Small business owners have a wide variety of financial needs. They need a bank that will offer them services, such as checking accounts, credit cards and loans, that are tailored to their business needs. And they need access to banking services that are convenient, easy to use and affordable.

Opening a banking for small business account can be a big step for small businesses, but it’s not an impossible one. To find the best bank for your business, you need to think about these five things:

Does the bank have physical locations?

You might want to choose a bank with plenty of brick and mortar branches, especially if your business requires you to visit the bank often. Having a local branch can help you get answers to questions about fees, ATMs and other business banking services that may not be available online.

Why Small Banks Might Be the Best Fit for Your Financial Needs

A business savings account is a great way to set aside money for business expenses. It can also provide an incentive for you to save regularly, which can boost your savings over time.

Are there any incentives or perks that come with a business savings account?

If you’re interested in a business savings account, look for banks that offer high annual percentage yields. These higher rates can make a difference in how much you’ll earn over time.

How do business owners rate their bank?

Despite the fact that the business lending industry is in a tough spot, small business owners are still generally satisfied with their current bank. This is probably because they’re getting better deals and services than general banking customers, according to a 2019 study by the Business Accountability Institute (BAI).