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Freelancing gives you a lot of flexibility, but you also have to stay organized and on top of your work. And yes, that includes having a business bank account (not just a personal bank account) if you work as a freelancer. These accounts offer benefits personal accounts can't, like the ability to send invoices, monitor your business cash flow, prepare for tax season, make bulk deposits, stay on a budget, and more. The best bank accounts for freelancers make it easier to perform these vital tasks while helping you save time and money.
Our top picks for bank accounts for freelancers are Lili1 <p>Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC.</p> and Found, but we've selected several other great options that may be better for you, depending on what you're looking for. Learn more about our picks for the top bank accounts for freelancers.
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
Q4 2026 New Customer Offer Terms and Conditions
Offer valid from September 1, 2026, through and including December 31, 2026 (“Offer Period”). Only New Customers are eligible for this offer.Definitions:
“New Customer” means a customer that does not have a current or past HSBC account in the U.S. on file. Customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.
“New Money” means deposits or investments not previously held by any member of the HSBC Group in the U.S. New Money is determined at HSBC’s discretion.
“Qualifying Balance” means the total amount of New Money in consumer deposit and/or eligible investment accounts being held by the New Customer (as “primary” account holder) at a determined timeframe described below. Consumer accounts/assets that are ineligible for Qualifying Balance: insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts, including, but not limited to, IRAs, Keogh, Simple IRAs and 401(k) Plans; UTMA and UGMA accounts; commercial accounts; and revocable or irrevocable trust accounts.Terms to Qualify for Cash Bonus:
New Customer must meet each of the following requirements to qualify for the cash bonus:
Open a new HSBC Premier checking account (“New Account”) during the Offer Period; AND
Meet a Qualifying Balance of $50,000 or more of New Money in deposit and/or eligible investment accounts within 30 calendar days of opening the New Account; AND
Maintain the required Qualifying Balance for 3 full consecutive calendar months following the New Account opening month. AND
Remain opted-in to receive HSBC marketing emails.
For purposes of determining whether the New Customer has maintained the required Qualifying Balance and the associated cash bonus tier, the New Customer’s Qualifying Balance will be reviewed at the end of 3 full consecutive calendar months following the New Account opening month.Cash Bonus Tier: The cash bonus amount is tiered and based on the Qualifying Balance, as follows:
Qualifying Balance: Cash Bonus
$50,000-$99,999.99: $1,000
$100,000-$249,999.99: $1,500
$250,000-$499,999.99: $2,000
$500,000+: $3,000
If all offer requirements are met, the cash bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified. “Fully qualified” means all offer requirements have been met, including the 3-month maintenance requirement. Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.Important: The minimum Qualifying Balance of $50,000 required to earn the cash bonus under this offer is less than the $100,000 combined balance requirement to waive the $50 Monthly Maintenance Fee on your HSBC Premier checking account. If you do not meet at least one of the HSBC Premier qualification criteria, you will be charged a $50 Monthly Maintenance Fee regardless of your eligibility for this promotional cash bonus. Please refer to the HSBC Premier Terms and Charges Disclosure for full details on fee waiver requirements.Additional Terms:
Offer is non-transferable and available only to individuals who are at least 18 years of age.
Your New Account must be open and in good standing at time of bonus fulfillment.
All promotional offers, products, and services offered by HSBC are subject to updates, modifications, and/or termination by HSBC at any time without notice.
Eligible New Customers who take advantage of this offer cannot receive any other New Consumer Deposit Offers provided by HSBC Bank USA, N.A. New Consumer Deposit Offers are defined as incentives in the form of merchandise and/or cash bonus that are offered to consumers who open an eligible checking account and satisfy qualifying activities. New Assets cannot be applied to meet the requirements of more than one offer, unless the other offer(s) state otherwise.
For joint accounts, the first name on the joint account is considered the new customer for the cash bonus.
If you do not wish to participate in this campaign or if you qualify for this offer and do not want to receive the cash bonus and/or future marketing messages for this campaign, please contact us and reference offer name: Q4’26 New Customer Offer. You can Chat with us 24 hours a day, 7 days a week on the HSBC US Mobile Banking App or at us.hsbc.com/chatwithus. You can call us at 1-888-662-4722 or outside the U.S. or Canada at 716-841-6866 or contact your Wealth Relationship Manager.
