Business owners in Miami are faced with so many challenges and financial roadblocks during operations. These problems can be removed when these business owners partner with a credible Bank. These banks will offer their customers many solutions to ease business operations and increase productivity. Here are our top recommendations on banks to use for businesses in Miami.
Best Business Checking Account in Miami
Here are the best banks for business checking accounts in Miami:
- Chase Bank – Best Bank for Customer Rewards and Sign-up Bonus
- Axos Bank – Best Bank for High-interest Rate
- Bluevine – Best Bank for High Transaction Volume
- NBKC – Best Bank for Small Businesses Checking Accounts
Chase Bank tops our picks of best banks for businesses in Miami because of their amazing $300 sign-up bonus. No bank can match the incentive Chase bank offers for new business owners in Miami ml. In addition, they have an excellent integrated platform where you will get great service both online and offline.
Moreover, the Quick Deposit feature on their app allows you to scan and deposit checks without a problem. If your business receives high checks, you need to register for their multiple feed scanner which allows a deposit of 50 chances at once.
Why we chose it: Chase banks allow multiple cash deposits and you can qualify for free cash rewards depending on the volume. They have more than 450 branches in Miami and multiple ATM locations. You can also waive the monthly maintenance fee if you have a balance of at least $2000 daily.
- Excellent Quick Accept and Quick Deposit feature
- Many branches statewide
- $300 customer bonus
- $15 Monthly service fee
Axos is a top bank in Miami when it concerns high yields on savings and checking accounts. This is because they operate a high APY when compared with other banks in the city.
For business owners, you could also enjoy a business bonus once you engage in a specific number of transactions. However, before you can qualify for this business bonus, you should have a minimum of $2,500 in your account for at least three months.
Even if your business is old, you can still get a bonus of around $100. Business checking accounts up to $50 000 get 0.82% APY before the rates start decreasing. Interested Entrepreneurs who want a business interest checking account can open it with a deposit of at least $100.
Why we chose it: Axos banks offers a business checking account that processes your first 50 checks for free. However, the opening balance for such an account is $1000. Irrespective of all accounts opened with Axos you will be able to accept payments via ACH and Quickbooks.
- $200 business bonuses for new entrepreneurs
- High-yield earning checking account available
- Low account opening balance
- High minimum balance for waiving fees
- Few ATM locations
Bluevine is the best bank for people who are into numerous transactions. If your business engages in many deposits and withdrawals, then you need to open an account with Bluevine. They allow their customers to manage high-volume transactions and enjoy high APY.
Additionally, you can use Bluevine business checking to pay your bills and other vendors without incurring extra fees. Their business checking account doesn’t need you to maintain a specified balance and account holders don’t pay ACH fees.
Why we chose it: Bluevine doesn’t place restrictions on transaction volumes which makes their business checking account what you need today. Also, they have the biggest interest yields when compared to tithers. Customers can earn 1.3% APY on account if they spend $500 monthly, but if you dont you earn 0.50% APR.
- Easy bill and vendor payments
- Allows huge transaction volume
- High APR on balances up to $100,000
- Customers are charged $2.50 for using out-of-network ATMs
- $5 rate for cash deposit
NBKC makes it to our list because it offers small businesses a free business checking account. This account has no overdraft fee, transaction fees, or minimum requirements. An NBKC account holder also has access to their digital banking network which offers many financial products.
Another unique feature of this bank is that it offers cashback credit cards to its customers. These three cards are The Visa Business Cash Card, Smart Business Rewards Card, and Visa business Real card. Owners of these cards who accumulate points based on usage can enjoy some gift cards and travel merchandise.
Why we chose it: NBKC bank is an excellent business bank in Miami that offers numerous options to access your money. All domestic outgoing transfers are $5, but incoming wires are free. If you use Money pass ATMs, all cash deposits and withdrawals with an NBKC business card are free.
- Have some fee-free services
- Low fees for domestic wire transfers
- Have some cashback rewards on their credit card
- High international Incoming and outgoing wire transactions
Recommended Bank Account for Businesses in Miami
Our Top choices for the Best Bank for Business in Miami are NBKC, Axos, Chase Bank, and Bluevine. These banks are recommended because of their amazing services, cheap deposit and maintenance fees, great online banking features, and easy loan processing. Business owners in Miami who want a capable banking partner to grow their business should consider the above-mentioned options.