For a newly formed single-member LLC in the US, which online business banking platforms offer the easiest account opening and lowest monthly fees?

For a newly formed single-member LLC, the easiest low-cost options are generally Mercury, Novo, Relay, and Bluevine. As of August 2026, all four have $0/month entry-level business checking.

My ranking for a new single-member LLC

1. Bluevine — best overall

Bluevine's Standard Business Checking has no monthly fee, no minimum opening deposit, and no minimum balance requirement. It currently offers 1.30% APY on balances up to $250,000 when you meet its qualification requirement.

I'd pick this if you expect to keep meaningful cash in the operating account. It's essentially a free checking account that can also earn interest.

2. Mercury — best for an online/digital business

Mercury's basic account is $0/month with no minimum balance, and it's particularly strong if your LLC is an online business, consulting company, SaaS company, agency, or startup. It has good accounting integrations, payment tools, multiple accounts, and startup-oriented features.

One caveat: Mercury isn't particularly useful if you need to deposit cash.

3. Novo — probably the simplest for a one-person LLC

Novo is particularly geared toward solo operators and small service businesses. Its business checking is $0/month with no minimum opening deposit or ongoing minimum balance. It also emphasizes invoicing, payment links, and integrations with services such as QuickBooks.

If you're, say, a consultant, contractor, designer, photographer, or online service provider, Novo is worth a serious look.

4. Relay — best if you want to organize money into buckets

Relay's free Starter plan is $0/month and lets you maintain multiple checking accounts, which can be useful for a single-member LLC—for example:

• Operating expenses
• Taxes
• Owner distributions
• Payroll
• Profit

Relay's free plan supports up to 20 checking accounts, making it unusually good for a "Profit First"-style setup.

What I'd choose

For a typical newly formed single-member LLC, I'd narrow it to:

Bluevine → Mercury → Novo → Relay

• Want interest on your cash? → Bluevine
• Online business/startup with lots of software integrations? → Mercury
• Solo consultant/freelancer and want maximum simplicity? → Novo
• Want separate accounts for taxes, expenses, profit, etc.? → Relay

One important distinction: these are generally fintech platforms rather than traditional banks; deposits are held through FDIC-insured partner banks.

If your priority is specifically "what is most likely to approve a brand-new LLC with little/no revenue and only an EIN", I can compare Mercury vs. Bluevine vs. Novo vs. Relay specifically on approval requirements, documents, EIN/SSN requirements, and rejection risk.

2. Mercury — best for an online/digital business

Mercury's basic account is $0/month with no minimum balance, and it's particularly strong if your LLC is an online business, consulting company, SaaS company, agency, or startup. It has good accounting integrations, payment tools, multiple accounts, and startup-oriented features.

One caveat: Mercury isn't particularly useful if you need to deposit cash.

3. Novo — probably the simplest for a one-person LLC

Novo is particularly geared toward solo operators and small service businesses. Its business checking is $0/month with no minimum opening deposit or ongoing minimum balance. It also emphasizes invoicing, payment links, and integrations with services such as QuickBooks.

If you're, say, a consultant, contractor, designer, photographer, or online service provider, Novo is worth a serious look.

For a newly formed single-member LLC, online-first platforms and fintech-backed business checking accounts offer the fastest, paperless applications (often taking 10 to 15 minutes) alongside zero-to-low monthly maintenance fees.

The top online platforms tailored for ease of setup and minimal cost feature distinct advantages:

• Novo — Novo Business Banking is a favorite for sole proprietors and single-member LLCs because it features a single, straightforward tier with $0 monthly maintenance fees and no minimum balance requirements . Setting up an account is entirely digital and quick, and it stands out for robust integrations with e-commerce and invoicing tools like Stripe, Shopify, QuickBooks, and Square.
• Bluevine — Bluevine Business Checking offers completely free business checking with no monthly fees, no minimum balance requirements, and unlimited transactions. It is well-regarded if you want an online account that also allows you to earn a competitive percentage yield (APY) on your operational cash balance as your business grows.
• Relay Financial — Relay Business Banking features a robust Starter plan with $0 monthly fees and no minimum balance requirements. It is exceptionally friendly for single-member LLCs looking to cleanly organize expenses, issue multiple virtual/physical debit cards to contractors or for software subscriptions, and secure expanded FDIC insurance coverage via partner banks.
• American Express Business Checking — Managed entirely online through American Express , this option has no monthly fees and no minimum balance requirements . It is exceptionally smooth to set up if you already have an AmEx business ecosystem footprint, and it even allows you to earn Membership Rewards points on debit card spending.
• NBKC Bank — NBKC Business Checking provides a traditional bank backing with a frictionless online application process. It features no monthly maintenance fees , low/transparent fee structures, and free incoming domestic wires, making it a great hybrid of traditional security and fintech ease.

