BlueVine Business Banking Review: Business Checking Without The Fees

Business checking is often equated with fees. For the most part, that is true. Banks like to hit small business owners with fees from every angle.

It can be difficult to find a bank that has free business checking or, at the least, very low fees. But if you want to keep your business banking costs low, you don’t have to look very far because BlueVine Business Checking fits the bill.

BlueVine doesn’t have all of the fees that are charged by other banks. Do you have a small business and keep a small checking balance? That’s not a problem with BlueVine because there aren’t any minimums or monthly account fees. In this article, we go through everything BlueVine Business Checking has to offer.

BlueVine Capital Inc. was founded in 2013 and is based in Redwood City, CA. Its CEO is Eyal Lifshitz. Bluevine has an A+ rating from the Better Business Bureau® and a 5 out of 5 star rating from Trustpilot. So far, they’ve helped small businesses secure over $6.5 billion in financing. They’ve raised $692.5 million and are currently on a Series F.

“Our platform was designed specifically for business owners who are looking to take their business growth to the next level but need flexible working capital support to get there,” Lifshitz said to CrowdFundInsider. “By making working capital financing fast, easy and flexible for business owners, we’re delivering on our mission – to expand access to capital for small business owners.”

BlueVine provides business checking with no hidden fees and no minimums to open an account. There are no fees such as monthly maintenance, NSF (not sufficient funds), or incoming wire fees that are charged by so many other business checking products. Check out our favorite business checking accounts for small businesses.

Included with your account are a debit card and bill pay. You can pay vendors as a one-off transaction or set up recurring payments. You don’t have to worry about running out of checks with BlueVine because you’ll get two checkbooks.

Check deposits can be made through the BlueVine mobile app. If you need to deposit cash, you can use a Green Dot retail location. You’ll earn 1.00% APY on balances up to $100,000. You’ll also have unlimited transactions. 

Just because BlueVine doesn’t have branches doesn’t mean they don’t provide good customer service. You can reach them by email or phone at 888-216-9619. Their hours are Monday through Friday, 8am to 8pm (ET) and Saturday, 12pm to 4pm (ET).

You can visit the BlueVine website to open an account. BlueVine boasts that their streamlined account sign-up process won't take you longer than 60 seconds.

How Does BlueVine Compare?

BlueVine is definitely not the only business checking account around. However, they've made it onto our best business checking account list because of their low fees and ability to earn interest.

See how they compare to these options here:

Yes, funds deposited with BlueVine are FDIC-insured to at least $250,000 through The Bancorp Bank.

Yes, BlueVine comes with all of the features you’d expect from a business checking account while refusing to charge many of the common fees that other banks do. 

Avoiding fees with any kind of banking service is just smart business. But if you're looking for a bank that offers physical branches and in-person customer service, you may want to look into other low-cost business checking account options.