Silvergate Bank has six branches in California located in La Mesa, La Jolla and San Marcos. It also offers its customers access to more than 25,000 ATMs through its MoneyPass network. Its small business offerings include business savings and checking, cash management and different types of business loans. They have an A+ Better Business Bureau rating and generally positive reviews online.
Silvergate Bank Business Checking Rates & Fees
|Monthly Fee||$10 per month if balance requirement not met|
|Minimum Balance Requirement||$1,500 minimum average daily balance or $15,000 of combined balances|
|Transaction Fee||400 free monthly transactions; 20 cents for each item thereafter|
|Wire Transfer Fee||Incoming: Free|
Outgoing (domestic): $10
Outgoing (international): $30
|Cash Deposit Fee||Information not available|
|Overdraft Fee||$20 per item; maximum of $120 per day|
|ATM Fee||Out-of-network ATM fee: $2 per transaction|
Silvergate Bank Network
Silvergate Bank has six branches in California and thousands of ATM locations nationwide through the MoneyPass network. You can use its branch locator to see what locations are closest to you.
Silvergate Bank Additional Business Banking Services
Silvergate Bank also offers the following business services: business savings and money market accounts, business lines of credit and Small Business Administration, business and commercial real estate loans. Although it offers personal credit cards, it doesn’t offer business credit cards or wealth management services. Find out more about its small business offerings on its website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Line of Credit||✓|
|Commercial Real Estate Loans||✓|
|Business Credit Cards||x|
Best Business Checking Account for Small Businesses
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