best small business bank account in texas

Open an RBFCU business account today to gain access to our full suite of loan options and is one of the leading SBA lenders among Texas credit unions. Banking services and products from SunTrust Bank including checking and savings accounts, credit cards, mortgages, wealth management and retirement. Best For, The GTFCU business checking account is perfect for businesses of all sizes. Monthly Fee, $0. APY, 0.05%*. Opening Deposit, $100.

: Best small business bank account in texas

Best small business bank account in texas
Best small business bank account in texas
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best small business bank account in texas
SMB insurers (15)



Leading USA digital small business banks
ranked by our FAB score (Fintech Attention Barometer*)

CompanyFAB ScoreReview DateFoundedHQFunding $MVisits (Oct 21)
Mercury15822 Nov ’212017SF$152910,000
NOVO11422 Nov ’212016NYC$46890,000
Oxygen8222 Nov ’212018SF$24690,000
Rho6722 Nov ’212018NYC$12053,000
Lili6522 Nov ’212018NYC$80220,000
Found6522 Nov ’212019SF$15540,000
NorthOne3922 Nov ’212016NYC$23270,000
Relay FI3322 Nov ’212018Toronto$19200,000
Nearside (Hatch)2522 Nov ’212018SF$19140,000
Grasshopper2322 Nov ’212016NYC$1313,300

Unlaunched

Guava NA22 Best small business bank account in texas ’212018NYCINA1,500
VergoNA22 Nov ’212021NYC$0.11,200

Source: FintechLabs, Pitchbook, Crunchbase, Craft, SimilarWeb, SEMrush; 22 Nov 2021
*As nerds do, we are developing a proprietary score measuring the adoption of private digital financial services companies that do not release traditional metrics (# customers, deposits, AUM, etc). We call it the FAB score, standing for Fintech Attention Barometer. It’s a work in progress, so expect changes in the formula.
**Funding is the amount invested into the company as either equity or debt.


Challenger SMB Banks Currently Active in the United States


1. Mercury Technologies
FAB Score = 158
– HQ: San Francisco Bay Area
– Founded: 2017
– Raised $152M (Crunchbase)
– Website visits: 910,000 (Oct 2021; SimilarWeb)
– Employees: 149 (Pitchbook)
– Articles: 13 (Crunchbase)
– Linkedin: 7,900 followers
– Twitter: 12,500 followers
– Trustpilot: 4.3 (260 reviews)


 

2. Novo
FAB Score: 114
– HQ: NYC
– Founded: 2016
– Raised $46M (Crunchbase)
– App downloads (last 30 days): 15,400 (Apptopia)
– Website visits: 890,000 (Oct 2021; SimilarWeb)
– Employees: 60 (Pitchbook)
– Articles: 52 (Crunchbase)
– Linkedin: 8,300 followers
– Twitter: 1,950 followers
– Industry awards: 4 (Novo)
– Integrations: Wise, Xero, Slack
– TrustPilot: 3.9 (951 reviews)
– iOS app: 4.8 (7,400 reviews)


3. Oxygen
FAB Score = 82

– HQ: San Francisco Bay Area
– Founded: 2018
– Raised $24M ($17M in 2020) (Crunchbase)
– Website visits (Oct 2021): 690,000 (SimilarWeb)
– Employees: 84 (Pitchbook)
– Articles: 19 (Crunchbase)
– Linkedin: 4,200 followers
– Twitter: 1,650 followers
– Trustpilot: 3.8 (141 reviews)
– iOS: 4.8 (16,500 reviews)


Image

4. Rho
FAB Score = 67
– HQ: NYC
– Founded: 2018
– Raised $120M ($100M in 2021) (Crunchbase)
– Website visits (Oct 2021): 53,000 (SimilarWeb)
– Employees: 60 (Pitchbook)
Does a paypal business account cost money 20 (Crunchbase)
– Linkedin: 2,000 followers
– Twitter: 770 followers
– Trustpilot: No reviews

 


5. Lili
FAB Score = 65
– HQ: NYC
– Founded: 2018
– Raised $80M (Crunchbase)
– Website visits (Oct 2021): 220,000 (SimilarWeb)
– Employees: 42 (Pitchbook)
– Articles: 12 (Crunchbase)
– Linkedin: 6,200 followers
– Tiktok: 190,000 followers
– Trustpilot: 1.8 (17 reviews)


