Best Banks for High Transaction Volumes

Learn more about the best banks for high transaction volumes. Includes frequently asked questions.

Updated on June 29th, 2020

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Businesses that process a high volume of monthly transactions, such as retail and point of sale businesses, need a checking account that is designed for high volume transactions. These accounts will provide either unlimited transactions per month, low transaction fees, or a limited number of free transactions.

Read More:

Best Banks for Online Businesses - Learn more about the best banks that are best for online businesses.

Why We Chose Citibank:

Citibank is a major consumer bank with a large global network. It is a great banking option for businesses that work internationally and it offers online banking via your web browser or through the Citibank banking app.

Citibank has flexible checking accounts that allow for high monthly transactions. They provide overdraft protection and offer low monthly banking fees.

Things to Consider When Evaluating Banks for High Transaction Volumes:

  1. Evaluate the bank's monthly service and transaction fees and check if they offer any number of free transactions.
  2. Consider the bank's online or mobile banking for ease-of-use.
  3. Make sure there are no hidden fees or limitations that the bank can use to make up for the low transaction fees.

Best Banks for High Transaction Volumes:

Our Rank





Citibank has a large global network but less U.S. branches than competing banks.


Capital One

Capital One offers several business lines of credit and loans but has a limited number of branches.


PNC Bank

PNC Bank waives monthly fees if the minimum required balance is maintained, but offers lower returns than its competitors.


Chase Bank

Chase Bank has advanced mobile banking and over 5000 locations, but it has high monthly checking fees.


Popular Bank

Popular Bank offers good rates and strong customer support, but it has no physical locations.


Santander Bank

Santander Bank offers free mobile banking and multiple ways to waive your monthly service fees, but it has high fees for out-of-network ATM usage.


New Mexico Bank & Trust

New Mexico Bank & Trust only serves New Mexico and has a limited number of branches. However, they offer low monthly service fees as well as free online and mobile banking.


What are the best banks for high transaction volumes?

What percentage of transactions are digital?

U.S. e-commerce sales reached 14.3% of the total retail sales for 2018.

What are suspicious transactions?

Suspicious transactions usually involve unusually large cash deposits involved in money laundering.

Can another bank see your transactions?

While banks cannot see your individual transactions with another bank, they can see that you have an account with a specific bank.

Which bank has the highest mobile deposit limit?

Capital One has the highest mobile deposit limit at $5,000 per day and up to $250,000 in checks deposited over 20 business days.

Popular Bank also has a high mobile deposit limit at $5,000 per day and $15,000 per month.

What is the limit for mobile deposits?

  • Citibank: $1,000 per day; $3,000 per month.
  • Capital One: $5,000 per day; $250,000 over 20 business days.
  • Chase Bank: $2,000 per day; $5,000 per month.
  • Popular Bank: $5,000 per day; $15,000 per month.
  • Santander Bank: $1,000 per day; $3,000 per month.