As a small business owner in Ohio, you have a plethora of choices when it comes to business banking. We've conducted a thorough comparison of various business banking providers and their account offerings for small business owners in Ohio to help you pick the right bank for you.
Choices range from traditional banks with extensive branch networks to modern digital banks offering cutting-edge financial technology. We excluded credit unions.
To help you decide, we’ve compared the Buckeye State’s best member FDIC regional banks, national banks, local banks, and online banking platforms for small businesses.
We compared everything at these financial institutions, from checking accounts to lending services to business credit cards in hopes you’ll find the perfect fit for your business’s unique needs. From Columbus to Cincinnati, here’s the list of the best banks for small businesses in Ohio.
Let’s dive in!
Best banks for small businesses in Ohio:
The First Citizens National Bank of Upper Sandusky: Best for traditional business banking
Wayne Savings Community Bank: Best for non-profit organizations
First National Bank of Pandora: Best for agriculture businesses
First Federal Savings and Loan Association of Lakewood: Best for Health Savings Accounts
Relay: Best for digital banking in Ohio
🏆 Verdict: Relay is an online banking platform designed for small businesses. It's a great option for businesses that want to enjoy zero monthly fees, no overdraft fees, convenient mobile banking, and free domestic wire transactions.
Relay provides access to over 55,000+ ATMs. Companies that bank with Relay have the liberty to establish up to 20 unique accounts and can allocate up to 50 Visa® debit cards to their staff. Plus, our savings accounts boast competitive interest rates at 1-3% APY1, ensuring your funds are always growing.
Banking Built for Business Owners
No account fees or minimums; 20 checking accounts; 2 savings accounts with 1.00%-3.00% APY; 50 virtual + physical debit cards. Open account 100% online.
Learn moreBeing digital-first means being convenient. Whether you’re in California, New York or Ohio, you can seamlessly integrate Relay with top accounting software such as Xero, QuickBooks Online, and Gusto. Relay Pro has automated Bill Pay, streamlining your month-end financial chores.
Banking feature | |
Account Fees | $0 |
Minimum Balances | $0 |
Checking Accounts | Up to 20 |
Savings Accounts | None |
Money Movement | • Unlimited transactions •Free ACH and check deposits •Domestic outgoing wires: $5 •International outgoing wires: $10 •Or with Relay Pro for $30/month, you get: •Unlimited outgoing domestic and international wires •Same-day ACH transfers |
Cards | Up to 50 free virtual or physical debit card Mastercards |
Financing | None available |
Customer Service | Dedicated customer service via email, chat or phone |
4.5/5 |
The First Citizens National Bank of Upper Sandusky: Best for traditional business banking
🏆 Verdict: The First Citizens National Bank of Upper Sandusky offers traditional banking services. They are similar to those you’d find at Chase, Bank of America, and other traditional banks.
Because The First Citizens National Bank of Upper Sandusky is a smaller U.S. bank, the service is more personalized. It has a reasonable fee structure and diverse loan programs, which makes it a solid choice for businesses seeking financial growth.
Banking feature | |
Account Fees | $7.50 monthly fee |
Minimum Balances | $750 |
Checking Accounts | Business Classic Checking Business NOW Checking |
Savings Accounts | Business Statement Savings |
Money Movement | Unlimited transactions ACH and wires, fees may apply |
Cards | 1 physical debit card |
Financing | Business loans including term loans, commercial loans, real estate loans |
Customer Service | Phone, in-person, email |
Reviews |
Woodforest National Bank: Best for diverse checking options
🏆 Verdict: Woodforest National Bank has branches in Ohio, Kentucky, and Indiana. It offers multiple business checking accounts as financial services. Advantage Business Checking and Second Chance Business Checking stand out.
Account Fees | $20 monthly fee $32 overdraft fee |
Minimum Balances | $100 |
Checking Accounts | Business Simple Checking Second Chance Business Checking Advantage Business Checking Business Checking Business Plus Checking |
Savings Accounts | Business savings account Money market account |
Money Movement | Outgoing international wires $55-$85 Outgoing domestic wires $35 Incoming wires $20 |
Cards | 1 physical debit card |
Financing | Lines of credit, term loans, and real estate loans |
Customer Service | Phone, email, chat, in-person |
Reviews |
Park National Bank: Best for local community banking
🏆 Verdict: Park National Bank offers in-person services. This is ideal for businesses that value local community banking relationships. The financial institution focuses on local community banking but has locations across Ohio, Kentucky, North Carolina, and South Carolina.
Account Fees | $8 monthly fee |
Minimum Balances | $50 |
Checking Accounts | Business Checking Commercial Checking Commercial Checking Plus Non-Profit Checking |
Savings Accounts | Business savings accounts |
Money Movement | 150+ free transactions per month |
Cards | 1 physical debit card |
Financing | Commercial loans and lines of credit |
Customer Service | Phone, email, chat, in-person |
Reviews |
Sutton Bank: Best for fee transparency
🏆 Verdict: Sutton Bank offers a clear fee structure, ensuring businesses are never caught off guard. Their range of checking accounts caters to different business sizes and needs.
