Most banks claim to offer the best banking solution ever so it can be challenging for business owners to filter through the noise and choose a bank to work with. But it doesn’t have to be. We have done thorough research, and have come up with a list of the best banks for small businesses in Nebraska. Keep reading
Quick View of the Best Bank for Small Businesses in Nebraska
- Bluevine: Best Overall Bank for Small Businesses
- Capital One: Best For Low Bank Charges
- Lili: Best For Financial Planning Tools
- U.S. Bank: Best For Small Business Loans
- Oxygen: Best for Fully Online Banking
- Axos: Best For Competitive APY Interest Rate
- Bank of America: Best For Integrating Financial Management And Tracking Tools
- Chase Bank: Best For Offline and Online Banking
There are multiple factors business owners check when choosing a bank for their business, and we’ve assessed these banks based on those features. First, we made sure that the offline Banks on our list had enough brick-and-mortar locations in Nebraska.
Then we analyzed all the banks in terms of transaction charges, monthly maintenance fees, minimum requirements, and annual interest rates. We also checked for the banking products they offered and whether they allow integrations for extra features.
Also, we checked if they support online banking services and have loan opportunities for small businesses. Plus, we investigated if they offer sign-up bonuses or cash-back rewards.
Click here for a more detailed explanation of our methodology.
Pricing (Per Month)
Access to Mobile Banking
$4.95 per cash deposit, $2.50 for out-of-network ATM fees, $15 for outgoing wires
Pay vendors by wire or check, schedule payments, manage cash flow
$15 per incoming domestic wire, $25 for outgoing domestic wire
Access credit card accounts, transfer money, deposit checks, access bank statements, access to CreditWise service
$0.50 fee for transactions after the first 125, fees at out-of-network ATMs
$500 for business savings
Transfer funds, view documents, find branch/ATM locations, manage cards
Out-of-network ATM fees, fees for excessive deposits
Up to 0.04% APY
Manage accounts, pay and transfer, digital wallets, bill pay
$2.5 for out of network
Manage finances and payments, control expenses, and save money for taxes
$25 to $40 for wire transfers, $0.40 per transaction (after the first 20)
Up to 0.02% APY
Fraud monitoring, card control, pay, and transfer, view offers
$35 for wire transfer
Fund transfer, wire transfer, bill payment.
$3 for out-of-network ATM fee, fees for international transactions, $5 international ATM fee, fees for Ingo mobile check deposit
Check deposit, bill payment, check deposit, account statement
Bluevine is an excellent choice for Nebraska business owners that wants to conveniently set up a bank account for their business. They offer a fully online banking system with zero minimum balance requirements, zero monthly maintenance fees, and unlimited digital transfers. Bluevine also allows small businesses in Nebraska to access loans without having the credit score or history required by traditional Banks.
Why we chose it: High-interest rates, minimal fees, and a lack of maintenance requirements make Bluevine the best business bank account for LLCs or other business types.
- High-interest rates
- Very few fees
- No minimum deposit required
- No business savings account
- No ATM reimbursement
- Fee for cash deposits
You won’t find any monthly fees when using Bluevine, making it possible to bank without ever paying a dime. Expect charges for using out-of-network ATMs, making the mobile app a valuable tool for finding free withdrawal sites. Each cash deposit will set you back $4.95, making this a tool you want to use sparingly if at all.
Bluevine comes through in a big way with its 2.0% APY. The rate is 50 times the current national average and applicable on balances up to $100,000. Once your small business’s balance grows beyond this amount, those extra funds won’t accrue any interest.
There’s no minimum balance requirement for using Bluevine, no matter how much you have in your account. Small businesses can start with next to nothing and take immediate advantage of the high-interest rate.
Access to Mobile Banking
The Bluevine mobile app makes banking from anywhere a breeze. The thoroughly-designed tool makes it easy to manage your accounts and see where your money is going. It’s also possible to pay vendors by wire or check and schedule payments for fulfillment down the road.
Capital One is top-rated when it comes to stressless banking, and for business owners, this could mean opening a business checking account in just 5 minutes.
With the Capital One mobile app users have access to 24/7 online bill payments, unlimited transfers, and free bank statement reports.
Best of all, they charge zero fees for unlimited transfers, zero fees for a bank overdraft, and offer a waivable monthly maintenance fee.
Also, their 360 Checking account comes with benefits like Early Paychecks, FDIC Insured secure banking, and Over 70000 free-fee ATMs.
Why we chose it: With no limits on digital transfers, Capital One gives you the freedom to keep funds moving.
