Month: March 2023

Bluevine is a high-yielding bank that is suitable for small businesses in Ohio. Due to its high-interest rates, Bluevine can work well with your business as they do not charge any fee for transactions or maintenance. You can also earn interest on your account balance. The bluevine business checking account is easy to open and has a mobile banking interface that is easy to navigate.

Why we chose it: High-interest rates, minimal fees, and a lack of maintenance requirements make Bluevine the best business bank account for LLCs or other business types.

High-interest rates
Very few fees
No minimum deposit required

No business savings account
No ATM reimbursement
Fee for cash deposits

Fees

You won’t find any monthly fees when using Bluevine, making it possible to bank without ever paying a dime. Expect charges for using out-of-network ATMs, making the mobile app a valuable tool for finding free withdrawal sites. Each cash deposit will set you back $4.95, making this a tool you want to use sparingly if at all.

Interest Rates

Bluevine comes through in a big way with its 2.0% APY. The rate is 50 times the current national average and applicable on balances up to $100,000. Once your small business’s balance grows beyond this amount, those extra funds won’t accrue any interest.

Minimum Balance

There’s no minimum balance requirement for using Bluevine, no matter how much you have in your account. Small businesses can start with next to nothing and take immediate advantage of the high-interest rate.

Access to Mobile Banking

The Bluevine mobile app makes banking from anywhere a breeze. The thoroughly-designed tool makes it easy to manage your accounts and see where your money is going. It’s also possible to pay vendors by wire or check and schedule payments for fulfillment down the road.

Capital One: Best Bank for Small Businesses Account Perks

Interest Rates: 0.20% APY

★★★★★

4.6

Capital One is also one of the most suitable banks for small businesses in Ohio. It offers lots of perks and benefits such as fee-free and unlimited transactions, business savings, waivable monthly maintenance fees, access to loan products, and credit cards. You can access your Capital One business account on your mobile device and also visit any of their branches if you prefer physical banking.

Why we chose it: With no limits on digital transfers, Capital One gives you the freedom to keep funds moving.

Unlimited digital transfers
Does not charge overdraft fees
Large ATM network

Limited physical locations
Monthly account fee
Out-of-network ATM fees

Fees

Capital One’s business accounts come with a $15 monthly fee that can be hefty for a small business. Luckily, you can waive this fee by keeping an average balance of $2,000 over a 30 or 90-day window. There’s no charge for using one of Capital One’s 70,000 ATMs nationwide.

Interest Rates

Opening up Capital One’s business savings accounts unlocks interest rates of up to 0.20% for your first year. This amount applies to balances up to $5 million, giving small businesses plenty of wiggle room. None of the bank’s checking accounts offer any interest, making free digital transfers that much sweeter.

Minimum Balance

You don’t need to keep a minimum balance with Capital One to keep your account open. It is in your best interest to maintain at least $2,000 in your checking to avoid the $15 monthly service fee. Keeping extra funds in your savings account allows you to generate some interest on money not currently in use.

Access to Mobile Banking

Since you won’t find many physical Capital One locations, the bank’s top-rated mobile app comes to the rescue. With it, you can do all your transfers, make digital payments, and deposit money with your device’s camera. The app also gives you access to Capital One’s CreditWise service to monitor your credit score and hear cool tips.

U.S. Bank: Best Bank for Quick Loans

Interest Rates: 0.01% APY

★★★★★

4.5

U.S Bank is most common for the quick loan option it offers. You can access loans with reasonable interest for your business when you bank with U.S Bank. They also offer other benefits such as a large ATM network, merchant services, and access to mobile banking. The U.S. bank has over 2,000 physical branch locations which make it easier for customers who prefer physical banking to walk into any of its banks.

Why we chose it: Small businesses in need of extra funds can turn to U.S. Bank for a plethora of lending options.

Lending to fit your needs
Specialized merchant services for restaurants, retailers, and service providers
2,400 branch locations

Charges for overdrafts
Relatively low APY
Only locations in 28 states

Fees

You’ll never have to worry about monthly fees when using U.S. Bank’s silver checking package for small businesses. Higher-tier accounts do have waivable monthly fees to contend with as your company grows. You’ll just need to keep tabs on monthly transactions to ensure you don’t incur charges for exceeding the monthly limit.

Interest Rates

U.S. Bank’s checking accounts do not come with any options to generate interest. While savings plans come with different perks, the current maximum interest rate is just 0.01%. Although a minimal amount, there is no balance cap to what you can earn.

Minimum Balance

There’s no minimum balance requirement when starting with U.S. Bank’s silver account package designed specifically for small businesses. Other checking accounts have waivable fees should you keep up with the necessary balance amounts. Savings accounts start at a $500 minimum balance to remove service fees.

Access to Mobile Banking

If you find yourself away from one of U.S. Bank’s physical locations, you can perform all your banking through the mobile app. It’s possible to seamlessly transfer funds from one account to another and stay up to date with your financial status. The U.S. Bank will also keep you informed with customized alerts.

Bank of America: Best Bank for Rewards Program

Interest Rates: Up to 0.04% APY

★★★★★

4.4

Bank of America is best known for the reward programs it offers small businesses that can be used to waive fees and do other things. They also offer free digital tools to track your business performance. You can access your account from your mobile device and enjoy seamless banking or visit any of their physical branches.

Why we chose it: Bank of America’s rewards come with several perks to make banking a win-win for all parties involved.

Preferred rewards to boost interest rate
Over 17,000 ATMs and 4,300 branches
Can waive the monthly fee

Lacks 24/7 customer service
Monthly fees
Transaction fees when using non-Bank of America ATMs

Fees

Bank of America’s introductory checking account comes with a $16 monthly fee. You can negate this amount by maintaining a $5,000 monthly balance, spending at least $250 on your debit card, or becoming a Preferred Rewards member. The only other fees to watch out for come from out-of-network ATM withdrawals and charges for excessive deposits in a given month.

Interest Rates

Most small businesses opening a savings account will earn 0.01% interest out of the rate. It is possible to increase this to 0.04% with enough activity in Bank of America’s rewards system. There’s no option to accrue interest with a Bank of America checking account.

Minimum Balance

Keeping an average monthly balance of $5,000 in your checking account will remove the $16 service fee. Similarly, you’ll want to have at least $2,500 in your savings account to avoid a $10 monthly charge there.

Access to Mobile Banking

Bank of America’s mobile app consistently earns high honors for its functionality. Within, you can manage your accounts, pay bills, or transfer funds from any location. You can also make use of the budgeting tool to monitor expenses and control spending.

Axos: Best Bank for Customer Service Support

4.5

★★★★★

Axos is a user-friendly bank for small businesses and startups in Ohio. Although it offers only online banking, its customer service support is top-notch; always available to attend to customers’ complaints. It has fewer fees and ATM fee reimbursements which is not common to other brick-and-mortar banks in Ohio. Axos is the best bank for small businesses that do not want to worry about monthly fees or minimum balances.

You can track your deposits and withdrawals with Axos by syncing your Axos account with your Quickbooks accounts instead of doing it manually. The Axos check account is easy to open and it has a mobile-friendly app that you can access at anything and anywhere.

Why we chose it: Free cash deposits and a low fee structure make Axos Basic Business Checking one of the best business bank accounts out there.

No monthly fee and unlimited transactions.
Unlimited domestic ATM fee reimbursements.
Cash deposits via MoneyPass and AllPoint ATMs.
Welcome bonus for new customers (terms apply).
24/7 customer support.

No third-party app integrations.
Interest checking APY is good, but not great

Fees

Axos Bank Basic Business Checking does not charge a monthly maintenance fee or impose requirements on keeping your account open. You’ll receive back any ATM fees you incur each month, making this account effectively free to use. If you plan to spend a lot of wire transfers, be aware of Axos’s $35 charge for each one.

Interest Rates

This particular account does not have an annual percentage yield and instead focuses on business perks. Anyone with extra money can open up one of Axos’s interest-bearing business savings accounts and accrue interest that way.

Lending

There are several lines of credit and lending options Axos offers its members. Qualifications can be rigid, requiring at least two years in business, among other things. It’s no surprise, considering the minimum loan amounts are $10 million.

Rewards

At present, signing up for an Axos checking account as a new business owner earns a $200 welcome bonus. Even if you’re not a new business, you can still grab $100 for opening your Axos account.

Additional Features

Over 91,000 ATMs across the country are considered in-network with Axos, but there’s fee reimbursement if you happen to come across an out-of-network one. The online bank will pay you back for the first two wire transfers each month as well. On the financial side, Axos integrates seamlessly with Quickbooks to help with your books.

Lili: Best Bank in Ohio for One-man Businesses

4.57

★★★★★

Lili was designed to help cater to people who work under their name. Apart from the low-fee account it offers, it also has a feature that helps track and report your daily expenses. There’s also an automatic savings bucket that comes with a Lili account that you can turn on to help you save for tax payments or emergency funds.

Lili has a user-friendly mobile app that can be accessed by anyone with a Lili account. It doesn’t have any physical branch but you can make any inquiries online and be sure to get a response almost immediately.

Why we chose it: Lili is the best bank for freelancers and a one-man business. Its ease of access and great features that help customers prepare for tax and manage their expenses is worth it.

No fees, minimum balance requirements, or minimum opening deposit.
Unlimited fee-free transactions.
Fee-free ATM access through the MoneyPass network; ability to deposit cash through the Green Dot network.
Integrated tools for managing expenses and planning for taxes.
Offers an early payment feature with direct deposit, allowing you to receive funds up to two days sooner than you might with a traditional bank account.

Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
No checkbooks; can’t send or receive wire transfers.
Limited business-related features, e.g., doesn’t offer joint accounts, multiple business debit cards, or third-party integrations.

Fees

While Lili shines for its free tax software, business owners can also rejoice over a lack of account and overdraft fees. You won’t even incur a charge for foreign transactions or at over 38,000 in-network ATMs in the United States. If you end up using an out-of-network machine, expect a charge between $2.50 and $5.

Interest Rates

There is no interest on Lili’s Business Checking account. Those willing to pay can access a savings account with 1.5% APY, but you’ll need at least $34,000 in your account at all times to offset the monthly cost.

Lending

Lili does not offer any lending options to its clients. If you need a loan or a line of credit, you’ll have to look into other options.

Rewards

Your Lili debit card earns cash back on participating merchants, with the money deposited directly into your business checking account. There are no service or transaction fees to use your debit card anywhere in the world.

Additional Features

Nothing compares to Lili’s tax optimizer, designed to help you reduce tax-based expenses. The software allows you to categorize purchases, find your tax bracket, and file without headaches. The online bank also has a smart mobile app to help keep tabs on personal and business expenses while on the road. Enrollment is simple, requires no paperwork, and can have you banking within minutes.

Oxygen: Best Digital Bank in for Cash Back Offers

★★★★★

Oxygen is an online-only bank that’s best known for the cash back rewards it offers. You get a cash refund any time you purchase with your Oxygen debit card. Oxygen offers a mobile-only banking service to small businesses that are looking for affordable banking.

It also offers unlimited fee-free transactions. You can also access mobile tools and reusable virtual cards when you open an account with Oxygen. The Oxygen mobile app has a user-friendly interface that is easy to navigate.

Why we chose it: Oxygen speaks the language of the trendy business owner, offering some cool banking features along the way. It’s also one of the best checking accounts for sole proprietors.

Aimed at trendy business owners
5% Cashback rewards
Create virtual, single-use debit cards

Virtual bank, no cash deposits
Fewer integrations than other options
No lending options

Fees

Oxygen claims to be fee-free from top to bottom but does specify that out-of-network and international withdrawals may be subject to a charge. You’ll never have to worry about paying for ACH transfers or keeping your account open.

Interest Rates

While you won’t earn interest for funds in your business checking account, Oxygen remedies the problem by adding a business savings account to the mix. Any money hanging out in savings accrues 1.0% interest for balances of $20,000 or less. Amounts in excess still earn interest, but at a much lower rate.

Lending

Oxygen is a mobile fintech company and not a bank. Because of this, Oxygen is unable to offer any lending options.

Rewards

Making necessary purchases feels a little sweeter when you get paid to do it. Buying things like gas, rideshares, or shipping services can earn 5% cash back with no questions asked.

Additional Features

Oxygen is a great option for business bank accounts for LLCs and even offers formation services as part of its package. Freelancers wanting the personal protections that come with a limited liability company can speed up registration right from Oxygen’s mobile app.

Chase: Best Bank for Its Merchant Services

Interest Rates: Up to 0.02% APY

★★★★★

4.2

March 23, 2023March 28, 2023

Chase offers merchant services to complement its traditional banking to provide security and convenience for your business. This service allows your customers to make payments however they like without jeopardizing their accounts.

A Chase business bank account is easy to open and you could get up to a $300 bonus when you sign up for the first time. You can access your account on your mobile device and also visit any of their physical locations.

Why we chose it: Chase adds a long list of merchant services to its traditional banking to help your business succeed.

Several available merchant services
Multiple ways to waive the monthly maintenance fee
$300 sign-on bonus

Monthly maintenance fees
Only 20 free transactions per month
Minimal APY

Fees

Monthly fees start at $15 for Chase Business Complete Banking. You can do away with this charge by maintaining a $2,000 daily balance, and making deposits through Chase QuickAccept, or Chase Ink Business Card purchases. There is a cost for transactions after your first 20, and you’ll want to avoid costly wire transfers if possible.

Interest Rates

As with most banks, Chase doesn’t provide any interest for the money you have in a business checking account. To earn a rate, you’ll need to start up a business savings account that accrues up to 0.02%.

Minimum Balance

If you want to avoid Chase’s monthly service fee, you’ll want to keep at least $2,000 in your checking account at all times. Dipping below this amount even once per month is enough to merit the charge. Savings accounts have no fee as long as you have an active checking account with Chase.

Access to Mobile Banking

In addition to standard banking procedures, you can use the Chase mobile app to lock or unlock your credit card should you misplace it. There’s also a budget planning feature to set aside funds for a large purchase and credit monitoring tools to protect your credit health.

Methodology for the Best Banks for Small Businesses in Ohio

Opening a business bank account is at the forefront of starting a profitable business. Below are the methodologies that we considered before coming up with the list of the best banks for small businesses in Ohio.

Fees: Small businesses often have to count every penny. Using a bank that nickels and dimes you for every little thing can quickly run your account dry. We looked for banks without maintenance fees or at least the option to waive said charge with a few simple steps. It was also crucial to locate institutions that minimize costs for transactions and transfers that every business needs to perform.
Interest Rates: We realize business bank accounts function primarily for organization and making payments, but that doesn’t mean you can’t earn a little interest on the side. Between checking and savings accounts, we called out banks offering easily accessible rates you can use for some extra cash. Some options even go well beyond the national average.
Minimum Balance: Banks with maintenance fees will often waive them if you have enough money in said account. Small businesses may not have a lot of money to work with early on, so we identified institutions with low balance requirements to avoid fees. Some banks also have account minimums to unlock interest rates or other rewards.
Access to Mobile Banking: In our fast-paced world, having all your banking needs at your fingertips is a huge win. Mobile devices also played a role in the emergence of online-only banks with accounts you can access from anywhere. Even banks traditionally known for physical locations are amping up mobile apps to compete with the masses. Our selections highlight banks with top-tier mobile banking options to manage finances and make payments.
Ease of Use: When making our top banking for small business picks, we wanted to ensure features were straightforward to use. This applies to everything from transfers and payments to opening a business bank account with nothing more than an EIN. No bank account should be more trouble than it’s worth.

