US
BlueVine Business Checking Account review: perfect for Small Business Owners
Read this BlueVine Business Checking Account review and learn about this low-fee, high-yielding business card.
Advertisement
Understanding the BlueVine Business Checking Account: Maximize Your Earnings with 2% APY
Discover the benefits of this checking account. It offers high-yielding interest, no monthly fees, and unlimited transactions. Here is our BlueVine Business Checking Account review.
How to open a BlueVine Business Checking Account
In this BlueVine Business Checking Account application guide we will show you how to easily open this low-fee, high-yielding account.
- Fees: Cash deposit fee of $4.95 per deposit.
- APY: 2% APY on funds in your main account or subaccounts, up to $100,000.
- Benefits: High-yielding interest of 2% APY on funds in your main account or subaccounts, up to $100,000. No monthly service or overdraft fees. Unlimited transactions, so you can make as many transactions as you need. Connections to popular business services like Quickbooks for easy cash flow management and transaction approval. No minimum deposit required to open the account.
- Investment Options: N/A
Take your business to the next level with Bluevine Business Checking. Get 2% APY, no minimum deposit, and cash deposit options. Read on and learn all about it.
BlueVine Business Checking Account: understand how it works
Bluevine Business Checking is a great option for small business owners, contract workers and freelancers who want an interest-bearing account with few fees.
To earn interest, you need to spend at least $500 a month with the debit card or receive $2,500 a month. In return, you will receive a 2% APY on up to $100,000.
Additionally, the account does not have any monthly service or overdraft fees. This account also allows cash deposits for a fee, which is unusual for digital banks.
One of the main advantages of Bluevine is that it is one of the few business checking accounts that earn high-yielding interest. This is paired with minimal bank fees and no limits on how many transactions you can make.
This makes it a great option for small business owners who want a business account that packs in more perks than the usual.
Bluevine offers a 2% APY on funds in your main account or subaccounts, up to $100,000. This is a significant increase compared to most business accounts
Additionally, the account does not set limits on how many transactions you can make, unlike other business checking accounts.
While incoming ACH transfers and wires have no fees, Bluevine does not have tools for invoicing or payment processing.
Bluevine also does not charge a monthly fee or require a minimum opening deposit. Additionally, it avoids overdraft fees altogether, while competitors like Novo charge around $30. As long as you keep a balance of some kind, you’ll also get 200 free checks.
The account also allows you to connect with popular business services like Quickbooks. That way you can see your cash flow and approve transactions directly from Bluevine’s dashboard.
This includes popular apps such as Cash App, Expensify, Square, Wave, Wise, Venmo, and Xero. This allows you to continue using your existing software while still having access to the benefits of Bluevine Business Checking Account.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Significant benefits and disadvantages you may find
Our BlueVine Business Checking Account review would not be complete without a comparison between its pros and cons.
So have a look at the list of benefits and disadvantages we have prepared for your below.
Benefits
- High 2% APY
- No monthly service or overdraft fees
- Unlimited transactions
- Connection to popular business services
Disadvantages
- Spending and deposit requirements for earning interest
- Fee for cash deposits
- No built-in accounting tools
- No invoicing or payment processing tools
Is a good credit score required for applicants?
The BlueVine Business Checking Account does not specify credit requirements for applicants.
To make sure they don’t, check the terms and conditions of the account or contact Bluevine customer service to confirm this information.
Learn how to apply and open a BlueVine Business Checking Account
If you like what you have seen in this BlueVine Business Checking Account review, you might want to take the next step and apply for it.
If that is the case, click the link below and we will guide you through the whole process.
How to open a BlueVine Business Checking Account
In this BlueVine Business Checking Account application guide we will show you how to easily open this low-fee, high-yielding account.
About the author / Danilo Pereira
Trending Topics
Avant Credit Card review
Learn why Avant is considered by many one of the best credit building products available in the market in our Avant Credit Card review.
Keep ReadingFirst Progress Platinum Elite Mastercard® Secured Credit Card review
Check our First Progress Platinum Elite Mastercard® Secured Credit Card and learn how you can get back on your feet financially.
Keep ReadingDelta SkyMiles® Platinum American Express Card review: Elite Perks and Miles Boosts
In this Delta SkyMiles® Platinum American Express Card review you will learn about this card's travel rewards, elite perks, and more!
Keep ReadingYou may also like
7 best student loans in 2022: find the best to help you graduate
To get the best out of your college years you need to take a look at the student loans available in 2022. This post has some of the best!
Keep ReadingFNB Petro Credit Card application: Get Free AA Roadside Assistance
Start saving big on petrol station purchases with a little help from our FNB Petro Credit Card application guide.
Keep ReadingFNB Aspire credit card application: Flexible Payment Terms and No Transaction Fees
Earn high rewards on spending with this credit card. Follow our FNB Aspire credit card application guide and get yours today!
Keep Reading