Best Bank for Small Business in Your State 2021

Find the best bank for your biz—no matter where you’re located.

Opening a business bank account sounds easy: look at some bank reviews, pick one you like, and then apply for an account. But sometimes—a lot of the time, actually—that well-reviewed bank isn’t in your state. Then what?

That’s where we come in. We wanted to make it easier for small-business owners to find business banking, so we compiled a list of the best banks for small business in each state. From Alabama to Wyoming—and every state in between—we’ve got you covered.

Let’s find your new bank!

The best business banking by state

To get our list, we compared our rankings of the best banks for small business with bank locations to find the highest-ranked bank in each state.

(Sorry, Hawaii―you don't get many small-business banking options.)

All of these banks offer small-business checking accounts, savings accounts, credit cards, and other essential business services.

Bullhorn
What makes these the best banks?
Once you find the best bank in your state, learn more about why we like it by checking out our guide to the best banks for small business.

(Note that this list does not include online banks, nor does it include credit unions—both of which we talk about in the FAQs below.)

Best bank for business in your state

State
Bank
Get an account

Alabama

SunTrust

Alaska

KeyBank

Arizona

U.S. Bank

Arkansas

SunTrust

California

U.S. Bank

Colorado

KeyBank

Connecticut

KeyBank

Delaware

Citizens

District of Columbia

SunTrust

Florida

SunTrust

Georgia

SunTrust

Hawaii

Bank of Hawaii

Idaho

KeyBank

Illinois

Huntington Bank

Indiana

KeyBank

Iowa

U.S. Bank

Kansas

U.S. Bank

Kentucky

Huntington Bank

Louisiana

CitiBank

Maine

KeyBank

Maryland

SunTrust

Massachusetts

KeyBank

Michigan

KeyBank

Minnesota

U.S. Bank

Mississippi

SunTrust

Missouri

U.S. Bank

Montana

U.S. Bank

Nebraska

U.S. Bank

Nevada

U.S. Bank

New Hampshire

Citizens

New Jersey

Citizens

New Mexico

U.S. Bank

New York

KeyBank

North Carolina

SunTrust

North Dakota

U.S. Bank

Ohio

KeyBank

Oklahoma

Bank of America

Oregon

KeyBank

Pennsylvania

KeyBank

Rhode Island

Citizens

South Carolina

SunTrust

South Dakota

U.S. Bank

Tennessee

SunTrust

Texas

BBVA

Utah

KeyBank

Vermont

KeyBank

Virginia

SunTrust

Washington

KeyBank

West Virginia

Huntington Bank

Wisconsin

U.S. Bank

Wyoming

U.S. Bank

How to choose a bank for your small business

While we think the banks listed above are your best options, they’re not your only options. You can still choose from other banks in your state, community banks and credit unions, or online banking.

So how do you choose the right bank as a business owner?

Well, clearly location matters (otherwise we wouldn’t have written this article). You can start by figuring out which banks are available in your state. But you should also consider other factors:

  • Available account types (checking accounts, savings accounts, or other accounts)
  • Banking fees (including monthly fees, transaction fees, and cash deposit fees)
  • Other business services and products (like small-business loans or insurance)
  • Your typical bank account usage (number of transactions and cash deposits)
  • Customer reviews

If, for example, you just want a basic checking account for your business―no extras needed―you might find that just about any local bank will work (though some will be cheaper than others).

But if you want a business checking account, a savings account, a credit card, a business loan, and merchant services? A smaller bank probably won't have all that, so you'll need to look at big banks instead.

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Business banking FAQ

What if I don’t like the best bank in my state?

Don’t like the banks available in your state? No problem. You’ve got a couple other options.

You can always go with one of the best online banks for small business. Since these banks are pretty much entirely online—which means you do all your banking via their websites or mobile banking apps—it doesn’t really matter what state your business is located in.

If you still want that in-person touch, consider opening a business bank account at a local credit union. Many credit unions offer small-business banking these days, and they often have better deals—not to mention better reputations—than the big banks do.

Or, you know, you can just choose one of the other big banks in your state.

What other banks are available in my state?

Good question. If you want to see more of the business banking options in your area, check out our list of banks in your state.

Do I have to have a business bank account?

Yes, you really need a business bank account. It makes your business more legitimate, limits your liability, and simplifies your financials. We explain all that in more detail in “Do You Need a Business Account?

The takeaway

Depending on your state, you may not always be able to get the best bank for business out there—but that doesn’t mean you shouldn’t get the best one around. With our list of the best banks in each state, you can make sure you’re taking your business to the right place.

The bank you choose matters, but it’s not the only thing that does. Make sure you’re getting the right kind of bank account with our guide to the types of business bank accounts.

Disclaimer

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

Chloe Goodshore
Written by
Chloe Goodshore
Chloe covers business financing and loans for Business.org. She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.
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