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Dallas, the commercial and financial hub of North Texas, is home to a thriving business community with diverse needs. With different banks, searching for the best one that suits your business needs might be overwhelming. Here are the best banks for businesses in Dallas.
Best Business Checking Accounts in Dallas
The best banks with the best checking accounts for businesses in Dallas are:
- Comerica Bank – Best for Middle Market Business Banking
- Frost Bank – Best for Customer Service
- Wells Fargo – Best for Free Unlimited Deposits and Withdrawal
- BBVA – Best for Business Banking Freebies
Comerica Bank – Best for Middle Market Business Banking
Comerica Bank provides many business solutions and services, such as treasury management, credit solutions, and investment banking services. Comerica Bank has over 60 branches in the Dallas area and provides an extensive ATM network, making it easily accessible for business owners.
In addition to its services, Comerica Bank has a team of dedicated relationship managers to help middle-market business owners navigate the complexities of the banking world. These managers work closely with clients to develop customized solutions for their needs. Comerica Bank’s online banking platform is also user-friendly and allows for easy account management.
Why we chose it: Comerica Bank was chosen as the Best for Middle Market Business Banking due to its extensive experience working with mid-sized businesses and offering customized financial solutions to meet their specific needs.
- Specializes in middle-market businesses
- Large network of branches and ATMs in Texas and other states.
- Offers a variety of business banking products and services.
- It may not be as competitive in terms of fees and rates compared to other banks.
- Limited international presence
Frost Bank – Best for Customer Service
Frost bank has a reputation for exceptional customer service and has consistently been recognized for its efforts in this area. With over 150 branches throughout Texas, including several in Dallas, Frost Bank provides a significant physical presence. The bank also offers online and mobile banking services, making it easy for customers to manage their accounts remotely.
Frost Bank also offers a range of small business banking services, including checking and savings accounts, business loans, credit cards, and cash management services.
Why we chose it: We chose Frost Bank due to its exceptional customer service ratings, which have consistently placed the bank at the top of customer satisfaction.
- Excellent customer service with personal attention and local decision-making.
- Wide range of business banking services and products, including treasury management and merchant services.
- Over 150 locations in Texas, including several in the Dallas area.
- Robust online and mobile banking platforms.
- Limited physical presence outside of Texas.
- May not offer the highest interest rates on savings and checking accounts compared to online-only banks.
Wells Fargo – Best for Free Unlimited Deposits and Withdrawal
Wells Fargo offers free and unlimited deposits and withdrawals, making it an excellent choice for businesses that handle large volumes of cash transactions. Also, Wells Fargo provides various banking services, including online and mobile banking, business credit cards, and cash management solutions.
The bank also offers various lending options to help businesses grow, such as term loans, lines of credit, and commercial real estate loans. With over 5,400 branches nationwide, Wells Fargo is a convenient choice for businesses needing banking services across multiple locations.
Why we chose it: Wells Fargo offers free unlimited deposits, and withdrawals are a major selling point for small businesses with high transaction volumes.
- Wide network of branches and ATMs for easy access to banking services
- Multiple business account options to suit different needs
- Free unlimited deposits and withdrawals on select business accounts
- Offers business credit cards with rewards programs
- Robust online banking platform and mobile app
- Wells Fargo has faced several scandals in recent years, which may be a concern for some customers
- Some fees associated with business accounts may be higher than those of other banks
BBVA – Best for Business Banking Freebies
BBVA offers a range of free services, including free online banking, mobile banking, and bill pay. Also, BBVA provides free business checking accounts, which have no monthly fees and unlimited transactions.
For businesses looking to save money, BBVA also offers free ATM usage at BBVA ATMs and rebates for fees charged at non-BBVA ATMs. BBVA’s customer service is also top-notch, with business specialists available to assist with all banking needs.
Why we chose it: BBVA is excellent for businesses looking for cost-effective banking solutions with plenty of freebies.
- Offers a range of free business banking services and tools, including unlimited transactions and cash deposits
- Provides a user-friendly mobile app and online banking platform for easy account management
- Offers a variety of business loan options and specialized financial services for different industries
- Limited branch network in some regions compared to other national banks
- Some customers report difficulties with customer service and resolving issues
Recommended Bank Account for Businesses in Dallas
We highly recommend Comerica Bank, Frost Bank, Wells Fargo, and BBVA as top choices for businesses in Dallas. Each bank offers unique features and perks that benefit business owners in Dallas. Consider your business needs and priorities to determine which bank best suits you best.
