Best online bank account 2024
Bluevine
| APY | 2% |
| Minimum Deposit | 0 |
| Minimum Balance | 0 |
Pros
- High APY
- Almost no fees
- No minimum balance
Cons
- Cash deposits cost $4.95
- $2.50 out-of-network ATM fee
Bluevine’s 2.0% APY is industry-leading for a free business checking account.12 This makes it easy to earn interest on your balance without needing to swap between savings accounts, certificates of deposit (CDs), or other high-yield products.
Equally interesting is the ability to complete cash deposits via Green Dot. It’ll cost you $4.95 to do so, but you’ll have access to deposits at more than 90,000 locations nationwide.
The Bluevine Business Checking account features a high 2.0% APY, but only if you meet qualifying requirements. This means either spending $500 in a calendar month with your debit card or receive/deposit $2,500 in client payments in a calendar month. This can be done through:
Automated clearing house (ACH)
Wire transfer
Mobile deposit
As a transfer from your merchant payment processing provider
Bluevine’s banking services are provided by Coastal Community Bank, which is FDIC-insured up to $250,000.