05 Best Banks in Florida for 2023

Looking to establish your own business in Florida or just want to have seamless banking services?

Best Banks in Florida for 2023:You may have to choose the ideal bank to support your needs. The best banks offer an array of banking services that are easy to manage, have less interest rates on loans & ask for a minimal fee. 

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Don’t know where to begin?

Don’t worry! We’ve got you covered with a list of the best banks in Florida.

List of the best banks in Florida for top-notch banking services: –

Wells Fargo #1

One of the biggest banks in the world, they are available in more than five hundred locations in the sunshine state. The scale & reputation of this bank lends credibility.

This may be a perfect choice if you wish to begin your own business. Wells Fargo provides a range of products & services for you to choose from, as per your needs. 

It is one of the topmost small business lenders & provides public visibility to its interest rates. It offers SBA loans, commercial real estate, and equipment financing loans, catering to different types of businesses.

Go ahead and begin your entrepreneurial journey seamlessly!

Chase #2

With over 5000 offline locations & more than 16000 ATMs around the world, Chase makes banking accessible & convenient. You can also deposit cheques online, make transfers, pay bills and check your balance through its mobile app.

If you’re a budding entrepreneur, Chase is one of the best banks in Florida for small businesses. It offers the Chase Business Complete Banking account for which you don’t need a minimum deposit.

You can even avoid the $15 monthly fee by maintaining a $2000 minimum daily balance. The fee will also be waived off in case you use the Chase Ink Business Credit Card to make purchases worth $2000.

You can also opt for a checking account that allows you to deposit up to $5000 without any fee. With so many benefits, Chase is one of the best small business banks in Florida. 

Bank of America #3

Offering a wide range of products & services, Bank of America is one of the topmost banks in Florida. With a vast network of ATMs & branches, this is extremely convenient if you need to make deposits in person.

If you’re on your way to begin your entrepreneurial journey, you can choose from two different kinds of business accounts, based on your needs.

Their Business Fundamentals Banking Account is an entry-level account with a minimum deposit of $100 & a monthly maintenance fee of $16.

The other one is the Business Advantage Relationship Account which offers up to $20,000 in free cash deposits & has a monthly maintenance fee of $29.95. 

In both cases, the monthly fees can be waived off provided you maintain a certain average monthly balance of $5000 and $15000 respectively for each of the two. 

Synovus #4

Providing banking services for more than 125 years, this regional bank offers many benefits. It has great customer service making it easier for customers to resolve any queries.

You can also use their interactive app to manage your account from anywhere.

Business owners can check out their Pro Business Checking account. It has a $10 monthly fee which can be waived if you maintain an average monthly balance of at least $1000.

In case you’re a sole proprietor, you can benefit from a Synovus Business Interest Checking account. With this, you can make 200 debit transactions & deposit up to $10,000 for free.

What’s more?

You’ll earn interest on your whole balance.

With such amenities, it holds its place as one of the best banks in Florida for small businesses. 

Fifth Third Bank #5

Founded in 1858, Fifth Third Bank is one of the oldest in the States. Present in 11 states with over 1100 branches, it offers some incredible benefits, especially for residents in certain parts of the nation, including Florida.

If you’re in Florida, you can get access to a free business checking account without any monthly fee.

What’s more?

There is no need for a minimum opening deposit or balance requirement either.

This is a great option for small business owners to avoid any additional fees piling up on their costs. You can manage your money for free with this special account. 

Whether you’re an employee or an employer, having access to seamless banking services can take a load off your shoulders & assist you in your journey of financial development.

With so many outstanding banks, each with its distinctive offering, choose the one that caters to your financial requirements for accelerated growth. 

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