Hello Guys…
I wanna start a new business in Florida and I’m trying to decide on the best bank to open a business account with. I want a bank that offers good customer service, reasonable fees, and a variety of business banking services.
Does anyone have recommendations for the best banks for business accounts in Florida? Any personal experiences, good or bad, would be really helpful. I’m particularly interested in things like online banking features, branch accessibility, and any hidden fees.
Hey, I like Bluevine’s free online business checking account, which has no monthly or overdraft fees and is FDIC-insured for up to $3 million through the IntraFi sweep network. The financial services company also provides business lines of credit.
Pros: Extensive branch network in Florida, 24/7 customer service, variety of business banking services including merchant services and online tools.
Cons: Monthly service fees can apply depending on account activity, may not offer the most personalized service for smaller businesses.
Bank of America:
Pros: Extensive branch network, strong mobile and online banking platform, offers business loans and credit cards.
Cons: Fees can add up, may not be the most relationship-focused for new businesses.
Regional Banks in Florida:
Seacoast Bank:
Pros: Strong presence throughout Florida, known for good customer service and focus on small businesses, offers online banking and treasury management services. Seacoast Bank
Cons: Limited national presence compared to larger banks.
City National Bank of Florida:
Pros: Tailored financial solutions for businesses, focus on client relationships, strong online banking features.
Cons: Fewer branches compared to national banks, might not be the best fit for businesses needing frequent cash deposits.
Additional Options:
Credit Unions: Credit unions often offer competitive rates and lower fees compared to traditional banks. Explore local Florida credit unions like Suncoast Credit Union for potential benefits.