Best Banks for Small Businesses in Ohio Frequently Asked Questions (FAQs)

If you’re a business owner in Ohio, these FAQs will answer some questions you may have.

Can I open a business bank account without SSN?

Although SSN is not a legal requirement to open a bank account, most banks request it to confirm the authenticity of the person and the business they are opening an account. So, it’s totally up to the bank you choose to request for SSN or not. You should check the requirements of a bank before deciding to open an account there.

What do I need to open a business bank account in Ohio?

There are many banks in Ohio and each requirement might be different from the other. However, some requirements are uniform for all banks to ask for opening a business bank account, and they include EIN or SSN, Certificate of Corporation/formation, and home or company address.

Can I open a bank account with my EIN number?

Yes, it’s a good idea to open a bank account with an EIN number. Any business with at least one employee requires an EIN for tax purposes, and banks will use this when registering your account. If you’re the only employee of your venture, the alternative is to use your social security number (SSN). However, using your SSN can blur the line between personal and business finances.

How much should a small business have in a bank account?

It’s wise to hide away at least six months’ worth of operating expenses in case you hit a snag with your business operations. This is money you can fall back on while you recover from whatever slowdown you currently face. If possible, add at least 10% of your profits each month to grow these savings.

Bottom Line

Choosing your banking service provider as a small business is worth thinking about thoroughly. It might get overwhelming trying to choose from the loads of options you have. The bank you choose can make or mar your business.

Our top pick is Bluevine, however, you can choose any from this roundup that suits your small business. Ensure you consider how their fees, interest rates, minimum balance, and ease of use work for you before opening a small business account with them.

Best Business Bank Accounts by State

Below you will find an interactive U.S map that can help you locate and compare different banks and financial institutions that offer business accounts in your area.

8 Best Banks for Small Businesses in Oklahoma in 2023

For your small business to thrive in Oklahoma, having the appropriate banking partner is crucial. This article will explain the top 10 banks for small businesses in Oklahoma that provide outstanding services and products specifically designed for small businesses.

The selection criteria for these banks include their accessibility, customer service, fees, interest rates, and the extent of services they offer to aid in the growth and success of small businesses.

Best Banks for Small Businesses in Oklahoma

Bluevine: Best Overall Bank for Small Businesses in Oklahoma
Capital One: Best for Online Business Checking Account
U.S. Bank: Best for Free Account Maintenance
Bank of America: Best Bank for Easy Cash Transactions in Oklahoma
Axos: Best for Small Business Loans
Lili: Best for E-banking Banking
Oxygen: Best for Startup Businesses
Chase: Best Brick and Mortar Bank

Our Methodology

To select the optimal Oklahoma banks, a systematic approach is necessary. When identifying suitable banks for small businesses in Oklahoma, we will evaluate their operational procedures, digital interface, maintenance fees, and concealed expenses.

Furthermore, we will scrutinize the bank’s offerings, interest rates, ATM accessibility, and the expeditiousness of credit card issuance.
Click here for a more detailed explanation of our methodology.

Bluevine

$4.95 per cash deposit, $2.50 for out-of-network ATM fees, $15 for outgoing wires

2.0% APY

Pay vendors by wire or check, schedule payments, manage cash flow

Capital One

$15 (waivable)

$15 per incoming domestic wire, $25 for outgoing domestic wire

0.20% APY

$2,000

Access credit card accounts, transfer money, deposit checks, access bank statements, access to CreditWise service

U.S. Bank

$0.50 fee for transactions after the first 125, fees at out-of-network ATMs

0.01% APY

$500 for business savings

Transfer funds, view documents, find branch/ATM locations, manage cards

Bank of America

$16

Out-of-network ATM fees, fees for excessive deposits

Up to 0.04% APY

$5,000

Manage accounts, pay and transfer, digital wallets, bill pay

Lili

$2.5 for out of network

1.50% APY

Manage finances and payments, control expenses, and save money for taxes

Chase

$15 (waivable)

$25 to $40 for wire transfers, $0.40 per transaction (after the first 20)

Up to 0.02% APY

Fraud monitoring, card control, pay, and transfer, view offers

Axos

$35 for wire transfer

–

Fund transfer, wire transfer, bill payment.

Oxygen

$3 for out-of-network ATM fee, fees for international transactions, $5 international ATM fee, fees for Ingo mobile check deposit

1.0% APY

Check deposit, bill payment, check deposit, account statement

Bluevine: Best Overall Bank for Small Businesses in Oklahoma

Interest Rates: 2.0% APY

★★★★★

4.7

Bluevine bank is a financial institution that offers local enterprises the resources they need to grow and succeed. With competitive interest rates for small businesses that handle high-volume transactions, Bluevine has become a popular choice for entrepreneurs seeking financing options.

In addition to traditional loans, Bluevine provides targeted small business loans to startups that may struggle to secure capital. The bank is also one of the largest lenders of Small Business Administration (SBA) loans in Oklahoma. For business owners who prioritize convenience, Bluevine allows individuals to open up to three checking accounts without hidden fees. Moreover, the bank offers streamlined integration of tax services, HR, and payroll for small businesses seeking a comprehensive financial solution.

Why we chose it: High-interest rates, minimal fees, and a lack of maintenance requirements make Bluevine the best business bank account for LLCs or other business types.

High-interest rates
Very few fees
No minimum deposit required

No business savings account
No ATM reimbursement
Fee for cash deposits

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Capital One: Best for Online Business Checking Account

Interest Rates: 0.20% APY

★★★★★

4.6

In Oklahoma, Capital One bank is a leading financial institution with a reputation for its generous rewards program and seamless banking policies. Small businesses are particularly drawn to the bank’s straightforward process for opening checking accounts and credit cards.

Capital One offers the added convenience of allowing small businesses to open up to two checking accounts and add up to seven business credit cards. This feature is especially beneficial for small businesses that engage in transactions across multiple accounts.

Another benefit of using Capital One credit cards is the opportunity to earn various loyalty rewards without incurring any access fees. Small businesses seeking a banking partner that prioritizes simplicity and rewards should consider Capital One bank.

Why we chose it: With no limits on digital transfers, Capital One gives you the freedom to keep funds moving.

Unlimited digital transfers
Does not charge overdraft fees
Large ATM network

Limited physical locations
Monthly account fee
Out-of-network ATM fees

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

U.S. Bank: Best for Free Account Maintenance

Interest Rates: 0.01% APY

★★★★★

4.5

US Bank is a great option for free account maintenance because they offer free checking accounts with no monthly maintenance fees, making it easy to maintain your account without worrying about hidden charges. Additionally, US Bank provides easy account access through online and mobile banking, as well as at their numerous branches across the United States.

Why we chose it: Small businesses in need of extra funds can turn to U.S. Bank for a plethora of lending options.

Lending to fit your needs
Specialized merchant services for restaurants, retailers, and service providers
2,400 branch locations

Charges for overdrafts
Relatively low APY
Only locations in 28 states

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Bank of America: Best Bank for Easy Cash Transactions in Oklahoma

Interest Rates: Up to 0.04% APY

★★★★★

4.4

Bank of America is considered the best bank for easy cash transactions in Oklahoma due to its widespread network of ATMs and branches. Customers can easily access cash from Bank of America ATMs, and they can also make deposits, withdrawals, and other transactions at Bank of America branches. This makes it a convenient option for people who need to handle cash frequently, whether it’s for personal or business purposes.

Additionally, Bank of America offers online and mobile banking services that allow customers to manage their accounts from anywhere, further enhancing the convenience factor.

Why we chose it: Bank of America’s rewards come with several perks to make banking a win-win for all parties involved.

Preferred rewards to boost interest rate
Over 17,000 ATMs and 4,300 branches
Can waive the monthly fee

Lacks 24/7 customer service
Monthly fees
Transaction fees when using non-Bank of America ATMs

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Axos: Best for Small Business Loans

4.53

★★★★★

Axos is an ideal banking choice for small businesses that require simple credit lines and loans. They offer checking and savings accounts for individuals who earn passive income and conduct daily business, along with investment services that allow funds to be invested in annuities, mutual funds, and IRAs.

Entrepreneurs, solopreneurs, and remote workers can benefit from Axos accounts for obtaining financing and investing in fix-and-flip properties. Axos is a distinctive financial institution that offers ease of opening a business account and few restrictions.

Loans available through Axos include vehicle loans, student loans, business loans, and home improvement loans. Although they provide one of the best interest rates among top banks in Oklahoma, a decent monthly balance is required to qualify for such incentives.

Why we chose it: Free cash deposits and a low fee structure make Axos Basic Business Checking one of the best business bank accounts out there.

No monthly fee and unlimited transactions.
Unlimited domestic ATM fee reimbursements.
Cash deposits via MoneyPass and AllPoint ATMs.
Welcome bonus for new customers (terms apply).
24/7 customer support.

No third-party app integrations.
Interest checking APY is good, but not great

Fees

Interest Rates

Minimum Balance

Axos Bank has no minimum balance requirements for its checking and savings accounts. As a small business owner, you do not need to maintain a certain balance to avoid monthly fees. This makes Axos an attractive option for you if you do not have a large amount of money to keep in your account.

Access to Mobile Banking

Axos Bank offers a robust mobile banking app that allows customers to manage their accounts, deposit checks, transfer funds, pay bills, and wire transfer all from their mobile devices. You can also use the account alerts feature and budgeting tools to stay on top of your finances.

Lili: Best for E-banking Banking

4.55

★★★★★

Lili Bank is a modern digital banking platform that caters to the needs of freelancers and self-employed individuals who require electronic banking services. Lili Bank’s mobile application is designed to provide a seamless banking experience, allowing users to manage their finances remotely and on the go.

The app offers features such as mobile check deposit, instant expense categorization, and tax tracking, making it a convenient tool for individuals who need to manage their finances efficiently.

Lili Bank also offers fee-free banking services with no overdraft or minimum balance fees, making it a cost-effective banking solution for freelancers and self-employed individuals. With its emphasis on e-banking and user-friendly interface, Lili Bank is a great option for those who prefer to manage their finances digitally.

Why you should use Lili: Lili offers small businesses excellent e-services, quick debit and credit cards, and flexible loan payments. When seeking an online best business checking account with good mobile apps and online services, Lili is the best.

No fees, minimum balance requirements, or minimum opening deposit.
Unlimited fee-free transactions.
Fee-free ATM access through the MoneyPass network; ability to deposit cash through the Green Dot network.
Integrated tools for managing expenses and planning for taxes.
Offers an early payment feature with direct deposit, allowing you to receive funds up to two days sooner than you might with a traditional bank account.

Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
No checkbooks; can’t send or receive wire transfers.
Limited business-related features, e.g., doesn’t offer joint accounts, multiple business debit cards, or third-party integrations.

Fees

Interest Rates

Minimum Balance

Lili Bank has a no minimum balance requirement for its checking account, which means that you do not need to maintain a certain balance to avoid monthly fees. This makes it a good option if you are just starting your business or have a fluctuating income.

Access to Mobile Banking

Lili Bank offers a mobile banking app that is specifically designed for freelancers and small business owners. The app allows you to manage your finances, including controlling expenses, saving money for taxes, and managing payments, all from your mobile devices. Plus, the app includes features such as instant payment notifications, budgeting tools, and the ability to make mobile check deposits.

Oxygen: Best for Startup Businesses

4.1

★★★★★

Oxygen is a digital banking platform that caters to the needs of freelancers, making it the best banking option for this group. Oxygen offers a user-friendly mobile application that allows freelancers to manage their finances easily and efficiently.

The app provides features such as invoicing, bill payment, and expense tracking, making it a valuable tool for managing both personal and business finances. Oxygen also offers cashback rewards and no monthly fees, making it an affordable banking option for freelancers.

Additionally, Oxygen provides access to ATMs nationwide, making it easy for freelancers to access their funds when they need them. With its emphasis on catering to the needs of freelancers, Oxygen is a great option for those looking for a banking platform that understands their unique financial needs.

Why we chose it: Oxygen speaks the language of the trendy business owner, offering some cool banking features along the way. It’s also one of the best checking accounts for sole proprietors.

Aimed at trendy business owners
5% Cashback rewards
Create virtual, single-use debit cards

Virtual bank, no cash deposits
Fewer integrations than other options
No lending options

Fees

Interest Rates

Minimum Balance

Oxygen Bank has no minimum balance requirements for its checking and savings accounts. There will be no monthly fees even if there’s no money in your account. You don’t have to worry about any charges if you don’t make up to a certain amount.

Mobile Banking Features

Oxygen Bank offers a mobile banking app that is designed to help small business owners manage their finances on the go. You can deposit checks, make a bill payment, and generate your account statement. Plus, the app offers spending insights to help you track your finances.

Chase: Best Brick and Mortar Bank

Interest Rates: Up to 0.02% APY

★★★★★

4.2

March 23, 2023March 23, 2023

Chase Bank has been recognized as the best brick-and-mortar bank due to its extensive network of physical branch locations. With over 4,700 branches across the United States, Chase offers its customers easy access to in-person banking services. Chase’s physical locations provide a range of banking services, including account opening, loan applications, investment advice, and more.

In addition to its brick-and-mortar branches, Chase also offers robust online and mobile banking platforms, providing customers with a seamless and convenient banking experience. For those who prefer the reassurance of physical branch locations, Chase is a great option for in-person banking services.

Why we chose it: Chase adds a long list of merchant services to its traditional banking to help your business succeed.

Several available merchant services
Multiple ways to waive the monthly maintenance fee
$300 sign-on bonus

Monthly maintenance fees
Only 20 free transactions per month
Minimal APY

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Methodology for Choosing the Best Banks For Small Businesses in Oklahoma

We looked at over a dozen banks before arriving at this list of best banks in Oklahoma. Our methodology for choosing the best banks in this roundup includes:

Fees: Small businesses often have to count every penny. Using a bank that nickels and dimes you for every little thing can quickly run your account dry. We looked for banks without maintenance fees or at least the option to waive said charge with a few simple steps. It was also crucial to locate institutions that minimize costs for transactions and transfers that every business needs to perform.
Interest Rates: We realize business bank accounts function primarily for organization and making payments, but that doesn’t mean you can’t earn a little interest on the side. Between checking and savings accounts, we called out banks offering easily accessible rates you can use for some extra cash. Some options even go well beyond the national average.
Minimum Balance: Banks with maintenance fees will often waive them if you have enough money in said account. Small businesses may not have a lot of money to work with early on, so we identified institutions with low balance requirements to avoid fees. Some banks also have account minimums to unlock interest rates or other rewards.
Access to Mobile Banking: In our fast-paced world, having all your banking needs at your fingertips is a huge win. Mobile devices also played a role in the emergence of online-only banks with accounts you can access from anywhere. Even banks traditionally known for physical locations are amping up mobile apps to compete with the masses. Our selections highlight banks with top-tier mobile banking options to manage finances and make payments.
Ease of Use: When making our top banking for small business picks, we wanted to ensure features were straightforward to use. This applies to everything from transfers and payments to opening a business bank account with nothing more than an EIN. No bank account should be more trouble than it’s worth.

Frequently Asked Questions (FAQs) on Best Banks for Small Businesses in Oklahoma

If you are an entrepreneur and a small business owner in Oklahoma, here are answers to your questions :

How much do I need to open a business bank account in Oklahoma?

Depending on the bank you choose for your small business, the deposit range to open a business bank account in Oklahoma depends on the financial institution. Some banks may have a minimum deposit requirement of $25 or $50, while others may require a higher deposit amount.

Can I open a bank account with my EIN number?

Can I open a business bank account in Oklahoma without a social security number?

