Best banks for small businesses in Texas
- American Express: Best for online banking + business credit cards.
- Bank of America: Best for cash deposits.
- Bluevine: Best non-bank option for small businesses.
- Chase: Best for branch access.
- City Bank: Best for agricultural loans.
- First Horizon: Best for business CDs.
- Frost Bank: Best for SBA 7(a) loans.
- Live Oak Bank: Best for high-yield business savings + SBA loans.
- NBKC: Best for no-fee business checking.
- Randolph-Brooks Federal Credit Union: Best for banking with a credit union.
- Wells Fargo: Best for branch access + business loans.
Best Banks for Small Businesses in Texas
Best for | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
---|---|---|---|---|---|
Non-bank option for small businesses Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 4.7/5 | $0 | 1.50% With $0 min. balance for APY | $300 Requirements to qualify | Learn more at Bluevine, Deposits are FDIC Insured |
No-fee business banking checking nbkc Business Account Learn more at nbkc bank, Member FDIC | 4.9/5 | $0 | N/A | N/A | Learn more at nbkc bank, Member FDIC |
Branch access Chase Business Complete Banking® Learn more at Chase, Member FDIC | 4.5/5 | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
Cash deposits Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 4.5/5 | $16.00 $0 for the first 12 statement cycles. | N/A | N/A | Learn more at Bank of America, N.A., Member FDIC |
Online banking + business credit cards American Express® Business Checking Learn more at American Express National Bank, Member FDIC | 5.0/5 | $0 | 1.30% With $0 min. balance for APY | N/A | Learn more at American Express National Bank, Member FDIC |
High-yield business savings + SBA loans Live Oak Bank Business Savings Learn more at Live Oak Bank, Member FDIC | 5.0/5 | $0 | 3.70% With $0.01 min. balance for APY | $200 Requirements to qualify | Learn more at Live Oak Bank, Member FDIC |
Branch access + business loans Wells Fargo Initiate Business Checking℠ Account Read Review | 4.0/5 | $10.00 Waived with $500 minimum balance | N/A | N/A | Read Review |
Best for | NerdWallet rating▼ | Monthly fee▼ | APY▼ | Bonus▼ | Learn more |
---|---|---|---|---|---|
Non-bank option for small businesses Bluevine Business Checking Learn more at Bluevine, Deposits are FDIC Insured | 4.7/5 | $0 | 1.50% With $0 min. balance for APY | $300 Requirements to qualify | Learn more at Bluevine, Deposits are FDIC Insured |
No-fee business banking checking nbkc Business Account Learn more at nbkc bank, Member FDIC | 4.9/5 | $0 | N/A | N/A | Learn more at nbkc bank, Member FDIC |
Branch access Chase Business Complete Banking® Learn more at Chase, Member FDIC | 4.5/5 | $15.00 Waived with $2,000 minimum balance | N/A | $300 Requirements to qualify | Learn more at Chase, Member FDIC |
Cash deposits Bank of America® Business Advantage Fundamentals™ Banking Learn more at Bank of America, N.A., Member FDIC | 4.5/5 | $16.00 $0 for the first 12 statement cycles. | N/A | N/A | Learn more at Bank of America, N.A., Member FDIC |
Online banking + business credit cards American Express® Business Checking Learn more at American Express National Bank, Member FDIC | 5.0/5 | $0 | 1.30% With $0 min. balance for APY | N/A | Learn more at American Express National Bank, Member FDIC |
High-yield business savings + SBA loans Live Oak Bank Business Savings Learn more at Live Oak Bank, Member FDIC | 5.0/5 | $0 | 3.70% With $0.01 min. balance for APY | $200 Requirements to qualify | Learn more at Live Oak Bank, Member FDIC |
Branch access + business loans Wells Fargo Initiate Business Checking℠ Account Read Review | 4.0/5 | $10.00 Waived with $500 minimum balance | N/A | N/A | Read Review |
I'M INTERESTED IN:
Our pick for
Non-bank option for small businesses
Bluevine Business Checking
With $0 min. balance for APY
Fees vary by location.
Requirements to qualify
Pros
- No monthly fees or minimum opening deposit.
- 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.
- Free incoming wires and low outgoing wire transfer fees.
Cons
- Fee for cash deposits.
- Fee for using out-of-network ATMs.
- Does not offer jointly-owned accounts.
Our pick for
No-fee business banking checking
nbkc Business Account
Unlimited
Pros
- No monthly fees or minimum opening deposit.
- Unlimited fee-free transactions, no overdraft fees and free incoming domestic wires.
- Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
- Unlimited cash deposits via MoneyPass and Allpoint ATMs.
- Accept contactless payments via the NBKC app (iOS only). Fees apply.
Cons
- High fee ($45) for international wire transfers.
- Phone support only available during business hours.
- No third-party app integrations.