Note on requirements: To open any of these online accounts smoothly for a single-member LLC, you will typically need your finalized Articles of Organization , your EIN (Employer Identification Number) from the IRS, a government-issued photo ID, and your business address/phone number.

To help narrow down the ideal choice, let me know:

• Do you anticipate needing to deposit physical cash , or will 100% of your revenue be digital/ACH/credit card?
• Are you looking to earn interest on your balance right away?

For a newly formed single-member LLC, I’d focus on platforms with $0 monthly maintenance fees, no minimum opening deposit, straightforward online verification, and good support for LLC formation documents/EINs.

Best options

My picks

1. Mercury — best overall for a new LLC

Mercury currently has no required monthly fee, no minimum balance, and no account-opening fee. Its standard checking/savings accounts include free ACH and USD domestic/international wires. Mercury says the application can take 10 minutes or less, and it specifically accepts U.S.-formed LLCs.

The catch: Mercury is a fintech rather than a bank itself; banking services are provided through partner banks.

2. Relay — best if you want "envelope" accounting

Relay's Starter plan is $0/month, has no minimum opening deposit, and is explicitly designed for solo owners and new businesses. You can create multiple checking accounts—for example, Operating, Taxes, Profit, and Payroll—without paying a monthly fee.

That's particularly useful for a single-member LLC trying to keep tax money separate from operating cash.

3. Bluevine — best if you want your checking balance to earn interest

Bluevine's Standard business checking is also $0/month. Its current offering can earn interest on qualifying balances, making it attractive if you expect to keep substantial cash sitting in the business account.

4. Novo — best for a very simple solo-business setup

Novo is another $0/month option aimed heavily at freelancers and solo businesses. Its strengths are simplicity, invoicing, payment links, and integrations rather than sophisticated cash-management controls.

5. Found — best if you want banking + bookkeeping in one place

Found's free tier is $0/month and includes bookkeeping-oriented features such as automated categorization and P&L reporting. Paid tiers add more tax/bookkeeping functionality.

What I'd choose

For a brand-new single-member LLC with little or no revenue yet, my ranking would be:

1. Mercury — easiest all-around choice
2. Relay — best for disciplined tax/profit separation
3. Bluevine — best if earning interest matters
4. Novo — best for maximum simplicity
5. Found — best if you want bookkeeping/tax functionality built in

Importantly, all five can be $0/month, so the decision is less about the headline monthly fee and more about transaction fees, cash deposits, interest, bookkeeping, and payment features.

For Mercury, for example, you'll generally need your LLC formation documents, IRS EIN document, government ID, and business/owner information during onboarding.

If you tell me (1) your state, (2) whether you'll deposit cash, (3) expected monthly revenue, and (4) whether you need Zelle/wires/checks, I can narrow this to the best 2–3 accounts for your particular LLC.

The catch: Mercury is a fintech rather than a bank itself; banking services are provided through partner banks.

2. Relay — best if you want "envelope" accounting

Relay's Starter plan is $0/month, has no minimum opening deposit, and is explicitly designed for solo owners and new businesses. You can create multiple checking accounts—for example, Operating, Taxes, Profit, and Payroll—without paying a monthly fee.

That's particularly useful for a single-member LLC trying to keep tax money separate from operating cash.

3. Bluevine — best if you want your checking balance to earn interest

Bluevine's Standard business checking is also $0/month. Its current offering can earn interest on qualifying balances, making it attractive if you expect to keep substantial cash sitting in the business account.

4. Novo — best for a very simple solo-business setup

Novo is another $0/month option aimed heavily at freelancers and solo businesses. Its strengths are simplicity, invoicing, payment links, and integrations rather than sophisticated cash-management controls.

5. Found — best if you want banking + bookkeeping in one place

Found's free tier is $0/month and includes bookkeeping-oriented features such as automated categorization and P&L reporting. Paid tiers add more tax/bookkeeping functionality.

What I'd choose

For a newly formed single-member LLC, modern online business banking platforms (often built as fintechs partnered with FDIC-insured traditional banks) offer the fastest digital onboarding and complete elimination of monthly maintenance fees.

