Top 10 Best Banks for Small Businesses in Ohio (2025) – Compare & Save

Ohio’s business community is as diverse as its cities—from Cleveland’s startups to Cincinnati’s family businesses. The right bank can help your business grow and keep more money in your pocket. Let’s break down your best options—and make it easy to compare, switch, and save.

See How Ohio Compares Nationwide

Curious how Ohio stacks up against other states?
Explore all state-by-state business bank rankings to see the top picks for small businesses across the U.S.

Compare with Neighboring States

If you do business across state lines or want to see how your options measure up, check out our guides for nearby states:

• Pennsylvania

• Indiana

• Kentucky

• West Virginia

• Michigan

Thinking About Switching Banks?

Switching doesn’t have to be stressful.
Follow our step-by-step guide to switching business bank accounts and make your move with confidence.

Why More Ohio SMBs Are Choosing Holdings

• Zero fees, no minimums: Keep more of your hard-earned cash.

• High APY (up to 3.0%): Make your money work as hard as you do.

• Integrated accounting & bookkeeping: Spend less time on admin, more time on growth.

• $3M FDIC insurance: Sleep easy knowing your funds are protected.

See all features and open your Holdings account today.

The 10 Best Banks for Small Businesses in Ohio

#1 Holdings (Best for Digital-First Banking)

Holdings is a standout choice for small businesses seeking a modern, digital-first banking experience. With $0 account fees, no minimum balances, and tiered APY rates that grow with your deposits (up to 3% APY), Holdings is designed to support businesses of all sizes. It offers multi-account management capabilities for budgeting or saving, seamless integration with platforms like QuickBooks, and free ACH transfers and domestic wires.

Pros:

• $0 account fees and no minimum balances

• High APY rates (1.5%-3%) based on deposit tiers

• Free ACH transfers and domestic wires

• Integration with QuickBooks, Plaid, and Yodlee

• Access to Allpoint ATM network with no fees

Cons:

• No physical branches

• Limited services for cash-heavy businesses

Verdict: Holdings is perfect for tech-savvy entrepreneurs who value flexibility, competitive yields, and robust digital tools.

#2 Chase Bank (Best for Nationwide Coverage)

Chase Bank offers comprehensive business banking services with nationwide access. Its Business Complete Banking account includes unlimited electronic deposits and access to over 4,700 branches across the country. Chase also provides excellent credit card options tailored for small businesses.

Pros:

• Extensive branch network in Ohio

• Unlimited electronic deposits

• Strong business credit card offerings

• User-friendly mobile app

Cons:

• $15 monthly fee unless waived

• Limited free transactions (20 per month)

Verdict: Chase is ideal for businesses needing nationwide access and reliable credit card options.

#3 Huntington National Bank (Best for Local Support)

Huntington National Bank is headquartered in Columbus, Ohio, making it a top choice for local businesses. Its Business Checking 100 account offers 100 free monthly transactions and personalized customer service tailored to Ohio entrepreneurs.

Pros:

• Strong local presence

• 100 free monthly transactions

• Dedicated business banking specialists

• Affordable monthly fees ($0-$20)

Cons:

• Limited APY on savings accounts

• Transaction limits may not suit larger businesses

Verdict: Huntington is perfect for Ohio-based businesses seeking local expertise and personalized service.

#4 KeyBank (Best for Cash Management)

KeyBank’s Business Reward Checking account provides robust cash management solutions for small businesses. With a strong presence in Ohio and specialized financial tools like KeyNavigator®, it simplifies complex financial operations.

Pros:

• Advanced cash management tools

• Competitive rewards program

• Extensive branch network in Ohio

• Free online banking services

Cons:

• Monthly fee unless waived ($25)

• Limited free transactions (50 per month)

Verdict: KeyBank is ideal for businesses needing advanced cash management solutions.

#5 Fifth Third Bank (Best for Flexible Accounts)

Fifth Third Bank offers a range of business checking accounts tailored to different needs. The Business Premium Checking account includes unlimited transactions and competitive interest rates on balances.

Pros:

• Flexible account options

• Unlimited transactions on premium accounts

• Competitive interest rates on balances

• Strong presence in Ohio

Cons:

• Higher fees on premium accounts ($35/month)

• Limited digital features compared to competitors

Verdict: Fifth Third Bank is great for growing businesses needing flexible account options.

#6 PNC Bank (Best for Relationship Banking)

PNC Bank’s Business Checking Plus account combines affordable fees with relationship-driven banking services. With its Virtual Wallet® tool, PNC helps small business owners manage cash flow effectively.

Pros:

• Relationship-driven services

• Virtual Wallet® tool for cash flow management

• Affordable monthly fees ($10-$20)

• Extensive branch network in Ohio

Cons:

• Limited free transactions (150 per month)

• Higher fees on advanced accounts

Verdict: PNC Bank is ideal for businesses seeking personalized support and cash flow tools.

#7 U.S. Bank (Best for Low Fees)

U.S. Bank’s Silver Business Checking account stands out with no monthly maintenance fee and 125 free transactions per month. It’s an excellent option for startups or small businesses operating on tight budgets.

Pros:

• No monthly maintenance fee

• 125 free transactions per month

• Strong mobile app features

• Nationwide ATM access

Cons:

• Limited transaction capacity beyond 125/month

• Lower APY compared to competitors

Verdict: U.S. Bank is perfect for startups looking to minimize costs without sacrificing quality.

#8 Park National Bank (Best Regional Bank)

Park National Bank is a regional bank focused on serving communities across Ohio. It offers customized business banking solutions with strong local support.

Pros:

• Regional expertise in Ohio markets

• Personalized service

• Competitive loan options

• Affordable fees on basic accounts

Cons:

• Limited branch network outside Ohio

• Fewer digital features compared to national banks

Verdict: Park National Bank is ideal for locally-focused businesses needing tailored solutions.

#9 Citizens Bank (Best for Lending Services)

Citizens Bank specializes in lending services for small businesses. Its Clearly Better Business Checking account includes low fees and access to competitive loan products.

Pros:

• Excellent lending options

• Low monthly maintenance fee ($3-$25)

• User-friendly mobile app

• Strong presence in Ohio markets

Cons:

• Limited free transactions (200 per month)

• Lower APY on savings accounts

Verdict: Citizens Bank is perfect for small businesses needing reliable lending services.

#10 First Financial Bank (Best Community-Focused Option)

First Financial Bank emphasizes community support with tailored financial products designed specifically for local businesses. Its Simple Business Checking account offers affordable fees and personalized service.

Pros:

• Community-focused approach

• Affordable fees ($0-$10/month)

• Strong local presence

• Easy-to-use online banking tools

Cons:

• Limited transaction capacity

• Smaller branch network

Verdict: First Financial Bank is great for community-oriented businesses seeking affordable banking solutions.

Comparison Table of Top Banks in Ohio

Conclusion

Ohio’s vibrant business landscape requires banking solutions that can keep up with its diverse needs. Whether you’re looking for cutting-edge digital tools or personalized regional support, this list highlights the best options available in the state today. Holdings stands out as the top choice due to its unparalleled flexibility, competitive APYs, and seamless integrations that simplify financial management.

Ready to transform your business finances? Open an account with Holdings today at GetHoldings.com!