BlueVine vs NBKC Business Checking Account

January 13, 2023 Business Banking
BlueVine vs NBKC Business Checking Account

BlueVine vs. NBKC Business Checking Accounts

When you’re starting a small business, one of the first things you need to do is open a small business checking account. When you compare your options, you might struggle to decide on BlueVine vs. NBKC.

Both banks offer a business checking account that is easy to use. They also have other business services that can help you grow your new company. Our review will break down each bank’s offering and help you decide which is right for you.

BlueVine vs. NBKC Business Checking Accounts Overview

Before you compare the specifics of each bank and its offerings, you should try to understand where both are coming from.

BlueVine was founded in California in 2013 and focuses primarily on serving small and medium-sized businesses.

NBKC, formerly the National Bank of Kansas City, was founded in 1999. The bank has physical branches in Kansas City and offers both personal and business banking services.

BlueVine Services and Features NBKC Services and Features
Business checking Business checking
Business lending Branch access (only available in Kansas City)
Bill payment No fees for most services
Quickbooks integrations Deposit cash at MoneyPass ATMs
Interest checking NA

BlueVine vs. NBKC Business Checking Accounts Comparison

Both BlueVine and NBKC offer strong business checking accounts. Any business could benefit from using either account. However, there are important differences that you need to consider to ensure you’re finding the perfect account for your company.

BlueVine NBKC
Best for Companies looking to earn interest on their balance Businesses that deal with cash or that want to keep fees low
Minimum deposit None None
Monthly fee None None
Requirements to avoid monthly fee N/A N/A
Other fees Two fee-free paper checkbooks per year, 2.9% credit card bill payment fee, $15 outgoing wire transfer fee, $4.95 per cash deposit, $2.50 out-of-network ATM fee $5 outgoing domestic wire transfer fee, $45 international wire transfer fee
Other features Make cash deposits, Earn interest Up to $12 in ATM fee reimbursements per month, Deposit cash at MoneyPass ATMs

Unless you live in Kansas City, both banks function primarily as online banks. They also both have a focus on keeping fees low. Assuming you don’t make wire transfers, it’s easy to pay zero fees with either account.

The primary difference between the two checking accounts is that NBKC offers fee-free cash deposits at MoneyPass ATMs. You’ll have to pay a fee of $4.95 for every cash deposit you make with BlueVine. That means NBKC is a better fit for businesses that work with cash frequently.

If you don’t use cash frequently, the things that will help you choose between the two banks are their other services and features, such as app integrations and lending services.

Why Choose BlueVine Business Checking?

There are many reasons that you might consider opening an account with BlueVine over NBKC.

You want to earn interest

One major perk of BlueVine’s business checking is that it offers interest on your account balance. At the time of writing, the rate is 1.5%, which is better than you can get from many savings accounts.

BlueVine pays interest on balances up to $100,000 and you can qualify by spending $500 a month on your debit card or receiving $2,500 per month in payments. These requirements are relatively simple to meet, meaning your company can earn interest easily.

Your company needs a line of credit

A line of credit is a type of loan that functions very similarly to a credit card. You get access to a pool of funds that you can draw from when you need extra cash. You only pay interest when you have an outstanding balance and can withdraw cash multiple times.

BlueVine offers lines of credit to its business checking customers. Interest rates are low, and the line of credit can be as much as $250,000. That flexibility can be highly beneficial to companies that find themselves needing extra cash on occasion.

You use QuickBooks for invoicing

QuickBooks is one of the most popular small business applications out there. BlueVine offers integrations between its business checking account and QuickBooks.

That integration makes it easy to view your bank account and QuickBooks information from a single dashboard. It also makes invoicing and receiving payments simple.

Why Choose NBKC Business Checking?

There are many benefits to working with NBKC for your business checking account.

You want to make cash deposits

NBKC offers free cash deposits at any MoneyPass ATM that accepts deposits. There are more than 37,000 fee-free MoneyPass ATMs in the United States, so you’re likely to have no problem finding a convenient way to deposit cash to your business checking account.

You live in Kansas City and want access to a branch

Prior to rebranding and NBKC, NBKC was the National Bank of Kansas City. If you happen to live in Kansas City, that means you’ll have access to the company’s four branches.

If you live in the area and like the idea of having the option to visit a bank in person to ask questions or get help with your account, this can be a major perk.

You want access to other business services

NBKC is a full-service bank, offering a variety of personal and business banking services.

On top of a business checking account, your company can work with NBKC to open a Certificate of Deposit or money market account. NBKC also offers cash management services, help with collections, fraud management tools, and fund disbursement for things such as payroll, taxes, and the like.

You need business financing

While BlueVine offers a great line of credit, NBKC has a wider array of business financing options, including:

  • Secured lines of credit
  • Real estate line of credit
  • Small business loans
  • Equipment loans
  • Commercial loans
  • Construction loans
  • Real estate loans
  • SBA loans

With NBKC, you get access to almost every type of financing your company could need.

Bottom Line

Choosing BlueVine vs. NBKC can be difficult, but the truth is that both offer great checking accounts that almost any business could benefit from. The differences are largely in the additional services that each offers.

In general, if you use a lot of cash, NBKC will likely be better due to the ease of cash deposits. On the other hand, BlueVine might be better for online companies that want to benefit from their checking account balance by earning interest.

Before you settle on one or the other, make sure to take a look at other options as well. Comparing as many business bank accounts as possible will help you choose the best one for your company.

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About The Author

TJ Porter avatar

TJ Porter

Freelance Personal Finance Writer

TJ Porter is a Boston-based freelance writer who specializes in bank accounts, credit, and credit cards. He’s written for Bankrate, Credit Karma, MoneyCrashers, DollarSprout and My Bank Tracker, among others. In his spare time, TJ enjoys cooking, soccer, reading, and video games. You can connect with him on his website, tjporterwriting.com.


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