Best Business Checking Accounts in South Carolina of July 2021

Katie Stiner

Choosing the best business checking account in South Carolina can be challenging as many banks offer a wide range of options. A business account has many advantages, such as personal liability protection and fewer headaches during taxes as expenses are separate from your personal account.

When deciding on a business checking account, consider the fees and other requirements. Typical banks have various fees, including monthly maintenance fees and transactional fees. Some banks have minimum balance requirements and may apply a fee if you go below the set limit.

Consider also the services and features offered which include in-person, online and mobile banking services, debit/credit cards, check-writing capabilities, and bill payment services. Some banks offer business tools and resources that you can use to improve your business. These include accounts integrating with accounting and credit processing tools.

We reviewed some of the available options for the best business checking accounts in South Carolina. Use our list to find the best match for you today.

Bank Novo Business Checking Account

bank novo logo

$0

Monthly Fee

$50

Min. To Open

N/A

Est. APY

Overview

Novo offers a free business checking account. It has no monthly maintenance fees or other recurring fees. The only fees charged are insufficient funds when sending checks or when a check is returned for insufficient funds. Incoming wires, domestic ACH transfers, ATMs, and paper statements are all free.

Novo allows easy integration with third-party accounting software, including Quickbooks and Xero. You can also link your Novo debit card to your Google Pay or Apple Pay Wallet. Novo also syncs with your Stripe processing account and easily integrates with Slack to get automated updates on your bank account.

If you are looking for a business checking account that is easy to use and with almost no fees, you might want to consider Novo. The bank account is also accessible in the app store for both iOS and Android devices.

What we like

  • Free ACH transfers, mailed checks, and incoming wires
  • Minimal fees and ATM reimbursements
  • Backed by FDIC insured
  • Integration with other apps
  • Doesn’t check your credit score

What we don't

  • No APY earned on your balance
  • No cash deposit
  • No outgoing wires or checkbooks

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$50
  • Min. Deposit For No Fee$0
  • Other Ways For No FeeN/A
  • Paper Statement FeeFree
  • Overdraft Fee$0
  • Negative Balance Fee$27
  • RewardsDiscounts on business tools
  • State RestrictionsNone

ATM & Debit Card

  • In-Network Domestic ATM Fee$0
  • Out-Network Domestic ATM Fee$0
  • ATM Owner Surcharge RebateOffered
  • Foregin ATM Fee1%
  • Debit Card Foregin FeeForeign fee from networks
  • Debit CardMastercard