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Finding the right banking partner is essential for small business success in Maine. Whether you’re running a local shop in Bangor or launching a startup in Portland, the right bank can streamline your finances and support your growth.
Our top picks for 2025 include Bluevine, Lili, and Novo, digital-first options known for low fees, intuitive mobile apps, and business-friendly features. We’ve also highlighted strong regional and national banks that offer great support, lending options, and local expertise.
No matter your industry or goals, this list will help you find the best fit for your business banking needs in Maine.
>> Earn Up to 3.7% APY: See Which Bank Offers It Now! >>
Best Banks for Small Business in Massachusetts (2025)
- Bluevine – Best Overall Online Bank in Massachusetts
- Lili – Best for Simple, Low-Cost Banking for Freelancers
- Novo – Best for Digital Entrepreneurs & Independent Creators
- Grasshopper – Best for Startup-Friendly Business Banking
- nbkc Bank – Best for Fee-Free Business Checking Accounts
- Chase Business Banking – Best for Full-Service Financial Tools & Local Branch Access
- Found – Best for Solo Business Owners & Self-Employed Professionals
- Mercury – Best for Tech Startups & Scalable Operations
- Live Oak Bank – Best for SBA Loans & High-Yield Business Savings
- Wise Business Banking – Best for International Payments & Multi-Currency Accounts
Bluevine – Best Overall Bank for Small Businesses in Maine
Bluevine stands out in 2025 as a top choice for small businesses across Maine looking for a flexible, digital-first banking solution. With no monthly fees, unlimited transactions, and a high-yield business checking account, it’s perfect for business owners who want to manage finances remotely, from Portland to Presque Isle.
Its platform enables mobile check deposits, bill pay, and simple vendor transfers, all built to streamline operations without the overhead of a traditional branch experience.
Why We Chose It
Bluevine offers Maine entrepreneurs and small business owners the perfect mix of automation, interest earnings, and fee-free banking, ideal for LLCs, freelancers, and startups alike.
- Earn up to 3.7% APY on eligible balances
- No monthly maintenance or overdraft fees
- No minimum deposit to open an account
- No business savings account
- No ATM fee reimbursements
- $4.95 Green Dot cash deposit fee
Mobile Banking
The Bluevine app empowers Maine business owners to bank on the go, pay bills, manage cash flow, and transfer funds from anywhere.
>> Bluevine: Trusted by 750K+ Businesses >>
Lili – Best for Simple, Low-Cost Banking in Maine
Lili is a strong fit for freelancers, independent contractors, and creatives across Maine who want streamlined, mobile-first banking with minimal fees. The standard account has no monthly charges and includes access to over 38,000 fee-free ATMs, perfect for self-employed Mainers.
Upgrading to Lili Pro ($9/month) unlocks tools like automated tax savings, invoicing, and a high-yield savings account offering up to 4.15% APY, helpful for managing both business and personal funds in one place.
Why We Chose It
Lili helps Maine’s independent workers save time and money with built-in tools for banking, taxes, and budgeting, all in one sleek app.
- Earn up to 4.15% APY with Lili Pro
- No fees on standard accounts
- Integrated invoicing and tax features
- Easy, paperless account setup
- No in-person support or physical branches
- No joint or multi-user accounts
- Retail cash deposits may come with fees
Mobile Banking
With Lili’s app, freelancers across Maine can issue invoices, track expenses, and manage savings, all from their phone.
>> Open Your Lili Account Today! >>
Novo – Best for Freelancers and Digital Entrepreneurs in Maine
Novo is an excellent option for freelancers, consultants, and online business owners in Maine who want fast, reliable digital banking. With no monthly fees or minimum balance requirements, it offers seamless integration with apps like Shopify, Stripe, QuickBooks, and more.
While it lacks cash deposit support and physical branches, Novo compensates with unlimited ATM reimbursements and features like invoicing, expense tracking, and budgeting “reserves.”
Why We Chose It
Novo gives Maine-based solopreneurs a modern, plug-and-play banking platform designed to work alongside the tools they already use.
- No monthly fees or minimum balance
- Unlimited ATM fee reimbursements
- Strong integrations with popular business apps
- Free invoicing and budgeting tools
- No interest earnings on balances
- No support for cash deposits
- No lending or savings products
Mobile Banking
Novo’s mobile dashboard helps Maine entrepreneurs manage payments, invoices, and app integrations, anytime, anywhere.
>> Open Your Novo Account Today! >>
Grasshopper – Best for Startup-Friendly Banking in Maine
Grasshopper is designed for Maine startups and digital-first entrepreneurs who need a modern, streamlined approach to business banking. While it doesn’t offer branches or ATM access, its tech-forward platform provides invoicing, automated payments, and real-time cash flow tools that help early-stage businesses stay agile.
Its simplicity, automation, and clean interface make it a great fit for founders across Maine, from Portland to Bangor, who want to move fast without unnecessary overhead.
