Top Texas Banks for Startups and Small Businesses

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 investigated financial institutions that provided Banks that cater to businesses 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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Deposits at Bluevine are 100% FDIC Insured.

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

nbkc Business Account
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Our editorial staff decides how we rate products at NerdWallet. Multiple factors are considered in the scoring formulas for each financial service or product.

here at nbkc bank, an FDIC-insured institution

Completely paperless, fee-free, and deposit-limit-free business checking service available exclusively online.

Chase Business Complete Banking℠
NerdWallet Score
Our editorial staff decides how we rate products at NerdWallet. Multiple factors about each financial product or service are factored into the scoring formulas.

Chase, an FDIC-Insured Financial Institution

A stalwart Texas bank that has more than 500 physical branches and a cutting-edge mobile app

BBVA USA Business Connect Checking
Ranking on NerdWallet
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.

The business checking account is free, and there are no ATM fees. 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
Ranking on NerdWallet
Our editorial staff decides how we rate products at NerdWallet. Multiple factors about each financial product or service are factored into the scoring formulas.

A sizable national bank with a significant presence in Texas, offering three distinct options for commercial checking accounts.

Actually, Bluevine isn't a bank at all. However, Coastal Community Bank, an FDIC-insured bank, and the financial services company offer a free online business checking account. Credit lines for companies are another service provided by Bluevine.

Some highlights are as follows:

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

  • Overdraft fees and transaction limits are not imposed.

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

  • At over 34,000 MoneyPass ATMs, there are no withdrawal fees.

  • Sync with QuickBooks or Wave and use PayPal and Swipe with this checking account.

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

Read our complete Examination of Bluevine's Business Background

  • 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 have access to their accounts via a mobile app, a website, and any of the 34,000 MoneyPass ATMs, despite the fact that the bank has only four branch locations, all of which are in the Kansas City area.

The most notable aspects are as follows:

  • No monthly, overdraft, or transaction fees for businesses.

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

  • All other ATM fees are reimbursed immediately (up to a $12 monthly cap).

  • All account-related activities can be performed digitally.

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

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

» Read our full Analysis of Business Records by NBKC

Unfortunately, there is no Totally Free Business Checking Account 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 avoid this 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 processes payments; conventional POS hardware is unnecessary.

  • 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 Analyzing Chase's Business Checking Accounts

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

  • Chase QuickAccept is a mobile app that allows business owners to accept credit card payments, and is part of Chase's suite of payment services for e-commerce and retail.

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:

  • No monthly service charge or minimum balance is required for Business Connect Checking.

  • All BBVA business checking accounts require a $100 minimum deposit upon opening.

  • 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.

  • Lines of credit, commercial real estate loans, and Small Business Administration loans are all types of small business loans.

  • Credit card with 1 point per $1 spent, geared toward business owners. For every dollar spent, you get 5 points. There is also a secured credit card with rewards for businesses.

  • 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, founded in 1901, serves the banking needs of entrepreneurs throughout the Lone Star State by providing them with checking accounts, loans, and insurance.

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

Some of the highlights are as follows:

  • Free Business Checking and Business Interest Checking are the two most common types of business checking accounts. Each calls for an initial investment of $50.

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

  • Mobile deposits, bill payments, and online banking are all free.

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

  • Choices in business insurance coverage include general liability, commercial property, and workers' compensation.

» MORE: 2021's top financial institutions for small business loans

Business owners in Texas who prefer face-to-face banking and can afford a monthly fee have a plethora of options with Wells Fargo, which has more than any other financial institution with 560 branches across the state.

Some of the highlights are as follows:

  • There are three business checking accounts available from the bank, with monthly maintenance fees ranging from $10 (for the basic "Initiate Business Checking") to (for the premium "Optimize Business Checking"), with the credits earned on the latter offsetting some of the fees.

  • 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.

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

  • There is no difference between opening a business checking account online, over the phone, or in person.

Here is our complete 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.

  • The possibility of profit sharing, 401(k), and individual retirement accounts for business owners and workers

  • Clover provides POS systems for use in retail settings.

  • ADP is a company that offers payroll processing.

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