February 26, 2025

Best Banks for Small Business in Nevada

By Alyssa Supetran
Read more about Best Business Banks
Editorial Note: This content is not provided by the companies mentioned. Opinions expressed here are author's alone, and have not been reviewed, approved or otherwise endorsed by the companies.
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Need a good bank for your Nevada small business? Wells Fargo, GNCU, and Axos are some of the top banks worth checking out in the Silver State.

What bank is best for a small business in Nevada?
These are the 10 best banks for small business owners in Nevada:
  1. Wells Fargo for SBA loans
  2. Chase Bank for built-in credit card processing
  3. Bank of America for flexibility
  4. U.S. Bank for national bank with free checking
  5. Capital One for unlimited free transactions
  6. Nevada State Bank for cash deposits
  7. Greater Nevada Credit Union (GNCU) for local credit union
  8. Bluevine for high-interest checking accounts
  9. Lili for freelancers & solopreneurs
  10. Axos Bank for minimal fees

As a Nevada small business owner, you already enjoy benefits like business-friendly policies, minimal taxes, and attractive incentives.

Combine that with the right bank, and you've got a solid recipe for success. Luckily, you don't have to look far. The Silver State has plenty of banks for small businesses.

From national institutions like Wells Fargo to local credit unions like GNCU, this guide will walk you through all the top options.
See which of them suits your needs.

10 Best Banks for Business Accounts in Nevada

Whether it's in Las Vegas or Reno, these banks offer the financial tools your business needs to thrive in Nevada's dynamic economy.

Which banking service do you need for your small business in Nevada?

Wells Fargo

Best for: SBA loans and extensive business services

Wells Fargo is one of the biggest banks in the country, with 80+ branches in Nevada alone. This makes in-person transactions more convenient, especially if you're around Las Vegas or Henderson.

Wells Fargo offers a comprehensive suite of business products, including banking, insurance, and payroll services under one roof.

Need capital to start or grow your business? Wells Fargo is one of the country's top SBA 7(a) lenders. It can help you secure small business loans quickly with more favorable terms, such as longer repayment times or lower interest rates.

For business checking, the Initiate Business Checking Account is a great starter account for new businesses with less activity. As your business grows, you can easily upgrade if you need more features.

Pros:

  • Top SBA lender
  • Comprehensive small business services
  • Several business checking options

Cons:

  • Many banking fees like wires and overdrafts
  • Low interest rates for savings accounts

Does your business accept credit card payments? This next bank helps simplify payment processing.

Chase Bank

Best for: Built-in credit card processing

Chase is another big-name bank worth checking out if you have a small business in Nevada. It has 50+ branches across the state, mostly around Las Vegas.

Chase is a great option if your small business accepts credit card payments from customers. It's good for small retail stores, restaurants, and service-based businesses.

The Chase Business Complete Banking account includes built-in credit card processing. No need for a separate merchant account.

And with the QuickAccept feature, all payments are deposited into your account on the same day. So you can keep your cash flow moving and prevent business interruptions.

Chase also has excellent customer service and a wide selection of business products. In particular, its popular business credit cards give generous cashback and travel rewards.

Chase Bank often offers new customers bonuses for opening business bank accounts. Check back regularly to see current promotions.

Pros:

  • Checking with built-in payment processing
  • Highly rated mobile app
  • Unlimited electronic transactions
  • Offers promotions for new customers

Cons:

  • Many banking fees
  • Low interest rates

Bank of America

Best for: Flexibility and cash management

Bank of America has over 50 financial centers in Nevada, most of them located around Las Vegas and Reno. It's a great choice if you prefer in-person transactions and prioritize flexibility.

Bank of America offers a unique flexible Business Advantage Banking account with two tiers you can switch between. The basic tier is an ideal starting point, thanks to its low requirements. You can seamlessly move up or down as your business needs change.

It also has better digital tools than other basic accounts. With the Cash Flow Monitor®, you can connect to apps like QuickBooks and Expensify to track your business metrics all in one place. Plus, get cash flow projections to help you plan for possible shortfalls.

If you need help, Bank of America's Small Business Specialists provide valuable advice and hands-on support.

Pros:

  • Flexible business checking
  • Built-in cash management tools
  • Access to Small Business Specialists

Cons:

  • Less access to SBA loans
  • Many banking fees like overdrafts and wires

U.S. Bank

Best for: National bank with free checking

U.S. Bank is another national bank with a decent footprint in Nevada, with around 50+ local branches overall.

