In this guide, we chose the best banks for small businesses in Texas. They offer great business checking with other excellent business products and services. Some of these providers have physical locations in the spotlighted region, whereas others are online-only financial technology (fintech) companies offering accounts you can open from anywhere in the state.
Here are the best banks for small businesses in Texas, each spotlighting an economic region of the state, with links directly to the bank’s website:
- Featured bank in the Metroplex: Chase Member Federal Deposit Insurance Corp. (FDIC).
- Featured bank in Upper East: U.S. Bank Member FDIC.
- Featured bank in Gulf Coast: Bluevine Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Coastal Community Bank.
- Featured bank in Alamo: Bank of America Member FDIC.
- Featured bank in Central Texas: Novo Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Middlesex Federal Savings.
- Featured bank in South Texas: Found Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Piermont Bank.
- Featured bank in Capital: Mercury Provider is a fintech platform backed by and FDIC-insured through supporting bank partnerships with Choice Financial Group and Evolve Bank & Trust.
- Featured bank in Upper Rio Grande: First National Bank of Texas Member FDIC.
- Featured bank in West Texas: Truist Member FDIC.
- Featured bank in Southeast: PNC Bank Member FDIC.
- Featured bank in Northwest: Wells Fargo Member FDIC.
- Featured bank in High Plains: Prosperity Bank Member FDIC.
In each section, we also include a list of other business banks in that economic region, with a link to our review of the banks.
Economic Regions of Texas
Below is a map of Texas’ economic regions. Use the drop-down to choose your region to go directly to that section of this guide. If you are unsure of the region where your business is located, you can use our map by clicking the header below.
Best Banks for Small Business in Texas At a Glance
Account Name | Monthly Fee | Free Monthly Transaction Limit | Free Monthly Cash Deposit Limit | ||
|---|---|---|---|---|---|
 | Metroplex | Business Complete Banking | $15; waivable | 20 | $5,000 |
 | Upper East | Silver Business Checking | None | 125 | $2,500 |
 | Gulf Coast | Business Checking | None | No limit | $4.95 per deposit (Green Dot Locations) |
 | Alamo | Fundamentals Business Checking | $16; waivable | 200 | $7,500 |
 | Central Texas | Business Checking | None | No limit | None; cash deposited through money orders |
 | South Texas | Business Checking | None | No limit | Available at 79,000+ retail locations |
 | Capital | Business Checking | None | No limit | Cash deposits not accepted |
 | Upper Rio Grande | Business First Checking | $15; waivable | 50 | $5,000 |
 | West Texas | Simple Business Checking | None | 50 | $2,000 |
 | Southeast | Business Checking | $12; waivable | 150 | $5,000 |
 | Northwest | Initiate Business Checking | $10; waivable | 100 | $5,000 |
 | High Plains | Small Business Checking | $10; waivable | 200 | Undisclosed |
Metroplex Business Bank: Chase
What We Like
- $300 bonus when you open an account
- Easily-waived monthly fee on three checking options
- Built-in POS options
Drawbacks
- Only 20 free transactions at basic checking level
- ATM fees not reimbursed
- Low savings interest rates
Regions With Physical Locations
(Click map for Chase’s location finder)
- Manage debit, deposit, and ATM card settings for individual employees
- Deposit checks, view account balances, pay bills, and make transfers through the mobile app
- Integrates with QuickBooks and other leading accounting software
- Free debit card, mailed within 10 business days of application approval
- Physical checks’ costs, depending on type ordered
- Chase Merchant Services
- Live customer support online or in branch during business hours
- Other products include business savings, certificates of deposit (CDs), lending products, credit cards, merchant services, and collection services
 | |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | 20, then 40 cents per transaction |
Automated Clearing House (ACH) Fees | $25 for first 25 items per month, 15 cents per item above 25 per month, $2.50 return fee |
Monthly Fees | $15; waivable if conditions are met |
Required Balance Minimum to Waive Monthly Fee | $2,000 minimum daily balance, or one of four other ways |
Domestic Wire Transfer Fees | Up to $35 for outgoing wires, up to $15 for incoming wires |
International Wire Fees | Up to $50 for outgoing wires, up to $15 for incoming wires |
ATM Fees | $3 per transaction at any non-Chase ATM, plus ATM operator fees |
Cash Deposited | $2.50 per $1,000 after you deposit $5,000 in a billing cycle |
Annual Percentage Yield (APY) | N/A |
When To Choose Chase
With nearly 500 branch locations in the state of Texas alone, Chase is our choice for the best business bank in Texas. Chase has branch locations in all 12 of Texas’ economic regions.