Minimum Opening Balance
$0
Monthly Fee
$50
Why We Like It
Earn up to a $3,000 bonus2 <div class="hsbc-premier-q4-2026-terms">
<p><strong>Q4 2026 New Customer Offer Terms and Conditions</strong><br>
Offer valid from September 1, 2026, through and including December 31, 2026 (“Offer Period”). Only New Customers are eligible for this offer.</p>
<p><strong>Definitions:</strong><br>
“<strong>New Customer</strong>” means a customer that does not have a current or past HSBC account in the U.S. on file. Customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.<br>
“<strong>New Money</strong>” means deposits or investments not previously held by any member of the HSBC Group in the U.S. New Money is determined at HSBC’s discretion.<br>
“<strong>Qualifying Balance</strong>” means the total amount of New Money in consumer deposit and/or eligible investment accounts being held by the New Customer (as “primary” account holder) at a determined timeframe described below. <strong>Consumer accounts/assets that are ineligible for Qualifying Balance</strong>: insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts, including, but not limited to, IRAs, Keogh, Simple IRAs and 401(k) Plans; UTMA and UGMA accounts; commercial accounts; and revocable or irrevocable trust accounts.</p>
<p><strong>Terms to Qualify for Cash Bonus:</strong><br>
New Customer must meet each of the following requirements to qualify for the cash bonus:</p>
<ul>
<li>Open a new HSBC Premier checking account (“New Account”) during the Offer Period; AND</li>
<li>Meet a Qualifying Balance of $50,000 or more of New Money in deposit and/or eligible investment accounts within 30 calendar days of opening the New Account; AND</li>
<li>Maintain the required Qualifying Balance for 3 full consecutive calendar months following the New Account opening month. AND</li>
<li>Remain opted-in to receive HSBC marketing emails.</li>
</ul>
<p>For purposes of determining whether the New Customer has maintained the required Qualifying Balance and the associated cash bonus tier, the New Customer’s Qualifying Balance will be reviewed at the end of 3 full consecutive calendar months following the New Account opening month.</p>
<p><strong>Cash Bonus Tier</strong>: The cash bonus amount is tiered and based on the Qualifying Balance, as follows:<br>
Qualifying Balance: Cash Bonus<br>
$50,000-$99,999.99: $1,000<br>
$100,000-$249,999.99: $1,500<br>
$250,000-$499,999.99: $2,000<br>
$500,000+: $3,000<br>
If all offer requirements are met, the cash bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified. “Fully qualified” means all offer requirements have been met, including the 3-month maintenance requirement. <strong>Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.</strong></p>
<p><strong>Important: </strong>The minimum Qualifying Balance of $50,000 required to earn the cash bonus under this offer is less than the $100,000 combined balance requirement to waive the $50 Monthly Maintenance Fee on your HSBC Premier checking account. If you do not meet at least one of the HSBC Premier qualification criteria, you will be charged a $50 Monthly Maintenance Fee regardless of your eligibility for this promotional cash bonus. Please refer to the HSBC Premier Terms and Charges Disclosure for full details on fee waiver requirements.</p>
<p><strong>Additional Terms:</strong></p>
<ul>
<li>Offer is non-transferable and available only to individuals who are at least 18 years of age.</li>
<li>Your New Account must be open and in good standing at time of bonus fulfillment.</li>
<li>All promotional offers, products, and services offered by HSBC are subject to updates, modifications, and/or termination by HSBC at any time without notice.</li>
<li>Eligible New Customers who take advantage of this offer cannot receive any other New Consumer Deposit Offers provided by HSBC Bank USA, N.A. New Consumer Deposit Offers are defined as incentives in the form of merchandise and/or cash bonus that are offered to consumers who open an eligible checking account and satisfy qualifying activities. <strong>New Assets cannot be applied to meet the requirements of more than one offer, unless the other offer(s) state otherwise.</strong></li>
<li>For joint accounts, the first name on the joint account is considered the new customer for the cash bonus.</li>
<li>If you do not wish to participate in this campaign or if you qualify for this offer and do not want to receive the cash bonus and/or future marketing messages for this campaign, please contact us and reference offer name: Q4’26 New Customer Offer. You can Chat with us 24 hours a day, 7 days a week on the HSBC US Mobile Banking App or at us.hsbc.com/chatwithus. You can call us at 1-888-662-4722 or outside the U.S. or Canada at 716-841-6866 or contact your Wealth Relationship Manager.</li>
