Best Banks for Small Business in Florida of July 2026
Our editorial team evaluated national, regional and online financial institutions to find the best banks for small businesses in Florida.
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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.
Best banks for small businesses in Florida
- American Express: Best online bank for high-yield business checking.
- Bank of America: Best for loyalty perks and digital banking tools.
- Bluevine: Best for high APY + built-in business tools.
- Chase: Best national bank for Florida businesses.
- Fifth Third: Best for fast business loan approvals.
- Live Oak Bank: Best for online business savings + SBA loans.
- NBKC: Best for no-fee online business account.
- Regions: Best for personalized small business banking.
- Wells Fargo: Best bank for free incoming wires.
Nerdwallet best-of awards
2026 BEST Online Business Checking Account
Bluevine Business Checking
Best for High APY + built-in business tools
APY
1.30%
With $0 min. balance for APY
Monthly fee
$0
Bonus
$500
Requirements to qualify
Learn more at Bluevine, Deposits are FDIC Insured
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
- Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance.
Cons
- No fee-free cash deposits.
- Fee for using out-of-network ATMs.
- Does not offer jointly-owned accounts.
American Express® Business Checking
Best for Online banking and business credit cards
APY
1.30%
Monthly fee
$0
Bonus
30,000 Points
Requirements to qualify
at American Express National Bank, Member FDIC
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- 24/7 customer support.
- No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
- Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
Live Oak Bank Business Savings
Best for Online business savings + SBA loans
APY
2.85%
With $0.01 min. balance for APY
Monthly fee
$0
Bonus
N/A
at Live Oak Bank, Member FDIC
Pros
- High APY.
- Earn interest on balances of $0.01 and higher.
- No monthly maintenance fee or minimum deposit.
Cons
- No ATM or debit card access for Business Savings account.
- No weekend customer support.
Nerdwallet best-of awards
2026 BEST Brick-and-mortar Business Checking Account
Chase Business Complete Banking®
Best for National bank for Florida businesses
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
Earn up to $500
Requirements to qualify
at Chase, Member FDIC
Pros
- No minimum opening deposit.
- 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.
- No fees at thousands of Chase ATMs and access to around 5,000 branches.
- Receive and send payments via Zelle.
Cons
- $15 monthly fee.
- Monthly limit on physical transactions (20).
- Fee for using out-of-network ATMs.
Bank of America® Business Advantage Fundamentals™ Banking
Best for Loyalty perks and digital banking tools
APY
N/A
Monthly fee
$16.00
$0 for the first 12 statement cycles.
Bonus
$400 or $750
Requirements to qualify
at Bank of America, N.A., Member FDIC
Pros
- No monthly fee for the first 12 statement cycles.
- Welcome offer for new accountholders.
- 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.
nbkc Business Account
Best for No-fee online business account
APY
N/A
Monthly fee
$0
Bonus
N/A
at nbkc bank, Member FDIC
Pros
- No monthly fee, minimum opening deposit, excess transaction or overdraft fees.
- Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
- Unlimited cash deposits via MoneyPass and Allpoint ATMs.
- Accept contactless payments via the NBKC app (iOS only). Fees apply.
- Unlimited debit cards.
Cons
- Must pay a fee to use built-in software features via Autobooks.
Wells Fargo Initiate Business Checking℠ Account
Best for Bank for free incoming wires
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
$400
Requirements to qualify
Pros
- Welcome bonus for new customers (terms apply).
- Free incoming wire transfers.
- Receive and send payments via Zelle.
- No fees at ~11,000 Wells Fargo ATMs and access to around 4,200 branches.
Cons
- $15 monthly service fee (increased March 2026).
- $25 minimum opening deposit.
- Limit of 100 fee-free transactions per month.
- Fee for using out-of-network ATMs.
