October 25, 2015

WHY IT’S A WINNER

Capital One offers unlimited free transactions and a high cash deposit limit, a plus for busy firms. There are several ways to waive the maintenance fee.

Caveat

Business owners in the Northeast can avoid ATM fees with Webster Bank’s Complete Business Checking. It has better terms but limited geographic reach.

Branches

850 in Connecticut, D.C., Delaware, Louisiana, Maryland, New Jersey, New York, Texas, and Virginia

Account Terms

Capital One Spark Business Unlimited Checking

Maintenance fee: $35
How to waive the fee: Keep a $25,000 balance or use other Capital One small-business products.
Outside ATM fee: $2
Free transactions Unlimited deposits, check payments, and withdrawals
Cash deposit limit: $40,000

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