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Bluevine Review

Banking platform for small businesses

Reviews 7,926
Bluevine
Visit Site
Bluevine
Bluevine
Excellent
Reviews 7,926
Ashlyn Jackson
Sep. 14, 2023
3 min read
Ashlyn Jackson
Bluevine Summary
When it comes to small businesses, you want a business checking account that offers flexibility along with excellent customer support and low fees. Bluevine gives its small business owners peace of mind and an array of services with its online options. Bluevine is not a bank, its banking services are provided by Coastal Community Bank, and all accounts are insured up to $3M through Coastal Community Bank, Member FDIC and their program banks.³

Pros

  • No monthly fees
  • Free standard ACH and incoming wire transfers
  • Send international payments to 32 countries in 15 currencies

Cons

  • Customer support only available during set business hours
  • No business credit card

Bluevine at a glance

9.6
Editorial score

Fees?

Straightforward structure with no monthly fees
10.0

Security

FDIC insured and SSL/AES encrypted account
10.0

Customer service

Early morning and evening service with multiple communication options and a dedicated fraud team
8.0

Online experience

Excellent and user-friendly site with Business Checking, Line of Credit, and Bill Pay
10.0

Mobile experience

Excellent mobile app with easy digital check deposit
10.0

Bluevine Bluevine Visit Bluevine

Advantages Over A Regular Bank 

Bluevine shows an above average performance when it comes to affordability and ease of use. With the national average interest yield sitting at 0.06%, Bluevine offers their checking account interest at a competitive rate of 2.00% for eligible customers on balances up to and including $250,000. In addition to their interest rate, Bluevine also offers no monthly fees, free standard ACH and incoming wire transfers, $10 same-day ACH, and built-in bill pay solutions that save you time.

Cutting-Edge Business Checking Services 

Customers are given complete control of their finances with Bluevine. You can access your accounts through their online portal or mobile app to transfer funds and upload checks from anywhere at any time. FDIC insurance on Business Checking balances up to $3M through Coastal Community Bank, Member FDIC, and their program banks.

Bluevine also allows you to send international payments to 32 countries in 15 currencies with a simple, transparent fee structure:

CurrencyFee
Sending USD to an international payee$25
Sending a foreign currency to an international payee$25 + an additional 1.5% of the payment amount in USD
  • Send payments around the globe in as fast as 24 hours right from your dashboard²
  • Add a new payee, choose their country and currency, then send a payment

Online Bill Pay 

Bluevine Business Checking comes with a robust bill pay platform that's built to save you time while you grow your business. Streamline your bill pay by using payment options you're familiar with (like ACH, wire, or check), or pay most bills by credit card. Set up permissions so your team or accountant can submit bills for your approval, and make or schedule multiple payments at once. Easily sync with your QuickBooks Online account and protect your cash with automatic fraud prevention for check payments.

Customer Service 

Bluevine offers several ways for their customers to reach them. Support can be reached by phone on Monday - Friday from 8:00am-8:00pm (EST). Alternatively, customers can find support through email by filling out the online form available through their website or by email.. 

 Mobile Apps 

Bluevine’s mobile banking app allows you all the control of your business finances from the convenience of your smart device. The app allows you to view your balances, manage cash flow, track transactions and deposit checks without ever having to set foot in a bank.

Security

Online banking offers the simplest form of convenience but with that comes the need for additional safety precautions. This has made security for customers a top priority, Bluevine understands this concept and takes every measure to protect its customers from fraud and identity theft. Business Checking balances are FDIC insured up to $3M through Coastal Community Bank, Member FDIC and their program banks. In addition, Bluevine has implemented a comprehensive security system with safeguard procedures including SSL encryption to ensure every customer's information is kept confidential.

Bluevine Bluevine Visit Bluevine

Conclusion 

Bluevine’s online banking option is a safe and affordable platform for small businesses looking to grow their company, receive low interest funds and conveniently manage bills. With no monthly fees, thousands of free in-network ATMs, international payment options, and full banking services offered, online banking with Bluevine is simple and affordable.

Disclaimer

¹ No limit on numbers of transactions, However, all accounts are subject to the aggregated monthly deposit and withdrawal amount limits of the Account Agreement.

² Payments are sent out from 8am-5pm ET every business day. Timing may vary based on recipient bank and country, and whether payment is sent during business hours. The only eligible funding method for international payments is Bluevine Business Checking accounts. International payments are available to most businesses, subject to eligibility determined by Bluevine. Exceptions include businesses based in Nevada or in the categories of finance, insurance, or mining.

³ Bluevine accounts are FDIC insured up to $3,000,000 per depositor through Coastal Community Bank, Member FDIC and their 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.


Ashlyn Jackson
Written by
Ashlyn Jackson
Ashlyn is a financial writer and civil engineer. She's on a mission to show others how to save and spend smarter through budgeting and good money habits. She also manages the blog dearyoungprofessional.com that focuses on personal finance. She writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
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Trustpilot reviews
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Excellent • Reviews 7,926
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12%
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