Managing rental property finances across cities or countries is not easy. Rent comes in monthly. Maintenance costs change with the seasons. Taxes return every year. Landlords need a smarter bank account. Nearly half of individual investors now own two or more properties. This growing trend calls for smarter banking tools built for real estate. The best bank accounts for rental properties go beyond checking.

It offers rent automation, high-yield interest, tax prep tools, and access for business partners. Additionally, these features cut costs and improve reporting.

Therefore, if you treat your properties like a business, your bank account should match.

Here is the list of banks for rental properties to open in 2025, built for modern landlords at every level.

 

1. Axos Bank – Best for Earning Interest on Idle Rent Income

Axos Bank offers a business checking account that earns up to 1.01% APY. In particular, this rate adds value for landlords holding reserve funds. Additionally, it also benefits those who receive lump-sum payments. Moreover, it offers unlimited domestic ATM fee reimbursements.

As a result, landlords avoid extra charges. Furthermore, it also includes free bill pay and easy mobile tools. Notably, no daily balance of $500 is required. Ultimately, if you own multiple rental properties, the best bank accounts for rental properties help you stay organized and avoid fees.

In the same vein, sub-accounts make it easier to separate income and expenses. Likewise, instant alerts keep you updated on every transaction.

“Axos lets my rental income grow while I plan my next move. In the meantime, it keeps everything running smoothly,” said Jordan L., a landlord with four units in Arizona.

 

Features –

• Free domestic wires
• Unlimited ATM reimbursement
• No monthly fees (with $5,000 minimum)

 

Strengths –

• High yield without investment risk
• Fully online banking

 

Limitations –

• No physical locations
• Minimum balance needed

 

💡 Related – 15 Best Bank Accounts for Digital Nomads & International Travelers

 

2. Revolut – Best for Multi-Currency Accounts

Revolut is a wise choice for international landlords. First, it supports over 30+ currencies. Then, it uses real-time exchange rates. As a result, it easily handles cross-border rent and expenses.

Besides, Revolut offers free international transfers. In addition, you receive up to $257 in monthly ATM withdrawals. Furthermore, the app features budgeting tools, instant alerts, and access to cryptocurrency.

It runs on mobile. Fast, simple, and global. Therefore, for landlords handling rent in multiple currencies, the best bank accounts for rental properties must offer flexibility. Revolut delivers precisely that.

Moreover, its intuitive interface makes financial tracking seamless. As a result, landlords can manage properties abroad without extra hassle.

“Revolut made managing my UK and Spain properties effortless,” said Sarah M., a landlord with rentals in two countries. As a result, she saves time and avoids currency headaches.

 

Features –

• Hold and exchange over 30 currencies
• Real-time budgeting and analytics
• Instant spending notifications
• Built-in cryptocurrency exchange

 

Plans –

• Standard – Free
• Premium – $9.99/month
• Metal – $16.99/month

 

Strengths –

• Free international ATM withdrawals (up to $257.77/month)
• Strong security, including card lock via app

 

Limitations –

• No interest on balances.
• However, service concerns in peak periods.
• Additionally, there is a limited scope of banking licenses in some markets.

 

 

3. Lili – Best for Tax-Ready Banking

Lili simplifies rental expense tracking. First, it auto-tags transactions. Then, it estimates quarterly taxes in real time. Moreover, it is built for landlords who file independently. Besides, the app categorizes income and expenses.

As a result, you can easily see what’s deductible. Additionally, it includes mobile deposit, alerts, and clean reporting. No fees with the basic plan. Overall, easy tax prep from your phone.

Ideal for landlords with a small portfolio. Furthermore, it keeps expenses organized in real time. In the end, filing becomes faster and less stressful with the best bank accounts for rental properties.

“Lili helped me prep for tax season without the usual panic,” said Marcus R., a part-time landlord with three units in Atlanta. As a result, he felt more confident. The process was smoother than ever before.

 

Features –

• Tax tools and automatic expense categorization
• Mobile banking with check deposit
• No overdraft or maintenance fees

 

Plans –

• Basic – Free
• Pro – $9/9/month

 

 

Strengths –

• Ideal for landlords filing Schedule E
• Quick setup with useful financial reports

 

Limitations –

• No multi-user access
• Additionally, limited features for growing portfolios.

 

 

4. Bluevine – Best for High-Yield and Sub-Accounts

Bluevine stands out for high returns. First, it offers an APY of up to 4.25%. Then, it lets you set up subaccounts to budget efficiently.

Next, it supports ACH transfers and bill pay. In addition, you can track income, move funds, and plan fast and online. Furthermore, everything is accessible in real time.

Also, the dashboard is clean and straightforward. No clutter. No guesswork. In fact, reports are easy to read and quick to export. Plus, transfers between sub-accounts take seconds.

Ultimately, for multiple rentals, the best bank accounts for rental properties maximise every dollar. Therefore, Bluevine delivers.

“Bluevine let me split rent into buckets for taxes and maintenance without a spreadsheet,” said Jamie L., a landlord with five units in Texas. Moreover, it made budgeting faster and less stressful.

