Best Banks for Small Business in California of September 2025
The best banks for small businesses in California offer excellent business checking accounts and accessible customer support. Additional services, like business loans, further allow these banks to meet your business’s changing needs.
Senior writer | Small business banking and credit cards, Paycheck Protection Program, consumer spending, and household finances
Kelsey Sheehy is a NerdWallet authority on small business. Her work has appeared in The New York Times, The Washington Post, Nasdaq and MarketWatch, among other publications. Kelsey has appeared on the <a href="https://www.today.com/video/christmas-in-july-sales-to-take-advantage-of-now-64075333536">"Today"</a> show, <a href="https://www.nbcnews.com/nightly-news/video/tax-code-changes-leave-many-americans-with-unhappy-returns-1440385091860">NBC News</a> and <a href="https://abcnews.go.com/WNT/video/cost-smartphones-reaching-time-high-54166111">"ABC World News Tonight"</a> and has been quoted by the Los Angeles Times, CNBC and American Banker, among other publications. Email: <a href="mailto:ksheehy@nerdwallet.com">ksheehy@nerdwallet.com</a>.
Senior writer | Small business banking and credit cards, Paycheck Protection Program, consumer spending, and household finances
Kelsey Sheehy is a NerdWallet authority on small business. Her work has appeared in The New York Times, The Washington Post, Nasdaq and MarketWatch, among other publications. Kelsey has appeared on the <a href="https://www.today.com/video/christmas-in-july-sales-to-take-advantage-of-now-64075333536">"Today"</a> show, <a href="https://www.nbcnews.com/nightly-news/video/tax-code-changes-leave-many-americans-with-unhappy-returns-1440385091860">NBC News</a> and <a href="https://abcnews.go.com/WNT/video/cost-smartphones-reaching-time-high-54166111">"ABC World News Tonight"</a> and has been quoted by the Los Angeles Times, CNBC and American Banker, among other publications. Email: <a href="mailto:ksheehy@nerdwallet.com">ksheehy@nerdwallet.com</a>.
Ryan Lane is an editor on the small-business team and a NerdWallet authority on student loans. He spent more than a decade as a writer and editor for student loan guarantor American Student Assistance and was a managing editor for publisher Cell Press. Ryan’s work has been featured by The Associated Press, USA Today and MarketWatch, and he previously co-authored the U.S. News & World Report Student Loan Ranger blog. Email: <a href="mailto:rlane@nerdwallet.com”">rlane@nerdwallet.com</a>.
Ryan Lane is an editor on the small-business team and a NerdWallet authority on student loans. He spent more than a decade as a writer and editor for student loan guarantor American Student Assistance and was a managing editor for publisher Cell Press. Ryan’s work has been featured by The Associated Press, USA Today and MarketWatch, and he previously co-authored the U.S. News & World Report Student Loan Ranger blog. Email: <a href="mailto:rlane@nerdwallet.com”">rlane@nerdwallet.com</a>.
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It undergoes a thorough review process involving writers and editors to ensure
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Content was accurate at the time of publication.
Why trust NerdWallet
250+ small-business products reviewed and rated by our team of experts.
80+ years of combined experience covering small-business and personal finance.
60+ business bank accounts rated with our objective, comprehensive business bank account rubrics (Methodology).
NerdWallet's business banking content — including our ratings, reviews and recommendations — is produced by a team of writers and editors who specialize in small-business finances. Their journalism has appeared in The Associated Press, Washington Post, MarketWatch, Nasdaq, Entrepreneur, ABC News, MSN and other national and local media outlets. Each writer and editor follows NerdWallet's strict editorial guidelines to ensure fairness and accuracy in our coverage.
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Senior writer | Small business banking and credit cards, Paycheck Protection Program, consumer spending, and household finances
Kelsey Sheehy is a NerdWallet authority on small business. Her work has appeared in The New York Times, The Washington Post, Nasdaq and MarketWatch, among other publications. Kelsey has appeared on the <a href="https://www.today.com/video/christmas-in-july-sales-to-take-advantage-of-now-64075333536">"Today"</a> show, <a href="https://www.nbcnews.com/nightly-news/video/tax-code-changes-leave-many-americans-with-unhappy-returns-1440385091860">NBC News</a> and <a href="https://abcnews.go.com/WNT/video/cost-smartphones-reaching-time-high-54166111">"ABC World News Tonight"</a> and has been quoted by the Los Angeles Times, CNBC and American Banker, among other publications. Email: <a href="mailto:ksheehy@nerdwallet.com">ksheehy@nerdwallet.com</a>.