- Unlimited digital transfers
- Does not charge overdraft fees
- Large ATM network
- Limited physical locations
- Monthly account fee
- Out-of-network ATM fees
Capital One’s business accounts come with a $15 monthly fee that can be hefty for a small business. Luckily, you can waive this fee by keeping an average balance of $2,000 over a 30 or 90-day window. There’s no charge for using one of Capital One’s 70,000 ATMs nationwide.
Opening up Capital One’s business savings accounts unlocks interest rates of up to 0.20% for your first year. This amount applies to balances up to $5 million, giving small businesses plenty of wiggle room. None of the bank’s checking accounts offer any interest, making free digital transfers that much sweeter.
You don’t need to keep a minimum balance with Capital One to keep your account open. It is in your best interest to maintain at least $2,000 in your checking to avoid the $15 monthly service fee. Keeping extra funds in your savings account allows you to generate some interest on money not currently in use.
Access to Mobile Banking
Since you won’t find many physical Capital One locations, the bank’s top-rated mobile app comes to the rescue. With it, you can do all your transfers, make digital payments, and deposit money with your device’s camera. The app also gives you access to Capital One’s CreditWise service to monitor your credit score and hear cool tips.
U.S Bank is the perfect bank for small businesses looking for extra loans to run their businesses, as they offer various loan opportunities. For instance, with U.S Bank, business owners have access to Quick Loans of up to $250,000 or Long Term Loans of up to $1 million.
They also offer multiple bank products specifically for businesses such as Business Checking Merchant Services, Business Credit Cards, Cash Management, and Payroll Services. Their minimum balance requirement is only $500, but they charge $0 for the monthly maintenance fee.
Why we chose it: Small businesses in need of extra funds can turn to U.S. Bank for a plethora of lending options.
- Lending to fit your needs
- Specialized merchant services for restaurants, retailers, and service providers
- 2,400 branch locations
- Charges for overdrafts
- Relatively low APY
- Only has locations in 28 states
You’ll never have to worry about monthly fees when using U.S. Bank’s silver checking package for small businesses. Higher-tier accounts do have waivable monthly fees to contend with as your company grows. You’ll just need to keep tabs on monthly transactions to ensure you don’t incur charges for exceeding the monthly limit.
U.S. Bank’s checking accounts do not come with any options to generate interest. While savings plans come with different perks, the current maximum interest rate is just 0.01%. Although a minimal amount, there is no balance cap to what you can earn.
There’s no minimum balance requirement when starting with U.S. Bank’s silver account package designed specifically for small businesses. Other checking accounts have waivable fees should you keep up with the necessary balance amounts. Savings accounts start at a $500 minimum balance to remove service fees.
Access to Mobile Banking
If you find yourself away from one of U.S. Bank’s physical locations, you can perform all your banking through the mobile app. It’s possible to seamlessly transfer funds from one account to another and stay up to date with your financial status. The U.S. Bank will also keep you informed with customized alerts.
As a business owner managing and keeping track of your financial transactions can be overwhelming. But with Bank of America, merchants can get access to top-rated financial data management and tracking software such as Zelle, Cash Flow Monitor, Mobile Check Deposits, Quickbooks, and more.
Aside from its top-notch online banking products, Bank of America has a strong offline banking system with over 4,000 branches and over 17,000 ATMs nationwide. BOA also has small-business-specialized customer support designed to help business owners with their financial transaction challenges.
Why we chose it: Bank of America’s rewards come with several perks to make banking a win-win for all parties involved.
- Preferred rewards to boost interest rate
- Over 17,000 ATMs and 4,300 branches
- Can waive the monthly fee
- Lacks 24/7 customer service
- Monthly fees
- Transaction fees when using non-Bank of America ATMs
Bank of America’s introductory checking account comes with a $16 monthly fee. You can negate this amount by maintaining a $5,000 monthly balance, spending at least $250 on your debit card, or becoming a Preferred Rewards member. The only other fees to watch out for come from out-of-network ATM withdrawals and charges for excessive deposits in a given month.
Most small businesses opening a savings account will earn 0.01% interest out of the rate. It is possible to increase this to 0.04% with enough activity in Bank of America’s rewards system. There’s no option to accrue interest with a Bank of America checking account.
Keeping an average monthly balance of $5,000 in your checking account will remove the $16 service fee. Similarly, you’ll want to have at least $2,500 in your savings account to avoid a $10 monthly charge there.
Access to Mobile Banking
Bank of America’s mobile app consistently earns high honors for its functionality. Within, you can manage your accounts, pay bills, or transfer funds from any location. You can also make use of the budgeting tool to monitor expenses and control spending.
