Traditional banks are good to get accounts, but the pain of paying fees, maintaining a balance, and checking accounts has always been tough. This gives us a reason to search for the best online bank for small businesses and the best checking account for small businesses, too. In my secondary research, as I can’t go around banks to see their brochures, I have listed top to the online bank for small business.
My top list of small business bank leads with high-interest saving accounts, zero-fee checking, and customer service.
The bank is a partner in the growth of the small business. Businesses can strive hard, but banks can get the right mix of money management. Online banks have cropped up in the time of pandemic and are a more welcoming small business. Should you consider such an online bank or still go for small business checking accounts, you decide.
You can also check our how small business ideas making big money.
The choice of bank is always based on usage. If you generate a lot of cash across all the places in North America, then you might need brick & mortar bank with multiple branches. If you generate money online, then here you check the list.
Check the list of online banks for small businesses here.
2022’s best online bank for small business
1. Small Business Bank stands out at no. 1 online bank for small business
Small Business Bank or SBS promises personal attention. They encourage micro and small businesses to succeed. SBS promises to be along with you when you walk the way of growth. A personal service for every customer, no matter how small a significant selling point of SBS is.
Checking Monthly fee: $0
Account types: Checking, money market, high-yield savings
Accepts cash deposits: At Shazam ATMs
2. The online Kabbage Checking account online bank for small business
It compliments your American Express. Kabbage, apart from banking, helps business owners to manage a broader set of cash flow management with its tools online. It offers free in-network ATM access, Mobile deposits, and Customized checks.
Checking Monthly fee: $0
Account types: Interest-bearing checking
Accepts cash deposits: At Green Dot locations
3. Checking for small business with BlueVine
In partnership with business.org, BlueVine works very well for small business owners. The right mix of checking and online bank for small businesses. It promises unlimited transactions, life support, and no monthly fees. They say small businesses are a big deal. Built checking based on small business needs.
Checking Monthly fee: $0
Account types: Interest-bearing checking
Accepts cash deposits: At Green Dot locations
4. Get a bank you like nbkc online bank for small business
nbkc bank is good for business. It is a quick and easy online sign-up. nbkc is designed for your business. They guarantee you a friendly service available, you can be a small business owner or an individual. nbkc offers you powerful built-in tools that help the entrepreneur. nbkc is the best in class online back for small business.
Checking Monthly fee: $0
Account types: Checking, money market, CDs
Accepts cash deposits: At MoneyPass ATM
5. Award-winning online back for small business LendingClub
Lendingclub bank won the award for its Best cash bank checking account on Newsweek’s America’s Best Bank list of 2022. They call every small business owner to make the most of their money with LeandingClub. The beauty of Lendingclub is its feature which helps small business owners reach financial wellness, best checking account, reward checking, 1% cashback, and ATM rebates.
Checking Monthly fee: $10
Account types: Checking; interest-bearing, checking; saving; money market; CDs
Accepts cash deposits: At MoneyPass ATM and SUM ATMs
Here we list down top online back for small business. The checking account is very essential for any small business and above banks work well with small business owners.
I will write the pros and cons of these banks in my next blog. See you.
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