Senior writer | Small business banking and credit cards, Paycheck Protection Program, consumer spending, and household finances
Kelsey Sheehy is a NerdWallet authority on small business. Her work has appeared in The New York Times, The Washington Post, Nasdaq and MarketWatch, among other publications. Kelsey has appeared on the <a href="https://www.today.com/video/christmas-in-july-sales-to-take-advantage-of-now-64075333536">"Today"</a> show, <a href="https://www.nbcnews.com/nightly-news/video/tax-code-changes-leave-many-americans-with-unhappy-returns-1440385091860">NBC News</a> and <a href="https://abcnews.go.com/WNT/video/cost-smartphones-reaching-time-high-54166111">"ABC World News Tonight"</a> and has been quoted by the Los Angeles Times, CNBC and American Banker, among other publications. Email: <a href="mailto:ksheehy@nerdwallet.com">ksheehy@nerdwallet.com</a>.
Ryan Lane is an editor on the small-business team and a NerdWallet authority on student loans. He spent more than a decade as a writer and editor for student loan guarantor American Student Assistance and was a managing editor for publisher Cell Press. Ryan’s work has been featured by The Associated Press, USA Today and MarketWatch, and he previously co-authored the U.S. News & World Report Student Loan Ranger blog. Email: <a href="mailto:rlane@nerdwallet.com”">rlane@nerdwallet.com</a>.
Ryan Lane is an editor on the small-business team and a NerdWallet authority on student loans. He spent more than a decade as a writer and editor for student loan guarantor American Student Assistance and was a managing editor for publisher Cell Press. Ryan’s work has been featured by The Associated Press, USA Today and MarketWatch, and he previously co-authored the U.S. News & World Report Student Loan Ranger blog. Email: <a href="mailto:rlane@nerdwallet.com”">rlane@nerdwallet.com</a>.
NerdWallet's content is
fact-checked for accuracy, timeliness, and relevance by humans.
It undergoes a thorough review process involving writers and editors to ensure
the information is as clear and complete as possible. Learn more by checking
our
Editorial Guidelines.
Content was accurate at the time of publication.
Why trust NerdWallet
250+ small-business products reviewed and rated by our team of experts.
80+ years of combined experience covering small-business and personal finance.
60+ business bank accounts rated with our objective, comprehensive business bank account rubrics (Methodology).
NerdWallet's business banking content — including our ratings, reviews and recommendations — is produced by a team of writers and editors who specialize in small-business finances. Their journalism has appeared in The Associated Press, Washington Post, MarketWatch, Nasdaq, Entrepreneur, ABC News, MSN and other national and local media outlets. Each writer and editor follows NerdWallet's strict editorial guidelines to ensure fairness and accuracy in our coverage.
Advertiser disclosure
You’re our first priority.
Every time.
We believe everyone should be able to make financial decisions with
confidence. And while our site doesn’t feature every company or
financial product available on the market, we’re proud that the guidance
we offer, the information we provide and the tools we create are
objective, independent, straightforward — and free.
So how do we make money? Our partners compensate us. This may influence
which products we review and write about (and where those products
appear on the site), but it in no way affects our recommendations or
advice, which are grounded in thousands of hours of research. Our
partners cannot pay us to guarantee favorable reviews of their products
or services. Here is a list of our partners .
Note: The star ratings on this list are specific to the bank's entry-level business checking account, not the overall institution. The exception is Live Oak Bank, which we've highlighted for its standout business savings account.
Unlimited fee-free transactions; no overdraft fees.
Earn 1.30% 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 MoneyPass ATMs.
Account holders are assigned to a dedicated banker or customer support representative.
Bill pay tools and invoicing with built-in payment links.
Cons
No fee-free cash deposits.
Fee for using out-of-network ATMs.
Does not offer jointly-owned accounts.