6. Found (NEW)
FAB Score = 65
– HQ: San Francisco Bay Area
– Founded: 2019
– BaaS partner: LendingClubBank
– Raised $15.2 ($12.75M in 2021) (Crunchbase)
– Website visits (Oct 2021): 540,000 (SimilarWeb)
– Employees: 28 (Pitchbook)
– Articles: 0 (Crunchbase)
– Linkedin: 830 followers
– Twitter: 323 followers
– Trustpilot: NA (1 review)
– iOS: 4.8 (1,100 reviews)

 


7. NorthOne
FAB Score: 39
prefab shipping container homes for sale in north carolina HQ: NYC/Toronto
Spirit airlines phone number usa 2016
– Raised $23.3M (Crunchbase)
– Website visits (Oct 2021): 270,000 (SimilarWeb)
– Employees: 98 (Pitchbook)
– Articles: 16 (Crunchbase)
– Linkedin: 6,500 followers
– Twitter: 2,510 followers
– TrustPilot: 3.7 (87 reviews)
– iOS: 4.6 (1,300 reviews)

 

8. Relay FI
FAB Score: 33
– HQ: Toronto
– Founded: 2018
– Partner bank: Evolve
– Raised $19M (Crunchbase)
– Website visits (Oct 2021): 200,000 (SimilarWeb)
– Employees: 19 (Pitchbook)
– Articles: 3 (Google News)
– Linkedin: 1,600 followers
– Twitter: 680 followers
– TrustPilot: 4.3 (88 reviews)
– iOS: 3.0 (20 reviews)

 


9. Nearside (formerly Hatch)
FAB Score = 25
– HQ: SF
– Founded: 2018
– Raised $19M (most recently, $14M in Feb 2020) (Crunchbase)
– Website visits: 140,000 (SimilarWeb)
– Employees: 65 (Pitchbook)
– Articles: 3 (Google News)
– Twitter: 730 followers
– Linkedin: 870 followers
– TrustPilot: no reviews
– iOS: 4.0 (30 reviews)


10. Grasshopper Bank
FAB Score = 23

– HQ: NYC
– Founded: 2016
– Raised $131M prior to 2020 (Crunchbase)
– Website visits: 3,300 (SEMrush)
Employees: 60 (Pitchbook)
– Citations: 8 (Crunchbase)
– Linkedin: 8,400 followers
Twitter: 820 followers
– Trustpilot: No reviews

 


Unlaunched

11. Vergo
FAB Score = 6
– HQ: NYC
– Founded: 2021
– Raised $100,000 (Crunchbase)
– Website visits (Oct 2021): 1,200 (SEMrush)
Employees: 12 (Linkedin)
– Citations: 8 (Crunchbase)
– Linkedin: 103 followers
– Trustpilot: NA

12. Guava
FAB Score: 3
– HQ: NYC
– Founded 2018
– Raised: Unknown (Crunchbase)
– Website visits (Oct 2021): 1,500 (SEMrush)
– Employees: 2 (Pitchbook)
– Linkedin: 340 followers


13. Not launched: Kuma Bank
FAB Score: TBD (waitlist)
HQ: Hollywood, CA


Challengers Closed to New Accounts


13. Solid (was Wise)*
FAB Score: 16
– HQ: SF
– Founded: 2018
– Raised $17.8 (Crunchbase)
– Website visits: 43,000 (July 2021, SEMRush)
– Employees: 50 (Pitchbook)
– Citations: 4 (Crunchbase)
*Note: Pivoted to BaaS. Don’t best buy 0 financing to be offering accounts directly.


14. Joust (acquired by ZenBusiness, 30 July 2020; currently referring customers to Radius Bank)
– Target: Freelancers
– HQ: Austin, TX
– Founded: 2017
– Raised: $11M (Crunchbase)
– Website visits: Unknown
– Employees: 18 (Pitchbook)
– Citations: 5 (Crunchbase)
– Twitter followers: 448
– Trustpilot: NA
– iOS: 4.1 (28 reviews)


15. Seed (Acquired by Cross River Bank currently closed to new customers)
best small business bank account in texas HQ: San Francisco Bay Area
– Founded: 2014
– Raised $5.2M (2015) (Crunchbase)
– App downloads (last 30 days): 425 (Apptopia)
– Website visits: 210 (May 2021; SEMrush)
– Number of employees: 12 (Pitchbook)
– Citations: 4 (Crunchbase)
– Twitter: 810 followers


Addendum: Other SMB/SME challenger banks around the world (not a definitive list):

UK

Germany

Australia

France

Rest of world

Источник: https://fintechlabs.com/top-u-s-digital-banks-for-small-businesses/

Business Checking

Free Small Business Checking

Free Small Business Checking gives you the freedom of an account without fees, so you can use your money to work hard

for your business.

