Small Business Banking
Banking built to grow your business.
Transparent pricing, competitive rates, and no unnecessary fees — all in a digital-first platform designed for business owners.
Among the Best Online Banks
2022 Forbes
Best Checking Account for High Interest
NerdWallet
Best Checking Account Overall Motley Fool's
The Ascent
More than banking. Everything built for business.
Explore our best business bank accounts.
No branches, no hassle. Choose from checking and high-yield savings accounts designed to keep more money in your business, with low fees, competitive rates, and digital tools that work around the clock.
Basic Business Checking
No monthly maintenance fees. Free domestic and international incoming wires.
Simple, transparent banking from day one.
Business Premium Savings
Grow your reserves faster with a high-yield savings account.
No monthly fees, no minimums, no catch.
Axos Business Bundle
Your complete business banking solution:
No-fee checking for daily operations plus high-yield savings with 3.60% APY.*
Claim your business account bonus.
New to Axos? Open a qualifying business account and earn a bonus just for banking smarter.
Checking: Up to $2001
Earn a business checking account bonus of up to $200 when you open and fund your account.
- No monthly maintenance fees
- Free domestic and international incoming wires
- Earn up to $200 when you open and fund your account.
Bundle: Up to $6002
Checking plus high yield savings, bundled for growing businesses that want seamless, cost-efficient digital banking.
- All Basic Business Checking features included.
- High-yield savings with no monthly fees.
- Earn up to $600 when you open and qualify.
How to choose a bank for your small business?
To choose a bank for your small business, look for low fees, competitive rates, and digital tools that match how your business actually operates.
The best bank for small business should grow with you, not slow you down.
Services to help your business grow.
Everything your business needs to bank smarter, all in one place.
SBA Loans
Access flexible financing to fund growth, cover expenses, or seize new opportunities — designed to meet your business where it is.
Merchant Services
Accept payments faster with easy, reliable processing built for businesses of any size, with a seamless checkout experience.
Payroll Services
Run payroll quickly, accurately, and on time. Our payroll tools help you stay compliant and keep your team paid without the administrative headache.
Treasury Management
Protect your business with fraud prevention and risk management solutions that give you full visibility and control over your cash flow.
Insured Cash Sweep
Access expanded FDIC insurance through a single-bank-relationship.
Benefits of a business bank account.
A dedicated business bank account organizes your finances, protects your business, and gives you the tools to grow.
- Organized finances start with clear separation of revenue and expenses, making tax time easier and integrating seamlessly with accounting software to keep cash flow under control.
- Business protection means your personal assets stay separate from business debts, your customers can pay in your business name, and your legal credibility is established from day one.
- Grow your business with access to the financial tools that scale with you — merchant services, business credit, and treasury management all in one place.
24/7 banking support.
One phone number for all your business banking needs. Call 844-678-2726 anytime, day or night. Reach our Relationship Managers Monday through Friday, 6 a.m. to 6 p.m. PT for personalized support. After hours, weekends, and holidays, we're available for fraud alerts, card services, and urgent assistance.
All in one App
Stay on top of your money. Anytime. Anywhere.
Team up with the bank that supports you. In the Axos app, managing business finances is easy. Sync all your accounts to check balances, deposit checks, pay bills, and get custom account alerts quickly.
Small Business Banking Frequently Asked Questions
What is a business bank account?
A business bank account is designed to conduct business transactions, keeping them separate from your personal finances. You can make and receive payments in your businesses’ name instead of your name.
What type of bank account do I need for my small business?
Types of business bank accounts include checking, savings, certificate of deposit (CD), and money market. Research the features of each type of account to determine what is the best fit for you.
What is small business banking?
Small business banking is financial services tailored to small or medium-sized businesses. This can include business checking and savings accounts, merchant services, and treasury management. These services are designed for lower transaction volume and more personalized customer service.
How much money should a small business have in the bank?
Generally, a small business owner should have three to six months of expenses saved. This amount should keep you financially protected in the case of an emergency.
What do I need to open a business bank account?
You’ll need the appropriate documentation, including Employer Identification Number (EIN), Social Security Number (if you’re a sole proprietor), ownership agreement, business license, and articles of incorporation/organization. Requirements can differ depending on the type of business you have.
Can I open a business account with EIN only?
No. You will likely need to provide other business documents and information.