Axos is a fully online banking platform that is popular among business owners in Nebraska. Plus they’ve been rated a plus by the Better Business Bureau (BBB). While they make it easy for small business owners to open a business checking account, they also offer a competitive enticing APY interest rate across all their business accounts. Axos small business interest checking accounts offer up to 1.0% APY with zero monthly maintenance charges.
Also, their money market accounts such as Business Premium Savings, Business Savings, Business Money Market, and Nonprofit Market attract up to 0.20% APY respectively.
Why we chose it: Free cash deposits and a low fee structure make Axos Basic Business Checking one of the best business bank accounts out there.
- No monthly fee and unlimited transactions.
- Unlimited domestic ATM fee reimbursements.
- Cash deposits via MoneyPass and AllPoint ATMs.
- Welcome bonus for new customers (terms apply).
- 24/7 customer support.
- No third-party app integrations.
- Interest checking APY is good, but not great
Axos Bank Basic Business Checking does not charge a monthly maintenance fee or impose requirements on keeping your account open. You’ll receive back any ATM fees you incur each month, making this account effectively free to use. If you plan to spend a lot of wire transfers, be aware of Axos’s $35 charge for each one.
This particular account does not have an annual percentage yield and instead focuses on business perks. Anyone with extra money can open up one of Axos’s interest-bearing business savings accounts and accrue interest that way.
Axos Bank has no minimum balance requirements for its checking and savings accounts. As a small business owner, you do not need to maintain a certain balance to avoid monthly fees. This makes Axos an attractive option for you if you do not have a large amount of money to keep in your account.
Access to Mobile Banking
Axos Bank offers a robust mobile banking app that allows customers to manage their accounts, deposit checks, transfer funds, pay bills, and wire transfer all from their mobile devices. You can also use the account alerts feature and budgeting tools to stay on top of your finances.
Lili Bank makes it easy for small businesses in Nebraska to execute all their financial-related activities in one platform. They offer tons of powerful digital tools for sending and receiving invoices, organizing expenses, and automating tax savings.
Opening a business account with Lili is easy, as they’re a fully digital banking app that offers zero minimum balance requirement, and zero monthly maintenance fees, and you don’t have to worry about any hidden fees. Best of all Lili Bank also offers a mouth-watering APY of 1.5% and multiple cash-backs.
Why we chose it: Lili’s minimal fees and tax optimization software help businesses hold onto hard-earned income. Plus, if you’re looking for an online best business checking account with no credit checks, Lili is a great option.
- No fees, minimum balance requirements, or minimum opening deposit.
- Unlimited fee-free transactions.
- Fee-free ATM access through the MoneyPass network; ability to deposit cash through the Green Dot network.
- Integrated tools for managing expenses and planning for taxes.
- Offers an early payment feature with direct deposit, allowing you to receive funds up to two days sooner than you might with a traditional bank account.
- Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
- No checkbooks; can’t send or receive wire transfers.
- Limited business-related features, e.g., doesn’t offer joint accounts, multiple business debit cards, or third-party integrations.
While Lili shines for its free tax software, business owners can also rejoice over a lack of account and overdraft fees. You won’t even incur a charge for foreign transactions or at over 38,000 in-network ATMs in the United States. If you end up using an out-of-network machine, expect a charge between $2.50 and $5.
There is no interest on Lili’s Business Checking account. Those willing to pay can access a savings account with 1.5% APY, but you’ll need at least $34,000 in your account at all times to offset the monthly cost.
Lili Bank has a no minimum balance requirement for its checking account, which means that you do not need to maintain a certain balance to avoid monthly fees. This makes it a good option if you are just starting your business or have a fluctuating income.
Access to Mobile Banking
Lili Bank offers a mobile banking app that is specifically designed for freelancers and small business owners. The app allows you to manage your finances, including controlling expenses, saving money for taxes, and managing payments, all from your mobile devices. Plus, the app includes features such as instant payment notifications, budgeting tools, and the ability to make mobile check deposits.
Oxygen Bank makes it to our top pick list because of the specialized fully online banking services they provide for online entrepreneurs and freelancers. For instance, users can easily open their business LLC within the app, create a virtual credit card for their online transactions, and enjoy zero fees on peer-to-peer transfers, wire transfers, and Direct deposits. Oxygen also offers multiple bonuses such as a 5% cash-back reward, a $5 sign-up bonus, and $50 for the first $500 deposit within 60 days of opening an account.
Why we chose it: Oxygen speaks the language of the trendy business owner, offering some cool banking features along the way. It’s also one of the best checking accounts for sole proprietors.