Why We Chose It
Grasshopper meets the needs of Maine-based startups looking for intuitive, digital-first banking built for growth and speed.
- Smart tools for invoicing and vendor payments
- Clean, mobile-first interface
- Built to integrate with startup-friendly platforms
- Requires linking to an external bank account
- No ATM, lending, or savings products
- Limited options for cash-heavy businesses
Mobile Banking
Grasshopper’s app helps Maine entrepreneurs manage payments, monitor spending, and automate tasks, all from their phone.
>> Explore Grasshopper Banking >>
nbkc Bank – Best for Fee-Free Business Checking in Maine
Though headquartered in Kansas City, nbkc Bank is a solid nationwide choice for Maine small business owners who want a low-cost, no-hassle banking experience. With no monthly maintenance fees, no minimum balance, and free domestic wires, it’s great for businesses focused on efficiency and savings.
With access to over 90,000 fee-free ATMs and a full-featured mobile platform, nbkc offers big-bank features without the typical fees, perfect for remote-first or digital businesses throughout Maine.
Why We Chose It
nbkc offers Maine business owners a transparent, low-fee banking solution with robust online functionality and no hidden costs.
- No monthly fees or minimum balance
- Free domestic wires and unlimited transactions
- Access to 90K+ surcharge-free ATMs
- No physical presence in Maine
- No dedicated business savings options
- Limited product offerings beyond checking
Mobile Banking
nbkc’s mobile app allows Maine business owners to handle deposits, transfers, bill pay, and transaction tracking wherever they go.
>> Open an nbkc Bank Account Today! >>
Chase Business Banking – Best for Full-Service Banking in Maine
Chase is a strong pick for small businesses in Maine looking for full-service banking with the backing of a national brand. While its branch coverage is more limited in the northern parts of the state, Chase locations in southern Maine, including Portland and nearby areas, make in-person banking accessible.
With the Chase Business Complete Banking® account, businesses can accept card payments through QuickAccept®, get same-day access to funds, and tap into a wide range of services like loans, payroll, credit cards, and merchant tools.
Why We Chose It
Chase delivers a powerful mix of digital tools and in-person support, giving Maine businesses access to comprehensive services all under one roof.
- Accept card payments and access funds the same day
- National ATM and branch network
- Business loans, cards, and merchant services available
- Waivable monthly fee
- $15 monthly fee unless requirements are met
- Limited free monthly transactions (20)
- Low interest on deposits
Mobile Banking
Chase’s app makes it easy for Maine business owners to manage accounts, accept payments, and collaborate with team members on the go.
>> Get Started With Chase Business Banking >>
Found – Best for Solo Business Owners in Maine
Found is a mobile-first banking solution built for freelancers, gig workers, and independent contractors across Maine. With no monthly fees, unlimited transactions, and built-in tools for taxes, invoicing, and expense tracking, it simplifies financial management for the self-employed.
While it doesn’t support cash deposits or interest-bearing accounts, Found offers a clean, all-in-one platform that helps solo professionals, from Portland creatives to remote workers in Bar Harbor, stay organized and tax-ready year-round.
Why We Chose It
Found gives Maine solopreneurs an intuitive platform to manage income, expenses, and taxes with zero fees and zero hassle.
- No monthly fees or balance requirements
- Built-in tax automation and invoicing tools
- Unlimited transactions with mobile-first setup
- Simple, freelancer-friendly dashboard
- No interest on balances
- No support for cash or check deposits
- No credit, savings, or lending options
Mobile Banking
Found’s mobile app helps Maine’s self-employed track income, categorize expenses, invoice clients, and set aside tax funds, anytime, anywhere.
>> Open Your Found Account Today! >>
Mercury – Best for Tech Startups in Maine
Mercury is a sleek, digital banking platform designed for tech startups and remote-first teams, making it an ideal fit for innovation-driven businesses across Maine. From Portland’s emerging tech scene to virtual teams statewide, Mercury offers no-fee banking, multi-user access, and seamless software integrations.
It’s not built for in-person or cash-heavy businesses, but with tools like custom user roles, free wires, and integrations with Stripe, Xero, and QuickBooks, it’s a startup-friendly solution.
Why We Chose It
Mercury helps Maine startups stay agile with digital-first banking, modern features, and a frictionless setup, no branches or hidden fees.
- No account fees or minimums
- Multi-user access and permission controls
- Free domestic wire transfers
- Strong integrations with business software
- No APY or interest-earning features
- No ATM or cash handling
- No in-person service
Mobile Banking
Mercury’s mobile app allows Maine startup founders to manage accounts, transfer funds, and collaborate with team members securely, anytime, anywhere.
>> Get Started With Mercury >>
Live Oak Bank – Best for SBA Lending & High-Yield Savings in Maine
Live Oak Bank is a top choice for SBA and USDA loans, offering remote-friendly banking for small businesses across Maine. Whether you’re in Portland, Augusta, or a rural town, Live Oak’s experience in lending and high-yield savings options, earning around 3.5% APY, makes it a strong choice for funding and growth.
