Bluevine is an online business checking account with a high annual percentage yield (APY) and a lot of useful features. Bluevine Business Banking Review
People often think of business checking as having fees. That’s mostly accurate. Banks prefer to charge small business owners fees from all sides.
Finding a bank that offers free business checking or, at the very least, very low costs can be hard. But you don’t have to travel far to get a business checking account that doesn’t cost a lot of money. Bluevine Business Checking is one of them.
Bluevine doesn’t charge as many fees as other banks do. Do you own a small business and only have a limited amount of money in your bank account? Bluevine doesn’t have any minimums or monthly account fees, so that’s not a concern. This article talks about everything that Bluevine Business Checking has to offer. Bluevine Business Banking Review
Who Is Bluevine?
Bluevine Capital Inc. was founded in 2013 and is based in Redwood City, CA. Its CEO is Eyal Lifshitz. Bluevine has an A+ rating from the Better Business Bureau® and a 5 out of 5 star rating from Trustpilot. So far, they’ve helped small businesses secure over $9 billion in financing. They’ve raised $767.5 million across 15 funding rounds. Bluevine Business Banking Review
“Our platform was designed specifically for business owners who are looking to take their business growth to the next level but need flexible working capital support to get there,” Lifshitz said to CrowdFundInsider. “By making working capital financing fast, easy and flexible for business owners, we’re delivering on our mission – to expand access to capital for small business owners.”
Who Is Bluevine?
Bluevine Capital Inc. was founded in 2013 and is based in Redwood City, CA. Its CEO is Eyal Lifshitz. Bluevine has an A+ rating from the Better Business Bureau® and a 5 out of 5 star rating from Trustpilot. So far, they’ve helped small businesses secure over $9 billion in financing. They’ve raised $767.5 million across 15 funding rounds.
“Our platform was designed specifically for business owners who are looking to take their business growth to the next level but need flexible working capital support to get there,” Lifshitz said to CrowdFundInsider. “By making working capital financing fast, easy and flexible for business owners, we’re delivering on our mission – to expand access to capital for small business owners.”
What Do They Offer?
Bluevine provides business checking with no hidden fees and no minimums to open an account. Check out our favorite business checking accounts for small businesses. Bluevine Business Banking Review
Interest-Bearing Checking Without The Fees
With Bluevine, you’ll earn up to 3.00% APY on balances up to $3,000,000. You’ll also have unlimited transactions.
The 3.00% APY is for Premier customers, , Plus customers receive 1.75% APY on balances up to $250,000, and Bluevine Standard tier customers receive 1.30% APY on balances up to $250,000.
Sub-Accounts
Do you like to use the Profit First business banking system? If so, you can use sub-accounts with Bluevine. You can add up to two subaccounts to your Bluevine Business Checking account, giving you flexibility and control over how you manage your business.
Multiple Ways To Pay Vendors
Included with your account are a debit card and bill pay. You can pay vendors as a one-off transaction or set up recurring payments.
You don’t have to worry about running out of checks with Bluevine because you’ll get two checkbooks. Support for credit card payments is also currently in beta. Bluevine Business Banking Review
ATMs
Bluevine has you covered with ATMs. By staying in-network, you won’t be charged any fees and will have access to over 38,000 ATMs via the MoneyPass® network.
If you decide to use an out-of-network ATM, you may be charged a fee by the ATM owner. Your Debit/ATM card is part of the Mastercard network. If your card is stolen, you can use the mobile app to lock it immediately.
Cash And Check Deposits
Check deposits can be made through the BlueVine mobile app. If you need to deposit cash, you can use a Green Dot retail location but a $4.95 service fee will apply. Bluevine Business Banking Review
Business Loans
Bluevine offers a business Line of Credit.
Bluevine’s Line of Credit, meanwhile, has a maximum credit limit of $250,000. Rates start at 4.8% and approvals can be as fast as 5 minutes.
Are There Any Fees?
While you’ll have to make an effort to incur fees with Bluevine, they do have three that you’ll want to be aware of:
- Expedited debit card replacements: Undisclosed fee
- Cash deposit fees at Green Dot® retail locations: $4.95
- Wires: $15
How Do I Open An Account?
You can visit the Bluevine website to open an account. Bluevine boasts that their streamlined account sign-up process won’t take you longer than 60 seconds. Bluevine Business Banking Review
How Does Bluevine Compare?
Bluevine is definitely not the only business checking account around. However, they’ve made it onto our best business checking account list because of their low fees and ability to earn interest. Bluevine Business Banking Review
Bluevine Promotions
Right now, you can earn a $500 sign-up bonus for a new business checking account.
To earn the $500 bonus, customers must apply for a Bluevine Business Checking account anytime between now and 3/31/2026 using the referral code CA500. After opening the account, customers must add funds within 30 days, then meet at least one of the following eligibility requirements every 30 days for the next 90 days from account funding:
- Deposit at least $5,000 from eligible merchant services to your Bluevine account
- Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers
- Spend at least $2,000 with your Bluevine Business Debit Mastercard and/or Bluevine Business Cashback Mastercard Bluevine Business Banking Review
Is My Money Safe?
Yes, funds deposited with Bluevine are FDIC-insured to at least $250,000 through Coastal Community Bank. Bluevine Business Banking Review
How Do I Contact Bluevine?
Just because Bluevine doesn’t have branches doesn’t mean they don’t provide good customer service. You can reach them by email or phone at 888-216-9619. Their hours are Monday through Friday, 8am to 8pm (ET) and Saturday, 12pm to 4pm (ET).
Bluevine’s Truspilot rating is 4.3/5 (Excellent) out of more than 7,800 customer reviews. It’s also an accredited business with the Better Business Bureau (BBB) and has an A+ BBB rating.
Is It Worth It?
Yes, Bluevine comes with all of the features you’d expect from a business checking account while refusing to charge many of the common fees that other banks do.
Avoiding fees with any kind of banking service is just smart business. But if you’re looking for a bank that offers physical branches and in-person customer service, you may want to look into other low-cost business checking account options. Bluevine Business Banking Review
Bluevine FAQs
Here are a few of the questions that people ask most often about BlueVine:
Does Bluevine allow you pay to vendors with a credit card?
Yes, Bluevine customers can pay over 40,000 registered payees with a credit card to maximize their rewards. Note that this feature is still in beta.
Is Bluevine a good banking option for international business owners?
No, Bluevine is only available in the U.S. and territories (Puerto Rico, Guam, US Virgin Islands, American Samoa) and can’t accept international wire transfers. Bluevine Business Banking Review
Does Bluevine give bonuses to new customers?
Yes, Bluevine is currently offering a $500 sign-up bonus.