Best Banks for Small Businesses in Texas of June 2026

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.

Note: The star ratings on this list are specific to the bank's entry-level business checking account, not the overall institution. The exception is Live Oak Bank, which we've highlighted for its standout business savings account.

Bank/institution Bank/institution	Best for Best for	NerdWallet rating NerdWallet rating	Monthly fee Monthly fee	APY APY	Bonus Bonus	Learn more Learn more
Bluevine Business Checking	2026 BEST Online Business Checking Account	5.0 /5	$0	1.30% With $0 min. balance for APY	$500 Requirements to qualify	Learn more at Bluevine, Deposits are FDIC Insured
Pros No required monthly fee, minimum opening deposit, excess transaction or overdraft fees. Earn 1.30% interest on account balances up to and including $250,000. Terms apply. Access up to $3 million in FDIC insurance with Insured Cash Sweep. No fees at MoneyPass ATMs. Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance. Cons No fee-free cash deposits. Fee for using out-of-network ATMs. Does not offer jointly-owned accounts.

nbkc Business Account	No-fee business checking	4.8 /5	$0	N/A	N/A	Learn more at nbkc bank, Member FDIC
Pros No monthly fee, minimum opening deposit, excess transaction or overdraft fees. Up to $12 in monthly refunds for ATM fees charged by other banks worldwide. Unlimited cash deposits via MoneyPass and Allpoint ATMs. Accept contactless payments via the NBKC app (iOS only). Fees apply. Unlimited debit cards. Cons Must pay a fee to use built-in software features via Autobooks.

Chase Business Complete Banking®	2026 BEST Brick-and-mortar Business Checking Account	4.5 /5	$15.00 Waived with $2,000 minimum balance	N/A	Earn up to $500 Requirements to qualify	Learn more at Chase, Member FDIC
Pros No minimum opening deposit. Unlimited fee-free electronic and debit card transactions. Integrated credit card processing. No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount. No fees at thousands of Chase ATMs and access to around 5,000 branches. Receive and send payments via Zelle. Cons $15 monthly fee. Monthly limit on physical transactions (20). Fee for using out-of-network ATMs.

Bank of America® Business Advantage Fundamentals™ Banking	Full-service business banking	4.5 /5	$16.00 $0 for the first 12 statement cycles.	N/A	$400 or $750 Requirements to qualify	Learn more at Bank of America, N.A., Member FDIC
Pros No monthly fee for the first 12 statement cycles. Welcome offer for new accountholders. Loyalty perks via Preferred Rewards for Business program. Relatively low overdraft fees ($10 per item, limited to two per day) Bill pay includes invoicing for new users. Cons $100 minimum opening deposit. Fee for using out-of-network ATMs. $16 monthly fee after introductory period ends.

American Express® Business Checking	Online banking + business credit cards	4.8 /5	$0	1.30% With $0.10 min. balance for APY	30,000 Points Requirements to qualify	Learn more at American Express National Bank, Member FDIC
Pros No monthly fee, minimum opening deposit or excess transaction fee. 24/7 customer support. No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S. Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases. Cons Can’t deposit cash. No outgoing international wire transfers. Does not offer jointly owned accounts.

Live Oak Bank Business Savings	High-yield business savings + SBA loans	4.5 /5	$0	2.85% With $0.01 min. balance for APY	N/A	Learn more at Live Oak Bank, Member FDIC
Pros High APY. Earn interest on balances of $0.01 and higher. No monthly maintenance fee or minimum deposit. Cons No ATM or debit card access for Business Savings account. No weekend customer support.

Wells Fargo Initiate Business Checking℠ Account	Branch access + business loans	4.1 /5	$15.00 Waived with $2,000 minimum balance	N/A	$400 Requirements to qualify	Read review
Pros Welcome bonus for new customers (terms apply). Free incoming wire transfers. Receive and send payments via Zelle. No fees at ~11,000 Wells Fargo ATMs and access to around 4,200 branches. Cons $15 monthly service fee (increased March 2026). $25 minimum opening deposit. Limit of 100 fee-free transactions per month. Fee for using out-of-network ATMs.

