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Bluevine

Bluevine Reviews

Flexible, tech-driven financial solutions

Written by Will Weisenfeld

About Bluevine | Read More

9.5

LS Score

Credibility

Support

Accessibility

View Rates

Opening Hours

Mon-Fri 8am-8pm EST

Sat-Sun Closed

Contact Information

Support@bluevine.com
888-216-9619
Headquarters: 30 Montgomery St, Suite 1400. Jersey City, NJ 07302
401 Warren Street Redwood City, CA 94063

Social Media

9.5

LS Score

Credibility

Support

Accessibility

View Rates

Opening Hours

Mon-Fri 8am-8pm EST

Sat-Sun Closed

Contact Information

Support@bluevine.com
888-216-9619
Headquarters: 30 Montgomery St, Suite 1400. Jersey City, NJ 07302
401 Warren Street Redwood City, CA 94063

Social Media

Bluevine Business Loans Review

Bluevine’s business loans are designed to make it easier for small and medium-sized businesses to access the funds they need to grow. Whether you’re looking for a flexible line of credit from $5,000 to $250,000 or a term loan up to $500,000 (from their network of lending partners), Bluevine has you covered. Their quick, straightforward application process doesn’t impact your personal credit, and you can access funds quickly. You can get funds deposited into your bank account as quickly as a few hours through a wire transfer. With competitive rates and predictable repayment terms, Bluevine’s loan options give business owners the financial breathing room to handle cash flow or take advantage of new opportunities easily.

Bluevine Business Loans Highlight

625

Min Credit Score

Min 7.8%

APR. Fixed Rate

$5K-$500K

Loan Amount

Up to 24 months

Repayment terms

Yes

Soft Credit Pull

Direct

Lender Type

None

Other Fees

None

Origination Fee

None

Prepayment Fee

24 Hours

Funding Time

$120K

Annual Revenue

12+ Months

Time in Business

Pros & Cons

Fast approvals and funding
No origination or prepayment fees
Fair credit accepted
Flexible credit limits

High estimated interest rates
Not available in all states
$10,000 monthly revenue to qualify
Term loans are managed by partner lenders, not Bluevine

Business Loan Types

Business Line of Credit
Term loans

View Rates

Bluevine Business Loans Terms & Requirements

Bluevine’s business loans come with straightforward terms and flexible requirements designed to meet the needs of small and medium-sized businesses. Bluevine offers credit limits from $5,000 to $250,000 with repayment terms of either 6 or 12 months. Interest rates start at 7.8% simple interest for top qualifying customers, though the actual rate will depend on the creditworthiness of the business. There are no origination or prepayment fees, and you only pay interest on the funds you use.

To qualify for the weekly repayment plan (weekly installments up to 26 weeks), businesses must be a corporation or LLC with:

a minimum credit score of 625
at least one year of operation
$10,000 in monthly revenue
no bankruptcies

To qualify for the monthly repayment plan (monthly installments over 12 months), businesses must be a corporation or LLC with:

a minimum credit score of 720
three years minimum of operation
$960,000 annual revenue ($80,000 monthly)
no bankruptcies

Bluevine’s application process is simple and fast, with approvals often within minutes and funding available as quickly as the next business day. However, eligibility is limited to corporations and LLCs, and loans are not available in every state. Bluevine does not offer business loans in Nevada, North Dakota, South Dakota, or the U.S. territories.

How to Apply

Here’s what to expect when applying for a Bluevine line of credit:

The application process is fast and simple, taking less than two minutes to complete, and won’t affect your credit score.

Once approved, you can access funds in as little as 24 hours. You’ll immediately gain access to your Bluevine dashboard, where you can easily manage your loan, draw funds, and schedule payments. Your line of credit replenishes as you repay, giving you ongoing access to capital to support your business whenever needed.

After selecting “Start Application”, we were taken to the initial application screen.

Step 1: Enter business information

Here you’ll need to provide your business’s name, address, and tax ID/EIN. You’ll also need to declare the annual revenue and disclose any info about existing financing.

Step 2: Enter personal information

Answer a few personal questions so Bluevine can perform a soft credit check. You’ll need to provide your:

Full legal name
Address
Phone number
Date of Birth
Social Security number
Percent of the business that you own
Information about any beneficial owners of your business

Step 3 :Connect your business bank account.

You’ll need to use Plaid to connect your business bank account to Bluevine. Plaid is a tool that securely connects platforms with financial services and institutions.

At this point, you can apply for a loan.

Step 4: Verification

After applying, you will receive an email confirming that your application was submitted successfully and another email with updates about the application status. If Bluevine needs any other information, you can submit it via the digital dashboard.

