4 Best Banks for Businesses in Indianapolis in 2024

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    As a business owner in Indianapolis, there are challenges and financial hurdles you need to overcome. To effectively grow your business, you must choose a reliable banking partner that suits your needs. 

    The best banks will provide businesses in Indianapolis with many features to help them succeed. Keep reading if you want to know more about the top banks for business in Indianapolis.

    Best Business Checking Accounts in Indianapolis

    Business owners in Fort Worth need the best checking accounts, so we’ve compiled a list of the best banks with the best options. These are:

    Chase Business logo

    Chase Bank – Best Overall for Businesses

    Chase Bank has been a popular choice for businesses in Indianapolis for many years. With over 50 branches in Indianapolis, business owners can easily access their services. Chase Bank offers various business checking accounts that suit different business sizes and needs. 

    These include Chase Total Business Checking, Chase Performance Business Checking, and Chase Platinum Business Checking. Business owners can choose a checking account that best suits their needs based on their monthly transaction rate and account balance.

    Why we chose it: Chase Bank is the best overall bank for businesses in Indianapolis due to its widespread and various checking account options. They offer excellent customer service to customers at incredible speed. Their user-friendly mobile app allows business owners to make transactions and monitor their accounts easily.

    • Widespread presence in Indianapolis
    • Wide range of business checking accounts to choose from
    • User-friendly mobile app
    • Excellent customer service
    • High monthly fees for some checking accounts
    Huntington Bank logo

    Huntington Bank – Best Bank for Business Checking Accounts 

    Huntington Bank is a regional bank offering a free business checking account. The Huntington Unlimited Business Checking account has no monthly maintenance fees, transaction fees, and minimum balance requirements. Furthermore, the account offers unlimited transactions, including electronic transactions and wire transfers.

    Why we chose it: Huntington Bank’s free business checking account is a great option for small businesses in Indianapolis that want to save money on monthly fees. They also have an extensive network of ATMs and many branches in Indianapolis.

    • No monthly maintenance fees
    • No transaction fees
    • No minimum balance requirements
    • Unlimited transactions
    • Limited ATM network outside Indianapolis
    PNC Bank logo

    PNC Bank – Best for Free Online Banking

    PNC Bank is another great option for businesses in Indianapolis. They offer several business checking accounts, including Business Checking, Business Checking Plus, and Business Checking Preferred. 

    These accounts have various features, such as no monthly maintenance fees, free online banking, and unlimited transactions. Business owners can access their accounts using the PNC mobile app, which offers features like mobile check deposit and easy bill payment.

    Why We Chose It: PNC Bank is a great option for Indianapolis businesses, especially those needing flexible business checking accounts. Their various range of accounts caters to different business needs. Also, their user-friendly mobile app offers a range of features to make banking easier.

    • No monthly maintenance fees
    • Flexible business checking accounts
    • Easy-to-use mobile app
    • Limited network of branches in Indianapolis
    First Merchants Bank logo

    First Merchants Bank – Best for Small Business Loans

    First Merchants Bank is a great option for small business owners in Indianapolis looking for a bank that offers loans. They offer loan options, including lines of credit, equipment loans, and real estate loans. 

    First Merchants Bank also offers an SBA loan program to help businesses that don’t qualify for other loan options. In addition to its loan options, First Merchants Bank has a variety of checking and savings account options for businesses.

    Why we chose it: First Merchants Bank is a great option for small business owners in Indianapolis because of its loan options and personalized customer service. They have local decision-making, meaning loan decisions are made locally, allowing for a more personalized experience for their clients.

    • Personalized customer service
    • SBA loan program
    • Local decision-making
    • Limited branch locations outside of Indianapolis

    Recommended Bank Account For Businesses in Indianapolis

    Our top picks when it comes to banks for businesses in Indianapolis are Chase Bank, Huntington Bank, PNC Bank, and First Merchants Bank. With multiple branches throughout the city, these banks offer various business banking services to meet your needs. 

    They provide affordable fees and customized account options to fit the needs of your business. Their user-friendly digital banking platform makes managing your finances from anywhere easy. Plus, they have experienced business bankers on staff to help you with any financial questions or concerns.

    While their savings account interest rates may not be the highest, their overall services and accessibility make them a great choice for your business banking needs in Indianapolis. For an excellent banking experience, choose these banks as your financial partners.