Many times it is seen that people get confused about having a Chime small business account and then the question arises ‘Does Chime offer business accounts?’
So here we put forward this blog to guide you to get your answer on ‘Does Chime Bank have business accounts?’ and if the answer is ‘No’ then ‘What are some of its alternatives.
Here we will state how some of the alternatives of Chime business accounts like NerdWallet, NBKC, and many more databases impact the consumer’s small business options on banking and to open the account on business checking online.
Does chime have business accounts:
The answer to your question on does chime bank offer business accounts is ‘No’. There is no Chime account for business available for the customers. Although Chime is a digital financial firm it does not offer business accounts. Rather it aims to work in savings and personal spending accounts.
But there are some online choices available that can offer you similar services and features.
It recommends maintaining both business checking and personal spending accounts to be distinct. So if you were curious about a Chime business bank account to get benefits such as low fees and good interest, then the below options will offer the small business account with the same features.
Alternatives of Chime business checking account:
The account which will work best for you will land to the unique business budgets and requirements. But to open a business checking account digitally, the below options might fit you quite well rather than the Chime.
1. NBKC Business Checking:
As Chime accounts do not charge any overdraft or monthly fees, the same goes for the NBKC as it offers no-cost business checking account without any minimum deposit including budget-conscious bonus such as free transactions which is unlimited and no charges for the insufficient funds. But it charges a fee of $45 which is quite high if required to receive or send international wires, so you can go for some other provider which will be a good choice for you if the business counts on this service. Even no interest is earned by the NBKC business checking account.
2. BlueVine Business Checking:
The other option is BlueVine Business Checking. If you choose an interest-bearing business account, you can go for BlueVine.
The BlueVine Business account holders earn 1.00% interest which has balances, not over $100,000.
It also maintains low costs on business checking with zero monthly fees or on non-sufficient funds. One can put in the bank cash over 90,000 places through a partnership with a third party agent i.e Green Dot. The only thing is that it charges a fee of $4.95 per deposit.
3. LendingClub Tailored Checking:
As an alternative to open a Chime business account, with broad access to ATM, as business holders you can choose LendingClub Tailored Checking.
Similar to Chime, the LendingClub Bank enables a network of MoneyPass ATMs that has over 37,000 ATMs which are fee-free worldwide. It collaborates with the SUM ATM system that brings you more choices.
The account holders of LendingClub Bank attain unlimited transactions and get access to the ATM without incurring any fees. It delivers the means to make deposits in cash.
LendingClub Tailored Checking charges a monthly fee of $10 but it can be given up if the balance in the account has $5000 or further. It requires a minimum deposit of $100 while opening the account.
4. Capital One Spark Business Basic Checking:
The Capital One Spark Business Checking incorporates elements that are common with the online operations only such as transactions unlimited etc.
It enables access to zero money ATM service and cash deposits.
Yet, you must know that it is available to eight states only and in Washington D.C.
To Sign Up here you are required to visit the branch. It requires a minimum deposit of $250 at the time of opening and a monthly fee of $15, it can be given up if you maintain the balance of $2,000 at least.