Fifth Third Bank Standard Business Checking Account
Best for Fast business loan approvals
APY
N/A
Monthly fee
$11.00
Waived with $3,500 minimum balance
Bonus
N/A
Regions LifeGreen Business Checking
Best for Personalized small-business banking
APY
N/A
Monthly fee
$12.00
Waived with $2,500 minimum balance
Bonus
N/A
Filter by:
-
No monthly fee - No minimum deposit
- No overdraft fees
- ATM fee reimbursement
- Free cash deposits
- Interest-earning
- Physical checks
- Cash deposits
- Insured cash sweep
- Invoicing
- Payment processing
- Sub-accounts
- Branch access
Sort by:
- Default
- NerdWallet rating (high to low)
- APY (high to low)
- Monthly fee (low to high)
Showing 0 out of 9 cards
Nerdwallet best-of awards
2026 BEST Online Business Checking Account
Bluevine Business Checking
Best for High APY + built-in business tools
APY
1.30%
With $0 min. balance for APY
Monthly fee
$0
Bonus
$500
Requirements to qualify
at Bluevine, Deposits are FDIC Insured
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
- Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance.
Cons
- No fee-free cash deposits.
- Fee for using out-of-network ATMs.
- Does not offer jointly-owned accounts.
Bluevine is a great option no matter the state you live in. The financial technology company works with an FDIC-insured partner bank to offer a free business checking account that earns 1.30% APY (terms apply).
The account also features a growing suite of business tools, including invoicing with payment links and bill pay with automated approval workflows. And Bluevine offers business lines of credit up to $250,000.
Min. opening deposit
$0
Free cash deposits
No
Fees vary by location.
Overdraft fees
$0
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
- Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance.
Cons
- No fee-free cash deposits.
- Fee for using out-of-network ATMs.
- Does not offer jointly-owned accounts.
Bluevine is a great option no matter the state you live in. The financial technology company works with an FDIC-insured partner bank to offer a free business checking account that earns 1.30% APY (terms apply).
The account also features a growing suite of business tools, including invoicing with payment links and bill pay with automated approval workflows. And Bluevine offers business lines of credit up to $250,000.
Min. opening deposit
$0
Free cash deposits
No
Fees vary by location.
Overdraft fees
$0
Pros
- No required monthly fee, minimum opening deposit, excess transaction or 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.
- Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance.
Cons
- No fee-free cash deposits.
- Fee for using out-of-network ATMs.
- Does not offer jointly-owned accounts.
American Express® Business Checking
Best for Online banking and business credit cards
APY
1.30%
Monthly fee
$0
Bonus
30,000 Points
Requirements to qualify
at American Express National Bank, Member FDIC
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- 24/7 customer support.
- No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
- Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
American Express’s free, high-yield business checking account — 1.30% on balances up to $500,000 — includes 24/7 live customer support. AmEx also has a suite of top-rated business credit cards, as well as a business line of credit product.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
N/A
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- 24/7 customer support.
- No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
- Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
American Express’s free, high-yield business checking account — 1.30% on balances up to $500,000 — includes 24/7 live customer support. AmEx also has a suite of top-rated business credit cards, as well as a business line of credit product.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits.
Overdraft fees
N/A
Pros
- No monthly fee, minimum opening deposit or excess transaction fee.
- 24/7 customer support.
- No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
- Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases.
Cons
- Can’t deposit cash.
- No outgoing international wire transfers.
- Does not offer jointly owned accounts.
Live Oak Bank Business Savings
Best for Online business savings + SBA loans
APY
2.85%
With $0.01 min. balance for APY
Monthly fee
$0
Bonus
N/A
at Live Oak Bank, Member FDIC
Pros
- High APY.
- Earn interest on balances of $0.01 and higher.
- No monthly maintenance fee or minimum deposit.
Cons
- No ATM or debit card access for Business Savings account.
- No weekend customer support.
This online bank offers a decent business checking account. But Live Oak’s real star is its high-yield business accounts. Live Oak’s business savings account (2.85% APY) and 12-month business CD (4.10% APY) consistently rank among our best business savings accounts.
