Best Banks for Freelancers
Novo for straightforward free business checking. Relay if you want separate accounts to hold tax money automatically. Keep the set-aside in a high-yield savings account rather than checking.
Best Banks for Freelancers
Nothing we can price
None of these carry the figures needed to rank them for your situation yet.
Compared side by side
3 compared on the 3 things that decide it. A blank cell means we could not confirm the answer, not that the answer is no.
| Provider | Monthly fee | Sub-accounts | Invoicing |
|---|---|---|---|
| Novo Best overall | — | — | — |
 Relay Best for tax set-aside | — | — | — |
 Marcus Online Savings Best place to hold the tax | — | — | — |
Every offer, priced the same way
Ranked by what it costs you over a year. The arithmetic behind each figure is shown so you can check it. Offers we could not price are listed at the bottom with the reason.
1. Novo — Novo
Best overall
Free, quick to open, and integrates with the invoicing tools freelancers already use.
Priced from national figures.
2. Relay — Relay
Best for tax set-aside
Splits every deposit across accounts, so tax money never sits in spendable checking.
Priced from national figures.
3. Marcus Online Savings — Goldman Sachs
Best place to hold the tax
Park quarterly tax money somewhere it earns interest until the payment is due.
Priced from national figures. Last checked September 4, 2026.
How we ranked these
We compare monthly fees, whether the account supports sub-accounts for tax set-aside, invoicing integrations, and how quickly deposits clear.