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You can break even and win with Bluevine. Low-cash and cost-conscious business owners might love Bluevine when your business is just getting off the ground.
With Bluevine business checking account, when your business revenue doesn’t grow month-over-month, you can still earn APY by spending $500.
Graycare is not a financial expert.
Graycare is not a lawyer.
You earn APY on the month if you spend $500 and/or if you earn $2,500 that month.
Of course, the more successful Bluevine business will grow their business revenue past $2,500 per month to earn APY without spending over $500.
By the time you earn $2,500 month-after-month while holding a Bluevine account, your LLC transforms into a cash cow.
What a delight! Choose how you play your cards with Bluevine. Their straightforward policies without so many items of fine print make running your business more fun every month.
***When you’re not doing a good job managing your small business finances… When other banks penalize you for rookie money mistakes… Bluevine incentivizes you to shape up and reach success.***
Month-to-month with Bluevine, you get to choose whether or not you take action to earn APY or not. Your choices are:
If Graycare LLC were more successful at our choices, then we’d try to coin the (Unofficial) Bluevine Business Model. My LLC decides to reap benefits from Bluevine every month we can.
Spending $500 spend is good.
Earning $2,500 earnings is waaay better.
The (Unofficial) Bluevine Business Model is based on the benefits of a Bluevine Business Checking account. The business model is made possible by Bluevine’s high Annual Percentage Yield (APY).
***2.0% APY (Annual Percent Yield) is the reason I chose Bluevine Business Checking for my LLC. It means you earn 2.0% of the money stored in your checking account, and it's paid out monthly. It’s not free money. You have to (1) have money in your account and (2) reach Bluevine’s monthly activity goal during the month.***
A business which spends $500 per month and earns $500 per month with $1,000 balance at the end of every day in Bluevine can earn 2.0% APY with interest calculated on the day. If you execute this model exactly, then you’ll earn $20.18 APY with a balance of $1020.18 at the end of the year.
A business starting with $1,000 in Bluevine, which earns $2,500 per month and doesn’t spend any money, will earn $318.13 APY with a balance of $31,318.13 at the end of the year.
The more likely scenario for a profitable (Unofficial) Bluevine Business is… You can probably afford $500 spend per month, but might not earn $2,500.
For rookie business owners who can’t consistently increase monthly revenue numbers, Bluevine offers ample wiggle room for APY.
Graycare is not a financial expert.
Graycare is not a lawyer.
#1 High APY. El razón número uno people choose Bluevine Business Checking for their banking needs is the APY. You earn APY on the month if you spend $500 and/or if you earn $2,500 that month. Bluevine’s 2.0% Annual Percentage Yield (APY) means a business with $5,000 in Bluevine can earn over $100.92 in interest by the end of the year if they spend $500 and earn $500 every month. Your business revenue doesn’t have to grow in order for you to make money month-to-month with Bluevine. No minimum balance requirement is ideal for small cash businesses like Graycare LLC.
🟦 Official Source: Bluevine 2.0% APY is Best-in-Class for Small Businesses.
#2 No Monthly Fees and No minimum balance. Bluevine has no monthly fees and no minimum balance to keep it free. It's el razón número uno people using more traditional business checking accounts switch to Bluevine. That’s ideal for low-cash businesses who scrape by on $10s, $100s or $1,000s if we’re lucky this month.
🟦 Official Source: No Monthly Bank Fees at Bluevine
#3 No overdraft fees. When you’ve got less than $10,000 under LLC entity ownership, and you’re feeling good with Bluevine, but shaky about your business’ chances. No overdraft fees means when you try to pay more money than is inside your Bluevine account, then the transaction fail (no problem, it didn’t go through), and you won’t owe anyone money for your mistake. Compared to traditional banks who might slap a fine on pesky low-balance overdrafters, Bluevine plays fair.
🟦 Official Source: None.
#4 Free ACH Transfers. The ACH transfer is an Automated Clearing House transfer. It’s the most common type of electronic money transfer in America. Basically, free ACH transfers mean you can in flow and out flow your business money received and money paid using AHC transfers as much as you want without extra fees. AHC is fast, free and unlimited with Bluevine.
🟦 Official Source: None.
#5 MoneyPass ATMs. Go type in your zip code on MoneyPass.com and you’ll probably find several ATMs within miles of your business where you can withdraw cash for free when you see the MoneyPass logo on the ATM. There are 40,000 MoneyPass ATMs across America and rising.
🟦 Official Source: Search Your Zip Code on MoneyPass.com
#6 Bluevine is easy to use on computers and iPhones. You can sign up online, and if you get approved, it happens fast. You can use your computer to log in and manage your Bluevine account. You can download the Bluevine app on your phone. Bluevine’s simple apps make it extra easy to browse Bluevine’s well-organized services.
🟦 Official Source: None.
#7 Good customer service gets good reviews. Bluevine has over 8,000 reviews and a score of 4.5 stars out of 5 stars on Trustpilot. Send Bluevine an email or chat with a Bluevine representative online on Bluevine's Contact Us page.
🟦 Official Source: Trustpilot for Bluevine with Great Ratings.
#8 Bluevine is FDIC-Insured up to $3 million. I think that means if you’re like Graycare LLC and own less than $10,000 and a calamity happens, I think you are good.
🟦 Official Source: Bluevine and Coastal Community Banks Have Your Back.
#9 Up to five sub-accounts. Bluevine is one of the only business checking accounts that allows up to five sub-accounts with unique account numbers. Only your main account can be linked to the Bluevine Debit Card, but each sub-account has a unique account number. So to stay organized, you can give different account numbers to different customers. Sub-accounts make it easier to manage the cash flow, yes the inflow and outflow of your account cash.
***Sub-accounts is the winning feature by Bluevine. Lots of LLCs decide to use Bluevine Business Checking for their business - just because of Bluevine’s sub-accounts feature. Do you like tracking expenses, budgeting for payroll, planning ahead for taxes, and saving up a stockpile of cash for emergencies and fancy purchases?***
🟦 Official Source: None.
#10 Automated payments. When you have a regular expense that you pay every month on time… Or when you want to balance cash between Bluevine sub-accounts… Then that’s a perfect time to set up your first automatic cash transaction.
🟦 Official Source: None.
#11 International transactions. To send money abroad in 32 countries, Bluevine takes a flat $25 fee plus an additional 1.5% if the cross-border transaction also requires converting foreign currency (€EUR, MX$, CN¥, IND₹upee) into United States Dollars ($USD). The cross-border, cross-currency transaction completes as fast as 24 hours with Bluevine.
🟦 Official Source: Send International Payments with Bluevine
#12 Integrations with other apps. Bluevine offers accounting, payment processing, ecommerce, and operations integrations with well-known third-party financial apps. Bluevine is best friends for payment processing with Square with Gusto, but Bluevine and Zelle don’t process payments together. Rumor has it, Quickbooks accounting might be double-booking both Bluevine and Novo. We all know Cash App, Wave, Wise have been seen processing payments all around town, including with Bluevine.
🟦 Official Source: Connecting Financial Apps with Bluevine
Graycare is not a financial expert.
Graycare is not a lawyer.
Bluevine Business Checking is great for small cash LLCs slow to start, because month-to-month you can earn 2.0% APY.
When anxious about small amounts of money in the $100s and $1,000s, then reaching Bluevine’s monthly activity goal makes earning 2.0% APY feel that much sweeter.
It turns early beginnings into a cash flow.
