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.
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.
- 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.
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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.
- High 2% APY
- No monthly service or overdraft fees
- Unlimited transactions
- Connection to popular business services
- 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.
About the author / Danilo Pereira
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