In general, most financial institutions require applicants to provide a valid Social Security number (SSN) to open a business bank account. However, some banks and credit unions may have alternate identification requirements for non-US citizens, such as an Individual Taxpayer Identification Number (ITIN) or Employer Identification Number (EIN).

How much should a small business have in a bank account?

Bottom Line

Small business owners, freelancers, and remote workers in Oklahoma can increase their chances of success by opening a business account. Such accounts allow them to manage their finances effectively, with the help of banks that cater specifically to their needs.

The best banks in Oklahoma provide excellent customer service, offer multiple transfer options, and provide easy loan access to small businesses. If you are starting a small business in Oklahoma, it is highly recommended to consider opening an account with one of these banks.

Best Business Bank Accounts by State

Below you will find an interactive U.S map that can help you locate and compare different banks and financial institutions that offer business accounts in your area.

8 Best Banks for Small Business in Oregon in 2023

Selecting the ideal bank as a small business owner in Oregon can be a challenging undertaking. Given the multitude of banking choices available, it can prove to be difficult to discern which one aligns with your business requirements. To help you make an informed decision, we’ve compiled a list of the best 8 banks for small businesses in Oregon.

Best Banks for Small Businesses in Oregon

Bluevine: Best Overall Bank for Small Businesses in Oregon
Capital One: Best Bank for Its Treasury Management Services
U.S. Bank: Best for Its Payroll Management Services
Bank of America: Best Bank for Credit Cards Benefits
Axos Bank: Best Online Bank with Free Online Bill Pay
Lili: Best Banking Option for One-Person Businesses with No Account Fees
Oxygen Bank: Best for Fast and Easy Digital Payment Processing
Chase: Best Bank for No Overdraft Charges

Our Methodology

To determine the top banks for small businesses in Oregon, we conducted an evaluation that involved scrutinizing factors such as fees, minimum balance requirements, loan costs, credit card charges, and merchant services expenses.

In addition, we appraised the quality of mobile and online banking services as well as any rewards offered for opening a business account. Through this comprehensive assessment, we have identified the banks in Oregon that are most suitable for small businesses.

Click here for a more detailed explanation of our methodology.

Bluevine

$4.95 per cash deposit, $2.50 for out-of-network ATM fees, $15 for outgoing wires

2.0% APY

Pay vendors by wire or check, schedule payments, manage cash flow

Capital One

$15 (waivable)

$15 per incoming domestic wire, $25 for outgoing domestic wire

0.20% APY

$2,000

Access credit card accounts, transfer money, deposit checks, access bank statements, access to CreditWise service

U.S. Bank

$0.50 fee for transactions after the first 125, fees at out-of-network ATMs

0.01% APY

$500 for business savings

Transfer funds, view documents, find branch/ATM locations, manage cards

Bank of America

$16

Out-of-network ATM fees, fees for excessive deposits

Up to 0.04% APY

$5,000

Manage accounts, pay and transfer, digital wallets, bill pay

Lili

$2.5 for out of network

1.50% APY

Manage finances and payments, control expenses, and save money for taxes

Chase

$15 (waivable)

$25 to $40 for wire transfers, $0.40 per transaction (after the first 20)

Up to 0.02% APY

Fraud monitoring, card control, pay, and transfer, view offers

Axos

$35 for wire transfer

–

Fund transfer, wire transfer, bill payment.

Oxygen

$3 for out-of-network ATM fee, fees for international transactions, $5 international ATM fee, fees for Ingo mobile check deposit

1.0% APY

Check deposit, bill payment, check deposit, account statement

Bluevine: Best Overall Bank for Small Businesses in Oregon

Interest Rates: 2.0% APY

★★★★★

4.7

If you’re a small business in Oregon seeking reliable financing options, look no further than BlueVine. This top-notch bank stands out for its speedy funding, versatile loan terms, and competitive rates. Applying online is a breeze, and you can access funds in as little as 24 hours – all without having to put up collateral.

BlueVine’s financing options include lines of credit and invoice factoring, with repayment terms spanning from 6 to 12 months, providing flexibility to meet your specific business needs. Whether you’re a new startup or an established small business, BlueVine should be your go-to choice for financing in Oregon.

Why we chose it: High-interest rates, minimal fees, and a lack of maintenance requirements make Bluevine the best business bank account for LLCs or other business types.

High-interest rates
Very few fees
No minimum deposit required

No business savings account
No ATM reimbursement
Fee for cash deposits

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Capital One: Best Bank for Its Treasury Management Services

Interest Rates: 0.20% APY

★★★★★

4.6

For small businesses, effective treasury management is key to ensuring smooth financial operations. Fortunately, Capital One Bank provides a comprehensive range of treasury management solutions, which includes cash management, payroll processing, and remote deposit capture.

By leveraging these services, small businesses can optimize their cash flow, save time, and minimize the risk of errors. With Capital One Bank’s treasury management expertise at their disposal, small businesses can concentrate on growing their operations and attaining their financial objectives.

Why we chose it: With no limits on digital transfers, Capital One gives you the freedom to keep funds moving.

Unlimited digital transfers
Does not charge overdraft fees
Large ATM network

Limited physical locations
Monthly account fee
Out-of-network ATM fees

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

U.S. Bank: Best for Its Payroll Management Services

Interest Rates: 0.01% APY

★★★★★

4.5

Accurate and efficient payroll management is essential for small businesses to ensure smooth operations. U.S. Bank offers a comprehensive suite of payroll services that include direct deposit, tax filing, time and attendance tracking, online access, and compliance with regulations.

These services are designed to simplify payroll management for small businesses, allowing them to focus on core business activities. With U.S. Bank’s payroll services, small businesses can ensure their employees are paid accurately and on time, while also staying compliant with applicable regulations.

Why we chose it: Small businesses in need of extra funds can turn to the U.S. Bank for a plethora of lending options.

Lending to fit your needs
Specialized merchant services for restaurants, retailers, and service providers
2,400 branch locations

Charges for overdrafts
Relatively low APY
Only locations in 28 states

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Bank of America: Best Bank for Credit Cards Benefits

Interest Rates: Up to 0.04% APY

★★★★★

4.4

Small businesses require credit cards with customized features and rewards to manage expenses effectively and earn valuable benefits. Bank of America recognizes this need and offers credit cards that are tailored to meet the specific needs of small businesses.

These credit cards come equipped with rewards programs and cashback options, providing small businesses with a valuable tool to manage their finances efficiently while also saving money.

By partnering with Bank of America, small businesses can access credit cards that offer a wide range of benefits, enabling them to optimize their financial management strategies.

Why we chose it: Bank of America’s rewards come with several perks to make banking a win-win for all parties involved.

Preferred rewards to boost interest rate
Over 17,000 ATMs and 4,300 branches
Can waive the monthly fee

Lacks 24/7 customer service
Monthly fees
Transaction fees when using non-Bank of America ATMs

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Axos: Best Online Bank with Free Online Bill Pay

4.61

★★★★★

Managing bills can be a time-consuming and expensive task for small businesses. However, Axos Bank provides a solution to this problem with its free online bill pay service. This service enables small business owners to easily manage and pay their bills online without any additional fees.

By leveraging this service, small business owners can save time and money by eliminating the need to write checks, purchase stamps, and mail payments. Instead, they can log into their Axos Bank account from anywhere with an internet connection and quickly pay bills online.

With Axos Bank’s online bill pay service, small businesses can streamline their payment processes and focus on growing their operations.

Why we chose it: Free cash deposits and a low fee structure make Axos Basic Business Checking one of the best business bank accounts out there.

No monthly fee and unlimited transactions.
Unlimited domestic ATM fee reimbursements.
Cash deposits via MoneyPass and AllPoint ATMs.
Welcome bonus for new customers (terms apply).
24/7 customer support.

No third-party app integrations.
Interest checking APY is good, but not great

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Lili: Best Banking Option for One-Person Businesses with No Account Fees

4.57

★★★★★

Small businesses often seek ways to minimize banking fees, and Lili’s no account fees or minimum balance requirements are particularly appealing. This is especially significant for small businesses that are starting and may have limited cash flow or extra funds to cover bank account fees.

Lili’s elimination of these fees offers a more affordable banking option for small businesses, enabling them to concentrate on expanding their operations without being burdened by unnecessary expenses. By partnering with Lili, small businesses can enjoy greater financial flexibility and keep more of their hard-earned revenue.

Why we chose it: Lili’s minimal fees and tax optimization software help businesses hold onto hard-earned income. Plus, if you’re looking for an online best business checking account with no credit checks, Lili is a great option.

No fees, minimum balance requirements, or minimum opening deposit.
Unlimited fee-free transactions.
Fee-free ATM access through the MoneyPass network; ability to deposit cash through the Green Dot network.
Integrated tools for managing expenses and planning for taxes.
Offers an early payment feature with direct deposit, allowing you to receive funds up to two days sooner than you might with a traditional bank account.

Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
No checkbooks; can’t send or receive wire transfers.
Limited business-related features, e.g., doesn’t offer joint accounts, multiple business debit cards, or third-party integrations.

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Oxygen: Best for Fast and Easy Digital Payment Processing

4.0

★★★★★

The invoicing and bill pay system offered by Oxygen Bank is a valuable asset for small businesses, allowing them to optimize their financial operations and increase productivity while saving money.

By providing a user-friendly platform for managing and sending invoices, receiving payments, and paying bills online, this service simplifies financial management for small business owners. Real-time cash flow tracking capabilities also minimize the risk of missed payments and late fees.

Given the limited resources of small businesses, an efficient invoicing and bill pay system is crucial, allowing them to focus on other important aspects of their operations.

Why we chose it: Oxygen speaks the language of the trendy business owner, offering some cool banking features along the way. It’s also one of the best checking accounts for sole proprietors.

Aimed at trendy business owners
5% Cashback rewards
Create virtual, single-use debit cards

Virtual bank, no cash deposits
Fewer integrations than other options
No lending options

Fees

Interest Rates

Minimum Balance

Mobile Banking Features

Chase: Best Bank for No Overdraft Charges

Interest Rates: Up to 0.02% APY

★★★★★

4.2

March 20, 2023March 20, 2023

For small businesses, finding a bank that minimizes fees and charges is crucial. Fortunately, Chase Bank offers a distinctive feature that can help small business owners avoid such expenses. Specifically, the bank doesn’t charge an overdraft fee unless the account is overdrawn by more than $50.

Additionally, there’s a 24-hour grace period for overdrafts exceeding this amount. This feature is invaluable for small business owners who strive to maintain financial stability and avoid any unnecessary charges.

Why we chose it: Chase adds a long list of merchant services to its traditional banking to help your business succeed.

Several available merchant services
Multiple ways to waive the monthly maintenance fee
$300 sign-on bonus

Monthly maintenance fees
Only 20 free transactions per month
Minimal APY

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Methodology for the Best Banks for Small Businesses in Oregon

When assessing the ideal banks for small businesses in Oregon, we conducted a thorough analysis of several crucial factors that facilitate opening business bank accounts and managing finances.

Our approach entailed a comprehensive assessment of aspects such as fees, features, and accessibility, among other criteria. Below, we’ve highlighted the most significant factors we employed in identifying the best banks for small businesses in Oregon.

Fees: Small businesses often have to count every penny. Using a bank that nickels and dimes you for every little thing can quickly run your account dry. We looked for banks without maintenance fees or at least the option to waive said charge with a few simple steps. It was also crucial to locate institutions that minimize costs for transactions and transfers that every business needs to perform.
Interest Rates: We realize business bank accounts function primarily for organization and making payments, but that doesn’t mean you can’t earn a little interest on the side. Between checking and savings accounts, we called out banks offering easily accessible rates you can use for some extra cash. Some options even go well beyond the national average.
Minimum Balance: Banks with maintenance fees will often waive them if you have enough money in said account. Small businesses may not have a lot of money to work with early on, so we identified institutions with low balance requirements to avoid fees. Some banks also have account minimums to unlock interest rates or other rewards.
Access to Mobile Banking: In our fast-paced world, having all your banking needs at your fingertips is a huge win. Mobile devices also played a role in the emergence of online-only banks with accounts you can access from anywhere. Even banks traditionally known for physical locations are amping up mobile apps to compete with the masses. Our selections highlight banks with top-tier mobile banking options to manage finances and make payments.
Ease of Use: When making our top banking for small business picks, we wanted to ensure features were straightforward to use. This applies to everything from transfers and payments to opening a business bank account with nothing more than an EIN. No bank account should be more trouble than it’s worth.

Best Banks for Small Businesses in Oregon Frequently Asked Questions (FAQs)

This FAQ has the answers to your questions on opening a bank account for your Oregon business

What do I need to know before opening a bank account for my small business in Oregon?

Selecting the right bank in Oregon for your small business requires careful consideration of various factors. These include the bank’s fees and charges, the availability of online and mobile banking options, its location and accessibility, the range of accounts and services provided, and its reputation for delivering high-quality customer service and support. Additionally, it’s vital to assess your business’s specific requirements and ensure that the bank you choose can meet those needs effectively.

Can I open a bank account with my EIN number?

Is it possible to open a bank account without an SSN in Oregon?

It is possible to open a bank account in Oregon without a Social Security Number (SSN) as long as you have an Individual Taxpayer Identification Number (ITIN). An ITIN is a tax processing number issued by the Internal Revenue Service (IRS) to individuals who are not eligible for an SSN, such as non-US citizens or individuals who do not qualify for an SSN due to their immigration status.

How much should a small business have in a bank account?

Bottom Line

Selecting the right bank for your small business in Oregon is a crucial decision that can have significant ramifications for your financial management and overall success. To make an informed choice, carefully evaluate your business’s requirements, the bank’s features and services, as well as any associated fees or limitations. With the banks featured on our list, you can optimize your financial operations and concentrate on expanding your business.

5 Best LinkedIn Profile Writing Services in 2023

Things have changed drastically with the advent of social media. We communicate quickly, are always connected via the Internet, and have new and innovative ways of gaining knowledge. We can learn about one another within seconds. Daily life has changed because of these new technologies, and job hunting is no different.

Nowadays, a LinkedIn profile is an essential for job seekers. You’d be hard-pressed to find a professional on the job market without one. There are tons of reasons for this, which we’ll get into later. So, while having a LinkedIn profile might be the bare minimum for a job seeker these days, a spruced up and well-written profile is strongly recommended. It can be the difference between finding a job quickly and easily, or searching job forums for months.

Yet some people find it difficult to write an effective and eye-catching profile. This is understandable – writing is a skill, like any other, that needs to be practiced and fostered. If you don’t feel you’re ready to write your own bio and descriptions of your past experience, there are ways you can outsource these tasks to a professional and certified LinkedIn profile writer.

While you might not be the most confident when it comes to writing your own LinkedIn profile, there are linkedin profile & resume writing services that will do all the necessary work for you. Once you’ve hired a linkedin profile writer, you’ll have a well-curated, concise, and professional LinkedIn page.

These services pay off in the long run. Professional profile writers have all the necessary experience to make your LinkedIn profile stand out to hiring managers. These professionals know which keywords to use, how to condense your experience in the most effective way, and how to make your LinkedIn profile really pop.

Read through to learn more about the best resume and LinkedIn profile writing services and how they can improve your job hunting experience. We’ll tell you more about why LinkedIn profiles are so important, what goes into the best LinkedIn profiles, and which LinkedIn profile writing services are the best. You’ll see a marked improvement in your job search when you make use of these services, and we’re happy to explain all the benefits to you.

What Does a LinkedIn Profile Writer Do?