Our pick for
Branch access
Chase Business Complete Banking®
Waived with $2,000 minimum balance
Up to $5,000 per month.
Requirements to qualify
Pros
- No minimum opening deposit.
- Unlimited fee-free electronic transactions.
- Integrated credit card processing.
- No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
- 24/7 customer support.
- No fees at 16,000 Chase ATMs and access to around 4,700 branches.
Cons
- $15 monthly fee.
- Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
- Fee for using out-of-network ATMs.
Our pick for
Cash deposits
Bank of America® Business Advantage Fundamentals™ Banking
$0 for the first 12 statement cycles.
Up to $7,500 per statement cycle.
Pros
- No monthly fee for the first 12 statement cycles.
- High cash deposit limits.
- Welcome offer for new accountholders.
- Loyalty perks via Preferred Rewards for Business program.
Cons
- $100 minimum opening deposit.
- Fee for using out-of-network ATMs.
Our pick for
Online banking + business credit cards
American Express® Business Checking
With $0 min. balance for APY
No cash deposits.
Pros
- No monthly fees or minimum opening deposit.
- 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.
Our pick for
High-yield business savings + SBA loans
Live Oak Bank Business Savings
With $0.01 min. balance for APY
No cash deposits
Requirements to qualify
Pros
- Industry-leading APY.
- Earn interest on balances of $0.01 and higher.
- No monthly fee or minimum deposit.
- Access up to $10 million in FDIC insurance with Insured Cash Sweep.
Cons
- No ATM or debit card access.
- No weekend customer support.
Our pick for
Branch access + business loans
Wells Fargo Initiate Business Checking℠ Account
Waived with $500 minimum balance
Up to $5,000.
Pros
- Phone customer support available until 11 p.m. ET on weekdays and on Saturdays and Sundays.
- No fees at Wells Fargo ATMs and access to around 4,900 branch locations.
Cons
- No free business checking account option.
- Limit of 100 fee-free transactions per month.
Best banks for business accounts in Texas
Bluevine
- Bluevine Standard: No monthly fee, minimum deposit, overdraft fees or transaction limits.Earn 1.50% interest on account balances up to and including $250,000. Terms apply.
- Bluevine Premier: Earn4% APY on balances up to $3 million (terms apply). Monthly fee of $95is 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.
- Business lines of credit up to $250,000.
- Cash-back business credit card available for eligible Bluevine business checking customers (by invitation only).
NBKC
- Free business checking with no monthly fees, overdraft fees or transaction fees.
- Free, unlimited cash deposits at participating MoneyPass and Allpoint ATMs.
- Fees charged by other ATMs are automatically refunded (up to $12 per month).
- Account can be opened and managed entirely online.
- Add-on invoicing software for $10 per month, after a free 60-day trial.
Chase
- 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.
- 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
- Two account options with respective fees of $16and $29.95 per month, though both can be waived 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 200 fee-free non-electronic transactions (checks paid, other debits, deposited items) and up to $5,000 in fee-free cash deposits per statement cycle.
- Opportunity to earn a welcome bonus. Terms apply.
- 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.
Axos
- 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 $5,000. The account earns up to1.01%APY.
- Basic Business Checking has no monthly fee or minimum opening deposit requirement and includes unlimited fee-free transactions.
- Both accounts allow cash deposits via compatible AllPoint and MoneyPass ATMs.
- Business savings, money market and certificates of deposit.
- Business Premium Savings Account earns4.01%APY on all balances.
- Merchant services, including point-of-sale systems, e-commerce solutions and check acceptance through Cerelo Merchant Services.
- Small-business loans, including SBA 7(a) loans, real estate and equipment financing, and working capital loans.
American Express
- Online business checking account with no monthly fees. Earn1.30%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.
- Top-rated business credit cards, including branded hotel and airline business cards for Hilton, Marriott, Delta and Amazon.
- American Express Business Blueprint™, a suite of products that includes business lines of credit, as well as invoicing and credit card processing.
Live Oak
- 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).
- High-yield savings account that earns3.70%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.
Wells Fargo
- 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.
- 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.
- Point-of-sale systems available through Clover.
- Payroll services available through ADP.
Other Texas-based business banks to consider
- City Bank: A free business checking option, plus a full suite of business loans products, including agricultural loans.
- First Horizon: Free business checking plus high-yield savings options, including a business certificate of deposit account that currently earns 5.10% APY (11-month term).
- Frost Bank: Business checking with a low monthly fee that has multiple ways to waive, plus a high-yield business money market account that, as of this writing, earns 1.40% to 2.20% APY depending on your balance. Frost is also an active lender in the SBA’s 7(a) loan program.
- Randolph-Brooks Federal Credit Union (RBFCU): Free and low-fee business checking options, along with business loans, mobile payment processing and payroll services. RBCFU makes it easy to become a member and has more than 60 branch locations across the state.