Radius Bank is an online-focused community bank based in Boston, Massachusetts. Its small business offerings include business savings and checking accounts, lending, escrow services, cash management, and credit cards. We compiled Radius Bank reviews and found that it has an A+ Better Business Bureau rating and a mix of positive and negative reviews online.
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Radius Bank Business Checking Rates & Fees
|Monthly Fee||$10 per month if the balance requirement is not met|
|Minimum Balance Requirement||$5,000 average monthly balance at the end of each statement cycle|
|Minimum Deposit to Open||$100 minimum to open an account|
|Interest Rate||Earn 0.75% APY on balances of $5,000 or more|
|Transaction Fee||Unlimited transactions|
No per-transaction fee
|Wire Transfer Fee||Incoming (Domestic / International): $10.00|
Outgoing (Domestic): $18.00
Outgoing (International): $40.00
|Cash Deposit Fee||Information not available|
|Overdraft Fee||$25 per item|
$5 Daily Overdraft Fee (begins on the fifth calendar day and continues for 30 calendar days if the account remains in a negative balance)
|ATM Fee||Unlimited automatic ATM surcharge rebates for third party ATM fees|
Radius Bank Network
Radius Bank, headquartered in Boston, Massachusetts, operates one branch and an equipment finance office in Boston, as well as a Small Business Administration (SBA) lending office in Chicago, Illinois. It is also part of the SUM and MoneyPass networks, which provide its customers access to over 20,000 surcharge-free ATMs. You may view its branch locator to see its office address and business operating hours.
Radius Bank Additional Business Banking Services
Radius Bank also offers the following business services: savings and money market accounts, credit cards, commercial real estate and equipment financing, SBA funding, and yacht loans. It currently does not offer wealth management services. Find out more about their 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 Business Checking Account
Want to know which bank we name the best business checking account for small businesses? Read our business checking account buyer’s guide comparing the top 10 options.