April 14, 2025

Best Banks for Small Business in West Virginia

By Alyssa Supetran
Read more about Best Banks for Business Accounts
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.
Ad Disclosure: This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. This compensation may impact how and where products appear on this site. You help support CreditDonkey by using our links. (read more)

Running a small business in West Virginia? Truist Bank, First Community Bank, and Bluevine are some of the top business banks in the Mountain State.

What is the best bank to use for my small business in West Virginia?
These are the 10 best banks for small businesses in West Virginia:
  1. Truist Bank for nonprofits
  2. Huntington Bank for SBA loans
  3. First Community Bank for free checking with high limits
  4. Chase Bank for built-in credit card processing
  5. Clear Mountain Bank for local business banking
  6. Citizens Bank of West Virginia for customer service
  7. Capital One for unlimited free transactions
  8. Bluevine for high-interest checking accounts
  9. Axos Bank for minimal fees
  10. Lili for freelancers & solopreneurs

West Virginia doesn't just have beautiful natural scenery. It also has a business-friendly climate that can be conducive to running a successful local small business.

And with the right bank's support, you can go even further. Luckily, there are plenty of options in West Virginia.

From national institutions like Chase to local ones like First Community Bank, this guide will walk you through the top options in the Mountain State. See which of them suits your needs.

Top 10 Banks for Small Business in West Virginia

Whether it's a small gift shop or a cozy cafe, these banks can help your business thrive in West Virginia's competitive market.

1. Truist Bank

Best for: Non-profit organizations

Truist Bank is a large regional bank with over 40 physical branches across West Virginia, mostly around Kanawha County.

It's a great option for non-profits because its community checking account has no monthly fees and allows unlimited cash deposits at no charge per month.

Plus, it offers a higher limit for regular transactions at no charge compared to the standard checking option. So, you can focus on your company's operations without worrying about expensive fees.

For regular small businesses, you can choose from two other checking options. The Simple account is ideal for businesses with straightforward needs and a low monthly transaction volume. The Dynamic account is best for growing businesses that want additional rewards from their checking account.

You can get personalized debit cards for you and your employees with any of Truist's business checking accounts. Add your company logo or other branding for a more professional look.

Pros:

  • Free business checking option
  • Higher limits for nonprofit account
  • Personalized debit cards
  • Convenient online dashboard

Cons:

  • Low limits for free transactions (Simple account)
  • Many banking fees like overdrafts and wires

Need additional capital to support your business? This next bank is a great choice for that.

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

2. Huntington Bank

Best for: SBA loans

Huntington Bank is a regional bank based in Columbus, OH but has a decent footprint in West Virginia. It has 20+ branches across the state, mostly around Monongalia and Kanawha counties.

Huntington Bank is one of the country's top SBA lenders, making it a great choice if you want a business loan from a bank with a solid track record.[1] It also has faster turnaround times and can offer better terms, like longer repayment times or no balloon payments.

Aside from that, its Business Checking 100 account is a free checking option with no monthly fees or minimum balance requirements. It's a great starter account, especially if you have fewer than 100 monthly transactions. If that's too limiting, there are two other business checking accounts you can choose from.

Additionally, it offers other business banking products, like merchant accounts, business credit cards, and more. You can get additional services to support your business operations.

Huntington doesn't charge overdraft fees unless your account is overdrawn by more than $50. However, you still get a 24-hour grace period. It'll waive the charges if you settle the overdrawn amount within 24 hours.[2]

Pros:

  • Top SBA lender
  • Free business checking option
  • Good selection of other business products
  • 24-hour-grace period for overdraft fees

Cons:

  • Limited free transactions for the basic account

3. First Community Bank

Best for: Free checking with high monthly limits

First Community Bank is a bank based in Bluefield, VA, but it also has 17 local branches in West Virginia. It's worth checking out if you want a free business checking account with high monthly limits.

Its Community Free Business account has no monthly fee or minimum balance requirements. Plus, you get up to 1,000 free transactions and up to $10,000 in fee-free cash processing per month.[3] You'll spend less on fees and more on your business.

Aside from that, First Community has a good selection of other business services, like business loans and merchant services. It even offers payroll and HR services and business insurance. You can get most of what you need from one bank.

With First Community's intuitive digital banking platform, you can access your account and make crucial transactions anytime, anywhere. Easily monitor your cash flow, deposit funds remotely, secure your account, and more.

No First Community Bank ATM nearby? Not a problem.
First Community Bank will reimburse out-of-network ATM fees up to $15 per month. Just present your receipts to the bank as proof.[4]

Pros:

  • High monthly limits for free checking
  • Good selection of business services
  • Convenient online & mobile platforms
  • Reimburses out-of-network ATM fees

Cons:

  • Limited ATM network
  • Can't open a business checking account online

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

4. Chase Bank

Best for: Built-in credit card processing

Chase is a national bank with around 15 local branches in West Virginia, mainly in Kanawha County. You'll have an easier time finding a branch if your business is based there.

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.

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

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

5. Clear Mountain Bank

Best for: Local business banking

Clear Mountain Bank is a local community bank based in Bruceton Mills, West Virginia, with 10 branches across the state. If you want personalized guidance, this bank is worth considering.

As an institution with a long history of serving the community, it has a deeper understanding of local businesses' needs. Clear Mountain Bank can offer tailored solutions that cater to your company's unique requirements.

For example, if you need help meeting your business goals, Clear Mountain Bank's business financial planning services can come in handy. You'll work closely with its financial advisors, who'll identify the best possible way to achieve those goals.[5]

Need a business loan? This bank has a dedicated team of loan specialists who can help you find the best option to accommodate your company's situation.

