BB&T Small Business Checking – 2019

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  • BB&T’s business checking accounts are best for small businesses located near a branch or looking to online bank exclusively.
  • There are no introductory offers at this time.
  • There are no monthly fees or minimum balances for the small startup checking account. Wiring services fees still apply.
  • 2,100 branches across the U.S. and 3,100 BB&T ATMs located in 17 different states
  • Additional features like Small Business Online unlimited bill pay or the CashManager OnLine available for all four business checking accounts.
  • There is no out-of-network ATM fee reimbursement plan.
  • Start a BB&T business checking account online in 15 minutes or less online, in person, or over the phone.

Is BB&T easy to use?

BB&T is easy to use with their mobile application and sleek online banking portal. While BB&T is not the largest bank offering business checking accounts, they do offer four differently scaled options to customize checking experiences for businesses with various financial service needs.

What are BB&T‘s checking account options?

Business Value 50 Checking – for sole proprietorships and startups

  • No monthly maintenance fee or balance requirement
  • 50 free combined items monthly
  • Free $3,500 cash processing monthly
  • BB&T Small Business Online offers unlimited bill payment
  • Pair the checking account with a BB&T business credit or debit card.

Business Value 200 Checking – for small businesses with low check and cash deposit transactions

  • Avoid monthly maintenance fee with qualifying activity and balances  
  • 200 free combined items monthly
  • Free $10,00 cash processing monthly
  • BB&T Small Business Online offers unlimited bill payment
  • Pair the checking account with a BB&T business credit or debit card.

Business value 500 Checking – for businesses with moderate to high need transaction services

  • Avoid monthly maintenance fee with qualifying activity and balances  
  • 500 free combined items monthly
  • Free $30,00 cash processing monthly
  • BB&T Small Business Online offers unlimited bill payment
  • Pair the checking account with a BB&T business credit or debit card.

BB&T Business Analyzed Checking – for businesses with higher checking activity or in need of additional financial services

  • Earn a credit allowance to reduce or eliminate fees
  • BB&T Small Business Online with unlimited bill payment
  • Pair the checking account with a BB&T business credit or debit card.

Does BB&T offer checking account bonuses?

There are no introductory offers for BB&T checking accounts at this time, but their small business checking account the Business Value 50 has no monthly service fee, which is a big incentive for sole proprietors and startups.

How much are BB&T ‘s business checking fees?

There are no monthly fees for BB&T’s business checking accounts and no balance requirement. Other fees do apply, however:

  • $0.50 per item transacted after the first free 50 items
  • Incoming Wire Transfer Fee: $15
  • Outgoing (Domestic) Wire Transfer Fee: $15
  • Outgoing (International) Wire Transfer Fee: $15
  • Overdraft Fee: $36 per item
  • Out-of-network ATM transaction fees apply
  • Cash Deposit Fee: Up to $3,500 cash processing for free and $2,50 per $1000 over the checking account limit
  • $3 fee applies for every paper statement delivered per cycle.

How big is BB&T?

BB&T is headquartered in North Carolina, with over 2,100 branches across the U.S. and 3,100 BB&T ATMs located in 17 different states. They have an A+ Better Business Bureau rating and cater to small businesses. Phone support is available from 6 am to midnight ET. Online inquiries will receive responses within 2 to 3 business days.

Does BB&T have special account features?

The main special feature that BB&T offers is the Small Business Online mobile-friendly portal. Every business checking account comes with the BB&T Small Business Online feature that allows business owners to do the following:

  • Manage accounts
  • Pay bills
  • View online statements
  • Transfer funds
  • Keep checking account managers up to date with email and text alerts
  • ACH & Wire services for same-day wire transfers
  • ACH payments for direct deposit
  • Federal tax payments
  • B2B and B2C payment services
  • You can sync your checking account with Quicken or Quickbooks.

Enhanced Security Features

  • 128-bit encryption technology
  • Multiple firewalls to protect the banking network and your checking account
  • Log-on security measures with auto logoff when there is measured inactivity

CashManager OnLine

  • Gives you 24/7 access to banking information
  • Cashflow management tools
  • Perform real-time cash transactions like ACH, wire transfers, and monitor check status.

How do I open a BB&T account?

You can enroll with BB&T online, over the phone, or at any branch location. To create an account all you will need to do is provide the requested information so BB&T can verify your identity as a business owner. Once you become verified you can create a User ID and password for the site and begin your application process. You can also set up and manage accounts for partners and accounting employees easily.

Summary

BB&T does not have a lot of branch locations, but they have a strong mobile app and 24/7 customer service support and access. Their four tiers of checking accounts give businesses a customized financial service solution and they can grow with the bank as the company grows. This gives business owners peace of mind that they will never have to switch banks once they have chosen. The application process is easy, and while there are no signup bonuses, if you are a smaller business entity or sole proprietor you can start business checking with BB&T for free.

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