flow needs.
• Open a Huntington Unlimited Business Checking Account
• Earn $400 bonus when you open a Huntington Unlimited Business Checking account and make total deposits of at least $5,000 within 60 days of account opening.
• The $400 bonus will be deposited into your account after all requirements are met.
• Get Overdraft Protection Account with no annual fee, or Deposit-to-Deposit Overdraft Protection with no transfer fee.
• Enjoy unlimited transactions. And up to $10,000 in cash or currency deposits monthly in-branch or at an ATM at no charge.
• Designed for businesses with higher checking activity and greater cash flow needs.
• Bonus service. Choose one bonus service such as fraud tools, discounts on payroll services, or Huntington Deposit Scan®.
• Open your Huntington Business Checking 100 Account today!
• Earn $100 bonus when you open a Huntington Business 100 Checking account and then make a minimum cumulative new money deposit into the new checking account of at least $2,000 within sixty (60) days of account opening.
• The $100 bonus will be deposited into your account after all requirements are met.
• Overdraft Protection Line of Credit available, or Deposit-to-Deposit Overdraft Protection with no transfer fee.
• Do business without a minimum checking account balance fee or maintenance fee.
• No monthly maintenance fee applies to this account.
• Enjoy up to 100 monthly transactions. And deposit up to $5,000 in cash or currency monthly in-branch or at an ATM at no charge.
• Ideal for start-ups and small businesses with lower balances and checking activity.
• Bonus Service Trial. Free 120-day trial of a fraud tool: Reverse Positive Pay.
BlueVine is a great option for small businesses from offering loans, lines of credit and invoice factoring. They have always been a finance company that supports small-business owners.
On top of that, their Business Banking offers small businesses a no-fee, high-yield checking account that could prove very convenient for existing customers. Therefore, this is a good fit if you’re looking for a no-fee bank account with a relatively high APY.
(Learn more at BlueVine)