Business Premium Savings Account	Insured Cash Sweep accounts	5.0 /5	$0	3.60% With $0.01 min. balance for APY	$600 Requirements to qualify	Learn more at Axos Bank®, Member FDIC
Pros Industry-leading APY. No minimum balance to earn interest. Access to Insured Cash Sweep network for expanded FDIC insurance. Cons Fee for excess transactions. No ATM or debit card access.

Nerdwallet best-of awards

2026 BEST Online Business Checking Account

Bluevine Business Checking

Best for Non-bank option for small businesses

5.0

Read expert review

APY

1.30%

With $0 min. balance for APY

Monthly fee

Bonus

$500

Requirements to qualify

Learn more

at Bluevine, Deposits are FDIC Insured

Pros

No required monthly fee, minimum opening deposit, excess transaction or overdraft fees.
Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
Access up to $3 million in FDIC insurance with Insured Cash Sweep.
No fees at MoneyPass ATMs.
Bill pay tools and invoicing with built-in payment links, plus tap-to-pay card acceptance.

Cons

No fee-free cash deposits.
Fee for using out-of-network ATMs.
Does not offer jointly-owned accounts.

nbkc Business Account

Best for No-fee business checking

4.8

Read expert review

APY

N/A

Monthly fee

Bonus

N/A

Learn more

at nbkc bank, Member FDIC

Pros

No monthly fee, minimum opening deposit, excess transaction or overdraft fees.
Up to $12 in monthly refunds for ATM fees charged by other banks worldwide.
Unlimited cash deposits via MoneyPass and Allpoint ATMs.
Accept contactless payments via the NBKC app (iOS only). Fees apply.
Unlimited debit cards.

Cons

Must pay a fee to use built-in software features via Autobooks.

Nerdwallet best-of awards

2026 BEST Brick-and-mortar Business Checking Account

Chase Business Complete Banking®

Best for Branch access + payment acceptance

4.5

Read expert review

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

Earn up to $500

Requirements to qualify

Learn more

at Chase, Member FDIC

Pros

No minimum opening deposit.
Unlimited fee-free electronic and debit card transactions.
Integrated credit card processing.
No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
No fees at thousands of Chase ATMs and access to around 5,000 branches.
Receive and send payments via Zelle.

Cons

$15 monthly fee.
Monthly limit on physical transactions (20).
Fee for using out-of-network ATMs.

Bank of America® Business Advantage Fundamentals™ Banking

Best for Full-service business banking

Bank of America® Business Advantage Fundamentals™ Banking

4.5

Read expert review

APY

N/A

Monthly fee

$16.00

$0 for the first 12 statement cycles.

Bonus

$400 or $750

Requirements to qualify

Learn more

at Bank of America, N.A., Member FDIC

Pros

No monthly fee for the first 12 statement cycles.
Welcome offer for new accountholders.
Loyalty perks via Preferred Rewards for Business program.
Relatively low overdraft fees ($10 per item, limited to two per day)
Bill pay includes invoicing for new users.

Cons

$100 minimum opening deposit.
Fee for using out-of-network ATMs.
$16 monthly fee after introductory period ends.

American Express® Business Checking

Best for Online banking + business credit cards

4.8

Read expert review

APY

1.30%

With $0.10 min. balance for APY

Monthly fee

Bonus

30,000 Points

Requirements to qualify

Learn more

at American Express National Bank, Member FDIC

Pros

No monthly fee, minimum opening deposit or excess transaction fee.
24/7 customer support.
No fees on withdrawals at more than 70,000 MoneyPass and Allpoint ATMs in the U.S.
Earn 1 Membership Rewards® point for every $2 spent on eligible business debit card purchases.

Cons

Can’t deposit cash.
No outgoing international wire transfers.
Does not offer jointly owned accounts.

Live Oak Bank Business Savings

Best for High-yield business savings + SBA loans

4.5

Read expert review

APY

2.85%

With $0.01 min. balance for APY

Monthly fee

Bonus

N/A

Learn more

at Live Oak Bank, Member FDIC

Pros

High APY.
Earn interest on balances of $0.01 and higher.
No monthly maintenance fee or minimum deposit.

Cons

No ATM or debit card access for Business Savings account.
No weekend customer support.

