Best Business Checking Account for Landlords

[Jennifer L.]

I have two rental properties which are collecting rents via Apartments.com, having migrated from Cozy.  I have a basic business checking account with Chase, but am interested in exploring other options out there.  Having done some basic research, I came away with a couple of possible options: BlueVine was one, Novo was another.  I don't need to make cash deposits. Does anyone here have an account with one of these two banks? If not, is there another business checking you can recommend?  

Things I'm looking for: ability to accept ACH directly and circumvent Apartments.com or other 3rd party website; no fees; interest.

[Joni Chin]

@Jennifer L.

Stay away from BlueVine. I had a terrible experience with them although initially earning 1% on the funds in my account was great. I fell for the positive reviews but there are many others who went through the same thing (or worse) after opening business accounts with them.

Short version of a long story is that my account was closed suddenly, with little/no communication (24 hrs after one email notice) , canceled/held up ACH transactions and lost access to my remaining funds (in the middle of a renovation!) and it took a couple of weeks to get my money back.

I have business checking with Washington Federal and KeyBank for my rentals, but I’m looking into Novo Bank as I have seen good reviews. But after that last experience I’m being really cautious.