There are a number of different banks available for a small business, and the best bank is often dependent on the specific requirements of your business. Here are some things to consider before choosing a bank.
Huntington National Bank
Huntington National Bank offers a variety of business products, including business checking and savings accounts, as well as credit cards. The bank’s offerings are suitable for businesses of all sizes, including startups and established firms.
With over 1,000 branches in eleven states, Huntington Bank has a nationwide presence. Customers can easily manage their account online or at a local branch.
Huntington Bank offers three checking accounts, including a free one. In addition to free online banking and bill payment, customers have access to an array of business tools. These include a Look Ahead Calendar, which helps visualize future expenses and income. It also features Cash Position and Cash Flow Forecast, which allow users to see how their cash flows are trending.
TD Bank
For a small business, TD Bank is an excellent choice. With over 1,100 locations throughout the US East Coast and Canada, TD Bank has the ability to meet your banking needs. This includes a full range of business products and services.
Besides checking accounts, TD Bank offers credit cards, business loans, certificates of deposit, and other business related goodies. The TD Bank Business Solutions Credit Card is a nice one to get started with, especially if you are looking for something with no annual fee and a few extras. It also comes with 1% to 2% cash back rewards.
BB&T Bank
If you are looking for a bank that is a full-service regional bank with a nationwide network of branches, BB&T Bank is one of your best options. It offers an extensive menu of deposit products, along with low interest rates and a wide variety of account types. Whether you need a basic business checking account or a more robust, premium option, BB&T has a plan for you.
Business checking accounts make it easier to access your cash and pay your employees, while allowing you to keep your money safe. Some banks have high fees, while others offer a low cost for businesses with fewer transactions. The decision should be made based on the financial needs of your business.
Chase
The Chase business checking account is one of the best options for small business owners. It’s easy to use, comes with a low monthly maintenance fee, and offers mobile banking options. However, if you are looking to process large amounts of cash, the Chase Business Complete Checking isn’t the best choice.
Besides the checking account, Chase also offers a variety of business products and services. This includes credit cards, a payment solutions account, and business CDs. You can access your accounts at more than 4,700 branches nationwide, including 16,000 ATMs. They also have a mobile app that lets you check your balance and pay bills from your smartphone.
First Citizens Bank
If you’re looking for a bank that offers small business checking accounts, First Citizens Bank is an excellent option. Not only do they have five different business checking accounts, but they also have a variety of additional services and banking products that can help your company.
In addition to their business checking account offerings, First Citizens Bank offers many other services for your business, including credit cards, auto loans, insurance, mortgages, and investments. They are also one of the largest family-controlled banks in the US, so you know you can rely on them to support you.
Bank of George
Bank of George has become a leading lender for businesses of all sizes. They offer loans tailored to specific business types and industries. In addition, they are a preferred SBA lender. Their business lending products include simple term loans, accounts receivable financing, and inventory financing.
In order to determine which bank is best for your small business, there are a number of factors to consider. Some factors to consider include the size of the loan, the type of financing, and the cost.
A good business loan is a financial lifeline for hundreds of thousands of small businesses. In order to obtain the most favorable loan terms, you may need to shop around. Although some larger banks have more stringent lending standards, many offer attractive introductory offers for new customers.
Axos
Axos is one of the best online banks for small business owners. It offers a wide range of checking and savings accounts, as well as credit and loan products. If you’re an entrepreneur looking for a bank to keep your cash flowing, it’s important to find one that offers you high APY and access to ATMs.
Axos offers a Business Interest Checking account. This interest-bearing account is ideal for businesses with low transaction needs. However, it is not suitable for large businesses.
The Axos Bank Basic Business Checking is a no-frills account that provides unlimited free domestic ATM transactions. It also includes two free domestic wires per month.
