BlueVine is a bank that focuses on small businesses and their unique needs. They offer daily banking services like online checks, bank transfers, and access to ATMs, but with cool features like 0.6% interest. We won`t talk too much about financing solutions in this review. Nevertheless, we will take a close look at BlueVine`s banking solution. In addition to your free checking account, BlueVine also includes other gifts – free checks to get you started. It can be difficult to find a bank that has a free business audit, or at least a very low fee. However, if you want to keep your business banking costs low, you don`t have to look very far as BlueVine Business Checking answers the bill. BlueVine does not have all the fees charged by other banks. Do you have a small business and do you have a small control credit? This is not a problem with BlueVine, as there are no minimum or monthly account fees. In this article, we`re going to go over everything BlueVine Business Checking has to offer. BlueVine is tailored to the needs of small businesses.

Large businesses will have more complex needs, so they`ll be better served by a larger bank, but for small business owners who don`t want to pay for services they won`t use, BlueVine is a perfect fit. Once you deposit $1 into your account, BlueVine pays 0.6% APY on funds up to $100,000. Few other commercial banks pay interest on checking accounts. BlueVine doesn`t have branches, so it`s not ideal for business owners who prefer personal banking. Still, it offers enough opportunities to manage money through ATMs, cash deposits, and mobile access, so you may never have to walk into a bank again. If you`re a business that makes frequent cash deposits, the Green Dot cash deposit fee can be a diversion. And unlike some online small business banks, BlueVine allows you to deposit money and use checks. Thus, you get all the important features you would expect from a checking account – for free. We`ll also tell you that BlueVine has somewhat mixed customer reviews. They are mostly positive (there are 4.4 out of 5 on Trustpilot1 and 2.9 out of 5 on the Better Business Bureau website),1.2 but we have seen some worrying things about account closures and freezes.

A checking account that actually comes with paper checks – To keep costs down, most online checking accounts don`t offer paper checks. BlueVine Business Banking does it. However, Novo does not pay interest on your balance, so you will not earn more when you bank with Novo. On the other hand, Novo offers some benefits to small businesses, such as discounts on popular software and integrations with tools such as Slack and Quickbooks. Since 2013, BlueVine has made a name for itself in the world of corporate finance. And now, in 2020, it has diversified to offer commercial bank accounts. But are these checking accounts good? BlueVine only offers a current account, but Axos Bank also has business savings, CDs, and a money market account. However, the BlueVine current account still pays a higher interest rate than Axos` savings options. The BlueVine Business checking account offers business customers many features. Here`s an overview of some of the features you get: Yes, BlueVine is FDIC-insured by Bancorp Bank (FDIC#35444). When you deposit money into an FDIC-insured account with BlueVine, your money is protected in the event of a bank failure of up to $250,000 per depositor for each account category. Bank fees can be problematic, especially if you`re trying to run your business and make a profit.

BlueVine Business Checking helps businesses by eliminating many current fees and minimum amounts. It offers: No minimum balance requirement – you can open an account without money. You don`t have to pay these usual fees with BlueVine. BlueVine has some cool features that are not offered by most other banks and are specifically designed to help small businesses. While we love BlueVine, it`s worth seeing how it compares to your other business banking options. In the table below, we show you how BlueVine compares to popular traditional and online commercial banks. Well, we think so. In fact, it`s one of our favorite business checking accounts. With virtually no fees, a super competitive interest rate, and nationwide availability, BlueVine Checking has a lot to offer. Still, it`s not for everyone, as BlueVine doesn`t have branches and only one bank account option. No, BlueVine only offers the BlueVine Business current account.

Once you deposit $1 into your BlueVine Business checking account, you will earn 0.60% interest on your account balance, up to a maximum of $100,000. The account offers online and mobile banking. And with mobile banking, you can also use mobile check deposits. Here are some other features BlueVine offers its business customers: Cash Deposits: BlueVine`s partnership with third-party provider Green Dot allows you to use your business debit card to deposit up to $7,500 per month in cash at more than 90,000 locations across the United States. Some of BlueVine`s competitors are unable to make cash deposits. Take this published review with a grain of salt, as my experience was far from pleasant. I applied and made a typo in my email. I used his online contact form 3 times in 2 weeks and received no response.

I sent 2 emails to their support email = zero response. I called her 4 times, each time for more than an hour waiting, in the end I give up. If you can`t provide basic customer service, how am I supposed to entrust you with my MONEY???? BlueVine has temporarily suspended new credit lines to help companies secure PPP financing. Check their website to find out when they plan to accept applications again. No Fees: The BlueVine business bank account has no monthly fees, insufficient funds fees or ACH payment fees, as well as no minimum opening deposit, monthly or daily requirements. In addition, this account includes unlimited no-fee transactions and free access to ATMs at any MoneyPass location in the United States. We compared BlueVine to two other online business banking options: Brex and Axos Bank. Cash Deposit Fee: Every time you deposit money into your BlueVine account, you will be charged a fee of $4.95. .