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Finding the right banking partner is essential for small business success in Virginia. Whether you’re operating a boutique in Richmond, managing a contracting business in Norfolk, or launching a tech startup in Arlington, the right bank can simplify your finances and support your long-term growth.
Our top picks for 2025 include Bluevine, Lili, and Novo, digital-first banks known for low fees, user-friendly mobile apps, and features tailored for entrepreneurs. We’ve also spotlighted reputable regional and national banks with strong lending programs, in-person service, and deep local roots.
No matter your industry or ambitions, this guide will help you choose the best bank for your small business in Virginia.
>> Earn Up to 3.7% APY: See Which Bank Offers It Now! >>
Best Banks for Small Business in Virginia (2025)
- Bluevine – Best Overall Online Bank in Virginia
- Lili – Best for Simple, Low-Cost Banking for Freelancers
- Novo – Best for Digital Entrepreneurs & Independent Creators
- Grasshopper – Best for Startup-Friendly Business Banking
- nbkc Bank – Best for Fee-Free Business Checking Accounts
- Chase Business Banking – Best for Full-Service Financial Tools & Local Branch Access
- Found – Best for Solo Business Owners & Self-Employed Professionals
- Mercury – Best for Tech Startups & Scalable Operations
- Live Oak Bank – Best for SBA Loans & High-Yield Business Savings
- Wise Business Banking – Best for International Payments & Multi-Currency Accounts
Bluevine – Best Overall Bank for Small Businesses in Virginia
Bluevine remains a leading choice in 2025 for small businesses throughout Virginia, from Alexandria to Roanoke, seeking a digital-first, low-fee banking experience. With no monthly fees, unlimited transactions, and a high-yield business checking account, Bluevine is ideal for entrepreneurs managing finances remotely.
Its robust platform supports mobile check deposits, online bill pay, and fast transfers, all with no physical branch, perfect for busy business owners across the Commonwealth.
Why We Chose It
Bluevine gives Virginia’s small business owners, freelancers, and LLCs powerful tools to simplify banking while earning interest on deposits, without the burden of fees.
- Earn up to 3.7% APY on eligible balances
- No monthly maintenance or overdraft fees
- No minimum deposit to open
- No business savings account
- No ATM fee reimbursements
- $4.95 Green Dot cash deposit fee
Mobile Banking
The Bluevine app allows Virginia business owners to stay on top of their finances with features like bill pay, mobile check deposit, and real-time cash flow insights.
>> Bluevine: Trusted by 750K+ Businesses >>
Lili – Best for Simple, Low-Cost Banking in Virginia
Lili is a brilliant match for freelancers, gig workers, and creative professionals across Virginia looking for modern, all-in-one banking. Its standard account comes with no monthly fees and access to 38,000+ fee-free ATMs, perfect for mobile-focused professionals from Richmond to Virginia Beach.
With Lili Pro ($9/month), users gain valuable features like automated tax savings, a high-yield savings account (up to 4.15% APY), and invoicing, all in one clean mobile interface.
Why We Chose It
Lili supports Virginia’s independent workers with intuitive, low-cost banking and built-in tax and budgeting tools that make managing money easier.
- Earn up to 4.15% APY with Lili Pro
- No fees on standard accounts
- Built-in invoicing and tax tools
- Quick, fully digital account setup
- No physical branches or in-person service
- No joint or team accounts
- Fees on some retail cash deposits
Mobile Banking
Lili’s app enables Virginia freelancers to track expenses, save for taxes, and issue invoices from their phones, no desktop or paperwork required.
>> Open Your Lili Account Today! >>
Novo – Best for Freelancers and Digital Entrepreneurs in Virginia
Novo is an excellent fit for online business owners, digital creators, and remote consultants across Virginia who want a tech-friendly banking solution. With no fees or minimum balances, Novo offers essential tools like invoicing, budgeting reserves, and integrations with platforms like Stripe, Shopify, and QuickBooks.
While Novo doesn’t accept cash deposits or offer interest earnings, it makes up for it with unlimited ATM reimbursements and smooth mobile features tailored for modern business needs.
Why We Chose It
Novo empowers Virginia-based digital entrepreneurs with flexible, easy-to-use banking that fits seamlessly into the tools and workflows they already rely on.
- No monthly fees or minimum balance
- Unlimited ATM reimbursements
- Integrates with Stripe, QuickBooks, Shopify, and more
- Free invoicing and budgeting tools
- No APY or savings features
- No cash deposit support
- No business lending options
Mobile Banking
Novo’s mobile dashboard gives Virginia solopreneurs complete control over their finances, from invoicing to app integrations, anytime, anywhere.
