Best Banks for Small Business in Florida of September 2025
NerdWallet considered national, regional and online financial institutions to find the best banks for businesses in Florida. We started with business checking accounts, but also factored in ease of access, and the banks' other offerings.
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 .
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 1.50% 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, but it works with an FDIC-insured partner bank to offer business banking products, including a free business checking account with a high APY. There’s also a premium account option — Bluevine Premier — designed for companies with high cash reserves and/or businesses that send multiple wire transfers each month. Bluevine also has business lines of credit that can offer quick financing to companies that don’t qualify for funding through traditional banks.
Unlimited fee-free transactions; no overdraft fees.
Earn 1.50% 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, but it works with an FDIC-insured partner bank to offer business banking products, including a free business checking account with a high APY. There’s also a premium account option — Bluevine Premier — designed for companies with high cash reserves and/or businesses that send multiple wire transfers each month. Bluevine also has business lines of credit that can offer quick financing to companies that don’t qualify for funding through traditional banks.
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 Bank’s five-star business checking account has no monthly fee, includes 24/7 live customer support and offers unlimited ATM fee refunds. Axos also offers business loans, payroll and merchant services.
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 Bank’s five-star business checking account has no monthly fee, includes 24/7 live customer support and offers unlimited ATM fee refunds. Axos also offers business loans, payroll and merchant services.
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’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.
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’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.
No ATM or debit card access for Business Savings account.
No weekend customer support.
The star of the show at Live Oak is the free high-yield savings account that earns 3.15% APY on all balances. The online bank also has excellent business CD options, SBA and USDA loans, and multiple business checking accounts.
No ATM or debit card access for Business Savings account.
No weekend customer support.
The star of the show at Live Oak is the free high-yield savings account that earns 3.15% APY on all balances. The online bank also has excellent business CD options, SBA and USDA loans, and multiple business checking accounts.
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 delivers with a strong business checking account, five-star business credit cards and an innovative mobile app. Account holders enjoy 24/7 live customer support and, with more than 400 branch locations in the state of Florida, in-person banking is readily available.
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 delivers with a strong business checking account, five-star business credit cards and an innovative mobile app. Account holders enjoy 24/7 live customer support and, with more than 400 branch locations in the state of Florida, in-person banking is readily available.
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's loyalty program — Preferred Rewards for Business — gives qualifying account holders added perks on other Bank of America products, including business credit cards, savings accounts and business loans.
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's loyalty program — Preferred Rewards for Business — gives qualifying account holders added perks on other Bank of America products, including business credit cards, savings accounts and business loans.
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 and Allpoint ATMs.
Accept contactless payments via the NBKC app (iOS only). Fees apply.
Unlimited debit cards.
Cons
High fee ($45) for international wire transfers.
Phone support only available during business hours.
No third-party app integrations.
This online bank offers a business checking account with no fees, no transaction limits and no cap on cash deposits. NBKC also has a free business money market account that earns 2.75% APY and has no minimum balance requirement.
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 and Allpoint ATMs.
Accept contactless payments via the NBKC app (iOS only). Fees apply.
Unlimited debit cards.
Cons
High fee ($45) for international wire transfers.
Phone support only available during business hours.
No third-party app integrations.
This online bank offers a business checking account with no fees, no transaction limits and no cap on cash deposits. NBKC also has a free business money market account that earns 2.75% APY and has no minimum balance requirement.
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.
Supports Zelle for Business.
Cons
No free business checking account option.
Limit of 100 fee-free transactions per month.
Wells Fargo has nearly 500 branch locations across the Sunshine State, making it a strong option for entrepreneurs that prefer to bank in-person. There are three business checking accounts to choose from, along with business loans, merchant services and other business resources.
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.
Supports Zelle for Business.
Cons
No free business checking account option.
Limit of 100 fee-free transactions per month.
Wells Fargo has nearly 500 branch locations across the Sunshine State, making it a strong option for entrepreneurs that prefer to bank in-person. There are three business checking accounts to choose from, along with business loans, merchant services and other business resources.
Some branches are open late and on weekends, including Sundays.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
No fees at 2,600 TD Bank ATMs and access to 1,100 branches.
No fees if account is overdrawn by $50 or less.
Supports Zelle for Business.
iPhone users can accept payments via Tap to Pay in the TD Bank app. (Fees apply.)
Cons
No free business checking account option.
Accounts only available in 15 states and the District of Columbia.
TD Bank is one of the most prolific SBA lenders in Florida. In fiscal year 2023, the bank approved 825 SBA 7(a) loans in Florida, totaling more than $112.7 billion. And TD Bank has consistently led the pack for SBA 7(a) loan approvals in the state. In addition to business loans, TD Bank offers multiple business checking accounts to fit the needs of businesses big and small.
Some branches are open late and on weekends, including Sundays.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
No fees at 2,600 TD Bank ATMs and access to 1,100 branches.
No fees if account is overdrawn by $50 or less.
Supports Zelle for Business.
iPhone users can accept payments via Tap to Pay in the TD Bank app. (Fees apply.)
Cons
No free business checking account option.
Accounts only available in 15 states and the District of Columbia.
TD Bank is one of the most prolific SBA lenders in Florida. In fiscal year 2023, the bank approved 825 SBA 7(a) loans in Florida, totaling more than $112.7 billion. And TD Bank has consistently led the pack for SBA 7(a) loan approvals in the state. In addition to business loans, TD Bank offers multiple business checking accounts to fit the needs of businesses big and small.
This online-only bank ups the ante for customer support, offering live, 24/7 phone support for business customers. The bank’s free business checking account also includes unlimited ATM fee refunds (including third-party fees) and cash deposits at compatible ATMs.