If you prefer a larger bank with fewer fees, U.S. Bank is an excellent choice. Its Silver Business Checking Account has no monthly fee or minimum balance requirements. Just note that you're limited to 125 free transactions per statement cycle, then $0.50 each, so it's best for newer businesses with less activity.

And if the Silver account doesn't have what you're looking for, U.S. Bank has four other business checking accounts, including one tailored for non-profits.

All accounts come with convenient online and mobile banking tools, allowing you to monitor cash flow, transfer money, deposit checks, and more—whenever, wherever.

In addition to 4,700+ U.S. Bank ATMs across the country, you can also withdraw surcharge-free at approx. 40,000 MoneyPass® ATMs. So even if you don't live near a branch, ATMs are still convenient.

Pros:

  • Free checking option
  • Specialty checking accounts available
  • Extensive ATM network for no-fee withdrawals

Cons:

  • Limited fee-free transactions
  • Fewer features than others

Traditional banks usually limit monthly free transactions. Check out the next option if your business has a high activity volume.

Capital One

Best for: Unlimited fee-free transactions

Capital One doesn't have a physical branch in Nevada. However, it's still worth checking out if you have an online business or don't need a physical branch for transactions.

Capital One can be a great option for highly active businesses. It gives you unlimited free transactions for deposits, withdrawals, and money transfers. Process all business transactions without worrying about it becoming too costly.

Plus, enjoy free withdrawals at any of the over 70,000 no-fee Capital One, MoneyPass, and Allpoint ATMs nationwide.

In addition, Capital One has a wide selection of other banking products designed specifically with small businesses in mind. You can get business credit cards, savings accounts, and credit card processing services all from one bank.

Pros:

  • Unlimited free transactions
  • Extensive ATM network
  • Wide selection of small business banking products

Cons:

  • High waiver requirements for monthly fees

Starting a local business? While national banks offer convenience, the local bank below could provide better personal support.

Nevada State Bank

Best for: Cash deposits & local banking experience

Nevada State Bank is a local community bank with over 40 branches across the state. Most are located in Las Vegas, including its headquarters. It's worth considering if you prefer working with a local bank but still want the convenience of a larger bank.

As a division of Zions Bancorporation, N.A., Nevada State Bank can give you the best of both worlds. You enjoy access to extensive business services and a more personalized banking experience.

Plus, credit decisions are made locally. So, it can use its understanding of local businesses to give you the best possible options if you need a business loan or credit line.

Aside from that, Nevada State Bank's business checking accounts have a generous fee-free cash deposit limit of up to $15,000 per month. This is especially beneficial if your business handles a lot of cash. You only need $50 to open an account.[1]

Nevada State Bank offers additional support to local small businesses through its online marketplace, Business Complete. Here, you can connect with other local vendors for business services like tax preparation, accounting, and payroll. You also enjoy exclusive discounts and offers from these partner vendors.

Pros:

  • Credit decisions are made locally
  • High monthly limit for fee-free cash deposits
  • Low minimum opening deposit
  • Online marketplace for local small businesses

Cons:

  • Less competitive APYs
  • High waiver requirements for Business Preferred Checking

Don't want to go the traditional bank route? Look into a credit union instead. Here's a great one for Nevada's local entrepreneurs.

Greater Nevada Credit Union (GNCU)

Best for: Local credit union & cannabis-related businesses

The Greater Nevada Credit Union (GNCU) only has around 15 or so of its own branches. But you can still access its services almost anywhere through CO-OP's extensive shared branching network.

Credit unions are great alternatives for small businesses because of the unique benefits that traditional banks might not offer. For example, as a GNCU member, you enjoy competitive rates, lower fees, and tailored support.

Additionally, you get access to special offers like cash bonuses, exclusive discounts, and competitive terms for its services. You can even extend those benefits to employees as a partner business.

GNCU also stands out for offering tailored banking solutions to businesses in the cannabis industry, like business accounts, treasury management, and cash-handling services. With these, you can keep your company's finances well-organized and compliant with state and federal regulations.

Running a regular business? GNCU has a good selection of business services, including several business checking accounts. While there's no free checking option, the requirements to waive the monthly fee are still doable.

GNCU is certified by the Community Development Financial Institutions (CDFI) Fund.[5] This affirms the credit union's commitment to supporting its local communities, especially those in low-income neighborhoods.

Pros:

  • Great member benefits
  • Specialty banking solutions for cannabis businesses
  • Strong community involvement
  • Wide network (5,000+ shared branching locations)

Cons:

  • Low APY for business checking
  • No free business checking option

Don't need in-person banking? Consider an online account for more features and benefits.