Wells Fargo Initiate Business Checking℠ Account

Best for Branch access + business loans

Wells Fargo Initiate Business Checking℠ Account

4.1

Read expert review

APY

N/A

Monthly fee

$15.00

Waived with $2,000 minimum balance

Bonus

$400

Requirements to qualify

Read Review

Pros

Welcome bonus for new customers (terms apply).
Free incoming wire transfers.
Receive and send payments via Zelle.
No fees at ~11,000 Wells Fargo ATMs and access to around 4,200 branches.

Cons

$15 monthly service fee (increased March 2026).
$25 minimum opening deposit.
Limit of 100 fee-free transactions per month.
Fee for using out-of-network ATMs.

Business Premium Savings Account

Best for Insured Cash Sweep accounts

5.0

Read expert review

APY

3.60%

With $0.01 min. balance for APY

Monthly fee

Bonus

$600

Requirements to qualify

Learn more

at Axos Bank®, Member FDIC

Pros

Industry-leading APY.
No minimum balance to earn interest.
Access to Insured Cash Sweep network for expanded FDIC insurance.

Cons

Fee for excess transactions.
No ATM or debit card access.

Best banks for business accounts in Texas

American Express

Best for: Online banking + business credit cards

American Express business banking customers enjoy 24/7 access to live customer support and earn up to 1.30% APY with the bank’s free business checking account.

Online business checking account with no monthly fees. Earn 1.30% APY on balances up to $500,000.
No limit on transactions and no charges for incoming wire transfers or stop payments.
24/7 customer support online, by phone or via the app.
Cannot deposit cash.

Additional services

Top-rated business credit cards, including branded hotel and airline business cards for Hilton, Marriott, Delta and Amazon.

» Read our full American Express business checking review

Axos

Best for: Insured Cash Sweep accounts

Axos offers a competitive 3.6% APY on its business savings account. Customers with high balances can access expanded FDIC insurance for up to $250 million in deposits through Insured Cash Sweep accounts. The bank’s free business checking account includes unlimited ATM fee refunds (including third-party fees) and cash deposits at compatible ATMs.

Two business checking accounts: one free and one interest-earning account.
Business Interest Checking is $10 per month unless you maintain an average daily balance of $5,000. The account earns up to 1.01% APY.
Basic Business Checking has no monthly fee or minimum opening deposit requirement and includes unlimited fee-free transactions.
Both accounts allow cash deposits via compatible AllPoint and MoneyPass ATMs.

Additional services:

Business savings, money market and certificates of deposit.
Business Premium Savings Account earns 3.60% APY on all balances.
Merchant services, including point-of-sale systems, e-commerce solutions and check acceptance through Cerelo Merchant Services.
Small-business loans, including SBA 7(a) loans, real estate and equipment financing, and working capital loans.

» Read our full Axos business checking review

Bank of America

Best for: Full-service business banking

Bank of America has a strong presence in the Lone Star state with more than 300 branch locations and scores of fee-free Bank of America ATM locations. Bank of America Preferred Rewards for Business members may qualify for perks — like higher rewards rates on credit cards and discounted rates on lines of credit and loans — in exchange for deepening their relationship with the bank.

Two account options with respective fees of $16 and $29.95 per month, though both can be avoided if you meet average monthly balance requirements. Both require a minimum opening deposit of $100.
Bank of America Business Advantage Fundamentals Banking includes unlimited electronic transactions, up to 20 non-electronic transactions (checks paid, other debits, deposited items) and up to $5,000 in cash deposits per statement cycle.
Opportunity to earn a welcome bonus. Terms apply.

Additional services:

Suite of business credit cards including a secured business card for business owners with poor or limited personal credit history.
Multiple business savings accounts, including a high-yield business CD.
Bank of America business loans include secured and unsecured loans and lines of credit, SBA loans and franchise financing.

» Read our full Bank of America business checking review

Bluevine

Best for: Non-bank option for small businesses

Bluevine technically isn’t a bank. But the financial services company offers a free online business checking account, which is backed by Coastal Community Bank and insured by the FDIC for up to $3 million via the IntraFi sweep network. Bluevine also offers business lines of credit.