Live Oak also has a robust business loan program and has been one of the leading SBA 7(a) loan providers in Florida (by dollar amount) every year since 2017.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits
Overdraft fees
N/A
Pros
- High APY.
- Earn interest on balances of $0.01 and higher.
- No monthly maintenance fee or minimum deposit.
Cons
- No ATM or debit card access for Business Savings account.
- No weekend customer support.
This online bank offers a decent business checking account. But Live Oak’s real star is its high-yield business accounts. Live Oak’s business savings account (2.85% APY) and 12-month business CD (4.10% APY) consistently rank among our best business savings accounts.
Live Oak also has a robust business loan program and has been one of the leading SBA 7(a) loan providers in Florida (by dollar amount) every year since 2017.
Min. opening deposit
$0
Free cash deposits
No
No cash deposits
Overdraft fees
N/A
Pros
- High APY.
- Earn interest on balances of $0.01 and higher.
- No monthly maintenance fee or minimum deposit.
Cons
- No ATM or debit card access for Business Savings account.
- No weekend customer support.
Nerdwallet best-of awards
2026 BEST Brick-and-mortar Business Checking Account
Chase Business Complete Banking®
Best for National bank for Florida businesses
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
Earn up to $500
Requirements to qualify
at Chase, Member FDIC
Pros
- No minimum opening deposit.
- 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.
- No fees at thousands of Chase ATMs and access to around 5,000 branches.
- Receive and send payments via Zelle.
Cons
- $15 monthly fee.
- Monthly limit on physical transactions (20).
- Fee for using out-of-network ATMs.
This national bank is a Florida favorite. J.D. Power ranked Chase No. 1 for customer satisfaction in Florida four times in the past seven years. The most recent award was in 2026. The J.D. Power study measures retail banking satisfaction, but many local business owners recommend Chase on Reddit and other forums. That’s thanks in part to Chase’s extensive branch presence — it has more than 430 brick-and-mortar locations in Florida.
Chase doesn't have a free business checking account, but perks like unlimited electronic transactions and integrated payment processing via the Chase mobile app make up for the monthly fee. (You have multiple ways to get Chase to waive the fee as well.)
A full-service bank, Chase also has a variety of small-business loans, including lines of credit, equipment financing and SBA loans. It has a complete suite of Chase business credit cards too.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$34
Pros
- No minimum opening deposit.
- 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.
- No fees at thousands of Chase ATMs and access to around 5,000 branches.
- Receive and send payments via Zelle.
Cons
- $15 monthly fee.
- Monthly limit on physical transactions (20).
- Fee for using out-of-network ATMs.
This national bank is a Florida favorite. J.D. Power ranked Chase No. 1 for customer satisfaction in Florida four times in the past seven years. The most recent award was in 2026. The J.D. Power study measures retail banking satisfaction, but many local business owners recommend Chase on Reddit and other forums. That’s thanks in part to Chase’s extensive branch presence — it has more than 430 brick-and-mortar locations in Florida.
Chase doesn't have a free business checking account, but perks like unlimited electronic transactions and integrated payment processing via the Chase mobile app make up for the monthly fee. (You have multiple ways to get Chase to waive the fee as well.)
A full-service bank, Chase also has a variety of small-business loans, including lines of credit, equipment financing and SBA loans. It has a complete suite of Chase business credit cards too.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $5,000 per month.
Overdraft fees
$34
Pros
- No minimum opening deposit.
- 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.
- No fees at thousands of Chase ATMs and access to around 5,000 branches.
- Receive and send payments via Zelle.
Cons
- $15 monthly fee.
- Monthly limit on physical transactions (20).
- Fee for using out-of-network ATMs.
Bank of America® Business Advantage Fundamentals™ Banking
Best for Loyalty perks and digital banking tools
APY
N/A
Monthly fee
$16.00
$0 for the first 12 statement cycles.
Bonus
$400 or $750
Requirements to qualify
at Bank of America, N.A., Member FDIC
Pros
- No monthly fee for the first 12 statement cycles.
- Welcome offer for new accountholders.
