Best Banks for Small Business of September 2023

The best banks for small business give entrepreneurs a one-stop-shop for all their business banking needs, with a free or low-fee business checking account, as well as options for savings, credit cards, business loans or merchant services.

You may want to leverage small-business banking services from multiple institutions to keep your funds secure — especially if your deposits exceed the federally insured limit of $250,000. Keeping payroll and an emergency fund at different business banks from your main business account can also help shield your business from disruptions.

Note: While we detail the range of business services offered by those banks, the star ratings listed are specific to the bank’s business checking account. If a bank offered multiple business checking accounts, we rated the entry-level account.