Best Business Bank for Optometrists
Clear vision for your patients. Clear finances for your practice.
What Optometrists Need From a Bank
Average Revenue
$300,000–$800,000
Cash Flow Pattern
Moderate seasonality — uptick when insurance benefits reset in January and before school starts in August; steady otherwise
Typical Transactions
100-400/month
Category
Healthcare
Primary Banking Needs
Optometrists run two businesses in one — your bank should understand that
VSP paid you $47 for a comprehensive exam that took 30 minutes — and the reimbursement took 3 weeks
You can't tell if your optical shop is profitable or if it's being subsidized by exam revenue
Your $150K OCT machine is depreciating and your bank doesn't track it as a business asset
Best Banks for Optometrists Compared
| Bank | Monthly Fee | APY | FDIC |
|---|---|---|---|
| Holdings | $0 | 1.75% | $3,000,000 |
| Stock Yards Bank & Trust | $15-25 | Competitive rates | $250,000 |
| BMO Bank | $15-35 | Market rates | $250,000 |
| U.S. Bank | $15-25 | Standard rates | $250,000 |
| PNC Bank | $15-30 | Standard rates | $250,000 |
| Wells Fargo | $15-40 | Low rates | $250,000 |
Holdings
$0/mo · 1.75% APYOptometry practices wanting AI-powered management of clinical and retail operations
Key Features
- •AI bookkeeping
- •Patient payment tracking
- •Insurance billing management
- •Frame inventory financing
- •Equipment expense tracking
Pros
- ✓No fees ever
- ✓High FDIC coverage
- ✓AI-powered practice insights
- ✓Perfect for retail/clinical mix
Cons
- ✗Newer to market
- ✗Digital-first approach
Stock Yards Bank & Trust
$15-25/mo · Competitive rates APYOptometry practices needing specialized healthcare professional banking
Key Features
- •Healthcare professional banking
- •Optometry practice loans
- •Equipment financing
- •Practice acquisition loans
- •Professional banking
Pros
- ✓Healthcare professional expertise
- ✓Optometry practice experience
- ✓Equipment financing
- ✓Professional service focus
Cons
- ✗Regional presence
- ✗Monthly fees
- ✗Limited technology features
BMO Bank
$15-35/mo · Market rates APYOptometry practices with mixed clinical and retail operations
Key Features
- •Healthcare practice banking
- •Optometry specialists
- •Equipment financing
- •Retail financing
- •Cash management
Pros
- ✓Healthcare banking experts
- ✓Equipment financing
- ✓Retail/clinical dual focus
- ✓Professional services
Cons
- ✗Monthly fees
- ✗Regional limitations
- ✗Complex pricing
U.S. Bank
$15-25/mo · Standard rates APYOptometry practices needing SBA loans and equipment financing
Key Features
- •Healthcare practice financing
- •Equipment loans
- •SBA lending
- •Merchant services
- •Business banking
Pros
- ✓Healthcare practice lending
- ✓SBA expertise
- ✓National presence
- ✓Equipment financing
Cons
- ✗Monthly fees
- ✗Less specialized for optometry
- ✗Complex fee structures
PNC Bank
$15-30/mo · Standard rates APYOptometry practices in PNC markets needing comprehensive banking
Key Features
- •Healthcare practice banking
- •Equipment financing
- •Merchant services
- •Cash management
- •Professional services
Pros
- ✓Healthcare industry focus
- ✓Equipment financing
- ✓Regional strength
- ✓Technology platform
Cons
- ✗Monthly fees
- ✗Geographic limitations
- ✗Higher minimums
Wells Fargo
$15-40/mo · Low rates APYLarge optometry practices prioritizing branch access and comprehensive services
Key Features
- •Business banking solutions
- •Healthcare practice support
- •Equipment financing
- •Merchant services
- •Treasury management
Pros
- ✓Large branch network
- ✓Comprehensive services
- ✓Equipment financing
- ✓Merchant services
Cons
- ✗High fees
- ✗Complex pricing
- ✗Less healthcare specialization
Frequently Asked Questions
Can Holdings separate my exam revenue from optical retail sales?
Yes. Our AI bookkeeping auto-categorizes insurance reimbursements, copays, and retail frame sales into distinct streams so you see exactly where profit comes from.
Does Holdings track equipment depreciation?
Holdings categorizes equipment purchases as capital expenses, giving you and your accountant clean records for depreciation schedules.
I take multiple vision plans. Can Holdings handle that?
Absolutely. Reimbursements from VSP, EyeMed, Davis Vision, and others are all tracked and categorized automatically.
Are there fees for the high number of small transactions in a busy practice?
Zero per-transaction fees. Whether you process 20 or 200 transactions a day, Holdings doesn't charge extra.
Banking for Optometrists by State
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Ready to open your account?
Holdings offers free banking with 1.75% APY for optometrists.