- 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 414 branch locations in the Sunshine State. The bank's business checking account includes a Cash Flow Monitor dashboard to help you manage finances in one place. It integrates with popular third-party apps, including ADP, QuickBooks Online, Google Workspace, Google Analytics and Expensify.
Bank of America Preferred Rewards for Business members may qualify for loyalty perks — like higher rewards rates on credit cards and discounted rates on lines of credit and loans — in exchange for deepening their relationship with the bank.
Min. opening deposit
$100
Free cash deposits
Yes
Up to $5,000 per statement cycle.
Overdraft fees
$10
Pros
- No monthly fee for the first 12 statement cycles.
- Welcome offer for new accountholders.
- 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 414 branch locations in the Sunshine State. The bank's business checking account includes a Cash Flow Monitor dashboard to help you manage finances in one place. It integrates with popular third-party apps, including ADP, QuickBooks Online, Google Workspace, Google Analytics and Expensify.
Bank of America Preferred Rewards for Business members may qualify for loyalty perks — like higher rewards rates on credit cards and discounted rates on lines of credit and loans — in exchange for deepening their relationship with the bank.
Min. opening deposit
$100
Free cash deposits
Yes
Up to $5,000 per statement cycle.
Overdraft fees
$10
Pros
- No monthly fee for the first 12 statement cycles.
- Welcome offer for new accountholders.
- 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.
nbkc Business Account
Best for No-fee online business account
APY
N/A
Monthly fee
$0
Bonus
N/A
at nbkc bank, Member FDIC
Pros
- No monthly fee, minimum opening deposit, excess transaction or overdraft fees.
- Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
- Unlimited cash deposits via MoneyPass and Allpoint ATMs.
- Accept contactless payments via the NBKC app (iOS only). Fees apply.
- Unlimited debit cards.
Cons
- Must pay a fee to use built-in software features via Autobooks.
NBKC gives you the perks of an online business account but with the security of a fully FDIC-insured bank. There are no middlemen. No rotating cast of partner banks. Just a solid free online business checking account with no monthly fees, no transaction limits and no cap on cash deposits. NBKC also has a top-notch business money market account that earns 2.75% APY.
The bank's business loans are only available to Kansas City-based businesses, though. So look elsewhere if you're in the market for a business bank loan.
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$0
Pros
- No monthly fee, minimum opening deposit, excess transaction or overdraft fees.
- Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
- Unlimited cash deposits via MoneyPass and Allpoint ATMs.
- Accept contactless payments via the NBKC app (iOS only). Fees apply.
- Unlimited debit cards.
Cons
- Must pay a fee to use built-in software features via Autobooks.
NBKC gives you the perks of an online business account but with the security of a fully FDIC-insured bank. There are no middlemen. No rotating cast of partner banks. Just a solid free online business checking account with no monthly fees, no transaction limits and no cap on cash deposits. NBKC also has a top-notch business money market account that earns 2.75% APY.
The bank's business loans are only available to Kansas City-based businesses, though. So look elsewhere if you're in the market for a business bank loan.
Min. opening deposit
$0
Free cash deposits
Yes
Unlimited
Overdraft fees
$0
Pros
- No monthly fee, minimum opening deposit, excess transaction or overdraft fees.
- Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
- Unlimited cash deposits via MoneyPass and Allpoint ATMs.
- Accept contactless payments via the NBKC app (iOS only). Fees apply.
- Unlimited debit cards.
Cons
- Must pay a fee to use built-in software features via Autobooks.
Wells Fargo Initiate Business Checking℠ Account
Best for Bank for free incoming wires
APY
N/A
Monthly fee
$15.00
Waived with $2,000 minimum balance
Bonus
$400
Requirements to qualify
Pros
- Welcome bonus for new customers (terms apply).
- Free incoming wire transfers.
- Receive and send payments via Zelle.
- No fees at ~11,000 Wells Fargo ATMs and access to around 4,200 branches.
Cons
- $15 monthly service fee (increased March 2026).
