Best Banks for Established Businesses

Learn about the best banks for established businesses in 2019. Includes the top banks, ranked, as well as frequently asked questions.

Updated on November 12th, 2019

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Banks offer established businesses a variety of products and services to help manage cash flow, streamline payroll, and identify growth opportunities. We've put together a list of the top banks across the U.S. for those who are thinking of switching banks or simply want to open their first small business bank account.

Read More:

Best Regional Banks - Learn more about the best regional banks.

Best Banks for Online Businesses - Learn about the top banks that are most suitable for online businesses.

Best Banks for High Transaction Volumes - Learn more about the best banks for businesses that process high transaction volumes each month.

Why We Chose Chase:

Chase is a major national bank with over 5,000 locations and a huge network. This means that small business owners will have readily available access to banking support. Chase also has over 16,000 ATMs available nationwide.

Chase offers a variety of merchant services and credit card options that are available to account holders. There are also special rewards for credit cardholders. You can also access your banking information through Chase's advanced mobile banking app, which also allows you to deposit checks.

Things to Consider When Evaluating Banks for Established Businesses:

  1. Check whether the bank you want offers the banking services you will need now as well as in the future.
  2. Think about the kind of support you need and see which banks will assign you an account manager, if you need one, as well as which bank has locations near you.
  3. Make sure the bank you choose understands your business and its needs.

Best Banks for Established Businesses in 2019:

Our Rank

Bank

Review

1.

Chase

Has a vast network with many locations but also has high monthly checking fees.

2.

Axos

Offers free checking accounts and very low fees, but is an entirely online bank with no physical locations.

3.

Wells Fargo

Offers loans with low interest rates and long repayment terms but requires an excellent credit score to qualify.

4.

U.S. Bank

Offers a variety of checking options and loans with competitive interest rates.

5.

Azlo

Does not require a minimum bank balance but is an entirely online bank, so does not allow cash deposits.

6.

M&T Bank

Has higher fees than other banks but checking fees can be easily waived and it has a strong national network.

7.

Bank of America

Offers a variety of small business loans but requires the fees upfront.

8.

Capital One

Offers a variety of small business loans and financial services but there is limited branch accessibility.

9.

Citibank

Citibank has a large global network but less U.S. based locations than its competitors.

10.

Iberia

Offers a free business checking option, low fees, and advanced online banking features.

11.

SunTrust

Offers a variety of savings and checking accounts as well as good customer service.

12.

TIAA

Offers less support than bigger banks as most of its services are online but has low checking fees and good interest rates.

13.

KeyBank

Offers national coverage and low monthly fees but has expensive overdraft fees.

14.

BBVA Compass

Offers free business checking accounts but only has locations in 7 states. Accounts must be opened online.

15.

Comerica

Only offers its services in 5 states.

16.

Popular Bank

Has no physical locations but offers good rates and a dedicated customer support team.

FAQs:

What is the best bank for established businesses?

How do I choose a bank for my company?