Best Business Checking Accounts in Utah of May 2021

Katie Stiner

A business checking account helps you keep your business and personal finances separate. The best business checking account is the one that is best suited for your business needs.

For example, if you are primarily an online business, an online account with a robust mobile and online system more likely be a better fit. If you have any cash transactions, then an account with no transaction limits and with a local branch would be ideal.

Apart from the services and features of the account, consider also the account fees and requirements. Most banks have monthly maintenance fees and transactional fees. Aim to find an account with no or low fees or accounts with the option of waiving the fees if you meet certain requirements.

Look out for introductory offers and bonuses, together with other business tools and resources offered in the account. Some banks offer invoicing tools and many integrations to connect with other tools you already use.

Shop around and compare some of the best business checking accounts in Utah to find the best match for you today.

Bank Novo Business Checking Account

bank novo logo

$0

Monthly Fee

$50

Min. To Open

N/A

Est. APY

Overview

Novo offers a free business checking account. It has no monthly maintenance fees or other recurring fees. The only fees charged are insufficient funds when sending checks or when a check is returned for insufficient funds. Incoming wires, domestic ACH transfers, ATMs, and paper statements are all free.

Novo allows easy integration with third-party accounting software, including Quickbooks and Xero. You can also link your Novo debit card to your Google Pay or Apple Pay Wallet. Novo also syncs with your Stripe processing account and easily integrates with Slack to get automated updates on your bank account.

If you are looking for a business checking account that is easy to use and with almost no fees, you might want to consider Novo. The bank account is also accessible in the app store for both iOS and Android devices.

What we like

  • Free ACH transfers, mailed checks, and incoming wires
  • Minimal fees and ATM reimbursements
  • Backed by FDIC insured
  • Integration with other apps
  • Doesn’t check your credit score

What we don't

  • No APY earned on your balance
  • No cash deposit
  • No outgoing wires or checkbooks

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$50
  • Min. Deposit For No Fee$0
  • Other Ways For No FeeN/A
  • Paper Statement FeeFree
  • Overdraft Fee$0
  • Negative Balance Fee$27
  • RewardsDiscounts on business tools
  • State RestrictionsNone

ATM & Debit Card

  • In-Network Domestic ATM Fee$0
  • Out-Network Domestic ATM Fee$0
  • ATM Owner Surcharge RebateOffered
  • Foregin ATM Fee1%
  • Debit Card Foregin FeeForeign fee from networks
  • Debit CardMastercard