- $25 minimum opening deposit.
- Limit of 100 fee-free transactions per month.
- Fee for using out-of-network ATMs.
Wells Fargo has more than 450 locations in Florida, so you’re never far from a branch if you need to make deposits or chat with a business banker. Unlike other banks on this list, Wells Fargo’s business accounts don’t include any built-in tools, like invoicing or credit card processing. Any additional business services carry an extra fee.
But Wells Fargo does have one advantage: All of the bank’s business checking accounts include free incoming wire transfers. The bank is also an SBA preferred lender and has one of the best cash-back business cards on the market.
Min. opening deposit
$25
Free cash deposits
Yes
Up to $5,000.
Overdraft fees
$35
Pros
- Welcome bonus for new customers (terms apply).
- Free incoming wire transfers.
- Receive and send payments via Zelle.
- No fees at ~11,000 Wells Fargo ATMs and access to around 4,200 branches.
Cons
- $15 monthly service fee (increased March 2026).
- $25 minimum opening deposit.
- Limit of 100 fee-free transactions per month.
- Fee for using out-of-network ATMs.
Wells Fargo has more than 450 locations in Florida, so you’re never far from a branch if you need to make deposits or chat with a business banker. Unlike other banks on this list, Wells Fargo’s business accounts don’t include any built-in tools, like invoicing or credit card processing. Any additional business services carry an extra fee.
But Wells Fargo does have one advantage: All of the bank’s business checking accounts include free incoming wire transfers. The bank is also an SBA preferred lender and has one of the best cash-back business cards on the market.
Min. opening deposit
$25
Free cash deposits
Yes
Up to $5,000.
Overdraft fees
$35
Pros
- Welcome bonus for new customers (terms apply).
- Free incoming wire transfers.
- Receive and send payments via Zelle.
- No fees at ~11,000 Wells Fargo ATMs and access to around 4,200 branches.
Cons
- $15 monthly service fee (increased March 2026).
- $25 minimum opening deposit.
- Limit of 100 fee-free transactions per month.
- Fee for using out-of-network ATMs.
Fifth Third Bank Standard Business Checking Account
Best for Fast business loan approvals
APY
N/A
Monthly fee
$11.00
Waived with $3,500 minimum balance
Bonus
N/A
This “super regional” bank offers a community banking feel with the modern banking conveniences of a large financial institution. You get free business checking, Zelle for Business and the ability to accept tap-to-pay card payments directly from your mobile phone.
Fifth Third is also one of NerdWallet’s picks for the best banks for small business loans. Its digital lending platform makes it easier to apply for business loans. You can get approved for up to $100,000 for working capital, inventory or equipment purchases in as little as an hour, according to Fifth Third Bank.
Min. opening deposit
$0
Free cash deposits
No
Up to $5,000 in cash deposits each month; Excess cash deposits subject to an overage charge of $0.003 per dollar deposited
Overdraft fees
$37
This “super regional” bank offers a community banking feel with the modern banking conveniences of a large financial institution. You get free business checking, Zelle for Business and the ability to accept tap-to-pay card payments directly from your mobile phone.
Fifth Third is also one of NerdWallet’s picks for the best banks for small business loans. Its digital lending platform makes it easier to apply for business loans. You can get approved for up to $100,000 for working capital, inventory or equipment purchases in as little as an hour, according to Fifth Third Bank.
Min. opening deposit
$0
Free cash deposits
No
Up to $5,000 in cash deposits each month; Excess cash deposits subject to an overage charge of $0.003 per dollar deposited
Overdraft fees
$37
This “super regional” bank offers a community banking feel with the modern banking conveniences of a large financial institution. You get free business checking, Zelle for Business and the ability to accept tap-to-pay card payments directly from your mobile phone.
Fifth Third is also one of NerdWallet’s picks for the best banks for small business loans. Its digital lending platform makes it easier to apply for business loans. You can get approved for up to $100,000 for working capital, inventory or equipment purchases in as little as an hour, according to Fifth Third Bank.