</ul>
</div> when you open an HSBC Premier3 <div class="hsbc-premier-qualification-criteria">
<p>To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and meet one of the following requirements. A monthly maintenance fee of $50 will be incurred if at least one of these requirements is not maintained. Refer to your ‘HSBC Premier Terms and Charges Disclosure’ for full details.</p>
<ul>
<li>Balances of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment accounts; OR</li>
<li>Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR</li>
<li>Any HSBC U.S. residential mortgage loan serviced by HSBC. Home Equity products, loans that are in foreclosure or bankruptcy, and loans for which servicing rights have been transferred are not included</li>
<li>Consumers who maintain Private Bank status</li>
</ul>
</div> 4 <p>Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Social Security, or other regular monthly income) deposited through the Automated Clearing House (ACH) network to this account by your employer or an outside agency (please check with your employer or outside agency to determine if they use the ACH network). Direct deposits that do not qualify include but are not limited to transfers from one account to another, mobile deposits, or deposits made at a Wealth Center or ATM.</p> checking account and complete qualifying activities.
Get $1,000: Deposit or invest $50,000 to $99,999; Get $1,500: Deposit or invest $100,000 to $249,999; Get $2,000: Deposit or invest $250,000 to $499,999; Get $3,000: Deposit or invest $500,000+
Manage your finances around the world, with Premier privileges in select countries, perfect for global lifestyles.
Our credit cards come with a competitive range of rewards and benefits that complement your lifestyle.
When evaluating bank accounts for freelancers and gig workers, we considered factors such as monthly fees, APYs, in-person access to branches and/or ATMs, and business features such as software integration and tax-prep tools. We gave preference to banks and companies that cost less to use while providing more features and benefits, but some paid accounts we selected provide enough value to justify their monthly fees. It's worth noting that business bank accounts often carry higher fees than many personal bank accounts.
The companies we chose as the best bank accounts for freelancers may be current or past FinanceBuzz partners. We did not review all banks or companies in the market.
Yes, up to 4.00% (as of 12/01/25) APY5 <p class="">The product and annual percentage yield (APY) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your area. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. Always verify account details and availability with the financial institution before opening an account.<br></p> (must have a Lili Pro or higher account to access)6 <p>The Annual Percentage Yield (“APY”) for the Lili Savings Account is variable and may change at any time. The disclosed APY is effective as of November 13, 2025. Must have at least $0.01 in savings to earn interest. 2.50% APY applies to balances of up to and including $500,000. 4.00% APY applies to balances over $500,000 and up to and including $1,000,000. Any portions of a balance over $1,000,000 will not earn interest or have a yield. Available to Lili plans.</p>
Found
Tax tools
None7 <p>Found's core features are free. Advanced, optional add-on bookkeeping software available for $19.99/month or $149.99/ year. There are no monthly account maintenance fees, but transactional fees for wires, instant transfers, and ATM apply. Read more <a href="https://found.com/legal/fee_schedule">here</a></p>
Yes, 1.50% (as of 10/07/25) APY on balances up to $20,000 with Found Plus7 <p>Found's core features are free. Advanced, optional add-on bookkeeping software available for $19.99/month or $149.99/ year. There are no monthly account maintenance fees, but transactional fees for wires, instant transfers, and ATM apply. Read more <a href="https://found.com/legal/fee_schedule">here</a></p>
Grasshopper
Perks on business products/services
None
Yes, up to 3.30% (as of 09/26/25) APY with Innovator Checking
Bluevine
Earning cashback
None
Yes, 1.30%-3.00% (as of 07/06/26) APY
Chase Business Complete Banking
In-person access
$15
No
Novo
Budgeting
None
No
Lili
Best for earning interest
Lili is a great bank account for freelancers who want their banking, accounting, and taxes all in one place. Two of Lili's premium plans, Lili Smart and Lili Premium, have features like smart bookkeeping and auto-generated tax reports that can save you a lot of time preparing for tax season. You can even connect your favorite accounting software, such as QuickBooks, Xero, and others, to streamline your tax preparation. That way, you can focus on growing your business and not on tax preparation.
