Finding the best small business banks in Wisconsin is one key to your company’s success. Whether you’re just starting a freelance venture or you’re getting ready to launch Milwaukee’s newest cheese curd company, your banking partner can make a big difference. We’ve evaluated Wisconsin’s best banking options to find institutions you can count on. From digital-first fintech platforms to straightforward, small credit unions, these five banks are all excellent choices.

The Top Small Business Banks in Wisconsin

These Wisconsin banks are the best for small businesses, offering a combination of tailored financial solutions, flexible account options, and robust tools to help entrepreneurs manage their finances effectively. Whether you need low-cost checking, advanced cash management features, or access to small business loans, these banks provide the resources to support your business at every stage of growth.

1. North One

North One is a digital-first banking platform designed for small businesses, offering two flexible FDIC-insured Business Interest Checking accounts: North One Standard and North One Plus. Both accounts are tailored to streamline financial management with access to powerful software integrations, the Green Dot ATM network, and lending solutions that leverage your banking history to simplify approval processes.

The Standard Plan offers a no-monthly-fee Business Interest Checking account with an impressive 2.5% APY—32 times the national average. Key features include:

  • Free digital bill payments
  • 1.5% same-day ACH payments
  • Free incoming domestic wire transfers
  • Two free ATM withdrawals per month
  • Access to budgeting tools, team banking features, and QuickBooks integration

For $20 per month, the Plus Plan provides all the features of the Standard account, but with enhanced benefits, including:

  • 3% APY—38 times the national average
  • Free same-day ACH payments
  • Six free ATM withdrawals
  • Reduced fees for outgoing wire transfers
  • Priority customer support, a dedicated customer success manager, and exclusive software discounts

Both plans combine interest-earning accounts with robust digital tools and streamlined lending options, offering small businesses the financial flexibility they need to grow—all without the complexity of traditional banking.

2. Wisconsin Bank & Trust

Wisconsin Bank & Trust, a division of HTLF Bank, is a community-oriented bank operating in Wisconsin. They offer a blend of local decision-making with the resources and backing of a large, multi-billion-dollar parent company. Plus, their customer service has earned them recognition as one of America’s Best Banks by Forbes for seven consecutive years.

Wisconsin Bank & Trust has several small business checking and savings accounts. including the Small Business Checking, High Yield Savings and Premium Money Market accounts. Each account is designed to meet common small business needs. However, each account has varying minimum balance requirements, monthly fees and opening deposit amounts. For example, the Small Business Checking account has a $1,500 minimum balance requirement to avoid a $10 monthly fee, while the Premium Money Market account has a $25,000 balance requirement and a $15 monthly fee. Additionally, businesses can benefit from their Small Business Credit Card, which offers 0% APR for 12 months on purchases and balance transfers, with rewards like 5% cash back on office supply purchases.

Need financing? Wisconsin Bank & Trust also offers a range of small business loan options, including SBA 7(a), SBA 504 and SBA Express loans. These government-backed loans provide favorable terms, lower down payments and flexible repayment options. 

Finally, their treasury and payment solutions suite includes tools like ACH payments, wire transfers and integrated payables. These are designed to help small businesses streamline their operations, improve cash flow and manage fraud risk. Overall, Wisconsin Bank & Trust is a good local, full-service bank with plenty of options to scale up over time.

3. UW Credit Union

If you’re looking for in-person service and credit union benefits, UW Credit Union might be the right choice. UW Credit Union provides simple banking services for small business owners, particularly those with non-cash or home-based businesses. Membership is based on criteria such as residency in Wisconsin, employment with certain organizations or enrollment in any accredited higher education institution. With locations in Madison, Milwaukee and across several UW campus branches, UW Credit Union is a convenient choice for eastern Wisconsin residents.

UW Credit Union offers two types of business accounts: Small Business Checking, which includes unlimited check deposits and ACH transactions, and Organization Checking for non-profits and other affiliated groups. The credit union’s small business accounts include features like no minimum balance requirements, free debit cards, mobile and online banking and surcharge-free ATM access. Business owners can take advantage of mobile deposit, bill pay and Zelle for business-to-business transactions. 

