Best Business Checking Accounts in South Dakota of October 2021

Katie Stiner

South Dakota has hundreds of options when it comes to choosing a business checking account. 

When deciding on an account, carefully consider the available choices to find the one that’s right for your business. For example, if you are primarily an online business, a digital bank with robust online and mobile access is ideal.

Also, consider the fees and other requirements. There can be monthly maintenance fees, transactional fees, balance requirements where the bank may apply a fee if you go below the set limits. Some checking accounts offer free business tools and resources, such as budgeting and cash flow management tools with seamless integration. Be on the lookout for other benefits and perks, including introductory offers and bonuses.

WalletBrain recognizes that finding the right account can be quite challenging. To make the process easier, we reviewed some of the best checking accounts in South Dakota based on their features, fees, and benefits. Compare our top picks to find the best match for you. 

Bank Novo Business Checking Account

bank novo logo


Monthly Fee


Min. To Open


Est. APY


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