![]() ![]() Capital One is the 8th biggest bank in the country, in business since 1988. Spark Business Unlimited Checking is designed for businesses with cash deposit needs under 40,000 per month. Includes up to 2 Basic Checking accounts with no monthly service fees. As far as wait time goes, they’re about equal.Įxperience: Bank of America is the 2nd largest bank in America, and they’ve been offering business banking solutions since 1904. Get free Overdraft Protection with a linked Capital One Business deposit account. That said, for the most part I’ve found that both Bank of America and Spark Business reps are quite friendly and willing to help. In addition, know that you might not always get immediate answers to your questions. Beneit information in this guide replaces any prior beneit information you may have received. As is prone to happen in these situations, a few unsatisfied customers will slip through the cracks. Capital One® Spark Business ENHANCED VISA SIGNATURE BUSINESS® GUIDE TO BENEFITS Your Guide to Beneits describes the beneits in effect as of 9/1/18. Bank of America’s business savings accounts have APY of 0.02-0.06%, but Spark Business has APY of 0.40%-1.00%.Ĭustomer Support: These are both huge financial institutions with equally large support teams. Get a 500 cash bonus when you use a friends referral link to apply. Spark Business has no fees or minimums.įeatures: Bank of America has 16,000 ATMs and 4,600 branches in the US, whereas Spark Business gives you access to 40,000 ATMs but no physical branches. Find your friends Capital One Spark Business Card referral links and share your own. Pricing: Depending on which of their business checking products you choose, Bank of America charges a monthly fee of $14-$29.95 which can be avoided with a $3,000-$15,000 minimum balance. Quick Note: I have personally used and tested both banks. Of course, it’s always a good idea to see what the competition has to offer, so let’s also take a look at the most popular small business bank, Bank of America. Spark Business by Capital One is a top business bank due to their lack of fees and the convenience of digital banking. Still, our goal is to figure out which one has the convenience and features that you need. ![]() With as much time as I’ve spent poring over the details of the best business banks, I’ve determined that some of them offer better options for business customers than others. ![]()
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