- Aimed at trendy business owners
- 5% Cashback rewards
- Create virtual, single-use debit cards
- Virtual bank, no cash deposits
- Fewer integrations than other options
- No lending options
Oxygen claims to be fee-free from top to bottom but does specify that out-of-network and international withdrawals may be subject to a charge. You’ll never have to worry about paying for ACH transfers or keeping your account open.
While you won’t earn interest for funds in your business checking account, Oxygen remedies the problem by adding a business savings account to the mix. Any money hanging out in savings accrues 1.0% interest for balances of $20,000 or less. Amounts in excess still earn interest, but at a much lower rate.
Oxygen Bank has no minimum balance requirements for its checking and savings accounts. There will be no monthly fees even if there’s no money in your account. You don’t have to worry about any charges if you don’t make up to a certain amount.
Mobile Banking Features
Oxygen Bank offers a mobile banking app that is designed to help small business owners manage their finances on the go. You can deposit checks, make a bill payment, and generate your account statement. Plus, the app offers spending insights to help you track your finances.
Chase bank is best for merchants that want to enjoy the benefits of both online and offline banking. That’s why the bank now records over 18 million registered business checking accounts. Currently, Chase bank has over 5,000 branches and 17000 ATMs nationwide.
So businesses in Nebraska can quickly find one in their location. For their online banking service, business owners can use the Chase mobile banking app to quickly set up an account in minutes with zero minimum balance requirements. In addition, they’ll get access to free Financial Management tools.
Why we chose it: Chase adds a long list of merchant services to its traditional banking to help your business succeed.
- Several available merchant services
- Multiple ways to waive the monthly maintenance fee
- $300 sign-on bonus
- Monthly maintenance fees
- Only 20 free transactions per month
- Minimal APY
Monthly fees start at $15 for Chase Business Complete Banking. You can do away with this charge by maintaining a $2,000 daily balance, and making deposits through Chase QuickAccept, or Chase Ink Business Card purchases. There is a cost for transactions after your first 20, and you’ll want to avoid costly wire transfers if possible.
As with most banks, Chase doesn’t provide any interest for the money you have in a business checking account. To earn a rate, you’ll need to start up a business savings account that accrues up to 0.02%.
If you want to avoid Chase’s monthly service fee, you’ll want to keep at least $2,000 in your checking account at all times. Dipping below this amount even once per month is enough to merit the charge. Savings accounts have no fee as long as you have an active checking account with Chase.
Access to Mobile Banking
In addition to standard banking procedures, you can use the Chase mobile app to lock or unlock your credit card should you misplace it. There’s also a budget planning feature to set aside funds for a large purchase and credit monitoring tools to protect your credit health.
Methodology for the Best Banks for Small Businesses in Nebraska
We considered several facets for opening a business bank account and managing your finances once you’re up and running. Below are the top factors we used for determining the best banks for small businesses in Nebraska:
- Fees: Small businesses often have to count every penny. Using a bank that nickels and dimes you for every little thing can quickly run your account dry. We looked for banks without maintenance fees or at least the option to waive said charge with a few simple steps. It was also crucial to locate institutions that minimize costs for transactions and transfers that every business needs to perform.
- Interest Rates: We realize business bank accounts function primarily for organization and making payments, but that doesn’t mean you can’t earn a little interest on the side. Between checking and savings accounts, we called out banks offering easily accessible rates you can use for some extra cash. Some options even go well beyond the national average.
- Minimum Balance: Banks with maintenance fees will often waive them if you have enough money in said account. Small businesses may not have a lot of money to work with early on, so we identified institutions with low balance requirements to avoid fees. Some banks also have account minimums to unlock interest rates or other rewards.
- Access to Mobile Banking: In our fast-paced world, having all your banking needs at your fingertips is a huge win. Mobile devices also played a role in the emergence of online-only banks with accounts you can access from anywhere. Even banks traditionally known for physical locations are amping up mobile apps to compete with the masses. Our selections highlight banks with top-tier mobile banking options to manage finances and make payments.
- Ease of Use: When making our top banking for small business picks, we wanted to ensure features were straightforward to use. This applies to everything from transfers and payments to opening a business bank account with nothing more than an EIN. No bank account should be more trouble than it’s worth.
Frequently Asked Questions (FAQs) for Best Banks for Small Businesses In Nebraska
Here are the answers to the top questions about the best banks for small businesses in Nebraska.
Whether it’s getting loans for your business, operating all your finances online, or enjoying low bank charges on your business’s hard-earned income, we’ve given you the best banks for small business owners in Nebraska.
These banks have been designed with small business owners in mind, and we are sure you would find some with features that are suitable for your business needs.
Best Business Bank Accounts by State
Below you will find an interactive U.S map that can help you locate and compare different banks and financial institutions that offer business accounts in your area.