Bluevine is a financial technology company, not a bank. But it works with an FDIC-insured bank to offer a free high-yield business checking account. Bluevine also provides business financing and launched a business credit card in 2024. The latter is available by invitation only for eligible Bluevine business checking customers
Unlimited fee-free transactions; no overdraft fees.
Earn 1.30% 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 MoneyPass ATMs.
Account holders are assigned to a dedicated banker or customer support representative.
Bill pay tools and invoicing with built-in payment links.
Cons
No fee-free cash deposits.
Fee for using out-of-network ATMs.
Does not offer jointly-owned accounts.
Bluevine is a financial technology company, not a bank. But it works with an FDIC-insured bank to offer a free high-yield business checking account. Bluevine also provides business financing and launched a business credit card in 2024. The latter is available by invitation only for eligible Bluevine business checking customers
Unlimited fee-free electronic and debit card 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 15,400 Chase ATMs and access to around 4,900 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.
Chase has more than 900 branch locations in the state of California — more than any other business bank — and offers a wide range of business banking services. Business owners can choose from multiple business checking accounts and access payment processing and business lending services. Chase also offers some of the best business credit cards on the market and is among the top three banks for customer satisfaction in the most recent J.D. Power U.S. Small Business Banking Satisfaction Study.
Unlimited fee-free electronic and debit card 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 15,400 Chase ATMs and access to around 4,900 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.
Chase has more than 900 branch locations in the state of California — more than any other business bank — and offers a wide range of business banking services. Business owners can choose from multiple business checking accounts and access payment processing and business lending services. Chase also offers some of the best business credit cards on the market and is among the top three banks for customer satisfaction in the most recent J.D. Power U.S. Small Business Banking Satisfaction Study.
No excess transaction fees and no charge for domestic incoming wires.
Earn 1.30% APY on balances up to $500,000.
24/7 customer support.
No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
Cons
Can’t deposit cash.
No outgoing international wire transfers.
Does not offer jointly owned accounts.
American Express is one of just a handful of business banks, online or otherwise, to offer round-the-clock live customer support. Its business checking account has no monthly fee and accrues interest, and qualifying new account holders can earn a nice welcome offer.
No excess transaction fees and no charge for domestic incoming wires.
Earn 1.30% APY on balances up to $500,000.
24/7 customer support.
No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
Cons
Can’t deposit cash.
No outgoing international wire transfers.
Does not offer jointly owned accounts.
American Express is one of just a handful of business banks, online or otherwise, to offer round-the-clock live customer support. Its business checking account has no monthly fee and accrues interest, and qualifying new account holders can earn a nice welcome offer.
Loyalty perks via Preferred Rewards for Business program.
Relatively low overdraft fees ($10 per item, limited to two per day)
Cons
$100 minimum opening deposit.
Fee for using out-of-network ATMs.
$16 monthly fee after introductory period ends.
Bank of America has more generous cash deposit limits than other brick-and-mortar banks. Bank of America's business checking accounts include up to $5,000 or $20,000 in deposits per month, depending on the account. Businesses that qualify for the bank’s Preferred Rewards for Business program can also earn higher rewards rates on Bank of America business credit cards, better interest rates on business savings products and discounts on business loans and other services.
Loyalty perks via Preferred Rewards for Business program.
Relatively low overdraft fees ($10 per item, limited to two per day)
Cons
$100 minimum opening deposit.
Fee for using out-of-network ATMs.
$16 monthly fee after introductory period ends.
Bank of America has more generous cash deposit limits than other brick-and-mortar banks. Bank of America's business checking accounts include up to $5,000 or $20,000 in deposits per month, depending on the account. Businesses that qualify for the bank’s Preferred Rewards for Business program can also earn higher rewards rates on Bank of America business credit cards, better interest rates on business savings products and discounts on business loans and other services.
Unlimited fee-free electronic and debit card transactions.
Supports Zelle for Business.
Account holders are assigned to a dedicated banker or customer support representative.
Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.
Cons
$100 minimum opening deposit.
Low limit on fee-free cash deposits.
Fee for using out-of-network ATMs.
High overdraft, wire transfer fees.
$1 fee for outgoing domestic ACH transfers.
