Business Bank Account reviews from Reddit
Summary
We analyzed 198 Reddit reviews across 30 subreddits and 60 posts to rank the best Business Bank Account brands recommended by redditors, including communities like r/smallbusiness, r/smallbusinessuk, r/UKPersonalFinance, r/llc, r/ecommerce. Top-rated brands include Mercury (4.3/5), Monzo (4.6/5), Chase (3.1/5).
Stats
Reviews198
Subreddits30
Posts60
Brands70
Products40
198 reviews from
and
By Brand
/By Product
#1
Mercury
4.3
(12)
"I personally use Mercury for all small businesses I work with and have had only great experiences so far."
"Best for people that prefer online vs in person service. Far and away better experience than any other bank I've ever used."
"Really like Mercury tbh."
"Mercury is just that good for me."
"Mercury is easier to get approved for US business."
"Mercury has been great for us."
"Mercury bank or a credit union."
"I'd recommend checking out Mercury or Novo."
"Their API is really solid."
"Clean and clear interface, great customer support, easy to manage your money and they are consistently adding or improving features."
#2
Monzo
4.6
(11)
"They have been great and it was easy to set up."
"Monzo are great if ignore the bad stuff hands down the best business bank."
"I use Monzo and love it. No issues at all and links straight to my Xero."
"I love Monzo, had no issues at all and customer service is great."
"Monzo has saved my business countless hours with their fantastic customer service and intuitive platform."
"Out of the two, definitely Monzo."
"I have been with them for a good few years and I love em! It is all REALLY easy and I can manage everything from my phone."
"I've been using Monzo as a current account, and they've been perfect."
"Tide, Monzo and Starling are all very good."
"Monzo were the only ones to accept me when I was 16."
#3
Chase
3.1
(16)
"Chase is making a huge push into the small business markets and offers excellent customer support."
"Chase"
"Chase is the way to go."
"I love chase. Their credit cards are great, tons of locations, and wire fees are the cost of doing business."
"It's been fine. I like the quick accept and didn't think it would be so easy to do ACH and accept CC/Debit without hopping through extra hoops."
"I like Chase..: hey have bonuses, credit cards with good points, and locations close to me"
"Chase Ink is a good card for rewards point."
"Chase"
"Chase has been great for my business checking needs, although they charge a monthly fee."
"From the three you've listed I'd say go to Chase as the only not-online one in that regard."
#4
Revolut
4.0
(9)
"She says it’s chalk and cheese in comparison."
"Only answer is Revolut."
"Revolut for business is brilliant in my opinion."
"Day to day of Revolut is very nice."
"Went with Revolut at the time I was contracting"
"I would strongly suggest a non conventional approach like Revolut or Wise."
"I'm comfortable with holding balances on both Wise/Revolut."
"Revolut certainly slicker, but the lack of support and their 'screw you' approach to fraud led me to move to AIB."
"I would only trust Revolut with pocket money."
#5
American Express
3.9
(9)
"Best luck with no-fee and interest-bearing accounts."
"No monthly fees, great customer service, and you even get a small percentage of interest on your money up to $500K."
"I vote for American Express. Their customer service is the best."
"Amex Business Checking allows $50K/day mobile check deposits, 1 day ACH transfers, no fees, no minimums, and pays 1.3% interest."
"I went with American Express Business Checking. Been with them for 4 months."
"Amex Business Checking is free to operate."
"American Express business checking offers a competitive 1.3% APY."
"Amex scrutinizes checks and regularly rejects them, but they offer interest on the balance."
"Definitely not american express."
#6
Wise
4.1
(8)
"Wise or Payoneer. I personally use Wise."
"Wise is good."
"Could try wise? I use them and they're quite accepting."
"Wise has reasonable fees and is easy to set up."
"Wise"
"Take a look at Wise."
"You can consider any Major Bank for this purpose. Moreover, you can use Wise or Payoneer business accounts for this purpose."
"Wise works better with uk companies."
#7
Mettle
4.3
(6)
"Mettle is amazing, and has a free subscription to FreeAgent."
"Mettle is better than Monzo and Starling because it offers free access to Freeagent."
"I went with Mettle, as it comes with free access to freeAgent."
"Probably Mettle. Free accounting software and easy to use."
"Try Mettle. It's just Natwest in drag so you may have the same issue"
"Mettle is free and offers FreeAgent if you make at least one transaction a month."
#8
Novo
4.3
(6)
"I ***strongly*** recommend Novo. Yes, it's completely free."
"Novo is great for business banking needs."
"Novo allows for the creation of 20 reserves with no fees, making it a great choice for Profit First users."
"I really love my Novo account."
"I'd recommend checking out Mercury or Novo."
"Its solid, but I have had incredible troubles with their support team."
#9
Tide
4.0
(6)
"Tide, Monzo and Starling are all very good."
