Bluevine, which claims to be the all-in-one banking platform specifically designed for small businesses, 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.
Bluevine partners with FDIC insured Coastal Community Bank to provide its services.
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.”
Bluevine co-founder and CEO Eyal Lifshitz said:
“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. 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.”
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.”
Customers also benefit from FDIC insurance “coverage of up to $3 million (12x the industry standard of $250,000), 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.”