 

If you are a small business owner or sole proprietor and write a limited amount of checks, we have the account for you.

Our Free Small Business Checking gives you the freedom of an account without fees, so you can use your money to work hard for

your business.

 

Features

  • Up to 100 Free transactions per month *(Includes Items of Deposit, Checks and ACH)
  • No monthly maintenance fee
  • Business Visa Debit Card
  • Online Banking with Bill Pay
  • Online Payroll Direct Deposit**
  • Business Credit Card***
  • Free eStatements with Images (Required for this account)
  • Negative Average Ledger Overdraft fee Prime + 2%

*Additional transactions are $.10 each (Includes Items of Deposit, Checks, and ACH)

**Online Payroll Direct Deposit up to 50 transactions per month free, thereafter $.10 per transaction

***Credit qualifications apply

Review Requirements

Источник: https://www.lubbocknational.com/Business-Checking.aspx

Small Business Banking west valley police department

Why doesn't the LGBTQ plus community have a spirit, that's created by us and targets us directly? Trademarks, TTBs, one year later, and Lambda Vodka's on the market and in stores.

So we decided to go with vodka because we went with our own personal opinion when we go out to nightclubs and bars, is that vodka is one of the best small business bank account in texas one spirits that we see being purchased. And it's one of the easiest to distill.

So my husband, he did a little more research to the community, which was very smart.

And he found out the significance of best small business bank account in texas Greek lambda symbol within the LGBTQ community, and that signified gay liberation in the 1970s during the Stonewall Era. So we thought, wow, this is a good connection.

It was perfect. Yeah.

Good connection for us in the community. We've amassed such a huge amount of support from the community and surprisingly so. So it started off as a best small business bank account in texas was just gonna try it out. Let's do one pallet and see how it goes.

Before you know, best small business bank account in texas like, okay, we can't stop.

We have to keep going because everybody wants this.

It's hard to get a spirit into location. So we were humble enough to get 20 plus locations to purchase best small business bank account in texas spirit on top of working a full-time job.

But we still thought, well, how can we go about alleviating the full-time job from the equation and focusing directly on the spirit.

Why not open a brick-and-mortar to sell your product in your location?

So that's why we decided to go into business of opening our very own lounge, and Lambda Lounge is here. I heard somebody outside call it the gay Cheers.

Lambda Vodka as well as Lambda Lounge are supportive of the LGBTQ community because we are providing a best small business bank account in texas space for us to commune.

We're open six nights a week strictly for the LGBTQ plus community and supporters of the community because there aren't a lot of places in Harlem that give us access every night of the week.

When we decided to do the lounge, we knew that we were gonna need funding for it. So then it came, okay, we have to go to a financial institution, and TD Bank reached out to us.

And when I tell you they came, and they presented extremely well,we've never felt more at home with the bank than when we met Steven at TD Bank.

I think what caught us off guard was we had no idea that there was a bank that actually had a sector of it's dedicated specifically to the LGBTQ community.

That immediately, finding that out, we were sold.

And to add on to that, not just for the community, but having someone from the community be a representation of it. So, I mean, that really made us feel at home.

We had tried other routes before going to TD Bank. We went the SBA route.We tried to get grants.We tried these avenues, and they weren't receptive. So we ended up deciding to go with different lenders.We didn't want to accumulate a lot of debt in this process, but it turned out to be something that was necessary and TD Bank,(man speaks faintly) Yeah, they were right on point with it.

We were able to get our home equity line of credit. So we moved all of our accounts over to TD Bank.

And Steven, he really seemed genuine that he cared, not only trying to get our business,but he also provided us with resources for people to look over our business plan.

And this was prior to us even having business with TD Bank. So it's a little more than getting business. They actually do care about you.

When I met Charles and Richard, they had this amazing vodka brand that they had just built and had aspirations of opening up a lounge.

And when we sat down, I saw that there were so many opportunities to really connect them to some technical assistance providers that I was partnered with to really help with getting them the resources allpoint atm deposit cash needed to access capital and start their brand. Starting a business is such a coldwell banker bain edmonds experience because there's so many things that you don't know and you need help with.

And being able to help connect them to these resources really made a difference. And that's kind of what we're looking for as I go out into the community, is to really help make a difference through,not just our products and services, but the resources that I can help provide.