Bluevine Standard: No monthly fee, minimum deposit, overdraft fees or transaction limits. Earn 1.30% interest on account balances up to and including $250,000. Terms apply.
Bluevine Premier: Earn 3% APY on balances up to $3 million (terms apply). Monthly fee of $95 is waived if you meet daily balance and spending requirements. Premier customers receive discounted wire and same-day ACH transfers.
One-time and recurring bill payments via ACH, wire transfer or check.
No ATM fees at more than 37,000 MoneyPass ATMs.
Cash deposits available via Green Dot and compatible Allpoint+ ATMs. Fees and limits apply.

Additional services:

Business lines of credit up to $250,000.
Cash-back business credit card available for eligible Bluevine business checking customers (by invitation only).

» Read our full Bluevine business checking review

Chase

Best for: Branch access + 24/7 customer support

Chase doesn’t offer a free business checking account, but perks like unlimited electronic transactions and integrated payment processing via the Chase mobile app make up for the monthly fee. There are nearly 500 Chase branches in Texas and roughly 5,000 nationwide.

Chase Business Complete Checking℠ is $15 per month, but there are multiple ways to avoid the fee.
Unlimited electronic deposits. In-person and paper transactions are limited to 20 per month for Chase Business Complete and 250 per month for Chase Performance Business Checking®.
Payment processing through the Chase mobile app with QuickAccept℠, no additional point-of-sale equipment needed.
Live customer service available by phone 24/7.

Additional services:

A full suite of Chase Ink business rewards credit cards, which offer generous sign-up bonuses, as well as other Chase business credit cards.
A variety of small-business loans, including lines of credit, equipment financing and SBA loans.
Chase offers payment services for e-commerce and retail businesses, including Chase QuickAccept, which lets business owners accept credit card payments from the mobile app.

» Read our full Chase business checking review

Live Oak

Best for: High-yield business savings and SBA loans

This online bank’s big draw is its free high-yield savings account, which earns 2.85% APY with no minimum balance requirements. Live Oak is also a prolific SBA 7(a) lender.

Three business checking options.
Business Essential Checking has a $10 monthly fee (waived with $1,000 average daily balance) and no monthly transaction limits.
Live Oak does not support cash deposits; accounts can be funded via ACH, wire transfer or check.
No weekend customer support.
Fee-free access to more than 55,000 Allpoint ATMs (savings accounts don’t have ATM access).

Additional services:

High-yield savings account that earns 2.85% APY with a balance of at least $0.01.
A cash sweep account that provides FDIC insurance for up to $10 million in deposits.
Business CDs that earn upwards of 3.50% APY.
Issued more SBA 7(a) loans by dollar amount than any other lender in fiscal year 2023 and the second-most in 2024.

» Read our full Live Oak Bank business accounts review

Navy Federal Credit Union

Best for: Military-affiliated business owners

Navy Federal Credit Union specializes in veteran-owned businesses, as well as those run by military members and their families. You’ll find business checking, savings and lending services with competitive terms, along with insurance and payroll processing. All listed owners of the business must be Navy Federal members to qualify. Membership is available to military members (active duty, veteran and retired), the National Guard, Department of Defense employees and their families.

Free, interest-bearing business checking account.
Unlimited fee-free electronic transactions.
No dollar limit on cash deposits.
High opening deposit requirement — $250 for sole proprietors and $255 for other entity types.
Fee-free access to more than 30,000 ATMs, including Navy Federal ATMs and the CO-OP network.

Additional services:

357 branches worldwide.
24/7 general customer support.
Money market accounts and business certificates of deposit.
Business credit card with no annual fee.
Business loans and lines of credit.

» Read our full Navy Federal Credit Union business checking review

NBKC

Best for: No-fee business checking

NBKC’s free business checking is an attractive option for business owners who don’t mind a fully online banking experience. While NBKC has only four branch locations, all in the Kansas City area, customers can access their account through NBKC's mobile app, its website and any of the 90,000+ MoneyPass and Allpoint ATMs.

Free business checking with no monthly fees, overdraft fees or transaction fees.
Free, unlimited cash deposits at participating MoneyPass and Allpoint ATMs.
Fees charged by other ATMs are automatically refunded (up to $12 per month).
Account can be opened and managed entirely online.

