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Oklahoma’s agrarian tradition and reliance on farming and ranching have led to a thriving community banking culture. Even as oil, gas, and modern industries dominate larger cities, there are still several large financial institutions serving the state and surrounding areas. Check out our list of the best banks for businesses in Oklahoma.
Best Business Checking Accounts in Oklahoma City
The best banks with the best checking accounts for businesses in Oklahoma City are:
- RCB Bank – Best Free Checking Account
- BancFirst – Best Regional Bank
- BOK Financial – Best National Bank With Branches in Oklahoma
- Ally Bank – The Top Savings Account
RCB Bank – Best Free Checking Account
RCB Bank‘s My Interest Checking account is a great option for those looking for a free checking account that earns interest. The account offers a competitive 0.51% APY, which is rare for a checking account. However, it is important to note that the higher rate is only applicable to accounts with less than a $15,000 balance, with larger accounts earning a much lower 0.01% APY.
To qualify for the higher interest rate, account holders must make at least 10 debit purchases per month, have at least one automatic withdrawal or deposit, and choose to receive electronic statements. Additionally, a minimum deposit of $100 is required to open an account.
Why we chose it: RCB Bank’s my Interest Checking account is a good option for those looking for a free checking account that can earn them some interest as long as they meet the qualifying requirements.
- Offers a high-interest rate for a checking account
- No monthly fee
- No minimum balance requirement
- Free online banking, bill pay, and mobile banking
- Higher interest rate only applies to accounts with less than a $15,000 balance
- Need to make at least 10 debit purchases per month.
BancFirst – Best Regional Bank
BancFirst is a great choice for those living in Oklahoma due to its extensive network of more than 100 local branches, which is unmatched by other banks in the area. Its savings account also offers a high APY that surpasses many other banks and even some money market account rates.
With BancFirst, customers can access a variety of financial products and services, including checking and savings accounts, loans, and credit cards. Additionally, the bank provides online and mobile banking services, making it easy to manage finances on the go.
However, BancFirst’s services are only available in Oklahoma, which may limit its appeal to those living outside the state.
Why we chose it: BancFirst is a reliable regional bank with a strong local presence in Oklahoma.
- Extensive network of over 100 local branches in Oklahoma
- Competitive APY for savings accounts
- Wide range of financial products and services, including loans and credit cards
- Online and mobile banking services are available
- Only available in Oklahoma, limiting its appeal to customers outside of the state
- Limited access to physical branches for customers living outside of Oklahoma
BOK Financial – Best National Bank With Branches in Oklahoma
BOK Financial is a top national bank with a strong presence in Oklahoma, where it operates over 40 branches. The bank offers a wide range of financial products and services, including checking and savings accounts, credit cards, mortgages, and loans.
One standout feature of BOK Financial is its online and mobile banking platforms, which are user-friendly and offer a variety of tools to help businesses manage their finances. The bank also offers a rewards program for its credit card holders, which can be redeemed for cash back, merchandise, or travel.
Why we chose it: This bank has a strong presence in Oklahoma city and offers various perks for business owners.
- A strong national bank with over 100 years of experience
- Large network of branches and ATMs, with over 40 branches in Oklahoma
- Offers a wide range of financial products and services, including mortgages, loans, and credit cards
- User-friendly online and mobile banking platforms
- Some customers may prefer a smaller, more localized bank with a stronger community focus.
Ally Bank – The Top Savings Account
When it comes to finding the best banks for businesses in Oklahoma, Ally Bank is a great option to consider. As an online and mobile-centric bank, Ally provides easy access to banking services, which can be especially beneficial for businesses that need to manage their finances on the go.
Ally Bank’s Online Savings Account is one of the top savings accounts available, offering a highly competitive 3.40% APY that compounds on a daily basis. This means that businesses can earn interest on their savings at a faster rate than with many other banks. In addition, Ally Bank does not charge any monthly fees or require a minimum deposit, making it a cost-effective choice for businesses of all sizes.
Why we chose it: Ally Bank’s combination of high savings rates, convenient online and mobile banking, and low fees make it a top choice for businesses in Oklahoma and beyond.
- High savings rates, especially with the Online Savings Account
- No monthly fees or minimum deposit requirements
- Easy online and mobile banking access
- FDIC-insured
- No physical branches for in-person banking services
- Limited account options compared to some larger banks
Recommended Bank Account for Businesses in Oklahoma City
We recommend RCB Bank and BancFirst for their tailored services, local knowledge, and personalized attention for businesses. BOK Financial offers a variety of business accounts and investments with a focus on innovative technology. Ally Bank provides online and mobile banking options with no monthly fees, making it a convenient and cost-effective choice for businesses.