Lili business checking accounts are available for all types of businesses. You can operate a sole proprietorship, LLC, or S-Corporation and still open an account. The online bank has resources that let you stay on top of your expenses and know exactly what is happening within your business.
Lili does not have any minimum deposit requirements. It also doesn't have overdraft fees, ACH fees, foreign transaction fees, or incoming domestic wire transfer fees. You can make an unlimited number of transactions with your business checking account, and the company even supports joint business checking accounts.
The bank offers a generous APY of up to 4.00% (as of 12/01/25), but you must have a paid account to receive interest.
Lili's accounts are FDIC-insured through its partner bank, Sunrise Banks.
Pros
up to 4.00% (as of 12/01/25) APY for qualifying account holders
Unlimited transactions
Tax and accounting tools
Supports joint business accounts
Cons
Must have a paid account to receive the up to 4.00% (as of 12/01/25) APY; free accounts have 0% APY
up to 4.00% (as of 12/01/25) APY only applies to business savings of more than $500,000
Found makes it easy to analyze your cash flow, create budgets, and is one of the best online banks for tax season. Found has tax tools that estimate your tax bill in real time. The tool also uses auto-categorization to help you find tax write-offs, and you can pay your tax bill right from the app (for Schedule C filers only).
Like many other accounts on this list, Found doesn't have any minimum balance requirements or maintenance fees. It's also useful if you have a team and want to give them unique debit cards because you can create and share virtual debit cards, then track each debit card, set limits, and lock any card if necessary.
However, Found isn't the best freelancer bank account for earning interest. You must become a Found Plus member, which costs $19.99 per month. You can save money by opting for $149.99 per year membership. You should be just fine with a free account, but you need a paid account to earn interest.
Even with the paid account, the interest isn't much. The 1.50% (as of 10/07/25) APY caps out after your balance exceeds $20,000 (up to $300 per year in interest). That's not much considering you have to pay $149.99 per year for the privilege to collect interest from a Found checking account. Found has great tools and resources for freelancers, but you will get higher yields with other online banks.
Found is a financial technology company, not a bank. Business banking services are provided by Piermont Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category.
Pros
Smart tax tools
Cash flow analysis and budget creation resources
No minimum balance requirements
Unlimited transfers
Cons
1.50% (as of 10/07/25) APY only applies for balances up to $20,000, which is lower than many business checking accounts
Must have a Found Plus account to get the APY
Grasshopper
Best for perks on business products/services
Grasshopper offers a business checking account with a high yield for a checking account, cashback on online and signature-based purchases, and no monthly fees. The bank has several features freelancers will enjoy, too, such as sending digital invoices, managing cash flow, and automated bookkeeping.
One of its better features is probably its partner marketplace, which is filled with discounts for popular business tools like Slack, Visme, and Ramp. Perks range from a free monthly subscription and product discounts to sign-on bonuses and a free credit line of up to $10,000.
Grasshopper doesn't even have a minimum balance requirement. However, if you encounter any issues over the weekend, you're on your own. Grasshopper's customer support team is available on weekdays from 9 a.m. to 9 p.m. Eastern, excluding federal holidays.
Member FDIC.
Pros
Up to 3.30% (as of 09/26/25) APY
No monthly fees
Unlimited transactions
Rewards debit card that offers
1% cashback
Cons
$100 minimum deposit to open
No weekend customer service
Bluevine
Best for earning cashback
Bluevine is a fintech company that lets you earn up to 1.30%-3.00% (as of 07/06/26) APY with its checking account.
To qualify for the rate, you must spend $500 per month with your Bluevine Business Debit Mastercard or receive $2,500 per month in customer payments to your Bluevine checking account. The 1.30%-3.00% (as of 07/06/26) APY applies for the first $250,000 in your account, which means you could earn up to $5,000 per year in interest.
When you use the Bluevine debit card, you can earn a lot of cash back from your purchases. Some business services offer up to 20% cash back, while eligible hotels and restaurants result in 4% cashback if you use them for business.