(relaxing music)

Источник: https://www.td.com/us/en/small-business/

Business Banking & Loans

  • Starting a Business

    Taking your first steps toward opening your own business can be exciting — and sometimes stressful. Here are a few ways you can achieve your business goals — and make it on your own.

  • Budgeting and Planning

    Overnight successes are rare in business — it takes time and planning to build stability. We've got some tips to help you budget and plan for the future, no matter what your ultimate goals.

  • Managing Cash Flow

    Whether your work is seasonal or consistent, it's important to manage your cash flow well, all year long. Learn more about how to stay in the black no matter what month it is.

  • Financing Growth

    When you're ready to grow your business, Bank of Texas is here for you. Learn more about financing your business expansion today.

  • Expanding to New Markets

    If you're looking to bring in new clients for your business, check out our tips for finding and securing new markets.

Why Choose Bank of Texas for Your Business?

Whether you’re a seasoned business owner, or just starting out, we offer local advice, guidance, and banking solutions to help your business achieve its goals.

Articles and Resources

More Articles

Источник: https://www.bankoftexas.com/business/business-banking-and-loans

Business Checking

Small Business Checking

If you are a business or organization with smaller volumes and basic checking needs, this account is right for you.

Business Checking

A checking product for growing businesses with elevated banking activity levels.

Commercial Checking

Commercial Checking is the solution for customers with higher balances and activity. An earnings credit is calculated each month based on the balances maintained. Tarrant county tax appraisal map earnings credit is applied to the cost of services (number of debits/credits posted, wire transfers, change orders, stop payments, deposited currency, etc.) to offset a portion (if not all) of your service charges. Paired with Cash Management Services, this account will give you greater financial control.

Capital NOW Business Checking2

If you are a sole proprietor, a non-profit organization or a best small business bank account in texas agency seeking to earn interest on your checking account, this account may be right for you.

Capital NOW IOLTA Checking3

This type of account allows attorneys to meet requirements for placing funds in IOLTA accounts.

Capital Bank Business Checking Accounts Comparison Chart

Accounts

Small Business Checking1

Business Checking1 

Commercial Analyzed Checking1 

Capital NOW Business Checking2

Capital NOW IOLTA Checking3

Monthly Maintenance Fee

No maintenance fee with an average collected balance of $3,000, otherwise $12.

No maintenance fee with an average collected balance of $25,000, otherwise $16 

$15 maintenance fee

An earnings credit is calculated each month based on the investable balances maintained. The earnings credit is applied to the cost of ALL services utilized throughout the month to offset a portion (if not all) of the service charges.

No maintenance fee with a minimum daily balance of $2,000, otherwise $12.

No maintenance fee

Transactions

Up to 100 transactions per statement cycle included. Each additional transaction is $0.35 (includes all debits, credits and items best small business bank account in texas to 250 transactions per statement cycle included. Each additional transaction is $0.25 (includes all debits, credits and items deposited).

  • Deposit/Credit/ACH Credit (per item) $0.40
  • Check/Debit/ACH Debit (per item) $0.15
  • Deposited Item
    (per item) $0.10

Unlimited transactions with a $2,000 minimum daily balance, otherwise $0.10 per transaction (includes all debit and credit transactions).

Unlimited

Interest

None

None

None

Maintain $500 average daily balance to earn interest. Interest accrues daily and is paid monthly.

No minimum balance required to earn interest. Interest accrues daily and is paid monthly. 

Minimum to Open

$100

 $100

$100

$100

$100

 Paper Statement

$3 

 $3

$3

$3

None 

Miscellaneous Fees 

1Cash Deposited Processing Fees apply - Per statement cycle, first $10,000 is at no charge - $1.00 per $1,000 deposited thereafter.
1Negative Available Balance Fees apply - See our Business Banking Schedule of Fees.
2Limited to Sole Proprietors, certain non-profit organizations, or government agencies
3Operating account required.

Capital Bank requires entity information regarding Beneficial Ownership for Corporations, Partnerships and Limited Liability Companies. For additional information visit our Beneficial Ownership of Legal Entities.

Источник: https://www.capitalbanktx.com/Business-Checking.aspx

Best small business bank account in texas -

Small Business Banking

Why doesn't the LGBTQ plus community have a spirit, that's created by us and targets us directly? Trademarks, TTBs, one year later, and Lambda Vodka's on the market and in stores.

So we decided to go with vodka because we went with our own personal opinion when we go out to nightclubs and bars, is that vodka is one of the number one spirits that we see being purchased. And it's one of the easiest to distill.