 

Features –

• High-yield business checking
• Two free sub-accounts
• No monthly fees

 

Strengths –

• Interest on large deposits
• Sleek online dashboard

 

Limitations –

• No support for cash deposits
• Limited live customer service

 

 

5. Novo – Best for Property Managers Using Tech Tools

Novo is a smart pick for tech-savvy landlords. First, it connects with tools like QuickBooks and Stripe. Then, it supports online payments and instant transfers. It streamlines rent collection and expense tracking.

In addition, Novo offers virtual cards and free mailed checks. Moreover, you also get real-time alerts and fast ACH transfers. Besides that, the mobile app enables easy management of everything on the go.

No monthly fees. Simple setup. Smooth digital banking. Therefore, for landlords using online platforms, the best bank accounts for rental properties must be compatible with technology. Novo fits the bill. Moreover, it integrates with tools like QuickBooks and Stripe. As a result, managing rent and expenses becomes effortless.

“Everything from rent to repairs flows through Novo,” said Lily, a landlord managing five units across Texas. In fact, she now tracks payments, expenses, and deposits all in one place.

 

Features –

• No monthly fees or hidden charges
• Fast integration with apps
• Free mailed checks

 

Strengths –

• Easy to open and use
• Simple expense tracking

 

Limitations –

• No physical locations
• No checkbook

 

 

6. Chase Business Complete Banking – Best for Nationwide Branch Access

Chase works well for landlords who prefer in-person service. First, it offers access to 4,700+ branches. Then, it supports same-day payments with QuickAccept. Additionally, it provides strong fraud protection and mobile check deposit.

Moreover, you can sync it with accounting tools. Fees are waived with a $2,000 balance. Overall, it’s reliable, secure, and easy to access. For hands-on landlords,

Chase delivers. Besides, mobile check deposit makes rent collection a simple process. Furthermore, same-day deposits help improve cash flow. Additionally, fraud monitoring tools provide an extra layer of peace of mind. As a result, many landlords choose Chase for their day-to-day banking needs.

“Chase helps me manage payments across five buildings,” said Olivia D., a landlord operating in three states. Moreover, she values the bank’s nationwide access and consistent support.

 

Features –

• 4,700+ branches and ATMs
• Integrated card processing
• Mobile check deposit

 

Fees –

• $15/month (waived with $2,000 balance)

 

Strengths –

• Trusted bank brand
• Wide ATM and branch network

 

Limitations –

• Monthly fee unless conditions are met
• No interest on balance

 

💁‍♀️ Also read – Chase Ink Business Credit Cards – Which One Will Have Your Business Winning Big?

 

7. Baselane – Best for Built-in Landlord Tools

Baselane is built for rental property owners. First, it automates rent collection. Then, it tracks property income and expenses in real time. Additionally, it offers performance dashboards and tenant communication tools.

Beyond basics, Baselane supports ACH payments and custom reporting. Furthermore, you can link multiple properties, view profit margins, and plan repairs. It keeps everything in one place.

No fees, no fluff. Simply, purpose-built features for landlords. As a result, Baselane makes the shortlist of the best bank accounts for rental properties. Moreover, its real estate tools are built directly into the dashboard. In turn, landlords save time and avoid third-party platforms.

Consequently, property finances stay centralized and transparent. Furthermore, every transaction feeds directly into performance tracking.

“This bank truly gave me everything I needed to run my rentals like a business,” said Leah W., who, in fact, owns five units in Denver.

 

Features –

• Rent automation
• Landlord tax reporting tools
• Budgeting for repairs and income analysis

 

Strengths –

• Designed exclusively for rental property owners
• Excellent dashboard

 

Limitations –

• Newer fintech player
• No physical branches

 

 

8. Ally Bank – Best for Emergency Fund Savings

Ally Bank offers a strong option for storing reserves. First, it provides 4.20% APY on savings. Then, it allows you to organise funds into separate buckets for taxes, repairs, or vacancies.

Moreover, Ally charges no monthly fees. Furthermore, you can manage everything online with ease. Additionally, fast transfers make it easy to transfer money when needed.

As a result, it runs smoothly on mobile. Overall, it is simple, secure, and efficient. Ultimately, Ally ranks high among the best bank accounts for rental properties. Moreover, it helps landlords organise funds with ease.

In turn, this improves long-term planning and cash flow control. Likewise, it supports goal-based saving through labelled sub-accounts. Consequently, landlords can set aside money for repairs, taxes, or vacancies.

“Ally made it easy to keep my maintenance fund separate and, more importantly, growing,” said Lena D., a landlord with five suburban rentals.

 

Features –

• Competitive savings interest
• Buckets for different property goals
• No monthly fees

 

Strengths –

• Easy digital access
• No hidden fees

 

Limitations –

• No checking or rent collection features
• No branch or ATM access

 

 

9. Capital One Business Checking – Best for Scaling Landlords

Capital One fits landlords focused on growth. First, it connects with credit lines. Then, it supports lending for expansion. Ideally, it suits those building a property portfolio. Moreover, it offers no-fee overdraft and in-branch support.