Each professional LinkedIn profile writer and profile writing service will have slightly different packages and offerings for their customers. In general, though, these companies will be able to provide a quick consultation, a tailored bio for your LinkedIn page, a keyword-optimized work experience section, and suggestions for your skills section.

This is more work than you might think. These LinkedIn writers will optimize your profile for hiring managers to find. With today’s advancements in search engine optimization (SEO), having the appropriate keywords is essential to finding the right job. They’ll help you tailor your job title, your headline, and anything else that might allow you to come up on hiring managers’ radar.

Some of the best resume and LinkedIn profile writing services will also offer a resume writing service, which is very useful when job hunting. Sometimes, these resumes are included in the package you purchase. Other times, these will need to be added on for a fee. Feel free to contact these companies and discuss which options are the best for you and your situation.

The best part about these services is that they can easily be tailored to you and your desired position. All of the best LinkedIn profile services have the option to be bespoke and best serve you and the job you want. When you approach these writers to tailor and optimize your profile, be sure to give them the most details and discuss the different positions you can (and should) be applying for.

Why is a Great LinkedIn Profile so Important?

As we’ve already stated, LinkedIn profiles are intrinsically part of the job market at this point. Not only is LinkedIn a platform where you can search for jobs and apply to them, it’s a networking platform at its core. This means that you can connect with people in your industry and learn about opportunities by engaging with other LinkedIn users in your field.

Another aspect of this platform that relates to LinkedIn profile writing services is that hiring managers often use LinkedIn to vet and learn about candidates. It’s estimated that over 90% of recruiters use LinkedIn to search for talent. When you apply to a job, even if you don’t do so through LinkedIn, the savvy person on the other end of the line will search your name and use your LinkedIn as the first part of their screening process.

While the prospect of a hiring manager searching for your LinkedIn profile might cause some anxiety, this is actually a great opportunity to put your best foot forward. With an optimized profile that highlights your best skills and job experience, you’ll be able to impress anyone who comes across your profile. In some cases, recruiters might want to speak about job opportunities with you simply based on your LinkedIn profile. This is why we recommend doing all that you can to ensure your bio, work experience, and skills are in tip-top shape.

What Goes Into an Optimized Profile?

Generally speaking, the most optimal LinkedIn profile is completely filled out and describes all the tasks you have accomplished, as well as the skills you’ve developed, over your career. This is harder than it sounds – there’s a lot of space to fill, even in the standard LinkedIn profile!

Most certified LinkedIn profile writers will want to provide a description of your current, or most recent, position. After that, they’ll write about your previous two job experiences. Here will be where keywords come in. A great description of tasks, accomplishments, and duties will use popular and well-searched keywords related to your field.

Great profile writers will also optimize your headline, which is one of the first things that people see when they view your profile. They’ll discuss what type of role you’re targeting and tailor your headline to reflect this. Writers can also add in a value prop statement to your headline, which will highlight what you will bring to a role.

Your About summary, or your LinkedIn bio, is another key aspect of an optimized profile. In general, professional bios are quite short. This makes them tricky to write. You’ll want to strike the perfect balance between concision and an accurate reflection of your skills. A professional profile writer will be able to take this prime real estate and make your profile shine. They’ll be able to write a bit about you, your story, what makes you unique, and your core areas of expertise and experience.

This is what will make your profile the best it can be, and the best for receiving interest from recruiters and hiring managers!

Our Top LinkedIn Profile Writing Services

Now, we’ll get into some of the best LinkedIn writing services that are available to people who want to overhaul and optimize their LinkedIn profile. If you’re in need of a complete LinkedIn profile and bio change, these are the best LinkedIn profile makeover services that you can find. Here, we’ll explain where each service specifically excels. We’ll also talk about the basis (and our reasoning) for where each writing service stands out.

Below, we have a table quickly explaining the best aspects of each company, plus a visual of the company’s reviews, pulled from their Google listing. As always, if you’re interested in using the services of any company’s profile writers, be sure to do your research and ensure that the company you select is right for you and your job search.

LPWriters.com

Value

★★★★★

Super Star Resume

Profiles for Executives

★★★★★

ZipJob

Career Changes

★★★★★

Resume Writers

Quick Results

★★★★★

Resume Writing

Services

Mid-Level Positions

★★★★★

The Best Value: LPWriters.com

LPWriters.com is a professional LinkedIn service provider that specializes in writing effective LinkedIn bios and ensuring that you rank higher in LinkedIn searches. They can give entire profile makeover services that will help you land a job in whichever field you’d like to target.

They have a host of industry awards and certifications, including certifications from LinkedIn and over 15 years of experience in writing LinkedIn profiles and improving their design. This company hires professional profile writers who will also review your LinkedIn profile for free.

LP Writers is the best LinkedIn writing service for its value. We chose this resume and LinkedIn profile writing service because they offer a free review of your profile, with no commitment to purchase any profile writing packages. This free review comprises an assessment of your keywords and SEO use, whether or not your content is suitable for your career level, and if your profile truly allows you to stand out to recruiters and hiring managers.

This is a service that most other companies don’t offer before payment. This company also offers a host of free resources all about LinkedIn profiles and different tips to make your LinkedIn the best representation of your experience and skills. If you’ve decided that you want to use their professional profile writers, their prices for a full package start at $299.

The Best Profiles for Executives: Super Star Resume

Super Star Resume is a full service LinkedIn profile & resume writing company. Their writers are able to offer not just LinkedIn profile writing, but also cover letters, resumes, professional bios, and interview preparation. This company is headed by Steven Mostyn, who is a world-leading expert in job hunting strategies. Their clients have landed jobs at leading firms such as Amazon, Bank of America, Oracle, Disney, and more.

We chose Super Star Resume as the LinkedIn writing service with the best service for executives. With an impressive clientele list of professionals and executives who have applied to (and been offered jobs with) well-known companies, Super Star Resume is the perfect LinkedIn profile writing service for CEOs, COOs, and anyone who is aiming to land a C-Suite role. This service can use their expertise and years of writing experience to optimize your LinkedIn profile for the executive roles you want to be noticed for.

Best of all, this service offers unlimited rewrites with their packages. Their job tools are the most effective way to tailor your profile for executive leadership roles.

The Best for Career Changes: ZipJob

Sometimes, you want a bit of a job or career shift. This can be a simple shift from a management role to a senior leadership position, or a more radical shift from one field to another.

Regardless of where you want to go, or how you want to specifically tailor your job search, a great LinkedIn writing service will be able to help you get noticed by the companies, positions, and fields you’re looking to break into.

Overseeing and helping you with a career change is no simple task, so we had to research to find out which LinkedIn profile writing service was best for people looking to switch things up. We landed on ZipJob, which is another full service resume and profile writing company.

ZipJob employs over 100 different certified resume writers – therefore, it’s no surprise that this company has people in almost every industry. With ZipJob, you’re able to access the expertise of a host of different industry professionals and writers.

This is what makes this company unique and especially suited to anyone switching careers. Their writers are well-versed in keyword optimization and how to get your profile and resume noticed, even with applicant tracking system (ATS) technology. They have examples available on their website and their pricing for packages including a LinkedIn profile update starts at $299.

The Best for Quick Results: Resume Writers

The Resume Writers have been in business since 1999, when they were founded as a network of independently contracted resume writers. Much like ZipJob, the Resume Writers has many different certified LinkedIn profile writers who come from a variety of industries and backgrounds. They attempt to match you with the appropriate writer for your desired job and field – if you’re unsatisfied with their expertise, they offer to refund your order and match you with a writer better suited to your needs.

For their LinkedIn profile writing services, the Resume Writers offer a free consultation to discuss the options available to you. With their different writing packages, they offer a guaranteed 72-hour turnaround time. This is why we selected the Resume Writers as the best LinkedIn writing service for quick results. They also have an interview guarantee that makes working with them an easy decision. Their packages offer many different services, but their LinkedIn profile writing service starts at $199.

The Best for Mid-Level Positions: Resume Writing Services

March 20, 2023March 28, 2023

If you’re mid-career and looking for a change, resume and LinkedIn profile services are a great way to start the process. It will be easy to land a higher-paying job when you’ve optimized and spruced up your profile. Resume Writing Services can do that for you.

Their website has testimonials detailing their success stories, and their process is easily and accessible outlined for you. They generally take 3 steps to craft a winning profile or resume for you: they ask for information via a simple online form, schedule communication with the chosen professional writer, and they begin work on any service you’d chosen to purchase.

We chose Resume Writing Services as a recommendation for mid-level job seekers because their resume writers generally come from Human Resources backgrounds. Their combined experience will allow you to make the greatest jumps to senior level positions with greater salaries.

What Makes a Writing Service Stand Out?

There are a few reasons a particular LinkedIn writing service might stand out. We chose the above writing services because they employ certified and professional writers who have diverse industry experience, plus they all promise customer satisfaction and better job prospects, and they all have years of experience. Some other perks you might look for are testimonials, free samples, and other resources available on their websites.

The Bottom Line: Why LPWriters.com and Super Star Resume are the Best

Among the best LinkedIn writing services, we saw that LPWriters.com and Super Star Resume really stood out. LPWriters.com offers a free review of LinkedIn profiles and has a ton of resources and tips you can access online for free. Super Star Resume also has this benefit, with an entire section dedicated to helping you with your job searching materials.

Not only do these profile makeover services employ certified LinkedIn profile writers with years of experience, they also promise edits and rewrites for anyone who isn’t satisfied with their first draft. This is value that is difficult to come by when you’re looking to land your dream job.

Regardless of which resume and LinkedIn profile writing services you research and ultimately use, be confident in your skills and seek to represent yourself accurately in your LinkedIn profile. You’ve taken years to develop your expertise – showing how accomplished you are on LinkedIn will get you noticed that much faster.

8 Best Banks for Small Businesses in California in 2023

For a small business to succeed, having a reliable banking partner is important. There are so many financial institutions available that offer unique financial products and services. This guide contains a selected list of the best banks for small businesses in California. Read on to find one that fits the needs of your business.

Best Banks for Small Businesses in California

Bluevine: Best Secure Online Bank for Small Businesses in California
Capital One: Best Bank for Small Businesses in California for Rewards
U.S. Bank: Best Bank for Small Businesses in California for Its High-Level Financial Services
Bank of America: Best Bank for Small Businesses in California for Payment Services
Axos: Best Digital Banking App
Lili: Best User-Friendly Business Account
Oxygen: Best Business Checking Account for Freelancers
Chase: Best Bank for Small Businesses in California for Its Lines of Credit

Our Methodology

To determine the top banks in California, we looked at their several services and products. We also considered the cost of maintaining the accounts and the minimum balance required to avoid these costs. Furthermore, we paid attention to the banking features of each bank. We also examined the fees charged for bank services and the interest rates for potential customers.

Click here for a more detailed explanation of our methodology.

Bluevine

$4.95 per cash deposit, $2.50 for out-of-network ATM fees, $15 for outgoing wires

2.0% APY

Pay vendors by wire or check, schedule payments, manage cash flow

Capital One

$15 (waivable)

$15 per incoming domestic wire, $25 for outgoing domestic wire

0.20% APY

$2,000

Access credit card accounts, transfer money, deposit checks, access bank statements, access to CreditWise service

U.S. Bank

$0.50 fee for transactions after the first 125, fees at out-of-network ATMs

0.01% APY

$500 for business savings

Transfer funds, view documents, find branch/ATM locations, manage cards

Bank of America

$16

Out-of-network ATM fees, fees for excessive deposits

Up to 0.04% APY

$5,000

Manage accounts, pay and transfer, digital wallets, bill pay

Lili

$2.5 for out of network

1.50% APY

Manage finances and payments, control expenses, and save money for taxes

Chase

$15 (waivable)

$25 to $40 for wire transfers, $0.40 per transaction (after the first 20)

Up to 0.02% APY

Fraud monitoring, card control, pay, and transfer, view offers

Axos

$35 for wire transfer

–

Fund transfer, wire transfer, bill payment.

Oxygen

$3 for out-of-network ATM fee, fees for international transactions, $5 international ATM fee, fees for Ingo mobile check deposit

1.0% APY

Check deposit, bill payment, check deposit, account statement

Bluevine: Best Secure Online Bank for Small Businesses in California

Interest Rates: 2.0% APY

★★★★★

4.7

Bluevine is very popular among small businesses as a secure online banking system. They have a very flexible financing option that suits the needs of any business. Also, Bluevine offers long-term loans and credits for small businesses. These loans have very friendly repayment structures and reasonable interest rates. With their zero deposit balance and few fees, Bluevine has got you covered.

Why we chose it: High-interest rates, minimal fees, and a lack of maintenance requirements make Bluevine the best business bank account for LLCs or other business types.

High-interest rates
Very few fees
No minimum deposit required

No business savings account
No ATM reimbursement
Fee for cash deposits

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Capital One: Best Bank for Small Businesses in California for Rewards

Interest Rates: 0.20% APY

★★★★★

4.6

Banking with Capital one comes with rewards like cashback, travel rewards, and other benefits. They also offer interest-friendly loans and merchant services. Also, Capital One helps secure your financial future by providing various financial services like savings accounts and CDs.

Plus, Capital One offers one of the best banking experiences with incredible technological tools like mobile apps and mobile banking. No matter your location, you can quickly transfer funds and manage your account.

Why we chose it: With no limits on digital transfers, Capital One gives you the freedom to keep funds moving.

Unlimited digital transfers
Does not charge overdraft fees
Large ATM network

Limited physical locations
Monthly account fee
Out-of-network ATM fees

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

U.S. Bank: Best Bank for Small Businesses in California for Its High-Level Financial Services

Interest Rates: 0.01% APY

★★★★★

4.5

U.S bank is the perfect bank for small businesses seeking high-level financial services. They have you covered with various flexible loan options, competitive rates, and repayment structures. What’s more? There are many rewards and other incentives for using their services. These rewards include cashback, Edge Cash Reward credit cards, and SBA cash rewards.

Why we chose it: Small businesses in need of extra funds can turn to U.S. Bank for a plethora of lending options.

Lending to fit your needs
Specialized merchant services for restaurants, retailers, and service providers
2,400 branch locations

Charges for overdrafts
Relatively low APY
Only locations in 28 states

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Bank of America: Best Bank for Small Businesses in California for Payment Services

Interest Rates: Up to 0.04% APY

★★★★★

4.4

Bank of America makes financial services simple and easy for small businesses. With their merchant services, payment through credit and debit cards is easy. This means that customers can easily make payments for services. Safe to say they have one of the best merchant services. Bank of America also offers fraud prevention tools and cash management solutions to help grow and secure your business.

Why we chose it: Bank of America’s rewards come with several perks to make banking a win-win for all parties involved.

Preferred rewards to boost interest rate
Over 17,000 ATMs and 4,300 branches
Can waive the monthly fee

Lacks 24/7 customer service
Monthly fees
Transaction fees when using non-Bank of America ATMs

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Axos: Best Digital Banking App

4.61

★★★★★

Axos Bank puts its customers first by offering the best direct banking services. They also ensure the safety of financial transactions through the Federal Deposit Insurance Corporation. For small businesses looking to invest, Axos Bank offers just that through their subsidiary Axos Invest.

They also provide services like business banking, digital banking, and personal banking. This includes business checking accounts, savings accounts, and mobile pay deposits. With Axos Bank, your small business stands to benefit.

Why we chose it: Free cash deposits and a low fee structure make Axos Basic Business Checking one of the best business bank accounts out there.

No monthly fee and unlimited transactions.
Unlimited domestic ATM fee reimbursements.
Cash deposits via MoneyPass and AllPoint ATMs.
Welcome bonus for new customers (terms apply).
24/7 customer support.

