June 23, 2025

Best Banks for Small Business in Idaho

By Alyssa Supetran
Read more about Best Bank Account for Small Business
Editorial Note: This content is not provided by the companies mentioned. Opinions expressed here are author's alone, and have not been reviewed, approved or otherwise endorsed by the companies.
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Need a bank for your small business in Idaho? U.S. Bank, ICCU, and Bluevine are some of the top options for local small businesses in the Gem State.

Which bank is best for a small business account in Idaho?
These are the 10 best banks for small business accounts in Idaho:
  1. U.S. Bank for national bank with free checking
  2. Idaho Central Credit Union (ICCU) for local credit union
  3. Wells Fargo for SBA loans
  4. Zions Bank for inclusive business funding
  5. D.L. Evans Bank for local business banking
  6. KeyBank for large cash deposits
  7. Chase Bank for built-in credit card processing
  8. Capital One for unlimited fee-free transactions
  9. Bluevine for high-interest checking accounts
  10. Lili for freelancers & solopreneurs

Just as polishing reveals a gemstone's full beauty, the right bank's support can help your small business grow and succeed.

Luckily, Idaho has plenty of choices for its entrepreneurs, from national banks like U.S. Bank to local ones like D.L. Evans Bank.

Explore each option and see which one best meets your company's unique requirements.

10 Best Banks for Business Accounts in Idaho

From low fees to accessible loans, these banks offer the necessary services to help your business thrive in Idaho's competitive market.

U.S. Bank

Best for: National bank with free checking

U.S. Bank is a national bank with an extensive physical presence in Idaho. With over 50 local branches, mostly in Boise, it's a convenient choice for Idaho-based entrepreneurs who prefer banking in person.

The U.S. Bank Business Essentials account combines business checking and card payment acceptance in one streamlined solution, all without monthly fees.

Accept payments, track cash flow, and access your funds same-day, all from one account. Plus, you get a free mobile card reader, unlimited digital transactions, and the ability to sync with your accounting software for real-time insights.

U.S. Bank also offers a wide range of business credit cards, startup-friendly loans, and personal banking products—so you can keep both your business and personal banking under one roof.

Pros:

  • Free checking account with built-in payment processing
  • Other specialty business checking options
  • Extensive ATM network for no-fee withdrawals

Cons:

  • Limited fee-free paper transactions
  • Fewer features than others

Which banking service do you need for your small business?

Not sure about using a traditional bank? Credit unions can be great alternatives, especially for lower fees and unique perks.

Idaho Central Credit Union (ICCU)

Best for: Local credit union

Idaho Central Credit Union is a state-chartered credit union based in Chubbuck, Idaho with 60+ branch locations in the states of Idaho and Washington.

It's a solid choice for local business owners who want benefits that traditional banks might not offer, like lower fees and competitive rates. Plus, ICCU's business members enjoy personalized support through dedicated business teams. Experienced bankers will work with you to find the best possible solutions for your company.

ICCU also has an extensive selection of services, including several business checking options. The Small Business Checking account, in particular, has no monthly fee or minimum daily balance requirements.[1] And you get up to 200 free transactions per month—ideal for startups and small businesses with low activity.

Beyond checking accounts, ICCU offers business savings accounts, financing options, merchant services, and more. It even has payroll & HR solutions to help keep your company running smoothly.

Have questions or need help with your business account?
Just call ICCU's customer support team from 7 AM to 7 PM MT on weekdays and 8 AM to 4 PM MT on Saturdays. If a phone call isn't enough, you can also reach out through video chat for remote support.

Pros:

  • Dedicated teams for business accounts
  • Multiple business checking options
  • Good selection of business services
  • Extended customer support hours

Cons:

  • In-person application only for business accounts
  • Doesn't participate in shared branching

You may need more capital as your business expands. This next option could help you achieve the growth you need.

Wells Fargo

Best for: SBA loans and extensive business services

Wells Fargo is a financial giant with a strong physical presence in Idaho. It has over 40 branches in the state, mostly around Boise.

Wells Fargo offers a comprehensive suite of business products, including banking, insurance, and payroll services under one roof.

Need capital to start or grow your business? Wells Fargo is one of the country's top SBA 7(a) lenders. It can help you secure small business loans quickly with more favorable terms, such as longer repayment times or lower interest rates.

For business checking, the Initiate Business Checking Account is a great starter account for new businesses with less activity. As your business grows, you can easily upgrade if you need more features.