Regions LifeGreen Business Checking
Best for Personalized small-business banking
APY
N/A
Monthly fee
$12.00
Waived with $2,500 minimum balance
Bonus
N/A
Regions offers two standout services you won't find at most banks. The first is Greenprint for Business — a one-on-one session with a local Regions banker who helps you build a personalized financial plan, set goals and track your business's progress over time.
The second is Priority Banking for Business, a free preferred-customer program available to businesses with at least $50,000 in combined deposits, loans and investments. Priority customers get a dedicated Priority Banker, exclusive rates on deposit and loan products, and seven-days-a-week phone access to the Priority Banking Center.
Min. opening deposit
$100
Free cash deposits
No
$5,000 processed at no charge each calendar month; then $0.25 per $100 for additional cash deposits
Overdraft fees
$36
Regions offers two standout services you won't find at most banks. The first is Greenprint for Business — a one-on-one session with a local Regions banker who helps you build a personalized financial plan, set goals and track your business's progress over time.
The second is Priority Banking for Business, a free preferred-customer program available to businesses with at least $50,000 in combined deposits, loans and investments. Priority customers get a dedicated Priority Banker, exclusive rates on deposit and loan products, and seven-days-a-week phone access to the Priority Banking Center.
Min. opening deposit
$100
Free cash deposits
No
$5,000 processed at no charge each calendar month; then $0.25 per $100 for additional cash deposits
Overdraft fees
$36
Regions offers two standout services you won't find at most banks. The first is Greenprint for Business — a one-on-one session with a local Regions banker who helps you build a personalized financial plan, set goals and track your business's progress over time.
The second is Priority Banking for Business, a free preferred-customer program available to businesses with at least $50,000 in combined deposits, loans and investments. Priority customers get a dedicated Priority Banker, exclusive rates on deposit and loan products, and seven-days-a-week phone access to the Priority Banking Center.
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Other banks, credit unions that Florida businesses love
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Other banks, credit unions that Florida businesses love
I scoured online communities to uncover which banks local business owners recommend. NerdWallet hasn’t rated these banks and credit unions, but they received multiple endorsements from Florida business owners on Facebook, Reddit and other forums.
BayFirst Bank gets praised for “extremely personalized service” and bankers who go out of their way to help business owners. The bank has 11 locations in the Tampa Bay region. Highlights of BayFirst’s free business checking account include:
- Up to 250 transactions per month.
- Up to $7,500 in cash deposits per month.
- Large fee-free ATM network.
- Accept payments via tap-to-pay, QR code or payment link. No hardware needed.
It’s worth noting that BayFirst no longer offers SBA 7(a) loans. The bank was previously one of the program’s top lenders, approving more than 3,000 SBA 7(a) loans in fiscal year 2024, according to SBA data.
The bulk of these were smaller-dollar Bolt loans offered exclusively by BayFirst Bank. BayFirst closed the Bolt loan program and sold its SBA 7(a) portfolio in September 2025. The bank still offers other SBA 504 loans, USDA loans, business lines of credit and term loans, among other financing options.
Ask for a business bank recommendation in Central or Southwest Florida and someone will likely mention Crews Bank and Trust. They’ll probably even give you the name of their business banker. That’s the type of relationship banking this family-owned bank has built its brand around.
Crews Bank and Trust has 19 branches stretching from Lakeland to Boca Grande, with a new Fort Myers branch set to open in August 2026. Highlights of the bank’s entry-level business checking account include:
- Low monthly fee ($3) that’s waived if you sign up for online statements.
- No minimum opening deposit.
- Up to 300 transactions included each month.
- Large fee-free ATM network.
- Accept payments via tap-to-pay, QR code or payment link. No hardware needed.
Space Coast Credit Union has been around since 1951 — longer than most of the national banks on this list have had Florida branches. Today it's Florida's third-largest credit union, with more than 60 locations along Florida's east coast and $9.16 billion in assets. Membership is open to anyone who lives or works in one of 34 eligible Florida counties.