No third-party app integrations.
Interest checking APY is good, but not great

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Lili: Best User-Friendly Checking Account

4.57

★★★★★

Lili offers an all-in-one user-friendly business checking account that streamlines all your financial needs. They offer a banking solution tailored to meet the demands of freelancers and small business owners. With a simple and user-friendly online checking account, you can manage your taxes.

You can also carry out payments and other business transactions with one account. Plus, you can save more money with no fees or minimum deposit requirements. With Lili, managing your funds and financial transactions is just a fingertip away.

Why we chose it: Lili’s minimal fees and tax optimization software help businesses hold onto hard-earned income. Plus, if you’re looking for an online best business checking account with no credit checks, Lili is a great option.

No fees, minimum balance requirements, or minimum opening deposit.
Unlimited fee-free transactions.
Fee-free ATM access through the MoneyPass network; ability to deposit cash through the Green Dot network.
Integrated tools for managing expenses and planning for taxes.
Offers an early payment feature with direct deposit, allowing you to receive funds up to two days sooner than you might with a traditional bank account.

Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
No checkbooks; can’t send or receive wire transfers.
Limited business-related features, e.g., doesn’t offer joint accounts, multiple business debit cards, or third-party integrations.

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Oxygen: Best Bank for Its Business Offerings

4.0

★★★★★

Oxygen has written its name in the heart of the fintech world by providing top-notch banking experience and service delivery. For people looking to minimise their banking expenses, Oxygen is the best choice. With their no-fee banking, customers are charged zero fees for monthly maintenance and overdraft.

With their mobile banking, you can manage your account from anywhere. With their deposit options, you can fund your business checking accounts in several ways. This includes mobile check deposits, direct deposits, and mobile transfers.

Why we chose it: Oxygen speaks the language of the trendy business owner, offering some cool banking features along the way. It’s also one of the best checking accounts for sole proprietors.

Aimed at trendy business owners
5% Cashback rewards
Create virtual, single-use debit cards

Virtual bank, no cash deposits
Fewer integrations than other options
No lending options

Fees

Interest Rates

Minimum Balance

Mobile Banking Features

Chase: Best Bank for Small Businesses in California for Its Lines of Credit

Interest Rates: Up to 0.02% APY

★★★★★

4.2

Chase Bank offers one of the best loans and credit lines for small businesses. They offer their customers a wide range of financial products and services. Chase Bank offers just that for small businesses looking for flexible and easy-to-repay loans. Also, they offer fantastic and user-friendly online and mobile banking systems.

This means you can pay your bills, manage your account and transfer funds from anywhere. They also provide excellent security for financial transactions, multi-factor authentication, fraud monitoring, and secure encryption.

Why we chose it: Chase adds a long list of merchant services to its traditional banking to help your business succeed.

Several available merchant services
Multiple ways to waive the monthly maintenance fee
$300 sign-on bonus

Monthly maintenance fees
Only 20 free transactions per month
Minimal APY

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Methodology for the Best Banks for Small Businesses in California

We examined several factors to select the best banks for small businesses in California. This includes elements that can influence the opening and management of accounts. We thoroughly analyzed these findings to ensure accuracy.

Fees: Small businesses often have to count every penny. Using a bank that nickels and dimes you for every little thing can quickly run your account dry. We looked for banks without maintenance fees or at least the option to waive said charge with a few simple steps. It was also crucial to locate institutions that minimize costs for transactions and transfers that every business needs to perform.
Interest Rates: We realize business bank accounts function primarily for organizations and making payments, but that doesn’t mean you can’t earn a little interest on the side. Between checking and savings accounts, we called out banks offering easily accessible rates you can use for some extra cash. Some options even go well beyond the national average.
Minimum Balance: Banks with maintenance fees will often waive them if you have enough money in said account. Small businesses may not have a lot of money to work with early on, so we identified institutions with low balance requirements to avoid fees. Some banks also have account minimums to unlock interest rates or other rewards.
Access to Mobile Banking: In our fast-paced world, having all your banking needs at your fingertips is a huge win. Mobile devices also played a role in the emergence of online-only banks with accounts you can access from anywhere. Even banks traditionally known for physical locations are amping up mobile apps to compete with the masses. Our selections highlight banks with top-tier mobile banking options to manage finances and make payments.
Ease of Use: When making our top banking for small business picks, we wanted to ensure features were straightforward to use. This applies to everything from transfers and payments to opening a business bank account with nothing more than an EIN. No bank account should be more trouble than it’s worth.

Best Banks for Small Businesses in California – Frequently Asked Questions (FAQs)

Do you have more questions about opening a bank account for your California business? This FAQ has the answers to your questions:

What are the requirements to open a business account in California?

To open a business bank account in California, you will generally need business documentation, personal identification for all owners or authorised signers, and a minimum deposit. Some banks may also require additional documentation such as proof of address or a business plan.

Can I open a bank account with my EIN number?

Can I open a business bank account without an EIN in California?

No. In most cases, you can’t open a business account without an EIN in California. Banks require an EIN as part of opening a business bank account. If you do not have an EIN, you can apply to get one through the IRS website.

How much should a small business have in a bank account?

Bottom Line

If you own a small business in California, opening a business bank account is smart. This will help you manage your finances better, build good customer relationships, and carry out transactions easily. Bluevine came top of our list in this roundup, but every other bank in our review is good for you as well.

Always consider the ease of banking, products offered, and services referred. You are on the right track if those factors meet your financial goals.

Best Business Bank Accounts by State

Below you will find an interactive U.S map that can help you locate and compare different banks and financial institutions that offer business accounts in your area.

8 Best Banks for Small Businesses in Colorado in 2023

Being an entrepreneur in the United States can be profitable, however, it has its challenges. Finances remain a major aspect of small business in the world and unless you use a reliable bank, you will find it difficult to break through.

The best banks in Colorado for small businesses provide their clients with excellent banking services which will make your business successful. Here is detailed information about these banks and their products.

Best Banks for Small Businesses in Colorado

Bluevine: Best Best for Low Account Fees
Capital One: Best Overall Bank for Flexible Loan Options for Small Businesses
U.S. Bank: Best Bank for Serving Financial Needs
Bank of America: Best Bank for Checking and Savings Account
Axos: Best Bank for Business Checking Accounts
Lili: Best for Account Flexibility
Oxygen: Best Bank for SMEs and Startups
Chase Business: Best Bank Account for Merchant Service

Our Methodology

When choosing the best banks for small businesses in Colorado, there are some criteria we use to review them. We check how easy opening an account is, the documents needed, the charges to maintain the account, and customer support.

Moreover, we look at hidden charges, banking products, and interests on loans. It is also important to check their mobile apps and if their platform has a user-friendly UI/UX design.

Click here for a more detailed explanation of our methodology.

Bluevine

$4.95 per cash deposit, $2.50 for out-of-network ATM fees, $15 for outgoing wires

2.0% APY

Pay vendors by wire or check, schedule payments, manage cash flow

Capital One

$15 (waivable)

$15 per incoming domestic wire, $25 for outgoing domestic wire

0.20% APY

$2,000

Access credit card accounts, transfer money, deposit checks, access bank statements, access to CreditWise service

U.S. Bank

$0.50 fee for transactions after the first 125, fees at out-of-network ATMs

0.01% APY

$500 for business savings

Transfer funds, view documents, find branch/ATM locations, manage cards

Bank of America

$16

Out-of-network ATM fees, fees for excessive deposits

Up to 0.04% APY

$5,000

Manage accounts, pay and transfer, digital wallets, bill pay

Lili

$2.5 for out of network

1.50% APY

Manage finances and payments, control expenses, and save money for taxes

Chase

$15 (waivable)

$25 to $40 for wire transfers, $0.40 per transaction (after the first 20)

Up to 0.02% APY

Fraud monitoring, card control, pay, and transfer, view offers

Axos

$35 for wire transfer

–

Fund transfer, wire transfer, bill payment.

Oxygen

$3 for out-of-network ATM fee, fees for international transactions, $5 international ATM fee, fees for Ingo mobile check deposit

1.0% APY

Check deposit, bill payment, check deposit, account statement

Bluevine: Best Best for Low Account Fees

Interest Rates: 2.0% APY

★★★★★

4.7

Bluevine Banking solution is one of the best banks that small businesses can use in Colorado. It was established to help new businesses (small & medium) to grow easily. Bluevine provides clients with the chance to have an interest in their balance. As a small business owner, you can sign up with their online bank within five minutes and engage in multiple transactions.

All account holders get a Bluevine Business Debit Mastercard and can use their mobile app easily. If you have any issue with your card, you can easily lock your card via their app immediately.

Why we chose it: High-interest rates, minimal fees, and a lack of maintenance requirements make Bluevine the best business bank account for LLCs or other business types.

High-interest rates
Very few fees
No minimum deposit required

No business savings account
No ATM reimbursement
Fee for cash deposits

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Capital One: Best Overall Bank for Flexible Loan Options for Small Businesses

Interest Rates: 0.20% APY

★★★★★

4.6

Capital One Bank is one of the top financial institutions in Colorado which offers various services for small businesses. They are known for being highly innovative, creative, and rewarding. When you register with Capital One, you can rest assured that all your financial problems have come to an end.

Customers will get branch access, credit cards, auto loans, and mouthwatering financial products. Capital One provides full-service Internet access with no hidden charges. If you are an entrepreneur and need an online bank for your business, they are reliable.

Why we chose it: With no limits on digital transfers, Capital One gives you the freedom to keep funds moving.

Unlimited digital transfers
Does not charge overdraft fees
Large ATM network

Limited physical locations
Monthly account fee
Out-of-network ATM fees

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

U.S. Bank: Best Bank for Serving Financial Needs

Interest Rates: 0.01% APY

★★★★★

4.5

U. S Bank also called U.S Bancorp is known as a financial company that offers various monetary services such as Loans, cash management, and ATM processing in Colorado. You can easily open checking accounts such as Safe Debit Account and Smartly Checking Account.

The one that suits you depends on your financial needs. If you aim to avoid the monthly service fee, then the Smartly checking account is ideal. But if you want to waive overdraft fees, the Safe Debit account is recommended.

Why we chose it: Small businesses in need of extra funds can turn to U.S. Bank for a plethora of lending options.

Lending to fit your needs
Specialized merchant services for restaurants, retailers, and service providers
2,400 branch locations

Charges for overdrafts
Relatively low APY
Only has locations in 28 states

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Bank of America: Best Bank for Checking and Savings Account

Interest Rates: Up to 0.04% APY

★★★★★

4.4

Bank of America remains one of the top banks for people involved in small businesses in Colorado. They provide various checking and saving accounts that are easy to maintain. They have more than 3,500 branches nationwide and have quality digital products very few banks can match. Their online app helps pay bills, makes easy transfers, and other online saving features.

BOA accounts come with an AI known as Erica which provides detailed financial advice based on your needs. Small businesses in Colorado that need POS terminals or other financial features that will help them should consider banking with them.

Why we chose it: Bank of America’s rewards come with several perks to make banking a win-win for all parties involved.

Preferred rewards to boost interest rate
Over 17,000 ATMs and 4,300 branches
Can waive the monthly fee

Lacks 24/7 customer service
Monthly fees
Transaction fees when using non-Bank of America ATMs

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Axos: Best Bank for Business Checking Accounts

4.75

★★★★★

Axos bank was launched in 2000 to cater to small and medium businesses in Colorado. They pride themselves on being an innovative and tech-driven financial institution that can cater to millions of people. They have numerous online account options for businesses and individuals.

You will enjoy their numerous checking accounts which are made for various benefits. Moreover, customers will also enjoy investment services, easy loan options, POS terminals, and a lucrative money market. With the various monetary options provided by Axos, they are a good choice for all small business needs.

Why we chose it: Free cash deposits and a low fee structure make Axos Basic Business Checking one of the best business bank accounts out there.

No monthly fee and unlimited transactions.
Unlimited domestic ATM fee reimbursements.
Cash deposits via MoneyPass and AllPoint ATMs.
Welcome bonus for new customers (terms apply).
24/7 customer support.

No third-party app integrations.
Interest checking APY is good, but not great

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Lili: Best for Account Flexibility

4.55

★★★★★

Lili bank is a digital financial institution that is ideal for small businesses, especially freelancers. They offer flexible accounts which can be opened at low-fee. These accounts come with features that can help small e-commerce businesses to manage their income easily.

Moreover, note that a Lili account can only be opened by small businesses in Colorado that run business with their EIN. It’s specifically designed for businesses that are opened in their name. Lili doesn’t have fees for most accounts outside the deposited checks and international ATMS.

Why it is recommended: Lili is ideal for entrepreneurs and single members LLXs. It’s nice for businesses who want easy online banking services and individuals looking for an online best business checking account with no hidden fees, Lili comes highly recommended.

No fees, minimum balance requirements, or minimum opening deposit.
Unlimited fee-free transactions.
Fee-free ATM access through the MoneyPass network; ability to deposit cash through the Green Dot network.
Integrated tools for managing expenses and planning for taxes.
Offers an early payment feature with direct deposit, allowing you to receive funds up to two days sooner than you might with a traditional bank account.

Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
No checkbooks; can’t send or receive wire transfers.
Limited business-related features, e.g., doesn’t offer joint accounts, multiple business debit cards, or third-party integrations.

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Oxygen: Best Bank for SMEs and Startups

4.45

★★★★★

Oxygen is a legal financial company that provides numerous banking services to individuals and small businesses in Colorado. While they aren’t a bank, all your funds and transactions are FDIC-insured. The accounts you open with them aren’t subjected to huge fees like your traditional banks.

You can make purchases online which guarantees you some cash back. They also provide some virtual cards if you don’t want to buy things online with your real debit cards. It is popular among SMEs, startups, and people who want a stress-free online banking solution.

Why we chose it: Oxygen speaks the language of the trendy business owner, offering some cool banking features along the way. It’s also one of the best checking accounts for sole proprietors.

Aimed at trendy business owners
5% Cashback rewards
Create virtual, single-use debit cards

Virtual bank, no cash deposits
Fewer integrations than other options
No lending options

Fees

Interest Rates

Minimum Balance

Mobile Banking Features

Chase: Best Bank for Business Account Services

Interest Rates: Up to 0.02% APY

★★★★★

4.2

Chase is one of Colorado’s biggest financial institutions which provides excellent services for small businesses. They offer everything from investment to foreign exchange, various digital products, and flexible loans. You will also love their credit cards and account choices.

Chase boasts of more checking and saving options than most banks in Colorado. To open an account with them is easy and their requirements aren’t much. Their interest rates are low though, but they make up great mobile apps and perfect security.

Why we chose it: Chase adds a long list of merchant services to its traditional banking to help your business succeed.