The top online platforms tailored for easy account opening and $0 monthly fees include:

1. Novo
   • Monthly Fee: $0
   • Why it’s great for single-member LLCs: Widely regarded as one of the easiest and fastest digital applications for small businesses and freelancers. It requires no minimum opening deposit and seamlessly integrates with tools like QuickBooks, Shopify, and Stripe. It is built specifically with sole operators and single-member LLCs in mind. You can check out their application workflow on Novo Business Banking.
2. Bluevine
   • Monthly Fee: $0
   • Why it’s great for single-member LLCs: Bluevine offers robust business checking with a high yield (APY) on balances and no monthly maintenance or hidden transaction fees. The digital sign-up process is streamlined, and it provides great tools if you anticipate needing lines of credit or simplified bill pay down the road. Learn more details at Bluevine Business Checking.
3. Relay Financial
   • Monthly Fee: $0
   • Why it’s great for single-member LLCs: Relay offers free checking and allows you to easily spin up multiple virtual or physical debit cards and distinct sub-accounts (great for budgeting or setting aside tax percentages). Their online compliance and EIN/LLC verification process is fast and completely remote. Review their features via Relay Financial.
4. Found
   • Monthly Fee: $0 (with optional paid tiers for advanced features)
   • Why it’s great for single-member LLCs: Found combines business banking with built-in bookkeeping and tax-tracking tools, making it exceptionally friendly for single-member LLCs that don't yet have an accountant. It allows automatic tax savings allocations and custom sub-accounts ("Pockets"). Explore more on the Found Official Website.
5. American Express Business Checking
   • Monthly Fee: $0
   • Why it’s great for single-member LLCs: If you plan on using Amex business credit cards, their fully online checking account integrates nicely, charges no monthly fees, has no minimum balance requirements, and lets you earn Membership Rewards points on debit card spend. Check the details on American Express Business Checking.

Note on limitations: Most pure online platforms do not accept cash deposits. If your single-member LLC regularly handles physical cash, you may want to cross-shop a traditional hybrid option like Capital One Business Checking , which features low/waivable fees and physical branch access if needed.

To help narrow down the best fit, tell me:

• Will your LLC frequently handle physical cash deposits , or is it 100% digital/online?
• Do you need features like built-in invoicing, bookkeeping/tax-saving tools , or team debit cards?

For a newly formed single-member LLC, digital-first online banking platforms (fintechs partnering with FDIC-insured banks) offer the fastest, paperless application processes and transparent fee structures.

The top online business banking platforms feature $0 monthly maintenance fees and streamlined digital application workflows for single-member LLCs:

• Novo Business Checking
  • Monthly Fee: $0
  • Why it’s great: Built specifically for digital-first small businesses, freelancers, and solopreneurs. It features a fast, entirely online application where you only need your EIN, formation documents, and ID. It integrates smoothly with tools like Stripe, Shopify, and QuickBooks.
• Bluevine Business Checking
  • Monthly Fee: $0
  • Why it’s great: Known for combining zero monthly fees with high-yield interest potential on checking balances (subject to activity requirements). Opening an account is quick and fully digital, and it offers robust features like sub-accounts and integrated invoicing.
• Relay Financial
  • Monthly Fee: $0 (Starter tier)
  • Why it’s great: Excellent for organizing finances using an envelope or "Profit First" budgeting system, allowing you to open up to 20 separate checking accounts without extra fees. The digital onboarding for single-member LLCs takes only minutes.
• American Express Business Checking
  • Monthly Fee: $0
  • Why it’s great: A fully online business checking account backed by American Express National Bank. It has no monthly maintenance or minimum balance requirements and lets you earn Membership Rewards points on debit card spending. It is especially seamless if you already use Amex business credit cards.
• Grasshopper Bank
  • Monthly Fee: $0
  • Why it’s great: Their Innovator Business Checking account charges no monthly maintenance fees, requires no minimum balance, and offers cash back on debit card purchases alongside optional interest-earning bundles.

Note: Most purely online platforms do not support fee-free cash deposits. If your single-member LLC needs to handle physical cash regularly, you may want to look at hybrid or traditional options with free tiers like Capital One or U.S. Bank Silver Business Checking , which also feature online applications.

If you can share whether your LLC will handle physical cash deposits or operate 100% digitally , I can help you pick the exact platform that fits your workflow.