Account Fees | $0-$18 |
Minimum Balances | $100 |
Checking Accounts | Small Business Checking Regular Business Checking Business Advantage Checking |
Savings Accounts | Business savings and money market accounts |
Money Movement | $0.15 ACH $0.20 checks paid $0.12 per item deposited |
Cards | 1 physical debit card |
Financing | Business loans and lines of credit |
Customer Service | Phone, in-person, email |
Reviews |
Union Savings Bank: Best for small business loans
🏆 Verdict: With several loan options, Union Savings Bank is a top choice for businesses seeking financing solutions. Their customer service options also ensure businesses have support when they need it.
Account Fees | $7.50+ monthly fee |
Minimum Balances | $500+ |
Checking Accounts | Access Checking Essential Checking Core Checking |
Savings Accounts | Business savings and money market accounts |
Money Movement | 75 free transactions per month $60 monthly service fee for ACH payments and check positive pay |
Cards | 1 physical debit card |
Financing | Small business, commercial, and real estate loans |
Customer Service | Phone, in-person, email, chat |
Reviews |
Westfield Bank: Best for high-balance accounts
🏆 Verdict: Westfield Bank’s financial services will appeal to you if you have high-balance accounts and live in the Cleveland area. Accounts that meet its $5,000 minimum balance receive perks and incentives.
Account Fees | $250 opening deposit |
Minimum Balances | $5,000 |
Checking Accounts | Simply Business CheckingBusiness Checking Commercial Checking |
Savings Accounts | Business savings and money market accounts |
Money Movement | ACH payments Wire transfers |
Cards | 1 physical debit card |
Financing | Business loans and lines of credit |
Customer Service | Phone, email, in-person |
Reviews |
North Valley Bank: Best for flexible transaction limits
🏆 Verdict: North Valley Bank's Business Checking I account has 50 free transactions. This makes it a good option if you need flexible transaction limits.
Account Fees | $100 minimum to open an account $0-$20 monthly fee |
Minimum Balances | None |
Checking Accounts | Business Checking I Business Checking II Business Interest Checking Specialty Checking |
Savings Accounts | Business savings and money market accounts |
Money Movement | 50 free transactions ($0.35 each thereafter) with Business Checking I |
Cards | 1 physical debit card |
Financing | Commercial loans and lines of credit |
Customer Service | Phone, email, in-person |
Reviews |
Wayne Savings Community Bank: Best for non-profit organizations
🏆 Verdict: Its Non-Profit Checking account has unlimited transactions. This makes Wayne Savings Community Bank a top choice for non-profit entities. While it’s not the largest bank, its personalized services make it a win for non-profits that need flexibility and attention.
Account Fees | $50 minimum deposit to open $0-$15 monthly fee |
Minimum Balances | No minimum balance |
Checking Accounts | Business Platinum Basic Business Checking Commercial Checking Non-Profit Checking |
Savings Accounts | Business savings and money market accounts |
Money Movement | Up to 100 free items each month ($.15 each item thereafter) $.15 ACH payments Wire transfer fees apply |
Cards | 1 physical debit card |
Financing | Business loans and lines of credit |
Customer Service | Phone, email, in-person |
Reviews |
First National Bank of Pandora: Best for agriculture businesses
🏆 Verdict: First National Bank of Pandora stands out for farming and agriculture, one of the main industries in Ohio. It has specific agricultural loans to cater to these businesses.
Account Fees | $10 monthly fee |
Minimum Balances | $100 |
Checking Accounts | Business First Business Interest Non-Profit Business |
Savings Accounts | Two business savings accounts |
Money Movement | 200-400 free transactions Unlimited transactions with a non-profit account |
Cards | 1 physical debit card |
Financing | Business and agriculture loans |
Customer Service | Phone, in-person, chat, mail |
Reviews |
First Federal Savings and Loan Association of Lakewood: Best for Health Savings Accounts
🏆 Verdict: If health-related benefits for employees are important then consider First Federal Savings and Loan Association of Lakewood. While it offers other services like personal loans, a mobile app, and mobile check deposits, this service stands out.
Account Fees | $0+ monthly fee |
Minimum Balances | $1000 |
Checking Accounts | Simply Free Business Checking Business Interest Checking Commercial Checking |
Savings Accounts | Business savings, money market, and health savings accounts |
Money Movement | Coin and currency deposit fees up to $10,000 per month |
Cards | 1 physical debit card |
Financing | Business and commercial loans |
Customer Service | Phone, in-person, email |
Reviews |
What’s the best bank for small businesses in Ohio?
After reviewing the top banks for small businesses in Ohio, it's clear that each bank and bank account offers unique benefits and features. So which one is the best overall?
The answer ultimately depends on your business's specific needs and preferences. But if you're looking for convenient digital banking and want to save on pesky bank fees, Relay might be right for you.
The best part? You can apply for an account in just 10 minutes, entirely online. Get started here.
Banking Built for Business Owners
No account fees or minimums; 20 checking accounts; 2 savings accounts with 1.00%-3.00% APY; 50 virtual + physical debit cards. Open account 100% online.
Learn more