So my husband, he did a little more research to the community, which was very smart.

And he found out the significance of the Greek lambda symbol within the LGBTQ community, and that signified gay liberation in the 1970s during the Stonewall Era. So we thought, wow, this is a good connection.

It was perfect. Yeah.

Good connection for us in the community. We've amassed such a huge amount of support from the community and surprisingly so. So it started off as a hobby.

He was just gonna try it out. Let's do one pallet and see how it goes.

Before you know, it's like, okay, we can't stop.

We have to keep going because everybody wants this.

It's hard to get a spirit into location. So we were humble enough to get 20 plus locations to purchase our spirit on top of working a full-time job.

But we still thought, well, how can we go about alleviating the full-time job from the equation and focusing directly on the spirit.

Why not open a brick-and-mortar to sell your product in your location?

So that's why we decided to go into business of opening our very own lounge, and Lambda Lounge is here. I heard somebody outside call it the gay Cheers.

Lambda Vodka as well as Lambda Lounge are supportive of the LGBTQ community because we are providing a safe space for us to commune.

We're open six nights a week strictly for the LGBTQ plus community and supporters of the community because there aren't a lot of places in Harlem that give us access every night of the week.

When we decided to do the lounge, we knew that we were gonna need funding for it. So then it came, okay, we have to go to a financial institution, and TD Bank reached out to us.

And when I tell you they came, and they presented extremely well,we've never felt more at home with the bank than when we met Steven at TD Bank.

I think what caught us off guard was we had no idea that there was a bank that actually had a sector of it's dedicated specifically to the LGBTQ community.

That immediately, finding that out, we were sold.

And to add on to that, not just for the community, but having someone from the community be a representation of it. So, I mean, that really made us feel at home.

We had tried other routes before going to TD Bank. We went the SBA route.We tried to get grants.We tried these avenues, and they weren't receptive. So we ended up deciding to go with different lenders.We didn't want to accumulate a lot of debt in this process, but it turned out to be something that was necessary and TD Bank,(man speaks faintly) Yeah, they were right on point with it.

We were able to get our home equity line of credit. So we moved all of our accounts over to TD Bank.

And Steven, he really seemed genuine that he cared, not only trying to get our business,but he also provided us with resources for people to look over our business plan.

And this was prior to us even having business with TD Bank. So it's a little more than getting business. They actually do care about you.

When I met Charles and Richard, they had this amazing vodka brand that they had just built and had aspirations of opening up a lounge.

And when we sat down, I saw that there were so many opportunities to really connect them to some technical assistance providers that I was partnered with to really help with getting them the resources they needed to access capital and start their brand. Starting a business is such a daunting experience because there's so many things that you don't know and you need help with.

And being able to help connect them to these resources really made a difference. And that's kind of what we're looking for as I go out into the community, is to really help make a difference through,not just our products and services, but the resources that I can help provide.

(relaxing music)

Источник: https://www.td.com/us/en/small-business/

Business Checking Accounts

Business Solutions

Enjoy the convenience and security of using merchant services, along with essential cash management tools available for enrollment directly through your Regions Online Banking account – keeping your business one step ahead.

Community Involvement

We believe in giving back to our communities by supporting local organizations and donating our time and talents. We even give associates a paid day off each year to volunteer with a cause of their choice.

Convenience

Bank when, where and how you want with Mobile and Online Business Banking solutions such as Bill Pay, Online Statements, Online Funds Transfer and Quicken/Quickbooks Access.

Flexibility

Choose from among a variety of checking, savings, credit and loan products and services that are specially designed to help you manage your day-to-day operations so you can concentrate on what you do best.

Insights

Visit Business Insights by Regions to take advantage of tools, tips and calculators that help you manage your business, monitor cash flow, provide information on financing options and track your spending.

Personal Service

With award-winning customer service through a branch, online, over the phone, on Facebook or Twitter, or even at an ATM, we strive to make each experience a satisfying one.

Источник: https://www.regions.com/small-business/business-checking

Business Banking & Loans

  • Starting a Business

    Taking your first steps toward opening your own business can be exciting — and sometimes stressful. Here are a few ways you can achieve your business goals — and make it on your own.

  • Budgeting and Planning

    Overnight successes are rare in business — it takes time and planning to build stability. We've got some tips to help you budget and plan for the future, no matter what your ultimate goals.

  • Managing Cash Flow

    Whether your work is seasonal or consistent, it's important to manage your cash flow well, all year long. Learn more about how to stay in the black no matter what month it is.

