There’s a secret that savvy savers know: there are banks out there where you can open a business bank account online with no fees. Indeed, this is no myth. You don’t even need to put in a deposit. In the wide world of personal banking – particularly checking accounts – it’s a breath of fresh air. Forget about the days of rigid terms when you can opt for a fee-free overdraft bank account or a business bank account that won’t saddle you with outrageous charges.

Here are the top five banks that you can count on for such pleasing perks.

1. Ally Bank

Ally Bank stands out in the digital banking space with its robust account offerings without maintenance fees or minimum balance requirements. You get free checking account online, unlimited standard checks, and debit card transactions. Their overdraft fee can also be waived once every 12 months. Internet-savvy entrepreneurs will love the ease of doing all banking transactions online or via its mobile app.

2. Capital One 360 Checking

Capital One offers a comprehensive series of online banking products with the 360 Checking making its mark especially for business owners. Now, get an account without any minimum opening deposit. The bank also doesn’t charge monthly fees, or even overdraft, and offers access to a network of 70,000+ fee-free ATMs.

3. Discover Cashback Debit

Though known primarily for its array of credit card options, Discover offers an impressive online checking account as well. Featuring 1% cash back on up to $3,000 in debit card purchases every month, this account comes with no monthly fees or minimum opening deposit requirement. It’s a fantastic pick for those looking to blend the convenience of online banking with the perk of cash back.

4. Axos Bank Basic Business Checking

Bringing a seamless banking experience to small business owners and entrepreneurs, Axos Bank offers a robust business checking account online without any monthly maintenance fees. Not only are there zero minimum balance requirements, but it also provides unlimited domestic ATM fee reimbursements.

5. Chime

Chime provides a user-friendly business account option with no monthly fees, minimum balance requirements, or overdraft fees for its customers. Its innovative features, like automatic savings and real-time transaction alerts, provide you with the needed convenience to manage your finances efficiently.

Search for “what banks can you open an account online for free,” and these banks will surely appear on your radar. They come with the promise of convenience of opening and maintaining a business account without the dread of hidden charges. Who said personal banking, particularly when it comes to checking accounts, can’t be flexible and consumer-centric? These banks sure broke the mold.

But, before you hop onto their websites to open online business bank account free, do your due diligence. Look into their offerings comprehensively, determining which one best suits your financial needs and business operation style. While there are banks to open without deposits and fees, it’s prudent to consider other factors like customer service, banking technology, and additional services offered.

Personal banking has grown leaps and bounds. Thanks to banks like these, checking accounts have become more flexible and attuned to the needs of all sorts of individuals, even budding entrepreneurs. Happy banking, everyone!