Best Neobanks for Business in the US (2024)

Mike Renaldi

Ran entirely online, most neobanks are user-friendly, accessible, and innovative, all without the barriers and downsides typically associated with traditional providers.

These digital banks are redefining how businesses operate and thrive today. Let's go through them! As part of this article, we will also talk about Wise Business, a global business account, is helping small and large businesses operate internationally with ease.

Looking to hold funds, as well as send and receive payment globally?

Try Wise Business >>

Wise Trustpilot Score: Great (200,000+ reviews)¹⁷
No minimum balance requirement and no monthly fees
Integrates with QuickBooks, Xero, Sage, and more

Best Neobanks for Business in the US (includes non-banks)

Let's go through the top business accounts for your business.

Wise Business: Great for International Business

First and foremost, it's important to note that Wise Business isn't a bank, but a money service provider (MSB). Known for its simplicity and low fees, Wise is an excellent choice for international businesses who want an international account with clear and transparent exchange rates and global money transfer services.


  • International business account – Hold and convert over 40 currencies
  • Get local account details get account details in global currencies (USD, GBP, EUR, CAD, AUD, JPY, and more) so you never lose money through conversions.2
  • Mid-market currency exchange rate – Convert money into the currency of your choice at the mid-market exchange rate with no markups.
  • Accounting Integration – Sync your Wise Business account with popular accounting software like QuickBooks and Xero.
  • Pay by Link: – Generate a payment link that gets you paid easily
  • Interest Feature: – If you’d like to earn 4.85% annual percentage yield (APY)¹ on your USD balance while you expand your business, you can opt-in to our interest feature for Wise Business.


Wise operates on a transparent account with no monthly or recurring fees. Fees for converting money start from 0.43%, and you register for free to send money. In addition, account details in global currencies cost a one-time fee of 31 USD. 4



Relay keeps things simple, so you can uncomplicate your business finances and manage it seamlessly, all on one platform. The platform combines a Business checking account, Business savings account, and Accounts payable feature with tools such as multiple checking accounts to keep your money organized, virtual and physical Visa debit cards, direct integrations with accounting software, and 1% to 3% APY on savings balances.1


Relay has two plans – the free Relay plan for $0/month that comes with all of Relay’s core banking features, and Relay Pro for $30/month that comes with extras like faster ACH delivery, free domestic and international wires, and the accounts payable features.2 To convert wire payments into a recipient’s local currency, there’s an exchange rate fee of up to 1%.3

Lili Bank

Lili combines business banking, accounting, invoicing, and tax preparation on their all-in-one platform. With a modular dashboard format, business owners can check out how their business is doing at a glance. There’s a chance to earn 4.15% APY on savings balances up to $100,000, open multiple business accounts under one login, and receive a Visa business debit card with cashback.4 With Lili AI, you can enjoy smart bookkeeping and automatically contribute to your tax bucket every time you get paid.


Lili has four tiered plans: Lili Basic ($0/month), Lili Pro ($15/month), Lili Smart ($35/month), and Lili Premium ($55/month).5


Payoneer offers an account for business owners to pay and get paid across borders, whether they’re freelancers, small business owners, or run an ecommerce store. At the core of their offerings is their multi-currency account, where you can hold and manage 9 currencies and transact like a local.6 You can also get paid out in 190 countries in 70 currencies.7 Payoneer is especially convenient for marketplace sellers, being compatible with 2000+ marketplaces, platforms, and networks.8


Getting paid by and paying other Payoneer customers is free. Getting paid directly by clients with a credit card, no matter what currency, incurs a 3% fee, while US ACH bank debits have a 1% fee. For payments in USD, EUR, and GBP to recipients in the same currency, there is a 1.50 fee in that currency.9 There’s also a currency conversion charge of 3.5%.10

Wise Business - Interest Feature

Introducing the Wise Interest Feature:
    If you’d like to earn 4.85% annual percentage yield (APY)20 on your USD balance while you expand your business, you can opt-in to our interest feature for Wise Business. When you opt-in to earn interest in your USD balance account, you get the security of up to $250,000 in passthrough FDIC insurance on your USD balance from our Program Bank21 (subject to change, certain limitations apply, see Program Agreement to learn more)
    Your USD balance will be held with our Program Bank where Wise earns interest. We use a small portion of the interest we earn on these funds to cover our operating expenses and we pass the rest along to you.
    The rate we can offer is dependent upon our Program Bank, and we’ll always let you know if there are any rate changes. See our website for more details.



PayPal carries a range of online financial services but is best known for its online global payment solutions. They operate in over 200 countries and regions and support 25 currencies.12 The platform allows for business transactions to occur on a global scale, letting business owners accept a wide range of payment methods through invoicing and online checkout – debit and credit cards, digital wallets, installment payments, and more.


