A food truck or a small counter business that wants a low or waivable monthly fee and opens and runs the account from the phone.
Weigh more here than in the overall ranking: how easy the monthly fee is to avoid, open online, and mobile check deposit.
The ranking
Relay Business Checking
By Relay
Online business checking from a fintech, with banking by Thread Bank, in three plans ($0, $30 and $120 a month). Cash goes in free at Allpoint+ ATMs or for up to $4.95 at Green Dot retailers.
RTC SCORE
8.7
#1 for Food trucks and small teams
Pros
- Starter has a $0 monthly fee, no minimum balance and no opening deposit, with no per-transaction fee in the agreement's fee schedule.
- Cash deposits at Allpoint+ ATMs are free on every plan, within the per-deposit and daily limits in the agreement.
- Relay publishes that owners who are not U.S. citizens can apply with an ITIN and a U.S. address, if the business is registered in the U.S.
Cons
- Green Dot retail deposits cost up to $4.95 each, and their limits are lower than those of the Allpoint+ ATMs.
- Outgoing domestic wires cost $8 on Starter ($5 on the $30 and $120 plans), and same-day ACH costs $1 on Starter.
- Relay is not a bank and has no branches: the money is held at Thread Bank.
- Initial term
- Month to month
Strongest on 12-month cost (reference restaurant), how easy the monthly fee is to avoid, and owner with an ITIN and no SSN. Weakest on cash deposit limit.
Capital One Business Basic Checking
By Capital One
Business checking from Capital One, N.A. with a $15 monthly fee that an average balance waives, unlimited digital transactions, $5,000 of teller cash deposits included each month and free cash deposits at Capital One and select Allpoint ATMs.
RTC SCORE
6.9
#2 for Food trucks and small teams
Pros
- Cash at Capital One and select Allpoint ATMs has no fee and doesn't count toward the $5,000 of teller cash included each month.
- The $15 monthly fee is waived with a minimum average balance over 30 or 90 days.
- Unlimited digital transactions and no fee at more than 70,000 Capital One, MoneyPass and Allpoint ATMs.
Cons
- On Basic Checking, teller cash over $5,000 a month costs $1 for each thousand dollars.
- Outgoing domestic wires cost $25 and incoming ones $15 on Basic Checking.
- The agreement allows an early-closing fee whose amount is not published.
- Initial term
- Month to month
Strongest on 12-month cost (reference restaurant), where you can deposit cash, and cash deposit limit.
Huntington Business Checking 100
By Huntington Bank
Business checking from The Huntington National Bank with no monthly fee, 100 transactions a month included and $2,500 of branch or ATM cash a month free; Unlimited Business Checking adds unlimited transactions and $10,000 of free cash for $20 a month unless waived.
RTC SCORE
6.9
#3 for Food trucks and small teams
Pros
- Business Checking 100 has no monthly fee and includes 100 transactions a month.
- $2,500 of cash a month is free at Huntington branches and ATMs, then $0.30 per hundred dollars.
- Unlimited Business Checking includes unlimited transactions and $10,000 of free cash a month.
Cons
- Each transaction over 100 a month costs $0.50 on Business Checking 100.
- Sole proprietors must open at a branch, and Huntington doesn't mention ITIN for business accounts.
- Unlimited Business Checking costs $20 a month unless the business keeps a 10,000-dollar relationship balance or an owner has Perks Checking.
- Initial term
- Month to month
Strongest on 12-month cost (reference restaurant), how easy the monthly fee is to avoid, and cash deposit limit.
U.S. Bank Business Essentials
By U.S. Bank
Branch bank business checking with a $0 monthly fee, unlimited electronic transactions, 25 teller and paper transactions a cycle and 25 units of cash deposits a cycle, then $0.35 per $100 of cash.
RTC SCORE
6.7
#4 for Food trucks and small teams
Pros
- $0 monthly fee with no minimum balance, and electronic deposits, ACH, transfers and debit card purchases are unlimited at $0.
- Takes cash at branches and at U.S. Bank ATMs: 25 units included each cycle, then $0.35 per $100, with no published monthly cap.
- The requirements checklist accepts an SSN or an ITIN from the applicant.
Cons
- Only 25 teller and paper-check transactions a cycle are included; each one after that costs $0.50.
- Each cash deposit is counted in whole units and any deposit under $150 is one unit, so frequent small deposits use the allowance faster.
- Paper statements are on by default and cost $6.50 a cycle until you switch to paperless.
- Initial term
- Month to month
Strongest on 12-month cost (reference restaurant), how easy the monthly fee is to avoid, and cash deposit limit.