For a newly formed single-member LLC, I’d focus on platforms with $0 monthly fees, no/low opening deposit, straightforward online applications, and acceptance of newly formed LLCs.

Best options in 2026

Current comparisons show Bluevine, Mercury, Relay, Novo and several others offering free entry-level business checking with no required monthly maintenance fee.

🥇 My first choice: Bluevine

Bluevine Standard is particularly attractive for a new LLC: $0 monthly fee, no minimum balance, no required opening deposit, and unlimited transactions. It currently offers 1.30% APY on balances up to $250,000 when eligibility requirements are met.

For a newly established LLC that simply needs a checking account for invoices, ACH payments, debit-card spending and separating business finances, this is probably the best all-around choice.

🥈 Mercury — best for an online/startup-style business

Mercury has no required monthly fee, no minimum opening deposit, and unlimited transactions. It's particularly well suited to businesses that don't handle cash and want integrations with accounting and other software.

I'd lean toward Mercury if your LLC is an online business, consulting company, SaaS business, agency, or startup.

🥉 Relay — best for organizing money

Relay's free Starter plan has $0 monthly fees and unlimited transactions. Its big advantage is organizational: you can create multiple accounts and use them for things like operating expenses, taxes, payroll and profit.

That's especially useful for a single-member LLC where you want a clean separation between money earmarked for taxes and money available to spend.

What I'd choose

• Want the best overall free account: Bluevine
• Online business/startup and don't need cash deposits: Mercury
• Want multiple buckets for taxes/expenses: Relay
• Want the simplest possible solo-business account: Novo
• Want built-in bookkeeping/tax tools: Found

Found's free plan is particularly interesting for a single-member LLC because it combines banking with automated expense categorization, P&L reporting and tax-oriented tools.

One important caveat

"Easy account opening" doesn't necessarily mean instant approval. For a brand-new LLC, expect to provide things such as your EIN, LLC formation information, business address, ownership information and personal identification. A newly formed LLC can also receive additional verification if the business has little operating history.

If you tell me (1) what the LLC does, (2) whether you'll receive ACH/wires, (3) whether you need to deposit cash, and (4) approximate monthly transaction volume, I can narrow this to the best 2–3 accounts and compare their actual fees for your situation.

For a newly formed single-member LLC, digital-first financial platforms and online business banks provide the fastest onboarding (often taking less than 10–15 minutes entirely online) alongside zero monthly maintenance fees.

The top online platforms offering the easiest account opening and lowest monthly fees include:

• Novo Business Banking : Widely considered the best for simple, digital-first single-member LLCs. It features a completely free checking tier with no monthly maintenance fees, no minimum balance requirements, and a seamless mobile/online application process that requires your basic LLC paperwork and EIN. It also includes perks like built-in invoicing and partner credits (e.g., Stripe, QuickBooks). You can review their details on Novo Business Banking.
• Bluevine Business Checking : An exceptional choice if you want to earn a high yield on your operating cash. Bluevine charges a $0 monthly fee, has no minimum balance requirement, and offers unlimited transactions. Application is entirely online, though note that they do not accommodate fee-free cash deposits. Learn more at Bluevine Business Banking.
• Relay Business Checking : Great for solo founders who want robust expense tracking or "envelope-style" multi-account budgeting (similar to Profit First systems). Relay’s starter tier has $0 monthly fees, no minimums, and allows you to open multiple virtual checking accounts easily. Check it out via Relay Financial.
• American Express Business Checking : Ideal if you already use or want an ecosystem tied to Amex. It operates entirely online with $0 monthly maintenance fees, no minimum balance requirements, and automatically earns Membership Rewards points on debit card spending. Applications are fast for existing Amex business cardholders. More info is available at American Express Business Checking.
• Axos Bank (Basic Business Checking) : A fully chartered digital bank rather than a fintech intermediary. Axos offers an online-only account with $0 monthly maintenance fees, no minimum balance requirements, unlimited domestic ATM fee reimbursements, and free incoming wires. Explore options on Axos Bank Small Business.

To help narrow down the ideal platform for your single-member LLC, let me know:

• Will you need to handle physical cash deposits , or is everything digital?
• Do you need accounting software integrations (like QuickBooks or Stripe)?

For a newly formed single-member LLC, I’d focus on platforms that let you apply entirely online, have $0 monthly maintenance fees, and don’t require a large opening balance.

