Bluevine, the all-in-one digital banking platform specifically designed for small businesses, today announced it will provide customers three different options for their Bluevine Business Checking account – so they can choose the plan that does the most to unlock additional growth for their business. With Annual Percentage Yields (APYs) ranging from 2.0% to 4.25%, business owners can immediately maximize the returns on their business checking deposits. Customers on the Premier and Plus plans can also enjoy discounted costs on most standard payment fees, and no monthly fees based on qualifying balances and combined monthly spending activity across Bluevine Business Debit Mastercard® and Bluevine Business Cashback Mastercard®1 credit card. Business owners can sign up for a one-month free trial of Plus and Premier plans, or select the Standard plan with no monthly fee, balance requirement, or minimum deposit.
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“Within roughly three years of launching Bluevine Business Checking, SMBs nationwide have trusted us with managing over $1 billion of their deposits – so we know we are hitting the right notes with the high APYs, low fees, and full transparency they are looking for,” said Bluevine co-founder and CEO Eyal Lifshitz. “Now, we’re bringing small businesses even more of the products, services, and overall benefits that traditional banks have long reserved for large corporations. With the option to choose from three different plans, SMBs have even more ways to maximize the return on their deposits and slash fees with the package that best matches their specific needs and business activity.”
Bluevine Business Checking Plans
The Standard plan, Bluevine’s flagship Business Checking Account offering, provides a 2.0% APY on balances up to $250,000, which is 25x the national average.2 Customers also benefit from FDIC insurance coverage of up to $3 million (12x the industry standard of $250,000)3, free standard ACH payments, automated accounts payable, unlimited transactions, no overdraft fees, international payments, two free checkbooks, up to 4% cash back at over 50,000 merchants with Bluevine Business Debit Mastercard®, free QuickBooks Online sync, and more.
The new Plus plan, ideal for companies who maintain an account balance of at least $20,000, includes all of the same benefits of Standard, along with 3.0% APY on balances up to $250,000, 20% off most standard payment fees, and up to 5 checks per month that can be printed and mailed, at no additional cost, from the convenience of their online dashboard or mobile device.
With the Premier plan, designed for companies that typically maintain account balances of $100,000 or more, customers will earn 4.25% APY on their Bluevine Business Checking balances up to $3 million, plus 50% off most standard payments fees, priority access to customer support, and up to 20 checks per month that can be printed and mailed for them, at no additional cost.
Bluevine Business Checking Plan Pricing and Fee Waivers
Business owners can take advantage of a one-month free trial for either the Plus or Premier plan, and qualify for a monthly fee waiver on either plan based on account balances and combined monthly spending activity across Bluevine Business Debit Mastercard® and Bluevine Business Cashback Mastercard® credit card. Businesses that do not meet these criteria can still benefit from Plus for a monthly fee of $30 and Premier for a monthly fee of $95. Standard is available with no monthly fee, balance requirement, or minimum deposit. Visit bluevine.com for detailed pricing and fee waiver qualifications.
About Bluevine
Bluevine provides an all-in-one digital banking platform specifically designed for small businesses. Since launching in 2013, Bluevine’s innovative and intuitive products, including business checking, integrated accounts payable, credit cards, and lines of credit have helped over 500,000 business owners save time and money so they can focus on what matters most: growing their business.
Bluevine is backed by leading private and institutional investors, including Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, ION Crossover Partners, SVB Capital, Nationwide Insurance, and M12 (Microsoft’s Venture Arm). Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC. Lines of credit are issued by Celtic Bank. For more information, please visit bluevine.com or follow us on LinkedIn, Instagram, Facebook, and Twitter.
1The Bluevine Business Debit Mastercard® and Bluevine Business Cashback Mastercard® are issued by Coastal Community Bank, Member FDIC pursuant to a license from Mastercard International Incorporated and may be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
2Standard plan customers will earn 2.0% annual percentage yield (APY) on total balances up to $250,000 for a given month only if they meet at least one Eligibility Requirement during that month’s Eligibility Period as described in the Terms of Interest Accrual. No interest earned on balances over $250,000.
3Bluevine accounts are FDIC insured up to $3,000,000 per depositor through Coastal Community Bank, Member FDIC and our program banks. $3,000,000 in FDIC insurance is offered by multiplying the standard $250,000 FDIC coverage across multiple banks. For complete details, please visit https://bluevine.com/business-checking/fdic-protection.
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