nbkc Business Account
- Best for: Small businesses and nonprofits that deposit cash and want free checking
- What Sets It Apart: Unlimited cash deposits with no nbkc fee, at its branches or deposit-enabled MoneyPass and Allpoint ATMs
- APY: None on checking; nbkc’s separate Business Money Market pays 2.75% APY with no minimum balance
- Features: More than 90,000 in-network ATMs and up to $12 a month in other ATMs’ fees refunded; FDIC insured up to $250,000; free bill pay, mobile check deposit, and QuickBooks Online connection; Mastercard Easy Savings rebates on the debit card
- Monthly Fee: $0, with no minimum balance
- Minimum Deposit: $0
- Cost: No overdraft, returned-item, or stop-payment fees; ACH payments $15 a month; $5 per domestic wire sent, incoming free; $45 per international wire, in or out; Autobooks invoicing $10 a month after a 30-day free trial
- Eligibility: Businesses located in the U.S.; the applicant needs U.S. permanent residence or legal status and a Social Security number
- Pros: No limit or nbkc fee on cash deposits; staff support by phone, chat, email, or in person; automatic debit card rebates
- Cons: No interest on checking; up to five business days for cash deposited at partner ATMs; paid add-ons for ACH payments and invoicing
Open the nbkc Business Account if your business deposits cash and wants checking with no monthly fee or minimum balance. nbkc charges nothing for cash deposits at its branches or deposit-enabled partner ATMs and refunds up to $12 a month in other ATMs’ fees. The account pays no interest, but nbkc’s Business Money Market does.
nbkc bank is an FDIC-insured bank with four Kansas City-area branches, and businesses anywhere in the U.S., from sole proprietors to nonprofits, can open this account online. Money the business won’t need soon can earn 2.75% APY (annual percentage yield) in nbkc’s Business Money Market, which has no minimum balance.
Key Features
- $0 monthly fee, $0 minimum balance, and $0 to open
- Cash deposits at nbkc branches or at deposit-enabled MoneyPass and Allpoint ATMs
- More than 90,000 in-network ATMs worldwide, plus up to $12 a month refunded for other ATMs’ fees
- No overdraft, bounced-payment, or stop-payment fees
- Free bill pay, mobile check deposit, and incoming domestic wires; $5 per domestic wire sent
Pros
- No limit or nbkc fee on cash deposits
- Support from nbkc staff by phone, chat, email, or at a branch
- Automatic Mastercard Easy Savings rebates on debit card purchases at participating merchants
- Tap to Pay on iPhone for card payments, at 2.75% a payment with no added nbkc fee
Cons
- No interest on the checking balance
- Up to a five-business-day wait for cash deposited at MoneyPass or Allpoint ATMs
- $15 a month to send or collect payments by ACH, the bank network behind direct deposit
- $10 a month for Autobooks invoicing after a 30-day free trial
- Phone support only on weekdays, 7 a.m. to 6 p.m. Central, with chat also open Saturdays from 9 a.m. to 1 p.m.
A freelancer or small business that deposits cash near a Kansas City branch or a deposit-enabled partner ATM pays nbkc nothing for those deposits or for the account itself. A business outside Kansas City that needs cash deposits available the next day is better off with a business checking account at a bank with branches nearby.
Learn more about the nbkc Business Account or see how it compares to the best small business checking accounts.
nbkc Business Account
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