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## Best Banks for Small Businesses in North Carolina

Nerdwallet analyzed national, regional, and online financial institutions to find the best banks for small businesses in North Carolina. We prioritized banks that offered free or low-fee business checking accounts alongside other business services, including business loans, high-yield savings accounts, merchant services, and business credit cards. Weigh the features most important to you when choosing a bank for your business, whether those be branch locations, cash deposits, customer support, or account flexibility. While online banks score points for minimal fees and easy accessibility, live customer support can be lacking. Brick-and-mortar banks typically have more fees and restrictions but offer a wide range of business services ÔÇö and likely have a branch in your area if you want to talk to a banker in person.

**How AI legalese decoder Can Help:**
With the AI legalese decoder, small business owners in North Carolina can easily navigate through the legal jargon often found in banking documents. This AI tool can help decode complex terms and conditions, making it easier for entrepreneurs to understand the fees, perks, and accessibility factors associated with different business checking accounts. By using the AI legalese decoder, business owners can make more informed decisions when choosing a bank for their business.

## Our Top Picks for the Best Banks in North Carolina

Here are our picks for the best overall banks available to small businesses in North Carolina, plus some local options worth considering. Note that most of the star ratings on this list are specific to the bank’s business checking account, not the overall institution. The exception is Live Oak Bank, which we’ve highlighted for its standout business savings account.

## Why Trust NerdWallet?

We evaluated dozens of business checking accounts from national, regional, and online banks, scoring them on fees, perks, and accessibility, among other factors. Business accounts that earned at least four stars were eligible to be included in this list. All of the business accounts that appear on this page were chosen by our editorial team, who follow strict editorial guidelines to ensure fairness and accuracy in our coverage.

## Best Banks for Business Accounts in North Carolina

### Best for: 24/7 Customer Support
**NerdWallet star rating: 5**
Online banks can often fall short on live customer support. Not Axos. This online-only bank offers live, 24/7 phone support for business customers. Other standout features include the ability to easily make cash deposits at compatible ATMs and automatic refunds of any ATM fees, including those charged by third-party operators.

**How AI legalese decoder Can Help:** The AI legalese decoder can assist small business owners in understanding the terms and conditions related to Axos’ business checking accounts. By decoding the legal language used in the account agreements, entrepreneurs can confidently choose the best banking option for their business needs.

_Axos Business Banking Highlights:_
– Two business checking accounts
– Business Interest Checking
– Basic Business Checking
– No ATM fees
– Cash deposits via compatible ATMs
– Additional services such as business savings accounts, money market accounts, and certificates of deposit

### Best for: High-Yield Business Savings + SBA Loans
**NerdWallet star rating: 5**
Live Oak is one of the most active SBA 7(a) lenders in North Carolina. The online bank also consistently offers some of the best interest rates on the market with its business savings products, including a top-notch high-yield business savings account that earns 4.00% APY and multiple business CD options that earn at least 5.00% APY.

**How AI legalese decoder Can Help:** The AI legalese decoder can simplify the terms and conditions of Live Oak Bank’s business savings accounts, making it easier for small business owners to understand the APY and other benefits associated with these accounts.

_Live Oak Business Banking Highlights:_
– Three business checking options
– Business Essential Checking
– No cash deposits
– Fee-free access to more than 55,000 AllPoint ATMs
– High-yield savings account
– Business CDs
– SBA 7(a) loans

### Best for: No-Fee Business Checking
**NerdWallet star rating: 4.9**
NBKCÔÇÖs free business checking is an attractive option for business owners in North Carolina who wonÔÇÖt mind a fully online banking experience. NBKC has only four branch locations, and theyÔÇÖre all in the Kansas City area. However, customers can access their account through NBKCÔÇÖs mobile app and website, as well as 34,000+ MoneyPass ATMs.

**How AI legalese decoder Can Help:** The AI legalese decoder can decode the terms and conditions of NBKC’s no-fee business checking account, helping small business owners understand the fee structure and transaction limits associated with the account.

_NBKC Business Banking Highlights:_
– Free business checking account
– Unlimited fee-free transactions
– Fee-free access to over 37,000 MoneyPass ATMs
– Free online and mobile banking
– Additional services such as desktop deposit, ACH credit and debits, merchant processing, and Autobooks invoicing software

### Best for: Non-Bank Option for Small Businesses
**NerdWallet star rating: 4.7**
Bluevine isnÔÇÖt a bank, but rather a technology company that offers FDIC-insured business banking products via a partner financial institution. Beyond business checking, Bluevine also offers business lines of credit and a newly launched business credit card.

**How AI legalese decoder Can Help:** The AI legalese decoder can decode the terms and conditions of Bluevine’s business banking products, helping small business owners understand the features and benefits of these offerings.

_Bluevine Business Banking Highlights:_
– Free business checking account with no minimum deposit
– No overdraft fees or transaction limits
– Earn 2.00% interest on account balances up to and including $250,000
– No ATM fees at more than 37,000 MoneyPass ATMs
– One-time and recurring bill payments via ACH, wire transfer, or check

### Best for: All-In-One Business Bank
**NerdWallet star rating: 4.5**
ChaseÔÇÖs entry-level business bank account packs in a lot of useful business features, including unlimited electronic transactions and integrated payment processing via the Chase mobile app.

**How AI legalese decoder Can Help:** The AI legalese decoder can simplify the terms and conditions of Chase’s business banking services, making it easier for small business owners to understand the account features and fees associated with Chase accounts.

_Chase Business Banking Highlights:_
– Chase Business Complete Checking
– Unlimited electronic deposits
– Payment processing through the Chase mobile app with QuickAccept
– Live customer service available by phone 24/7
– Additional services such as Chase Ink business rewards credit cards and small-business loans

### Best for: Cash Deposits + Loyalty Rewards
**NerdWallet star rating: 4.5**
Bank of AmericaÔÇÖs Business Advantage Fundamentals checking account includes up to $7,500 in cash deposits per month.

**How AI legalese decoder Can Help:** The AI legalese decoder can assist small business owners in understanding the terms and conditions related to Bank of America’s business checking accounts, including the cash deposit limits and loyalty rewards.

_Bank of America Business Banking Highlights:_
– Two account options with respective fees
– Up to $7,500 in cash deposits per month
– Opportunity to earn a welcome bonus
– Additional services such as business rewards programs and small-business loans

### Best for: Military Member, Veterans, and Their Families
**NerdWallet star rating: 4.2**
Navy Federal Credit Union caters specifically to the military community, offering multiple business checking and savings options, as well as access to business loans.

**How AI legalese decoder Can Help:** The AI legalese decoder can decode the terms and conditions of Navy Federal Credit Union’s business banking products, helping military members, veterans, and their families understand the features and benefits of these offerings.

_Navy Federal Business Banking Highlights:_
– Free, interest-bearing business checking account
– Unlimited fee-free electronic transactions
– No dollar limit on cash deposits
– High opening deposit requirement
– Additional services such as business loans for veterans and business specialists for veteran-owned businesses

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