Several available merchant services
Multiple ways to waive the monthly maintenance fee
$300 sign-on bonus

Monthly maintenance fees
Only 20 free transactions per month
Minimal APY

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Methodology for the Best Banks for Small Businesses in Colorado

While there are many banks and financial institutions in Colorado, not all of them can offer small businesses an ideal banking experience. Below are some of the factors and methodologies we considered when choosing the best banks on this list :

Fees: Small businesses often have to count every penny. Using a bank that nickels and dimes you for every little thing can quickly run your account dry. We looked for banks without maintenance fees or at least the option to waive said charge with a few simple steps. It was also crucial to locate institutions that minimize costs for transactions and transfers that every business needs to perform.
Interest Rates: We realize business bank accounts function primarily for the purpose of organization and making payments, but that doesn’t mean you can’t earn a little interest on the side. Between checking and savings accounts, we called out banks offering easily accessible rates you can use for some extra cash. Some options even go well beyond the national average.
Minimum Balance: Banks with maintenance fees will often waive them if you have enough money in said account. Small businesses may not have a lot of money to work with early on, so we identified institutions with low balance requirements to avoid fees. Some banks also have account minimums to unlock interest rates or other rewards.
Access to Mobile Banking: In our fast-paced world, having all your banking needs at your fingertips is a huge win. Mobile devices also played a role in the emergence of online-only banks with accounts you can access from anywhere. Even banks traditionally known for physical locations are amping up mobile apps to compete with the masses. Our selections highlight banks with top-tier mobile banking options to manage finances and make payments.
Ease of Use: When making our top banking for small business picks, we wanted to ensure features were straightforward to use. This applies to everything from transfers and payments to opening a business bank account with nothing more than an EIN. No bank account should be more trouble than it’s worth.

Best Banks for Small Businesses in Colorado Frequently Asked Questions (FAQs)

If you have a small business in Colorado, there are certain important things you need to know. Here are some frequently asked questions and answers which will benefit you :

Which account type is best for small businesses in Colorado?

If you are a small business owner in Colorado and need an account that serves your interest, opening a business bank account is highly recommended. There are numerous business accounts offered by the best banks in Colorado which include credit card accounts, savings accounts, and checking accounts.

Can I open a bank account with my EIN number?

What are the requirements to open a business bank account in Colorado?

To open a business bank account in Colorado, you will need to pass some requirements. You need to have a business entity for the state of Colorado. It could be a corporation or an LLC. Also, you will need to have an article of Organization and also be a member of corporate resolution.

How much should a small business have in a bank account?

Bottom Line

There are many advantages of opening a business bank account in Colorado for small businesses. However, when you decide to open such an account, only use the best banks that can offer the best financial services.

These banks provide flexible loan offers, easy registration, simple transfer option, and seamless customer service. The banks explained above are reliable, and credible and have the right features to make your business better.

Best Business Bank Accounts by State

Below you will find an interactive U.S map that can help you locate and compare different banks and financial institutions that offer business accounts in your area.

8 Best Banks for Small Businesses in Arizona in 2023

Starting a small business requires access to finance which can sometimes be challenging. That is why getting the right banking partner is important for business success. The banks for small businesses in Arizona on this list offer the best functionalities and services to ensure that your business’ monetary affairs are excellent. Keep reading this guide to find out more about our top picks.

Best Banks for Small Businesses in Arizona

Bluevine: Best Banking Solution for Small Businesses
Capital One: Best Bank for Small Businesses for Competitive Savings Rate and Low Opening Balance
U.S. Bank: Best Bank for Small Businesses for Its Financial Products and Extensive Network
Bank of America: Best Bank for Small Businesses for Ease of Banking
Axos: Best Online Basic Business Checking Account
Lili: Best User-Friendly Business Checking Account
Oxygen: Best Business Checking Account for Startups
Chase: Best Bank for Small Businesses in Arizona for Its Financial Loan Offers

Our Methodology

In determining the top Arizona Bank for small businesses, we considered the cost of opening and maintaining an account and the minimum balance required to avoid such expenses. Also, we looked at the service fee for using the bank’s services and the interest rate for users. Plus, we reviewed the effectiveness and reliability of their various mobile banking systems.

Click here for a more detailed explanation of our methodology.

Bluevine

$4.95 per cash deposit, $2.50 for out-of-network ATM fees, $15 for outgoing wires

2.0% APY

Pay vendors by wire or check, schedule payments, manage cash flow

Capital One

$15 (waivable)

$15 per incoming domestic wire, $25 for outgoing domestic wire

0.20% APY

$2,000

Access credit card accounts, transfer money, deposit checks, access bank statements, access to CreditWise service

U.S. Bank

$0.50 fee for transactions after the first 125, fees at out-of-network ATMs

0.01% APY

$500 for business savings

Transfer funds, view documents, find branch/ATM locations, manage cards

Bank of America

$16

Out-of-network ATM fees, fees for excessive deposits

Up to 0.04% APY

$5,000

Manage accounts, pay and transfer, digital wallets, bill pay

Lili

$2.5 for out of network

1.50% APY

Manage finances and payments, control expenses, and save money for taxes

Chase

$15 (waivable)

$25 to $40 for wire transfers, $0.40 per transaction (after the first 20)

Up to 0.02% APY

Fraud monitoring, card control, pay, and transfer, view offers

Axos

$35 for wire transfer

–

Fund transfer, wire transfer, bill payment.

Oxygen

$3 for out-of-network ATM fee, fees for international transactions, $5 international ATM fee, fees for Ingo mobile check deposit

1.0% APY

Check deposit, bill payment, check deposit, account statement

Bluevine: Best Banking Solution for Small Businesses in Arizona

Interest Rates: 2.0% APY

★★★★★

4.7

Bluevine is the perfect banking solution tailor-made for Arizona small businesses. It has an online banking platform that is user-friendly and accessible regardless of location. With their quick and convenient delivery, you can connect to your small business account and get updates within minutes.

With Bluevine, no business is left out, as they offer secure and flexible financing options that meet the needs of any business. They offer unlimited transactions, no minimum deposit balance, and no monthly fees. Also, they have excellent customer service and reliable client support.

Why we chose it: High-interest rates, minimal fees, and a lack of maintenance requirements make Bluevine the best business bank account for LLCs or other business types.

High-interest rates
Very few fees
No minimum deposit required

No business savings account
No ATM reimbursement
Fee for cash deposits

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Capital One: Best Bank for Competitive Savings Rate and Low Opening Balance

Interest Rates: 0.20% APY

★★★★★

4.6

Capital One is ideal for small businesses looking for competitive savings rates and no interest fees. They offer full banking services, amazing rewards for new customers, and incredible banking features needed for any business to grow.

Also, Capital One mobile banking system has a user-friendly interface. With this, you can easily manage your account from anywhere. Their unlimited transfers mean you don’t need to pay any fee to access your funds whenever required. Additionally, their customer service is available to attend to your needs anytime.

Why we chose it: With no limits on digital transfers, Capital One gives you the freedom to keep funds moving.

Unlimited digital transfers
Does not charge overdraft fees
Large ATM network

Limited physical locations
Monthly account fee
Out-of-network ATM fees

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

U.S. Bank: Best Bank for Its Financial Products and Extensive Network

Interest Rates: 0.01% APY

★★★★★

4.5

Most small businesses need a bank with unique financial products and services that meet their needs. U.S. bank offers such services with ease. They offer fantastic financial services, including loans to upgrade your business. With their wide selection of accounts and financial products, plenty of deposit accounts exist.

U.S. Bank has reliable customer service, competitive rates, and low fees. Also, their vast network of branches and ATMs makes it easy to operate your account and access other bank services from anywhere in Arizona.

Why we chose it: Small businesses in need of extra funds can turn to U.S. Bank for a plethora of lending options.

Lending to fit your needs
Specialized merchant services for restaurants, retailers, and service providers
2,400 branch locations

Charges for overdrafts
Relatively low APY
Only has locations in 28 states

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Bank of America: Best Bank for Ease of Banking

Interest Rates: Up to 0.04% APY

★★★★★

4.4

If you need a reliable banking system for your small business, Bank of America is your best choice. With their merchant services, it is easier for small businesses to accept credit and debit card payments from their customers. This service helps make banking easy for their customers and increases sales.

Also, their services are compatible with different payment systems. These systems include point-of-sale (POS) terminals, mobile payment platforms, and online payment gateways. With this, small businesses can choose any payment system that fits their needs.

Their competitive business rate can help grow your business’s income over time. Bank of America’s user-friendly mobile app features bill pay and mobile check deposit. The mobile app also has a fingerprint scan and a security feature to keep small businesses and their customers safe from fraud.

Why we chose it: Bank of America’s rewards come with several perks to make banking a win-win for all parties involved.

Preferred rewards to boost interest rate
Over 17,000 ATMs and 4,300 branches
Can waive the monthly fee

Lacks 24/7 customer service
Monthly fees
Transaction fees when using non-Bank of America ATMs

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Axos: Best Online Basic Business Checking Account

4.6

★★★★★

Axos is fully FDIC- insured and offers its customers a wide range of financial services. They have become a household name in Arizona due to their fantastic customer service, security, and innovative technology. In 2022, they made significant improvements to achieve better service delivery.

These improvements include introducing a cash deposit ability for all accounts and a zero transaction limit. They also have opening deposit requirements for their business account.

Axos Bank offers two main business checking accounts. These accounts include Basic Business Checking (free) and Basic Business Checking (up to 1.01% APY with a $10 monthly fee).

Why we chose it: Free cash deposits and a low fee structure make Axos Basic Business Checking one of the best business bank accounts out there.

No monthly fee and unlimited transactions.
Unlimited domestic ATM fee reimbursements.
Cash deposits via MoneyPass and AllPoint ATMs.
Welcome bonus for new customers (terms apply).
24/7 customer support.

No third-party app integrations.
Interest checking APY is good, but not great

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Lili: Best User-Friendly Business Checking Account

4.57

★★★★★

Lili is a reliable online checking account provider in Arizona. They are committed to providing user-friendly, affordable banking solutions. Lili offers various tools that can help you file accurate tax reports for your small business. They provide digital tools that you can use to execute several financial transactions with one account. Lili is an excellent option for businesses looking for online checking accounts that offer minimal fees.

We chose it: Lili’s low fees and user-friendly digital tools make it hard to overlook. Also, for a business that wants to streamline its finances, Lili is the answer.

No fees, minimum balance requirements, or minimum opening deposit.
Unlimited fee-free transactions.
Fee-free ATM access through the MoneyPass network; ability to deposit cash through the Green Dot network.
Integrated tools for managing expenses and planning for taxes.
Offers an early payment feature with direct deposit, allowing you to receive funds up to two days sooner than you might with a traditional bank account.

Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
No checkbooks; can’t send or receive wire transfers.
Limited business-related features, e.g., doesn’t offer joint accounts, multiple business debit cards, or third-party integrations.

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Oxygen: Best Business Checking Account for Startups

4.0

★★★★★

Oxygen is a top-rated online banking provider among small businesses and startups. It is a modern and free online bank that offers many advantages for managing finances.

Oxygen charges zero monthly fees for their business accounts and have no minimum balance requirements. An Oxygen business account includes free online banking, mobile banking, and a debit Mastercard.

Why we chose it: Oxygen speaks the language of the trendy business owner, offering some cool banking features along the way. It’s also one of the best checking accounts for sole proprietors.

Aimed at trendy business owners
5% Cashback rewards
Create virtual, single-use debit cards

Virtual bank, no cash deposits
Fewer integrations than other options
No lending options

Fees

Interest Rates

Minimum Balance

Mobile Banking Features

Chase: Best Bank for Its Financial Loan Offers

Interest Rates: Up to 0.02% APY

★★★★★

4.2

Chase is a top pick among small business owners because of its merchant services and financial loan offers. Their bonuses for new customers are just some of the amusing rewards offered to customers.

With thousands of branches and ATMs, you can access your cash anywhere in Arizona. It is a full-service bank with checking, loans, credit cards, and investing.

Why we chose it: Chase adds a long list of merchant services to its traditional banking to help your business succeed.

Several available merchant services
Multiple ways to waive the monthly maintenance fee
$300 sign-on bonus

Monthly maintenance fees
Only 20 free transactions per month
Minimal APY

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Methodology for the Best Banks for Small Businesses in Arizona

We considered several aspects of opening a business bank account and managing finances which are essential to finding the best banks for small businesses in Arizona. Below are some key factors we considered before arriving at our decision.

Fees: Small businesses often have to count every penny. Using a bank that nickels and dimes you for every little thing can quickly run your account dry. We looked for banks without maintenance fees or at least the option to waive said charge with a few simple steps. It was also crucial to locate institutions that minimize costs for transactions and transfers that every business needs to perform.
Interest Rates: We realize business bank accounts function primarily for organizations and making payments, but that doesn’t mean you can’t earn a little interest on the side. Between checking and savings accounts, we called out banks offering easily accessible rates you can use for some extra cash. Some options even go well beyond the national average.
Minimum Balance: Banks with maintenance fees will often waive them if you have enough money in said account. Small businesses may not have a lot of money to work with early on, so we identified institutions with low balance requirements to avoid fees. Some banks also have account minimums to unlock interest rates or other rewards.
Access to Mobile Banking: In our fast-paced world, having all your banking needs at your fingertips is a huge win. Mobile devices also played a role in the emergence of online-only banks with accounts you can access from anywhere. Even banks traditionally known for physical locations are amping up mobile apps to compete with the masses. Our selections highlight banks with top-tier mobile banking options to manage finances and make payments.
Ease of Use: When making our top banking for small business picks, we wanted to ensure features were straightforward to use. This applies to everything from transfers and payments to opening a business bank account with nothing more than an EIN. No bank account should be more trouble than it’s worth.

Best Banks for Small Businesses in Arizona Frequently Asked Questions (FAQs)

If you have questions about opening a bank account for your Arizona business? This FAQ will answer those questions:

What Documents are Required When Applying for a Small Business Loan in Arizona?

The document required to apply for a small business loan in Arizona may vary depending on the type of loan. You will need your business’s financial statements and evidence of tax returns. Business plans and a valid government-issued ID are also required.

Can I open a bank account with my EIN number?

How Can I Open a Business Checking Account for My Small Business in Arizona?

To open a business checking account for your small business in Arizona, choose the bank that best suits your needs. After that, submit the required documents and fee for account opening. Examples of these documents include your LLC operating agreement and a valid ID.

How much should a small business have in a bank account?

Bottom Line

As a small business owner in Arizona, opening a business bank account offers several benefits. With a business account, you can easily monitor your financial records. You can also access loans, credit cards, and merchant services.

The banks on this list offer user-friendly online banking systems, top-notch security, fantastic offers, and excellent customer service. If you are in Arizona, consider these banks the solution to fulfilling the financial needs of your small business.

Best Business Bank Accounts by State

Below you will find an interactive U.S map that can help you locate and compare different banks and financial institutions that offer business accounts in your area.

8 Best Banks for Small Businesses in Alaska in 2023

Having a reliable bank to manage your business finances is the bedrock of a successful business. As a small business owner, your bank of choice can either stunt the growth of your business or promote it.

Whether you’re a new or existing small business owner in Alaska finding it difficult to decide on your choice of bank, this article is for you. It will guide you on all you need to make an informed decision.

We’ve researched and brought together in this article the best banks for small businesses in Alaska. Read on to find the most suitable one for your business.

Best Banks for Small Businesses in Alaska

Bluevine: Best Bank for Online Banking
Capital One: Best Bank for Credit Card Offerings
Lili: Best for Freelancers and Independent Contractors
U.S. Bank: Best Bank for Loan Offers
Oxygen: Best for a Sole proprietor business
Axos: Best for Affordable Banking
Bank of America: Best Bank for in-person banking
Chase Bank: Best Bank for Fraud Protection Service

Our Methodology

We carried out extensive research before concluding these are the best banks for small businesses in Alaska. Our methodologies include assessing the banks on a range of features such as access to mobile banking, interest rates, monthly and transaction fees, online ratings, minimum balance requirements, and ease of use. Our choice is narrowed down to the banks in this article based on these criteria.

Click here for a more detailed explanation of our methodology.

