We provide the service, control and convenience you need to move money and make payments.
Choose a checking account that meets the needs of your business. Whether you're just starting out or processing thousands of transactions, we make opening a business checking account online simple, secure, and fast.
Ideal for core, day-to-day business banking needs with a simple digital experience that works for teams of any size.
Built for businesses that need more robust money-movement tools and additional account controls.
Designed for companies with significant daily balances and more sophisticated cash management workflows.
Are you an existing Business Savings customer?
Please start your account opening here.
| Business Essential | Business Plus | Business Plus Analysis | |
|---|---|---|---|
| Features | |||
| External Transfers | |||
| Mobile Deposit | |||
| Bill Pay | |||
| QuickBooks Integration | |||
| Permissions and Access Controls | |||
| Alert Preferences | |||
| Combined Account Analysis | -- | -- | |
| Earnings Credit | -- | -- | |
| Add-On Features (available for additional fees) | |||
| Multi-Company View | |||
| ACH Positive Pay (Credit and Debit) | |||
| Check Positive Pay | |||
| Insured Cash Sweep (ICS) | |||
| ACH Collections and EFTPS | -- | ||
| ACH Payments and EFTPS | -- | ||
| Online Wire Originations | -- | ||
| Remote Deposit Capture (RDC) | -- | ||
| Sweeps | -- | ||
| Payroll Drawdown | -- | ||
| Fee and Payment Structure* | |||
| Minimum Deposit to Open | $100 | $100 | $100 |
| Monthly |
Business Essential $10/month; Monthly fee waived with $1,000 average daily balanceOpen Account |
Business Plus $25/month; Monthly fee waived with $25,000 average daily balanceOpen Account |
Business Plus Analysis $100/month; Contact us to learn how your balance can offset monthly feesContact Us |
| Open Account | Open Account | Contact Us | |
Still not sure? Contact a specialist at (866)518-0286, Monday through Friday, 8:00 a.m.–11:00 p.m. ET.
*Other fees and charges may apply. Please refer to the Business Schedule of Fees / Schedule of Limitations associated with your account type.
Eliminate the administrative burden of managing multiple bank relationships just to stay within FDIC limits. With an Insured Cash Sweep account*, you can consolidate your funds at Live Oak Bank and receive extended coverage at no extra cost. It’s a seamless way to minimize risk and simplify your financial management through one easy-to-use login.
Expand FDIC insurance coverage while earning a competitive rate.
Receive extended FDIC coverage at no additional cost.
Access additional coverage without opening accounts at multiple banks.
At Live Oak, we believe digital banking should never come at the expense of your peace of mind. Our infrastructure combines advanced technology with the personalized oversight of our dedicated, U.S.-based team. From multi-party payment approvals to real-time monitoring, we provide the industrial-grade protection your business deserves, backed by real people you can actually talk to.
Set customizable controls requiring multiple parties to approve outgoing payments.
This added layer of security protects you and your transactions.
With Mastercard® Zero Liability Policy,4 you won’t be held responsible for unauthorized debit card transactions.
Have a few details ready about yourself and your business to help streamline the process when you apply for a business checking account online. You’ll need:
At Live Oak, we’re more than just a bank – we’re partners in our customers’ success stories. That’s why we’re thrilled to showcase the real people and businesses we’re proud to support.
We’ve empowered 60,000+ small business owners and are so proud to spotlight their incredible journeys and inspire others.
Live Oak provides built-in security features to help safeguard your business, including two-factor authentication, customizable approval controls, real-time fraud monitoring, and Mastercard® Zero Liability5 protection for unauthorized debit card transactions. You can also set alerts and permissions to keep activity transparent and secure.
You’ll need your basic personal information, a government issued ID, your business name, EIN (or SSN for sole proprietors), and formation documents based on your business type.
Yes. Many business owners switch to access better digital tools, enhanced security, or specialized support. For step-by-step guidance, visit our resource on how to switch business checking accounts.
To replace your debit card, complete the following steps:
We have partnered with the AllPoint network to provide you the freedom to get cash where you want, when you want, where you are. With over 55,000 ATMs in the Allpoint Network, it’s never been more convenient to find a free ATM near you.
The Allpoint ATM finder makes it easy to find a free ATM nearby. Click the following link to search any location: https://www.allpointnetwork.com/locator.aspx
If you choose to use an out-of-network ATM3, Live Oak Bank won’t charge you a fee, but the ATM owner may.
