The best bank accounts for Etsy businesses should offer a variety of outstanding business products and services to help sellers pay and get paid for their handmade toys, collectibles, art, home goods, vintage furniture, jewelry, clothing, and more.
Here’s our selection of the best banks to choose when you’re an Etsy business owner, with each offering different features and some allowing for a deposit directly into your business bank account.
The best business bank accounts for Etsy businesses
Do you want to set up a bank account for your Etsy business? We have selected 3 banks that offer bank account offers for Etsy businesses that meet the needs of an Etsy business owner, allowing you to focus on your clientele of independent artists and crafters.
- Novo – Offers a direct integration with Etsy and no monthly maintenance fees or minimum deposits for opening, perfect for small businesses
- Bluevine – Best for small business owners that are looking to manage their finances online with no minimum deposit, balance requirements, monthly service fees or ATM withdrawal fees
- Relay – As business bank accounts for LLCs and freelancers, Relay offers Etsy businesses no monthly fees, transaction fees or minimum balance requirements
The various bank accounts presented are a mix of online banks with different features and product integrations. This allows Etsy business owners to pick a bank that best fits with their needs and requirements.
Novo
Novo is a business banking platform for Etsy business and small business owners and freelancers, allowing them to open business checking accounts in minutes.
Novo charges almost no fees and your Novo business checking account can be connected to other business software, including Etsy, Amazon, Shopify and WooCommerce.
You’ll need a $50 opening deposit in order to open a new account, but after that, there are no minimum account balance requirements or recurring fees of any kind. In addition, there are no monthly maintenance fees, minimum deposits for opening or minimum balance requirements, a huge help for businesses starting out.
Bluevine
Bluevine is an online FinTech company that allows Etsy businesses to easily set up an online bank account which has no monthly fees, transaction fees or minimum opening deposit and excellent online and mobile banking features.
Incoming and Outgoing ACH fees are zero, which is very attractive for Etsy business business owners who have many transfers. There are some fees with outgoing wire fee of $15.00, whilst cash deposit fees are charged at $4.95 per deposit, but a superb trade overall product that’s easy to use and offers unlimited transactions.
Relay
Relay Financial is a digital banking platform designed with small businesses in mind that need multiple bank accounts and want to integrate QuickBooks Online into their banking services.