Bluevine

$4.95 per cash deposit, $2.50 for out-of-network ATM fees, $15 for outgoing wires

2.0% APY

Pay vendors by wire or check, schedule payments, manage cash flow

Capital One

$15 (waivable)

$15 per incoming domestic wire, $25 for outgoing domestic wire

0.20% APY

$2,000

Access credit card accounts, transfer money, deposit checks, access bank statements, access to CreditWise service

U.S. Bank

$0.50 fee for transactions after the first 125, fees at out-of-network ATMs

0.01% APY

$500 for business savings

Transfer funds, view documents, find branch/ATM locations, manage cards

Bank of America

$16

Out-of-network ATM fees, fees for excessive deposits

Up to 0.04% APY

$5,000

Manage accounts, pay and transfer, digital wallets, bill pay

Lili

$2.5 for out of network

1.50% APY

Manage finances and payments, control expenses, and save money for taxes

Chase

$15 (waivable)

$25 to $40 for wire transfers, $0.40 per transaction (after the first 20)

Up to 0.02% APY

Fraud monitoring, card control, pay, and transfer, view offers

Axos

$35 for wire transfer

–

Fund transfer, wire transfer, bill payment.

Oxygen

$3 for out-of-network ATM fee, fees for international transactions, $5 international ATM fee, fees for Ingo mobile check deposit

1.0% APY

Check deposit, bill payment, check deposit, account statement

Bluevine: Best Bank for Online Banking in Alaska

Interest Rates: 2.0% APY

★★★★★

4.7

Bluevine was built to help small business owners who prefer to manage their finances on their phones and do not want the stress of visiting a physical branch. It has the highest interest rate of all the banks on our list. You can earn up to 2.0% APY on your account balance.

Other perks of opening a Bluevine checking account include unlimited fee-free transactions, no monthly or overdraft fees, and no minimum opening deposits.

It offers strictly online banking and has a mobile app that can be accessed by Android and iPhone users. Its customer care support is also top-notch; always available to tend to customers’ complaints.

Why we chose it: High-interest rates, minimal fees, and a lack of maintenance requirements make Bluevine the best business bank account for LLCs or other business types.

High-interest rates
Very few fees
No minimum deposit required

No business savings account
No ATM reimbursement
Fee for cash deposits

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Capital One: Best Bank for Credit Card Offerings in Alaska

Interest Rates: 0.20% APY

★★★★★

4.6

Capital One is popular for its extensive credit card offerings but it offers more benefits to small businesses. Capital One’s credit cards allow you to earn more money when you use them for purchases.

Capital One does not charge monthly fees or require a minimum balance to open an account and there is no limit on the transfers you can make. You can access Capital One on your mobile device and also visit any of their branches if you prefer physical banking.

Why we chose it: With no limits on digital transfers, Capital One gives you the freedom to keep funds moving.

Unlimited digital transfers
Does not charge overdraft fees
Large ATM network

Limited physical locations
Monthly account fee
Out-of-network ATM fees

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

U.S. Bank: Best Bank for Loan Offers in Alaska

Interest Rates: 0.01% APY

★★★★★

4.5

If you’re looking for quick funds for your business, you should consider U.S bank. It has the best loan offer for small businesses in Alaska. The loan has a flexible term and competitive rate that makes paying back easy.

Apart from this, U.S bank also offers merchant services to help your customers make payments with different options, including point-of-sales options. It also provides an opportunity to earn up to a $500 sign-up bonus.

It has more than 2,000 physical branches that you can visit even when you’re out of state and you can also access it online on your mobile device.

Why we chose it: Small businesses in need of extra funds can turn to the U.S. Bank for a plethora of lending options.

Lending to fit your needs
Specialized merchant services for restaurants, retailers, and service providers
2,400 branch locations

Charges for overdrafts
Relatively low APY
Only has locations in 28 states

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Bank of America: Best Bank for In-person Banking in Alaska

Interest Rates: Up to 0.04% APY

★★★★★

4.4

If you’re the kind of person that values access to physical branches and large ATM networks, then Bank of America is for you. It also has excellent online functionality and a lot of reward offers. Bank of America has many tools that can benefit your business and your customers.

It offers access to merchant services, payroll services, remote deposits, and access to massive ATM networks. Bank of America business checking account does not require a minimum deposit to open an account. Its monthly fees are also waivable if you meet the requirements.

Why we chose it: Bank of America’s rewards come with several perks to make banking a win-win for all parties involved.

Preferred rewards to boost interest rate
Over 17,000 ATMs and 4,300 branches
Can waive the monthly fee

Lacks 24/7 customer service
Monthly fees
Transaction fees when using non-Bank of America ATMs

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Axos: Best Bank For Affordable Banking in Alaska

4.61

★★★★★

Axos business checking account is best for you if you’re looking for affordable banking. With Axos, you don’t have to worry about monthly fees or minimum balance requirements, and you’ll be given a modest number of free monthly transactions.

Axos offers full-service online banking and has user-friendly online banking tools that can be used to manage your account. It also offers ATM fee reimbursement which is not common to other banks. With Axos, you can earn and do more with your money.

Why we chose it: Free cash deposits and a low fee structure make Axos Basic Business Checking one of the best business bank accounts out there.

No monthly fee and unlimited transactions.
Unlimited domestic ATM fee reimbursements.
Cash deposits via MoneyPass and AllPoint ATMs.
Welcome bonus for new customers (terms apply).
24/7 customer support.

No third-party app integrations.
Interest checking APY is good, but not great

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Lili: Best Bank in Alaska for Freelancers and Independent Contractors

4.57

★★★★★

Lili bank is best for small businesses that do not have accountants to manage their finances. Lili has a mobile banking system that provides integrated tools to keep track of your finances accurately.

From recording all business transactions to keeping financial records for tax time, Lili has business accounting software to help manage all of this accurately.

Also, the Lili bank account doesn’t require a minimum opening deposit or any minimum balance requirement. It doesn’t charge any monthly fee and offers free overdraft protection.

No fees, minimum balance requirements, or minimum opening deposit.
Unlimited fee-free transactions.
Fee-free ATM access through the MoneyPass network; ability to deposit cash through the Green Dot network.
Integrated tools for managing expenses and planning for taxes.
Offers an early payment feature with direct deposit, allowing you to receive funds up to two days sooner than you might with a traditional bank account.

Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
No checkbooks; can’t send or receive wire transfers.
Limited business-related features, e.g., doesn’t offer joint accounts, multiple business debit cards, or third-party integrations.

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Oxygen: Best Bank in Alaska for Sole proprietor Businesses

4.0

★★★★★

Like Lili bank, Oxygen is a bank that is most suitable for a one-man business. It sought to serve sole proprietors and independent business owners by providing a host of accounting services and features. Its service comes with in-app accounting software that helps track finances accurately.

Oxygen also offers cash-back rewards on debit card purchases. Its other perks include; no monthly fee, no minimum balance or minimum deposit requirements, and no overdraft fee.

Why we chose it: Oxygen speaks the language of the trendy business owner, offering some cool banking features along the way. It’s also one of the best checking accounts for sole proprietors.

Aimed at trendy business owners
5% Cashback rewards
Create virtual, single-use debit cards

Virtual bank, no cash deposits
Fewer integrations than other options
No lending options

Fees

Interest Rates

Minimum Balance

Mobile Banking Features

Chase: Best Bank in Alaska for Fraud Protection Service

Interest Rates: Up to 0.02% APY

★★★★★

4.2

One thing that stands out about Chase bank is that it makes sure your business account is free from all fraudulent activities. It provides free fraud monitoring to protect customers’ business accounts from any suspicious intrusion.

Along with this, it provides excellent banking services that would make your money grow. Its merchant service, for example, allows your customers to make payments with various methods thereby enhancing your business growth. It also has a comprehensive mobile app that makes it easier to do transactions swiftly.

Why we chose it: Chase adds a long list of merchant services to its traditional banking to help your business succeed.

Several available merchant services
Multiple ways to waive the monthly maintenance fee
$300 sign-on bonus

Monthly maintenance fees
Only 20 free transactions per month
Minimal APY

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Methodology for the Best Banks for Small Businesses in Alaska

Below are the criteria we used to access the banks before coming up with the list of banks in this article.

Fees: Small businesses often have to count every penny. Using a bank that nickels and dimes you for every little thing can quickly run your account dry. We looked for banks without maintenance fees or at least the option to waive said charge with a few simple steps. It was also crucial to locate institutions that minimize costs for transactions and transfers that every business needs to perform.
Interest Rates: We realize business bank accounts function primarily for organization and making payments, but that doesn’t mean you can’t earn a little interest on the side. Between checking and savings accounts, we called out banks offering easily accessible rates you can use for some extra cash. Some options even go well beyond the national average.
Minimum Balance: Banks with maintenance fees will often waive them if you have enough money in said account. Small businesses may not have a lot of money to work with early on, so we identified institutions with low balance requirements to avoid fees. Some banks also have account minimums to unlock interest rates or other rewards.
Access to Mobile Banking: In our fast-paced world, having all your banking needs at your fingertips is a huge win. Mobile devices also played a role in the emergence of online-only banks with accounts you can access from anywhere. Even banks traditionally known for physical locations are amping up mobile apps to compete with the masses. Our selections highlight banks with top-tier mobile banking options to manage finances and make payments.
Ease of Use: When making our top banking for small business picks, we wanted to ensure features were straightforward to use. This applies to everything from transfers and payments to opening a business bank account with nothing more than an EIN. No bank account should be more trouble than it’s worth.

Best Banks for Small Businesses in Alaska Frequently Asked Questions (FAQs)

Are you a business owner in Alaska looking to open a business bank account? These FAQs will answer the questions you may have.

What bank is best to open a business bank account?

The best banks to open a business bank account are Axos, Capital One, Lili, Chase, Bank of America, Oxygen, and U.S Bank. These banks have different services and policies to help business owners grow their businesses.

How do I choose a small business bank?

Things you should look out for when you want to choose a bank for your small business include the service fees required, interest rates, scalability, and services and offers provided. You have to make sure the bank’s services and policies align with your business goals.

What banks are available in Alaska?

There are many banks available in Alaska. The most common ones are Axos, Chase, Capital One, Lili, Oxygen, Bank of America, and U.S Bank. These banks are the common banks in Alaska and they offer a wide range of services.

Can I open a bank account with my EIN number?

How much should a small business have in a bank account?

Bottom Line

Factors you should consider when opening a business bank account are the interest rates, the services provided by the bank, the fees charged, and the availability and security of the bank. These factors will guide you on the best bank that’s suitable for your business.

Check the banks in this article and choose the one that offers services that align with your business goals and take your business to the next level.

Best Business Bank Accounts by State

Below you will find an interactive U.S map that can help you locate and compare different banks and financial institutions that offer business accounts in your area.

8 Best Banks for Small Businesses in Alabama in 2023

Starting a small business can be a challenging experience and having the right banking partner is crucial for success. The top options offer extra functionalities to keep your business’ monetary affairs in an excellent state. Keep reading to know more about our favorite picks in this detailed roundup.

Best Banks for Small Businesses in Alabama

Bluevine – Best Overall Bank for Small Businesses
Capital One – Best Bank for Digital Transfers
Lili: Best for One-Person Businesses
U.S. Bank: Best Bank for Lending Options
Oxygen: Best for Freelancers
Axos: Best Full-service Online Bank Account
Bank of America: Best Bank for Rewards
Chase Bank: Best Bank for Business Services

Our Methodology

While determining the top Alabama banks for small businesses, we examined the charges for maintaining an open account and the necessary minimum balances required to avoid such expenses. Plus, we assessed extra charges for using a bank’s services and any interest in becoming a user. Additionally, we also reviewed the mobile banking amenities of these banks.

Click here for a more detailed explanation of our methodology.

Bluevine

$4.95 per cash deposit, $2.50 for out-of-network ATM fees, $15 for outgoing wires

2.0% APY

Pay vendors by wire or check, schedule payments, manage cash flow

Capital One

$15 (waivable)

$15 per incoming domestic wire, $25 for outgoing domestic wire

0.20% APY

$2,000

Access credit card accounts, transfer money, deposit checks, access bank statements, access to CreditWise service

U.S. Bank

$0.50 fee for transactions after the first 125, fees at out-of-network ATMs

0.01% APY

$500 for business savings

Transfer funds, view documents, find branch/ATM locations, manage cards

Bank of America

$16

Out-of-network ATM fees, fees for excessive deposits

Up to 0.04% APY

$5,000

Manage accounts, pay and transfer, digital wallets, bill pay

Lili

$2.5 for out of network

1.50% APY

Manage finances and payments, control expenses, and save money for taxes

Chase

$15 (waivable)

$25 to $40 for wire transfers, $0.40 per transaction (after the first 20)

Up to 0.02% APY

Fraud monitoring, card control, pay, and transfer, view offers

Axos

$35 for wire transfer

–

Fund transfer, wire transfer, bill payment.

Oxygen

$3 for out-of-network ATM fee, fees for international transactions, $5 international ATM fee, fees for Ingo mobile check deposit

1.0% APY

Check deposit, bill payment, check deposit, account statement

Bluevine: Best Overall Bank for Small Businesses in Alabama

Interest Rates: 2.0% APY

★★★★★

4.7

Bluevine has an online perfect banking that you can trust no matter where you are in Alabama. It is quick and convenient for small business owners. The secure and flexible financing option that Bluevine offers can be tailored to meet the exact need of any business.

This bank offers a no minimum deposit balance and very few fees. Additionally, their customer service is highly rated and their client support is excellent.

Why we chose it: High-interest rates, minimal fees, and a lack of maintenance requirements make Bluevine the best business bank account for LLCs or other business types.

High-interest rates
Very few fees
No minimum deposit required

No business savings account
No ATM reimbursement
Fee for cash deposits

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Capital One: Best Bank for Small Businesses in Alabama for No Fee and Rewardful Credit Cards

Interest Rates: 0.20% APY

★★★★★

4.6

Capital One‘s credit cards offer amazing Cashback rewards and other perks that are helpful for businesses. They also provide you with easy-to-use tools so that you can manage your account from anywhere.

The transfers with Capital One are also unlimited meaning you can access your funds whenever you need them. Their innovative use of technology such as their mobile apps and online tools makes banking with them straightforward and convenient.

Why we chose it: With no limits on digital transfers, Capital One gives you the freedom to keep funds moving.

Unlimited digital transfers
Does not charge overdraft fees
Large ATM network

Limited physical locations
Monthly account fee
Out-of-network ATM fees

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

U.S. Bank: Best Bank for Small Businesses in Alabama for Its Financial Products and Services

Interest Rates: 0.01% APY

★★★★★

4.5

If your small business needs some financial servicing, U.S Bank can meet your needs. You can access several financial services including loans to upgrade your business venture.

Plus U.S bank has a large network of ATMs and branches which makes it convenient to access your account and the bank’s services from anywhere, especially in Alabama. Additionally, U.S. banks have low fees, competitive rates, and attractive rewards.

Why we chose it: Small businesses in need of extra funds can turn to U.S. Bank for a plethora of lending options.

Lending to fit your needs
Specialized merchant services for restaurants, retailers, and service providers
2,400 branch locations

Charges for overdrafts
Relatively low APY
Only has locations in 28 states

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Bank of America: Best Bank for Small Businesses in Alabama for Merchant Services

Interest Rates: Up to 0.04% APY

★★★★★

4.4

Bank of America‘s merchant services are designed to make it easier for small businesses to accept credit and debit card payments from their customers. This helps small businesses to provide a convenient payment option for their customers and increase sales.

Their services are also compatible with a range of payment processing equipment, including point-of-sale (POS) terminals, mobile payment systems, and online payment gateways. This means that small businesses can choose the payment processing system that best suits their needs.