U.S. Bank ranked 2nd in the J.D. Power 2023 U.S. Small Business Banking Satisfaction Study and is one of the few big brick-and-mortar banks to offer a free business checking account. It is also one of the leading SBA lenders in the state, approving nearly 700 SBA 7(a) loans in California in fiscal year 2023.
Unlimited fee-free electronic and debit card transactions.
Supports Zelle for Business.
Account holders are assigned to a dedicated banker or customer support representative.
Accept payments with free mobile card reader, no monthly software fee. Processing fees apply.
Cons
$100 minimum opening deposit.
Low limit on fee-free cash deposits.
Fee for using out-of-network ATMs.
High overdraft, wire transfer fees.
$1 fee for outgoing domestic ACH transfers.
U.S. Bank ranked 2nd in the J.D. Power 2023 U.S. Small Business Banking Satisfaction Study and is one of the few big brick-and-mortar banks to offer a free business checking account. It is also one of the leading SBA lenders in the state, approving nearly 700 SBA 7(a) loans in California in fiscal year 2023.
Unlimited fee-free transactions and free incoming wires.
Automatic refunds of all ATM fees (domestic).
Cash deposits via Allpoint ATMs.
Welcome bonus for new customers (terms apply).
Cons
$25 fee for insufficient funds/uncollected funds returned.
No third-party app integrations.
Axos is one of the few online business banks that make it easy for business owners to deposit cash. Account holders can use any compatible AllPoint or MoneyPass ATM to make deposits, with no additional fee. And if you’re ever charged an ATM fee in the U.S., Axos will automatically refund it.
Unlimited fee-free transactions and free incoming wires.
Automatic refunds of all ATM fees (domestic).
Cash deposits via Allpoint ATMs.
Welcome bonus for new customers (terms apply).
Cons
$25 fee for insufficient funds/uncollected funds returned.
No third-party app integrations.
Axos is one of the few online business banks that make it easy for business owners to deposit cash. Account holders can use any compatible AllPoint or MoneyPass ATM to make deposits, with no additional fee. And if you’re ever charged an ATM fee in the U.S., Axos will automatically refund it.
No ATM or debit card access for Business Savings account.
No weekend customer support.
This online bank consistently offers a top APY on business savings products, including its free high-yield business savings account and suite of business CDs. Live Oak also offers a variety of business checking products, as well as several business lending products, including SBA and USDA loans. In fact, Live Oak was the largest SBA 7(a) lender in California by volume in fiscal year 2023.
No ATM or debit card access for Business Savings account.
No weekend customer support.
This online bank consistently offers a top APY on business savings products, including its free high-yield business savings account and suite of business CDs. Live Oak also offers a variety of business checking products, as well as several business lending products, including SBA and USDA loans. In fact, Live Oak was the largest SBA 7(a) lender in California by volume in fiscal year 2023.
Unlimited fee-free electronic transactions and free incoming wires.
No dollar limit on cash deposits (other limits may apply).
24/7 customer service.
No fees to deposit cash at Navy Federal or Co-Op Network ATMs.
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.
Does not offer jointly owned accounts.
No spend controls on employee debit cards.
California is home to more than 30 U.S. military installations, far more than any other state. And Navy Federal is a top-tier business bank dedicated to serving the unique needs of military members and their families. Active-duty military, veterans, retirees, Department of Defense employees and their families are eligible for membership and can access Navy Federal’s business checking and business loan services.
Unlimited fee-free electronic transactions and free incoming wires.
No dollar limit on cash deposits (other limits may apply).
24/7 customer service.
No fees to deposit cash at Navy Federal or Co-Op Network ATMs.
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.
Does not offer jointly owned accounts.
No spend controls on employee debit cards.
California is home to more than 30 U.S. military installations, far more than any other state. And Navy Federal is a top-tier business bank dedicated to serving the unique needs of military members and their families. Active-duty military, veterans, retirees, Department of Defense employees and their families are eligible for membership and can access Navy Federal’s business checking and business loan services.
Online banks typically charge a fee for cash deposits, if they accept them at all. But Axos Bank lets you deposit cash at compatible Allpoint and MoneyPass ATMs for no additional fee. And if you’re charged a fee by a third-party ATM owner, Axos will automatically refund the fee (domestic ATMs only).