Bluevine has higher interest rates attached to its lines of credit, but it’s easy to see why the product is so popular with small businesses. The application process is brilliantly streamlined, and the accounting software integration makes applying for business funding very straightforward.

Qualification Requirements

These are the minimum qualifications to qualify for a business loan with Bluevine:

$10,000 in revenue per month / $120,000 per year
625+ personal FICO score
Be in business for at least 12 months

Bluevine does not offer loans for the following industries:

Illegal gambling
Pornography and paraphernalia
Political campaigns
Firearms and paraphernalia
Controlled substances like cannabis, hemp, and associated paraphernalia
Financial institutions and lenders (including insurance, penny auction companies, and cryptocurrency)
Auto dealerships

Required Information

Here’s a rundown of the basic information you’ll need to provide when applying for a Bluevine line of credit or term loan with one of its network partners:

Business name
Business address
Tax ID/EIN
Annual revenue amount
Disclose any existing financing
Bank account information through Plaid
Full legal name
Address
Phone number
Date of Birth
Social Security Number
Percent of the business that you own
Information about any beneficial owners of your business

Application Steps & Time Frames

Applying for a business line of credit with Bluevine takes just minutes, and its application process could be argued to be the best in class. The integration with Plaid is seamless, and a decision is returned quickly. Once approved, funding can be made available in hours via wire transfer (a $15 charge) or for free within 24 hours via ACH transfer. If you have a Bluevine Business Checking account, the process is even quicker.

Overall, the application time frames are much quicker than the industry average.

State Availability

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

Not Available - Nevada, North Dakota, South Dakota

Bluevine Online Banking Review

Bluevine’s online business banking offers small and medium-sized businesses a flexible, high-yield checking account with unlimited transactions and the ability to have monthly fees waived. With easy online access, business owners can manage their finances and automate payments. Bluevine’s convenient dashboard platform provides seamless integration with other financial tools, making it simple to handle cash flow, track expenses, and maximize savings.

Bluevine Online Banking Highlight

No minimum

Min Deposit

MoneyPass & Green Dot Networks

ATM Network

Yes

Other Fees

Business Online Banking

No minimum

Min Deposit

2.00-4.25%

Min APY Business

Pros & Cons

Up to 4.25% APY on account balances up to $3,000,000
No minimum deposit and maintenance fee waiver
No insufficient fund fees or ATM fees

Customer support only available during set business hours
$4.95 fee for cash deposits at Green Dot locations
No physical banking locations

Account types

Business Checking

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APY's

Bluevine offers different APY rates depending on the business checking plan:

Standard Plan: Earn 2.0% APY on balances up to $250,000.
Plus Plan: Earn 3.0% APY on balances up to $250,000.
Premier Plan: Earn 4.25% APY on balances up to $3 million.

To earn APY on a Bluevine Standard Business Checking account, you must meet at least one of two eligibility requirements each month:

Spend $500 using the Bluevine Business Debit Mastercard or Bluevine Business Cashback Mastercard within the monthly eligibility period.
Receive or deposit at least $2,500 from client payments via ACH, wire transfer, mobile deposit, or a merchant payment provider into your Bluevine account.

Each plan has various additional features and benefits, with higher plans offering increased APY and fee discounts. No specific conditions are needed for Plus and Premier accounts to earn APY.

Features Benefits & Rewards

Each Bluevine business checking plan is designed to scale with your business needs, offering competitive rewards and flexible features.

Standard Business Checking Account

Features:

No monthly fees or minimum balance requirements
Unlimited transactions with no hidden fees
Free standard ACH transfers

Benefits:

Earn 2.0% APY on balances up to $250,000 upon meeting eligibility requirements
Free access to a network of 37,000+ MoneyPass ATMs
Secure online banking with two-factor authentication

Rewards:

Cashback on select purchases made with the Bluevine Business Debit Mastercard

Plus Business Checking Account

Features:

All features of the Standard plan, plus additional perks
Up to 3.0% APY on eligible balances
20% discount on fees for certain services
5 free checks per month

Benefits:

Priority customer support and faster fund transfers
Access to a greater range of financial management tools
Increased FDIC-insured coverage up to $3 million

Rewards:

Enhanced cash back on purchases and lower payment fees, maximizing savings for your business

Premier Business Checking Account

Features:

All features of Plus, with even higher yield and benefits
Highest available APY (4.25%) on balances up to $3M
50% discount on fees for certain services
Extended customer support options
20 free checks per month
Treasury investment services available

Benefits:

More substantial fee waivers on services and wire transfers
Advanced reporting and accounting features for larger, more complex businesses

Rewards:

Highest cash-back rates on purchases made with the Bluevine Business Debit Mastercard
Additional perks through Mastercard, including travel and business service discounts

Account Types

Blueline offers 3 different business checking accounts. Banking services provided by Coastal Community Bank, Member FDIC.