Plus, there are advanced security features to protect small businesses and their customers from fraud. These features include encryption, tokenization, and fraud detection tools that can help prevent fraudulent transactions.

Why we chose it: Bank of America’s rewards come with several perks to make banking a win-win for all parties involved.

Preferred rewards to boost interest rate
Over 17,000 ATMs and 4,300 branches
Can waive the monthly fee

Lacks 24/7 customer service
Monthly fees
Transaction fees when using non-Bank of America ATMs

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Axos: Best Full-service Online Checking Account

4.61

★★★★★

Axos Bank made major improvements to its business checking lineup in March 2022, adding cash deposit capability to all accounts and removing transaction limits, and opening deposit requirements on its free business checking account. These enhancements build on existing features, like 24/7 customer support, free nationwide ATM access, and unlimited domestic ATM fee reimbursements.

Axos offers two main business checking accounts: Basic Business Checking and Business Interest Checking (up to 1.01% APY). While basic checking is free, the interest-earning account carries a $10 monthly fee that is waived if you maintain an average daily balance of at least $5,000.

Unlike some online business checking accounts, however, whose banking services are provided and ensured by other financial institutions, Axos Bank is a Federal Deposit Insurance Corp.-insured institution and provides all of its business banking products and services directly.

While this review includes information on both accounts, the star rating indicated above is specific to the Axos Basic Business Checking account.

Why we chose it: Free cash deposits and a low fee structure make Axos Basic Business Checking one of the best business bank accounts out there.

No monthly fee and unlimited transactions.
Unlimited domestic ATM fee reimbursements.
Cash deposits via MoneyPass and AllPoint ATMs.
Welcome bonus for new customers (terms apply).
24/7 customer support.

No third-party app integrations.
Interest checking APY is good, but not great

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Lili: Best Business Checking Account for One-Person Businesses

4.57

★★★★★

Lili has all the tools you’ll need to file an accurate report at tax time. Lili offers an online business checking account with no monthly fees or minimum opening deposit, and a host of digital tools that allow you to manage expenses, track tax write-offs, save for taxes, and accept payments from customers within a single account.

Originally designed specifically for freelancers and independent contractors, Lili is now available to all business entity types.

No fees, minimum balance requirements, or minimum opening deposit.
Unlimited fee-free transactions.
Fee-free ATM access through the MoneyPass network; ability to deposit cash through the Green Dot network.
Integrated tools for managing expenses and planning for taxes.
Offers an early payment feature with direct deposit, allowing you to receive funds up to two days sooner than you might with a traditional bank account.

Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
No checkbooks; can’t send or receive wire transfers.
Limited business-related features, e.g., doesn’t offer joint accounts, multiple business debit cards, or third-party integrations.

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Oxygen: Best Business Checking Account for Freelancers

4.0

★★★★★

Oxygen carved a space for itself in the fintech niche, acting as a great option for freelancers and boutique sole proprietors. There are no discernible fees across the board, and shopping at select merchants earns 5% cash back just for making a purchase. To keep finances secure, you can create an unlimited number of single-use debit cards with set dollar limits.

Why we chose it: Oxygen speaks the language of the trendy business owner, offering some cool banking features along the way. It’s also one of the best checking accounts for sole proprietors.

Aimed at trendy business owners
5% Cashback rewards
Create virtual, single-use debit cards

Virtual bank, no cash deposits
Fewer integrations than other options
No lending options

Fees

Interest Rates

Minimum Balance

Mobile Banking Features

Chase: Best Bank for Small Businesses in Alabama for Its Lines of Credit

Interest Rates: Up to 0.02% APY

★★★★★

4.2

March 19, 2023March 21, 2023

Chase is popular among small business owners because of its wide range of business credit cards, business loans, and lines of credit. Plus, Chase provides a range of resources and tools for small business owners, including articles and guides on topics such as marketing, financial management, and business strategy.

Why we chose it: Chase adds a long list of merchant services to its traditional banking to help your business succeed.

Several available merchant services
Multiple ways to waive the monthly maintenance fee
$300 sign-on bonus

Monthly maintenance fees
Only 20 free transactions per month
Minimal APY

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Methodology for the Best Banks for Small Businesses in Alabama

To find the best banks for small businesses in Alabama, we looked at various aspects of opening a business bank account and managing finances. Here are the key factors we used to make our decision.

Fees: Small businesses often have to count every penny. Using a bank that nickels and dimes you for every little thing can quickly run your account dry. We looked for banks without maintenance fees or at least the option to waive said charge with a few simple steps. It was also crucial to locate institutions that minimize costs for transactions and transfers that every business needs to perform.
Interest Rates: We realize business bank accounts function primarily for organization and making payments, but that doesn’t mean you can’t earn a little interest on the side. Between checking and savings accounts, we called out banks offering easily accessible rates you can use for some extra cash. Some options even go well beyond the national average.
Minimum Balance: Banks with maintenance fees will often waive them if you have enough money in said account. Small businesses may not have a lot of money to work with early on, so we identified institutions with low balance requirements to avoid fees. Some banks also have account minimums to unlock interest rates or other rewards.
Access to Mobile Banking: In our fast-paced world, having all your banking needs at your fingertips is a huge win. Mobile devices also played a role in the emergence of online-only banks with accounts you can access from anywhere. Even banks traditionally known for physical locations are amping up mobile apps to compete with the masses. Our selections highlight banks with top-tier mobile banking options to manage finances and make payments.
Ease of Use: When making our top banking for small business picks, we wanted to ensure features were straightforward to use. This applies to everything from transfers and payments to opening a business bank account with nothing more than an EIN. No bank account should be more trouble than it’s worth.

Best Banks for Small Businesses in Alabama Frequently Asked Questions (FAQs)

Do you have more questions about opening a bank account for your Alabama business? This FAQ has the answers to your questions:

What are the requirements to open a business account in Alabama?

To open a business bank account in Alabama, you will generally need business documentation, personal identification for all owners or authorized signers, and a minimum deposit. Some banks may also require additional documentation such as proof of address or a business plan.

Can I open a bank account with my EIN number?

Is it possible to open a bank account without an SSN in Alabama?

It may be difficult to open a bank account without an SSN in Alabama, but it’s possible. One way is to apply for an ITIN from the IRS, while another is to provide alternative forms of identification. However, it’s up to the bank to decide whether to accept these alternatives. It’s best to check with the bank to see what their specific requirements are.

How much should a small business have in a bank account?

Bottom Line

Opening a business bank account can greatly benefit small businesses in Alabama as it helps them efficiently manage their finances and keep track of their transactions.

The top banks for small businesses in Alabama offer low fees, convenient money transfer options, and reliable customer service, allowing businesses to easily meet their financial objectives and maintain good relationships with their suppliers.

Consider these banks as your go-to solution to fulfill your company’s financial needs in Alabama.

Best Business Bank Accounts by State

Below you will find an interactive U.S map that can help you locate and compare different banks and financial institutions that offer business accounts in your area.

8 Best Banks for Small Businesses in Arkansas in 2023

Choosing the right bank can play a crucial role in managing finances and promoting the growth of small businesses in Arkansas. To aid in this decision, we have compiled a list of the top 10 banks for small businesses based on their features, services, and reputation. These banks offer competitive interest rates, convenient account access, and customized business solutions to cater to the distinct requirements of small business owners in Arkansas.

Best Banks for Small Businesses in Arkansas

Bluevine: Best Overall Bank for Small Businesses in Arkansas
Capital One: Leading Bank for Small Businesses in Arkansas with Efficient Financial Management
Lili Bank: Best Choice for Small Businesses with No Monthly Fees
U.S. Bank: The Best Choice for Small Businesses in Arkansas with Efficient Cash Management Services
Oxygen: Ideal Pick For One-Person Businesses with No Overdraft Fees
Axos: Best Small Business Loan Provider with Flexible Terms and Competitive Rates
Bank of America: The Premier Choice for Small Businesses in Arkansas to Manage Finances
Chase: Best Business Checking Account for Small Businesses in Arkansas

Our Methodology

To determine the best banks for small businesses in Arkansas, we considered several factors such as account maintenance fees, minimum balances, additional charges, interest rates, mobile banking features, accessibility, customer service, and overall reputation and financial stability of the banks.

Click here for a more detailed explanation of our methodology.

Bluevine

$4.95 per cash deposit, $2.50 for out-of-network ATM fees, $15 for outgoing wires

2.0% APY

Pay vendors by wire or check, schedule payments, manage cash flow

Capital One

$15 (waivable)

$15 per incoming domestic wire, $25 for outgoing domestic wire

0.20% APY

$2,000

Access credit card accounts, transfer money, deposit checks, access bank statements, access to CreditWise service

U.S. Bank

$0.50 fee for transactions after the first 125, fees at out-of-network ATMs

0.01% APY

$500 for business savings

Transfer funds, view documents, find branch/ATM locations, manage cards

Bank of America

$16

Out-of-network ATM fees, fees for excessive deposits

Up to 0.04% APY

$5,000

Manage accounts, pay and transfer, digital wallets, bill pay

Lili

$2.5 for out of network

1.50% APY

Manage finances and payments, control expenses, and save money for taxes

Chase

$15 (waivable)

$25 to $40 for wire transfers, $0.40 per transaction (after the first 20)

Up to 0.02% APY

Fraud monitoring, card control, pay, and transfer, view offers

Axos

$35 for wire transfer

–

Fund transfer, wire transfer, bill payment.

Oxygen

$3 for out-of-network ATM fee, fees for international transactions, $5 international ATM fee, fees for Ingo mobile check deposit

1.0% APY

Check deposit, bill payment, check deposit, account statement

Bluevine: Best Overall Bank for Small Businesses in Arkansas

Interest Rates: 2.0% APY

★★★★★

4.7

Bluevine is one of the top banking services in Arkansas, they provide valuable resources for small business owners, including business lines of credit and invoice factoring. These features can help small businesses overcome financial challenges and achieve their goals.

With business lines of credit of up to $250,000, small businesses can access the funding they need for short-term needs or growth opportunities.

Additionally, Bluevine’s invoice factoring service enables small businesses to sell their outstanding invoices and receive payment quickly, which is helpful for businesses with long payment cycles or slow-paying clients.

Why we chose it: High-interest rates, minimal fees, and a lack of maintenance requirements make Bluevine the best business bank account for LLCs or other business types.

High-interest rates
Very few fees
No minimum deposit required

No business savings account
No ATM reimbursement
Fee for cash deposits

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Capital One: Leading Bank for Small Businesses in Arkansas with Efficient Financial Management

Interest Rates: 0.20% APY

★★★★★

4.6

Small businesses require efficient financial management to succeed, and Capital One‘s online banking platform provides this with ease of access to accounts, transfers, bill payments, and mobile check deposits.

This saves small business owners time and effort, allowing them to focus on their business operations. Capital One’s online banking also offers useful financial resources, such as customizable financial dashboards, budgeting tools, and account alerts that help small business owners make informed financial decisions.

Why we chose it: With no limits on digital transfers, Capital One gives you the freedom to keep funds moving.

Unlimited digital transfers
Does not charge overdraft fees
Large ATM network

Limited physical locations
Monthly account fee
Out-of-network ATM fees

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

U.S. Bank: The Best Choice for Small Businesses in Arkansas with Efficient Cash Management Services

Interest Rates: 0.01% APY

★★★★★

4.5

The U.S. Bank recognizes the importance of efficient cash management for small businesses and offers a suite of cash management services to help them manage their finances more effectively.

From automated cash sweeps to wire transfers, these services enable small businesses to optimize their cash flow, make informed financial decisions, and quickly send funds to anyone, anywhere.

With U.S. Bank’s cash management services, small business owners can save time and money, and focus on what they do best – growing their business.

Why we chose it: Small businesses in need of extra funds can turn to U.S. Bank for a plethora of lending options.

Lending to fit your needs
Specialized merchant services for restaurants, retailers, and service providers
2,400 branch locations

Charges for overdrafts
Relatively low APY
Only has locations in 28 states

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Bank of America: The Premier Choice for Small Businesses in Arkansas to Manage Finances Anytime, Anywhere!

Interest Rates: Up to 0.04% APY

★★★★★

4.4

For small businesses, managing finances on-the-go is a necessity. With Bank of America‘s mobile banking platform, small business owners can easily access their accounts anytime, anywhere.

This feature allows small businesses to efficiently manage their finances, from checking balances to transferring funds between accounts, all from their mobile device. This feature is also essential for businesses that want to stay competitive and manage their finances effectively.

Why we chose it: Bank of America’s rewards come with several perks to make banking a win-win for all parties involved.

Preferred rewards to boost interest rate
Over 17,000 ATMs and 4,300 branches
Can waive the monthly fee

Lacks 24/7 customer service
Monthly fees
Transaction fees when using non-Bank of America ATMs

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Axos: Best Small Business Loan Provider with Flexible Terms and Competitive Rates

4.61

★★★★★

Small businesses require funding to expand their operations and cover unexpected expenses. Axos Bank‘s small business loans provide them with the necessary capital to grow, invest in new equipment, and purchase inventory. These loans have flexible terms and competitive rates, making them an ideal choice for small businesses that need financial support to succeed.

Why we chose it: Free cash deposits and a low fee structure make Axos Basic Business Checking one of the best business bank accounts out there.

No monthly fee and unlimited transactions.
Unlimited domestic ATM fee reimbursements.
Cash deposits via MoneyPass and AllPoint ATMs.
Welcome bonus for new customers (terms apply).
24/7 customer support.

No third-party app integrations.
Interest checking APY is good, but not great

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Lili: Best Choice for Small Businesses with No Monthly Fees

4.57

★★★★★

Small businesses need a banking service that doesn’t burden them with monthly fees. Lili bank offers just that – a fee-free banking service tailored for freelancers and entrepreneurs.

Lili bank is a financial technology company that offers banking services for small business owners. One of its amazing features is that it offers no monthly fees. Small business owners can save money on fees, allowing them to allocate more resources to other aspects of their business.

No fees, minimum balance requirements, or minimum opening deposit.
Unlimited fee-free transactions.
Fee-free ATM access through the MoneyPass network; ability to deposit cash through the Green Dot network.
Integrated tools for managing expenses and planning for taxes.
Offers an early payment feature with direct deposit, allowing you to receive funds up to two days sooner than you might with a traditional bank account.

Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
No checkbooks; can’t send or receive wire transfers.
Limited business-related features, e.g., doesn’t offer joint accounts, multiple business debit cards, or third-party integrations.

Fees

Interest Rates

Minimum Balance

Access to Mobile Banking

Oxygen: Ideal Pick For One-Person Businesses with No Overdraft Fees

4.0

★★★★★

Oxygen Bank is an excellent choice for small business owners who need to avoid overdraft fees. With no monthly maintenance fees, free ATM access, and a user-friendly mobile app, Oxygen is a convenient and affordable way to manage your business’s finances. Additionally, their no-overdraft-fee policy provides peace of mind for small business owners who are looking for a more cost-effective and reliable banking option.

Why we chose it: Oxygen speaks the language of the trendy business owner, offering some cool banking features along the way. It’s also one of the best checking accounts for sole proprietors.

Aimed at trendy business owners
5% Cashback rewards
Create virtual, single-use debit cards

Virtual bank, no cash deposits
Fewer integrations than other options
No lending options

Fees

Interest Rates

Minimum Balance

Mobile Banking Features

Chase: Best Business Checking Account for Small Businesses in Arkansas

Interest Rates: Up to 0.02% APY

★★★★★

4.2