Best Business Checking Accounts in Virginia of July 2021

Katie Stiner

Whether you are starting a business or looking to switch bank accounts, there is a wide range of business checking accounts in Virginia. 

When choosing an account, consider the services the account will provide, such as mobile and online access, bill payments services, and wire transfers. Other banks offer business credit/debit cards, together with merchant services, so that you can accept credit and debit card payments.

Consider also the account fees, balance minimum, transactional limits, and monthly maintenance fees, which can be waived if you meet the requirements. Business accounts have even improved by seamlessly integrating with third-party softwares, such as accounting and budgeting software.

We reviewed some of the best business checking accounts in Virginia based on the features, fees, and benefits. Compare our top picks to find the right match for your business 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