Discover the Best Online Bank for Small Businesses in 2026

Your Next Online Bank Account for Small Business: What to Look for in Online Banking

As a small business owner, it’s important to look for a full-service, FDIC-insured financial institution that offers comprehensive online business banking with robust features designed to meet all of your business needs. Remember that, even online, a reliable bank should value its members and work to develop strong relationships that will ultimately help support your business’s success.

With a smart online small business bank account, business owners can save time, money, and stress by leveraging the countless benefits of online banking, such as:

• Using the best small business checking account features anywhere, at any time.
• The ease of accessing digital records at any time.
• The convenience of banking from anywhere with a secure internet connection. 
• The power of having your financial data at your fingertips.
• The ability to make data-driven decisions with ease. 
• Streamlined financial processes.
• Automated transaction recording.

While leveraging the unique advantages of online banking for small businesses with TowneBank, business owners can still enjoy the relationships, features, services, and small business banking solutions offered by traditional, brick-and-mortar banking—especially when an online bank also offers in-person banking at nearby offices. 

Key Features of the Top Online Banks for Small Businesses in 2026

When researching and choosing an online bank account for small businesses, look for options that offer extensive services, products designed to meet your needs, and powerful online services to support your business’s operations and financial management. If your journey still takes you to an online bank, be certain it clearly advertises “Member FDIC,” so you know it provides FDIC insurance to cover the funds in your business account should something negatively impact the banking industry. In addition to offering FDIC insurance, you want a bank that provides a business bank account with no hidden fees, while offering other banking services like flexible small business financing, business credit card rewards, and personalized, relationship-centric service.

Many community and regional banks, like TowneBank, offer all the online features and extensive services that online banks offer. So, when you look to open a new account, consider how a relationship with a local banker would serve you and your business by providing comprehensive banking services, treasury services, personalized service, and meeting your card-processing needs. Coming into a bank to open a new account may seem like a chore, but if you’re running a business, that one-hour appointment could serve your business well into the future. 

Business Banking Benefits with an Online Small Business Bank Account

While many banks provide several account options, you won’t always find a bank that offers accounts without maintenance fees and monthly fees. Additionally, be sure to find out whether an account you are considering opening has a required minimum balance or if you receive any additional benefits for maintaining a minimum balance. 

A full-service provider, TowneBank offers comprehensive banking products with an extensive list of features and options to business members, including: 

• A local banker who knows you by name
• Online banking for small businesses
• Comprehensive online banking features and capabilities
• A mobile app with bill pay
• Business checking accounts
• Business savings accounts 
• Business money market accounts with a competitive annual percentage yield (APY)
• Debit card options
• Credit card* with cash back or cash rewards eligibility
• Remote check deposit capabilities
• Automatic overdraft protection
• Electronic, paperless statements
• Treasury services 
• Wire transfers
• Automated clearing house (ACH) collections and ACH payments

Our local bankers can personally walk you through our account offerings and how they can compare to an online small business bank account. We value the opportunity to get to know our members and understand their businesses, enabling us to offer tailored solutions like mobile banking, the right treasury services, and online options – designed to streamline operations, save time, and strengthen overall performance.

Plus, when you call our office, you won’t waste time talking to a robot; all online small business bank accounts and services at TowneBank come with complete service and the attention of a dedicated business banker who knows you by name and who is available to answer your questions. So, you can take care of your business banking when you need, without the long wait, without the hassle, and without wasting time.

Credit Card Options with an Online Bank for Small Business: Are They Right for You?

Online banks no longer focus solely on deposit account products for businesses; they also offer a variety of flexible financing options designed to streamline your business’s operations. 

Just like opening a checking or savings account, applying for a business credit card* online may be convenient, but how can you be certain that you’re making the right choice for your business? For example, some small business credit cards help businesses build their business credit with a simple revolving line with a lower rate, while other business credit cards earn rebates when purchasing everyday business expenses with a credit card. How do you know which one is right for you over the long term? 

By choosing a member-focused bank instead of an online bank for small business, you can work directly with your own personal TowneBank banker to choose the right credit card. Plus, you can manage your credit card activity from our consolidated small business mobile banking platform. 

Financing and Funding Solutions Paired with Small Business Banking

Funding and financing* to help support healthy cash flow can make or break your business or organization, especially during slow seasons, rapid periods of growth, or when unexpected costs arise. That’s why we offer a variety of flexible financing options that business owners can rely on to support their operations and aspirations. 

Plus, local decision-makers help you move fast, so you can stay focused on growing your business. 

Our small business financing options include a variety of business loans, such as:

• Acquisition and development financing
• Business loan refinancing
• Commercial lines of credit and capital injection loans
• Commercial real estate financing
• Equipment financing
• Franchise loans
• Non-recourse financing
• Small Business Administration (SBA) 504 loans
• Tax-exempt loans
• Term loans

With TowneBank, business members save time with fast funding powered by local decision-making authority. Our lenders can help you access flexible financing with competitive interest rates like those offered by online small business banks. However, interest rates should not be your only consideration when applying for a business loan; as a business owner, you should also be concerned about collateral, how the loan structure supports your business plan, and the terms of the loan — just to name a few considerations. 

So, although opening an online small business bank account or loan can help you access flexible financing quickly and conveniently, consider calling a local lender who may also be able to meet those interest rates and customize your financing solutions to meet your business’s unique capital needs. 