Its entry-level account, Business Complete Banking, is an ideal option for businesses with lower amounts of monthly transactions or limited cash deposits. You get up to 20 free monthly transactions and up to $5,000 in free cash deposits.
For larger businesses, Chase offers two additional business checking products. Its highest-tier account, Platinum Business Checking, is the best premium business checking account on the market. You can compare those three accounts in our review of Chase Business Checking.
Chase has all the full-service business banking products and services your company would need, regardless of the size of your business. You can get business savings, lending products, credit cards, and lines of credit with Chase. It also provides commercial banking products through J.P. Morgan, such as commercial real estate loans, payment services, cash flow management, and merchant services.
Its app is solid, with decent ratings on Google Play (4.4) and App Store (4.8) out of more than 6 million combined reviews.
Other Business Banks in the Metroplex
 | |
Upper East Business Bank: U.S. Bank
What We Like
- No monthly fee
- Free mobile check deposits
- Apply in person, online, or by phone
Drawbacks
- Expensive wire fees
- Limited free transaction
- No physical locations in Texas
Statewide Availability
(U.S. Bank is Online Only in Texas and available statewide)
- Send and receive money through app
- Digital invoicing and payment systems integrated into your online dashboard
- Mobile app to monitor all of your accounts, transfer funds between accounts, and deposit checks online
- Easy integration with overdraft protection or credit card processing services for your business
- Free debit card and 50% discount on first check order up to $50
- Integrations with QuickBooks and U.S. Bank Payment Processing
- Customer service online, by phone, or in-branch during business hours
- Other products include lending and cash flow products, other checking options, and POS services
 | |
|---|---|
Required Opening Deposit | $100 |
Required Balance Minimum | None |
Transaction Limit Before Fees | 125 in a month, then 50 cents per transaction |
ACH Fees | None |
Monthly Fees | None |
Domestic Wire Transfer Fees | $40 for outgoing, $14 for incoming |
International Wire Fees | $75 for outgoing, $15 for incoming |
ATM Fees | No charge for out-of-network ATMs, although operator fees apply |
Cash Deposited | $2,500 in cash deposits or 25 free cash deposits per cycle, whichever comes first |
APY | N/A |
Note: U.S. Bank doesn’t have physical locations in Texas. However, users across the state can open an account online. If you would prefer a bank with a physical location in the Upper East, see our list of the other business banks in the Upper East at the end of this section.
When To Choose U.S. Bank
While U.S. Bank has no physical locations in Texas, it is the perfect option for businesses that want the stability of a traditional bank combined with the convenience of online-only banking. It’s our choice for the best small business checking account.
It is also one of the few traditional banks that offers a business checking option with no monthly fees. The company’s Silver Business Checking has no monthly fees, making it the top free business checking account on the market. As long as you stay below 125 business transactions or $2,500 in cash deposits monthly, this account is a great option.
U.S. Bank also offers two higher-tier accounts, Gold and Platinum Business Checking. Both come with waivable monthly fees and offer more free transactions and other perks.
In addition, you can earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account (promo code: Q3AFL23) and complete qualifying activities, subject to certain terms and limitations—offer valid through Jan. 8, 2024. See our article on the leading bank account promos and offers for details on how to qualify.
U.S. Bank has a highly-rated mobile app. It has earned 4.7 stars on Google Play and 4.8 stars on the App Store.
