BlueVine Business Checking is an online checking account that offers a 1% interest on balances of at least $1,000. It allows unlimited transactions with no monthly fee or minimum balance requirements. This is best for business owners who prefer to bank online. BlueVine also provides access to more than 38,000 MoneyPass® ATMs nationwide.
BlueVine Business Checking Pros & Cons
No monthly fee
Online checking account
Free access to more than 38,000 MoneyPass® ATMs nationwide
You need to maintain at least $1,000 to earn the ongoing annual percentage yield (APY)
Cash deposits are allowed at one of its 90,000+ retail locations with its partner, Green Dot
Doesn’t offer accounting software integrations but will in the future
Who BlueVine Bank Business Checking Is Best For
- Owners who prefer to bank online: BlueVine Business Checking is an online checking account, making it a good option for business owners who prefer to do their banking transactions online and enjoy the flexibility of an online business account.
- Owners who can maintain a minimum balance of $1,000: BlueVine Business Checking is best for business owners who can maintain a minimum balance of $1,000 because that’s the threshold at which you’ll earn an ongoing APY of 1%.
BlueVine Bank Business Checking Fees
Minimum Opening Deposit
Minimum Balance Requirement to avoid the monthly fee
Wire Transfer Fee
$0 for incoming wires; $15 for outgoing wires
Cash Deposit Fee
No fee for MoneyPass® ATMs;
fees may be charged by out of network ATMs, even if you don’t complete the transaction
BlueVine Business Checking does not charge monthly maintenance fees, nonsufficient funds fees, or incoming wire transfer fees. The only fees associated with this account are fees for expedited debit card replacements, a cash deposit fee of $4.95 at Green Dot® retail locations, and an outgoing wire transfer fee of $15. You can access more than 38,000 MoneyPass® ATMs for free. However, fees may be charged by third-party ATMs.
BlueVine Bank Business Checking Features and Perks
No Hidden Fees
BlueVine Business Checking offers unlimited transactions, no monthly fees, no minimum balances or deposits, no automated clearing house (ACH) payment fees, no nonsufficient funds charges, and no ATM fees at more than 38,000 MoneyPass® ATM locations. The only fees BlueVine charges are cash deposit fees, outgoing wire transfer fees, and expedited debit card replacement fees. Third-party ATM fees may also apply.
BlueVine provides the flexibility of an online business checking account so that you can manage your business conveniently. The BlueVine mobile app offers easy access to your banking transactions. It allows you to make mobile check deposits, view your account balance, and transfer funds.
Dedicated Customer Support
With BlueVine Business Checking, you can get help from its resource center anytime, anywhere. Contact the customer support by email or call them at 888-216-9619.
BlueVine Business Checking account comes with a BlueVine Business Debit Mastercard, which you can use to withdraw cash at more than 38,000 ATM MoneyPass locations nationwide, free of charge.
FDIC Deposit Insurance
BlueVine Business Checking accounts are offered through Bancorp Bank, which is a member of Federal Deposit Insurance Corporation (FDIC). This means your deposits are covered with at least $250,000 FDIC insurance.
BlueVine Business Checking Alternatives 2020
First Internet Bank
Businesses that don’t handle daily cash transactions
Business owners who want an interest-bearing online-only account
Business owners who are looking for an online-only bank that offers free ATM use
Minimum Opening Deposit
Cash Deposit Fee
No ATM fee; Azlo gives access to 55,000 ATMs nationwide
None. Reimburses up to $10 per month in ATM fees
Novo refunds all ATM fees
Most Helpful BlueVine Reviews
Most BlueVine reviews available online consist of both positive and negative ratings. Customers who left positive reviews are happy because BlueVine provides a simple, quick, and easy-to-use platform. Clients who left negative reviews expressed disappointment because its customer service is slow to respond.
Fast and Seamless Application Process
A customer who left positive feedback on Trustpilot is happy because of BlueVine’s fast and seamless application process. The client is satisfied because her account was opened within two days after sending the required information. She also appreciates that most transactions have low to no fees, and the account has no minimum balance requirements.
Customer Service Response Is Slow
A client who left a negative review on Trustpilot is disappointed because he did not get a call back from BlueVine’s customer service even after leaving five messages. He had a concern regarding his account and made multiple calls and emails, but all were not responded to. When he finally reached a customer service staff, he was told he would get a call back within 24 hours. However, he did not receive any return call even after one week of waiting.
BlueVine Business Checking Frequently Asked Questions (FAQs)
How do I send and receive money into this account?
BlueVine allows you to send and receive money by linking third party bank accounts to make electronic transfers. You can also send and receive both ACH and domestic wire transfers. The only cost is for outgoing wires, which is $15.
How can I deposit cash or checks?
You can deposit checks anytime and anywhere through the BlueVine’s mobile app by taking a photo of your check. You can also deposit cash at more than 90,000 retail locations with BlueVine’s partnership with Green Dot for a fee of $4.95.
How long does it take for my checks to be deposited?
Once you deposit a check, the amount deposited will be available in your account within two business days, unless further approval is needed based on individual account risk profiles.
BlueVine Business Checking is an online checking account with no monthly fee, no minimum balance requirement, and no transaction limits. This is best for business owners who prefer an online checking account with cash deposit capabilities. This is also a good option for those who can maintain an average daily balance of at least $1,000 to earn interest.
If BlueVine Business Checking is not right for you, check the other online business checking accounts to see a list of our top choices. In this guide, we looked at a variety of online checking accounts based on its features, fees, terms, opportunities to earn an introductory offer, the size of the banks’ network, and the additional services they offer.