Sections of this topic
Boston is a dynamic city home to various businesses, from small startups to large multinational corporations. As a result, businesses will need banks to help them achieve their financial goals; with many banks available, it might be quite challenging to choose. Here are the best banks for businesses in Boston.
Best Business Checking Accounts in Boston
The best banks with the best checking accounts for businesses in Boston are:
- Citizens Bank – Best for digital banking tools and technology
- Santander Bank – Best for international businesses and trade financing
- Eastern Bank – Best for community involvement and diversity
- TD Bank – Best for customer service and convenience
Citizens Bank – Best for digital banking tools and technology
Citizens Bank is a leading financial institution in Boston that offers a range of digital banking tools and technology solutions for businesses of all sizes. They offer comprehensive online and mobile banking services, including mobile check deposit, bill pay, and account management. Their cash management tools allow businesses to easily manage their cash flow, monitor transactions, and streamline payment processes.
Citizens Bank also offers remote deposit capture, which allows businesses to deposit checks from anywhere using a scanner or mobile device. In addition to its digital banking solutions, Citizens Bank strongly focuses on customer service, providing 24/7 support to business clients.
Why we chose it: Their digital banking tools and technology solutions make managing finances more efficient, allowing businesses to focus on growing and achieving their goals.
- A comprehensive suite of digital banking tools and technology solutions
- Strong focus on customer service and 24/7 support
- Cash management tools streamline payment processes and improve cash flow management
- Fees may be higher compared to other banks
- Limited physical branch locations for in-person banking needs
Santander Bank – Best for international businesses and trade financing
Santander Bank is a well-known financial institution in Boston that offers various banking services to businesses, including international businesses. Their strong international presence makes them an ideal choice for businesses with global operations or those looking to expand internationally.
Santander Bank offers a range of trade financing and international payment solutions to help businesses manage their finances globally. They also offer traditional banking services like checking and savings accounts, credit cards, and lending solutions.
With a focus on innovation and technology, Santander Bank provides businesses with digital solutions such as online banking, mobile banking, and cash management tools. However, like any bank, there are some cons to consider, such as potential fees and limited branch locations.
Why we chose it: Santander Bank is great for businesses looking for a reliable and trustworthy partner for their international banking needs.
- Strong international presence and trade financing solutions for businesses with global operations
- Innovative digital banking solutions and cash management tools
- Range of traditional banking services, including checking and savings accounts, credit cards, and lending solutions
- Potential fees associated with various banking services
- Limited branch locations for in-person banking needs
Eastern Bank – Best for community involvement and diversity
Eastern Bank is a leading financial institution in Boston committed to supporting the local community and promoting diversity and inclusion. They have a long history of involvement in local community events and initiatives.
Their focus on corporate social responsibility has earned them a strong reputation as a socially responsible bank. Eastern Bank offers businesses a range of banking services, including checking and savings accounts, lending solutions, and cash management tools. They are also strongly committed to diversity and inclusion, focusing on supporting minority-owned businesses and promoting economic empowerment.
Why we chose it: Their dedication to community involvement and diversity makes them ideal for businesses that prioritize social responsibility and want to partner with a bank that shares their values.
- Strong commitment to community involvement and social responsibility
- Focus on diversity and inclusion, particularly for minority-owned businesses
- Range of banking services, including lending solutions and cash management tools
- Potential fees associated with various banking services
- Limited physical branch locations for in-person banking needs
TD Bank – Best for customer service and convenience
TD Bank is a popular choice for businesses in Boston due to its commitment to customer service and convenience. They strongly focus on providing exceptional customer experiences, with extended hours and 24/7 customer support.
TD Bank also offers a range of digital banking solutions, such as online banking, mobile banking, and cash management tools, which provide added convenience for businesses on the go.
Additionally, they have a wide network of branches and ATMs, making it easy for businesses to access their services from almost anywhere. TD Bank offers various business banking services, including checking and savings accounts, lending solutions, and merchant services.
Why we chose it: TD Bank is excellent for businesses that value customer service and convenience.
- Strong commitment to customer service, including extended hours and 24/7 customer support
- Range of digital banking solutions for added convenience
- Wide network of branches and ATMs
- Potential fees associated with various banking services
- Some customers have reported issues with account fees and customer service in the past
Recommended Bank Account for Businesses in Boston
We recommend all these banks for businesses in Boston because they offer unique strengths and benefits that can meet the diverse needs of different businesses.
Citizens Bank stands out for its digital banking tools and technology, while Santander Bank offers excellent solutions for international businesses and trade financing.
TD Bank is known for its customer service and convenience, and Eastern Bank is strongly committed to community involvement and diversity.
