Checking accounts, savings accounts, certificates of deposit, credit cards, lines of credit, loans, merchant services and payroll services
None
$25
$10 Waived with a $500 minimum daily balance or $1,000 average ledger balance.
Wells Fargo has a strong nationwide presence, making it a great choice for businesses wanting regular access to physical branches and ATMs. You can explore a wide range of small business solutions, including checking, savings, lines of credit and credit cards. Wells Fargo is also one of the country’s leading SBA lenders.
Note that Wells Fargo’s basic business checking account charges a $10 monthly service fee, but it can be waived if you maintain a daily balance of $500 or an average ledger balance of $1,000.
Read our full Wells Fargo review.
Here are some of Wells Fargo’s business banking requirements:
Checking accounts, lines of credit, credit cards and automated bill management systems
1.30% APY is 1.30% on balances up to $250,000 for Bluevine’s Standard account. 3.50% APY is available on balances up to $3 million for Bluevine’s Premier account, which has higher fees.
None
None
If you’re planning to open only a checking account and you want to earn interest on your funds, Bluevine could be a good fit. This online bank offers high-yield checking accounts and other business solutions to streamline your finances. Its basic checking account earns 1.30% APY on balances up to $250,000, plus unlimited transactions — all for free. Upgrading to Bluevine’s Premier checking unlocks more benefits, including 3.50% APY on balances up to $3 million.
If you need same-day business financing, Bluevine’s line of credit can deliver up to $250,000 within minutes for current customers. Otherwise, funding can take between one to three business days. Keep in mind that Bluevine has strict criteria for financing, making it less ideal for startups or low-revenue companies.
Read our full Bluevine review.
Here are some of Bluevine’s business banking requirements:
Checking accounts, savings accounts, certificates of deposit and loans
None
$100
$10 Waived with a $1,000 average daily balance.
Live Oak Bank can help stretch your cash flow with higher-than-average returns on a business savings account. You can earn 3.15% APY with no minimum balance requirements or monthly maintenance fees. Although Live Oak Bank is an online-only bank with no physical branches, you get unlimited transactions at over 55,000 in-network ATMs.
If you need access to capital, Live Oak Bank is an SBA Preferred Lender, so it can process loan applications faster than non-preferred lenders. You can also explore other small business solutions, such as USDA loans, commercial loans and Live Oak Express loans for fast funding.
Read our full Live Oak Bank review.
Here are some of Live Oak Bank’s business banking requirements:
Checking accounts, savings accounts, loans, lines of credit, credit cards and merchant services
None to 0.01%; Varies by account APY earning is only available on certain accounts, including Chase Analysis Business Checking with Interest and Chase Performance Business Checking with Interest. The entry-level account, Chase Business Complete Banking, does not earn interest.
None
$15 This fee can be waived if you meet one of the qualifying criteria, including having a $2,000 minimum daily balance, $2,000 in deposits from Chase QuickAccept®, or $2,000 in eligible Chase Ink Business Card purchases in the most recent monthly billing cycle.
If you’re looking for a reputable bank with a nationwide presence to streamline your accounts and apply for financing, Chase Bank could be a good fit. Financing options include business term loans, lines of credit, commercial real estate financing and SBA loans. As an SBA Preferred Lender, Chase can process and fund SBA loans in as little as two weeks, while non-preferred lenders may take up to two months or longer.
Chase also offers business checking and savings accounts, credit cards, investment services and payment solutions — and establishing a banking relationship can help you secure competitive rates on loans and lines of credit.
Read our full Chase Bank review.
Here are some of Chase Bank’s business banking requirements:
Checking accounts, savings accounts, loans, lines of credit, credit cards and merchant services
None
None
$15 Waived if you keep an average balance over $2,000 for the prior 30 or 90 days.
Capital One ranked highest for customer satisfaction in the J.D. Power 2024 U.S. Small Business Banking Satisfaction Study, making it our top choice for customer service. Support is available by phone, in the mobile app or by visiting a branch.
If you want a one-stop solution for all of your business needs, Capital One offers checking, savings, lines of credit, loans and more. However, it’s important to note that Capital One has limited branch locations and if you’re interested in business financing, you’ll need to apply in person.
Read our full Capital One review.
Here are some of Capital One’s business banking requirements:
Checking accounts, savings accounts, certificates of deposit, loans, lines of credit, credit cards, payroll solutions and merchant services
None
$100
$16 Waived if you keep a balance over $5,000, use your debit card to make $500 in new purchases or are a Preferred Rewards member.
If you want to earn rewards for conducting everyday business, Bank of America is one of your best options. By opening a business checking account, you’re eligible to enroll in Bank of America’s Preferred Rewards for Business program. This free program offers a 0.25% interest rate discount on small business financing, $10 cashback on eligible payroll service fees and a 5% interest rate booster on business savings accounts. Plus, it allows you to waive most monthly maintenance fees.
You can also explore a range of business credit cards with Bank of America, including cards with accelerated cashback and travel rewards.
Read our full Bank of America review.
Here are some of Bank of America’s business banking requirements:
Checking accounts, savings accounts, certificates of deposit, credit cards, loans, lines of credit and merchant services
Not disclosed Truist’s Analyzed Interest Checking and Commercial Interest Checking accounts earn interest. The interest rates are not disclosed, and these accounts may be best suited for large commercial businesses.
$100
None
Truist prioritizes a company’s overall potential for growth over a lengthy business history or robust annual revenue. Because of this, Truist can be an excellent option for startup financing. Options include unsecured and secured term loans, lines of credit, equipment financing, commercial auto loans and real estate loans.
You can also use Truist for your everyday banking needs, including checking, savings, credit cards and merchant services. However, unlike some of the other banks on this list, Truist does not offer SBA loans.
Read our full Truist review.
Here are some of Truist’s business banking requirements:
American Express may not have as many small business products as other banks on this list, but the products it does have are strong. For example, American Express offers a business checking account with a higher-than-average yield plus 13 different business credit card options, many of which offer travel rewards.
However, keep in mind that American Express doesn’t have business savings accounts or standard term loans, so you’ll need to look elsewhere to fill those needs.
Read our full American Express review.
Here are some of American Express’s business banking requirements: