Bluevine stands out in business banking for one reason: it pays interest on your checking balance. Most business checking accounts pay nothing. Bluevine currently offers up to 2% APY on balances up to $250,000, which is a meaningful difference if your business keeps a cash cushion. But interest is not the only thing that matters in a business bank.
The Good
- Interest on checking - up to 2% APY on balances up to $250K, which can earn a business $400+/month
- No monthly fees and no minimum balance requirement
- Unlimited transactions - no cap on check deposits, ACH, or card transactions
- Free standard ACH transfers and incoming wires
- Built-in invoicing and payment acceptance tools
The Drawbacks
- No cash deposits - Bluevine is online-only with no ATM deposit network for cash
- Outgoing domestic wires cost $15 each
- No international wire support currently
- Bill pay is limited compared to some competitors
- Interest rate requires meeting minimum qualifying activities each statement period
Who Bluevine Is Best For
Bluevine works best for service businesses, freelancers, and digital businesses that keep a meaningful cash balance and do not need to deposit physical cash. If your business maintains $50K+ in its checking account, the interest alone justifies choosing Bluevine over most competitors. If your balance is usually under $10K, the interest is negligible and you might prefer Mercury or Relay for their other features.
The Bottom Line
Bluevine is a strong choice if interest on your operating cash matters to you. For businesses that keep low balances or need cash deposit capabilities, other options like Relay or a traditional bank may serve you better. The account is free to open and maintain, so there is little risk in trying it.
See how Bluevine compares in our business banking rankings →