Once you’ve been approved and your loan has been funded, easily access, view, and manage your loan accounts online through the small business mobile banking platform. 

Small Business Banking Tools and Integrations for Increased Efficiency — All Available With Your Online Bank Account for Small Business

With digitally stored records, an online bank account for small business can revolutionize financial management through a variety of powerful integrations that can help automate and facilitate data collection, transaction categorization, financial reporting, and even AI-powered bookkeeping. 

When it comes to financial institutions that offer primarily online small business bank accounts, these features are typically top-notch, but regional banks, like TowneBank and others, are surprisingly comparable. In fact, we offer online banking features for managing accounts payable and accounts receivable with electronic invoicing, digital payment options, and integrated digital payment networks that allow you to receive and send money quickly and securely. 

Your dedicated TowneBank banker will get to know you, your business, and your existing financial management processes to help you determine which small business mobile banking features could benefit your operations. Plus, we are here to help you learn how to use and leverage our online bank account for small business tools, providing ongoing support to save you time and maximize the ROI of every dollar that passes through your business. 

Bookkeeping and Financial Management Included with Your Online Small Business Bank Account

Built-in bookkeeping and financial management tools are a key feature of an online bank account for small businesses, helping you streamline your financial operations and history with your financial management, planning, and strategy.

 You will get the most out of bookkeeping and financial management tools when you work with an online bank for small businesses whose online banking system integrates with your business’s accounting software. Seamless integrations with programs like QuickBooks make it easier to manage your books and always stay audit and tax-ready with automated data collection and comprehensive financial reporting. 

These same services are available at TowneBank, and you can select the right ones for you with our business bankers and treasury advisors. Together, they can help you determine whether your accounting software integrates with our small business mobile banking platform and guide you through the process of setting up and automating your bookkeeping processes for streamlined data collecting and more accurate reporting. 

Support Budgeting and Reserve-Building with an Online Bank Account for Small Business

A business’s budget is its spending roadmap and guides financial strategy for the upcoming financial period. It should never be overlooked. Integrated with your accounting software, powerful online banking tools from TowneBank can help you automate budgeting and budget tracking. 

Plus, our online bank account features can help you maintain your budget with digital tools like automated transfers. Use these electronic transfers to automatically move funds into separate account categories without having to remember to initiate the transfer every time. Plus, you can leverage these tools for tax planning by automatically funding tax reserves for payroll, quarterly, and annual payments that are maintained throughout the year. 

Invoice Management Powered by Your Online Bank for Small Business

At TowneBank, our financial experts understand that accounts receivable can be overwhelming to track and manage, eating up a lot of a business owner’s available time. However, receivables must be highly organized because your business’s operations, cash flow, and financial health rely on sound invoice management and timely payment from customers. 

Like TowneBank, a good online bank for small businesses may offer invoice management tools that allow business owners to create invoices, send invoices, and collect payments. Products like Autobooks are designed to simplify and streamline payables processes in small businesses. From creating and sending customizable invoices to providing customers with more ways to pay, these tools help save time on collections processes while reducing days sales outstanding to keep the cash flowing and your business operating smoothly. 

However, unlike an online-only bank, with TowneBank, you can rest easy knowing you have a dedicated banker on your side, available whenever you need support or assistance with our invoicing solution. 

Business Banking Built on Relationships: Community and Support for Small Businesses

While the convenience of remote banking means a business owner rarely needs to visit a bank office, no business can operate fully separate from its community. Small businesses are the lifeblood of their communities, and their communities are responsible for supporting the success of small businesses. So, although an online bank for small businesses provides comprehensive online banking services, the best options also recognize the importance of strong banking relationships that create and support a small business community designed to help foster success. 

TowneBank strives to support small businesses with a combination of comprehensive products and services and top-notch member care. We enhance our offerings with local lunch and learns offered in several of our offices and online educational content that helps business owners develop their skills and raise fraud awareness. Plus, we find opportunities to highlight our local businesses in our printed and online editions of TowneToday, social media, and member spotlights to increase visibility for our small business members. 

Learning and Development: Above and Beyond the Average Online Bank for Small Businesses

Business owners are usually experts in their industries, but they aren’t always experts in finance, accounting, and business management. Developing your business acumen and financial expertise, while guided by your experienced personal banker, can help you improve the management and financial health of your company. 

In addition to hosting regular lunch-and-learn events, TowneBank members have access to our large online library of business resources. 

Through these educational resources, business owners and nonprofit leaders have the opportunity to continue developing their financial literacy and professional skills to: 

• Leverage banking services and products to improve money management.
• Learn how accounting principles can improve business operations to drive growth.
• Gain the skills to strengthen cash flow.
• Learn how to fortify the financial health of their organizations. 
  
  

Small Business Mobile Banking Could Mean Big Business Outcomes

Small business banking should never translate to small business opportunities; with the right financial institution, small business owners can overcome challenges by leveraging powerful products, services, and online banking features to create monumental opportunities for business growth. It’s not just about choosing a bank for your small business; it’s about choosing the right bank.

Whether you are just starting a new business or are looking to move your existing business accounts to a different bank, a TowneBank relationship banker invites you to join our family with a curated selection of online small business bank account tools and products designed to make a big difference in your financial management, time savings, and operations—all while fueling your business’s growth and success.

Let's Connect

Please complete the short form below to have a banker contact you at a time that is most convenient for your schedule.