Bluevine

Best for: High-interest checking accounts

If you don't mind an online-only option, Bluevine is a great alternative to traditional brick-and-mortar banks. It stands out with its high-yield business checking and flexible lines of credit.

Even at the basic tier, you earn up to 1.5% APY on balances up to $250,000 with monthly eligibility requirements; 0% APY on balances over $250,000. And there's no monthly fees, minimum balance requirements, or overdraft fees.

Plus, you can open up to 5 free sub-accounts with their own account numbers. This allows you to better organize your funds and set budgets for things like payroll, taxes, and vendor payments.

You can even set custom rules and permissions for better security and account management. All sub-accounts also earn interest up to the combined maximum.[6]

Need extra funds to ride out a slow season or grow your business?
Bluevine offers a flexible business line of credit up to $250,000.[7] Decisions take as little as 5 minutes, so you can keep moving forward.

Pros:

  • High APYs on checking balances
  • Up to 5 sub-accounts
  • No monthly fees
  • Free withdrawals at approximately 40,000 MoneyPass ATMs

Cons:

  • No physical branches
  • Fees for cash deposits

Bluevine is not a bank.
It partners with Coastal Community Bank, Member FDIC, and a trusted network of program banks to provide FDIC insurance up to $3 million.

Lili

Best for: Freelancers and solopreneurs

Lili is another online-only option worth considering for small business owners in Nevada.

The basic checking option is a great starter account for freelancers or startups because it has everything you need for your business's day-to-day operations. Plus, it has no monthly service fees or minimum balance to worry about.

But if you want more features, like an automatic tax savings account or expense tracking, you can always upgrade to Lili’s paid plans. The Smart checking option includes accounting software to keep your records well-organized and ready for the next tax season.

You can also get multiple Visa® debit cards with any account and earn cashback rewards when you use them with Lili's partner merchants.[8] Worried about overspending? You can set individual spending limits to keep your expenses within budget.

Lili's Early Access feature lets you receive customer payments up to two days earlier than expected when you’re paid via ACH Transfer.[9]

Pros:

  • Free checking option
  • Single login for multiple accounts
  • Debit cards with cashback rewards
  • Early access for direct deposits

Cons:

  • Limited features for Lili Basic
  • Fees for cash deposits

Lili is a financial technology company, not a bank.
Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC.

Axos Bank

Best for: Minimal fees and free basic business checking

Axos is a full-service online bank, so it has no physical locations. But it's still a solid option for small businesses in Nevada thanks to its lower fees.

The Basic Business Checking account has no monthly fees and gives you unlimited free transactions for deposits, withdrawals, and incoming wire transfers. You also get up to two outgoing domestic wire reimbursements monthly.

Need to withdraw cash? Use any ATM you want. You get unlimited domestic ATM fee reimbursements nationwide. You can also make cash deposits at participating machines.

Axos customer support is available 24/7 so you can reach out anytime—even after normal business hours. Help is just a call or email away.

Pros:

  • Free business checking option
  • Minimal fees
  • Unlimited domestic ATM fee reimbursements
  • Dedicated customer support

Cons:

  • No physical branches
  • Limited support hours for non-clients

What kind of bank do you want to use for your small business?

How to Choose a Bank for Your Business?

Before committing to a bank, be sure they have the features you're looking for. Consider these:

  • Monthly fee & minimum balance
    Some banks require a minimum balance in your account. Otherwise, you'll pay a monthly fee. See if the requirement makes sense for your business. Some of our listed banks have no minimums and no monthly fees.

  • Monthly transaction limits
    Most business checking accounts cap the number of free transactions your account can do monthly. Then a fee is charged thereafter. Pick an account that can accommodate your transaction volume.

  • Cash deposits
    Does your business deal with a lot of cash? Most accounts offer fee-free cash deposits up to a certain amount per month.

  • Accessibility
    Most of the banks on our list have a good number of branches and ATMs in Nevada. However, it's still best to check the availability of your chosen bank in your area, and how convenient it would be for you on a day-to-day basis.

    You can try online-only options like Bluevine or Axos if you don't need a physical branch. They usually offer better fees and higher rates than brick-and-mortar banks.

  • Small business loan options
    Sometimes, it's easier to get a loan from the same bank you use for checking since you have an established relationship. See what loan options the bank has and their terms.

  • Customer support
    You should be able to get help as soon as you need it. Get a sense of the bank's customer service for small business owners. Some banks have small business specialists who can give you more tailored guidance.

  • Mobile app
    Many business owners bank on the go. Having a reliable mobile banking app is a must.

