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Elissa Tompkins
over 2 years ago • Denver

Small business bank?

I launched a small, currently very small, business and need small business bank recommendations. I can’t do a minimum daily balance right now because my business is still not profitable but I can do a low opening deposit, if need be. I’m not too worried about ATM access so if it’s all online, that’s okay!
4 replies
over 2 years ago
First Bank has been incredible for my small business and personal banking needs, unfortunately with the business account there is a minimum balance. I would check into a Credit Union as I assume most federally backed banks will require a threshold (the cost of doing business).
over 2 years ago
US Bank some great programs for small business. I love US Bank! I agree with Mandi though, most banks with have min balance requirements or direct deposit requirements. I would definitely check them out though.
over 2 years ago
I may have to go with my local credit union. They don’t have any minimum balance requirements. They charge $25 per month for remote deposit which isn’t the end of the world because I won’t be dealing with a lot of checks. Thank you for the recommendations!
over 2 years ago
Elissa Tompkins who's your credit union? I'm looking for something similar. Thanks!
over 2 years ago