Other Business Banks in the Upper East
 | |
Gulf Coast Business Bank: Bluevine
What We Like
- Interest-earning checking on balances of $250,000 or less
- Integrates with QuickBooks
- Excellent line of credit product
Drawbacks
- No savings, money market, and CD accounts
- No physical branch locations
- Only one debit card is issued per account
Statewide Availability
(Bluevine is Online Only and available statewide)
- No monthly maintenance fee
- No minimum balance requirement
- Free debit card and two free checkbook orders per year
- Integrates with QuickBooks and Xero
- Connects with business payment solutions, including Stripe, PayPal, and Expensify
- Has live customer support from dedicated professionals
- Offers line of credit
 | |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | No limit |
ACH Fees | None |
Monthly Fees | None |
Teller Cash Withdrawal Fee | None |
Domestic Wire Transfer Fees | $15 for outgoing, incoming are free |
International Wire Transfer Fees | $15 for outgoing, incoming are free |
ATM Fees | Free at MoneyPass locations nationally; $2.50 plus operator fees for non-network ATM use |
Cash Deposited | $4.95 fee per transaction, available through GreenDot retail locations |
APY | 2% on balances of up to $250,000, once qualifications are met |
Bluevine is a business fintech platform backed by FDIC-insured Coastal Community Bank. | |
Note: Bluevine is an online-only bank available to customers across the state of Texas. If you want a bank with a physical location in the Gulf Coast Region, see our list of the other business banks in the Gulf Coast at the end of this section.
When To Choose Bluevine
For Texas-based businesses that don’t need access to a physical bank branch, Bluevine is an outstanding choice for an online-only bank. Its business checking has no monthly or transaction fees and no opening deposit or minimum balance requirements.
With Bluevine, you can earn 2.0% APY on balances of $250,000 or less by meeting one of the two criteria:
- Spend $500 or more a month with Bluevine Business Debit Mastercard issued by Coastal Community Bank.
- Receive $2,500 per month in customer payments into your account via ACH, wire transfer, mobile check deposit, or directly from a merchant payment processing provider.
Bluevine now partners with partner banks and a sweep network to provide up to $3 million in FDIC insurance. It also offers an excellent business line of credit product and international payment support. You can send payments to 32 countries in 15 currencies in as little as 24 hours.
One drawback with this provider is the lack of free cash deposit. Businesses that handle cash regularly may want to consider a traditional bank instead.
Bluevine has a good mobile app, rated 4.2 stars on Google Play and 4.6 stars on the App Store.
Other Business Banks in the Gulf Coast
 | |
Alamo Business Bank: Bank of America
What We Like
- Bonus of up to $500, plus ongoing rewards if qualifications are met
- Free digital tools to track business performance
- 200 free transactions per month with basic business checking
Drawbacks
- Cash deposit fees charged per $100 over monthly allowance
- Doesn’t offer ATM fee reimbursements
- Requires a $100 opening deposit
Regions With Physical Locations
(Click map for Bank of America’s location finder)
- Deposit checks, view accounts, make transfers, and pay bills via the mobile app
- Credit card processing and payroll services through ADP
- Cash Flow Monitor®, a cash management tool, lets you connect accounting, analytics, and payroll apps to help you make business decisions
- Allows you to check your business credit score through a partnership with Dun & Bradstreet
- Free debit card
- Integrations with QuickBooks, TurboTax, and Zelle
- Customer service during business hours in branch and via phone or social media messages
- Merchant services available through Expensify
- Other products include business savings, CDs, lending products, and financial analysis through Merrill Financial Advisor
 | |
|---|---|
Required Opening Deposit | $100 |
Required Balance Minimum | None |
Transaction Limit Before Fees | 200, then 45 cents per item |
Monthly Fees | $16; waivable if conditions are met |
Required Balance Minimum to Waive Monthly Fee | One of three ways to waive fee:
|
Domestic Wire Transfer Fees | Fee varies |
International Wire Transfer Fees | Fee varies |
ATM Fees | None at over 17,000 ATMs nationwide; $2.50 per transaction on out-of-network ATMs |
Cash Deposited | Up to $7,500 per month free, then 30 cents per $100, per statement cycle |
APY | N/A |
When To Choose Bank of America
With more than 300 branch locations across Texas, Bank of America is another excellent option for a business bank in Lone Star State. Even if you aren’t near a branch, you can open a business checking account through the Bank of America website.