>> Open Your Novo Account Today! >>
Grasshopper – Best for Startup-Friendly Banking in Virginia
Grasshopper is ideal for Virginia startups and digital-first entrepreneurs seeking a streamlined, modern banking experience. It offers tools for invoicing, automated payments, and real-time cash flow insights, perfect for fast-moving businesses across Richmond, Arlington, and beyond.
Why We Chose It
Grasshopper caters to Virginia founders who want intuitive, tech-driven banking without branch overhead.
- Invoicing and vendor payment tools
- Clean, mobile-first interface
- Integrates with startup platforms
- No ATM, savings, or lending products
- Must link to an external bank
- Not suited for cash-heavy businesses
Mobile Banking
Grasshopper’s app allows Virginia entrepreneurs to automate tasks and track cash flow anytime, anywhere.
>> Explore Grasshopper Banking >>
nbkc Bank – Best for Fee-Free Business Checking in Virginia
Though based in Kansas City, nbkc Bank is a great choice for Virginia small business owners seeking no-frills, low-fee banking. With no monthly fees, no minimums, free domestic wires, and 90,000+ fee-free ATMs, it suits digital and remote-first businesses.
Why We Chose It
nbkc offers transparent, cost-effective banking for Virginia businesses that prioritize value and efficiency.
- No monthly fees or balance minimums
- Free domestic wires and unlimited transactions
- Large ATM network
- No Virginia branches
- No business savings accounts
- Limited services beyond checking
Mobile Banking
Virginia users can manage all account tasks via nbkc’s mobile app: deposits, transfers, bill pay, and more.
>> Open an nbkc Bank Account Today! >>
Chase Business Banking – Best for Full-Service Banking in Virginia
Chase is a strong full-service option for Virginia businesses with locations in major cities like Fairfax, Alexandria, and Virginia Beach. Its Business Complete Banking® account includes QuickAccept® for payments, same-day deposits, loans, credit cards, and more.
Why We Chose It
Chase provides Virginia entrepreneurs with a reliable mix of in-person service and robust digital tools.
- Card payment acceptance + same-day access
- Wide branch and ATM presence
- Business lending and merchant services
- $15 monthly fee unless waived
- Limited free monthly transactions
- Low interest rates
Mobile Banking
The Chase app helps Virginia business owners manage payments, deposits, and team access efficiently.
>> Get Started With Chase Business Banking >>
Found – Best for Solo Business Owners in Virginia
Found is a mobile-first banking app tailored for Virginia’s freelancers, gig workers, and independent contractors. With no monthly fees, unlimited transactions, and built-in tax tools, it simplifies money management for self-employed professionals, from Richmond creatives to tech consultants in Arlington.
Why We Chose It
Found offers Virginia solopreneurs an all-in-one platform to track income, file taxes, and send invoices, without the typical fees.
- No monthly fees or minimums
- Built-in tax tracking and invoicing
- Mobile-first and easy to use
- Unlimited transactions
- No interest on balances
- No cash or check deposit support
- No credit, lending, or savings features
Mobile Banking
Found’s app helps Virginia freelancers stay organized, tracking income, categorizing expenses, and preparing for tax season anytime.
>> Open Your Found Account Today! >>
Mercury – Best for Tech Startups in Virginia
Mercury is ideal for Virginia’s tech startups and remote teams looking for a modern, all-digital banking experience. From Northern Virginia’s tech corridor to Richmond’s growing innovation hubs, Mercury offers zero-fee accounts, multi-user access, and integrations with platforms like Stripe and QuickBooks.
Why We Chose It
Mercury supports Virginia’s startup ecosystem with smart, scalable digital banking, no branches, no hidden fees.
- No account fees or minimums
- Free domestic wires
- User permissions and multi-user access
- Seamless integrations with business tools
- No interest-earning accounts
- No ATM access or cash deposits
- No in-person support
Mobile Banking
The Mercury app enables Virginia founders to move money, collaborate with teams, and run banking operations on the go.
>> Get Started With Mercury >>
Live Oak Bank – Best for SBA Lending & High-Yield Savings in Virginia
Live Oak Bank specializes in SBA and USDA lending, making it a top choice for Virginia small business owners seeking capital. Whether you’re running a farm in the Shenandoah Valley or a small shop in Norfolk, Live Oak offers remote-friendly, high-yield savings options and no-fee checking.
Why We Chose It
Live Oak brings strong lending experience and savings opportunities to Virginia businesses, all through a digital-first experience.