Best options right now

Bluevine is my overall pick for most new single-member LLCs. Its Standard plan has no monthly fee, no minimum opening deposit, and unlimited transactions. It also currently offers 1.3% APY on up to $250,000 when you meet its qualifying activity requirements. Bluevine says its online application can generally be completed in under five minutes with the required information ready.

Novo is arguably the easiest fit if you're literally a one-person LLC doing consulting, freelancing, professional services, e-commerce, etc. It has $0 monthly fees, $0 minimum balance, unlimited transactions, and Novo says single-member LLC applications can take about 10 minutes when your documents are ready. It also has useful Stripe, Shopify, Square, QuickBooks and Xero integrations.

Mercury is particularly attractive if the LLC is a startup, software company, agency, e-commerce operation, or otherwise completely digital. Its basic business banking has no required monthly maintenance fee, unlimited transactions, and strong tools for transfers, cards and financial management.

Relay Starter is also $0/month and is unusually good for organizing cash—for example, separate checking accounts for operating expenses, taxes, payroll and profit. Its Starter plan currently allows up to 20 checking accounts.

My ranking for your specific situation

If I were opening a brand-new single-member LLC today:

1. 🥇 Bluevine — best all-around choice
2. 🥈 Novo — simplest/cleanest for a solo owner
3. 🥉 Mercury — best if you're building a startup or expect substantial online transfers
4. Relay — best if you want very granular budgeting/cash separation

One important caveat: none of the four online-first choices is ideal for a cash-heavy business. Novo doesn't accept cash deposits, while Bluevine charges fees for cash deposits; if you routinely deposit cash, a traditional bank such as Chase becomes much more attractive.

What you'll generally need

For a newly formed single-member LLC, have these ready:

• EIN confirmation
• Articles/Certificate of Organization
• Government-issued photo ID
• LLC business address
• Basic information about the business and its owners
• Operating agreement, if applicable

A brand-new LLC with no revenue yet can generally apply; you don't necessarily need an established operating history.

Bottom line: If your priority is “get my new LLC a legitimate business checking account quickly, with no monthly fee and minimal hassle,” I'd start with Bluevine or Novo. If you tell me what the LLC actually does (consulting, rental property, e-commerce, holding company, etc.) and whether you'll receive ACH, Stripe/PayPal, checks, wires, or cash, I can narrow it to the best one.

For a newly formed U.S. single-member LLC, I’d focus on fintech/online business-checking platforms that have $0 monthly fees, no minimum balance, and a straightforward LLC onboarding process.

Best options

1. Mercury — my top pick for a typical single-member LLC

Mercury has $0 monthly fees, no minimum balance and no account-opening fee. It specifically supports LLCs, including solo entrepreneurs, and says applications can be completed in about 10 minutes.

You'll generally need your formation documents, EIN documentation, government ID, and a U.S. business address. One important catch: a registered-agent address, P.O. box or UPS box can't be used as the principal business address.

Why I'd choose it: Excellent for consultants, agencies, SaaS, e-commerce and other businesses that operate almost entirely electronically. ACH and USD wires are particularly attractive.

Downside: No cash deposits.

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2. Bluevine — best combination of free banking + interest

Bluevine's Standard plan has no monthly fee, no minimum balance, unlimited transactions and free standard ACH. It currently offers 1.3% APY if you meet its monthly activity requirement.

The activity requirement for the 1.3% APY is either $500/month in debit-card spending or $2,500/month in customer payments/deposits.

Why I'd choose it: Particularly attractive if you're going to keep a meaningful operating balance in the account.

Downside: Some wire/international transactions have fees, so it's not necessarily the cheapest choice for a heavily international business.

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3. Novo — simplest "just give me a business checking account"

Novo has no monthly fee, no minimum balance and no transaction limits, and says accounts can be opened in minutes.

It also integrates with services such as Stripe, Shopify, QuickBooks and Square, which is useful for a small online business.

Why I'd choose it: A very clean option if you're a one-person consulting, freelance, agency or online business and don't need sophisticated treasury features.

Downside: Novo doesn't accept cash deposits.

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4. Relay — best if you want to separate money into buckets

Relay's Starter plan is $0/month and is explicitly designed for "solopreneurs & startups." It includes up to 20 checking accounts, which is unusually useful for a single-member LLC.

For example, you could have:

• Operating
• Taxes
• Owner distributions
• Payroll
• Profit
• Expenses

without actually opening accounts at different banks.