The bank offers two great checking options. The entry-level account, Fundamentals Business Checking, allows you up to 200 transactions and $7,500 in cash deposits for free each month. It has a $16 monthly fee, which can be waived.
The higher-tier Business Advantage Relationship Banking account raises those limits to 500 transactions and $20,000 in cash deposits. It has a $29.95 monthly fee, which can also be waived.
Bank of America also offers ongoing rewards, including $500 in combined cashback rewards and statement credits with its business checking and credit card products. The bank also offers preferred rewards for business, including 25% to 75% bonus rewards on credit cards and 5% to 20% higher interest rate on Business Advantage savings accounts.
Bank of America’s app is highly rated, with 4.6 stars on Google Play and 4.8 stars on the App Store.
Other Business Banks in Alamo
 | |
Central Texas Business Bank: Novo
What We Like
- Zero maintenance fees
- Refunds all ATM fees
- Novo Boost and Express ACH allow faster access to your funds
Drawbacks
- Unable to deposit cash directly
- Lack of savings accounts
- Noninterest drawing account
Statewide Availability
(Novo is Online Only and available statewide)
- Integrates with other business tools, such as QuickBooks, Slack, Xero, Stripe, Square, PayPal, Wise, and Shopify
- Set aside funds for taxes and other large business expenses with Novo Reserves
- Deposit checks and send paper checks directly through the mobile app
- Online banking includes unlimited invoicing and bill pay
- Novo Boost, in coordination with Stripe, allows you to access funds faster
- Express ACH lets you accept or receive same-day ACH payments
- Virtual debit card available immediately, one free physical debit card per user
- Working capital funding product available to banking customers who qualify
 | |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | No limit |
ACH Fees | None |
Monthly Fees | None |
Domestic Wire Transfer Fees | None to receive; cannot send wires domestically but can send fee-free ACH transfers |
International Wire Transfer Fees | Novo partners with Wise to send international wires for a “low” fee |
ATM Fees | Up to $7 in fees refunded at the end of the month |
Cash Deposited | None; money orders can be purchased and deposited through the app |
APY | N/A |
Novo is a business fintech platform backed by FDIC-insured Middlesex Federal Savings. | |
Note: Novo is an online-only bank available to customers across the state of Texas. If you want a bank with a physical location in Central Texas, see our list of the other business banks in Central Texas at the end of this section.
When To Choose Novo
For Texas ecommerce businesses looking to send and receive funds faster online, Novo is a great option.
Thanks to its Novo Boost and Express ACH products, your business can get faster access to funds and same-day ACH payments.
Novo Boost lets you receive payments sent from your Stripe account faster than other providers. Users can connect Stripe, Square, or PayPal and get paid via card, Apple Pay, Google Pay, PayPal, or Venmo. Meanwhile, Novo’s Express ACH allows you to accept or send same-day ACH payments. The combination of Boost and Express ACH allows your business to send and receive payments faster than with most other banks.
For businesses that handle cash regularly, Novo refunds all ATM fees at the end of each month with no limit. Its checking product has no monthly fees, transaction limits, or minimum deposit requirements.
Novo’s mobile app is very highly rated. The app has earned a 4.6-star rating on Google Play and a 4.8-star rating on the App Store.
Other Business Banks in Central Texas
 | |
South Texas Business Bank: Found
What We Like
- No monthly fees, minimum balances, account maintenance fees, and sign-up fees
- Excellent expense tracking on both its desktop and mobile apps
- Helps you track tax write-offs and gives you real-time tax estimates
Drawbacks
- No free cash deposits
- Interest earning only through paid-tier Found Plus
- Cannot purchase checks or issue them from the app
Statewide Availability
(Found is Online Only and available statewide)
- Provides a business debit Mastercard, which allows you to track expenses and receive purchase alerts
- Debit cards can be frozen in the Found app
- Desktop and mobile apps
- Connect to accounting software and payment apps, such as Cash App, PayPal, Square, Venmo, and eBay
- Integrated bookkeeping allows you to categorize expenses, customize invoices, capture receipts, and set custom rules
- Track tax write-offs in the app
- View your tax estimate update in real-time
- Pay your taxes directly from the app
- Send your Schedule C directly from the app
- Customer service via email, online form, and support guides on the website
| |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | None |
ACH Fees | None |
Monthly Fees | None |
Domestic Wire Transfer Fees | Free incoming wires; outgoing wires only sent to Found customers |
International Wire Fees | Unavailable |
ATM Fees | Found doesn’t charge for ATM usage; third-party ATM fees will likely apply |
Cash Deposited | Accepted at more than 79,000 retail locations; list available in the Found app |
APY | N/A |
*Found is a business fintech platform backed by FDIC-insured Piermont Bank. | |
Note: Found is an online-only bank available to customers across Texas. If you want a bank with a physical location in South Texas, see our list of the other business banks in South Texas at the end of this section.