UW Credit Union’s accounts are generally designed for businesses with simple financial needs—this might include freelancing, consulting, online sales or managing rental properties. For those interested in opening an account, UW Credit Union offers phone or video appointments to guide applicants through the process. Members can also stop by a physical branch to take advantage of the credit union’s services. While their business services aren’t as exhaustive as other banks’, they’re a smart and simple option for those just starting out.

4. WaterStone Bank

WaterStone Bank, founded in 1921, has a long history of serving Wisconsin communities. The bank provides flexible and personalized services, focusing on building strong relationships with clients. This bank is a good choice for those who want local service and a full suite of banking and lending products.

There are several types of business checking accounts: Business Essential Checking, Business Advantage Checking and Business Interest Checking. Each caters to different business needs based on transaction volume and balance requirements. For example, Business Essential Checking is ideal for small businesses with low transaction volumes, with a minimum balance requirement of $200 to avoid a $15 monthly fee. With Business Advantage Checking and Business Analysis Checking, fees increase slightly, but they come with higher transaction limits and additional features like interest earnings.

In addition to business checking accounts, WaterStone Bank offers business savings accounts, working capital lines of credit, commercial loans and equipment loans. The bank also provides access to cash management services, online banking and business credit cards. For businesses that need to manage their savings, WaterStone’s Ultimate Business Money Market account offers competitive rates on higher balances. Its certificates of deposit (CDs) provide a secure investment option with attractive interest rates.

WaterStone Bank’s business banking solutions are particularly well-suited for small businesses that require flexible, cost-effective banking with convenient physical locations and easy access to their funds. The bank’s straightforward fees and services make it an appealing choice for business owners looking to save money and avoid surprise costs.

5. Peoples State Bank

Peoples State Bank, a community bank established in 1962, offers tailored banking solutions for Wisconsin small business owners. It’s an excellent choice for those who value in-person, local banking alongside robust online and mobile features.

Their business checking accounts cater to a variety of needs. The Business Base account offers unlimited transactions and digital banking for $10/month, waived with a $300 balance. The Business Edge account provides fraud protection and services for $15/month, requiring a $2,500 minimum balance. For earning interest, the Business Interest account charges $10 monthly with a $5,000 minimum balance. Larger businesses can choose the $20/month Business Premier account with ACH origination, remote deposits, and no minimum balance.

In addition to checking, Peoples State Bank offers savings accounts with a $5 monthly fee waived for balances above $200. These accounts earn interest and include free online banking and up to 50 free deposits per month. For flexible payments, the Business Debit Mastercard provides zero liability for unauthorized purchases, extended warranty services, and travel assistance. Businesses can also choose from credit cards with low rates, cashback, or rewards, all with no fees and 24/7 service.

Peoples State Bank offers SBA 7A Loans up to $5M for acquisitions, equipment, real estate, or refinancing with flexible terms. Their SBA 504 Loans provide low down payment options for real estate or equipment with terms up to 25 years. For businesses seeking personalized service with comprehensive banking features, Peoples State Bank is a strong contender.

Bank with Confidence in the Badger State

What’s the best small business bank for your Wisconsin business? That depends on your unique needs. If you’re a tech-savvy entrepreneur looking for a modern, no-hassle solution, North One is a standout choice. Its digital-first approach offers powerful tools like real-time expense tracking, QuickBooks integration, and budgeting features, all designed to simplify financial management. Plus, with up to 3% APY on balances and transparent pricing, it’s an ideal partner for businesses focused on growth and efficiency without the overhead of traditional banking.

For those who prefer in-person services or require cash-handling capabilities, traditional banks and credit unions may be a better fit. Regardless of your preference, take the time to compare fees, features, and services. Choosing the right banking partner can provide the financial support and flexibility your business needs to thrive—and with options like North One, you have the opportunity to streamline your operations and focus on what matters most: growing your business.