Best Banks for Small Businesses in Texas of October 2025
NerdWallet evaluated national, regional and online financial institutions to find the best banks for small businesses in Texas. Our selections offer services that can support your company as it grows and evolves.
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 1.30% 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, but it works with an FDIC-insured partner bank to offer a free business checking account with a high APY: Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
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, but it works with an FDIC-insured partner bank to offer a free business checking account with a high APY: Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
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 best known for its suite of business credit cards, but they also offer a top-notch business checking account that earns 1.30% APY on balances up to $500,000. American Express has 24/7 live customer support as well, so you can always get a hold of someone when you need help.
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 best known for its suite of business credit cards, but they also offer a top-notch business checking account that earns 1.30% APY on balances up to $500,000. American Express has 24/7 live customer support as well, so you can always get a hold of someone when you need help.
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 savings account, which earns 3.15% APY on all balances. Live Oak also has a robust business loan program and has been the leading SBA 7(a) loan provider in Texas (by dollar amount) for each of the past five completed fiscal years.
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 savings account, which earns 3.15% APY on all balances. Live Oak also has a robust business loan program and has been the leading SBA 7(a) loan provider in Texas (by dollar amount) for each of the past five completed fiscal years.
Access to Insured Cash Sweep network for expanded FDIC insurance.
Cons
Fee for excess transactions.
No ATM or debit card access.
Axos's Business Premium Savings Account offers a competitive APY. Axos customers with high balances can access FDIC insurance for up to $250 million in deposits through Insured Cash Sweep.
Access to Insured Cash Sweep network for expanded FDIC insurance.
Cons
Fee for excess transactions.
No ATM or debit card access.
Axos's Business Premium Savings Account offers a competitive APY. Axos customers with high balances can access FDIC insurance for up to $250 million in deposits through Insured Cash Sweep.
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.
Axos offers a competitive 3.8% APY on its business savings account. Customers with high balances can access expanded FDIC insurance for up to $250 million in deposits through Insured Cash Sweep accounts. The bank’s free business checking account includes unlimited ATM fee refunds (including third-party fees) and cash deposits at compatible ATMs.
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 $5,000. 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.
Both accounts allow cash deposits via compatible AllPoint and MoneyPass ATMs.
Additional services:
Business savings, money market and certificates of deposit.
Business Premium Savings Account earns 3.80% 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.
Bank of America has a strong presence in the Lone Star state with around 355 branch locations and more than 1,410 fee-free Bank of America ATM locations in Texas. Bank of America Preferred Rewards for Business members may qualify for 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.
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.
Bluevine technically isn’t a bank. But the financial services company offers a free online business checking account, which is backed by Coastal Community Bank and insured by the FDIC for up to $3 million via the IntraFi sweep network. Bluevine also offers business lines of credit.
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 doesn’t offer 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. There are nearly 500 Chase branches in Texas and roughly 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.
Best for: High-yield business savings and SBA loans
This online bank’s big draw is its free high-yield savings account, which earns 3.15% APY with no minimum balance requirements. 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 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.
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), the National Guard, Department of Defense employees and their families.
Navy Federal Credit Union 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.
NBKC’s free business checking is an attractive option for business owners who don’t mind a fully online banking experience. While NBKC has only four branch locations, all in the Kansas City area, customers can access their account through NBKC's mobile app, its website and any of the 90,000+ MoneyPass and Allpoint ATMs.
NBKC busines banking highlights
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.
Additional services:
Add-on invoicing software for $10 per month, after a free 60-day trial.
Wells Fargo has nearly 500 branches in Texas and offers a wide range of banking services for business owners who want in-person banking and can swing a 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.
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.
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 1.10% to 1.90% 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.
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 January 2, 2025
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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