When To Choose Found
Another online-only fintech company that provides banking services through a backer bank is Found. It is best for freelancers and self-employed business owners thanks to its all-in-one bookkeeping product integrated into its app.
Bookkeeping features include categorizing expenses, capturing receipts, and setting custom rules with its app. In addition, you get unlimited free invoicing. Found allows you to customize those invoices with your company’s logo and colors. Payments for those invoices can be accepted through various payment apps, including Cash App, PayPal, Square, Venmo, and eBay.
Novo doesn’t charge for any ATM withdrawals, and cash deposits can be made at more than 79,000 retail locations listed in the Found App, likely for a fee. Once your account is approved, you can deposit checks through the app.
Some of Found’s features are only included in Found Plus, which is $19.99 per month or $149.99 a year. You get interest-bearing checking with Found Plus, earning 1.5% APY on balances up to $20,000.
Found also has an excellent mobile app, with a rating of 4.7 on Google Play and 4.8 on the App Store.
Other Business Banks in South Texas
 | |
Capital Business Bank: Mercury
What We Like
- No minimum deposit to open an account
- Physical and virtual debit cards
- Treasury product offers outstanding yield on balances over $250,000
Drawbacks
- Accounts unavailable to sole proprietorships and trusts
- Lacks paper check-writing abilities
- Limited lending options and no cash deposits
Statewide Availability
(Mercury is Online Only and available statewide)
- Earn interest with Mercury Treasury product if you have more than $500,000 in Mercury accounts and request Treasury
- Set customer user permissions for your team members
- Create auto-transfer rules for your accounts
- Integrate accounts with QuickBooks and Xero accounting software
- Virtual debit cards available right away, with physical debit cards arriving in the mail in a few days
- Physical checks unavailable
- Business payment integrations with Shopify, Stripe, Zapier, Amazon, and PayPal
- Email customer service available
- Savings account provided when you open checking account
- Other products include Mercury Treasury, capital, venture debt, and credit card
 | |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | No limit |
Monthly Fees | None |
Domestic Wire Transfer Fees | None |
International Wire Transfer Fees | None as long as it is sent through Mercury’s structure |
ATM Fees | No charge for out-of-network ATMs, although operator fees apply; free access to Allpoint ATM network (55,000 locations worldwide) |
Cash Deposited | Cash deposits not accepted |
APY | N/A |
Mercury is a business fintech platform backed by FDIC-insured Choice Financial Group and Evolve Bank & Trust. | |
Note: Mercury is an online-only bank available to customers across the state of Texas. If you want a bank with a physical location in the Capital Region, see our list of the other business banks in the Capital Region at the end of this section.
When To Choose Mercury
The financial region of Texas with the largest number of tech companies is the Capital Region. That makes fintech Mercury the perfect choice for an online-only bank. If you open an account, you can get a $300 cashback bonus if you spend $2,000 on your debit or credit card within the first 90 days of account opening.
Mercury has free checking and savings accounts without minimum deposit or balance requirements. Most businesses incorporated in the US are eligible for an account, except sole proprietorships and trusts.
If your business has at least $500,000 in reserve funds, Mercury’s Treasury product can help you earn an excellent return on those funds. Mercury’s Treasury account can earn up to 5.42% APY, with rates changing weekly.
Like Bluevine, Mercury also offers extended FDIC Insurance with its Vault product. Mercury uses partner banks and a sweep network to insure business funds of up to $5 million.