  • Financing Growth

    When you're ready to grow your business, Bank of Texas is here for you. Learn more about financing your business expansion today.

  • Expanding to New Markets

    If you're looking to bring in new clients for your business, check out our tips for finding and securing new markets.

Why Choose Bank of Texas for Your Business?

Whether you’re a seasoned business owner, or just starting out, we offer local advice, guidance, and banking solutions to help your business achieve its goals.

Articles and Resources

More Articles

Источник: https://www.bankoftexas.com/business/business-banking-and-loans

Business Checking

Small Business Checking

If you are a business or organization with smaller volumes and basic checking needs, this account is right for you.

Business Checking

A checking product for growing businesses with elevated banking activity levels.

Commercial Checking

Commercial Checking is the solution for customers with higher balances and activity. An earnings credit is calculated each month based on the balances maintained. This earnings credit is applied to the cost of services (number of debits/credits posted, wire transfers, change orders, stop payments, deposited currency, etc.) to offset a portion (if not all) of your service charges. Paired with Cash Management Services, this account will give you greater financial control.

Capital NOW Business Checking2

If you are a sole proprietor, a non-profit organization or a government agency seeking to earn interest on your checking account, this account may be right for you.

Capital NOW IOLTA Checking3

This type of account allows attorneys to meet requirements for placing funds in IOLTA accounts.

Capital Bank Business Checking Accounts Comparison Chart

Accounts

Small Business Checking1

Business Checking1 

Commercial Analyzed Checking1 

Capital NOW Business Checking2

Capital NOW IOLTA Checking3

Monthly Maintenance Fee

No maintenance fee with an average collected balance of $3,000, otherwise $12.

No maintenance fee with an average collected balance of $25,000, otherwise $16 

$15 maintenance fee

An earnings credit is calculated each month based on the investable balances maintained. The earnings credit is applied to the cost of ALL services utilized throughout the month to offset a portion (if not all) of the service charges.

No maintenance fee with a minimum daily balance of $2,000, otherwise $12.

No maintenance fee

Transactions

Up to 100 transactions per statement cycle included. Each additional transaction is $0.35 (includes all debits, credits and items deposited).

Up to 250 transactions per statement cycle included. Each additional transaction is $0.25 (includes all debits, credits and items deposited).

  • Deposit/Credit/ACH Credit (per item) $0.40
  • Check/Debit/ACH Debit (per item) $0.15
  • Deposited Item
    (per item) $0.10

Unlimited transactions with a $2,000 minimum daily balance, otherwise $0.10 per transaction (includes all debit and credit transactions).

Unlimited

Interest

None

None

None

Maintain $500 average daily balance to earn interest. Interest accrues daily and is paid monthly.

No minimum balance required to earn interest. Interest accrues daily and is paid monthly. 

Minimum to Open

$100

 $100

$100

$100

$100

 Paper Statement

$3 

 $3

$3

$3

None 

Miscellaneous Fees 

1Cash Deposited Processing Fees apply - Per statement cycle, first $10,000 is at no charge - $1.00 per $1,000 deposited thereafter.
1Negative Available Balance Fees apply - See our Business Banking Schedule of Fees.
2Limited to Sole Proprietors, certain non-profit organizations, or government agencies
3Operating account required.

Capital Bank requires entity information regarding Beneficial Ownership for Corporations, Partnerships and Limited Liability Companies. For additional information visit our Beneficial Ownership of Legal Entities.

Источник: https://www.capitalbanktx.com/Business-Checking.aspx

SMB Fintech Stack (Source: Canapi)


The first pure-play online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on. The legacy players held onto their market share by providing digital services that were “good enough” to retain customers loath to switch banks.

But that began changing 3 or 4 years ago, first in the UK, then elsewhere as well-financed digital players started making inroads with consumers, first Monzo, then Revolut, Starling, Nubank, Chime, just to name a few. But we still haven’t seen a breakout small business bank. The digital small biz lenders are grabbing share, Kabbage, Square, Paypal, Amazon, Brex, etc. But there is not yet a place where small businesses flock to get deposit, payment, and financing needs met in a single interface.

So who are the best business banks? Let’s start with a definition. I don’t believe they need to be regulated as a bank as long as they facilitate the big three products under one UI:

  • deposits (e.g., cash-holding account)
  • debit or charge cards
  • credit lines

Under that definition, PayPal is a business bank as is Square and Amazon. But Kabbage which only offers a credit line, is not.