"Started with Tide, Now use NatWest."
"I’ve just switched from mettle to tide, been good so far."
"I opened one with Tide a few weeks back."
"The process was very easy and I could do it all at the same time."
"For a small business, Tide is dirt cheap and does everything you want."
#10
Starling
4.0
(6)
"When I had a business at 16 the only bank that would accept me was starling, been with them since and no issues."
"My second choice was Starling."
"Starling is also a great option for small businesses."
"Starling offers a separate EUR account which is very useful, with a low fee of £2 a month."
"Starling are a good choice great customer service and low or no fees."
"Starling asked lots of questions and was therefore more difficult to set up."
#11
Business Bank Account
4.6
(5)
"Pick a local location business bank where you can actually sit down with a banker at his desk and discuss your account issues. Personal service is priceless."
"It is highly recommended to maintain a separate bank account for each business."
"Aways create separate accounts for each business and keep all their activities separated to make your life easier when tax time comes."
"I highly recommend it to just establish proper financial etiquette."
"I'd suggest at least getting a separate account and having things go in and out of that and then paying yourself comes out of that."
#12
Credit Union
4.2
(5)
"My preference is my Credit Union"
"Credit union"
"A credit union is your best bet because I have a 10th of the requirement of Chase Bank to open up my business account."
"Try a credit union. They might actually take the time to understand your business rather than using automated filters to red flag it."
"Their monthly fee is the lowest, as are their etransfer fees."
#13
Relay
4.8
(4)
"Relay integrates easily with personal accounts."
"Relay!"
"Have been using Relay Fi for about 6 months and am very happy."
"I am using Relay. So far so good."
#14
Wio
4.5
(4)
"Wio business"
"Wio is the easiest and most popular among tech startups."
"Wio is probably still the easiest to open and most of the time, there are no issues."
"Wio is basically the only reasonable, digital bank in the UAE where set up is easy and straight forward."
#15
NatWest
4.3
(4)
"NatWest offers BACS, card processing, and international payments."
"I signed up with NatWest as it’s free deposits for the first 2 years."
"Our holding company account is NatWest."
"NatWest offers a free account for the first two years with useful features like FreeAgent for accounting."
#16
US Bank
4.3
(4)
"Reliable for business banking."
"Heard some good things about US Bank"
"US Bank has been great for me and I think they have a bonus if you deposit a certain amount of money."
"US Bank Silver Checking has no fees and is useful for cash deposits, but offers no interest."
#17
BlueVine
5.0
(3)
"Bluevine has been great. Simple, effective and can ACH, transfer, etc well."
"Been very happy with BlueVine. Pays interest as well which is nice."
"Highly recommend Bluevine! No brick and mortar branches, but you get no fees at all."
#18
RBC
3.8
(4)
"Amazing level of service."
"RBC and BMO offer those e-business type accounts."
"I have an rbc business account for $6/month. That's pretty cheap."
"They had a pretty terrible experience with RBC so I provided some other options."
#19
Bluevine
4.7
(3)
"It’s a no fee business account that earns interest."
"No issues for any biz I have helped from 10k to 3m revenue."
"Bluevine is great with no minimums or monthly fees."
#20
Capital One
4.3
(3)
"Good options for business accounts."
"Capital One"
"Discover and capital one are in the midst of a merger, so maybe look at cap one"
#21
ING
4.3
(3)
"Very accommodating, good app, some extras like help in the set-up or an accountant too."
"If you care about good service, availability of products and exporting/importing data."
"Good enough online banking experience and you can negotiate the currency conversion rates."
#22
Local Bank
4.3
(3)
"Smaller Local bank group has worked well. No monthly fees, no min balance, and free remote deposit up to $70K/day."
"Find a local bank, something smaller, but not too small."
"I would check with whatever bank you have your personal account with and see if they have a no fee checking."
#23
Wells Fargo
3.0
(4)
"Wells Fargo has been great for us."
"Wells Fargo is also pretty good, just stay clear of BofA."
"I bank with WF (yup, I know they have a bad rep), there is a branch near my facility."
"Lots of fees."
#24
HSBC
4.0
(3)
"HSBC is reliable for businesses needing comprehensive banking services."
"HSBC Global Money Account has no fees, making it a great option."
"The Currency Account charges £7 for transfers, which is a downside."
#25
Local Credit Union
5.0
(2)
"I moved to a local credit union and never looked back."
"Local credit union or midsized bank where you have an assigned banker."
#26
Mercury Bank
5.0
(2)
"They offer a great business bank account with no fees, which is ideal for startups and small businesses."
"Mercury bank"
#27
Interactive Brokers
4.5
(2)
"I had zero issues opening a corporate account with IBKR"
"Consider Vangaurd or IBKR with check writting privaledges"
#28
Allied Irish Banks
4.5
(2)
"AIB - two years free banking for startups."
