Best Startup Business Bank Accounts
The best startup business bank account should be a strategic ally, helping the entrepreneurial journey. It should offer a complete set of capabilities, competitive pricing, and an easy user experience that is in sync with the changing nature of a company. A startup account should also provide entrepreneurs with the tools and services they need to negotiate the financial complexities of their firm.
Top 5 Banks for Startups
- Chase – Full-service bank for new businesses;
- Silicon Valley Bank – Best for venture-backed startups, now acquired;
- Bank of America – Continuous incentives, low cash deposit costs;
- Axos Bank – Full digital banking;
- Novo – Digital bank, faster payments.
Government Loans for Startups
Most bank programs require documentation for loans/lines of credit. Government loans like Mudra, MSME in 59 Minutes, Credit Guarantee Scheme, Stand Up India Scheme, and Coir Udyami Yojana can help startups access capital.
Best Banks for Startups
The best banks for startups include Mercury, Brex, First Republic, Wells Fargo, Silicon Valley Bank, and BlueVine. Lili is also praised as the best bank for startup freelancers and solopreneurs.
Business Bank Account Options
- Wise
- Revolut Business
- Metro Bank
- Tide
- Starling Bank
- Yorkshire Bank
- Cashplus Business
- Kinetic
- Anna
- Mettle
- Bank of Scotland
- Anna
HSBC Kinetic Current Account
Our top pick is the HSBC Kinetic Current Account. This is the best startup business bank account in our opinion, due to its introductory offer, low fee structure, and solid banking features. The introductory offer lasts for 18 months, providing free banking with no transaction fees and no monthly service fee.