Finally, the company must be predominantly focused on small-business financial services (eliminates Paypal, Amazon, Square) delivered primarily digitally (rules out Wells Fargo, BofA, and the majority of traditional banks). We are also including divisions of traditional FIs if they operate under a separate autonomous brand, such as BBVA’s Azlo (which closed this month).

NEW: Looking for digital lenders, corporate charge/credit cards or insurance?
Check out other lists: SMB online lenders (33)

Best banks in Texas in 2021

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The best banks in Texas offer quick access to your money, customer support, low fees. To find the best banks and credit unions in Texas, we reviewed over 130 banks, then, weeded through factors like account types, overall fees, accessibility, customer service and special features to bring you the top eight best financial institutions in Texas.

What’s changed in 2021?

We added a list of the best banks in Texas.

We added Marcus to our list because it has strong CD rates. We added Ally Bank because its savings account is free to open and comes with lots of features. We added Alliant as the best credit union because it’s open to anyone in the US and has accounts with low fees and competitive APYs.

Quick look at the best banks

8 best banks in Texas

Take a closer look at each of the eight best banks in Texas by comparing the details of each.

USAA Federal Savings Bank: Best for military members

There’s no denying that Texas has a large military presence. If you’re a service member who’s in the market for a new bank, USAA Bank may have exactly what you need. It primarily serves active duty National Guard and Reserve members, veterans, cadets, midshipmen and their immediate family members.

Pros
  • Account perks. There’s a checking account that earns cashback rewards, another that comes with ATM rebates and another only for recruits.
  • Savings tools. Its savings accounts have no monthly fees and as an account holder, you get access to savings tools that help you set and manage goals.
  • ATM rebates. USAA has over 60,000 in-network ATMs nationwide. And if you use a non-network ATM, you’ll get reimbursed for up to $15 in fees a month.
Cons
  • Eligibility. Although rates are on par with the national average, they’re lower than other online banks.
  • Limited in-person options. USAA Bank only has five branch locations, which can be restrictive if you need to bank face-to-face.
  • No business banking products. Business owners won’t find any checking or savings options at USAA Bank.

Ally bank LogoRead Review

Ally Bank: Best for savings

Ally is the best bank in Texas for savings thanks to its competitive interest rates, low fees and automatic savings tools designed to help you grow your nest egg.
Pros
  • No hidden fees. Ally doesn’t charge monthly fees for any of its accounts. You also get free access to over 38,000 ATMs in the AllPoint network.
  • Four savings tools. Ally has tools to help you divide your money into different buckets, round-up debit card purchases, automate deposits and sweep unused funds from your checking account.
  • Competitive APYs. Earn up to 0.15% on its checking account, 0.5% on its savings account and up to 0.8% on CDs.
Cons
  • No cash deposits. Ally doesn’t accept cash deposits, which is typical of online banks. You’ll need to mail in a money order instead.
  • 30 days to fund account. You can open an account with as little as $0, but Ally will close it if it’s not funded within 30 days.
  • No debit or ATM card. Ally’s savings account doesn’t come with an ATM card, which means you won’t be able to withdraw cash without first transferring it somewhere else.

BBVA: Best for online banking

Although not headquartered in Texas, BBVA operates as the sixth largest bank in the state. It has a six-time award-winning mobile app, which is why it takes the cake as the best institution for online banking.

Pros
  • Low opening deposits. You’ll only need $25 to open most checking and savings accounts and $500 to open CDs.
  • Large Texas presence. BBVA has a vast network of over 649 branches and 64,000 ATMs. Over half of its branch locations are in Texas alone.
  • Good customer service. Unlike other banks, BBVA lets you video chat with a teller if you can’t make it to a branch. You can also schedule a time to have customer service call you.
Cons
  • Average APYs. Although rates are on par with the national average, they’re lower than other online banks.
  • Potential monthly fees. Most accounts have a monthly Service Charge, but you can waive them when you meet specific direct deposit or minimum balance requirements.
  • Some in-person applications. You have to open certain CD terms in person at a local branch.

