Florida's Top Commercial Banks

How did we determine which Florida banks are ideal for companies? We began with the basics — Banks that cater to businesses We researched financial institutions that offered fee-free business checking accounts, as well as those with low, manageable monthly fees.

We also considered the banks' other business offerings, such as branch locations and online banking convenience, when making our selections. loans for small businesses payments, and optional features like payroll and merchant services In their analysis, the experts at NerdWallet looked at a wide variety of financial institutions.

Chase has over 400 physical locations throughout the Sunshine State and almost as many across the rest of the country.

Some highlights include:

• Chase has three different business checking accounts, with Chase Business Complete CheckingSM starting at $15 per month.

• Both Chase Performance Business Checking® and Business Complete Checking® come with no limit on the number of electronic deposits you can make. There is a monthly cap of 20 for Business Complete and 250 for Performance Business checking for in-person and paper transactions.

• Chase QuickAcceptSM, available with Business Complete Checking, allows you to accept payments from customers via the Chase mobile app.

• Opening an account is possible either virtually or physically.

• Support available around-the-clock

In our full Examining Chase's Commercial Checking Accounts

• You can get up to 5% cash back with select Chase business credit cards, such as the Chase Ink Business Cash® card.

• Equipment financing, credit lines, and the Small Business Administration

• Electronic and physical retail payment processing services

The Florida counties that Suncoast Credit Union serves are: Your company needs to be legally operating in one of those Florida counties to open an account there.

Some of the highlights are as follows:

• We offer both Business Smart Checking and Business Classic Checking for your company's needs.

• There is no minimum balance required and no monthly maintenance fee with Business Smart Checking.

• Both accounts require an initial deposit of $50.

• Business Smart allows for up to 200 fee-free transactions per month, while Business Classic allows for up to 300. Automatic transactions such as bill pay online and debit card purchases are excluded from this cap.

• There are over 70 locations offering full service.

• There are no withdrawal fees at any of the nearly 30,000 Suncoast or Co-op ATMs located throughout the United States.

• Microloans and loans to the Small Business Administration are among the services offered to businesses.

• Earn rewards and support local causes with the Suncoast Business Platinum Visa.

• Liability, property, and workers' compensation are just some of the coverage options that Suncoast provides for local business owners.

» MORE: The Best Lending Institutions for Small Businesses in 2021

The majority of Iberiabank's 68 Florida locations are found in the state's central region. The bank's recent merger with First Horizon Bank will allow it to increase its presence in Florida.

Some highlights include:

• There are three primary account choices, one of which is a no-fee business checking account.

• Earnings on Business Interest Checking Accounts are 0% 1% on all balances over $10,000

• Limits on transactions apply, but they're more lenient than those imposed by many banks. Unlike Suncoast Credit Union, Iberiabank's free checking account permits up to 500 fee-free transactions per month.

• Up to $10,000 in cash deposits are free for all accounts.

• You can make your bookkeeping a breeze by syncing your checking account transactions with QuickBooks.

• Create an account in person, over the phone, or in cyberspace.

• Mortgages, lines of credit, and other forms of real estate financing for small businesses.

• Paychex is a company that offers payroll processing.

• Commercial deposit accounts such as money markets and CDs

Business owners who place a premium on convenience will find a lot to like about Wells Fargo, what with the bank's nearly 550 locations across the state of Florida, its more than 13,000 ATMs, and its convenient online and mobile banking options.

Some of the highlights are as follows.

• Initiate, Navigate, and Optimize are the three types of business checking accounts.

• The first month's fee of $10 is waived if you keep a daily balance of $500 or an average ledger balance of $1,000 in your brand new business checking account.

• The Initiate Business Checking account's limit on fee-free cash deposits is $5,000, while the Navigate Business Checking account's limit is $20,000.

• Depending on the type of account, monthly transaction limits can be anywhere from 100 to 250. The number of transactions you can make at Wells Fargo includes withdrawals, debits, and deposits (including mobile deposits). Withdrawals and purchases made with a debit card are excluded from the spending cap.

• You have the option of opening an account digitally, physically, or verbally.

Here is our complete Examining Business with Wells Fargo

• Having no interest on business savings and CD accounts 01%

• Wells Fargo provides Small Business Administration Loans, Commercial Real Estate Loans, and Equipment Loans.

• Wells Fargo is an option for business owners who wish to provide their employees with access to retirement accounts such as profit sharing plans, 401(k)s, and individual retirement accounts.

• Clover provides POS systems for use in retail settings.

• ADP is a company that offers payroll processing.

Some highlights include:

• Free checking account, overdraft, and transactions for businesses.

• At MoneyPass ATMs, you can make unlimited deposits for no fee.

• Automatic reimbursement of ATM withdrawal fees (up to $12 per month).

• An online interface allows for account creation and maintenance.

• Additional billing software available after a free 60-day trial for $10 per month.

• Term loans, construction loans, inventory and equipment financing, and SBA loans are all types of small business loans.

Read our complete Checkup of Local Businesses by NBKC

There are no maintenance or overdraft charges with Bluevine's online business checking account. Lines of credit for businesses are another service provided by the financial institution.

The most notable aspects are as follows:

• Inexpensive, no-hassle business checking accounts

• There are no overdraft fees or limits on transactions.

• Earn 2 Interest rate of 0% on all balances below $250,000 Note the T&Cs

• MoneyPass ATMs are free of charge.

• This checking account can sync with both QuickBooks and Wave, and it also works with PayPal and Swipe.

Here is our complete Examining the Bluevine company background.

• Credit lines and invoice discounting are two types of small business loans.