Running a business involves more than selling products or providing services. You also need a reliable way to receive payments, pay bills, manage expenses, and keep track of your money. A business bank account can make these everyday tasks much easier. First Horizon Bank offers several business checking accounts that may be worth considering if you want to manage your company’s finances in one place.
Before opening an account, it is important to understand the available options, monthly fees, balance requirements, and banking features. This guide explains what business owners should know about First Horizon business accounts in 2026 and how to decide whether one is right for their needs.
What Is a First Horizon Business Account?
A First Horizon business account is designed to help businesses manage their daily financial activities. You can use a business checking account to receive payments from customers, pay suppliers, deposit checks, and cover regular operating expenses.
One of the biggest advantages of having a separate business account is that it keeps company money apart from personal spending. This makes it easier to review transactions, organize receipts, and prepare financial records when tax season arrives.
First Horizon offers different business checking options to accommodate businesses with varying financial needs. Some accounts are better suited to everyday transactions, while others provide additional capacity or the opportunity to earn interest on eligible balances.
The best choice depends on how your business operates and how much money typically moves through your account each month.
Types of First Horizon Business Accounts
BizEssentials Checking
BizEssentials Checking is an option for business owners who need an account for everyday banking. It may be suitable for smaller businesses that want to receive payments, make purchases, and manage routine expenses without needing a more advanced checking product.
For example, a freelancer, local service provider, or small online business may benefit from having a dedicated account for business income and expenses.
Before choosing this account, review its current fees, opening deposit requirements, and transaction limits. These details can help you determine whether it offers enough flexibility for your business.
BizEssentials Plus Checking
Businesses that handle frequent payments or larger transaction volumes may want to consider BizEssentials Plus Checking.
First Horizon lists a monthly maintenance fee of $15 for this account. However, eligible customers may avoid the fee by meeting certain balance requirements. The published options include maintaining an average daily ledger balance of at least $10,000 or an eligible combined balance of $25,000.
The account also includes no fee on the first 500 transactions and no fee on the first $10,000 deposited in coin and currency, according to the bank’s published information.
These features may be useful for businesses that regularly receive payments, deposit cash, or pay multiple suppliers. Still, it is worth checking the current account terms to understand which transactions count toward the included allowance and what happens when you exceed it.
BizEssentials Interest Checking
If earning interest on your business checking balance matters to you, BizEssentials Interest Checking may be another option to explore.
This account is designed for businesses that want checking services while earning interest on eligible balances. First Horizon lists a $15 monthly maintenance fee, along with a fee-waiver option for customers who meet the applicable balance requirements.
The account’s published features include no fee on the first 250 transactions and no fee on the first $10,000 deposited in coin and currency.
Keep in mind that interest earnings depend on the applicable rate and your account balance. Rates can change, so compare the latest terms with the monthly fee before deciding whether this account makes financial sense for your company.
First Horizon Business Account Fees
Fees are an important part of choosing a business bank account. An account might offer useful features, but regular charges can become expensive if you do not understand the terms.
First Horizon lists a $15 monthly maintenance fee for BizEssentials Plus Checking and BizEssentials Interest Checking. Depending on the account, you may qualify for a waiver by maintaining the required balance.
You should also ask about other possible charges. These may include fees for wire transfers, excess transactions, overdrafts, returned deposits, and optional banking services.
For example, a business that frequently sends wire transfers may face different banking costs from a company that mainly receives electronic payments. Looking at your normal banking activity can help you estimate the account’s overall cost.
Opening deposit requirements and other terms should also be checked before applying. Because bank policies can change, use First Horizon’s current disclosures rather than relying on older information.
Features That Can Make Business Banking Easier
First Horizon provides several banking tools that can help eligible customers manage their finances without visiting a branch for every transaction.
Online banking allows business owners to review account activity and manage supported banking tasks through the internet. This can be especially helpful when you need to check a payment or review a recent transaction.
Mobile banking makes it easier to keep an eye on your account while working away from the office. Depending on the service, you may be able to check balances and monitor transactions from a compatible mobile device.
Mobile check deposits can save time by allowing eligible customers to deposit supported checks using a mobile device. Deposit limits and other restrictions may apply.
Online Bill Pay helps businesses manage eligible bill payments electronically. It can be useful for keeping regular expenses organized and reducing the need to handle every payment manually.