In addition, you can also make cash deposits with ease. As a result, everything stays in one place. Fast, flexible, and growth-ready. For scaling landlords, the best bank accounts for rental properties must support long-term plans.

Ultimately, Capital One delivers that edge. Moreover, its credit options help fund property upgrades. Therefore, expansion feels less risky and more strategic. In addition, seamless account integration simplifies cash flow. As a result, landlords can plan long-term with greater confidence.

“Capital One backed me when I added two new units,” said Jorge L., a landlord based in Phoenix. In fact, it gave him the confidence to expand quickly (read our complete guide about relocating to Phoenix).

Features –

• Linked credit lines and business cards
• No overdraft fees
• In-person and online services

 

Strengths –

• Lending and deposit in one place
• Hybrid digital/physical banking

 

Limitations –

• Limited branch availability outside major metros

 

Recommended read – Is the Capital One Venture X Rewards Card Right for You? A Detailed Review

 

10. NorthOne – Best for Simple Budgeting

NorthOne helps landlords organise finances. First, it sorts rent into taxes, repairs, and insurance. Each deposit updates automatically. Additionally, it supports ACH transfers, QuickBooks, and mobile banking. Moreover, real-time alerts also help track every expense.

NorthOne charges $10 monthly with no hidden fees. However, domestic wire transfers cost $15.

The account includes budgeting, integrations, and expense tracking. For those managing tight budgets, the best bank accounts for rental properties should therefore offer a structured approach to managing finances. NorthOne fits that need.

Moreover, its envelope-style system helps separate funds for taxes and repairs. As a result, landlords gain better control over every dollar.

“NorthOne made budgeting simple and, more importantly, stress-free,” said Edward K., a Cleveland landlord with five units. Furthermore, it helped him manage his monthly expenses with ease.

 

Features –

• Budgeting “envelopes”
• Mobile and ACH support
• Real-time alerts

 

Strengths –

• Clean app interface
• Automates financial planning

 

Limitations –

• No interest on deposits
• $10 monthly fee

 

 

11. Mercury – Best for Real Estate LLCs and Startups

Mercury suits landlords with formal business setups. First, it supports LLCs and C corporations. Next, it offers seamless access for multiple users. As a result, managing partner accounts becomes effortless.

Moreover, it connects with QuickBooks and Stripe. Additionally, issue cards, track expenses, and manage cash from one dashboard.

Mercury stays fully digital. Moreover, no fees. No paperwork. For rental businesses that operate like startups, it also delivers clean, modern banking and ranks among the best bank accounts for rental properties.

In addition, it supports LLCs and C-Corps with ease. As a result, landlords can manage multiple users and transactions without friction.

“Mercury gave our small property team the tools to grow fast,” said Julian P., who, in turn, runs a three-person LLC and, as a result, currently manages eight rentals.

 

Features –

• LLC and C-Corp friendly
• Virtual and physical cards
• Expense management integrations

 

Strengths –

• No monthly fees
• Clean online platform

 

Limitations –

• No check writing
• May not support large wire volumes

 

 

12. Wells Fargo Business Choice – Best for Cash-Heavy Operations

Wells Fargo suits landlords who deal with cash. First, it supports in-person deposits. Then, it offers coin and cash handling at thousands of branches. As a result, it simplifies traditional rent collection.

Additionally, the account includes up to 200 free transactions per month. Moreover, you can access over 13,000 ATMs and 4,500 branches. Furthermore, it also offers support for small businesses and expedited approvals.

In short, no-frills, physical banking. Reliable and accessible. Therefore, for cash-based operations, the best bank accounts for rental properties need strong branch access. Wells Fargo delivers that consistency.

Moreover, it supports landlords who rely on in-person service. As a result, managing deposits and withdrawals becomes seamless.

“Wells Fargo helps me stay organised without going digital,” said Linda K., a landlord with multiple units in Miami. Moreover, she values the ease of in-person banking (also read our guide here).

Features –

• Branch banking nationwide
• Up to 200 free monthly transactions
• Coin and cash deposit services

 

Fees –

• $14/month (waivable with $5,000 balance)

 

Strengths –

• Reliable brand
• Strong local support

 

Limitations –

• Less digital innovation
• Fees if the balance is not maintained

 

 

Final Take

Rental properties demand more from your bank than a monthly statement. In fact, from collecting rent to setting aside for taxes, each transaction is part of a larger system. Moreover, the best bank accounts for rental properties in 2025 offer a combination of automation, security, and control. It allows you to focus on growing your investment. Ultimately, each option above addresses a different kind of rental owner.

So, match your account to your needs for lasting returns.

 

Take Control of Your Rental Income, Wherever Your Properties Are

If you need expert guidance on choosing the correct account for your rental business, we’re here to help.

Additionally, we assist with finding new properties, handling relocation, and managing both buying and renting with ease.

Finally, schedule a complimentary consultation and complete a brief form to initiate the process.

We’re committed to supporting your real estate journey through smarter, more informed, and future-ready financial choices. 🏦