Best neobanks for business and personal banking (2026)

A guide to the best neobanks for business and personal banking in 2026, comparing fees, features, cards, and money-management tools across the top digital banking platforms.

Digital banking is growing fast: there are over 4,000 FDIC-insured commercial banks and dozens of neobanks in the United States alone. Neobanks lead on digital banking experience.

What's the best neobank for business?

For most US small businesses, the strongest business-focused neobanks in 2026 are Relay, Mercury, Bluevine, Novo, Lili, and Found. The right one depends on how you operate: Relay for separating money across multiple accounts and controlling cash flow; Mercury for funded startups; Bluevine for a built-in line of credit; Novo for its integrations library; Lili for freelancers and solo owners; and Found for the self-employed who want banking, bookkeeping, and tax tools in one place.

What is a neobank?

A neobank, or digital bank, is a bank without branches that operates completely online. Neobanks have emerged in recent years as "challenger banks" to traditional banks, offering a full suite of online banking services to help you manage your finances—often at a lower cost.

Full-stacked vs frontend-focused neobanks

A full-stacked neobank has its own banking license, while a frontend-focused neobank partners with a traditional bank to offer FDIC-insured digital banking services. Varo is an example of a full-stack neobank, whereas Relay and Mercury are frontend-focused.

Are neobanks safe? Is your money FDIC-insured?

Money at a reputable neobank is generally as safe as money at a traditional bank. Most neobanks partner with a chartered, FDIC-member partner bank, which holds your deposits.

What should business owners look for in a digital bank account?

Common challenges with traditional banking

1. High fees or minimums just to hold a bank account.
2. In-person branch visits for basic banking tasks.
3. Slow and inconsistent customer service.
4. No real visibility into your day-to-day financials.

Benefits of a neobank

1. Low fees and minimum balances.
2. Multiple checking accounts.
3. Opening an account is easy.
4. Convenience.

Best neobanks: our top picks

Best neobanks for business banking

Relay

Relay is an all-in-one banking and money management platform built to help small businesses stay on top of their money.

• No monthly maintenance fees
• Up to 20 individual checking accounts
• 50 virtual or physical Visa® debit cards

Overview of Relay's banking features

Verdict: Relay is best if you want crystal-clear visibility into cash flow

Brex

Brex is a spend-management platform for enterprise companies and venture-backed startups and offers a suite of features for medium-to-large companies.

Overview of Brex's banking features

Verdict: Brex is best for funded technology businesses

Mercury

Mercury is an online banking solution for high-growth, digital-first technology startups.

Overview of Mercury's banking features

Verdict: Mercury is best for tech startup community perks

Novo

Novo offers "powerfully simple" business banking without monthly fees.

Overview of Novo's banking features

Verdict: Novo offers the best suite of app integrations

Bluevine

Bluevine combines checking, lending, and accounts payable in one product.

Overview of Bluevine's banking features

Verdict: Bluevine is best for small business financing

Lili

Lili offers business banking for freelancers and sole proprietors.

Overview of Lili's banking features

Verdict: Lili is best for freelancers, contractors and side hustlers

Found

Found is business banking built for the self-employed with bookkeeping and tax tools baked in.

Verdict: Found is best for the self-employed who want banking, bookkeeping, and taxes in one place

Best neobanks for personal banking

Chime

Chime is one of the largest neobanks in the US, offering personal banking to millions of users.

Overview of Chime's banking features

Verdict: Chime is the #1 most used personal neobank

Varo

Varo offers online personal banking with a checking account and a high-APY savings account.

Overview of Varo's banking features

Verdict: Varo is best for high annual percentage yields on savings accounts

Ally

Ally is an online bank offering checking, savings, and retirement accounts for personal banking.

Overview of Ally's banking features

Verdict: Ally is best for pairing everyday banking with investing

Betterment

Betterment offers online checking, savings, and investment accounts to help you manage cash, plan for the future, and grow investments.

Overview of Betterment's banking features

Verdict: Betterment is best for the investor looking to diversify their portfolio

Revolut

Revolut offers personal banking in the US, plus personal and business banking in many countries abroad.

Overview of Revolut's US banking features

Verdict: Revolut is best for US personal banking with global perks

SoFi

SoFi is a financial-services company that operates as a one-stop shop for your finances.

Overview of SoFi's banking features

Verdict: SoFi offers the best selection of loan and financing services

Best neobanks: honorable mentions

Acorns: for family-friendly investing

Acorns offers personal banking, investment, and retirement accounts with a focus on helping you and your family invest, grow, and save.

Current: banking for teens

Current is designed to give teens financial independence with the security parents want.

Moves Financial: for gig workers

Moves is online banking designed for gig workers, letting them view past and future earnings across gig apps alongside spending in one place.