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The bottom line: The NBKC Business Checking Account is one of the best business checking accounts out there. NBKC also pays solid rates on business money market accounts and CDs, and you can open all business accounts online. However, it might not be a good fit if you need a business loan — these loans are only available to business owners in Kansas City, Missouri.
NBKC Business Banking: Overall Rating
| Feature | Personal Finance Insider rating (out of 5) |
| Business checking | 4.5 |
| Business CD | 4 |
| Business money market account | 4.25 |
| Trustworthiness | 5 |
| Total: | 4.5 |
NBKC Business Banking Pros and Cons
| Pros | Cons |
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About NBKC Business Banking
NBKC Bank (Member FDIC) is an online bank with physical branches available in Kansas City, Missouri, that offers both personal and business banking. Business customers also have a variety of credit cards to choose from. You can get business loans, but you have to be in the Kansas City area to qualify for these.
Through NBKC, you have free access to over 37,000 free MoneyPass ATMs located throughout the US and Puerto Rico. NBKC also refunds up to $12 per month if you are charged an ATM fee by an out-of-network machine.
General customer service support is available through phone, email, or online chat from 8 a.m. to 5 p.m. CT, Monday to Friday. If you live near Kansas City, you can go to a physical location during these hours, too.
The NBKC mobile app has a 4.4 out of 5 rating from the Apple store and a 4.1 out of 5 rating from the Google Play store.
NBKC is FDIC-insured, which means that individuals accounts are protected for up to $250,000 and joint accounts are secured for up to $500,000.
Is NBKC Bank Trustworthy?
NBKC has not been involved in any recent public controversies.
The Better Business Bureau has also given NBKC an A+ rating. The Better Business Bureau provides ratings based on how effectively businesses deal with customer complaints.
NBKC Business Banking FAQs
Yes, NBKC is a legitimate, reputable bank with FDIC insurance. This means that even if NBKC Bank shuts down, your insured deposits are safe. The bank also has an A+ from the Better Business Bureau, which indicates that it deals well with customer complaints, is transparent about business practices, and advertises honestly.
Yes, you can link your NBKC accounts with Quicken and QuickBooks.
Yes, you can apply for business banking online with NBKC. You do not have to live in Kansas City to qualify.
Yes, NBKC offers SBA loans, real estate loans, lines of credit, and more for businesses. But unlike its other business and personal products, NBKC small business loans are limited to those in the Kansas City area.
NBKC Business Banking Reviews
NBKC Business Checking Account
no monthly service fee
None
$0
- No minimum opening deposit
- No monthly service fees
- Unlimited free monthly transactions
- No overdraft or nonsufficient funds fees
- No incoming domestic wire transfer fees
- Refunds up to $12 per month in fees charged by out-of-network ATMs
- Deposit cash at ATMs
- Only physical branch locations are in Kansas City, MO
- $5 outgoing wire transfer fee
- $45 incoming international wire transfer fee
- Online bank with branches in Kansas City, MO
- 37,000+ free ATMs in the MoneyPass network
- No out-of-network ATM fees; if an ATM provider charges you, NBKC reimburses up to $12 per month
- FDIC insured
The NBKC Business Checking Account is a strong option if you're looking for an account that's easy to manage. The account doesn't require a minimum opening deposit. It also doesn't charge monthly bank maintenance fees, incoming domestic wire transfer fees, or overdraft fees, and there's no limit on monthly transactions.
You'll want to note that the account does charge a $5 outgoing wire transfer fee and a $45 incoming international wire transfer fee.
NBKC Business CD
2.50% to 4.25%
$1,000
- Competitive APY
- standard term options
- $1,000 minimum opening deposit
- Standard withdrawal penalties
- Branches are only available in Kansas City, MO
The NBKC Business Checking Account is one of the best free business checking accounts out there. NBKC also pays solid rates on business money market accounts and CDs, and you can open all business accounts online. However, it might not be a good fit if you need a business loan — these loans are only available to business owners in Kansas City, Missouri.
- Online bank with branches in Kansas City, MO
- Terms ranging from 3 months to 5 years
- Withdrawal penalties: 90 days of interest for 1 year or below; 180 days of interest for 2 year to 5 year terms
- Interest compounded daily, deposited monthly
- Member FDIC
An NBKC Business CD offers a competitive rate on certain term lengths — but if you're searching for good rates on shorter terms, such as three or six months, you'll want to look elsewhere.
NBKC Business Money Market Account
no monthly service fee
2.75%
$0
- No monthly service fees
- No minimum opening deposit
- $0.01 needed to earn interest
- Free Debit MasterCard included
- Solid APY
- Branches only available in Kansas City, MO
The NBKC Business Checking Account is one of the best free business checking accounts out there. NBKC also pays solid rates on business money market accounts and CDs, and you can open all business accounts online. However, it might not be a good fit if you need a business loan — these loans are only available to business owners in Kansas City, Missouri.
- Online bank with branches in Kansas City, MO
- Free access at over 37,000 MoneyPass ATMs
- Free Debit MasterCard included
- Interest compounded daily, deposited monthly
- Member FDIC
NBKC doesn't offer a traditional business savings account. However, it does have the NBKC Money Market Account. This is a solid option if you are looking for a way to save but also want the added perk of easy accessibility — it comes with a Debit MasterCard. It's also a good choice if you're looking for a money market account that is both free and pays a decent interest rate.
How NBKC Business Banking Compares
NBKC Business Banking vs. Axos Business Banking
Both NBKC and Axos business banking have free checking accounts with unlimited free monthly transactions.
The Axos Bank Basic Business Checking Account is an excellent business account overall. It refunds all fees charged by out-of-network ATMs, while NBKC only reimburses $12 per month. It also pays a bonus of up to $400 for qualifying business owners.
Axos Bank also offers business loans to people outside of the Kansas City area.
However, NBKC pays higher rates on its business money market account and most CD terms.
NBKC Business Banking vs. Bluevine Business Checking
The Bluevine Business Checking Account is a great option with no monthly fees, unlimited free monthly transactions, and you can earn 1.50% APY on the Standard plan. So if you're interested in a high-yield business checking account, Bluevine could be the way to go.
But as far as bank accounts go, Bluevine only offers a checking account. You may prefer NBKC if you want a money market account or CD. Bluevine does offer a business line of credit you can apply for online, though.
Bluevine Business Checking Review
Why You Should Trust Us: How We Reviewed NBKC Business Banking
To review NBKC Business Banking, we used our bank account methodology.We rate each account on a scale from one to five stars. We use a weighted average to get our star rating.
We evaluate ethics, security, miscellaneous features, mobile apps, and customer service for every type of account. Other factors we consider depend on which type of account we're reviewing. For example, we look at early withdrawal penalties for CDs, and whether you have easy access to money through a debit card or checks for money market accounts.
For business checking accounts, we consider many of the same factors we would for a personal checking account, such as minimum opening deposits and monthly fees. But we also look at things that are specific to business accounts, such as monthly transaction limits.