Additional services:

Add-on invoicing software for $10 per month, after a free 60-day trial.

» Read our full NBKC business checking review

Wells Fargo

Best for: Branch access and business loans

Wells Fargo has nearly 500 branches in Texas and offers a wide range of banking services for business owners who want in-person banking and can swing a monthly fee.

Three business checking accounts with monthly maintenance fees ranging from $10 for the bank's entry-level checking account (Initiate Business Checking) to $75 for a premium checking account that earns credits to offset fees (Optimize Business Checking).
Transaction limits range from 100 to 250 per month, depending on the account. Wells Fargo counts all withdrawals, debits and deposits, including mobile deposits, toward your transaction limit. Debit card purchases and payments do not count toward the limit.
Up to $20,000 in cash deposits per month, depending on the account type.
All business checking accounts can be opened online, over the phone or by visiting a branch.

Additional services:

Small-business loans, including commercial real estate and equipment financing. Wells Fargo also offers SBA loans.
Profit-sharing, 401(k) and IRA options for business owners and their employees.
Point-of-sale systems available through Clover.
Payroll services available through ADP.

» Read our full Wells Fargo business checking review

Other Texas-based business banks to consider

City Bank: A free business checking option, plus a full suite of business loans products, including agricultural loans.
First Horizon: Free business checking plus high-yield savings options.
Frost Bank: Business checking with a low monthly fee that has multiple ways to waive, plus a high-yield business money market account that, as of this writing, earns up to 1.50% APY depending on your balance. Frost is also an active lender in the SBA’s 7(a) loan program.
Randolph-Brooks Federal Credit Union (RBFCU): Free and low-fee business checking options, along with business loans, mobile payment processing and payroll services. RBCFU makes it easy to become a member and has dozens of branch locations across the state.

» MORE: Best business loans in Texas

Note on American Express® Business Checking: At Allpoint® and MoneyPass® locations in the U.S., you can withdraw cash and get balance information with no fee. Access to ATMs outside of the Allpoint® and MoneyPass® networks are subject to fees by the ATM owner and/or network. ATM withdrawal limits apply. American Express applies foreign exchange fees to withdrawals in foreign currencies. American Express does not accept ATM cash deposits into your Business Checking account at this time. Visit americanexpress.com/atm-locator to find participating ATMs in the U.S.

To view rates and fees of The American Express Blue Business Cash™ Card, see this page.

To view rates and fees of The Blue Business® Plus Credit Card from American Express, see this page.

To view rates and fees of the American Express® Business Gold Card, see this page.

Last updated on January 2, 2025

Methodology

NerdWallet’s writers and editors evaluate more than 60 business bank accounts from national, regional and online banks. Collectively, these accounts represent the largest banks by assets and the largest credit unions by membership, along with notable and emerging fintech companies and online banks.

We consider more than 20 data points for each account, including services, fees, features and rewards. We gather this information from rates and fees documents, deposit account agreements, financial institution websites and company representatives.

Our editorial team regularly reviews and updates our data to ensure consistency and accuracy. We also update our scoring on an ongoing basis to reflect changing industry norms and business owner needs. For instance, in 2026, we adjusted our expectations for APYs due to falling interest rates.

Final ratings range from one to five stars. A five-star score represents the best available product for the largest number of business owners. Learn more about how we rate business checking accounts.

Meet the editorial team

Kelsey Sheehy

Senior writer | Small business, personal finance

Kelsey Sheehy is a senior writer and NerdWallet authority on small business. She started at NerdWallet in 2015 and spent six years as a personal finance writer and spokesperson before switching gears to cover the financial decisions and challenges faced by small-business owners. Kelsey’s work has appeared in The New York Times, The Washington Post, Nasdaq and MarketWatch, among other publications. Kelsey has appeared on the "Today" show, NBC News and ABC’s "World News Tonight" and has been quoted by the Los Angeles Times, CNBC, American Banker, NPR and Vice, among other publications. Prior to joining NerdWallet, Kelsey covered college (and how to pay for it) for U.S. News & World Report. She is based in Washington, D.C.