Pros
High-yield interest option: Earn up to 4.25% APY on balances up to $3,000,000 by enrolling in its premier plan, which costs $95/mo or $0/mo if you maintain a monthly balance of at least $100,000 and spend at least $5,000 each billing period with a Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®
Extensive FDIC coverage: Up to $3 million in FDIC insurance protection through a sweep program provided by partner banks, significantly higher than the standard $250,000 coverage
Free printed checks: Receive two free checkbooks per year as long as you maintain a balance in your account
Cons
Limited cash deposit options: Cash deposits are only available at Green Dot locations with a potential fee of up to $4.95 per transaction
Restricted customer service hours: Customer support is only available on weekdays
Mobile app limitations: The Bluevine mobile banking app has lower ratings compared to some competitors