A lot of Americans are freelancers or have side jobs in addition to their regular 9-to-5. Whether they realize it or not, they’re essentially running small businesses. If you’re one of them and need a bank account to handle your freelance or side job finances, you should check out the options on this list.
Here are some of the best bank accounts for freelancers, side hustlers, and self-employed individuals:
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Lili Account: This is our top pick overall. It’s designed specifically for freelancers and self-employed individuals, offering tools for tax management, invoicing, and expense categorization. Plus, it’s great for managing personal finances too.
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Chase Business Complete Checking: This one offers a $300 bonus for new freelancers, side hustlers, or entrepreneurs who open an account and complete certain activities.
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Found: This account offers a comprehensive financial suite with no hidden fees, making it a great choice for growing businesses.
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Bluevine Business Checking: This account pays interest on checking balances and offers a range of other features, making it a strong choice for anyone looking to earn a little extra.
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NBKC Business Checking: This account offers up to $12 in monthly refunds against ATM fees charged worldwide, making it a great choice for freelancers needing steady cash flow.
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Novo: This account offers easy integrations with third-party productivity tools and exclusive perks for freelancers.
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LendingClub Bank Tailored Checking: This account offers 1% cash back on eligible purchases and interest on balances over $5,000.
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Small Business Bank Business High Yield Savings: This account offers impressive yields on all balances with no maximums or fees.
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NorthOne Business Banking: This account offers savings subaccounts, making it easy to manage money earmarked for specific purposes.
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Axos Bank Basic Business Checking: This account offers free first order of checks, a $400 new account bonus, and no monthly fee with a qualifying account balance.
Remember, the best bank account for you depends on your specific needs and circumstances. Consider factors like account fees, transaction limits, minimum balance requirements, account yield, and additional features and capabilities when making your decision.