Mercury’s iOS app is very highly rated, while the Android version is not as highly rated. The app has a rating of 4.9 on the App Store and a 3.7 on Google Play.
Other Business Banks in Capital
 | |
Upper Rio Grande Business Bank: First National Bank of Texas
What We Like
- No account opening deposit and required minimum balance
- Waivable monthly fee for Business First Checking
- No monthly fees and transaction limit for nonprofits
Drawbacks
- Low free transaction limit
- Low annual percentage yield (APY) for interest-earning commercial accounts
- No online account opening option for business checking accounts
Regions With Physical Locations
(Click map for First National Bank Texas location finder)
- Free business debit card
- Digital banking for small and commercial businesses
- Multiple business checking account options, including interest-earning products
- Business credit cards, commercial money market accounts, SBA loans, commercial loans, and business insurance
| |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | 50 per month |
Monthly Fees | $15, waivable |
Domestic Wire Transfer Fees | Incoming: $10 Outgoing: $25 |
International Wire Transfer Fees | Offered at select locations; contact the bank for details |
ATM Fees | None at Gold Key ATMs®, $2.50 for non-Gold Key® ATMs, and $3 for international |
Cash Deposited | Up to $5,000 per month free |
APY | N/A |
When To Choose First National Bank of Texas
In operation for more than 120 years, the First National Bank of Texas is a great option for companies looking for a traditional regional bank. It has the fifth-most branch locations in the state at nearly 300. It also has locations in all 12 economic regions in the state. This is great as you will need to visit a branch to open a business account.
The entry-level checking option, Business First Checking, has a $15 monthly fee, which is waivable with at least a $250 minimum daily balance or 10 card purchases in a statement cycle.
You get up to 50 transactions and $5,000 in cash deposits for free each month. The bank also offers three higher-tier accounts and a nonprofit account if those are a better fit for your business. See our review linked above for details on those accounts.
The bank’s mobile app is very good. It has 4.7 stars out of 5 on both Google Play and App Store out of more than 100,000 combined ratings.
Other Business Banks in Upper Rio Grande
West Texas Business Bank: Truist
What We Like
- No monthly fees for Simple Business Checking
- Waivable fees for Dynamic Business Checking (free for the first 65 days)
- Online account opening
Drawbacks
- No annual percentage yield (APY)
- Low free transaction limit for Simple Business Checking
- Branches in only 15 states and Washington, D.C.
Regions With Physical Locations
(Click map for Truist’s location finder)
- Free personalized debit card
- Different reward levels (Core, Plus, and Preferred) offering discounted bank services under Dynamic Business Checking account
- Online and mobile banking
- Financial Wellness program for employees
- First four incoming domestic wires under Dynamic Business Checking are free
- $25 or $50 discount on first check order
- Specialty business checking accounts
| |
|---|---|
Required Opening Deposit | $100 |
Required Balance Minimum | None |
Transaction Limit Before Fees | 50 total combined transactions, then 50 cents per transaction |
Monthly Fees | None |
Domestic Wire Transfer Fees | Incoming: $12 to $65 Outgoing: $12 to $65 |
International Wire Transfer Fees | Incoming: $20 to $75 Outgoing: $36 to $75 |
ATM Fees | None at Truist ATMs, $3 at domestic non-Truist ATMs & $5 for international |
Cash Deposited | Up to $2,000 per month free, then $0.003 per $1 per statement cycle (30 cents per $100) |
APY | N/A |
When To Choose Truist
Truist is another excellent choice for companies looking for a traditional bank with free business checking. Its entry-level account, Simple Business Checking, has no monthly fees. However, the free transaction and cash deposit thresholds are low with this account. You only get 50 total combined transactions and $2,000 in cash deposits for free each month.
Truist does offer a higher-tier account, Dynamic Business Checking, that allows you 500 transactions and $25,000 in cash deposits for free each month. This account is free for the first 65 days then has a $20 fee, which is waivable if certain conditions are met.
For nonprofit businesses, Truist offers the best nonprofit business checking account on the market. It has no limit on cash deposits and no monthly fees.