Business debit cards provide a convenient way to pay for eligible company purchases directly from the business account.
Some First Horizon business checking options also offer ACH payment services for eligible payroll and vendor payments. These services can be useful for companies that need to pay employees or suppliers electronically.
Not every service is necessarily included at no extra cost. Check the current account terms to understand any enrollment requirements, transaction limits, or additional fees.
Who Can Open a First Horizon Business Account?
Eligibility depends on the account you choose and the details of your business.
For its online small-business account application, First Horizon states that applicants must be at least 18 years old and U.S. citizens. The bank may request personal identification, taxpayer information, business details, and information about the company’s owners.
You may need a government-issued photo ID, Social Security number, Employer Identification Number (EIN), contact information, and details about the people who own or control the business.
Additional documents depend on your company’s legal structure. An LLC may need its articles of organization, while a corporation may be asked to provide articles of incorporation. Partnerships and other business structures can have different documentation requirements.
Some businesses may also need to provide a business license or other supporting paperwork.
If you are unsure whether your business qualifies for online account opening, contact First Horizon before starting the application. The bank can explain which documents you need and whether you must apply in person.
How to Open a First Horizon Business Account
Opening a business checking account is generally straightforward when you prepare the necessary information in advance.
Start by visiting First Horizon’s official website and reviewing its available business checking accounts. Compare the monthly fees, transaction allowances, balance requirements, and services included with each option.
Next, choose an account that fits your business. If you handle only a small number of transactions each month, you may not need an account designed for higher transaction volumes. On the other hand, a growing company may benefit from additional transaction capacity or payment services.
Gather your identification and business documents before beginning the application. Make sure the information you provide is accurate and consistent with your official records.
If your business meets the online application requirements, complete the application through the bank’s website. Otherwise, contact First Horizon or visit a banking center for assistance.
Once your account is approved, follow the bank’s instructions to fund it and set up online banking. You can then explore available debit card and payment services based on your business needs.
For current account information, visit the official First Horizon Business Checking website.
Is First Horizon a Good Business Bank?
First Horizon may be a good option for eligible business owners who want a dedicated checking account and access to digital banking tools. Its different account options allow businesses to compare services based on transaction volume, balance requirements, and interest preferences.
BizEssentials Checking may work for businesses that need basic banking services. BizEssentials Plus Checking is worth examining if your company processes more transactions, while BizEssentials Interest Checking may appeal to owners who want to earn interest on eligible balances.
However, no single bank account is the best choice for every business. A company that keeps a high balance may have different priorities from a new business with limited cash flow.
Consider how much money you expect to keep in the account, how often you make deposits, and whether you need services such as ACH payments or wire transfers. You should also compare First Horizon’s fees and requirements with those of other banks.
Taking time to compare your options can help you avoid unnecessary costs and find an account that supports your business as it grows.
Frequently Asked Questions
Does First Horizon offer business checking accounts?
Yes. First Horizon offers several small-business checking options, including BizEssentials Checking, BizEssentials Plus Checking, and BizEssentials Interest Checking.
What is the monthly fee for a First Horizon business account?
First Horizon lists a $15 monthly maintenance fee for BizEssentials Plus Checking and BizEssentials Interest Checking. Eligible customers may qualify for a waiver by meeting the account’s balance requirements. Always confirm the latest terms before applying.
Can I open a First Horizon business account online?
Some eligible businesses can apply online. Applicants must meet the bank’s requirements and provide the requested personal and business information. Other applications may require additional assistance.
Does First Horizon provide mobile banking?
Yes. Eligible business customers can access digital banking services, which may include mobile banking, mobile check deposits, and online bill payment.
What do I need to open a business account?
You may need a government-issued photo ID, taxpayer information, business ownership details, and documents showing how your company is registered. The exact requirements depend on your business structure and application method.
Final Thoughts
A First Horizon business account can make it easier to manage company income, pay expenses, and keep financial records organized. The bank offers several checking options, giving eligible business owners a choice based on their transaction needs and interest preferences.
Before opening an account in 2026, review the latest fees, balance requirements, transaction limits, and eligibility rules. Compare the available options with your company’s normal banking activity and budget.
Choosing an account that fits your business today can make everyday financial management easier while giving you room to plan for future growth.