You'll also get 1% cashback on fuel for business travel at eligible gas stations. These rewards are great, but consider using another card when a spending category does not qualify for cashback.
Bluevine also offers unlimited transactions, no monthly fees, and FDIC insurance of up to $3 million through Coastal Community Bank and the program banks that participate in its sweep network.
Pros
No monthly fees
FDIC insurance up to $3 million
Cons
Must fulfill an activity requirement to get the 1.30%-3.00% (as of 07/06/26) APY
Debit card does not offer cashback on non-business purchases
Chase Business Complete Banking
Best for in-person access
We recommend Chase Business Complete Banking if you're looking for a traditional bank and Chase is convenient for you. The Chase business account comes with a monthly service fee, but Chase offers several ways to waive this.
$2,000 minimum daily ending balance
$2,000 in eligible deposits
$2,000 in eligible purchases from your Chase Ink Business Card
Maintain a qualifying linked Chase account
Meet Chase Military Banking requirements
You have to meet at least one of these requirements each statement period to waive the $15 per month fee.
You can use this account to accept credit card payments without any hidden fees or monthly contracts via Chase QuickAccept. Deposits arrive in your account on the same day for no additional charge.
Chase is FDIC insured.
Pros
Several ways to waive the monthly maintenance fee
Unlimited debit card purchases and Chase ATM transactions
No minimum opening deposit
Cons
Doesn't earn interest
Monthly maintenance fee
Limited to $5,000 in no-fee cash deposits per statement cycle
Novo
Best for budgeting
Novo is a fintech company that offers a suite of online business banking solutions in one platform. The bank's Novo Reserves feature makes it easier to allocate funds for specific categories for budgeting purposes. It's similar to having multiple personal checking accounts.
Novo does not have any monthly fees or minimum balance requirements. Unfortunately, Novo does not offer any interest payments. You get access to great resources, but the trade-off is often a low yield or no interest at all.
The fintech company reimburses ATM fees, which is a nice perk. You could also save some money through the company's partnerships with top business brands like QuickBooks, Gusto, and Hubspot. However, you should look elsewhere if a high yield is your main motivation.
A Novo account also isn't right for you if you need to make cash deposits, as it doesn't support them. If you don't have much physical cash for your business and/or do everything online, it might be a good fit for you.
Novo is FDIC insured through its partner bank, Middlesex Federal Savings.
Pros
Get paid faster with Novo Boost
No monthly fees
ATM fee reimbursements
Partnerships with leading brands can help you save money
Cons
0% APY
Can't deposit cash
How to choose the best bank account for freelancers
The best checking account can do a lot for your business. It can help you save time and earn extra money. However, as a freelancer, you should prioritize different features and perks that fit your business best. Here are some to consider.
Fees
A monthly maintenance fee should disqualify most banks unless that financial institution offers reasonable ways to waive the fee. These monthly fees are archaic and can indicate that the bank charges more fees than others.
Tools and resources
It's a good idea to consider the business checking account's tools and resources. Some bank accounts offer tools that simplify your taxes, invoicing, budgeting, and ability to stay on top of your cash flow. Receiving auto-generated reports can save time and help you identify opportunities to reduce spending without weakening your business.
APYs
Annual percentage yield is a good starting point. Some business checking accounts will pay you just to keep money in your account. You may need to store funds while saving up for a big purchase or if you aren't sure how to use your extra cash yet. The APYs for some banks can get high, which is good for you, but other banks do not offer interest-bearing accounts at all.
You also have to be careful if a bank requires you to join a monthly subscription to receive interest payments. The subscription fee will minimize your interest payouts, and it isn't always worth the effort.
Customer support
No matter which bank you select, you will probably have questions along the way. A good customer support team that is available 24/7 can assist when problems emerge unexpectedly. Checking online reviews can help you gauge the quality of a bank's customer support. Don't take the company at its word that it has a great customer service team.
Rewards
Rewards should also play a big role in your decision-making process when choosing a bank. Some banks offer more than 1% cashback on every purchase. Those rewards can add up over time, especially if you make big investments into your freelance business.