Account Type	Key Features	Bonuses
Standard Business Checking Account	No minimum balance No monthly fee No overdraft fee Unlimited transactions with free ACH transfers Free Bluevine Business Debit Mastercard Cash deposits can only be made at Green Dot and Allpoint retail locations (fees apply) Free withdrawals at MoneyPass ATMs Sub-accounts available	Earn 2.0% APY on balances up to $250,000 if eligibility requirements are met
Plus Business Checking Account	Same features as standard account plus: $30 monthly fee (waived upon meeting certain conditions) Bluevine credit card is available 20% off certain standard fees 5 free checks per month	Earn 3.0% APY on balances up to $250,000
Premier Business Checking Account	Same features as Plus account and includes: $95 monthly fee (waived upon meeting certain conditions) 50% off certain standard fees 20 free checks per month Priority customer support Access to investment services	Earn 4.25% APY on balances up to $3,000,000

Bluevine also offers other benefits. Here’s a high-level overview:

Multiple Debit Cards For Authorized Users

Bluevine clients can issue up to four additional debit cards for authorized Bluevine business checking account users directly from the Bluevine dashboard. Debit cards can be issued to both new and existing authorized users.

Admins can manage multiple debit cards from their main dashboard and receive email communications for every stage of the debit card flow. They will also be provided with enhanced details for debit card transactions, including the transaction initiator.

Bluevine Business Cashback Mastercard

The Bluevine Business Cashback Mastercard is the business credit card that fuels your success. Earn unlimited 1.5% cash back on every business purchase and pay no annual fee. Manage your Bluevine business credit card and Bluevine Business Checking account—all from the same dashboard. Purchases will also be applied to the business checking APY qualifications.

Automatic transfers with sub-accounts

Bluevine has Sub-Accounts to aid customers in managing their finances and improving their budgeting. Business owners can create up to 5 sub-accounts in addition to their main account, bringing the total number of accounts to 6. Manage cash flow with automatic transfers among your main account and its sub-accounts based on the rules you set.

Automatic transfers ensure strong control over your business’s cash flow and allow you to adequately separate money based on customized rules. These sub-accounts enable businesses to divide their incoming and outgoing funds for various purposes, such as taxes, payroll, and profits. Each sub-account can be used with direct ACH/wire transfers and dedicated checks. Furthermore, funds held in all sub-accounts are eligible to earn interest.

Easy cash deposits and withdrawals

Withdraw cash from your Bluevine account with no fees at more than 37,000 MoneyPass® ATMs

Deposit cash to your Bluevine account at 90,000+ Green Dot retail locations or over 1,500 Allpoint+ ATMs

Green Dot	Allpoint
90,000+ retail locations	1,500+ ATMs
$4.95 fee per deposit	$1 fee per deposit + 0.5% of deposit amount
$2,000 daily limit, $7,500 30-day limit	$5,500 daily limit, $7,500 30-day limit

Bluevine Business Banking allows businesses to send payments to 32 countries in 15 currencies. Accounts can also receive payments in 39 major currencies and receive funds in USD. The pricing structure is simple and upfront, aimed at helping businesses avoid unpredictable bank fees on international payments. Payments can be easily sent worldwide from the Bluevine dashboard, with international payments sent out every business day between 8 am-5 pm ET, and can be received in as fast as 24 hours. The countries that payments can be sent to include the United Kingdom, China, Mexico, Canada, India, Israel, Japan, and several European countries. For payments sent in USD, the fee is $25 per payment, while for payments sent in foreign currency, the fee is $25 plus 1.5% of the payment.

Bluevine Business Checking accounts will automatically be eligible for FDIC insurance up to $3 million through Coastal Community Bank, Member FDIC, and their program banks. Bluevine Business Checking account deposits will be spread across multiple banks, including their primary banking partner, Coastal Community Bank, and a trusted network of program banks. Balances will not exceed $250,000 at any one bank, so your deposits will be FDIC-insured up to $3 million. Customers can see exactly where their money is on their monthly statements. Their program banks are all part of IntraFi’s sweep network. For further information, visit: https://www.bluevine.com/business-checking/fdic-protection

Opening an Account With Bluevine

Applying for a Bluevine Business Checking account is fast, secure, and straightforward. Whether you’re a sole proprietor, part of a partnership, or running a corporation, Bluevine’s easy-to-use platform allows you to open a business checking account in just a few minutes.

Opening a Bluevine Business Checking account is a quick and straightforward process.

