10 Best Banks for Small Businesses & Real Estate Investors

There are many important decisions to make when you open a business, but one of the most overlooked decisions is choosing a bank. The bank that you use for your personal finances is not always the best one for your business. Every bank provides different services, and their fees may vary wildly from one bank to the next.

You need to make sure that a bank is well-suited for your company’s banking needs before opening an account with them. If you need a little insight to guide your decision, check out our list of the best banks for small business.

How We Rate the Best Banks for Small Businesses?

How do we determine the best banks for small businesses?

We weigh several different factors, and they’re not all that different from the criteria you’d use to choose a bank for your personal finances.

How To Choose The Best Real Estate Bank?

There are numerous banks geared towards real estate investors and their specific financing needs. However, they don’t all offer the same benefits or level of expertise. When investors are choosing between banks, consider the above criteria. Often the best banks are those that prioritize access, security, and provide diverse loan options. These factors are crucial to the many demands of real estate investing.

If you already have an existing bank account you are unhappy with, take time to write out why. This will help guide you as you search for a better option. While it may seem easier, selecting the same provider for your business and personal needs may not always be the best fit. While many small business owners opt for the same bank, they are often left unsatisfied with the experience overall.

Prioritize your needs for the future by reviewing each of these considerations. Are you hoping for a bank with checking and savings options? What about the opportunity for multiple mortgage loans? Keep each of these factors in mind as you review some of the options below.

10 Best Banks for Investors & Small Business Accounts

We evaluated accounts across numerous banks to help you find the best options. If you are interested in an investor or small business account, here are 10 of the best options:

  1. Wells Fargo
  2. Chase
  3. Bank Of America
  4. Capital One
  5. U.S. Bank
  6. NBKC
  7. Radius
  8. KeyBank
  9. PNC Bank
  10. Digital Federal Credit Union

How to Choose the Best Bank for Your Small Business?

As you can see, there are plenty of great banking options for your small business. How do you know which bank is right for you?

Consider the following:

Only you can decide which bank is right for your small business, so be sure you do plenty of research before you open an account anywhere. It’s always a good idea to shop around!

What Do You Need To Open A Business Bank Account?

The items needed to open a business bank account are pretty straightforward. Before applying for a new account, make sure you have your employer identification number (EIN) (or your social security number if you operate as a sole proprietorship). You will also need your business formation documents, ownership agreement, business license and business name certificate (if applicable). Next, you will need some form of photo ID, though it does not hurt to bring more than one. Double check the banking website to ensure nothing is left out. With these documents handy, you should be ready to open a business bank account.


What criteria can you use to find the best banks for small business? Find out whether the bank has low fees, high interest earnings, borrowing options, cash management solutions, rewards programs, low minimum balance requirements, and great customer service. Before you start shopping for a small business bank, be sure you understand your company’s financial goals. Know your company’s financial plan, how much startup funds you have available, whether or not you’ll need a loan, and which types of banking services you need to be successful. If there aren’t many brick-and-mortar banks in your area, you can always turn to an online bank.

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