Bluevine Business Checking Account Review
The Bluevine Business Checking Account is one of the best business checking accounts. It pays a solid interest rate if you meet certain requirements and offers unlimited free transactions. You also have the ability to deposit cash, which sets it apart from other online business accounts.
Bluevine Business Checking Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
1.50%
Minimum Opening Deposit
$0
- No minimum opening balance
- No monthly service fees
- Unlimited monthly transactions
- Earn competitive interest rate on balances up to $250,000
- No non-sufficient funds fees
- No in-network ATM fees
- No incoming domestic wire transfer fees
- Ability to deposit cash
- No physical branches
- Doesn’t reimburse any fees charged by out-of-network ATMs
- $4.95 fee for cash deposits at Green Dot locations
- $15 outgoing wire transfer fee
- $2.50 out-of-network ATM fee
Insider’s Take
The Bluevine Business Checking Account is on Personal Finance Insider’s list of the best free business checking accounts. It pays a solid interest rate if you meet certain requirements and offers unlimited free transactions. You also have the ability to deposit cash, which sets it apart from other online business accounts.
Product Details
- To get your $300 bonus, apply for a Bluevine Business Checking account anytime between now and 3/31/2025 using referral code CA300.
- After opening your account, deposit a total of $2,000 within the first 30 days. After 30 days, maintain a minimum daily balance of $2,000 while also completing at least one of the following eligibility requirements every 30 days for 90 days:
- -Deposit at least $5,000 from eligible merchant services to your Bluevine account
- -Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers
- -Spend at least $2,000 on eligible transactions with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®
- Earn 1.50% APY on balances up to $250,000 if you meet one of the following requirements: Spend $500 using your Bluevine debit card per month OR receive customer payments of $2,500 or more per month
- Earn a higher APY when you join Bluevine Premier for a $95 monthly fee or avoid the monthly fee by maintaining an average daily balance of at least $100,000 in your Bluevine Business Checking account and/or sub-account(s) and spending at least $5,000 with your Bluevine Business Debit Mastercard®
- Deposits are FDIC insured through Coastal Community Bank, Member FDIC
Bluevine Business Checking Account Pros and Cons
About Bluevine
Bluevine is an online fintech company with business banking products. It offers a business checking account, a business line of credit, and a business credit card.
Bluevine is not a bank. However, your deposits are insured by the FDIC for up to $3 million through Bluevine’s partner bank, Coastal Community Bank, and banks participating in a sweep network. You can find a list of banks in the sweep network here.
Bluevine Online and Mobile Banking
Bluevine has an online dashboard to get a big picture of your finances. You’ll be able to see the account balance of your Bluevine Business Checking Account as well as any linked external accounts (the information is updated daily). You can add bills and schedule payments from your dashboard to make it easier to manage expenses.
Bluevine also allows you to make up to five sub-accounts with your Bluevine Business Checking Account, so you can organize your expenses by a specific category. You can manage sub-accounts through online and mobile banking.
The Bluevine mobile app also lets you make mobile check deposits, review transactions, and make bill payments.
Bluevine Checking Fees and Costs
Bluevine offers a Standard Plan, Plus Plan, and Premier Plan. Here is an overview of the fee structure for the three plans:
The Plus Plan pays 2.70% APY on balances up to $250,000 and has perks like five free printed and mailed checks per month. The Plus Plan has a $30 monthly service fee that’s waivable. To waive the fee, you’ll need to keep an average of $20,000 in your account daily and spend at least $2,000 on a Bluevine debit card each month.
The Premier Plan offers the highest potential APY, as well as perks like priority customer support. The Premier Plan has a $95 monthly fee that’s waivable. To waive the fee, you must maintain a minimum average daily balance of $100,000 in your account and spend at least $5,000 with a Bluevine debit card each month.
Bluevine Checking Interest Rates and Earnings
The Standard Plan allows you to earn 1.50% APY on checking account balances up to $250,000. You must meet certain requirements to earn interest on the Standard Plan. Each month, you’ll need to spend $500 or more using your Bluevine debit card or receive customer payments of $2,500 or more.
The Plus and Premier Plans do not have requirements for earning interest. The Plus Plan pays 2.70% APY on checking balances up to $250,000. The Premier Plan pays 3.70% APY on checking balances up to $3 million.
Remember that the Plus and Premier Plan have monthly service fees to be mindful of. You’ll need to make sure you meet the requirements to waive fees to benefit from the higher interest rate earnings.
Bluevine is also offering a $300 bonus when you open a new Bluevine Business Checking Account before 3/31/25 using the referral code CA300 and complete qualifying activities. To get the bonus, customers must deposit a total of $2,000 within the first 30 days. After 30 days, maintain a minimum daily balance of $2,000 while also completing at least one of the following eligibility requirements every 30 days for 90 days.
- Deposit $5,000 or more from eligible merchant services to your Bluevine account
- Make $5,000 or more of outbound payroll payments from your Bluevine account using eligible payroll providers
- Spend at least $2,000 with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®
Bluevine Customer Service and Support
Bluevine has a Help Center on the website that resolves questions about the platform’s business checking, business lending, and business credit card products.
To contact customer support, call or send an email Monday through Friday from 8 a.m. to 8 p.m. ET. If you have questions about the Bluevine business credit card specifically, you must call from 8 a.m. to 5 p.m. ET on weekdays.
Bluevine doesn’t have weekend customer support. If you prefer financial institutions with weekend customer service availability or extended hours, there are banks with 24/7 customer support.
The Bluevine app has relatively good ratings, although it hasn’t gotten as many reviews as popular online banks. It’s received 4.6 out of 5 stars on the Google Play store based on nearly 1,500 reviews. It’s also rated 4.7 out of 5 stars out of 2,800 ratings.
