Best Business Checking Accounts in Vermont of October 2021

Katie Stiner

If you are searching for a business checking account in Vermont, there is a wide range of options available.

Most banks charge a monthly maintenance fee, transactional fees, and others. Assess each account’s fee structure and aim to find an account with no or low fees or with an option to waive the fees once you maintain certain requirements. 

Some banks have transactional limits such as the number of free deposits per given period, maximum amount per transaction, and other limits. The bank may apply a fee for any transaction above the limit.

The account’s extra perks and benefits are other factors to consider. Why pay more for a service if you can get it for free when you choose an account? Some banks offer business tools and resources for free, including budgeting and cash flow management software. Other banks allow for ease of integration of the account with third-party software that you may already have in use.

We reviewed some of the available options based on the features, fees and benefits. Use our top picks for the best business checking accounts in Vermont to compare and find the best match for your needs today.

Bank Novo Business Checking Account

bank novo logo


Monthly Fee


Min. To Open


Est. APY


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