The best small business bank accounts in 2025

If you’re a business owner, choosing the right business bank account is imperative. Whether you’re starting a new business or looking to streamline your existing operations, having the right business bank account saves you time, money and effort and also equips you with the right tools to grow your business.

However, with so many options available, it can be tricky to find the right bank that aligns with your business needs. Here, we share our guide to the best small business bank accounts in 2025 for your bank account needs—be it low fees, great customer support or ease of use.

Scroll down to discover the best options available to help you improve your small business banking operations.

How do we evaluate small business bank accounts?

First thing’s first. Let’s make it clear how we evaluated these accounts and ranked them. We assessed various key factors that are essential for small business owners and analysed which bank accounts provided them. We looked at:

Fees and account maintenance

Fee structures are important for any small business owner. We looked at all sorts of fees—from monthly fees to transaction fees—and prioritised those with low fees as they make a huge difference in small business operations.

Transaction limits and features 

We also examined the number of free transactions allowed by each bank in one month, as well as the ability to deposit cash, make payments and write checks through their banking platforms. We also compared the different business banking features like mobile apps, online banking and integration with existing accounting tools.

Cash deposit capabilities 

As small business owners regularly deal with cash payments, we looked at free cash deposits, fees for additional deposits, access to deposit networks and ATMs for different bank accounts.

Interest rates and saving options 

We also looked at interest rates, prioritising small business bank accounts offering competitive rates and no monthly fees.

Customer support and accessibility 

Each business account must offer great customer service. We therefore looked at the quality of support services and their availability in extended hours.

Security and trustworthiness 

When it comes to finances, security is of utmost importance. We therefore ensured that all our shortlisted banks had security features like two-factor authentication, encryption and fraud protection. Only a stable and secure bank can ensure long-term success for a small business.

Top 5 small business bank accounts

Based on our evaluation, we shortlisted the following five small business bank accounts that offer great features and services tailored for small business owners.

1. TransferGo

With over 8 million customers and counting, TransferGo is the expert in fast, low-cost money transfers to more than 160 countries worldwide. The fast-growing fintech recently launched a single, simple-to-use, multi-currency business account that lets you send, receive and manage money from all around the world.

Features:

• Zero set-up fees or subscription costs
• Hold and exchange multiple currencies at once
• Transparent pricing with no hidden fees
• Zero fees on major routes, with transfer margins as low as 0.35 and a 97%+ faster-than-promised delivery rate
• Top-notch customer support team in 9 languages
• High-grade security protocols to keep your money safe

2. Starling Bank

Based in the UK, Starling Bank is Britain’s first digital bank. With over four million accounts and four offices in the UK, the bank offers world-class banking services for small business owners including an award-winning business bank account.

Features:

• Facility of sub-accounts to separate funds for different business needs
• No monthly fees
• Free UK transfers with faster payments
• Instant notifications and excellent customer support
• Contactless business debit cards for making payments and withdrawing cash
• Cash deposits can be done and are charged at £3 or 0.7% of the amount deposited (whichever fee is higher)

3. Revolut Business Bank

Revolut is a Pan-European bank for those looking for highly flexible and international solutions. It also makes it easy to make international payments or multi-currency transactions.

Features:

• Free plans are available with basic features. Paid plans offer advanced features
• International payments in over 25 currencies with competitive exchange rates to over 100 countries
• Integrates with different accounting software
• Dedicated virtual cards and direct debits are available

4. Wise Business

If you’re a small business owner who handles international transactions and e-commerce operations, Wise Business (formerly known as Transfer Wise) can be a good choice for low-cost conversions.

Features:

• No monthly fee for basic plans (there are paid advanced plans too)
• When sending money, fees are applicable based on the amount and currency involved
• Low and transparent fees for currency conversions
• Business debit cards available for easy spending and withdrawals

5. N26 Business 

If you’re looking for a mobile-first banking experience, a N26 business bank account is a suitable choice. The Germany-based bank service is available in several European countries and the US.

Features:

• Basic plans come with no monthly fees
• Free domestic transfers for all bank account holders
• Virtual cards available
• Sub-accounts feature makes managing your finances easier

Business bank accounts: Features to compare

While comparing different bank accounts, consider comparing these business banking features:

• Monthly maintenance fees, transaction fees, and any other service fee
• Number of free transactions per month
• Availability of free cash deposit and its limit
• Availability of interest rates on checking
• Availability of online and mobile banking options
• Ability to integrate with existing systems of businesses
• Security features
• Customer support

How to choose the right business bank account

Each business has its own specific needs and priorities and thus no one account is suitable for all. For instance, some business owners may prefer in-person assistance while some others prefer online business banking. For some, a free transaction limit is essential while for others a low-fee maintenance account is more crucial. No one rule can define how you should choose the best small business bank account. 

With this in mind, every small business owner must assess their requirements and look into the key features described above. Do you want an account that saves you money? Or is an account that supports your daily activities more important? Only you can determine which is the best small business bank account for your needs.

However, the TransferGo global business account does make your money go further. Whether you’re a sole trader, run a multinational operation or manage an ambitious scale-up, the TransferGo business account helps you to streamline your cash flow, while saving you time and money.

Benefits of a dedicated business bank account

Here are the key benefits of having a dedicated bank account for your small businesses:

• Professionalism: Having a specialised business bank account communicates a professional image among your customers, vendors and partners.
• Separation of personal and business finances: Keeping your business transactions separate simplifies your tax filing and bookkeeping.
• Tax simplicity: Being able to easily track your business income and expenses makes it easy to file your taxes accurately.
• Improved cash flow management: Specialised business bank accounts help you manage your cash flow effectively through expense tracking, invoicing and payment tools.
• Access to credit and business loans: Business bank accounts create a solid financial history of your business, making it easier for you to get approved for loans and lines of credit.
• Growth and scalability: Bank accounts services and features like payroll and invoicing may grow as your business grows.

Ready to set up a multi-currency global business account with zero fees, high-grade security and a host of other benefits? Sign up to TransferGo today and reimagine the way you handle international payments.

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The information provided in this blog post is for general informational purposes only and reflects the author’s personal opinion. Any comparisons made between TransferGo and other businesses are intended to highlight differences and provide a fair overview, based on publicly available information as of the date of publication.

While every effort is made to ensure the accuracy of the content, we make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date. We encourage readers to independently verify any claims or information presented in this post.

Any references to other companies, products, or services do not imply endorsement or affiliation with TransferGo, and we do not accept responsibility for the actions, products, or services of third parties.