# 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](https://www.statista.com/statistics/184536/number-of-fdic-insured-us-commercial-bank-institutions/) and [dozens of neobanks](https://www.statista.com/statistics/1239242/number-of-challenger-banks-worldwide-by-region/) 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](https://www.fdic.gov/financial-institution-employees-guide-deposit-insurance/pass-through-deposit-insurance-coverage), 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](/content/site-root.html) 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

| Banking feature |  |
| --- | --- |
| Account fees | No monthly maintenance fees |
| Minimum balances | $0 |
| Checking accounts | Up to 20 (up to 50 on Scale) |
| Transaction fees | Unlimited transactions |
| Customer service | Dedicated customer support via email, chat or phone |
| Digital banking experience | Bank from Web, iOS, or Android |

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

#### Brex

[Brex](https://www.brex.com/) 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

| Banking feature |  |
| --- | --- |
| Account fees | $0 |
| Minimum balances | $0 |
| Checking accounts | Business account with multiple sub-accounts |
| Customer service | Customer support via email or phone |
| Digital banking experience | Bank from Web, iOS, or Android |

##### Verdict: Brex is best for funded technology businesses

#### Mercury

[Mercury](https://mercury.com/) is an online banking solution for high-growth, digital-first technology startups.

##### Overview of Mercury's banking features

| Banking feature |  |
| --- | --- |
| Account fees | $0 |
| Minimum balances | $0 |
| Checking accounts | Up to 15 |
| Customer service | Customer support via email or phone |
| Digital banking experience | Bank from Web, iOS, or Android |

##### Verdict: Mercury is best for tech startup community perks

#### Novo

[Novo](https://www.novo.co/) offers "powerfully simple" business banking without monthly fees.

##### Overview of Novo's banking features

| Banking feature |  |
| --- | --- |
| Account fees | $0 |
| Minimum balances | $50 to start |
| Checking accounts | 1 checking account, plus 5 reserves |
| Customer service | Customer support via email or phone |
| Digital banking experience | Bank from Web, iOS, or Android |

##### Verdict: Novo offers the best suite of app integrations

#### Bluevine

[Bluevine](https://www.bluevine.com/) combines checking, lending, and accounts payable in one product.

##### Overview of Bluevine's banking features

| Banking feature |  |
| --- | --- |
| Account fees | $0 |
| Minimum balances | $50 to start |
| Checking accounts | 1 checking account |
| Customer service | Customer support via email or phone |
| Digital banking experience | Bank from Web, iOS, or Android |

##### Verdict: Bluevine is best for small business financing

#### Lili

[Lili](https://lili.co/) offers business banking for freelancers and sole proprietors.

##### Overview of Lili's banking features

| Banking feature |  |
| --- | --- |
| Account fees | $0 for the basic plan |
| Minimum balances | $0 |
| Checking accounts | 1 |
| Customer service | Customer support via email or phone |
| Digital banking experience | Mobile banking on iOS or Android |

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

#### Found

[Found](https://found.com/) 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](https://www.chime.com/) is one of the largest neobanks in the US, offering personal banking to millions of users.

##### Overview of Chime's banking features

| Banking feature |  |
| --- | --- |
| Account fees | $0 |
| Minimum balances | $0 |
| Checking accounts | 1 |
| Customer service | Customer support via email or phone |
| Digital banking experience | Bank from Web, iOS, or Android |

##### Verdict: Chime is the #1 most used personal neobank

#### Varo

[Varo](https://www.varomoney.com/) 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](https://www.ally.com/) is an online bank offering checking, savings, and retirement accounts for personal banking.

##### Overview of Ally's banking features

| Banking feature |  |
| --- | --- |
| Account fees | $0 |
| Minimum balances | $0 |
| Checking accounts | Interest-bearing checking account |
| Customer service | Customer support via email or phone |
| Digital banking experience | Bank from Web, iOS, or Android |

##### Verdict: Ally is best for pairing everyday banking with investing

#### Betterment

[Betterment](https://www.betterment.com/) 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

| Banking feature |  |
| --- | --- |
| Account fees | Varies by account type |
| Minimum balances | $0 |
| Checking accounts | 1 |
| Customer service | Customer support via email or phone |
| Digital banking experience | Bank from Web, iOS, or Android |

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

#### Revolut

[Revolut](https://www.revolut.com/en-US) offers personal banking in the US, plus personal and business banking in many countries abroad.

##### Overview of Revolut's US banking features

| Banking feature |  |
| --- | --- |
| Account fees | Free Standard plan, $9.99 Premium plan, $16.99 Metal plan |
| Minimum balances | $0 |
| Checking accounts | 1 per personal account  |
| Customer service | Customer support via email or chat |
| Digital banking experience | Bank from Web, iOS, or Android |

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

#### SoFi

[SoFi](https://www.sofi.com/) is a financial-services company that operates as a one-stop shop for your finances.

##### Overview of SoFi's banking features

| Banking feature |  |
| --- | --- |
| Account fees | $0 |
| Minimum balances | $0, with a cash bonus of $50 to $300 depending on your starting deposit |
| Checking accounts | 1 |
| Customer service | Customer support via email or chat |
| Digital banking experience | Bank from Web, iOS, or Android |

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

### Best neobanks: honorable mentions

#### Acorns: for family-friendly investing

[Acorns](http://acorns.com/) 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](https://current.com/) is designed to give teens financial independence with the security parents want.

#### Moves Financial: for gig workers

[Moves](https://movesfinancial.com/) is online banking designed for gig workers, letting them view past and future earnings across gig apps alongside spending in one place.