As one of the largest and most diverse cities in the United States, Houston is a hub for businesses of all sizes and industries. Whether you’re just starting or looking to expand your operations, finding the right bank can be crucial to your success. Take a look at the best banks for businesses in Houston.
Best Business Checking Accounts in Houston
The best banks with the best checking accounts for businesses in Houston are:
- Wells Fargo – Best for Its Business Resource Tool
- BBVA USA – Best for Providing Business Support
- Bank of America – Best for Free Unlimited Deposits and Withdrawal
- Comerica Bank – Best for Business Banking Freebies
One of Wells Fargo‘s main strengths is its extensive business resource tools, which can help businesses stay on top of their finances and manage their operations more effectively. These tools include online banking services, mobile apps, and cash flow management tools.
Wells Fargo also offers resources to help businesses stay updated on the latest industry trends and best practices, including educational resources, webinars, and workshops. With its comprehensive set of resources, Wells Fargo is an excellent choice for businesses looking to optimize their financial management processes.
Why we chose it: We chose Wells Fargo as the best bank for its business resource tools in Houston due to its extensive range of online and mobile banking services, cash flow management tools, and educational resources that can help businesses optimize their financial management.
- Wide range of business resource tools and services
- Convenient mobile and online banking options
- Access to a large network of branches and ATMs
- Specialized business banking advisors and support
- Some fees can be higher compared to other banks
- Limited international banking services
BBVA USA offers a range of business banking services tailored to the needs of small and medium-sized businesses, including business checking and savings accounts, loans, lines of credit, and cash management solutions.
BBVA USA also provides online and mobile banking tools to help businesses manage their finances from anywhere and offers a team of experienced business bankers to assist with financial management and growth strategies.
Moreover, BBVA USA’s Business Mobility Checking account, which has no monthly maintenance fee and offers cash-back rewards for debit card purchases, is a unique feature that can be particularly beneficial for small businesses looking to maximize their earnings.
Why we chose it: We chose BBVA USA for providing business support in Houston because of its tailored business banking services, experienced business bankers, and online banking tools.
- A wide range of business banking services tailored to the needs of small and medium-sized businesses
- Online and mobile banking tools to manage finances from anywhere
- Experienced business bankers assist with financial management and growth strategies
- Business Mobility Checking account with no monthly maintenance fee and cash back rewards for debit card purchases
- Limited branch locations in Houston compared to other banks
- Some fees may apply, such as overdraft fees and wire transfer fees
Bank of America offers a range of business banking solutions well-suited for small businesses in Houston. Its Business Fundamentals Checking account allows unlimited deposits and withdrawals without fees, making it an attractive option for businesses with frequent cash flow transactions.
Bank of America offers a suite of online and mobile banking tools, including online bill pay and mobile check deposits, which can help small business owners manage their accounts on the go. Bank of America also provides free access to business specialists who can offer guidance and support on various topics, including cash flow management, financing options, and more.
Why we chose it: Bank of America is a great choice for businesses in need of free unlimited deposits and withdrawals, thanks to its extensive network of ATMs and branches.
- Wide network of ATMs and branches for easy access to banking services
- Offers a variety of business checking accounts to fit different needs and sizes of businesses
- Mobile apps and online banking platforms are user-friendly and offer many features for convenient banking
- Free unlimited deposits and withdrawals for most business checking accounts
- Monthly fees on some business checking accounts can be high, although they can be waived with certain requirements
- Foreign transaction fees and other fees may apply to international transactions
One of the free services Comerica Bank offers is free checking with no monthly maintenance fees, including unlimited transactions, bill payments, and online banking. Comerica offers free business debit cards, incoming domestic wire transfers, and a free small business financial review.
Also, Comerica has a range of online tools and resources to help business owners manage their finances more efficiently. These include cash management tools, online invoicing and payments, and mobile banking.
Why we chose it: As a bank that offers various incentives and freebies for business customers, Comerica Bank stood out as the best option for those looking for added value.
- Offers a wide range of business banking products and services, including lending, treasury management, and investment services
- Provides free online and mobile banking, allowing for easy account management and transactions
- Offers a rewards program for business credit card users, providing cash back or points for purchases made
- Monthly fees can be high, especially for smaller businesses or accounts with lower balances.
- Some customers have reported poor customer service experiences, including long wait times and unresponsive representatives.
Recommended Bank Account for Businesses in Houston
Wells Fargo, BBVA USA, Bank of America, and Comerica Bank are the best banks for businesses in Houston. Each bank offers unique features and benefits that best fit the needs and preferences of businesses. Choose one of these banks to grow your business today.