Los Angeles is a vibrant and competitive business market with various industries and needs. Choosing the right bank for your business is an important decision that can impact your success in the long run. Here are the best banks for businesses in Los Angeles
Best Business Checking Accounts in Los Angeles
The best banks with the best checking accounts for businesses in Los Angeles are:
- Bank of America – Best for Its Business Resource Tools
- Wells Fargo – Best for Providing Business Support
- Chase Bank – Best for Free Unlimited Deposits and Withdrawal
- City National Bank – Best for Business Banking Freebies
Bank of America – Best for Its Business Resource Tools
Bank of America offers a comprehensive suite of banking products and services for businesses in Los Angeles. Their offerings include a variety of checking and savings accounts designed to meet the specific needs of different types of businesses, as well as merchant services, credit cards, and online banking tools.
Their checking accounts come with features like online banking, mobile check deposit, and account alerts to help businesses manage their finances more efficiently. They also offer a range of savings accounts, including money market accounts and CDs, to help businesses grow their savings. Also, Bank of America has a team of dedicated business bankers who can provide tailored financial solutions and support to help businesses succeed.
Why we chose it: Bank of America offers various banking products and services, including tailored financial solutions for businesses of all sizes.
- An extensive network of branches and ATMs in Los Angeles
- A wide range of business banking products and services
- Online and mobile banking tools for convenient account management
- A dedicated team of business bankers for personalized support
- Some fees may apply for certain accounts and services
- Limited availability of free checking accounts for small businesses
Wells Fargo – Best for Providing Business Support
Wells Fargo is known for its exceptional business support, making it a top pick for businesses in Los Angeles. With a focus on customized solutions, Wells Fargo offers a variety of products and services designed to meet the unique needs of each business.
One of the notable features of Wells Fargo is its extensive network of business banking professionals, who are dedicated to providing expert advice and support to help businesses succeed. They offer specialized teams for industries such as healthcare, government, and nonprofit and bilingual support for Spanish-speaking customers.
Why we chose it: We chose Wells Fargo as the best bank for providing business support due to its focus on customized solutions and extensive network of business banking professionals dedicated to helping businesses succeed.
- Strong focus on providing personalized business support
- Wide range of banking and financial products and services
- Large network of business banking professionals
- User-friendly mobile and online banking platforms
- Limited availability of physical branches in certain areas
- Higher fees for certain services compared to other banks
Chase Bank – Best for Free Unlimited Deposits and Withdrawal
Chase Bank is the best option for businesses that require frequent deposits and withdrawals. The bank offers free unlimited transactions, which can save businesses significant amounts of money in fees. In addition to its transaction capabilities, Chase Bank also offers business banking products and services.
The bank also provides online and mobile banking platforms that allow businesses to manage their accounts and transactions on the go. Chase Bank’s extensive network of branches and ATMs throughout Los Angeles makes it convenient for businesses to access their accounts and obtain assistance.
Why we chose it: Chase Bank is a good choice for businesses in LA because it offers free unlimited deposits and withdrawals, along with a range of other useful services such as online banking, cash management, and access to a large network of ATMs and branches.
- Free unlimited deposits and withdrawals
- Wide network of ATMs and branches
- Online and mobile banking options
- Cash management services available
- Some fees may apply for certain transactions or account types
- Customer service may not always be responsive or helpful
City National Bank – Best for Business Banking Freebies
City National Bank can be a good option for businesses looking for extra perks and freebies in their banking services. The bank offers a range of benefits for businesses, including free wire transfers, free online bill pay, and free mobile deposits.
City National Bank also provides customized solutions and personalized services to help businesses manage their finances more effectively. The bank has a strong presence in California and offers a variety of account options to suit different business needs.
Why we chose it: City National Bank is a good choice for businesses looking for extra perks and freebies in their banking services, as well as personalized service and a strong presence in LA.
- Free wire transfers
- Free online bill pay
- Free mobile deposits
- Customized solutions and personalized services
- Account fees may be higher than other options
- Limited branch and ATM network compared to larger banks
Recommended Bank Account for Businesses in Los Angeles
Several good options exist for businesses looking for banking services in Los Angeles. But Chase Bank, Bank of America, Wells Fargo, and City National Bank are the best for businesses. Each of these banks offers a range of perks and benefits for businesses, including free transactions, cash management services, and customized solutions.