Is Bluevine Trustworthy?
Bluevine doesn’t have any public controversies.
The Better Business Bureau gives Bluevine an A+ rating. A strong BBB grade signifies that a company advertises honestly, responds effectively to customer complaints, and is transparent about business practices.
How to Open a Bluevine Business Checking Account
To get a Bluevine Business Checking Account, you’ll need certain documentation.
If you have a sole proprietorship, here are the documents and information you’ll need to apply:
- Trade name or legal business name
- Basic information about your business, like its address, primary phone number, industry type and annual gross revenue
- Basic information about yourself, like your legal name, address, phone number, Social Security number, date of birth, and Employer Identification Number (EIN)
- A copy of your driver’s license
- Trade name certificate or document that shows your registered trade name
If you are part of a corporation, LLC, LLP, general partnership, or limited partnership, you must provide personal information for each owner as well as documentation that specifies the role of each person, like Articles of Organization, Articles of Incorporation, or a signed Partnership Agreement.
As a reminder, Bluevine doesn’t have physical branches, so you can apply online. Once you’ve opened a Bluevine Business Checking Account, you can link an external bank account to make a deposit. It can take up to three business days for the transfer to go through. You may also make check deposits or deposit cash at select ATMs or retail locations.
Bluevine Benefits for Small Businesses
Bluevine has digital banking tools for business. For example, Bluevine launched an accounts payable platform in 2023 to streamline payment processing through the Bluevine dashboard.
The online platform also lets you send money internationally. International payments have a $25 fee for U.S. dollar payments and an additional 1.5% fee for non-U.S. dollar payments. You can send payments to 32 countries in 15 different currencies. You can send international payments as long as your business isn’t based in Nevada or it is in the finance, insurance, or mining industry.
Bluevine FAQs
Yes, you can earn interest on a Bluevine Business Checking Account. Earning interest with your checking will depend on the plan you choose. The Standard Plan pays 1.50% APY on checking account balances up to $250,000 (if you meet certain monthly requirements), the Plus Plan pays 2.70% APY on balances up to $250,000, and the Premier Plan pays 3.70% APY on balances up to $3 million.
Bluevine Business Checking has no monthly service fee if you select the Standard Plan. If you get the Plus Plan there’s a $30 monthly service fee. If you choose the Premier Plan, there’s a $95 monthly fee. You can waive fees for the Plus and Premier Plans if you meet certain requirements.
Yes. You can withdraw money from over 37,000 MoneyPass ATMs throughout the U.S. If you want to make a cash deposit, you can visit one of 1,500 Allpoint+ ATMs available nationwide.
Opening a business account with Bluevine must be done online. To open the account, you’ll need a driver’s license, employer identification number (if you have a business that’s a partnership or corporation) or Social Security number (if you’re a sole proprietor), and basic business documentation (such as licenses, permits, and articles of organization).
Bluevine’s Standard Plan has lower checking account fees than brick-and-mortar banks, but it stacks up fairly evenly with the best online banks. If you compare the Plus or Premier Plans to higher-tier business checking accounts at traditional banks, the monthly service fee may be similar or even a bit higher, depending on the bank.
No, Bluevine is a fintech company. However, money in the Bluevine Business Checking Account is FDIC-insured through Coastal Community Bank and program banks for up to $3 million.
Banking services are provided by Coastal Community Bank. Bluevine also has several program banks, including but not limited to Associated Bank National Association, Synovus Bank, and Truist Bank. Bluevine spreads your money across these program banks so it can protect up to $3 million in deposits.
You can deposit cash at Green Dot locations. Participating retailers include, but aren’t limited to, CVS Pharmacy, Walgreens, and Walmart. When you visit a location, walk up to the cashier and ask them to load money onto your Bluevine debit card. However, keep in mind some retailers may charge a fee of up to $4.95.
Bluevine Business Checking Account Review
If you’re comfortable banking online, the Bluevine Business Checking Account is a solid choice. The Standard Plan doesn’t charge any monthly bank maintenance fees and pays interest if you meet certain criteria.
To earn 1.50% APY on balances up to $250,000, you’ll need to spend $500 or more using your Bluevine debit card or receive customer payments of $2,500 or more. If you do not fulfill one of the requirements each month, you won’t earn interest on the account.
Bluevine also now offers a Plus and Premier Plan. These Plans may be appealing if you maintain a high account balance and use your business debit card frequently for transactions.
Compare the Bluevine Business Checking Account
Bluevine vs. Live Oak Bank Business Checking
Live Oak Bank is an online financial institution with business checking accounts, business savings accounts, and CDs. If you’re looking for a competitive interest rate on a business bank account, Live Oak Bank may be more appealing. Its free business savings account pays 3.70% APY, and its CD rates than are higher than the national average.
You may lean more toward Bluevine if you would like to deposit cash. Live Oak Bank does not accept cash deposits for accounts. It may also be a better choice for avoiding monthly service fees. Bluevine’s Standard Plan has no monthly service fees, while all Live Oak Bank business checking accounts have a monthly service fee to be mindful of.
Bluevine vs. Axos Bank Business Checking
Bluevine only offers a checking account, but Axos Bank also has business savings, CDs, and a money market account. The Axos Bank Basic Business Checking Account has a up to $400 cash bonus that’s featured in our best bank account bonuses guide.
However, keep in mind that Bluevine checking account still pays a higher interest rate than Axos’ savings options.
Why You Should Trust Us: How We Reviewed the Bluevine Business Checking Account
We used a business checking account methodology for our Bluevine Business Checking Account review. We analyzed transaction limits, minimum opening deposit requirements, monthly fees, ATM network/fees, customer support availability, mobile app ratings, miscellaneous features, and the ethics and security of the company. We use a weighted average to get our star rating.
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