When you’re choosing among the best small business banks in Missouri, sorting through all the features and fees is time-consuming. However, it’s worth the time to do your research. The right bank can make your financial processes a lot easier—but a poor choice can cut into your profits. This roundup offers five of the best choices for small business owners in Missouri, from a digital-first option to credit unions and traditional banks.

The 5 Best Small Business Banks in Missouri

These banks offer tailored solutions for small business owners in Missouri, providing a mix of competitive rates, essential features, and accessible tools to help you manage your business finances. Here are our top picks:

1. North One

North One is a digital-first banking platform designed for small businesses. The platform offers two business banking plans—North One Standard and North One Plus—each designed to meet the needs of small businesses at different stages. All members have access to dozens of software integrations and the Green Dot ATM network.

The North One Standard plan has no monthly fees and an industry-leading APY of 2.5%–nearly 32 times the national average APY of 0.08%. Other key features include 1.5% same-day ACH payments, free digital bill payments, $1 physical checks, and free incoming domestic wire transfers. Account holders also benefit from up to two free ATM withdrawals and one free cash deposit per month. Standard plan users have access to real-time QuickBooks sync, an envelopes budgeting system and tools for team banking.

For businesses who need enhanced features and support, the North One Plus plan is available for $20 per month. Plus members benefit from an even higher APY of 3%, clocking in at nearly 38 times the national average. The plus plan also offers free same-day ACH payments, free digital bill payments, physical checks, free domestic wire receiving fees, and a reduced fee for outgoing domestic wire transfers. Additionally, users enjoy up to six free ATM withdrawals and three free cash deposits per month. North One Plus includes priority customer support, a dedicated customer success manager and an onboarding assistant to streamline setup. Plus members also gain access to exclusive perks, like discounts on software and services.

With its flexible pricing, transparent fee structures and digital financial tools, North One is a smart choice for small businesses looking to save money and simplify their banking.

2. Missouri Central Credit Union

Missouri Central Credit Union (MCCU) was founded in 1931. This credit union is focused on supporting local businesses and fostering community growth—which makes it a great choice for Missouri small business owners with straightforward banking needs. Membership is open to people who live or work in Jackson, Cass, Lafayette, Johnson and/or Clay counties, whose workplace offers membership as an employee benefit or immediate family members of another MCCU member.

MCCU offers two primary business checking account options: Free Business Checking and Premier Business Checking. The Free Business Checking account has no monthly service fees, no minimum balance requirements, and includes features such as a free VISA debit card, free online account access via CU OnLine, free consumer bill pay, and overdraft protection from a linked business savings account. Cash and coin services are also available, along with merchant services for Visa, MasterCard, and Discover at an additional cost.

The Premier Business Checking account is designed for businesses maintaining a higher daily balance and offers an interest rate of 0.10% APY on average daily balances. While the account carries a $10 monthly service charge, this fee is waived if a minimum daily balance of $500 is maintained. Similar to the Free Business Checking account, it includes a free VISA debit card, free online account access, free consumer bill pay, overdraft protection, and optional merchant services.

Both accounts come with free paper or e-statements and purchase alerts for VISA debit card transactions. MCCU’s experienced staff is available to assist business owners in selecting the most appropriate account option and navigating the account setup process.

3. The Missouri Bank

Looking for local service? The Missouri Bank, an independently-owned community bank established in 1939, serves small business owners across several counties. With seven branch locations, including Warrenton, Wentzville, Sedalia, Foristell, Hermann, Smithton and Columbia, local business owners have convenient access to in-person banking services.

The Small Business Checking account requires a $500 opening balance and a $500 minimum monthly balance to avoid a $6 service fee. Businesses handling fewer than 50 deposited items per month should find this account particularly appealing. Furthermore, the Business Cash Management service, available for a $25 monthly fee, allows business owners to manage payroll, authorize transactions and handle ACH payments.

