NBKC Bank has a great option for small businesses with its fee-free business checking account. You won’t have to deal with monthly fees, incoming domestic wire fees, or overdraft charges. There’s no need for an initial deposit or to maintain a minimum balance. While NBKC operates just four branches in Kansas and Missouri, you can easily open an account online from anywhere in the country.
Quick Facts:
- Rating: 4.65/5
- Starting Cost: Free business checking account.
- Key Features:
- No monthly fees or balance requirements.
- Free debit card.
- Unlimited check deposits.
- Autobooks for invoicing.
- Up to $12 ATM fee rebates for non-network ATMs.
NBKC’s Business Checking is perfect if you’re looking to cut down on traditional banking fees. You won’t encounter multiple charges because NBKC emphasizes a no-cost experience for its customers. Plus, the account offers various solutions to help you manage cash flow effectively.
Customer Feedback:
Users rate NBKC highly, with scores of 4.8 on Trustpilot and 4.9 on WalletHub. People often praise their customer service, especially the representatives who assist with mortgage processes. Feedback on the mobile app is largely positive, although a few users have reported slow loading times. Some have suggested it could use more features.
Pricing Structure:
With NBKC, you save on many fees:
- No monthly fees, and no initial deposit needed.
- Free incoming and $5 outgoing domestic wire transfers.
- $45 for international wire transfers.
- Free deposits via ATM and desktop.
- You can also enjoy rebates up to $12 for non-network ATM fees.
Key Features Explained:
The NBKC Business Checking account offers:
- No monthly fees or minimum balance.
- Unlimited check deposits without per-item fees.
- An easy invoicing option through Autobooks, starting with a free month and then $10 monthly.
- Access to over 40,000 MoneyPass ATMs with refunds for any third-party ATM fees.
While the account provides solid fee-free options, there are a few drawbacks. You won’t earn interest, and you’ll need to pay for invoicing through Autobooks after the trial. Also, the bank has limited physical locations with just four branches available.
Pros and Cons:
Pros:
- Mostly fee-free with no monthly charges or minimum balance.
- Unlimited check deposits.
- Easy online account opening process across all 50 states.
Cons:
- No interest on the checking account balances.
- Invoicing requires a $10 monthly fee after the free trial.
- Limited physical branch access.
If this account doesn’t meet your needs, consider alternatives like Bluevine, which offers interest on balances, or Mercury, which provides free and unlimited invoicing. U.S. Bank is a solid option if you prefer more in-person banking locations.
Frequently Asked Questions:
- Main Features? Unlimited deposits, ATM fee rebates, no overdraft/ monthly fees or minimum requirements.
- Minimum Deposit? No minimum opening deposit is required.
- Transaction Limits? There are no transaction limits.
- Wire Transfer Fees? Free incoming domestic wires; $5 outgoing domestic; $45 for international.
- How to Open an Account? Visit NBKC’s website or a branch with your ID and business information.