Business checking accounts without reward programs aren't as favorable since you won't earn as much. Business banks without rewards need top-tier tools and features that make up for the money you lose by not receiving at least 1% cashback on your business purchases. Some accounts don't have rewards programs or interest-bearing accounts, which makes them less enticing.
Cash deposits
Freelancers should also consider how often they need to make transactions and if they need to deposit cash into their business accounts. Some business checking accounts do not accept cash deposits and have complex workarounds for those, which may make them not worth the effort. Many banks offer unlimited transactions, but some of them charge a small fee per transaction if you exceed a threshold.
4.6
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
Earn up to a $3,000 Bonus With This Checking Account
Open a new HSBC Premier checking account by December 31, 2026. Add your preferred amount of deposits and/or eligible investments within 30 days, maintain your balances for 3 full consecutive months, and remain opted-in to receive HSBC marketing emails.2 <div class="hsbc-premier-q4-2026-terms">
<p><strong>Q4 2026 New Customer Offer Terms and Conditions</strong><br>
Offer valid from September 1, 2026, through and including December 31, 2026 (“Offer Period”). Only New Customers are eligible for this offer.</p>
<p><strong>Definitions:</strong><br>
“<strong>New Customer</strong>” means a customer that does not have a current or past HSBC account in the U.S. on file. Customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.<br>
“<strong>New Money</strong>” means deposits or investments not previously held by any member of the HSBC Group in the U.S. New Money is determined at HSBC’s discretion.<br>
“<strong>Qualifying Balance</strong>” means the total amount of New Money in consumer deposit and/or eligible investment accounts being held by the New Customer (as “primary” account holder) at a determined timeframe described below. <strong>Consumer accounts/assets that are ineligible for Qualifying Balance</strong>: insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts, including, but not limited to, IRAs, Keogh, Simple IRAs and 401(k) Plans; UTMA and UGMA accounts; commercial accounts; and revocable or irrevocable trust accounts.</p>
<p><strong>Terms to Qualify for Cash Bonus:</strong><br>
New Customer must meet each of the following requirements to qualify for the cash bonus:</p>
<ul>
<li>Open a new HSBC Premier checking account (“New Account”) during the Offer Period; AND</li>
<li>Meet a Qualifying Balance of $50,000 or more of New Money in deposit and/or eligible investment accounts within 30 calendar days of opening the New Account; AND</li>
<li>Maintain the required Qualifying Balance for 3 full consecutive calendar months following the New Account opening month. AND</li>
<li>Remain opted-in to receive HSBC marketing emails.</li>
</ul>
<p>For purposes of determining whether the New Customer has maintained the required Qualifying Balance and the associated cash bonus tier, the New Customer’s Qualifying Balance will be reviewed at the end of 3 full consecutive calendar months following the New Account opening month.</p>
<p><strong>Cash Bonus Tier</strong>: The cash bonus amount is tiered and based on the Qualifying Balance, as follows:<br>
Qualifying Balance: Cash Bonus<br>
$50,000-$99,999.99: $1,000<br>
$100,000-$249,999.99: $1,500<br>
$250,000-$499,999.99: $2,000<br>
$500,000+: $3,000<br>
If all offer requirements are met, the cash bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified. “Fully qualified” means all offer requirements have been met, including the 3-month maintenance requirement. <strong>Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.</strong></p>
<p><strong>Important: </strong>The minimum Qualifying Balance of $50,000 required to earn the cash bonus under this offer is less than the $100,000 combined balance requirement to waive the $50 Monthly Maintenance Fee on your HSBC Premier checking account. If you do not meet at least one of the HSBC Premier qualification criteria, you will be charged a $50 Monthly Maintenance Fee regardless of your eligibility for this promotional cash bonus. Please refer to the HSBC Premier Terms and Charges Disclosure for full details on fee waiver requirements.</p>
<p><strong>Additional Terms:</strong></p>
<ul>
<li>Offer is non-transferable and available only to individuals who are at least 18 years of age.</li>
<li>Your New Account must be open and in good standing at time of bonus fulfillment.</li>
<li>All promotional offers, products, and services offered by HSBC are subject to updates, modifications, and/or termination by HSBC at any time without notice.</li>