First, select your business entity type—whether you’re a sole proprietorship, corporation, LLC, or partnership.
From there, provide basic information about your business and submit any required documentation.
Provide personal information
Upload any other requested documentation

The entire application is completed online, and once approved, you’ll have immediate access to your account. Manage your finances and earn interest right away. This is an efficient option for busy business owners.

State Availability

- Available in all states

Written by Will Weisenfeld

Will is an expatriate from Arizona, USA, who studied Political Science at Arizona State University. As a passionate personal finance enthusiast, he combines his expertise with a keen interest in current events to create engaging and insightful financial content. Outside of his professional pursuits, Will enjoys the nostalgia of old-school video games, adding a unique touch to his multifaceted profile.

FAQ’s

How long does it take for my funds to be available after I deposit my checks?

Funds become available between 1 to 6 business days after the deposit is made. Customers can’t cancel the deposited check once the depositing process has begun.

Is my account FDIC insured?

Yes, all deposits are FDIC insured up to $3,000,000 per depositor through Coastal Community Bank.

How do I send and receive money with my Bluevine account?

There are several options for sending and receiving money. Vendors can be paid through ACH or domestic wire transfer. Deposits can be made through a mobile check deposit or a transfer from an external bank account. Outgoing wire transfers are also available.

Customer Support

Bluevine offers customer support via live chat or a toll-free phone call available Monday through Friday from 8 a.m. to 8 p.m. ET, and via email or its Help Center during other hours. Customers can also access self-guided resources and articles for assistance.

We inquired via email about opening a business checking account and heard back from Bluevine within two hours.

Bluevine representatives are human beings, not bots. We called customer service, and after making just two menu choices, we were connected with a live representative.

Overall, online customer reviews tend to be mixed. Bluevine has a 4.3/5 star rating on Trustpilot with over 8,100 reviews. They have an A+ accreditation with the Better Business Bureau, but only 1.12/5 star rating on the platform.

Privacy & Security

Bluevine takes privacy and security seriously, using advanced encryption and two-factor authentication to protect personal and business information. They are transparent about safeguarding customer data and ensuring only authorized individuals can access sensitive details. As a financial technology company, Bluevine partners with Coastal Community Bank, Member FDIC, and other banks in the “sweep network,” ensuring that deposits are FDIC-insured up to $3 million instead of the standard limit of $250,000. Their privacy policy and security measures outline strict protocols for handling personal data, and they are subject to regulatory oversight to maintain high standards of protection and compliance. Bluevine is known for its strong reputation in safeguarding customer information.

In Conclusion

Bluevine is a financial technology company that focuses on providing small and medium-sized businesses with flexible, tech-driven banking solutions. Its major selling points include no monthly fees for its standard business checking account plan, competitive interest rates, seamless integration of banking and lending, and fast, easy access to capital. They also offer a credit card for customers with a Bluevine Checking account.

Bluevine’s user-friendly platform and personalized customer support set it apart from traditional banks. However, the lack of physical branches, limited cash deposit options, and some fees for upgraded plans and services may be drawbacks for businesses that need in-person banking or handle a lot of cash transactions.

Brand Disclaimer

Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC. Bluevine accounts are FDIC insured up to $3,000,000 per depositor through Coastal Community Bank, Member FDIC and our program banks. The Bluevine Business Debit Mastercard® and Bluevine Business Cashback Mastercard® are issued by Coastal Community Bank, Member FDIC pursuant to a license from Mastercard International Incorporated and may be used everywhere Mastercard is accepted. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.

Mastercard, Mastercard Easy Savings, Mastercard Airport Concierge, Priceless Surprises and the circles design are registered trademarks and Mastercard ID Theft Protection is a trademark of Mastercard International Incorporated.

Application is subject to approval. No monthly or maintenance fees. Card Replacement Fees and Wire Transfer Fees may apply.

Banking Services for payments made via ACH or wire from the Bluevine Business Checking Account are provided by Coastal Community Bank, Member FDIC. Certain Bill Pay funds are temporarily held during payment processing by Silicon Valley Bank, a division of First-Citizens Bank & Trust Company. Money transmission services for International Payments are provided by a third party and are also subject to their applicable terms and conditions.

The Bluevine Line of Credit is issued by Celtic Bank and is serviced by Bluevine. Applications are subject to credit approval. Rates, credit lines, and terms may vary based on your creditworthiness and are subject to change. Additional fees apply. Other commercial credit products are offered by a variety of Bluevine’s third party partners. Bluevine is not involved in the issuance or servicing of these products. Offerings and eligibility requirements vary by partner.

Certain financing may be made or arranged pursuant to California Financing Law-License No. 6054789.

All other product names, logos, brands, trademarks, and registered trademarks are property of their respective owners. All company, product, and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.