Texas' Finest Small Business Banks

Business owners in Texas have a wide variety of banking options to choose from. We compared the services of a large number of financial institutions so that you wouldn't have to.

To determine which financial institutions in Texas are ideal for startups, NerdWallet analyzed dozens of options, including traditional brick-and-mortar banks, online banks, credit unions, and nonbanks.

We scoured the banking and credit union landscape for institutions that could Commercial bank accounts with low fees, convenient access (in-person or online), and few restrictions on how you can use your money would be ideal.

Bluevine Business Checking
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Our editorial staff is responsible for assigning NerdWallet's star ratings. Multiple factors about each financial product or service are factored into the scoring formulas.

Deposits at Bluevine are FDIC-insured.

Free business checking account with high annual percentage yield at a digital bank: Earn 2 Interest rate of 0% on all balances below $250,000 Note the T&Cs

nbkc Business Account
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Member FDIC, nbkc bank

Free unlimited deposits, transactions, and overall business checking account online.

Chase Business Complete Banking℠
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a Branch of JPMorgan Chase & Co., Member FDIC

A stalwart Texas financial institution that boasts both an advanced mobile app and over 500 convenient physical branches.

BBVA USA Business Connect Checking
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Our editorial staff decides how we rate products at NerdWallet. Each financial product and service is evaluated based on a wide range of factors that are factored into the scoring formulas.

There are no ATM fees, period, for business checking accounts, ever. In addition, commercial clients receive additional benefits and discounts.

Commercial Bank of Texas Totally Free Business Checking

Local financial institution providing free business checking accounts and a variety of loan products

Wells Fargo Initiate Business Checking℠ Account
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Our editorial staff is responsible for assigning NerdWallet's star ratings. Multiple factors about each financial product or service are factored into the scoring formulas.

There are three types of business checking accounts to choose from at this large national bank with a strong presence in Texas.

Actually, Bluevine isn't a bank at all. However, Coastal Community Bank and the Federal Deposit Insurance Corporation (FDIC) back the free online business checking account that the financial services firm provides. Lines of credit for companies are another service provided by Bluevine.

Some of the highlights are as follows.

  • No-strings-attached, no-minimum-deposit business checking account

  • There will be no overdraft fees or limits placed on your transactions.

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

  • Over 34,000 MoneyPass ATMs around the world are fee-free.

  • Account can sync with both QuickBooks and Wave, and it also supports PayPal and Swipe.

  • Payments can be made once or on a regular basis through ACH, wire transfer, or check.

Read our complete Analyzing Businesses with Bluevine

  • Invoice factoring and other forms of working capital for small businesses

If you run a business and don't mind banking exclusively online, NBKC's free business checking account could be a good fit. Customers of NBKC can access their accounts via the mobile app, the website, or any of the 34,000 MoneyPass ATMs located throughout the country.

Some highlights are as follows:

  • Free business checking accounts don't charge you anything to use them.

  • At MoneyPass ATMs, you can deposit as much money as you want without paying a fee.

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

  • An online interface allows for account creation and maintenance.

  • Invoicing software as an add-on, available for $10/month after a free 60-day trial

  • SBA loans, term loans, construction loans, inventory and equipment financing, and other forms of financing for small businesses.

Here is our complete The NBKC Business Verification Checklist

Unfortunately, there is no merchant checking account free of charge Chase's monthly fee may seem steep, but the bank's mobile app makes making and receiving payments a breeze. Chase has over 500 locations in the Lone Star State and almost 5,000 locations nationwide.

Some of the highlights are as follows:

  • The monthly fee for Chase Business Complete CheckingSM is $15, but there are a number of ways to get around that fee.

  • Free-Range Online Banking Deposits Chase Business Complete allows for up to 20 in-person and paper transactions per month, while Chase Performance Business Checking® allows for up to 250.

  • Chase's QuickAcceptSM mobile app can process payments without any additional POS hardware.

  • You can open an account at any of the bank's 500 locations in the Lone Star State.

  • Phone calls are answered by real people around the clock.

Here is our complete Analysis of Chase Business Checking

  • SBA Loans, Equipment Financing, and Other Options for Small Businesses

  • Chase QuickAccept is one of the payment processing options available to online and brick-and-mortar retailers from Chase.

Business owners in Texas are never far from a BBVA Compass branch because the bank is the fourth largest in the state and has more than 300 locations across the Lone Star State. BBVA Compass offers three different types of business checking accounts: Business Connect, Business Choice, and Business Premium Checking.

Some of the highlights are as follows.

  • There is no minimum balance required or monthly service charge with Business Connect Checking.

  • All BBVA business checking accounts require an initial deposit of $100.

  • There are no ATM fees with BBVA Compass, even when using an ATM outside of their network.

  • There are caps on deposits and transactions. The maximum deposit varies by type of account.

  • Mobile deposits, bill payments, and online banking are all provided at no cost to you.

  • Sole proprietors can apply online, while other businesses must either call or visit an office to fill out an application.

  • Loans for smaller enterprises, such as credit lines, mortgages, and Small Business Administration

  • Credit card with 1 point per $1 spent, geared toward business owners. Spending a dollar earns five points. In addition, you can apply for a secured business rewards credit card.

  • Payment processing systems from Clover and online payroll services (starting at monthly) are available as add-ons.

  • The company also offers free financial wellness seminars and discounts on hotels and rental cars to its business clients.

Commercial Bank of Texas, established in 1901, serves local business owners with checking accounts, loans, and insurance.

When compared to other, larger banks, Commercial Bank's free business checking account has higher monthly cash deposit limits (up to $10,000) and transaction limits (up to 1,000 fee-free transactions). For example, Wells Fargo's standard business checking account permits only 100 transactions per month without a fee.

Some highlights include:

  • There are two main types of business checking accounts: free business checking accounts and interest-bearing business checking accounts. A $50 opening deposit is required for both.

  • The business checking account allows for larger monthly transactions and larger monthly cash deposits (up to $10,000) than those offered by traditional banks.

  • Spend no money to use any of these convenient banking services:

  • SBA loans, FSA loans, and other types of small business financing

  • Liability, commercial property, and workers' compensation insurance are just some of the policies available to businesses.

» MORE: Financial Institutions Highly Recommended for SME Loans in 2021

Wells Fargo is the largest bank in Texas with over 560 locations, catering to business clients who prefer face-to-face interactions and can afford the bank's monthly service charge.

Some highlights are as follows:

  • There are three business checking accounts available from the bank, with monthly maintenance fees ranging from $10 for the basic account (Initiate Business Checking) to for the premium account (Optimize Business Checking), which earns credits to offset fees.

  • Depending on the type of account you have, you may only make between 100 and 250 transactions per month. 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.

  • Monthly deposits of up to $20,000 USD (varies by account type)

  • You can open a business checking account in any of three ways: online, by phone, or at a physical location.

In our full Examining Business with Wells Fargo

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

  • Financing for commercial property and equipment is included in the scope of these small business loans. SBA loans are also available from Wells Fargo.

  • Optional profit sharing, 401(k), and individual retirement account plans for business owners and employees.

  • Clover offers point-of-sale systems for businesses.

  • ADP is a payroll service that offers a variety of payroll-related options.

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