Open a SCORE Certified *Free Business Checking
Simple. Straightforward. Smart.
Open an Account
*Nonsufficient funds charges may apply.
Open a SCORE Certified *Free Business Checking
Simple. Straightforward. Smart.
Open an Account
*Nonsufficient funds charges may apply.
Free Business Checking
Running a business means juggling a thousand details; your bank account shouldn't be one of them.
WaFd Bank's Free Business Checking gives you the tools you need to manage your LLC, sole proprietorship, or small business with ease. No monthly service fees, no hidden charges, just practical, reliable banking designed for business owners like you.
No monthly maintenance fee or minimum balance requirements
No monthly maintenance fee or minimum balance requirements
Competitive options to upgrade your account and run your business better
Competitive options to upgrade your account and run your business better
Access to thousands of fee-free ATMs
Access to thousands of fee-free ATMs
With SCORE Certification, WaFd Bank's Free Business Checking works as hard as you do
Our Free Business Checking account is SCORE certified, which means that we are small business friendly in all we do. To achieve this, WaFd Bank's Free Business Checking account meets the standard for small business success.
- $100 minimum to open
- No monthly fees
- Unlimited transactions
- No fee per check
- Non-sufficient funds fee is just $30
- Payroll services available
- Payment services available
- Merchant services available
Straightforward banking that keeps your small business moving forward
Features & benefits:
- No monthly service fees
- Unlimited digital transactions
- Online Banking with bill payment
- Mobile photo deposit & remote deposit capture
- eStatements
- Contactless Visa Debit Card
- Debit cards with option to order for employees who are not a signer on your account
- Options to upgrade your account:
- eWire Transfer Service
- Electronic ACH Payments
- Credit Card Processing
Best if you:
- Don't want a minimum balance requirement
- Need simple banking
- Run a small business
- Value personal service
Quick Business Accounts Comparison
| Product/feature | Best for | Key benefits |
|---|---|---|
| Free Business Checking | Small businesses & sole proprietors |
|
| Business Interest Checking | Businesses maintaining higher balances |
|
| Business Savings | Building a safety net |
|
| Treasury Management | Scaling and automation needs |
|
Free Business Checking
- Best for: Small businesses & sole proprietors
- Key benefits:
- No monthly service fees
- Unlimited transactions
- Best for: Businesses maintaining higher balances
- Key benefits:
- Earn interest while managing cash flow
- Best for: Building a safety net
- Key benefits:
- Separate account for reserves and growth
- Best for: Scaling and automation needs
- Key benefits:
- ACH, wire transfers, fraud protection
- Add services as needed for tailored solutions
Scale Your Success
Expand your financial capacity with our integrated business banking solutions, designed to scale with your goals.
REMOTE DEPOSIT CAPTURE
Submit your bank deposit using a simple desktop scanning device
- Save time, no need to drive your deposits to the bank
- Receive credit faster
- Access images of deposited items
eACH
A secure and fast way to send and receive payments
- Vendor Payments
- Payroll
- Payment Collection
ADDITIONAL OPTIONS
More ways to upgrade your account
- Treasury Prime for ultimate control over business accounts
- Sweep Accounts
- Zero Balance Accounts
- eWires: send domestic and International wires quickly
Expert Insights
Navigate your business confidently with expert knowledge and guidance.
BUSINESS BANKING
What Is Needed to Open a Business Bank Account?
Keeping your business funds separate from your personal finances helps you stay organized and focused on your business priorities.
4 min read
Updated August 2023
BUSINESS BANKING
8 Reasons You Should Not Use a Personal Checking Account for Business
From impacting how you track profit and spending to legal liability, we've put together some of the pitfalls encountered by using personal accounts for business purposes.
6 min read
Updated January 2026
BUSINESS MARKETING
How to Step Up Your Small Business Growth
Growing your small business's customer base is always a focus, although how you do that might be secondary to your operations.
7 min read
Updated March 2024
Frequently Asked Questions
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