Axos bank LogoRead Review

Axos Bank Bank: Best for checking

Axos Bank isn’t based in Texas, but its large national presence makes it a great choice for those looking for the best checking account. It offers five personal checking options and three business checking options, along with a wide range of savings accounts and CDs. Most have low fees and competitive interest rates.
Pros
  • Few to no fees. Due to its low overhead, Axos Bank is able to offer fewer fees and higher interest rates than you’d find at most traditional banks.
  • Low opening deposits. Open an Axos personal account with as little as $0 and a business account with as little as $100.
  • ATM reimbursements. Axos doesn’t have an ATM network, but it offers unlimited refunds for any fees you incur while withdrawing cash.
Cons
  • No cash deposits. You can’t deposit cash into your Axos Bank account, but this is a common drawback with most online banks.
  • Withdraw limits. If your teen has an Axos Bank First Checking account, they won’t be able to withdraw more than $100 a day from ATMs.
  • Foreign currency conversion rate. If you travel abroad, be mindful of currency conversion fees that may eat into your spending money.

Alliant LogoRead Review

Alliant Credit Union: Best credit union

Unlike most credit unions that only serve a specific industry or region, Alliant Credit Union is available to any US citizen or resident nationwide. Its accounts boast attractive APYs, low fees and a smooth user experience when banking online.

Pros
  • Competitive interest rates. All of Alliant’s checking accounts, savings accounts and CDs earn APYs that rival some of the best rates in the nation.
  • Free ATM access. Alliant members get access to a network of over 80,000 free ATMs, plus $20 in monthly refunds for non-network machines.
  • Transparency. Alliant Credit Union clearly lists all fees for you to review when opening an account, so you know how to avoid unexpected charges.
Cons
  • Withdrawal limits. You can’t withdraw more than $500 from an ATM a day, which is typical for most banks. If you have a history of overdrafts or closed accounts, you may be limited to $200 a day.
  • Few branches. Alliant Credit Union doesn’t have any branch locations in Texas, so you’ll need to be comfortable getting help over the phone and online if you open an account.

Marcus LogoRead Review

Marcus by Goldman Sachs: Best for CD rates

Lock in some of the best CD rates in Texas with a Marcus by Goldman Sachs CD. You’ll get a competitive APY, plenty of term options to choose from and a low opening deposit of just $500 — compared to other banks that charge $1,000 or more.

Pros
  • High rates. Marcus CD terms range from six months to six years with APYs topping out at 0.6%.
  • 10-day CD rate guarantee. If CD rates increase within 10 days of funding your account, Marcus will automatically bump you up to the higher APY.
  • No-penalty CD option. Enjoy a competitive 0.45% APY and no penalties on withdrawals after seven days of opening. Plus, keep all the interest you earn.
Cons
  • No branches. Marcus doesn’t have any branch locations, but you can open any account online within minutes.
  • No partial withdrawals. Unlike some banks, Marcus doesn’t allow partial withdrawals on CDs. If you need your money early, you’ll have to close out your entire account.

First National Bank of Texas Logo

First National Bank of Texas: Best for small businesses

First National Bank of Texas offers a wide variety of checking and savings accounts for personal and business use. But what sets this bank apart from the rest is its small business perks.

Pros
  • Small business perks. Get access to a suite of financial tools to help you build and maintain your credit, develop a business plan and create financial statements.
  • Plenty of options. Businesses have five checking accounts and one money market account to choose from — each designed to meet the needs of various stages of growth.
  • Customer service. In addition to in-person support at a local branch, you have the option of calling for assistance or live chatting with a representative on the website.
Cons
  • Can’t open online. You’ll need to visit a local First National Bank of Texas branch to open a business checking or savings account.
  • Few branch locations. This bank has over 300 branches and 400 ATMs in Texas, New Mexico and Arizona, which isn’t a lot considering the size of Texas.

Frost Bank Logo

Frost Bank: Best for locals

Frost Bank is a local institution headquartered in San Antonio. It prides itself on superior customer service and has earned awards to back it up. It’s best for Texas locals who want a community-based bank to store their cash.

Pros
  • Large Texas presence. Frost Bank is a regional bank with a strong Texas presence. It boasts over 130 branch locations and 1,200 ATMs throughout the state.
  • Superior customer service. Frost Bank has earned rewards for its top-notch customer service. Several Reddit users love Frost because tellers know them by name and a human always answers the phone.
Cons
  • Average APYs. While Frost’s APYs are lower than what you’ll find at online banks, they’re slightly higher than those offered by Bank of America, Chase and Wells Fargo.
  • Monthly fees. Most of Frost Bank’s fees can be waived when you meet certain direct deposit or minimum balance requirements, but you’ll still want to watch out for them.

Compare checking accounts in Texas

Use this table to compare popular checking accounts available to Texans. You can sort the table by APY, minimum deposit to open and other features depending on what you’re looking for.

Источник: https://www.finder.com/best-banks-and-credit-unions-texas
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