Best bank for business account?

I've found smaller, regional banks are usually better, especially if your business is also small. In my experience, small banks provide better customer service.

Local regional bank. All the tools of the big players but with the personal attention. Your account means more to them. What city are you in?

Capital one has the best mobile business banking IMO. Very large check deposit and transfer limits. The local banks are a joke on that front. That said, capital one and chase totally fricked the smaller guys with ppp. Turned out to be a non issue, but was highly aggravating at the time.

My suggestion would be to have a local and national bank and chose one to operate out of and another to keep active for an alternative relationship.

There is an old adage that goes like this and you probably saw this with the PPP fiasco:

You owe the bank a few thousand...the bank owns you.

You owe the bank millions or billions of dollars you own the bank.

When you owe the bank a few thousand they can easily write some of it off or go after you personally for it, but once you start borrowing millions in capital, the bank is in business to keep you in business. So you can expect a more personal relationship with the more you owe. But smaller banks do help better when it comes to small businesses as they can develop a working relationship with you.

One issue that I noticed with smaller banks is that they appear to use the same back end IT systems. For example all their websites and mobile apps have the same features and layout and they just put their logo on it as it is a white label app from the same developer.

On the flip side CapitalOne and Chase have custom apps unique to them and they cram a whole lot more features in them.

Also some smaller banks will farm out their credit cards to larger bank to service. The credit card is issued with the bank’s name on it, but it is serviced and managed by larger retail bank.

I see a lot of local/regional/national comparisons, but does anyone have experience/opinions on the sort of "virtual" online banks like Azlo and BlueVine?