Do I need a business bank account for my LLC in Florida?

While Florida law does not require LLCs to maintain a separate business bank account, having one is essential for preserving your limited liability protection. Commingling personal and business finances is one of the primary ways courts pierce the corporate veil and hold LLC members personally liable. Open a dedicated account as soon as your Florida LLC is approved.

Can I open an LLC bank account online in Florida?

Yes. Mercury, Relay, Novo, Found, and BlueVine all allow you to open an account entirely online with your LLC's EIN, Articles of Organization, and a government-issued ID. No branch visit or minimum deposit is required.

What is the best bank for a single-member LLC in Florida?

For a single-member LLC in Florida, Mercury or Relay are typically the top choices: no monthly fee, no minimum balance, online account opening, and FDIC-insured deposits. If you anticipate needing a business credit line, BlueVine is worth considering.

Does Florida require LLCs to have a separate business bank account?

No. Florida does not require LLCs to maintain a dedicated business bank account by statute. However, maintaining separate finances is essential to protecting your personal liability shield under Florida's LLC laws, and most operating agreements require it.

2026 Rankings9 banks compared

Business Banking

Best LLC Bank Accounts in Florida

🏆Mercury ranks #1 for Florida LLCs with a score of 90/100 · No monthly feeOpen Free Account

#	Bank	Score	Monthly fee	Features	Offer
★	MercuryFintech	90/100	Free	FDICOnlineMulti-memberSub-accts	—	Open Free Account
2	RelayFintech	90/100	Free	FDICOnlineMulti-memberSub-accts	—	Open Free Account
3	BlueVineFintech	85/100	Free	FDICOnlineMulti-memberSub-accts	—	Open Free Account
4	U.S. Bank Silver Business CheckingTraditional	66/100	Free	FDICMulti-memberSub-accts	—	Open Business Account
5	NovoFintech	60/100	Free	FDICOnline	—	Open Free Account
6	LiliFintech	60/100	Free	FDICOnline	—	Open Free Account
7	FoundFintech	60/100	Free	FDICOnline	—	Open Free Account
8	Chase Business Complete BankingTraditional	52/100	$15/mo	FDICMulti-memberSub-accts	—	Open Business Account
9	Bank of America Business AdvantageTraditional	52/100	$16/mo	FDICMulti-memberSub-accts	—	Open Business Account

★ Mercury

Fintech · Free

90/100

FDICOnlineMulti-memberSub-accts

Open Free Account

2. Relay

Fintech · Free

90/100

FDICOnlineMulti-memberSub-accts

Open Free Account

3. BlueVine

Fintech · Free

85/100

FDICOnlineMulti-memberSub-accts

Open Free Account

4. U.S. Bank Silver Business Checking

Traditional · Free

66/100

FDICMulti-memberSub-accts

Open Business Account

5. Novo

Fintech · Free

60/100

FDICOnline

Open Free Account

6. Lili

Fintech · Free

60/100

FDICOnline

Open Free Account

7. Found

Fintech · Free

60/100

FDICOnline

Open Free Account

8. Chase Business Complete Banking

Traditional · $15/mo

52/100

FDICMulti-memberSub-accts

Open Business Account

9. Bank of America Business Advantage

Traditional · $16/mo

52/100

FDICMulti-memberSub-accts

Open Business Account

Bank Reviews for Florida LLCs

★Best Pick for LLCs

MercuryFintech

No monthly feeFDIC insuredOnline openingMulti-member LLCSub-accounts

90/100

LLC Score

Open Free Account

Monthly fee

$0 / Free

Min. balance

None

Account type

Online-only

Score breakdown: No fee 25 · Online 20 · Multi-member 20 · FDIC 15 · Branches 0 · Sub-accounts 10 pts

#2RelayFintech

No monthly feeFDIC insuredOnline openingMulti-member LLCSub-accounts

90/100

LLC Score

Open Free Account

Monthly fee

$0 / Free

Min. balance

None

Account type

Online-only

Score breakdown: No fee 25 · Online 20 · Multi-member 20 · FDIC 15 · Branches 0 · Sub-accounts 10 pts

#3BlueVineFintech

No monthly feeFDIC insuredOnline openingMulti-member LLCSub-accountsSBA loans

85/100

LLC Score

Open Free Account

Monthly fee

$0 / Free

Min. balance

None

Account type

Online-only

Business credit

Available

Score breakdown: No fee 25 · Online 18 · Multi-member 18 · FDIC 15 · Branches 0 · Sub-accounts 9 pts

#4U.S. Bank Silver Business CheckingTraditional

No monthly feeFDIC insuredMulti-member LLCSub-accountsSBA loans

66/100

LLC Score

Open Business Account

Monthly fee

$0 / Free

Min. balance

None

Account type

Traditional bank

Business credit

Available

Score breakdown: No fee 25 · Online 0 · Multi-member 16 · FDIC 15 · Branches 2 · Sub-accounts 8 pts

#5NovoFintech

No monthly feeFDIC insuredOnline opening

60/100

LLC Score

Open Free Account

Monthly fee

$0 / Free

Min. balance

None

Account type

Online-only

Score breakdown: No fee 25 · Online 20 · Multi-member 0 · FDIC 15 · Branches 0 · Sub-accounts 0 pts

#6LiliFintech

No monthly feeFDIC insuredOnline opening

60/100

LLC Score

Open Free Account

Monthly fee

$0 / Free

Min. balance

None

Account type

Online-only

Score breakdown: No fee 25 · Online 20 · Multi-member 0 · FDIC 15 · Branches 0 · Sub-accounts 0 pts

#7FoundFintech

No monthly feeFDIC insuredOnline opening

60/100

LLC Score

Open Free Account

Monthly fee

$0 / Free

Min. balance

None

Account type

Online-only

Score breakdown: No fee 25 · Online 20 · Multi-member 0 · FDIC 15 · Branches 0 · Sub-accounts 0 pts

#8Chase Business Complete BankingTraditional

FDIC insuredMulti-member LLCSub-accountsSBA loans

52/100

LLC Score

Open Business Account

Monthly fee

$15/mo

Min. balance

$2,000

Account type

Traditional bank

Business credit

Available

Score breakdown: No fee 0 · Online 0 · Multi-member 18 · FDIC 15 · Branches 10 · Sub-accounts 9 pts

#9Bank of America Business AdvantageTraditional

FDIC insuredMulti-member LLCSub-accountsSBA loans

52/100

LLC Score

Open Business Account

Monthly fee

$16/mo

Min. balance

$5,000

Account type

Traditional bank

Business credit

Available

Score breakdown: No fee 0 · Online 0 · Multi-member 18 · FDIC 15 · Branches 10 · Sub-accounts 9 pts

Frequently Asked Questions

Bank Reviews for Florida LLCs

Frequently Asked Questions

More Florida LLC Resources