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9 Best Small Banks for Business in Delaware Ranked for 2024 – NetWorth |

Capital One enhances the banking experience for small businesses in Delaware with its array of rewarding options. They make banking attractive by offering incentives such as cash back, travel rewards and other reward cards.

Their easy-to-use mobile app simplifies account management and their advanced technology ensures secure online transfers and financial transactions. Capital One offers loans tailored to the needs of small businesses with flexible repayment terms.

Why we chose it: Capital One allows unlimited digital transfers, giving you the flexibility to manage your money seamlessly.

Positives

  • Unlimited digital transfers
  • No overdraft fees
  • Extensive ATM network

Cons

  • Few physical branches
  • Monthly account fees
  • Fees for using out-of-network ATMs

Cost

Capital One charges a $15 monthly fee for business accounts, which can be waived by maintaining a $2,000 balance for a 30 or 90 day period. There are no fees to use Capital One’s 70,000 ATMs nationwide.

Interest rates

Opening a business savings account with Capital One can earn you interest as high as 0.20% in your first year on balances up to $5 million, offering significant growth potential. However, their checking accounts do not earn interest, highlighting the value of their free digital transfers.

Minimum balance

There is no minimum balance requirement to keep your account open, but if you keep at least $2,000 in your checking account you can avoid the monthly fees. Extra money in your savings account can earn interest, maximizing your resources.

Access to Mobile Banking

With limited physical locations, Capital One highly rated mobile app is invaluable. It allows you to handle all banking activities, including transfers, digital payments and deposits, using your device’s camera. The app also provides access to the CreditWise service, which allows you to check your credit score and receive financial tips.

>>View Capital One >>