Paragon Bank has three branches located in Raleigh, Charlotte and Cary in North Carolina. It offers its customers worldwide free ATM access. Its small business offerings include business checking, cash management, business lending, investing and business account management services. It has an A+ rating from the Better Business Bureau and generally positive reviews online.
Paragon Bank Business Checking Rates & Fees
|Monthly Fee||$16 per month if balance requirement is not met|
|Minimum Balance Requirement||Minimum daily balance of $2,500|
|Transaction Fee||Unlimited transactions|
|Wire Transfer Fee||Domestic/International wire: $12 each|
|Cash Deposit Fee||Information not available|
|Overdraft Fee||$40 per item|
$35 extended overdrawn account (fee applies when the account has been overdrawn for 5 consecutive business days and is assessed on the 5th business day)
|ATM Fee||No ATM fee|
Paragon Bank Network
Paragon Bank has three offices in North Carolina: Raleigh, Charlotte and Cary. It also allows its customers to use any ATMs worldwide at no cost and waive any charges imposed by other bank or financial institution ATM owner. You can use its branch locator to see which locations are closest to you.
Paragon Bank Additional Business Banking Services
Paragon Bank also offers the following business services: online and mobile banking, business money market accounts, lines of credit, term loans, commercial real estate financing and business credit cards. Currently, it doesn’t offer business savings, Small Business Administration loans and wealth management. Find out more about its small business offerings on its website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Line of Credit||✓|
|Business Credit Cards||✓|
|Commercial Real Estate Loans||✓|
Best Small Business Checking Account
Want to know what bank we named the best business checking account for small businesses? Read our business checking account buyer’s guide comparing the top 10 options.