One way to make your money work harder is to stash your savings in a high-yield account. And Live Oak’s free business savings account is one of the best on the market with a 3.15% APY. Live Oak also has a 12-month business CD that earns 3.90% APY, as of this writing. Beyond its high-yield options, this online bank also offers multiple business checking and lending products.
Live Oak business banking highlights
Three business checking options.
Business Essential Checking has a $10 monthly fee (waived with $1,000 average daily balance) and no monthly transaction limits.
Live Oak does not support cash deposits; accounts can be funded via ACH, wire transfer or check.
No weekend customer support.
Fee-free access to more than 55,000 Allpoint ATMs (savings accounts don’t have ATM access).
Additional services:
High-yield savings account that earns 3.15% APY with a balance of at least $0.01.
A cash sweep account that provides FDIC insurance for up to $10 million in deposits.
Business CDs that earn upwards of 3.50% APY.
Issued more SBA 7(a) loans by dollar amount than any other lender in fiscal year 2023 and the second-most in 2024.
Our pick for: Online banking with 24/7 customer support
NerdWallet star rating: 5
American Express business checking account has no monthly fee and earns up to 1.30% APY. American Express business banking customers also enjoy 24/7 access to live customer support.
American Express business banking highlights
Online business checking account with no monthly fees. Earn 1.30% APY on balances up to $500,000.
No limit on transactions and no charges for incoming wire transfers or stop payments.
24/7 customer support online, by phone or via the app.
Cannot deposit cash.
Additional services
Top-rated business credit cards, including branded hotel and airline business cards for Hilton, Marriott, Delta and Amazon.
Our pick for: Non-bank option for small businesses
NerdWallet star rating: 5
Bluevine partners with an FDIC-insured bank to offer business checking and lending products. The bank’s free business checking account earns 1.30% APY (terms apply). Businesses with substantial cash flow, and those who send a lot of wires or same-day ACH transfers, can also consider Bluevine Premier, which has a hefty monthly fee but offers discounted payments and a much higher APY.
Bluevine business banking highlights
Bluevine Standard: No monthly fee, minimum deposit, overdraft fees or transaction limits. Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
Bluevine Premier: Earn 3.5% APY on balances up to $3 million (terms apply). Monthly fee of $95 is waived if you meet daily balance and spending requirements. Premier customers receive discounted wire and same-day ACH transfers.
One-time and recurring bill payments via ACH, wire transfer or check.
No ATM fees at more than 37,000 MoneyPass ATMs.
Cash deposits available via Green Dot and compatible Allpoint+ ATMs. Fees and limits apply.
Additional services:
Business lines of credit up to $250,000.
Cash-back business credit card available for eligible Bluevine business checking customers (by invitation only).
Chase has more than 900 branch locations across California, making it easier for business owners to get facetime with their business banker. And Chase backs up its physical presence with some top-notch digital tools. Chase’s mobile app has built-in payment processing via Chase QuickPay, a feature that’s included in Chase Business Complete Banking℠.
Chase business banking highlights
Chase Business Complete Checking℠ is $15 per month, but there are multiple ways to avoid the fee.
Unlimited electronic deposits. In-person and paper transactions are limited to 20 per month for Chase Business Complete and 250 per month for Chase Performance Business Checking®.
Payment processing through the Chase mobile app with QuickAccept℠, no additional point-of-sale equipment needed.
Live customer service available by phone 24/7.
Additional services:
A full suite of Chase Ink business rewards credit cards, which offer generous sign-up bonuses, as well as other Chase business credit cards.
A variety of small-business loans, including lines of credit, equipment financing and SBA loans.
Chase offers payment services for e-commerce and retail businesses, including Chase QuickAccept, which lets business owners accept credit card payments from the mobile app.
Businesses that make frequent cash deposits will appreciate Bank of America’s cash deposit allowance — $5,000 or $20,000 per month, depending on the account. And those who qualify for the bank’s loyalty program (Preferred Rewards for Business) earn a number of perks, including discounted rates on certain business loans, a higher APY on select business savings products and a better rewards rate on Bank of America business credit cards.
Bank of America business banking highlights
Two account options with respective fees of $16 and $29.95 per month, though both can be avoided if you meet average monthly balance requirements. Both require a minimum opening deposit of $100.
