Overview
Bluevine offers business checking through Coastal Community Bank, Member FDIC, and its programme banks, which together provide up to $3 million of FDIC insurance per depositor[13]. Unlike most checking products, the Bluevine account pays interest on the checking balance itself. The no-fee Standard plan pays 1.3% APY on balances up to $250,000, provided the business spends $500 a month on its debit card or receives $2,500 a month in customer payments[13]. The Plus plan pays 1.75% on balances up to $250,000 with no activity requirement, and Premier pays 3.3% on all balances[13].
Bluevine also markets lines of credit to small businesses, and the checking account is positioned as a single operating account for companies that hold meaningful cash and would otherwise move surplus funds to a separate savings product. Both paid tiers carry monthly fees that Bluevine says can be waived, though the waiver conditions are set out in separate disclosures rather than on the product page[13]. The product page does not list cash deposit fees, so businesses that take cash should check the fee schedule before opening. For businesses holding large balances, the uncapped Premier rate is the main differentiator against Mercury and Relay, which pay yield only through separate savings or treasury products.
Bluevine features
- Interest on checking balances
- No-fee Standard plan
- Premier rate applies to all balances
- $3M FDIC coverage through programme banks
- Small-business lines of credit
Bluevine pricing
Standard: no monthly fee; 1.3% APY up to $250,000 with $500 debit spend or $2,500 customer payments a month. Plus: $30/month (waivable); 1.75% APY up to $250,000. Premier: $95/month (waivable); 3.3% APY on all balances. Rates are variable.
Bluevine strengths and limitations
Strengths
- Pays interest directly on checking
- Free tier without minimum balance
- Premier yield uncapped
- $3M FDIC coverage
Limitations
- Standard yield requires monthly activity
- Highest yield needs a $95 plan or waiver
- Cash deposit fees not disclosed on product page
- Not a bank
Appears in
Bluevine alternatives and competitors
Alternatives to Bluevine: companies ranked in the same lists.
Mercury- Relay
Axos Bank
U.S. Bank National Association
Chase Business Complete Banking
Bank of America
Capital One, National Association
Found- Novo
Lili
Wells Fargo Bank, N.A.
TD Bank Group
Is this your company?
Update the description, logo, image and link through the submission form. Editors review every change.