How Do I Use Bluevine Business Checking Sub-accounts?

As a Bluevine Business Checking customer, you can open up to five sub-accounts–six accounts total–to help you and your business budget, manage expenses, and separate cash-flows. Sub-accounts have dedicated account numbers¹ so you can control which accounts your venders, suppliers or contractors can bill. There are no minimum balance requirements, no monthly or overdraft fees, and unlimited transactions². Additionally, eligible customers can earn 1.5% interest on balances up to and including $100,000 cumulatively across all accounts³.

Sub-account Features 

Sub-accounts have access to most of the features that are available to you as a Bluevine Business Checking customer. You can send payments–Bill Pay via wire, ACH, check–and receive payments into your sub-accounts. However, you can only order a debit card for your main Business Checking account. As such, it is not recommended to open a sub-account if you intend to use it to make purchases via a debit card.

Below you will find a table that outlines the features of Bluevine Business Checking accounts and sub-accounts:

Feature	Bluevine Business Checking Account	Sub-accounts
Debit Card	Yes	No
Incoming ACH / Outgoing ACH	Yes	Yes
Incoming Wire / Outgoing Wire	Yes	Yes
Incoming Check / Outgoing Check	Yes	Yes
Bill Pay / Payments	Yes	Yes
Earn Interest3	Yes	Yes
Cash Deposits	Yes	No

Opening a Sub-account

Please follow the steps below to set up a sub-account:

1. Sign in to your Bluevine Dashboard⁴.
2. Navigate to Checking within the left-hand menu.
3. Click the drop-down arrow under the account box at the top.
4. Select Add sub-account.
   
   
5. Review the sub-account features and select Next once you’re done.
6. Confirm details for the purpose of the sub-account.
7. Create a nickname for the sub-account.
8. Check the box to confirm that your Beneficial Ownership Information is up to date.
9. Click Add sub-account.
   
10. Click Done on the account ready screen.
11. Click Done on the “New sub-account has been added successfully” screen.

If you no longer need your sub-account, you can close it without closing your main Bluevine Business Checking account. Any active sub-accounts will automatically be closed if you close your main account. We recommend you transfer any money out of the sub-account you wish to close. Once the sub-account is empty, contact support, and we’ll be happy to initiate the closing process.

Sending Payments from Sub-accounts

You can send payments using the funds from your sub-accounts to payees you have added by clicking the Send Payment button in your Checking Tab. Once you’ve selected a Payee, you can choose which account or sub-account you would like to send the payment from on the Pay From dropdown.

Navigating Between accounts

Once you have added a sub-account, you can navigate between your accounts in the Checking Tab of your Dashboard. Just click on the card of the account you would like to view. You can view account details and update the nickname of your sub-accounts from this screen.

Transferring Money Between Accounts

You can instantly transfer money between your Bluevine accounts by selecting the Transfer Money button on the Checking Tab. From there, you can choose your main Bluevine Checking account and sub-accounts as the “Transfer To” and “Transfer From” as you see fit.  Transferring money between your Bluevine accounts is instant. Transferring money to an external bank account (non sub-accounts) is subject to a normal processing time of 3-5 business days. Your main checking account will appear as “Bluevine (xxxx)” and your sub-accounts will appear as their nicknames (example: “Payroll (xxxx)”)

Ordering Checkbooks for your Sub-accounts

As a Bluevine Business Checking customer, you can order up to two free sets of 100 standard checks for your business per year. Note: the free checkbook limit applies at the business level. You can order a total of two free checkbooks per year across your main account and sub-accounts.

For more information on ordering checks for your sub-account, visit our How do I order checkbooks? article. 

Statements for your Sub-Account(s)

You can view and download statements for each open account by navigating to Documents and the Statements tab on your Bluevine Dashboard. Use the drop-down Account menu to select which account you would like to view or download a statement for.

Frequently Asked Questions:

Is there Mobile App support?

At this time, sub-account features are only available on the desktop, or mobile browser version of the Bluevine experience. We are working to make mobile app support available very soon! 

What are sub-accounts typically used for?

Sub-accounts are a great feature that allows you to budget, manage expenses, separate business cash flows, or control employee spending. For example, you could have a separate sub-account for payroll and tax savings. 

How does interest work if I have sub-accounts?

The total balance of your Bluevine Business Checking account and sub-accounts will contribute toward the interest earned, up to a total balance of $100,000 per business. Interest earned will be deposited into your main Bluevine Business Checking account. You will need to meet at least one of the following monthly eligibility requirements to earn 1.5%:

• Spend $500 per month with your Bluevine Business Debit Mastercard®^{5 6}, which you can use everywhere Mastercard® is accepted.
• • Note: As you cannot order a debit card for sub-accounts, this eligibility requirement only applies to your main Bluevine Business Checking account. 
• Receive at least $2,500.00 per month in customer payments⁷ into your Account or sub-accounts in a calendar month. Please refer to our Interest on Your Bluevine Business Checking Account Balance article for more information on qualifying customer payment types.
  

What happens if I close a sub-account?

If you no longer have use of your sub-account, you can close it without closing your main account. Just ensure you transfer all of the money out of the account before contacting support to close it. 

Can I order a debit card for a sub-account?

We do not support a Bluevine Debit Mastercard®⁴ for sub-accounts. However, you are issued a debit card for your main Bluevine Business Checking account.

 

1 Customers will receive a Bluevine Business Debit Mastercard only for use with the main Bluevine Business Checking account.
2 No limit on number of transactions. However, all accounts are subject to the aggregated monthly deposit and withdrawal amount limits of the Account Agreement.
3 Customers will earn 1.5% interest on total balances up to and including $100,000 only if they meet the monthly debit transaction or deposit requirements described in section M of the Account Agreement. No interest earned on balances over $100,000. Any interest accrued and payable for an Account or Sub-Account will be paid to your main Account.
4 Sub-accounts can only be opened on the desktop or mobile browser version of the Bluevine Dashboard experience.
5 The Bluevine Business Debit Mastercard® is 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.
6 Debit transactions must post to your account before the end of the month to qualify toward that month’s eligibility requirement.
7 Qualifying transactions only include business deposits such as mobile deposits of customer checks and customer payments transferred via ACH, wire, or from payment processing providers. These transactions must post to your account or Sub-Accounts before the end of the month to qualify toward that month’s eligibility requirement. Transactions that do not qualify include, but are not limited to, cash deposits. Some requirements may not be enforced as of May 1, 2022. Subject to change.