Bank of America Business Advantage Fundamentals Banking includes unlimited electronic transactions, up to 20 non-electronic transactions (checks paid, other debits, deposited items) and up to $5,000 in cash deposits per statement cycle.
Opportunity to earn a welcome bonus. Terms apply.
Additional services:
Suite of business credit cards including a secured business card for business owners with poor or limited personal credit history.
Multiple business savings accounts, including a high-yield business CD.
Bank of America business loans include secured and unsecured loans and lines of credit, SBA loans and franchise financing.
Our pick for: Military member, veterans and their families
NerdWallet star rating: 4.2
Navy Federal Credit Union specializes in veteran-owned businesses, as well as those run by military members and their families. You’ll find business checking, savings and lending services with competitive terms, along with insurance and payroll processing. All listed owners of the business must be Navy Federal members to qualify. Membership is available to military members (active duty, veteran and retired), Department of Defense employees and their families.
Navy Federal business banking highlights
Free, interest-bearing business checking account.
Unlimited fee-free electronic transactions.
No dollar limit on cash deposits.
High opening deposit requirement — $250 for sole proprietors and $255 for other entity types.
Fee-free access to more than 30,000 ATMs, including Navy Federal ATMs and the CO-OP network.
Additional services:
357 branches worldwide.
24/7 general customer support.
Money market accounts and business certificates of deposit.
U.S. Bank checks a lot of boxes for business owners. Free business checking? Check. Generous welcome offer? Check. Top-rated customer support? Check. In fact, U.S. Bank ranked second in J.D. Power’s most recent Small Business Banking Satisfaction study. It is also one of the most active SBA 7(a) lenders in California.
U.S. Bank business banking highlights
Multiple account options, including a Nonprofit Checking account. Monthly fees range from $0 to $30 per month. All require an opening deposit of at least $100.
U.S. Bank Business Essentials Checking ($0) includes unlimited electronic deposits and withdrawals, up to 25 free in-person and/or paper transactions, and up to $2,500 in fee-free cash deposits per month.
More than 2,000 branches across 26 states. Account holders do not incur fees at U.S. Bank and MoneyPass ATMs.
Beneficial State Bank: This bank offers free business checking, along with business lending, savings and cash management tools. It’s also a certified B Corporation and community development financial institution (CDFI), so the bank actively works to protect the environment and support low-income communities.
California Bank & Trust: California Bank & Trust has more than 85 branch locations across the state and offers a suite of business banking services, including multiple business checking and savings options. The bank has business CD terms that earn more than 4.00% APY (as of this writing).
Self-Help Federal Credit Union: Self-Help Federal Credit Union has more than 20 branch locations scattered across the state, including offices in the Bay Area, Central Valley, Los Angeles and San Diego. This mission-driven credit union, which is dedicated to providing banking services and economic opportunity to underserved communities, offers business banking, lending and savings products.
Note on American Express® Business Checking : At Allpoint® and MoneyPass® locations in the U.S., you can withdraw cash and get balance information with no fee. Access to ATMs outside of the Allpoint® and MoneyPass® networks are subject to fees by the ATM owner and/or network. ATM withdrawal limits apply. American Express applies foreign exchange fees to withdrawals in foreign currencies. American Express does not accept ATM cash deposits into your Business Checking account at this time. Visit americanexpress.com/atm-locator to find participating ATMs in the U.S.
Last updated on March 26, 2024
Methodology
NerdWallet evaluates more than 50 business bank accounts from national, regional and online banks. Collectively, these accounts represent the largest banks by assets and the largest credit unions by membership, along with notable and emerging fintech companies and online banks.
We consider more than 20 data points for each account, including services, fees, features and rewards. We gather this information from rates and fees documents, deposit account agreements, financial institution websites and company representatives.
Our editorial team regularly reviews and updates our data to ensure consistency and accuracy. We also update our scoring on an ongoing basis to reflect changing industry norms and business owner needs. For instance, in 2025, we introduced bonus points for notable built-in software features, like the ability to accept tap-to-pay payments from customers using a mobile app.
Final star ratings are presented on a scale of one to five stars, where a five-star score represents the best available product for the largest number of business owners. Learn more about how we rate business checking accounts.
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