Though it doesn’t offer physical branches or everyday banking tools, it provides Essential Checking with no monthly fees and FDIC-insured sweep coverage up to $10 million.
Why We Chose It
Live Oak offers Maine businesses deep lending expertise and excellent savings potential in a fully digital package.
- Competitive savings and CD interest rates
- SBA and USDA loan specialists
- No monthly checking fees
- Cash sweep protection up to $10M
- No in-person service or cash deposits
- Limited app functionality for daily banking
- Few accounting or FinTech integrations
Mobile Banking
Live Oak’s online portal allows Maine business owners to manage savings and loan activity remotely, though its mobile app is limited for everyday use.
>> Explore Live Oak’s Lending & Savings Options >>
Wise Business – Best for Global Payments in Maine
Wise Business is an excellent solution for Maine-based freelancers, remote teams, and companies that handle international transactions. Supporting over 50 currencies with mid-market exchange rates and transparent fees, it helps you manage global payments with ease and confidence.
While it doesn’t offer loans or interest-earning products, Wise is ideal for cross-border businesses, especially those in e-commerce or digital services, operating from cities like Portland or Bangor to clients across the globe.
Why We Chose It
Wise makes global finance easy for Maine businesses, offering low-cost transfers, multi-currency accounts, and real-time conversion tools, all in one platform.
- Real-time FX rates and multi-currency accounts
- Transparent, low-cost international transfers
- Supports freelancers and global businesses
- Works with over 50 currencies
- No APY or lending options
- Not suited for cash-heavy operations
- Limited U.S.-centric business tools
Mobile Banking
The Wise app enables Maine professionals to manage global payments, monitor FX rates, and access balances in multiple currencies, all on the go.
>> Open Your Wise Business Account Today! >>
How to Choose the Best Bank in Maine for Your Small Business
Selecting the right bank in Maine for your small business means understanding your unique financial needs and finding a bank that fits your operations. Whether you’re starting a new venture in Portland, managing a family business in Bangor, or freelancing from Bar Harbor, here’s a straightforward guide to help you make a confident banking choice:
- Explore Your Banking Options: Maine business owners can choose from large national banks, regional community banks, credit unions, and digital-first Fintechs. Traditional banks provide local branches and personal service, while online banks typically offer lower fees and mobile-first convenience. Pick the banking style that suits your business workflow and location.
- Identify the Right Business Accounts: Business banking differs from personal accounts. Consider what you need most: business checking, savings, merchant services, credit access, or interest-earning accounts. Look for banks that offer tools and accounts that match your daily cash flow and growth plans.
- Watch Out for Fees: Many banks charge monthly fees, transaction limits, or deposit charges. Seek out Maine banks, especially credit unions or online options, with low- or no-fee accounts. Be sure to understand any requirements to waive fees, like minimum balances or monthly activity.
- Consider Access and Convenience: If your business handles cash or you prefer in-person service, choose banks with branches near you or large ATM networks. For digital businesses, focus on banks with ATM fee reimbursements and reliable online customer support.
- Look for Business-Friendly Features: The best banks for Maine small businesses provide value-added tools like invoicing, mobile check deposits, integrations with accounting software, business credit cards, or early payment options. Choose a bank whose features fit your business style, not just flashy marketing.
- Evaluate Customer Service and Support: Responsive customer service can save time and hassle. Check reviews, app ratings, and support availability. Strong local or virtual support helps keep your business finances running smoothly.
- Read the Fine Print Carefully: Before opening accounts, confirm FDIC or NCUA insurance and review fees, transaction limits, interest rates, and bonus terms. Knowing the details helps avoid surprises.
- Consider Full-Service Capabilities: If you want a one-stop financial partner, look for banks offering loans, credit lines, equipment financing, payroll, or investment services. Having a comprehensive banking relationship can simplify your business finances as you grow.
Frequently Asked Questions (FAQs)
Still have questions about finding the best bank for your small business in Maine? Here are answers to some of the most common concerns to help guide your decision.
>> Check Out Bluevine Business Account >>
Conclusion – Best Banks for Small Business in Maine 2025
From streamlined digital platforms to established local banks with deep community ties, Maine offers a diverse range of business banking options designed to support small business success.
Whether you’re looking for low fees, strong mobile features, or personalized service, there’s a bank in Maine that fits your business style. Online options like Bluevine and Lili are ideal for tech-savvy entrepreneurs, while institutions like Bangor Savings Bank and Camden National Bank offer trusted local support and business-friendly solutions.
No matter your goals, managing cash flow, simplifying operations, or planning for growth, Maine’s top banks are ready to help you build a solid financial foundation.
>> Open Your Bluevine Account Today! >>
Jonathan is a seasoned content writer with deep expertise in career development, job search strategies, and professional growth. With a keen ability to craft insightful and engaging content, he has helped countless professionals navigate their careers with confidence. His work focuses on resume optimization, interview preparation, and industry trends, making him a trusted voice in career coaching and development.