Highlights of SCCU's free business checking account include:
- No monthly caps on transactions or cash deposits.
- Free consultations with a dedicated business advisor.
- Zelle for Business.
Suncoast has been around since 1934, when a group of Hillsborough County teachers pooled their money and started a credit union. Nine decades later, it's Florida's largest credit union, but it still puts members and community first. Take the Suncoast Credit Union Foundation, for example. Every time you swipe your business debit card, Suncoast donates 4 cents to the foundation, which has given more than $61 million to Florida children's programs.
Suncoast also offers microloans ($500 to $50,000) to businesses that otherwise might struggle to get a business loan. To qualify, you need a minimum 570 credit score, one year in business and positive cash flow. By contrast, most business loans require a FICO score of 670 or higher and at least two years in business. Members also get access to free business training and networking events.
Suncoast has more than 80 branch locations across 39 counties in Florida. Membership is open to anyone who lives, works, attends school, or worships in that service area. Highlights of Suncoast's Business Smart Checking account include:
- No monthly fee and no minimum balance.
- Free overdraft protection.
- Large fee-free ATM network.
Find Florida business banks by region
There are close to 200 banks and credit unions operating in Florida, including community banks and larger regional banks. Use this map to find options that offer business checking accounts and have large branch networks in the region.
How we chose the best banks for business in Florida
To build this list of best banks for business in Florida, I started with the banks NerdWallet knows best — the 50+ national, regional and online financial institutions our writers and editors evaluated in 2026. I focused on our team's top-rated banks that have a large presence in Florida based on FDIC data.
Presence alone wasn’t enough to make the list. Truist Bank, for example, is dominant in Florida with more than 440 branch locations. But it nickel-and-dimes small-business owners with low limits and high fees. Truist’s entry-level business checking account has the lowest fee-free cash deposit allowance of any bank we evaluated. And you pay $15 per month just to access ACH payments. That’s not the type of account business owners want.
The second part of my process: digging into the Florida banking landscape. I dove into Reddit threads, Facebook groups and community forums to see which banks Florida business owners recommended to other Floridians.
I called out local standouts above. But with nearly 200 banks and credit unions operating in Florida, there are inevitably good options missing. The Florida bank finder captures a wider swath of banks and credit unions.
What’s new with Florida business banks?
Seacoast Bank goes on a buying spree
Seacoast Bank has been busy. The Stuart-based bank completed three acquisitions between 2023 and 2025: Professional Bank in South Florida, Heartland National Bank in Sebring and Citizens First Bank in The Villages. It now has more than 100 branches across the state.
Customer reviews suggest service quality hasn't always kept up with the bank's growth. Frustrations include digital banking glitches, customer service responsiveness and post-acquisition fee increases. If your old bank got absorbed by Seacoast, it's worth double-checking your account terms.
Credit unions are snapping up Florida community banks
Florida has seen more credit union-bank acquisitions than any other state in the last decade. Michigan-based DFCU Financial has completed three Florida deals since 2023, picking up banks in Tampa, Naples, Fort Myers and Central Florida. And MidFlorida Credit Union closed one of the largest CU-bank deals ever in March 2026 with its acquisition of Prime Meridian Bank in Tallahassee.
This trend can be a mixed bag for business owners. Credit unions typically have lower fees than banks and other membership perks. But business lending can contract when a credit union acquires a bank, says Jeff Barrington, managing director at Windsor Drake, an investment bank and mergers-and-acquisitions advisory firm.
“The loan you have tends to survive,” he says. “The loan you need next is where access tightens.”
One reason: Most credit unions cap small-business lending. Their business loan portfolio cannot legally exceed 12.25% of the credit union’s assets. Banks don’t face the same restrictions.
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.
Methodology
NerdWallet’s writers and editors evaluate more than 60 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 2026, we adjusted our expectations for APYs due to falling interest rates.
Final ratings range from one to five stars. 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.