Why I'd choose it: If you follow a Profit First-style cash-management system, Relay may be the best fit.

Downside: Its outgoing domestic wire fee on Starter is currently $8, so Mercury can be better if you're frequently wiring money.

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5. Found — particularly interesting for a single-member LLC

Found is worth a serious look because it's unusually tailored to one-person businesses. Its free plan includes business checking, expense categorization, invoicing, tax estimates and tax-related tools; it also supports Schedule C generation for single-member LLCs taxed as sole proprietorships.

Why I'd choose it: If you're more concerned with "banking + bookkeeping + taxes in one place" than sophisticated banking features.

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What about a traditional bank?

Chase Business Complete Banking is currently $15/month, or $0 when you satisfy its waiver requirements, including $2,000 in qualifying activity.

I'd choose Chase instead if you expect to need cash deposits, branches, cashier's checks, Zelle, or a long-term traditional banking relationship. Otherwise, for a brand-new one-person LLC, you're paying for capabilities you may not need.

My ranking for a brand-new single-member LLC

If you're a typical online/service business:

1. 🥇 Mercury — best overall
2. 🥈 Bluevine — best if earning interest matters
3. 🥉 Novo — simplest
4. Found — best banking + tax/bookkeeping combination
5. Relay — best for multiple buckets/accounts
6. Chase — best traditional-bank alternative

If your priority is literally "easiest + cheapest": I'd start with Mercury, Bluevine or Novo. All three currently have $0 monthly-fee entry-level banking, so the decision should be based more on features than price.

One important distinction: these are generally fintech platforms rather than banks themselves; the underlying banking services/deposit insurance come through partner FDIC-insured banks.

If you tell me (1) your LLC's state, (2) whether you're a U.S. citizen/resident, (3) expected monthly revenue, and (4) whether you'll receive/send international payments, I can narrow this to the 2 best choices and compare their onboarding requirements, ACH/wire fees, cash deposits, APY, and transaction limits.

For a newly formed single-member LLC, online business banking platforms (often fintechs partnering with FDIC-insured institutions) offer the fastest digital applications and $0 monthly maintenance fees.

The top online business banking platforms optimized for easy account opening and lowest (or zero) monthly fees include:

• Novo Business Checking — Widely considered one of the best for digital-first single-member LLCs. It features a completely streamlined online and mobile application (often taking under 10 minutes if you have your EIN and formation docs ready) with $0 monthly fees, $0 minimum balance requirements , and no hidden maintenance charges. It also integrates smoothly with tools like Stripe, Shopify, and QuickBooks. (Banking services provided by Middlesex Federal Savings, F.A.).
• Bluevine Business Checking — Excellent if you want a free account that also earns interest on your balance. Bluevine charges a $0 monthly fee and requires no minimum opening deposit or monthly balance to avoid fees. The digital application is fast, and the platform allows you to earn a competitive APY on your checking balance while providing built-in invoicing and sub-account tools. (Banking services provided by Coastal Community Bank, Member FDIC).
• Relay Business Checking — Best if you plan to use an envelope-style budgeting method (like Profit First ) to separate operating expenses, taxes, and profit. The Starter plan has a $0 monthly fee and no minimum balance , allowing you to open multiple virtual checking accounts under a single login. The online application is frictionless for single-member LLCs. (Banking services provided by Thread Bank, Member FDIC).
• American Express Business Checking — A fully digital business checking account backed by American Express National Bank. It carries $0 monthly maintenance fees and no minimum balance requirements . The application process is exceptionally smooth if you already have a personal or business relationship/card with Amex, and it lets you earn Membership Rewards points on debit card spending.
• Grasshopper Business Checking — An online-only digital bank providing a $0 monthly maintenance fee and no minimum balance requirements after a small $100 opening deposit. Grasshopper features a fast, 5-minute digital application and stands out for offering cash-back rewards on qualifying debit card purchases alongside high-tier FDIC insurance coverage.

Note on traditional hybrid options: If you decide you ever need occasional physical branch access or cash deposits, Capital One Business Basic Checking and U.S. Bank Silver/Essentials Business Checking offer online applications with $0 monthly fees (or easily waivable ones), bridging the gap between digital convenience and traditional banking.

To help narrow down the ideal choice, let me know:

• Do you expect to handle physical cash deposits regularly?
• Do you need integrations with specific software (like QuickBooks, Shopify, or Stripe)?