NerdWallet star rating: 4.7
Axos business banking highlights
Two business checking accounts: one free and one interest-earning account.
Business Interest Checking is $10 per month unless you maintain an average daily balance of $5000. The account earns up to 1.01% APY.
Basic Business Checking has no monthly fee or minimum opening deposit requirement and includes unlimited fee-free transactions.
No ATM fees, regardless of the ATM you use, plus unlimited rebates for ATM fees you incur from other banks.
Both accounts allow cash deposits via compatible Allpoint and MoneyPass ATMs.
Additional services
Business savings accounts, money market accounts and certificates of deposit.
Merchant services, including point-of-sale systems, e-commerce solutions, and credit and debit card acceptance through Cerelo Merchant Services.
Small-business loans, including SBA 7(a) loans, real estate and equipment financing, and working capital loans.
Best for: Online banking and business credit cards
NerdWallet star rating: 5
American Express business banking customers enjoy 24/7 access to live customer support and earn up to 1.30% APY with the bank’s free business checking account.
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.
This online bank’s big draw is its free high-yield savings account, which earns 3.15% APY with a balance of at least $0.01. Live Oak is also a prolific SBA 7(a) lender.
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 4.00% APY.
Issued more SBA 7(a) loans by dollar amount than any other lender in fiscal year 2023 and the second-most in 2024.
NBKC doesn’t have a physical presence in Florida, but the bank's free business checking account is a winner no matter where you live. Customers can access their account through the mobile app, the website and any of the 90,000+ MoneyPass and Allpoint ATMs nationwide.
NBKC business banking highlights
Free business checking account that can be opened online anywhere in the U.S.
Account includes unlimited fee-free transactions and no incoming domestic wire fees, overdraft, stop payment or similar incidental fees.
Fee-free access to over 90,000 MoneyPass and Allpoint ATMs across the country; up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
Ability to deposit cash fee-free at eligible MoneyPass and Allpoint ATMs using your NBKC business debit card.
Free online and mobile banking with mobile check deposit and online bill pay included.
Option to customize your checking account by adding desktop deposit, ACH credit and debits, merchant processing and Autobooks invoicing software.
Additional services
Free business money market account, which earns 2.75% APY as long as you have a balance of at least 1 cent.
Bluevine’s free online business checking account doesn’t charge monthly fees or overdraft fees, and is insured by the FDIC for up to $3 million via the IntraFi sweep network. The financial services company also offers business lines of credit.
Bluevine business banking highlights
Free online business checking account with no overdraft fees, transaction limits or minimum opening deposit.
Earn 1.50% interest on account balances up to and including $250,000. Terms apply.
Cash deposits via Green Dot network for a fee ($4.95 per deposit). Daily and per-deposit limits apply.
Access up to $3 million in FDIC insurance with Insured Cash Sweep.
No fees at MoneyPass ATMs; fee for using out-of-network ATMs.
Chase is the total package for business banking, with multiple business checking options, top-rated business credit cards and in-app payment processing. Chase has more than 400 brick-and-mortar locations in Florida and around 4,900 nationwide.
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.
Bank of America Preferred Rewards for Business members can earn lower rates and extra cash back on select Bank of America business products, including loans, savings accounts and business credit cards. Bank of America has more than 450 branch locations in Florida.
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.
With nearly 500 branches in Florida and a wide range of banking services, Wells Fargo is a solid option for business owners who want in-person banking, especially if you can avoid the monthly fee.
Wells Fargo business banking highlights
Three business checking accounts with monthly maintenance fees ranging from $10 for the bank's entry-level checking account (Initiate Business Checking) to $75 for a premium checking account that earns credits to offset fees (Optimize Business Checking).
Transaction limits range from 100 to 250 per month, depending on the account. Wells Fargo counts all withdrawals, debits and deposits, including mobile deposits, toward your transaction limit. Debit card purchases and payments do not count toward the limit.
Up to $20,000 in cash deposits per month, depending on the account type.
All business checking accounts can be opened online, over the phone or by visiting a branch.
Additional services:
Small-business loans, including commercial real estate and equipment financing. Wells Fargo also offers SBA loans.
Profit-sharing, 401(k) and IRA options for business owners and their employees.
TD Bank has led the pack for SBA loan approvals in Florida, topping the list of SBA 7(a) loan approval counts in the state every year since at least 2017 (the oldest year the SBA offers data about). The regional bank has 10 locations in Florida — primarily in the Tampa and Orlando areas — and also offers multiple business checking accounts, business money market accounts and business loans and lines of credit.
TD Bank business banking highlights
Four core business checking account options, with monthly fees starting at $10 for TD Business Simple Checking℠.
24/7 live customer support (via phone) and extended branch hours, including on weekends.
Business checking accounts can be opened online, over the phone or by visiting a branch.
Additional services
High-yield business money market account.
Business loans, including vehicle and equipment loans, and business lines of credit.
While big-name national banks have their advantages — namely, a wide range of product offerings and large branch and ATM networks — they aren’t the best fit for every business. Community banks and credit unions like the following typically offer a more relationship-based banking experience, excelling at customer service and often exercising more discretion with small business loans.
MIDFlorida Credit Union : This credit union offers a free business checking account that includes up to 300 transactions and $30,000 in cash deposits for no additional fee.
City National Bank: City National’s business checking account holders get a dedicated relationship manager. The bank also offers SBA loans, business lines of credit and equipment financing, among other services.
Space Coast Credit Union : One of the largest credit unions in Florida, Space Coast offers two business checking accounts, a suite of business savings products and business loans to help finances a variety of needs. This credit union has more than 60 branches and serves 34 counties along Florida’s east coast.
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 25, 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.
Learn more