"I am just starting and AIB has been really good so far."
#29
Lloyds
4.5
(2)
"As you grow, you need a big high-street bank like Lloyds for better services."
"I've been with Lloyds for 10 years (business) and 16 years personal."
#30
Aldermore
4.0
(2)
"Aldermore is a bit more old school but fine for business savings."
"Just open a business savings account with someone like Redwood or Aldermore."
#31
Huntington
3.5
(2)
"I’d aim for midsize/large regional banks. Huntington, Truist, Comerica etc."
"I have Huntington but to be honest I really need to get my next deal."
#32
BMO
3.5
(2)
"RBC and BMO offer those e-business type accounts."
"There is the BMO eBusiness plan, which might be worth a look?"
#33
TD
3.0
(2)
"I have multiple business accounts with TD, never had an issue."
"They have fee for everything."
#34
WIO Bank
5.0
(1)
"It's a digital bank focused on customer experience so it's 10/10."
#35
Live Oak Bank
5.0
(1)
"Live Oak Bank offers a competitive 4% interest rate for high yield business savings."
#36
CBA
5.0
(1)
"Just stick with CBA. It’s called a Business Transaction account, pretty sure there’s no fees."
#37
Vault
5.0
(1)
"Vault’s free plan offers a business account with no monthly fees, 0.45% FX rate, and transparent pricing."
#38
Live Oak
5.0
(1)
"Offers high-yield business savings."
#39
Intelis
5.0
(1)
"Intelis can optimize your Google Shopping campaigns."
#40
Barclays
5.0
(1)
"Barclays provides excellent support and services for growing businesses."
#41
Amex
5.0
(1)
"No fees, no minimums, and if you're able to keep a $5K balance for 3 months, 30K Membership Rewards points for signing up."
#42
Credit Unions
5.0
(1)
"They have lower fees and better customer service than big banks."
#43
Sum-Up
5.0
(1)
"It doesn't have any monthly or annual fees."
#44
Payoneer
5.0
(1)
"Get Payoneer account for your new entity."
#45
Mashreq Neo Biz
4.0
(1)
"Maybe try mashreq neo biz. Good thing is you can get stripe with that license."
#46
Community Bank
4.0
(1)
"Community bank. Ask to speak with a business banker, retail division leader."
#47
TD Business
4.0
(1)
"TD business"
#48
SBI
4.0
(1)
"If your business is new you might have better luck with SBI Neobank/Netbank."
#49
Mettle Bank
4.0
(1)
"Mettle Bank has FSCS protection."
#50
IDFC First
4.0
(1)
"They have a 3 year no fee period and no minimum balance period."
#51
EQ Bank
4.0
(1)
"EQ Bank is supposedly coming out with a Business Account any day now."
#52
Vancity
4.0
(1)
"They have one that's 6.50 for month or free if you maintain 1500 a month on the account."
#53
QuickBooks Checking
4.0
(1)
"I actually really like QuickBooks Checking."
#54
Community Banks/Credit Unions
4.0
(1)
"If your focus is on high APY then definitely speak to local community banks and maybe even look at credit unions."
#55
Silicon Valley Bank
4.0
(1)
"Maybe try Silicon Valley Bank?"
#56
Virgin Money
4.0
(1)
"Virgin Money provides competitive interest rates and cashback on debit card spending."
#57
PNC
4.0
(1)
"The company successfully managed their LLC in Philadelphia while receiving funds from their main company in Spain."
#58
RAK Bank
4.0
(1)
"RAK bank is also fair for mid sized companies."
#59
Wise Business
4.0
(1)
"The fees are fully transparent and visible, making it worth the peace of mind."
#60
Grasshopper
4.0
(1)
"Great customer service and easy to get started with."
#61
First Citizens
4.0
(1)
"If you need to send wires regularly, look into First Citizens."
#62
Axos
4.0
(1)
"Axos has treated me great so far."
#63
Virgin
4.0
(1)
"Went with Virgin instead and not had any issues in 2 years."
#64
Santander
4.0
(1)
"The Santander ones give you cash back which is more than the sub."
#65
Al Maryah Community Bank
4.0
(1)
"Regulated by Central Bank of the UAE."
#66
Bank of America
1.3
(3)
"$10K min balance for very nice perks."
"They fucked me 5 ways to sunday with fees and bullshit."
"After 30+ years at Bofa I'm at the end of my tether with them."
#67
Shopify
3.0
(1)
"I ended up using Shopify's built-in, but I'm using Shopify as my selling platform."
#68
Mashreq NeoBiz
3.0
(1)
"Mashreq NeoBiz is also ok, but some complain about the mobile banking."
#69
USAA
2.0
(1)
"I had to have a business account."
#70
Anna Money
1.0
(1)
"They are awful, don't touch them with a bargepole!"
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