  • Software integration
    Does the bank integrate with any accounting software, like QuickBooks, Freshbooks, or Xero? This helps save time and hassle when it comes to bookkeeping and tax reporting.

What's most important to you when choosing a small business bank?

Why Have a Business Bank Account

It's important to separate your business finances if you have an LLC or corporation in Nevada. Doing so helps protect your personal assets if your business gets sued or has unpaid debt.

While this isn't a requirement for sole proprietors, having a separate business bank account will make your life easier.

Here's why you should have a business bank account:

  • It's easier to calculate business expenses during tax time.
  • The business looks professional to customers and vendors.
  • Pay bills and make purchases from your business funds.
  • Accept credit card payments from customers.
  • Apply for business loans.

What kind of bank account should I open for my small business?
Your business should have at least a checking account for day-to-day operations like paying bills, receiving deposits, and making purchases. If your business has extra funds, open a business savings account to save for emergencies and plans.

Our Methodology

To come up with the best banks for small businesses in Nevada, we first pinned down banks with a strong presence in the state. After all, you need to be able to find branches and ATMs easily.

Then we looked into the banks' fees, account features, and other business services. We chose banks that either have a free business checking option, or reasonable requirements to waive.

We also looked for unique banking features, like built-in payment processing, unlimited free transactions, or high cash deposit limits.

No matter what kind of business you have, you should find a bank that fits your needs.

FAQs

Do I need a Nevada ID to open a business bank account in Nevada?
Yes, most banks in Nevada require proof of residency to open a business bank account. This usually means your Nevada driver's license, business license, and business registration.

Should a Nevada LLC have a separate bank account?
Yes, it should. A separate bank account can reinforce your Nevada LLC's liability protection and make it easier to prove you're not commingling funds.

What is the minimum to open a business account?
The minimum amount needed to open a business account can range anywhere from $0 to $1,000. It varies from bank to bank, so it's best to check with your preferred bank.

Can I open a business bank account with bad credit?
Banks generally do not do a credit check when you open a checking or savings account. So it is possible to open a business bank account even if you have low personal credit.

However, banks may check your ChexSystems report. So if you've had problems with your personal banking account, that may impact your ability to open a business account. Consider banks that don't use ChexSystems if you're worried about it becoming an issue.

Can I use a regular bank account for my small business?
It's best to have a dedicated business bank account for your small business. Aside from liability protection, it also helps keep your finances organized.

Bottom Line

Wells Fargo tops the list of best banks for small businesses in Nevada due to its extensive list of services and accessible SBA loans. Whether you're a startup or a growing business, this bank won't have trouble providing the support you need.

But if you want local expertise and hands-on support, a local bank like Nevada State Bank might be a better fit. You can also go for online-only options like Bluevine for higher APYs and lower fees.

No matter which bank appeals to you, consider your business's unique requirements first before making a decision.

References

  1. ^ Nevada State Bank. Compare Business Checking Accounts, Retrieved 12/10/2024
  2. ^ Nevada State Bank. Business Preferred Checking Acount, Retrieved 12/10/2024
  3. ^ Greater Nevada Credit Union. Shared Banking Credit Union, Retrieved 12/12/2024
  4. ^ Greater Nevada Credit Union. Business Checking Accounts, Retrieved 12/12/2024
  5. ^ Greater Nevada Credit Union. CDFI Certification, Retrieved 12/12/2024
  6. ^ Bluevine. Use Sub-Accounts Effectively, Retrieved 02/23/2025
  7. ^ Bluevine. Line of Credit, Retrieved 02/23/2025
  8. ^ Lili. Business Banking Designed to Help You Succeed | Lili, Retrieved 02/23/2025
  9. ^ Lili. What is Early Access for ACH Transfers? - Help Center | Lili, Retrieved 02/23/2025

Alyssa Supetran is a research analyst at CreditDonkey, a credit card comparison and reviews website. Write to Alyssa Supetran at alyssa@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

Bank of America
Member FDIC

Bank of America Advantage Banking - $300 Bonus Offer

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Expires 5/31/2025
  • The $300 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
  • The offer is for new checking customers only.
  • Offer expires 05/31/2025.
  • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
  • Additional terms and conditions apply. See offer page for more details.
  • *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
  • Bank of America, N.A. Member FDIC.

Best Bank for Small Business

Tips for Business
Discover the top 10 banks for small businesses. Unlock your business' potential with the best bank
Which banking service do you need for your small business in Nevada?
What kind of bank do you want to use for your small business?
32% National bank
29% Local bank
38% Online bank
Source: CreditDonkey. Totals may not add to 100% due to rounding.
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