Choosing the right bank is an important decision for small businesses and startups, as it can impact their financial success and growth. To help make this decision easier, we have compiled a table of banks that cater to the needs of small businesses and startups. The table includes factors that are important for businesses, such as services offered, pricing and fees, interest rates, loan options, customer support, eCommerce services, regulatory information, and benefits for online businesses. We have also included some banks that specifically focus on startups and small businesses and offer benefits such as access to business resources and community. With this information, small business owners can compare and select the bank that best suits their needs and goals.
| Bank | Services offered | Fees | Interest rates | Loan options | Customer support | eCommerce services | Pricing and fees | Regulatory information | Benefits for online businesses |
| Chase Bank | Checking, savings, credit cards, loans, business resources | Monthly fees may be waived, but transaction fees may apply | Competitive interest rates on some accounts | Term loans, lines of credit, SBA loans | 24/7 customer support | Payment processing, online shopping cart | Monthly maintenance fee: $15-$95 depending on account type | FDIC insured, regulated by the OCC | Robust online banking platform and mobile app, advanced fraud monitoring and security tools, ability to integrate with accounting software and other third-party tools |
| Bank of America | Checking, savings, credit cards, loans, online banking and mobile app | Monthly fees may be waived, but transaction fees may apply | Competitive interest rates on some accounts | Term loans, lines of credit, SBA loans | 24/7 customer support | Payment processing, online shopping cart | Monthly maintenance fee: $14-$29.95 depending on account type | FDIC insured, regulated by the OCC | Online and mobile banking with features such as remote deposit, bill pay, and account alerts, access to online payroll services, and integration with popular accounting software |
| Wells Fargo | Checking, savings, credit cards, loans, merchant services, online banking and mobile app | Monthly fees may be waived, but transaction fees may apply | Competitive interest rates on some accounts | Term loans, lines of credit, SBA loans | 24/7 customer support | Payment processing, online shopping cart | Monthly maintenance fee: $10-$30 depending on account type | FDIC insured, regulated by the OCC | Online and mobile banking with features such as mobile check deposit, account alerts, and account management tools, ability to accept payments online through payment gateways, and fraud prevention tools |
| Capital One | Checking, savings, credit cards, loans, online banking and mobile app | No monthly fees, but some accounts have transaction fees | Competitive interest rates on some accounts | Term loans, lines of credit | Customer service available 7 days a week | Payment processing, online shopping cart | No monthly maintenance fee for Spark Business Basic Checking. Transaction fees may apply. | FDIC insured, regulated by the OCC | Online banking platform and mobile app with features such as mobile check deposit, account management tools, and account alerts, ability to accept payments online through payment gateways, and integration with popular accounting software |
| Azlo | Business banking and online financial services | No monthly fees or minimum balance requirements | No interest rates offered | No loan options offered | Customer service available via email and phone | Online invoicing, payment processing, and other eCommerce tools | No monthly maintenance fee | FDIC insured, regulated by the BBVA USA | Digital banking platform designed specifically for startups and small businesses, integration with popular accounting software, ability to open an account in minutes |
| Novo | Business banking and online financial services | No monthly fees or minimum balance requirements | No interest rates offered | No loan options offered | Customer service available via email and phone | Online invoicing, payment processing, and other eCommerce tools | No monthly maintenance fee | FDIC insured, regulated by the Middlesex Federal Savings | Digital banking platform designed specifically for startups and small businesses, integration with popular accounting software, ability to open an account in minutes |
| Brex | Business credit cards, cash management, spend management, rewards program | No annual fees or foreign transaction fees | No interest offered | Term loans, lines of credit | 24/7 customer support | Payment processing, online shopping cart | No monthly maintenance fee for Brex Cash account. Transaction fees may apply | FDIC insured, regulated by the FDIC | Advanced fraud protection and security features, integration with popular accounting software, flexible rewards program for online businesses. Focus on tech startups |
| Mercury | Business checking account, debit card, savings account, online banking and mobile app | No monthly fees or minimum balance requirements | No interest offered | No loan options | Customer support available by phone or email | Payment processing, online invoicing | No monthly maintenance fee | FDIC insured, regulated by the BBVA USA | Designed for startups and small businesses, with features such as online account opening, integration with popular accounting tools, and access to Mercury’s business resources and community |
| Radius Bank | Business checking account, savings account, credit cards, loans, online banking and mobile app | Monthly fees may be waived, but transaction fees may apply | Competitive interest rates on some accounts | Term loans, lines of credit | Customer service available by phone or email | Payment processing, online shopping cart | Monthly maintenance fee: $10-$100 depending on account type | FDIC insured, regulated by the FDIC | Online and mobile banking with features such as mobile check deposit, account management tools, and account alerts, ability to accept payments online through payment gateways, and cashback rewards program for online businesses |
| BlueVine | Business checking account, debit card, online banking and mobile app | No monthly fees or minimum balance requirements | No interest offered | Term loans, lines of credit | Customer support available by phone or email | Payment processing, online invoicing | No monthly maintenance fee | FDIC insured, regulated by the FDIC | Online and mobile banking with features such as mobile check deposit, account management tools, and account alerts, flexible financing options for online businesses, and integration with popular accounting software. Focus on small businesses and freelancers |
| Seed | Business checking account, debit card, savings account, online banking and mobile app | No monthly fees or minimum balance requirements | No interest offered | No loan options | Customer support available by phone or email | Payment processing, online invoicing | No monthly maintenance fee | FDIC insured, regulated by the BBVA USA | Designed for startups and small businesses, with features such as online account opening, integration with popular accounting tools, and access to Seed’s business resources and community |
