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The
Bluevine Business Checking Account Review
If you're comfortable banking online, the
To earn
Bluevine also now offers a Premier Plan that allows you to earn
Bluevine Business Checking Account Pros and Cons
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About Bluevine
Bluevine is an online business banking platform with a checking account and line of credit. Your deposits are FDIC insured through Bluevine's partner bank, Coastal Community Bank.
Bluevine offers a Standard plan and a Premier Plan. The Standard Plan doesn't charge monthly service fees and allows you to earn
The Premier Plan pays
To contact customer support, call Monday through Friday from 8 a.m. to 8 p.m. ET.
The Bluevine app has 4.6 out of 5 stars in the Apple store, and 4.3 out of 5 stars in the Google Play store.
Is Bluevine Trustworthy?
Bluevine doesn't have any public controversies.
The Better Business Bureau gives Bluevine an A+ rating. A strong BBB grade signifies that a company advertises honestly, responds effectively to customer complaints, and is transparent about business practices.
A great BBB grade doesn't guarantee that you'll have a smooth relationship with a company, though. You may still want to read online customer reviews or ask friends and family about their experiences with Bluevine.
Compare the Bluevine Business Checking Account
Bluevine vs. Live Oak Bank Business Checking
Live Oak Bank is an online financial institution with business checking accounts, business savings accounts, and CDs. If you're looking for a competitive interest rate on a business bank account, Live Oak Bank may be more appealing. Its free business savings account pays
You may lean more toward Bluevine if you would like to deposit cash. Live Oak Bank does not accept cash deposits for accounts.
Bluevine vs. Axos Bank Business Checking
Bluevine only offers a checking account, but Axos Bank also has business savings, CDs, and a money market account. The
However, keep in mind that Bluevine checking account still pays a higher interest rate than Axos' savings options.
Bluevine FAQs
Is Bluevine a legitimate bank?
No, Bluevine is a fintech company. However, money in the Bluevine Business Checking Account is FDIC-insured through Coastal Community Bank and program banks for up to $3 million.
What are the disadvantages of Bluevine?
Bluevine is an online platform, so you won't have any access to physical branches. One downside to the Bluevine Business Checking Account is that you need to meet certain monthly requirements to earn interest. If you fail to meet the requirements, you won't earn interest for that month.
What is the minimum deposit for the Bluevine business checking account?
The Bluevine Business Checking Account has a
What bank is behind Bluevine?
Banking services are provided by Coastal Community Bank. Bluevine also has several program banks, including but not limited to Associated Bank National Association, Synovus Bank, and Truist Bank. Bluevine spreads your money across these program banks so it can protect up to $3 million in deposits.
What do I need to open a Bluevine Business Checking Account?
To open the Bluevine Business checking account, you'll need a driver's license, employer identification number (if you have a business that's a partnership or corporation) or Social Security number (if you're a sole proprietor), and basic business documentation (such as licenses, permits, and articles of organization).
How do I deposit cash into the Bluevine Business Checking Account?
You can deposit cash at Green Dot locations. Participating retailers include, but aren't limited to, CVS Pharmacy, Walgreens, and Walmart. When you visit a location, walk up to the cashier and ask them to load money onto your Bluevine debit card. However, keep in mind some retailers may charge a fee of up to $4.95.
Why You Should Trust Us: How We Reviewed the Bluevine Business Checking Account
We used a business checking account methodology for our Bluevine Business Checking Account review. We analyzed transaction limits, minimum opening deposit requirements, monthly fees, ATM network/fees, customer support availability, mobile app ratings, and the ethics of the company.