PayPal charges fees based on the method of payment and the currency, and usually consists of a percentage fee plus a fixed fee. Fees for commercial transaction rates range from 2.29% - 3.49% + a fixed fee depending on the currency. There’s also an extra 1.5% fee for international commercial transactions, and currency conversion rates come with a markup of 3% - 4%.13


Revolut is one of the best digital business bank accounts if you’re looking for a platform that can scale with your business. They support 100+ countries for payments and allow you to manage and hold 25+ currencies.14 If you need to accept payments, you can choose from a QR code, payment link, payment gateway, or traditional cards, depending on your preferences. There are also other tools like analytics, business debit cards, and a savings account with up to 3% AER.15


Revolut has four tiered pricing plans that include more features and more allowances the higher up you go. There’s the Basic ($0/month), Grow (from $30/month), Scale (from $119/month), and Enterprise (Custom). While they use the interbank rate, there are limits to how much you can exchange at that rate, depending on your plan. Outside of allowances, there’s a 0.6% or 1% markup, depending on whether you’re in or outside of market hours.16



Grasshopper is a designated neo business bank made to accommodate the needs of modern businesses. Their suite of features includes checking accounts, tools to optimize cash flow, lending solutions, bookkeeping integrations, an invoice creator, check deposit, and a free VISA debit, helping startups and small businesses enjoy the features of traditional banking in a modernized way.


Depending on the scale and complexity of your business, there are three checking accounts to choose from: Innovator Business Checking, CRE Business Checking, Accelerator Checking, and Forward Checking. Sending domestic wires is $10 each, receiving international wires is $5 each, and sending international wires is $25 each. There are also extra miscellaneous fees for things like cards and more.17


NorthOne is known for the “Connected Bank Account” – a neo business bank account that integrates cash flow, payments, and budgeting onto one platform. Other than classic neobank features like automated bill payments and managing your accounting and bookkeeping – NorthOne’s Revenue Dashboard lets you track your sales across ecommerce sites, marketplaces, payment platforms, and more, which is useful if you manage a multitude of them.


NorthOne has two plans: NorthOne Standard ($0/month) and NorthOne Plus ($20/month). Their Plus plan offers lower transaction fees, dedicated managers, and priority support, along with fee digital bill payments and same-day ACH payments. For Standard members, it costs $20 to send and receive domestic wires, and there’s a 1.5% charge for same-day ACH payments.18


Found is a sleek online banking platform made for small businesses and the self-employed. If you value budgeting and cash flow organization, simplified no-stress taxes, and easy-to-use financial tools, this neobank could be a suitable option for you. With their contractor management feature, Found also makes it easy to hire 1099 contractors, pay them, and manage them all for free.


Found has their base plan that can get you started for free, or you can opt for the Found Plus plan ($19.99/month or $149.99/annually) that gives you 1.5% APY on balances up to $20K, advanced bookkeeping features, quarterly federal tax payments, and priority customer support.19


Learn More:

Best Multi-Currency Business Bank Account


1 - Relay - Savings Accounts
2 - Relay - Pricing
3 - Relay - FAQs
4 - Lili Bank - Business Banking
5 - Lili Bank - Plans
6 - Payoner - Multi-currency Account
7 - Payoneer Business
8 - Payoneer - Receive Marketplace Payouts
9 - Payoneer - Pricing
10 - Payoneer - Cross-Border Fee
11 - SoFi Banking Fees
12 - PayPal - Countries
13 - Revolut Business
14 - Revolut Business
15 - Revolut - Business Savings
16 - Revolut - Business Account Plans
17 - Grasshopper Legal
18 - NorthOne Pricing
19 - Found Plans
20 - 4.85% Annual Percentage Yield (APY) on USD balances is current as of 01/01/2024 and is subject to change see Program Agreement for details
21 - Feature not available to residents of New York or Alaska at this time. Please see eligibility criteria.
22 - The current Program Bank is JPMorgan Chase Bank, N.A., see Appendix 1 of the Program Agreement for the most updated list of Program Bank(s). Eligible customers must opt in to the interest feature. Participants will have the balance of their USD funds held in their Wise Account "swept" into a Federal Deposit Insurance Corporation ("FDIC") insured interest-bearing account at one or more participating banks (each, a "Program Bank") that will hold and pay interest on the deposit funds. For more information on FDIC insurance coverage, please visit Customers are responsible for monitoring their total assets at each of the Program Bank(s) to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The Program is not intended to be a long-term investment option, checking or savings account, investment contract or security.
23 - Wise Trustpilot

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

Money without borders

Find out more

Tips, news and updates for your location