Pros:

  • Top SBA lender
  • Comprehensive small business services
  • Several business checking options

Cons:

  • Many banking fees like wires and overdrafts
  • Low interest rates for savings accounts

Zions Bank

Best for: Inclusive business funding

Zions Bank is a regional bank based in Salt Lake City, Utah with 121 full-service branches across Utah, Idaho and Wyoming. If you're looking for inclusive funding, this bank is worth looking into.

Besides the usual SBA loans and credit lines, Zions Bank offers accessible funding to underrepresented groups through its Small Business Diversity Banking Program. This can make it easier to get financial support to grow your small business.

Additionally, it has six business checking options for businesses of all sizes and requirements. For example, the Business Inspire® Checking account can be a great fit for startups and newer businesses with low activity and simple needs. The others are great for high activity volume or earning interest.

If you have questions or problems with your account, you can call its support team even after regular business hours. They're available from 6 AM to 9 PM MT from Monday to Saturday.[2]

Zions Bank is a subsidiary of Zions Bancorporation, N.A., which operates in eight other states under different brands. For example, it's known as Amegy Bank in Texas and Nevada State Bank in Nevada.

Pros:

  • Accessible financing for underrepresented groups
  • Variety of business checking options
  • Extended customer support hours

Cons:

  • Many banking fees like overdrafts and wires
  • Low APYs for business accounts

D.L. Evans Bank

Best for: Local business banking

If you're looking for a bank that offers comprehensive services and strong local support, consider D.L. Evans Bank. This family-owned community bank isn't just based in Idaho—it's also built around it.

As a business owner, you'll see this in how their business bankers take time to understand your company and use their knowledge of local market trends and regulations to help you choose the right services. If you need a business loan, you'll enjoy local decision-making and underwriting in addition to their expertise.

You can also choose from a wide selection of business services, ranging from the usual merchant and digital banking solutions to more niche ones like its Workplace Benefits and MyCardCreation® services. You can get everything you need to streamline your business operations from one place.

D.L. Evans Bank's support for Idaho businesses goes beyond financial services. It regularly reinvests in local communities through sponsorships, donations, and volunteer efforts. That means you're partnering with a bank committed not just to your growth—but to the local economy your business depends on.

D.L. Evans Bank's BankLive feature can make life as an entrepreneur easier. This allows you to conduct important transactions and receive live support through video chat, so you can keep your business running smoothly even when you can't stop by one of its 30+ branches in Idaho.

Pros:

  • Hands-on, personalized support
  • Local decision-making for business loans
  • Good selection of business services
  • Strong community involvement

Cons:

  • Less competitive APYs
  • Customer service quality varies per branch

Does your business handle a lot of cash? This next bank has generous monthly limits for cash deposits.

KeyBank

Best for: Large cash deposits

KeyBank is a regional bank based in Cleveland, Ohio. It has 20 branches in Idaho, mostly around Boise and Meridian.

It's worth checking out if your business handles many cash transactions. With any of its business checking accounts, you can deposit cash up to $25,000 per month for free. You just need a minimum deposit of $25 to open an account.

KeyBank doesn't have a free checking option, but the requirements to waive the monthly fees are reasonable. So, you don't have to worry about losing part of your earnings to monthly fees.

Additionally, 40,000+ KeyBank and Allpoint ATMs nationwide are available to you with no-fee withdrawals. The money you save on ATM fees can go towards your business needs instead.

Have questions about KeyBank's business services or your account?
KeyBank's small business bank specialists are happy to help. You can call or chat with them from 8 AM to 9 PM ET on weekdays and until 5 PM ET on Saturdays.[4]

Pros:

  • Low opening requirements
  • High free cash deposit limits on all checking
  • Extended customer support hours
  • Large ATM network

Cons:

  • Low APY for checking account
  • In-person applications only

Does your business process a lot of credit card transactions? This next option might be a good fit.

Chase Bank

Best for: Built-in credit card processing

Chase Bank is a national bank with a decent local presence in Idaho. It has 15 branches across the state, mostly in Boise—a major advantage for businesses based there.

Chase is a great option if your small business accepts credit card payments from customers. It's good for small retail stores, restaurants, and service-based businesses.

The Chase Business Complete Banking account includes built-in credit card processing. No need for a separate merchant account.

With the QuickAccept feature, all payments are deposited into your account on the same day. So you can keep your cash flow moving and prevent business interruptions.

