If you have a small business or would like to start one it is essential to have a business bank account. Having a separate bank account for your business will allow you to manage your finances and grow your business to it’s full potential.
So what are the next steps as a small business owner? Whether you’re just getting started or you’re already a well-established business owner looking for ways to earn more savings, there are many decisions you have to make. Finding the right bank for your business can be a difficult task. Each bank offers a different set of features, fees, and fine print.
We have reviewed all the different banks and have come up with a list of the best banks for your small business. Keep reading to see our complete list of Best Banks for Small Businesses in 2019.
If you are also interested, be sure to check out our list of Featured Business Checking Bonuses for more ways to save and earn money for your business!
Best Banks for Small Businesses
Finding the right bank account for your business should take extensive time and research. Starting your own business is not an easy task and selecting the right bank that fits your financial needs is very important. We have taken the time to select and accumulate a list of notable banks that are great for small businesses. Keep reading to see why each bank made our list.
Chase Bank
Chase Bank is a nationally recognized bank that serves nearly half of America’s households. Most of these accounts are personal or consumer accounts but that is not everything Chase provides. Chase offers a nice range of business accounts with generous account features and benefits.
Chase Business Checking Accounts
There are three business checking accounts that Chase offers: Chase Business Checking , Chase Performance Business Checking® or Chase Platinum Business CheckingSM. Keep in mind that whichever account you like, there is no monthly fee as long as you maintain a $1,500 minimum balance. If you are interested, check out our review for the Chase Business Checking Account!
Chase Lending
If a business loan is something you are looking for, you should definitely look into Chase Bank. If you qualify, you could get loans ranging anywhere from $10,000 to $500,000. They offer a variety of loan options for small business owners, such as lines of credit, commercial real estate loans, term loans, or SBA loans.
Chase Business Credit Cards
Chase also has a great selection of Business Credit Cards. For example, with the Chase Ink Business Cash℠, you get a $500 bonus after spending $3,000 within the first 3 months! Click the link to find out more about Chase Credit Cards.
Bank of America
Bank of America has supported more than 3 million small business owners. With that much experience, you are ensured to be in good hands. Also, Bank of America specializes in financing and assisting businesses in the healthcare industry so be sure to check them out if you are in this field!
Bank of America Business Checking Accounts
Bank of America offers two checking accounts for businesses: the Business Fundamentals account and the Business Advantage account. Each account has unique features and you will be able to find one that fits your business needs. There are a list of account features such as free cash deposits, free mobile and online banking, and business and employee debit cards. There is also no monthly fee as long as you meet certain requirements, such as maintaining a monthly balance above $5,000 and a minimum daily balance of $3,000.
If you are interested in Bank of America be sure to check out our complete list of Bank of America Bonuses!
Bank of America Lending
Bank of America offers traditional bank financing, like secured business term loans and lines of credit. Also with Bank of America, you can get long-term financing at a low rate.
Bank of America Credit Cards
Bank of America also has a great selection of Business Credit Cards. For example, with the Cash Rewards for Business Card, you get $200 statement credit as long as you spend $500 in the first 2 months.
Capital One
Capital One has a very large consumer base and a great choice for small business owners. Their financial management tools are great for new business owners. Here are the reasons as to why we like Capital One.
Capital One Business Checking Accounts
Capital One has two checking accounts for business owners: the Spark Business Basic Checking and the Spark Business Unlimited Checking. These accounts have great features such as unlimited transactions each month, free online and mobile checking, free debit cards, and no monthly fee as long as you maintain an average balance of $2,000. For more information or if you are interested about Capital One, you can check out our list of Capital One Bonuses!
Capital One Lending
There are a variety of Capital One small business loan options. For example, you could get an equipment or business auto loan, business installment loan, or SBA loan. They’re sure to meet any financing or loan need to help your business reach it’s full potential.
Capital One Credit Cards
Capital One also has a great selection of Business Credit Cards. For example, with the Capital One® Spark® Cash, you get $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening! Be sure to click the link to find out more about Capital One Credit Cards!
BBVA
BBVA offers small businesses free checking with a secured credit card, no minimum balance, and generous lending practices. The bank has a number of different loans available for small business clients, like secured and unsecured, SBA Express-eligible lines of credit, short- and mid-term, and commercial real estate.
BBVA Business Checking Accounts
There are three types of Business Checking Accounts BBVA offers: ClearConnect℠, ClearChoice℠, and ClearChoice℠ Premium. ClearConnect℠ allows you to select two premium features at no additional cost to customize your account to fit your needs. If you are interested, be sure to check out or reviews for BBVA Checking Accounts!
BBVA Lending
BBVA was the SBA’s top lender in 2015. If you are in need of a business loan, BBVA should be at the top of your list.
Conclusion
Starting a business is no easy task. Getting started with the right business bank account that fits your needs is essential to the success of any business. If you liked our list be sure the check out these banks to find out more, and to see if these banks are the next step in the right direction for your business.
Don’t forget to check out our list of Featured Business Checking Bonuses! For more information, you can also check out our list of Bank Bonuses when you open a new account. Depending on your needs you can find all sorts of accounts that have great account features. Additionally, you can also check out our Referral Bonuses, Bank Rates as well as our CD Rates!
| BONUS LINK | OFFER | REVIEW |
| Chase Business Complete Checking® | $300 or $500 Cash | Review |
| U.S. Bank Silver Business Checking | $900 Cash | Review |
| U.S. Bank Gold Business Checking | $900 Cash | Review |
| U.S. Bank Platinum Business Checking | $900 Cash | Review |
| Huntington Bank Unlimited Plus Business | $1,000 Cash | Review |
| Huntington Bank Unlimited Business | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Axos Bank Basic Business Checking | $400 Cash | Review |
| Axos Bank Business Interest Checking | $400 Cash | Review |
| Novo Business Checking | $40 Cash | Review |
| NorthOne Bank Account | $20 Cash | Review |
| Regions Bank Business Checking | $150 Cash | Review |
 The Ink Business Cash® Credit Card offers $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. You'll earn: • 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year • 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year • 1% cash back on all other card purchases with no limit to the amount you can earn. This card comes with no annual fee. You'll be able to take advantage of employee cards at no additional cost. |