PNC Business Checking
By PNC
Branch bank business checking at $12 a month, waived with a $500 average monthly collected balance or a PNC card or merchant relationship, with 150 transactions included and $0.30 per $100 of branch cash past the included volume.
RTC SCORE
6.1
#5 for Food trucks and small teams
Pros
- 150 combined transactions a month included, then $0.50 each.
- Branch cash is free up to a monthly volume, then $0.30 per $100, with no published monthly cap.
Cons
- $12 monthly fee unless you keep a $500 average monthly collected balance or have a linked PNC card or merchant account.
- The Business Checking requirements ask for the SSN of every signer and don't mention an ITIN.
- Night depository bags cost $3.00 each, and a branch domestic wire costs $95.
- Initial term
- Month to month
Strongest on 12-month cost (reference restaurant), cash deposit limit, and open online. Weakest on owner with an ITIN and no SSN.
Chase Business Complete Banking
By Chase
Branch bank business checking with a $15 monthly fee that a $2,000 minimum daily balance or other activity waives, 20 teller and paper-check transactions and $5,000 of branch cash a cycle included, and no fee for cash deposited at Chase ATMs.
RTC SCORE
5.9
#6 for Food trucks and small teams
Pros
- Cash deposited at Chase ATMs has no charge and no published monthly cap, on top of $5,000 of branch cash included each cycle.
- Electronic deposits, ACH, ATM transactions, mobile deposits and debit card purchases don't count toward the 20 included transactions.
- The branch checklist accepts an ITIN for non-U.S. citizens, and a matrícula consular as primary ID for those without a green card.
Cons
- $15 a month unless you keep a $2,000 minimum daily balance or meet another activity; going below $2,000 on any day of the cycle counts.
- Branch cash over $5,000 a cycle costs 0.30% of the excess, and teller transactions or paper checks over 20 cost $0.50 each.
- Does not earn interest, and online opening is limited to sole proprietorships, corporations and single-member or manager-managed LLCs.
- Initial term
- Month to month
Strongest on cash deposit limit, owner with an ITIN and no SSN, and 12-month cost (reference restaurant).
Bank of America Business Advantage Fundamentals Banking
By Bank of America
Branch bank business checking with a $16 monthly fee, not charged for the first 12 statement cycles and avoidable with a $5,000 combined average balance or $500 of business debit card purchases, with 20 transactions and $5,000 of cash a cycle included.
RTC SCORE
5.9
#7 for Food trucks and small teams
Pros
- The $16 monthly fee is not charged for the first 12 statement cycles, and $500 a cycle of business debit card purchases also avoids it.
- Debit card transactions, electronic debits and checks deposited by mobile or at a Bank of America ATM don't count toward the 20 included transactions.
- Cash can be deposited at financial centers or Bank of America ATMs, with $5,000 a cycle included and no published monthly cap.
Cons
- Cash over $5,000 a cycle costs $0.30 per $100 at both branches and ATMs, and items over 20 cost $0.45 each.
- No business page read mentions an ITIN, and the online application asks for an SSN for everyone on it.
- Does not earn interest.
- Initial term
- Month to month
Strongest on 12-month cost (reference restaurant), cash deposit limit, and how easy the monthly fee is to avoid.
Wells Fargo Initiate Business Checking
By Wells Fargo
Branch bank business checking with a $15 monthly fee that a $2,000 minimum daily balance or a $5,000 combined average balance avoids, 100 transactions and $5,000 of cash a cycle included, then $0.50 per transaction and $0.30 per $100 of cash.
RTC SCORE
5.6
#8 for Food trucks and small teams
Pros
- 100 transactions a fee period at no fee on the $15 tier, and a $5,000 combined average balance across business accounts also avoids the monthly fee.
- Cash can be deposited at a teller, at Wells Fargo ATMs or in the night depository, with $5,000 a fee period included.
- The required documents page accepts consular cards from Colombia, Guatemala and Mexico as a primary ID.
Cons
- Electronic debits and every check deposited count toward the 100 transactions; over 100 each costs $0.50.
- Cash over $5,000 a fee period costs $0.30 per $100, and ATM cash may have limits the bank does not publish.
- The $15 tier does not earn interest, and no business page read mentions an ITIN.
- Initial term
- Month to month
Strongest on 12-month cost (reference restaurant), where you can deposit cash, and open online.
Bluevine Business Checking
By Bluevine
Online business checking from a fintech, held at Coastal Community Bank, with a $0 Standard plan, cash deposits at Allpoint+ ATMs and Green Dot stores for a fee, and interest on checking when you meet an activity goal.
RTC SCORE
4.8
#9 for Food trucks and small teams
Pros
- Standard plan with a $0 monthly fee, no minimum balance and no limit on the number of transactions.