<li>Eligible New Customers who take advantage of this offer cannot receive any other New Consumer Deposit Offers provided by HSBC Bank USA, N.A. New Consumer Deposit Offers are defined as incentives in the form of merchandise and/or cash bonus that are offered to consumers who open an eligible checking account and satisfy qualifying activities. <strong>New Assets cannot be applied to meet the requirements of more than one offer, unless the other offer(s) state otherwise.</strong></li>
<li>For joint accounts, the first name on the joint account is considered the new customer for the cash bonus.</li>
<li>If you do not wish to participate in this campaign or if you qualify for this offer and do not want to receive the cash bonus and/or future marketing messages for this campaign, please contact us and reference offer name: Q4’26 New Customer Offer. You can Chat with us 24 hours a day, 7 days a week on the HSBC US Mobile Banking App or at us.hsbc.com/chatwithus. You can call us at 1-888-662-4722 or outside the U.S. or Canada at 716-841-6866 or contact your Wealth Relationship Manager.</li>
</ul>
</div>
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
Wells Fargo Everyday Checking - Earn a $325 Bonus
Earn a $325 new checking customer bonus when you open an Everyday Checking account and make $1,000 or more in qualifying direct deposits. Wells Fargo Bank, N.A. Member FDIC
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
Bank of America Advantage Plus Banking®
New checking customers only: Get a bonus offer up to $500 after completing qualifying transactions. Click Learn More for details. Bank of America, N.A. Member FDIC
What type of bank account is best for freelancers?
Business checking and savings accounts are best for freelancers. Look for accounts geared toward small business owners.
Choosing the best business account comes down to comparing your choices and knowing what you want. It is a good idea to compare many banks to better understand which bank account is best for your needs.
Can I use a personal bank account as a freelancer?
You can use a personal bank account as a freelancer. However, business bank accounts come with more benefits and allow you to separate your personal finances from your business finances. This distinction will make tax preparation easier.
Should I open a bank account for my side hustle?
You may want to open a bank account for your side hustle. It depends on whether you intend to make the side hustle a fixture within your finances or if it is a short-term venture that will only last a few months. It makes more sense to open a bank account for your side hustle if you see yourself working on the side gig for years, especially if you believe you can turn it into a full-time career.
Bottom line
Comparing business accounts for freelancers will help you find the right choice for your business. While earning interest is helpful, some online banks that have 0% APY accounts offer notable perks that help out in other areas.
Those extra perks and discounts will have to be meaningful to compensate for the lack of an interest-bearing account. However, there's more to a business checking account than collecting interest. Invoicing, tax tools, and cashback rewards are some of the notable factors to consider when comparing checking accounts for your business.
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Our partners do not influence our ratings.
Earn up to a $3,000 bonus2 <div class="hsbc-premier-q4-2026-terms">
<p><strong>Q4 2026 New Customer Offer Terms and Conditions</strong><br>
Offer valid from September 1, 2026, through and including December 31, 2026 (“Offer Period”). Only New Customers are eligible for this offer.</p>
<p><strong>Definitions:</strong><br>
“<strong>New Customer</strong>” means a customer that does not have a current or past HSBC account in the U.S. on file. Customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.<br>
“<strong>New Money</strong>” means deposits or investments not previously held by any member of the HSBC Group in the U.S. New Money is determined at HSBC’s discretion.<br>
“<strong>Qualifying Balance</strong>” means the total amount of New Money in consumer deposit and/or eligible investment accounts being held by the New Customer (as “primary” account holder) at a determined timeframe described below. <strong>Consumer accounts/assets that are ineligible for Qualifying Balance</strong>: insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts, including, but not limited to, IRAs, Keogh, Simple IRAs and 401(k) Plans; UTMA and UGMA accounts; commercial accounts; and revocable or irrevocable trust accounts.</p>
<p><strong>Terms to Qualify for Cash Bonus:</strong><br>
New Customer must meet each of the following requirements to qualify for the cash bonus:</p>
<ul>
<li>Open a new HSBC Premier checking account (“New Account”) during the Offer Period; AND</li>
<li>Meet a Qualifying Balance of $50,000 or more of New Money in deposit and/or eligible investment accounts within 30 calendar days of opening the New Account; AND</li>
