Best business bank accounts for LLCs in Texas

Update: January 2, 2024

By: Tom Macken


Our selection of the best bank accounts for Texas LLCs
How to choose the business bank accounts for Texas LLCs?
How much do business bank accounts cost for Texas LLCs?

So you’ve opened up your LLC in Texas and need a business bank account? Or maybe you just want a bank that works harder for your hard earned revenues? Here’s our selection of the best banks to choose when you’re an LLC in Texas. We also provide our advice on finding the account that best suits your needs.

Our selection of the best bank accounts for Texas LLCs

Do you want to create a business bank account for your LLC? We have selected 4 banking institutions that offer bank account offers for LLCs that meet the needs of all managers of small and medium-sized businesses.

  • Bluevine – Best overall and free, ideal suited for Texas LLCs who prefer to manage their finances online
  • Novo – Best for fee-free digital banking, perfect for small businesses
  • Chase – Best traditional bank with hundreds of Texas bank branches for LLCs that require face to face services
  • Bank of America – Best for traditional banking, LLCs can avail of over 350 locations in Texas

The various bank accounts presented are a mix of online banks and traditional banks depending on the particular needs of a Texas LLC. This allows SMBs to pick a bank that best fits with their needs and requirements. 


Bluevine is an online FinTech company that allows Texas LLCs to easily set up an online bank account which has no monthly fees, transaction fees or minimum opening deposit and excellent online and mobile banking features.

Incoming and Outgoing ACH fees are zero, which is very attractive for Texas business owners who have many transfers. There are some fees with outgoing wire fee of $15.00, whilst cash deposit fees are charged at $4.95 per deposit, but a superb trade overall product that’s easy to use and offers unlimited transactions. 


Novo is a business banking platform for small business owners, freelancers, startup founders and solopreneurs, allowing them to open business checking accounts in minutes.

Novo charges almost no fees. You’ll need a $50 opening deposit in order to open a new account, but after that, there are no minimum account balance requirements or recurring fees of any kind. In addition, there are no monthly maintenance fees, minimum deposits for opening or minimum balance requirements, a huge help for businesses starting out. 


Chase is the largest bank in the U.S. and provides a wide variety of financial products for small businesses including checking accounts, loans, bus iness savings and credit cards.

The Chase Business Complete Checking account costs $15 monthly fee to a Texas LLC as well as savings service fees of $5 per month and cash deposit fees of $2.50 per $1000 after the first $5,000 per month. One of the key benefits of Chase is access to bank branches and an extensive ATM network, which may be important depending on the nature of your business activities. 

Bank of America

Bank of America is one of the world’s largest financial organizations, a brick and mortar bank serving small businesses with a range of banking, asset management and other services for LLCs. 

Texas LLCs can sidestep the Bank of America monthly service fees of $16 for the Fundamental or $29.95 for the Relationship checking accounts if they maintain a minimum monthly balance of $5k and $15k respectively. Bank of America may be a good option if you’re an LLC in healthcare or agriculture, where the bank offers industry-specific financing solutions. 

This selection above is of course not exhaustive for those forming an LLC in Texas. There are plenty of alternative business banks with alternative fees, products and services. LLC’s in Texas with need to have a bank advisor and/or branch facilities can opt for a Wells Fargo account. Similarly, online oriented Texas LLCs can check out Relay’s zero fees and up to 20 checking accounts option. 

How to choose the business bank accounts for Texas LLCs? 

Finding the best business bank account for LLCs in Texas is about finding the bank that best suits your needs and business activity. You must therefore start by defining your banking needs to manage your business and consider the following: 

  • Means of payment: Would you like to be able to pay for your business expenses by credit card, check, cash withdrawals or transfers?
  • Accounting: Some software allows your bank to sync with your accounting tools
  • Desired payment methods: How do your customers pay you (bank card, check, cash) Do you offer online payment? What credit card reader do you use?
  • Bank adviser: Few online banks offer this service however it is often included or paid for with traditional banks
  • Financing: Online banks may not offer financing solutions such as overdraft or business loans, a feature that is more likely a traditional high-street bank
  • Additional services: Insurance and savings

It is essential to take all of the above factors into consideration as well as the fees charged by the business bank to better understand if this is the right bank for your Texas LLC.  

How much do business bank accounts cost for Texas LLCs? 

The price of a business bank for an LLC varies per each bank and their related products and  services offered. Online banks offer the most affordable return, with Bluevine charging no monthly, transaction, overdraft or minimum balance fees. They do charge some fees, with a $2.50 charge for using non-MoneyPass ATMs but all-in-all are very competitive. 

Other banks charge fees for a wider range of services or particular financing solutions or support from a personal adviser, including $35 monthly fees from Capital One for its Spark Business Unlimited Checking. Fees can be waived on this if certain conditions are met. 


What is the best business bank account for an LLC in Texas?

The best business bank account for a Texas LLC will depend on your pricepoint and particular banking service needs. Some banks like Novo are 100% online with no monthly fees, a perfect fit for some whilst other banks have hundreds of bank branches, a more ideal fit for other LLCs.

Is a business account mandatory for Texas LLCs?

Under state and federal law, a Texas LLC is not required to have a separate bank account for its business. However, Texas LLC with a separate bank account will help create a separate business identity, which is important for maintaining your limited liability protection.

Editorial Manager

Tom is the founder of He reads the offers, deciphers the details including features, pricing, included services and more to find you the best products and services.


Our selection of the best bank accounts for Texas LLCs
How to choose the business bank accounts for Texas LLCs?
How much do business bank accounts cost for Texas LLCs?

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