For businesses managing remote check deposits, the Merchant Source Capture service offers the ability to scan and deposit checks directly from the office for a $30 monthly fee. Business owners can also explore business credit card options with competitive rates, expense management tools and employee card access at no additional cost. The Missouri Bank also offers Certificates of Deposit (CDs), providing a secure investment option for businesses.

With personalized local service, low fees and financial tools, The Missouri Bank is a strong choice for Missouri-based small businesses who want traditional banking support.

4. Bank of Missouri

Another local, traditional option for Missouri small business owners is the Bank of Missouri. The Bank of Missouri offers a range of business banking solutions for small to mid-size businesses, non-profits and larger corporations. Whether you’re looking for a simple checking account or advanced treasury services, this bank provides flexible options. With accounts like the Community Checking for non-profits and Small Business Checking, small business owners can choose the right account based on their transaction needs and account volume. Customers also have access to over 55,000 ATMs through Allpoint.

The Bank of Missouri’s Small Business Checking account provides key benefits like easy mobile and online banking, monthly cash deposits up to $10,000 and a low monthly fee of $10 if the balance falls below $1,000. The bank also offers a business debit card with enhanced Mastercard benefits, such as discounts on QuickBooks and TurboTax, as well as identity theft protection. They offer convenient options for paper and electronic statements, and the ability to integrate treasury solutions. 

The Bank of Missouri also offers a range of solid savings products, like the Business Money Market and High Performance Savings accounts. These feature competitive interest rates and low minimum deposit requirements. Small business owners who need reliable cash management and liquidity options can benefit from the bank’s treasury services, including online banking, payment solutions and fraud protection tools. 

The Bank of Missouri’s accessible customer service and 29 branches throughout Missouri make it a smart choice for local small business owners. 

5. Mid-Missouri Bank

Mid-Missouri Bank, chartered in 1872, is a community-focused bank serving Southwest Missouri. They have 13 locations across 10 communities, low fees and strong business-oriented solutions.

For small business owners, Mid-Missouri Bank offers several business checking options, each designed to accommodate different business needs. The Small Business Checking account is ideal for businesses with lower transaction volumes. It provides 200 free monthly transactions, free mobile and online banking, and a $100 minimum deposit to open. Owners have the option to waive the $5 monthly paper statement fee by signing up for e-Statements. Next, the Business Checking account is perfect for businesses with higher transaction volumes and offers an earnings credit to offset transaction fees. It includes 20 free debits and deposits each month, with a $3 service charge waived by maintaining a $500 balance.

For businesses seeking to earn interest, the Business Interest Checking account offers competitive rates with interest on the entire balance. It requires a $750 minimum balance to avoid the $7.50 service charge, and provides up to 15 free debits and 15 deposits each month. Mid-Missouri Bank also offers a variety of savings and money market accounts, including Business Savings accounts, Business Money Market accounts and Certificates of Deposit (CDs), each providing competitive interest rates and low-maintenance requirements.

Should you need lines of credit or merchant services, Mid-Missouri Bank offers plenty of options. Merchant Card Services can streamline payment processing, while remote deposit capture allows you to make check deposits from your office. They also offer several business loans, including SBA loans, commercial real estate loans and working capital loans. Ultimately, Mid-Missouri Bank is a great choice for southwestern Missouri businesses looking for a local partner.

Small Business Banking in the Show-Me State

The best small business banks in Missouri ultimately depend on your unique needs, whether that’s low-cost checking or advanced financial management tools. However, if you’re looking for a banking partner that combines simplicity, transparency, and powerful features, North One stands out as a top choice. Its digital-first approach, flexible pricing, robust tools like real-time QuickBooks sync and envelopes budgeting, and competitive APY of up to 3% make it an ideal solution for small businesses focused on efficiency and growth.

By choosing a bank like North One, you’re not just managing your finances—you’re setting the foundation for your business to thrive. Review all options carefully, but consider North One if you want a banking partner that evolves with you, supports your goals, and helps your company reach its full potential.