<li>Maintain the required Qualifying Balance for 3 full consecutive calendar months following the New Account opening month. AND</li>
<li>Remain opted-in to receive HSBC marketing emails.</li>
</ul>
<p>For purposes of determining whether the New Customer has maintained the required Qualifying Balance and the associated cash bonus tier, the New Customer’s Qualifying Balance will be reviewed at the end of 3 full consecutive calendar months following the New Account opening month.</p>
<p><strong>Cash Bonus Tier</strong>: The cash bonus amount is tiered and based on the Qualifying Balance, as follows:<br>
Qualifying Balance: Cash Bonus<br>
$50,000-$99,999.99: $1,000<br>
$100,000-$249,999.99: $1,500<br>
$250,000-$499,999.99: $2,000<br>
$500,000+: $3,000<br>
If all offer requirements are met, the cash bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified. “Fully qualified” means all offer requirements have been met, including the 3-month maintenance requirement. <strong>Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.</strong></p>
<p><strong>Important: </strong>The minimum Qualifying Balance of $50,000 required to earn the cash bonus under this offer is less than the $100,000 combined balance requirement to waive the $50 Monthly Maintenance Fee on your HSBC Premier checking account. If you do not meet at least one of the HSBC Premier qualification criteria, you will be charged a $50 Monthly Maintenance Fee regardless of your eligibility for this promotional cash bonus. Please refer to the HSBC Premier Terms and Charges Disclosure for full details on fee waiver requirements.</p>
<p><strong>Additional Terms:</strong></p>
<ul>
<li>Offer is non-transferable and available only to individuals who are at least 18 years of age.</li>
<li>Your New Account must be open and in good standing at time of bonus fulfillment.</li>
<li>All promotional offers, products, and services offered by HSBC are subject to updates, modifications, and/or termination by HSBC at any time without notice.</li>
<li>Eligible New Customers who take advantage of this offer cannot receive any other New Consumer Deposit Offers provided by HSBC Bank USA, N.A. New Consumer Deposit Offers are defined as incentives in the form of merchandise and/or cash bonus that are offered to consumers who open an eligible checking account and satisfy qualifying activities. <strong>New Assets cannot be applied to meet the requirements of more than one offer, unless the other offer(s) state otherwise.</strong></li>
<li>For joint accounts, the first name on the joint account is considered the new customer for the cash bonus.</li>
<li>If you do not wish to participate in this campaign or if you qualify for this offer and do not want to receive the cash bonus and/or future marketing messages for this campaign, please contact us and reference offer name: Q4’26 New Customer Offer. You can Chat with us 24 hours a day, 7 days a week on the HSBC US Mobile Banking App or at us.hsbc.com/chatwithus. You can call us at 1-888-662-4722 or outside the U.S. or Canada at 716-841-6866 or contact your Wealth Relationship Manager.</li>
</ul>
</div> when you open an HSBC Premier3 <div class="hsbc-premier-qualification-criteria">
<p>To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and meet one of the following requirements. A monthly maintenance fee of $50 will be incurred if at least one of these requirements is not maintained. Refer to your ‘HSBC Premier Terms and Charges Disclosure’ for full details.</p>
<ul>
<li>Balances of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment accounts; OR</li>
<li>Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR</li>
<li>Any HSBC U.S. residential mortgage loan serviced by HSBC. Home Equity products, loans that are in foreclosure or bankruptcy, and loans for which servicing rights have been transferred are not included</li>
<li>Consumers who maintain Private Bank status</li>
</ul>
</div> 4 <p>Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Social Security, or other regular monthly income) deposited through the Automated Clearing House (ACH) network to this account by your employer or an outside agency (please check with your employer or outside agency to determine if they use the ACH network). Direct deposits that do not qualify include but are not limited to transfers from one account to another, mobile deposits, or deposits made at a Wealth Center or ATM.</p> checking account and complete qualifying activities.
Get $1,000: Deposit or invest $50,000 to $99,999; Get $1,500: Deposit or invest $100,000 to $249,999; Get $2,000: Deposit or invest $250,000 to $499,999; Get $3,000: Deposit or invest $500,000+
Manage your finances around the world, with Premier privileges in select countries, perfect for global lifestyles.
Our credit cards come with a competitive range of rewards and benefits that complement your lifestyle.
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