Best Banks for Small Business in North Carolina of April 2024

Pros

• Free business checking available, including an option for nonprofits.
• Business accounts can be opened entirely online.
• Large branch network.

Cons

• Restrictive transaction limit on Simple Business Checking.
• Fee for using out-of-network ATMs.
• $36 fee for overdrafts, insufficient funds.
• Multiple extra fees, including for ACH service and QuickBooks integration.
• $15 monthly fee for ACH service. Limit of 15 outgoing ACH transfers per month; $1 fee after that.

Pros

• Phone customer support available until 11 p.m. ET on weekdays and on Saturdays and Sundays.
• No fees at Wells Fargo ATMs and access to around 4,900 branch locations.

Cons

• No free business checking account option.
• Limit of 100 fee-free transactions per month.

Pros

• Fee-free electronic transactions.
• High cash deposit limits.
• Business accounts can be opened entirely online.

Cons

• No free business checking account option.
• $100 minimum opening deposit.
• Fee for using out-of-network ATMs.

Pros

• No minimum opening deposit.
• Unlimited fee-free electronic transactions.
• Integrated credit card processing.
• No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
• 24/7 customer support.
• No fees at 16,000 Chase ATMs and access to around 4,700 branches.

Cons

• $15 monthly fee.
• Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
• Fee for using out-of-network ATMs.
• Limit of $5,000 per month in free cash deposits.

Pros

• No monthly fees.
• Unlimited fee-free electronic transactions and free incoming wires.
• No dollar limit on cash deposits (other limits may apply).
• 24/7 customer service.

Cons

• High opening deposit (up to $255).
• $29 fee for overdrafts, insufficient funds.
• Eligibility limited to veterans, military members, Department of Defense employees and their families.

Pros

• No monthly fees or minimum opening deposit.
• Unlimited fee-free transactions and free incoming wires.
• Automatic refunds of all ATM fees (domestic).
• Cash deposits via MoneyPass and AllPoint ATMs.
• 24/7 customer support.
• Welcome bonus for new customers (terms apply).

Cons

• $25 fee for insufficient funds/uncollected funds returned.
• No third-party app integrations.

Pros

• No monthly fees or minimum opening deposit.
• Unlimited fee-free transactions; no overdraft fees.
• Earn 2.00% interest on account balances up to and including $250,000. Terms apply.
• Access up to $3 million in FDIC insurance with Insured Cash Sweep.
• No fees at 37,000 MoneyPass ATMs.
• Free incoming wires and low outgoing wire transfer fees.
• Sub-accounts help users set funds aside for specific purposes.

Cons

• No fee-free cash deposits. Cash deposits at Green Dot locations are capped at $2,000 per day and a service fee of up to $4.95 per deposit applies. At Allpoint ATMs that accept cash, deposits are capped at $5,500 per day and a fee of $1 plus 0.5% of the deposit amount applies.
• Fee for using out-of-network ATMs.
• No joint accounts or employee debit cards.

Pros

• No monthly fees or minimum opening deposit.
• Unlimited fee-free transactions, no overdraft fees and free incoming domestic wires.
• Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
• Unlimited cash deposits via MoneyPass ATMs.
• Accept contactless payments via the NBKC app (iOS only). Fees apply.

Cons

• High fee ($45) for international wire transfers.
• Phone support only available during business hours.
• No third-party app integrations.

Pros

• Industry-leading APY.
• No minimum balance to earn interest.
• No monthly fee or minimum deposit.
• Access up to $10 million in FDIC insurance with Insured Cash Sweep.

Cons

• No ATM or debit card access.
• No weekend customer support.