- Takes cash at 1,500+ Allpoint+ ATMs ($1 plus 0.5% per deposit) and 90,000+ Green Dot stores ($4.95 per deposit).
- Up to $3,000,000 in FDIC coverage through Coastal Community Bank and its sweep program banks.
Cons
- Cash is capped at $7,500 per rolling 30 days per network, and every cash deposit has a fee.
- Outgoing domestic wires cost $15 on the Standard plan.
- The Plus and Premier fees are waived only if you meet a balance and a card spending requirement together.
- Initial term
- Month to month
Strongest on how easy the monthly fee is to avoid, open online, and mobile check deposit. Weakest on 12-month cost (reference restaurant).
Mercury Business Checking
By Mercury
Online business checking from a fintech, with banking services through Choice Financial Group and Column N.A., no monthly fee, free domestic wires and no cash deposits.
RTC SCORE
4.6
#10 for Food trucks and small teams
Pros
- $0 monthly fee with no minimum balance, and $0 for ACH, domestic wires, real-time payments and mailed checks.
- Up to $5,000,000 in FDIC coverage through its partner banks' sweep network of up to 20 banks.
- Connects to QuickBooks Online, Xero and NetSuite.
Cons
- Does not accept cash deposits, at ATMs or anywhere else.
- The checking account pays 0.00% interest.
- Mercury is not a bank: the money is held by Choice Financial Group or Column N.A.
- Initial term
- Month to month
Strongest on how easy the monthly fee is to avoid, fee to close the account, and open online. Weakest on 12-month cost (reference restaurant).
Lili Business Checking
By Lili
Online business checking from a fintech, provided by Sunrise Banks, with a $0 Core plan, paid plans with bookkeeping and tax tools, and cash deposits at participating retail stores.
RTC SCORE
4.2
#11 for Food trucks and small teams
Pros
- Lili Core has a $0 monthly fee, no minimum to open and no fee for overdrafts or standard ACH.
- Takes cash at participating retail stores; Lili adds no fee of its own.
- Up to $3,000,000 in FDIC coverage through Sunrise Banks and its sweep program banks.
Cons
- Cash is capped at $5,000 per cardholder a month, and each store can charge up to $4.95 per deposit.
- Checking accounts pay no interest on any plan.
- Outgoing domestic wires cost $15.
- Initial term
- Month to month
Strongest on how easy the monthly fee is to avoid, open online, and mobile check deposit. Weakest on 12-month cost (reference restaurant).
Found Business Banking
By Found
Online business checking from a fintech, with banking by Lead Bank, a free plan and two optional paid plans ($35 and $80 a month) that add bookkeeping tools and interest. Cash goes in at retail stores: one deposit a month is free and each one after costs $2.
RTC SCORE
4.1
#12 for Food trucks and small teams
Pros
- The free plan has a $0 monthly fee and no minimum balance, and the Fee Schedule has no per-transaction fee.
- Cash can be deposited at participating retail stores with a barcode from the app; the first deposit each month is free.
- Bookkeeping and tax tools are built in, and the paid plans add interest (1.50% APY on Plus, 2.50% on Pro, variable).
Cons
- Cash deposits after the first each month cost $2 each, and cash is capped at $4,000 per rolling 30 days; ATM cash deposits are not supported.
- An SSN is required to open the account; Found does not mention an ITIN.
- Outgoing domestic wires cost $15 on the free and Plus plans, and Found documents no direct sync with outside accounting software.
- Initial term
- Month to month
Strongest on how easy the monthly fee is to avoid, fee to close the account, and open online. Weakest on 12-month cost (reference restaurant).
Novo Business Checking
By Novo
Online business checking from a fintech, with banking by Middlesex Federal Savings, a $0 monthly fee and no minimum balance. It does not take cash deposits.
RTC SCORE
3.7
#13 for Food trucks and small teams
Pros
- $0 monthly fee and $0 minimum balance, with $0 standard ACH transfers in and out and no per-transaction fee in the Fee Schedule.
- Novo charges no ATM fee and refunds up to $7 a month in fees charged by ATM operators.
- Connects to QuickBooks Online and Xero from the app.
Cons
- It does not take cash deposits; the only workaround Novo describes is buying a money order and depositing it as a check.
- Every owner with 25% or more needs an SSN; Novo says the application can't be completed without one.
- Novo is not a bank: the money is held at Middlesex Federal Savings, and outgoing domestic wires cost up to $45 in the Fee Schedule.
- Initial term
- Unconfirmed
Strongest on how easy the monthly fee is to avoid, fee to close the account, and open online. Weakest on 12-month cost (reference restaurant).
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