Overall, Truist is a great full-service traditional bank with savings, money market, business CDs, credit cards, and lending and insurance product offerings. Also, it has a very solid mobile app, which is rated 4.4 stars on Google Play and 4.7 stars on the App Store out of almost 800,000 reviews.
Other Business Banks in West Texas
 | |
Southeast Business Bank: PNC Bank
What We Like
- Waivable $12 monthly fee; no monthly fee for the first three months from account opening
- Up to 150 free transactions for Business Checking; 500 for Business Checking Plus
- $200 welcome bonus for Business Checking and Business Checking Plus; $500 for Treasury Enterprise Plan
Drawbacks
- No free checking account
- Hefty wire fees
- Banking is limited to 28 states and D.C.
Regions With Physical Locations
(Click map for PNC Bank’s location finder)
- Free Visa debit card with cash back rewards
- Deposit checks, pay bills, and view balances through the mobile app
- Online and mobile banking
- No setup fee for overdraft protection
- Integrates with QuickBooks, Xero, Intacct, and NetSuite
- Features PNC Merchant Services®, including ecommerce and in-person solutions
- Cash Flow Insight® tools help manage cash flow
| |
|---|---|
Required Opening Deposit | $100 |
Required Balance Minimum | None |
Transaction Limit Before Fees | 150 per month, then 50 cents per transaction |
Monthly Fees | $12, waivable |
Domestic Wire Transfer Fees | Incoming: $15 Outgoing: $95 |
International Wire Transfer Fees | Incoming: $20 Outgoing: $135 |
ATM Fees | $3 per transaction at any non-PNC Bank ATM |
Cash Deposited | Up to $5,000 per month free, then 30 cents per $100, per statement cycle |
APY | N/A |
When To Choose PNC Bank
Another traditional bank with locations across the state of Texas is PNC Bank. It has the fourth most branches in the state and is a great choice for larger businesses with high transaction or cash deposit volumes. The widespread branch access is important, as you must visit a branch location to open a business account.
Its entry-level account, Business Checking, has a $12 monthly fee that can be waived with a $500 average monthly collected balance or by meeting specific business credit card or merchant service linking and usage requirements. The account gives you 150 transactions and $5,000 in cash deposits for free each month.
PNC Bank also offers two higher-tier accounts for businesses that exceed those thresholds. The mid-tier Business Checking Plus offers 500 free transactions and $10,000 in free cash deposits monthly, whereas the high-tier Treasury Enterprise Plan offers 2,500 free transactions and $50,000 in free deposits. The requirements for waiving monthly fees increase with each account.
The bank’s app has a solid rating, earning 4.4 on Google Play and 4.8 on the App Store out of a combined 1.5 million ratings.
Other Business Banks in Southeast
 | |
Northwest Business Bank: Wells Fargo
What We Like
- Waivable monthly fees
- Strong branch presence with more than 4,500 bank locations
- Access to more than 12,000 ATMs
Drawbacks
- Requires a minimum opening deposit of $25
- Only 100 free transactions for basic Initiate account
- Charges monthly fees
Regions With Physical Locations
(Click map for Wells Fargo’s location finder)
- Free debit card
- Customized cards and checks
- Deposit checks, pay bills, and view balances through the mobile app
- Online and mobile banking
- Earn interest with a Navigate Business Checking
- Fraud protection controls
- Features merchant services, including POS solutions
 | |
|---|---|
Required Opening Deposit | $25 |
Required Balance Minimum | None |
Required Balance Minimum to Waive Monthly Fee | $500 minimum daily balance or $1,000 average ledger balance |
Transaction Limit Before Fees | 100 monthly, then 50 cents per transaction |
ACH Fees | None |
Monthly Fee | $10; waivable |
Domestic Wire Transfer Fees | $30 for outgoing; $15 for incoming |
International Wire Transfer Fees | $45 for outgoing; $16 for incoming |
ATM Fees | Free at 12,000-plus ATMs nationwide; $2.50 per out-of-network transaction |
Cash Deposited | Up to $5,000 free per month, then 30 cents per $100, per statement cycle |
APY | N/A |
When To Choose Wells Fargo
With the most branch locations in Texas, Wells Fargo is a great option. There are over 500 branch locations across all 12 of Texas’ economic regions.
