# Business Banking, Built for Entrepreneurs.

Get a business bank account with no opening deposit,

minimum balance, or monthly activities required – plus,

get premium features included for free.

## Start a Business with Banking

Only $5 a month.

ZenBusiness is a financial technology company and is not an FDIC-insured bank.

Banking services provided by Thread Bank, Member FDIC.

[28,954 reviews](https://www.trustpilot.com/review/www.zenbusiness.com)

## Why ZenBusiness Banking?

Easy to open and maintain, our digital checking account is built for businesses starting out.

### Made for new businesses

Just $5 a month, and no opening deposit or minimum balance to keep.

### Quick and easy path to approval

Since we have your formation info, you can apply in just a few clicks and get approved.

### Premium features, for free

Includes invoicing, instant deposit, expense tracking, deduction tagging, tax tools, and more.

## ZenBusiness Banking Features

### Untangle your finances

Keep business finances separate from the start, and save time and money on taxes.

### No minimum balance to keep

You won’t be penalized for low or no balances, so it’s easy to maintain.

### Invoice your customers

Get paid into your ZenBusiness Banking account so you can bank and manage your business in one place.

### No deposit required to open

Made for new businesses; you don’t need to put down any money to open.

### Track expenses as you go

Auto-track and categorize expenses now, so you don’t have to play catch-up at tax time.

### Mobile check deposit

Deposit checks in a snap, anytime, from your mobile phone or tablet.

### Apply in just a few clicks

Since your business info and formation docs are in our system, applying is fast and easy.

### Physical and virtual debit cards

Start using your virtual debit card right away while you wait for your physical card.

### Tag write-offs, save on taxes

Tag business expenses as you go, and see what you can save on your tax bill.

## Get more with us

### Top Features

| Features                              | ZenBusiness Banking | Others         |
|---------------------------------------|---------------------|----------------|
| Opening deposit required               | $0                  | +$100          |
| Minimum monthly balance                | $0                  | $1,500 – $2,500|
| Mobile check deposit                   | $0                  | $10+           |
| Transaction count caps                 | Varies              | N/A            |
| Expense tagging & categorization       | $0                  | Additional cost |
| Instant Deposit                        | $0                  | Varies         |
| Invoicing                              | $0                  | Varies         |
| Linking of external accounts           | N/A                 | N/A            |
| Tax-time help                          | N/A                 | N/A            |
| Knowledge of your business             | Few                 | Many           |
| LLC filing documents to submit         | None                | All            |
| EIN requirement                        | Automatically added  | Manual         |
| Branch visit required to open          | Likely              | Unlikely       |
| FDIC Insurance Available*             | Up to $3,000,000    | Up to $250,000 |
| You pay                               | $0 Upfront + $5/mo  | $100 Upfront + up to $16/mo|

*Data for others based on top national business banks' 2023 features, requirements, and pricing.

### Banking FAQs

- **Is there a minimum balance required to open a ZenBusiness Banking account?**  
No, there is no minimum opening deposit or minimum balance required with a ZenBusiness Banking account. You can open and keep the account with a $0 balance, so there is no extra cost to having it ready when you need it.

- **Can both the physical and virtual debit cards be used to pay online?**
You can use both your physical and virtual cards for online purchases. However, we recommend that for all e-commerce purchases you use your virtual card details (which are easy to see in your ZenBusiness Banking Dashboard). And for in-person purchases, use your physical debit card. In the event of an issue, it’s a bit faster to replace your virtual card than your physical card (which has to be mailed).

- **Can any business owner apply?**  
We’re eager to offer ZenBusiness Banking to everyone, but it’s only available to those who form their business through ZenBusiness at the current time. It’s also only available to customers who are structured as a single-member LLC (among a few additional criteria).

- **Are my deposits insured by the FDIC?**  
Yes. Your deposits are insured up to the FDIC standard insurance amount. This insurance is provided through our partner bank, Thread Bank; Member FDIC. Their FDIC certificate number is [9499] and can be found on the FDIC BankFind Tool.

Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when Thread Bank places them at program banks in its deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at [sweep-disclosure](https://thread.bank/sweep-disclosure/) and a list of program banks at [program-banks](https://thread.bank/program-banks/). Please contact customerservice@thread.bank with questions regarding the sweep program.

- **Can I deposit cash into my ZenBusiness Banking account?**
The only way to currently get cash into your ZenBusiness Banking account is to transfer it in from another account that accepts cash deposits.

- **Can I use ZenBusiness Banking if I’m not a U.S. citizen?**
Yes. If you’re not a U.S. citizen, but you formed a business with ZenBusiness, you can apply for a ZenBusiness Banking account.

For extra security to banking data and actions, users are required to authenticate themselves using mobile-based OTP (one-time password). Currently, only USA mobile numbers can be used for mobile OTP-based authentication.

You might also be required to upload a screenshot of your passport to confirm your info.

- **What is the cost of ZenBusiness Banking?**
ZenBusiness Banking costs $5 per month.

This includes free same-day ACH, mobile banking on the ZenBusiness mobile app, a virtual debit card, and a physical debit card. There is a $5 fee to receive a wire and a $15 fee to send a wire.

- **Can I transfer funds from my personal account to my ZenBusiness Banking account?**
Yes, you can transfer funds from your personal account to your ZenBusiness Banking account. Funding that your business receives from you as an owner is called an [owner’s contribution](https://www.zenbusiness.com/blog/owners-contributions/) and may also provide tax benefits.

- **Can I use ZenBusiness Banking for international wire transfers?**
No, ZenBusiness Banking does not currently support international wire transfers. For international transfers, you can use a different service like Wise.

- **Is there a minimum balance requirement for ZenBusiness Banking?**
No, there is no minimum balance requirement for ZenBusiness Banking.

- **Can I use ZenBusiness Banking for my e-commerce business?**
Yes, ZenBusiness Banking can be used for e-commerce businesses. You can connect ZenBusiness Banking to your payment processor so that you can receive your funds in a small business banking account. This allows you to separate business and personal finances to protect your assets and simplify tax prep.

- **Can I use ZenBusiness Banking with other payment platforms like PayPal?**
You can connect your ZenBusiness Banking account to your PayPal account so that you can  transfer funds into ZenBusiness Banking. Once funds are available in ZenBusiness Banking, you can use your business debit card to purchase and manage business expenses.

- **Can I cancel ZenBusiness Banking at any time?**
Yes, you can cancel ZenBusiness Banking by contacting the customer support team at any time.