- Competitive interest on savings and CDs
- SBA and USDA loan experts
- No checking account fees
- FDIC-insured cash sweep up to $10M
- No in-person service or cash handling
- Limited mobile functionality for daily use
- Few integration tools
Mobile Banking
Virginia business owners can manage loan and savings accounts online, though Live Oak’s mobile tools are better for high-level oversight than day-to-day banking.
>> Explore Live Oak’s Account Options >>
Wise Business – Best for Global Payments in Virginia
Wise Business is perfect for Virginia freelancers, startups, and remote teams managing international transactions. Supporting over 50 currencies with real-time exchange rates, it offers low-cost global transfers and multi-currency accounts for businesses in e-commerce, consulting, and beyond.
Why We Chose It
Wise helps Virginia-based businesses expand globally with transparent international banking and easy multi-currency access.
- Low-cost international transfers
- Real-time FX rates
- Holds and sends money in 50+ currencies
- Great for digital and remote-first companies
- No interest-bearing accounts
- No domestic business loans or credit
- Limited tools for U.S.-centric businesses
Mobile Banking
The Wise app allows Virginia entrepreneurs to send, receive, and convert funds globally, all from their smartphones.
>> Open a Wise Business Account Today! >>
How to Choose the Best Bank in Virginia for Your Small Business
Selecting the right bank in Virginia for your small business means understanding your unique financial needs and aligning with a provider that supports your operations. Whether you’re launching a startup in Arlington, running a family business in Roanoke, or freelancing from Virginia Beach, this guide can help you make a confident banking choice:
- Explore Your Banking Options: Virginia business owners can choose from major national banks, regional community banks, credit unions, and digital-first FinTechs. Traditional banks offer local branches and personalized service, while online banks tend to have lower fees and mobile-friendly features. Choose the model that best fits your location, workflow, and customer needs.
- Identify the Right Business Accounts: Business accounts serve different purposes. Consider what your operation needs most: checking, savings, merchant processing, credit access, or interest-bearing features. Choose a bank that supports your cash flow cycle and future expansion.
- Watch Out for Fees: Many banks impose monthly service fees, cash deposit limits, or excess transaction charges. Seek out Virginia-based banks, especially credit unions or digital banks, that offer low- or no-fee business checking. Always understand how to avoid fees through balance requirements or usage minimums.
- Consider Access and Convenience: If your business handles cash or you prefer in-person help, pick a bank with local branches or a wide ATM network across Virginia. For remote-first or mobile businesses, look for digital banks that offer ATM reimbursements and strong online support.
- Look for Business-Friendly Features: The best banks for Virginia small businesses offer value-added tools like integrated invoicing, mobile check deposits, accounting software sync, early pay access, or business cards. Choose based on features that improve your daily operations, not just the best-looking ad.
- Evaluate Customer Service and Support: Responsive customer support can make a big difference, especially when issues arise. Review customer feedback, app ratings, and help desk availability. Strong service, whether in-branch or online, keeps your business running smoothly.
- Read the Fine Print Carefully: Before signing up, verify FDIC or NCUA insurance, and review all terms related to fees, transaction limits, interest, and signup bonuses. Knowing the details upfront protects your bottom line.
- Consider Full-Service Capabilities: If you’re planning to grow, choose a bank that can scale with you, offering business loans, equipment financing, payroll integration, or investment services. A full-service banking partner can help support every stage of your business journey.
>> Open Your Bluevine Account Today! >>
Frequently Asked Questions (FAQs)
Still weighing your options for small business banking in Virginia? These FAQs cover the key concerns that business owners, from Arlington to Roanoke, often ask before choosing a bank.
>> Check Out Accounts at Bluevine Now! >>
Conclusion
From digital-first banks offering seamless online tools to full-service institutions with strong local roots, Virginia’s banking landscape provides a wide range of options for small businesses.
Whether you’re prioritizing low fees, easy-to-use mobile apps, reliable customer support, or access to business-friendly features, there’s a bank in Virginia that matches your operational needs. Online platforms like Bluevine and Lili appeal to modern, mobile-driven entrepreneurs, while institutions with regional expertise offer stability and personalized service.
No matter your focus, growth, cash flow management, or simplified day-to-day banking, Virginia’s top business banks are equipped to help you move forward with clarity and confidence.
>> Open Your Bluevine Account Today! >>
Jonathan is a seasoned content writer with deep expertise in career development, job search strategies, and professional growth. With a keen ability to craft insightful and engaging content, he has helped countless professionals navigate their careers with confidence. His work focuses on resume optimization, interview preparation, and industry trends, making him a trusted voice in career coaching and development.