Additionally, with its video tellers, you can get immediate, real-time assistance if you experience issues while using one of its ATMs. No need to go to a branch and wait in line to get help.

Not sure if the business financial planning services are worth it?
Clear Mountain Bank can do a free financial review first so you can see how it works before deciding.

Pros:

  • Strong community support
  • Financial planning services available
  • Dedicated business banking team
  • Video tellers at some branches

Cons:

  • Must contact them for full account disclosure
  • Many banking fees like overdrafts and wires

6. Citizens Bank of West Virginia

Best for: Customer service & financial management

Citizens Bank of West Virginia is another local bank based in Elkins, WV. While it only has 6 branches in West Virginia, it's still worth looking into if you're a local small business owner.

The bank's team is very involved in most processes and considers the customers its top priority. If you want a bank that cares about your business as much as you do, this can be a good option.

There's only one business checking account available, but it's good enough for most small businesses. As long as you maintain the $500 minimum balance requirement, there's no monthly fee.[6]

Beyond offering a checking account, Citizens Bank of West Virginia also has a finance manager. This lets you connect bank accounts from nearly 15,000 financial institutions nationwide,[7] giving you a comprehensive picture of your business finances.

MOCA Reward Debit Cards
Citizens Bank of West Virginia offers MOCA Reward debit cards with its personal and business checking accounts, giving you more control over your finances. You can issue as many virtual or physical cards as you want to employees and set spending limits to avoid going over budget. Plus, you can earn unlimited cash-back rewards with every qualifying purchase.[8]

Pros:

  • Great customer service
  • Low balance requirement to waive monthly fee
  • Feature-rich online financial manager
  • Reloadable debit cards with rewards

Cons:

  • Limited physical branches
  • Only 1 business checking option

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

7. Capital One

Best for: Unlimited fee-free transactions

Capital One doesn't have a physical branch in West Virginia. 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

8. 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. There are no monthly fees, minimum balance requirements, or overdraft fees.

Plus, you can open up to five free sub-accounts with their own account numbers. This allows you to organize your funds better and set budgets for 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.[9] You can keep your funds well-organized and still get the most out of your high-yield checking account.

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.[10] Decisions take as little as 5 minutes, so you can keep moving forward.

Pros:

  • High APYs on checking balances
  • Up to five 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.

9. Axos Bank

Best for: Minimal fees and free basic business checking

Axos is a full-service online bank, so it has no physical branches. But it's still a solid option for small businesses in West Virginia 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, with unlimited domestic ATM fee reimbursements nationwide. You can also make cash deposits at participating machines.

Axos business banking customer support is available Monday-Friday 6 a.m. to 6 p.m. PT (except federal holidays). 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 integrations

10. Lili

Best for: Freelancers and solopreneurs

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

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.[11] 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.[12]

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.

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 West Virginia. 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 West Virginia. 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 determine the best banks for small businesses in West Virginia, 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 monthly limits. No matter what kind of business you have, you should find a bank that fits your needs.

FAQs

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

Should a West Virginia LLC have a separate bank account?
Yes, it should. A separate bank account can reinforce your West Virginia 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 from $0 to $1,000. It varies from bank to bank, so it's best to check with your preferred bank.

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.

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 with low personal credit.

Banks may still check your ChexSystems report.
If you had problems with your personal account, that may impact your ability to open a business bank account. If you think that'll be an issue, consider banks that don't use ChexSystems.

Bottom Line

For West Virginia's local businesses, Truist Bank is one of the best banking options available because of its extensive local presence and special perks for nonprofits.

Alternatively, a local bank like First Community Bank might be better for local expertise and hands-on support. And don't forget to consider online-only options like Bluevine, which often have higher APYs and lower fees.

No matter which bank appeals to you, consider your business's unique requirements first before deciding on one.

References

  1. ^ U.S. Small Business Administration. 7(a) & 504 Lender Report, Retrieved 02/16/2025
  2. ^ Huntington. 24 Hour Grace for Business, Retrieved 07/04/2024
  3. ^ First Community Bank. Community Free Business Checking, Retrieved 02/14/2025
  4. ^ First Community Bank. ATMs, Retrieved 02/14/2025
  5. ^ Clear Mountain Bank. Financial Solutions Services, Retrieved 02/13/2025
  6. ^ Citizens Bank of West Virginia. Checking, Retrieved 02/16/2025
  7. ^ Citizens Bank of West Virginia. Business Digital Banking, Retrieved 02/16/2025
  8. ^ Citizens Bank of West Virginia. MOCA, Retrieved 02/16/2025
  9. ^ Bluevine. Use Sub-Accounts Effectively, Retrieved 02/23/2025
  10. ^ Bluevine. Line of Credit, Retrieved 02/23/2025
  11. ^ Lili. Business Banking Designed to Help You Succeed | Lili, Retrieved 02/23/2025
  12. ^ 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.

Chase
Member FDIC

Chase Total Checking® - $300 Bonus

Open an Account
Expires 7/16/2025
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • Chase Mobile® app - Manage accounts, pay bills, send money to friends with Zelle® and deposit checks from almost anywhere.
  • Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
  • Help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
  • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
  • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.

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 West Virginia?
What kind of bank do you want to use for your small business?
33% National bank
29% Local bank
38% Online bank
Source: CreditDonkey
Save money and build wealth. Sign up to get our FREE email newsletter.
Best Business Checking Account

Best Small Business Checking Account

Cut banking costs and keep more money in your business. Here are the best business checking accounts (#1 is free).

Home > Business > Best Bank for Small Business > Best Banks for Small Business in West Virginia

About CreditDonkey
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2025 CreditDonkey Inc. All Rights Reserved.