Its entry-level account has a very waivable monthly fee. The $10 fee charged for Initiate Business Checking customers can be waived if you have at least a $500 minimum daily balance or average ledger balance of at least $1,000.
Businesses that need more free transactions or larger cash deposits can get higher thresholds in the Navigate Business Checking or Optimize Business Checking products. One drawback is the $75 monthly fee for Optimize Business Checking is not waivable. Both of these higher-tier accounts allow you up to 250 free transactions.
Wells Fargo offers a wide range of business products and services, including savings, CDs, lending, credit cards, and merchant services. It also offers 24/7 fraud monitoring and zero-liability debit card protection.
Wells Fargo’s app is well-rated on Android and iOS devices, receiving 4.8 stars in each app store based on almost 10 million reviews.
Other Business Banks in Northwest
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High Plains Business Bank: Prosperity Bank
What We Like
- 200 fee-free transaction limit for Small Business Checking and Small Business Checking with Interest accounts
- Low monthly fees
- Four business checking accounts
Drawbacks
- High balances required for monthly fee waivers
- $200 or $500 opening deposit requirement for non-Analysis checking accounts
- Locations limited to Texas and Oklahoma
Regions With Physical Locations
(Click map for Prosperity Bank’s location finder)
- Free debit card
- Online and mobile banking
- Fastline telephone banking
- Business savings, money market accounts, and CDs available
- Offers Small Business Administration (SBA) loans and commercial lending products
- Financing and investment options for medical professionals
| |
|---|---|
Required Opening Deposit | $200 |
Required Balance Minimum | None |
Transaction Limit Before Fees | 200 per month, then 40 cents per transaction |
Monthly Fees | $10, waivable |
Domestic Wire Transfer Fees | Incoming: $7.50 Outgoing: $20 |
International Wire Transfer Fees | Incoming: $7.50 Outgoing: $20 to $40 |
ATM Fees | None at Prosperity Bank ATMs, $3 at non-Prosperity Bank ATMs |
Cash Deposited | Undisclosed |
APY | N/A |
When To Choose Prosperity Bank
Prosperity Bank is another great option for a business bank in Texas. It has branch locations in all but one region of the state (Upper Rio Grande) and has the sixth most branch locations of any bank in the state.
One major perk of its entry-level checking, Small Business Checking, is a large number of free transactions each month. It offers up to 200 free transactions each month, with additional ones costing 40 cents each. The account comes with a $10 monthly fee. While it is a low fee, it is harder to waive than with other banks. You must maintain a $3,500 account balance or a $25,000 deposit relationship balance to waive the fee.
The bank does not disclose its cash deposit fees on its website, so check with a local branch if your business handles cash regularly.
If you run a medical business, Prosperity Bank is a great choice. It offers medical practice loans and lines of credit, medical investment loans, and medical office building loans.
Prosperity Bank has an excellent mobile app. It is rated 4.7 on Google Play and 4.8 on the App Store out of almost 70,000 reviews.
Other Business Banks in High Plains
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How We Evaluated the Best Small Business Banks in Texas
We considered over 50 Texas-based banks when compiling this guide. When we evaluated the best banks for small business in Texas and the alternatives, we considered
- Banks with physical locations in Texas
- Monthly fees, if any, and how easily they are waived
- Required opening deposit and balance minimums
- Transaction limits before fees
- ACH and wire transfer fees
- ATM fees and availability
- Cash deposit fees and availability
- Interest yield, if applicable
- Other checking account perks
- Software integrations
- Other business services provided
- Lending products provided
- Customer service
- Customer reviews
Bottom Line
All the best small business banks in Texas featured in this buyer’s guide can help your business grow and prosper. In addition, we have listed reviews for dozens more Texas banks if you want to compare offerings. Not every provider listed has physical locations. Even if there is a location in your region, due to the vast size of Texas, it may not be the closest location to your company. Determine what you need from your business bank, and then choose the provider that best meets those needs.
Notes:
- Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard® debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc. Found’s core features are free. Found also offers a paid product, Found Plus.
