How to Open a Business Bank Account Online in 2025: Complete Step-by-Step Guide
Opening a business bank account online has never been easier. In 2025, most banks and fintech providers allow you to complete the entire process digitally in minutes—no branch visits required. Whether you’re a sole proprietor, LLC, or startup, a dedicated business checking account keeps your finances separate, simplifies taxes, and builds business credit.
This guide covers everything: why you need one, required documents, step-by-step instructions, top online options, and tips for 2025.
Related read: How to Increase Your Capitec Credit Score Fast
Why Open a Business Bank Account Online?
Separating personal and business finances is crucial. Benefits include:
- Legal protection — Limits personal liability for sole proprietors and LLCs.
- Professionalism — Accept payments under your business name.
- Easier taxes — Track expenses and deductions simply.
- Business credit — Build a credit history for loans or cards.
- Online convenience — No fees for many digital accounts, high yields, and integrations with tools like QuickBooks.
In 2025, online business accounts often beat traditional ones with no monthly fees, interest on balances, and instant approvals.
Requirements to Open a Business Bank Account Online
Requirements vary by bank and business type (sole prop vs. LLC), but common ones include:
- Personal info → SSN or ITIN, DOB, address, government ID (driver’s license/passport).
- Business info → EIN (from IRS; sole props can use SSN), business name/address, formation documents (articles of organization for LLCs).
- Additional → Beneficial owners (25%+ stake), business license if required.
Many online banks approve sole proprietors with just SSN and ID.
How to Open a Business Bank Account Online: Step-by-Step
- Choose the right account — Compare fees, APY, integrations, and bonuses.
- Gather documents — Scan ID, EIN, formation papers.
- Visit the bank’s website/app — Select “Open Business Account.”
- Fill out the application — Enter personal/business details; upload docs.
- Verify identity — Selfie or video for some.
- Fund the account — Transfer or deposit (many have $0 minimum).
- Activate and set up — Get debit card, enable online banking.
Most approvals are instant or within days.
Best Online Business Bank Accounts in 2025
Top picks based on low fees, high APY, and features:
| Bank/Fintech | Best For | Key Features | Monthly Fee | APY | FDIC Insurance |
|---|---|---|---|---|---|
| Bluevine | Earning interest | Up to 3.7% APY, unlimited transactions, cash deposits | $0 | Up to 3.7% | Up to $3M |
| Mercury | Startups & tech | Up to $5M FDIC, Treasury, integrations | $0 | Varies | Up to $5M |
| American Express | High balances | 1.3% APY up to $500K, rewards points | $0 | 1.3% | Standard |
| Relay | Multiple sub-accounts | 20 accounts, automation | $0 | Up to 3% | Standard |
| Chase Business | Branches + online | Bonuses, wide access | Waivable | None | Standard |
Tips for Success in 2025
- Get your EIN free at IRS.gov.
- Check bonuses (e.g., $300–$1,000).
- Prioritize integrations with accounting software.
- Use digital banks for faster approvals.
Opening a business bank account online is quick and essential. Start today—many take under 10 minutes!
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FAQ
Can I open a business bank account online without an EIN?
Yes, sole proprietors often use SSN.
How long does approval take?
Minutes to a few days.
Are online business accounts safe?
Yes, FDIC-insured up to $250K (or more via sweeps).
Ready to open your business bank account online? Compare options and apply securely today. Updated December 2025.
