BlueVine Capital Inc. is based in Redwood City, Calif., and was launched in 2013 by CEO Eyal Lifshitz. With BlueVine Business Checking, we aim to improve todayâs current banking experience for business owners like you. © 2021 BlueVine Inc. All Rights Reserved. Unlimited transactions, live support, and no monthly fees, Get 1.0% interest on your balance up to $100,0001, Join the 155K+ small businesses weâve helped secure funding, Loved this story? Outgoing wires are $15, which is significantly lower than the industry standard. Being innovative doesn’t require you to be mainstream. All the benefits of online banking, with the service you expect from your local branch. That said, the BlueVine business checking account is also FDIC-insured to at least $250,000. No monthly or maintenance fees. Yes, you can deposit both cash and checks with your BlueVine Business Bank 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. BlueVine is an Internet only bank and does not have branch locations. No interest earned on balances over $100,000. BlueVine Business Checking offers no monthly, incoming 2 wire, ATM , or NSF fees, dedicated live support, and 1.0% interest (20x the national average 4) earned on checking balances up to $100,000. Yes, BlueVine Business Checking accounts are offered through Bancorp Bank, member FDIC. Youâll receive more information about BlueVine Business Checking, as well as updates as our team works on making the product ready for you. Card Replacement Fees and Wire Transfer Fees may apply. For a list/map of ATMs, please visit MoneyPass’ network’s ATM locator. There's nothing you have to opt into or sign up for like there is with cash back credit cards. BlueVine offers the BlueVine Business Checking Account. 1 Additionally, we offer a simple, easy-to-use dashboard and mobile app to deposit checks, view your balance, and other everyday banking activities. Azlo, a small business bank with fee-free checking account options, is closing its doors in early 2021. For information about BlueVine products and services, please visit the BlueVine FAQ page. The fact that BlueVine pays 1.00% interest on balances up to $100,000 is highly enticing. Comparison for highest yield is based on a list of top business bank checking accounts provided by. The cost to receive an incoming wire is free. You can easily make payments to vendors or external accounts through ACH or domestic wire transfers. MoneyPass locations nationwide with the BlueVine Business Debit Mastercard. Feels like a traditional business checking account with free checks. Youâll get to enjoy a 1.00% high-yield business checking account with zero monthly fees and a BlueVine Business Debit Mastercard, Get one of the nationâs highest yield business checking accounts, Enjoy an unlimited number of transactions with zero monthly fees, no maintenance fees, no ACH payment fees, no incoming wire fees, no minimum deposit fees, no balance fees, no in-network ATM fees with MoneyPass. About BlueVine. With BlueVine Business Checking, you can pay bills online, instantly lock your debit card from your phone and schedule one-time or recurring payments. After setup, I immediately encountered a transfer issue. There are a few ways that you can send and receive money. Though they offer only one type of bank account — BlueVine Business Checking — it pays high interest on account balances, making it a checking account and high-yield savings account in one. BlueVine was created in 2013 to help small businesses with capital needs. Bluevine Business Checking Account: Consider opening a new Business Checking Account to receive an interest rate of 1.0% APY on your funds. BlueVine is primarily an online small business checking account … Youâll get to enjoy a 1.00% high-yield business checking account with zero monthly fees and a BlueVine Business Debit Mastercard®. Banking Services provided by The Bancorp Bank. BlueVine Checking Account Rates. Finding a business checking account that pays interest isn’t necessarily easy. © 2021 BlueVine Inc. All Rights Reserved. With a sign-up process that takes just 60 seconds,5 opening an account couldn’t be easier. (It used to earn interest only on balances over $1,000.) Their site didn't provide a pulldown option for me to transfer money from my external, verified checking account into Bluevine. Links to external websites are not managed by BlueVine or The Bancorp Bank. APY MIN MAX ACCOUNT NAME VIEW DETAILS; 1.00%-$100k: BlueVine Business Checking: Locations. Yes, you can withdraw cash for free using the BlueVine Business Debit MasterCard® from any of our 38,000 in-network ATM branches through our partnership with the MoneyPass® network. It also earns an impressive APY that’s 10 times the national average on balances of at least $1,000. BlueVine accounts now earn interest on all balances up to $100,000. Earn 1.0% on your balance up to $100,0001, Features and support designed to streamline your banking. Your account comes with two free checkbooks and these unique perks: BlueVine Business Checking is a branchless free business checking account with an excellent yield for account holders and no transaction limits, in-network ATM fees, or NSF fees. In fact, the only fees you’ll encounter are if you need to expedite delivery of a debit card, if you deposit cash at a GreenDot retail location ($4.95), or … Currently, you’ll need to sign up for the waiting list to get invited to apply for the BlueVine Business Banking account. That means that more business owners can start earning interest right away. Check out our favorite business checking accounts for small businesses. This includes zero monthly, non-sufficient funds (NSF), or even incoming wire fees. Neither BlueVine nor its partners are responsible for the accuracy of any content provided by author(s) or contributor(s). This money will show up in your account automatically. Yes, it was verified. “Our goal always was to be that small business banking platform,” Man said. Mastercard is a registered. In the past six years, BlueVine has provided more than $2.5 billion in fast funding to small businesses – filling the gap that traditional banks have left. If you’re a new customer, your card will be sent to the address you selected once your account is open. That’s why we’ve built checking based on your needs. BlueVine offers one of the nation’s highest yield business checking accounts3 getting you 1.0% interest on your balance up to $100,000.1. BlueVine has made its business checking account widely available after a low-profile start. All business owners are invited to apply for a bank account. Here’s a full breakdown of what features you can expect with the BlueVine Business Checking Account: 1.00% High-Yield Interest: Get one of the nation’s highest yield business checking accounts1 with 1.00% back on balances over $1000. This account is free of monthly fees, automated clearing house (ACH) charges, and incoming wire fees. But setting up one-time and recurring payments is a snap with BlueVine too. Since the checking account launched in beta last year, BlueVine — led by Eyal Lifshitz — has acquired more … BlueVine® is a registered trademark of BlueVine Inc. Your deposits are FDIC insured up to at least $250,000 through The Bancorp Bank; Member FDIC. A checking account designed for the needs of small businesses. We’re for transparent, fair banking for small businesses. With a BlueVine business checking account, you have the option to add an external or transfer account to process transfers directly from your BlueVine dashboard.