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  Hatch Business Checking
Hatch Business Checking
in Business Checking Accounts from Hatch · Member FDIC
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Hatch Business Checking

Unaffiliated
in Business Checking Accounts from Hatch · Member FDIC
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Highlights
Monthly Fee $10
ATM Fee: Out-of-Network Starting at $1
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) N/A

Hatch Business Checking Review

Hatch Business Checking is offered by Hatch, a nonbank financial services provider founded in 2019 and based in San Francisco, CA. Hatch Business Checking is available in 50 states (and Washington, DC).

Key Takeaways

  • Charges a monthly fee. This account charges a monthly service fee of $10.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • Bill pay. Pay your bills to practically anyone in the United States through Hatch.

Hatch Business Checking Pros & Cons

Pros Cons
  • Available in all 50 states.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • Access to a nationwide network of ATMs.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not earn interest.
  • Monthly service charge.
  • Charges a fee on out-of-network ATM transactions.

Hatch Business Checking FAQ

Are business checking accounts from Hatch federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #32551). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Hatch Business Checking offer?

Hatch Business Checking is not an interest bearing account.

What are the account minimums for Hatch Business Checking?

Hatch Business Checking does not require a minimum initial deposit.

Hatch Business Checking Account Minimums
Description Amount
Minimum Initial Deposit $0

What fees does Hatch Business Checking charge?

This account charges a monthly maintenance fee of $10.

Hatch Business Checking Fees
Description
ATM Fee: In-Network $1
ATM Fee: Out-of-Network Starting at $1
Check Copy $1
Debit Card Replacement Fee $0
Early Account Closure $0
Monthly Fee $10
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Stop Payment Fee $25
Wire Transfer Fee - Domestic (Incoming) $0

What features and perks does Hatch Business Checking offer?

This account includes the following features:

  • Fraud monitoring - Hatch Business Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Hatch Business Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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Message From Hatch Business Checking

Get the business checking account designed for small businesses with no NSF fees, up to 5% cashback rewards*, perks, and discounts. Get all this and more for $10 a month¹ with no minimum deposit!

Contact

Hours of Operation

  • Sunday 6:00am - 5:00pm
  • Monday 6:00am - 5:00pm
  • Tuesday 6:00am - 5:00pm
  • Wednesday 6:00am - 5:00pm
  • Thursday 6:00am - 5:00pm
  • Friday 6:00am - 5:00pm
  • Saturday 6:00am - 5:00pm

About Hatch Business Checking

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $0
ATM Fee: In-Network $1
ATM Fee: Out-of-Network Starting at $1
Check Copy $1
Debit Card Replacement Fee $0
Early Account Closure $0
Monthly Fee $10
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Stop Payment Fee $25
Wire Transfer Fee - Domestic (Incoming) $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Member FDIC
Cashback Rewards Up to 5%

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