Chase also has excellent customer service and a wide selection of business products. In particular, its popular business credit cards give generous cashback and travel rewards.

Chase Bank often offers new customers bonuses for opening business bank accounts. Check back regularly to see current promotions.

Pros:

  • Checking with built-in payment processing
  • Highly rated mobile app
  • Unlimited electronic transactions
  • Offers promotions for new customers

Cons:

  • Many banking fees
  • Low interest rates

Don't need in-person banking? Consider an online account for more features and benefits.

Capital One

Best for: Unlimited fee-free transactions

Capital One is a popular hybrid physical/online bank with 263 branches across the country. While it doesn't have physical branches in Idaho, don't write it off just yet.

Capital One can be a great option for highly active businesses. It gives you unlimited free transactions for deposits, withdrawals, and money transfers. Process all business transactions without worrying about it becoming too costly.

Plus, enjoy free withdrawals at any of the over 70,000 no-fee Capital One, MoneyPass, and Allpoint ATMs nationwide.

In addition, Capital One has a wide selection of other banking products designed specifically with small businesses in mind. You can get business credit cards, savings accounts, and credit card processing services all from one bank.

Pros:

  • Unlimited free transactions
  • Extensive ATM network
  • Wide selection of small business banking products

Cons:

  • High waiver requirements for monthly fees

Bluevine

Best for: High-interest checking accounts

If you don't mind an online-only option, Bluevine is a great alternative to traditional brick-and-mortar banks. It stands out with its high-yield business checking and flexible lines of credit.

Even at the basic tier, you earn up to 1.5% APY on balances up to $250,000 with monthly eligibility requirements; 0% APY on balances over $250,000. There are no monthly fees, minimum balance requirements, or overdraft fees.

You can also create and send unlimited free branded invoices and share secure payment links powered by Stripe. These links allow customers to pay using multiple methods, with funds deposited directly into your Bluevine account.

Plus, with the free Standard plan, you can open up to five sub-accounts, each with its own account number. This allows you to organize your funds better and set budgets for payroll, taxes, and vendor payments. You can even set custom rules and permissions for better security and account management.

All sub-accounts also earn interest up to the combined maximum. You can keep your funds well-organized and still get the most out of your high-yield checking account.

Need extra funds to ride out a slow season or grow your business?
Bluevine offers a flexible business line of credit up to $250,000.[5] Decisions take as little as 5 minutes, so you can keep moving forward.

Pros:

  • High APYs on checking balances
  • Free sub-accounts
  • No monthly fees
  • Free withdrawals at approximately 40,000 MoneyPass ATMs
  • Free unlimited invoicing and payment links

Cons:

  • No physical branches
  • Fees for cash deposits

Bluevine is not a bank.
It partners with Coastal Community Bank, Member FDIC, and a trusted network of program banks to provide FDIC insurance up to $3 million.

Lili

Best for: Freelancers and solopreneurs

Lili is another online-only option worth considering for small business owners in Idaho.

The basic checking option is a great starter account for freelancers or startups because it has everything you need for your business's day-to-day operations. Plus, it has no monthly service fees or minimum balance to worry about.

But if you want more features, like an automatic tax savings account or expense tracking, you can always upgrade to Lili’s paid plans. The Smart checking option includes accounting software to keep your records well-organized and ready for the next tax season.

You can also get multiple Visa® debit cards with any account and earn cashback rewards when you use them with Lili's partner merchants.[6] Worried about overspending? You can set individual spending limits to keep your expenses within budget.

Lili's Early Access feature lets you receive customer payments up to two days earlier than expected when you’re paid via ACH Transfer.[7]

Pros:

  • Free checking option
  • Single login for multiple accounts
  • Debit cards with cashback rewards
  • Early access for direct deposits

Cons:

  • Limited features for Lili Basic
  • Fees for cash deposits

Lili is a financial technology company, not a bank.
Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC.

How to Choose the Right Bank for Your Business?

Before committing to a bank, be sure they have the features you're looking for. Consider these:

  • Monthly fee & minimum balance
    Some banks require a minimum balance in your account. Otherwise, you'll pay a monthly fee. See if the requirement makes sense for your business. Some of our listed banks have no minimums and no monthly fees.

  • Monthly transaction limits
    Most business checking accounts cap the number of free transactions your account can do monthly. Then a fee is charged thereafter. Pick an account that can accommodate your transaction volume.

