Top 5 Business Bank Accounts for LLCs & Startups in 2025
If you are a new LLC or startup, one of the first and most important financial steps you will ever take is to open the right business bank account. If you’re based in the United States or the United Kingdom, you’ll want to pick a bank account that’s modern, low fee, and feature-rich to streamline everything from reporting your taxes to making client payments to getting the credit you need for your business.
In this guide, we’re going to take a look at the top 5 business banking options for 2025, pitting traditional banks against digital banks that are tapping into the entrepreneur community.
Why Your LLC or Startup Needs a Business Bank Account
- Legal Protection: Having separate personal and business finances keeps your LLC’s liability shield intact.
- Tax Clarity: It’s easy to keep track of income, expenses, and deductions.
- Professionalism: Receiving payments through a business account shows clients you’re serious.
- Business Credit: Opens the door to credit cards, loans, and capital.
Top 10 Best Business Bank Accounts in the USA (2025)
1. Mercury – Best for Startups and Tech Companies
- $0 monthly fees, overdrafts, or incoming wires
- Integrates with Stripe, QuickBooks, Shopify
- Offers virtual and physical debit cards
- FDIC insured via partner banks
Why it stands out: No physical branches, ideal for online businesses and Delaware LLCs. Fast onboarding for US and international founders.
2. Bluevine – Best for Earning Interest
- 2.0% APY on balances up to $250,000
- Free ACH transfers and mobile check deposit
- No monthly fees or minimums
- Access to line of credit for qualified businesses
Why it stands out: A hybrid banking and lending solution ideal for small businesses with higher balances.
3. Chase Business Complete Banking®
- $300 bonus for new account holders (terms apply)
- 5,000+ branches and ATMs nationwide
- Supports Zelle for business payments
Why it stands out: Best for brick-and-mortar businesses that want both physical and digital support.
Top UK Business Bank Accounts (2025)
4. Tide – Top Choice for UK Freelancers and SMEs
- Free basic account with a mobile-first experience
- Integrated invoicing and accounting tools
- Business Mastercard and expense tracking
- FCA regulated
Why it stands out: Instantly open an account and use mobile tools tailored to UK startups.
5. Revolut Business – Best for International Payments
- Hold multiple currencies: USD, EUR, GBP, and more
- Free currency exchange up to a certain limit
- Corporate cards for your team
- Integrates with Xero, QuickBooks, Slack
Why it stands out: Perfect for startups with remote teams or international clients.
Things to Consider When Opening a Business Bank Account
- Low or no monthly fees
- Easy mobile app and online access
- Compatibility with accounting software
- High APY or reward structures
- Fast approval (especially for LLCs & non-resident founders)
- Deposit safety coverage via FDIC (USA) or FSCS (UK)
FAQs
Do I need an EIN to open a U.S. business account?
Almost all banks require an EIN for LLCs and corporations. Sole proprietors may use an SSN.
Can a non-resident open a U.S. business bank account?
Yes. Fintech banks like Mercury and Relay allow international founders with a U.S. LLC and EIN to open accounts.
Is Tide available outside the UK?
No. Tide is currently UK-only and regulated by the FCA. Best for UK residents and businesses registered in the UK.
Should I choose a digital or traditional bank?
It depends. Traditional banks offer in-branch support and credit history, while digital banks have lower fees and advanced tech tools.
How do I switch business bank accounts for my Sage account?
Update your payment and deposit details to the new account, then close the old one. Some banks offer switch assistance.