  • Cash deposits
    Does your business deal with a lot of cash? Most accounts offer fee-free cash deposits up to a certain amount per month.

  • Accessibility
    Most of the banks on our list have a good number of branches and ATMs in Idaho. However, it's still best to check the availability of your chosen bank in your area, and how convenient it would be for you on a day-to-day basis.

    You can try online-only options like Bluevine or Axos if you don't need a physical branch. They usually offer better fees and higher rates than brick-and-mortar banks.

  • Small business loan options
    Sometimes, it's easier to get a loan from the same bank you use for checking since you have an established relationship. See what loan options the bank has and their terms.

  • Customer support
    You should be able to get help as soon as you need it. Get a sense of the bank's customer service for small business owners. Some banks have small business specialists who can give you more tailored guidance.

  • Mobile app
    Many business owners bank on the go. Having a reliable mobile banking app is a must.

  • Software integration
    Does the bank integrate with any accounting software, like QuickBooks, Freshbooks, or Xero? This helps save time and hassle when it comes to bookkeeping and tax reporting.

What's most important to you when choosing a small business bank?

Why Have a Business Bank Account

It's important to separate your business finances if you have an LLC or corporation in Idaho. Doing so helps protect your personal assets if your business gets sued or has unpaid debt.

While this isn't a requirement for sole proprietors, having a separate business bank account will make your life easier.

Here's why you should have a business bank account:

  • It's easier to calculate business expenses during tax time.
  • The business looks professional to customers and vendors.
  • Pay bills and make purchases from your business funds.
  • Accept credit card payments from customers.
  • Apply for business loans.

What kind of bank account should I open for my small business?
Your business should have at least a checking account for day-to-day operations like paying bills, receiving deposits, and making purchases. If your business has extra funds, open a business savings account to save for emergencies and plans.

Our Methodology

To identify the best banks for small businesses in Idaho, we first looked for banks with a strong presence in the state. So, you'll be able to find branches or ATMs easily wherever you are.

Then, we looked into the banks' fees, account features, and other business services. We chose banks with a free business checking option or reasonable terms to waive the monthly fees.

We also looked for unique banking features that cater to the specific needs of small businesses. This includes built-in payment processing, cash flow tools, or generous cash deposit limits.

FAQs

Do I need an Idaho ID to open a business bank account in Idaho?
Yes, most banks in Idaho require proof of residency to open a business bank account. You may need to present an Idaho driver's license, business license, or business registration.

Should an Idaho LLC have a separate bank account?
Yes, it should. A separate bank account can reinforce your Idaho LLC's liability protection by proving you're not commingling funds.

What is the minimum to open a business account?
The minimum amount needed to open a business account can range from $0 to $1,000. It differs from bank to bank, so it's best to check with your preferred bank.

Can I use a regular bank account for my small business?
It's best to have a dedicated business bank account for your small business. Aside from liability protection, it also helps keep your finances organized.

Can I open a business bank account with bad credit?
Banks generally don't do a credit check when you open a checking or savings account. So it's possible to open a business bank account, even with low personal credit.

Banks may still check your ChexSystems report. If you had problems with your personal account, that may affect your ability to open a business bank account. If you think that'll be an issue, consider banks that don't use ChexSystems.

Bottom Line

For Idaho's local small businesses, U.S. Bank is one of the best banking options available because of its extensive local presence, free checking account, and convenient digital tools.

Alternatively, a local bank like D.L. Evans Bank might be better for local expertise and hands-on support. And don't forget to consider online-only options like Bluevine, which often have higher APYs and lower fees.

No matter which bank appeals to you, consider your business's unique requirements first before deciding.

References

  1. ^ Idaho Central Credit Union. Small Business Checking, Retrieved 02/28/2025
  2. ^ Zions Bank. Customer Service & Contact Us, Retrieved 02/27/2025
  3. ^ KeyBank. KeyBank Basic Business Checking, Retrieved 10/25/2024
  4. ^ KeyBank. Small Business Support & Assistance, Retrieved 10/25/2024
  5. ^ Bluevine. Line of Credit, Retrieved 02/23/2025
  6. ^ Lili. Business Banking Designed to Help You Succeed | Lili, Retrieved 02/23/2025
  7. ^ Lili. What is Early Access for ACH Transfers? - Help Center | Lili, Retrieved 02/23/2025

Alyssa Supetran is a research analyst at CreditDonkey, a credit card comparison and reviews website. Write to Alyssa Supetran at alyssa@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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