As digital storefronts continue to revolutionize the way goods are sold, ecommerce entrepreneurs need a bank that understands their needs. The ideal bank for online sellers offers more than just basic checking and savings accounts. They provide tailored solutions for online payment processing, multi-currency transactions, and scalable financial services that grow with your business.

From seamless integration with popular ecommerce platforms to specialized fraud protection measures, the best banks for ecommerce businesses stand out by offering comprehensive digital tools and expert support. Partnering with the right bank can streamline your operations, reduce costs, and ultimately boost your bottom line. The question is: which banks are equipped to support this vision?

The Best Banks for Ecommerce Businesses

There’s a wide range of institutions for ecommerce banking, each catering to different virtual business needs and scales. From digital-first platforms to established financial institutions with robust online services, these eight banks stand out for their commitment to supporting ecommerce entrepreneurs.

1. North One: Best Ecommerce Bank Overall 

North One is a digital-first banking platform designed specifically for small businesses and entrepreneurs. They offer a streamlined, user-friendly approach to business banking that’s built for quick self-service, complemented by helpful support agents. North One’s fully online model eliminates the need for physical branch visits, allowing small business owners to manage their finances anytime, anywhere. After all, your business is fully online too.

For ecommerce businesses, North One shines with a robust set of features tailored to online retail. Their business accounts fully integrate with popular tools like Shopify, Square, and Stripe. This integration facilitates easy transaction tracking and reconciliation, and even instant payouts in some cases.

North One also provides unlimited sub-accounts, ideal for separating funds for different product lines or marketplaces. With built-in budgeting tools, real-time transaction notifications, and API access for custom integrations, North One gives ecommerce entrepreneurs a clear overview of their financial health while automating many aspects of banking.

But North One is more than a place to keep your money. They also offer lines of credit and term loans to qualified business owners.

The best part? It’s free to sign up for and use. For a low monthly fee, the Plus program reduces or eliminates already low fees on certain transactions such as wires and Same-Day ACH.

2. Wells Fargo: Best Bank for Comprehensive Solutions

Wells Fargo, one of the largest banks in the United States, has a long-standing reputation for supporting businesses of all sizes. With an extensive network of physical branches and ATMs, Wells Fargo combines the benefits of traditional banking with modern digital solutions. This hybrid approach allows ecommerce businesses to enjoy both in-person support (when needed) and comprehensive online banking services.

For ecommerce banking, Wells Fargo offers a suite of services designed to facilitate online transactions and global commerce. Their payment processing solutions include options for online, mobile, and in-app payments, catering to various ecommerce models. Wells Fargo also provides robust fraud protection services and chargeback management tools, crucial for online retailers. Additionally, their foreign exchange services and international banking options make Wells Fargo an attractive choice for ecommerce businesses looking to expand globally.

3. Bank of America: Best Bank for Scalable Operations

Bank of America is a financial powerhouse that has successfully adapted its services to meet the evolving needs of digital businesses. With a vast network of physical locations and a strong online presence, Bank of America offers ecommerce entrepreneurs the flexibility to bank how they prefer. Their business banking solutions are scalable, making them suitable for ecommerce startups and established online retailers alike.

Ecommerce businesses can benefit from Bank of America’s advanced cash flow management tools and merchant services. Their online and mobile banking platforms offer real-time account monitoring and the ability to set custom alerts, helping ecommerce operators stay on top of their finances. Bank of America’s Merchant Services provide a range of payment processing options, including mobile and contactless payments, which are essential for modern ecommerce. And, their CashPro® platform offers sophisticated treasury management tools, allowing growing ecommerce businesses to optimize their cash flow and manage liquidity as they scale.

4. Chase: Best Bank for Fast-Growing Businesses

Chase—the commercial banking arm of JPMorgan Chase & Co.—is renowned for its comprehensive business banking services. With a strong presence both online and through its extensive branch network, Chase offers ecommerce businesses the best of both worlds. Their reputation for innovative financial solutions makes them a top contender for online retailers seeking a reliable banking partner.

Chase’s tools for ecommerce businesses are particularly noteworthy. Their payment processing service (Chase Merchant Services) is tailored for online transactions, providing competitive rates and robust security features. Ecommerce entrepreneurs can benefit from Chase’s next-day funding option, ensuring quick access to their sales revenue. The bank also offers specialized lending products for ecommerce businesses, including working capital lines of credit and even equipment financing. 

5. U.S. Bank: Best Bank for Secure Payment Processing

U.S. Bank is a major financial institution known for its strong regional presence and comprehensive business banking services. With a history dating back to 1863, US Bank has evolved to meet the needs of modern businesses. Their blend of traditional banking expertise and digital innovation makes them a solid choice for online retailers seeking an established financial partner.

For ecommerce banking, U.S. Bank offers a range of tailored solutions. Their payment processing service (Elavon) is particularly well-suited for online transactions, providing secure payment gateways and support for multiple currencies. U.S. Bank also offers specialized cash flow management tools, helping ecommerce operators optimize their working capital. Their business credit cards come with rewards programs that can be particularly beneficial for online retailers managing frequent inventory purchases. 

6. PNC Bank: Best Bank for Cash Flow Management

PNC Bank, headquartered in Pittsburgh, has grown to become one of the largest financial services institutions in the United States. Known for its customer-centric approach, PNC Bank offers a wide array of business banking services that cater to various industries, including ecommerce. Their commitment to providing innovative solutions makes them a strong contender for online businesses looking for a supportive banking partner.

PNC Bank’s offerings for ecommerce businesses are comprehensive and technologically advanced. Their Cash Flow Insight® tool is particularly valuable for online retailers, providing real-time cash flow analysis and forecasting. PNC Merchant Services offers competitive rates for payment processing, crucial for ecommerce operations. The bank also provides robust online and mobile banking platforms, allowing ecommerce business owners to manage their accounts, make payments, and deposit checks remotely.

7. TD Bank: Best Bank for Convenient Banking

TD Bank, known as “America’s Most Convenient Bank,” lives up to its moniker with extended hours and seven-day banking at many locations. While TD Bank has a strong physical presence—particularly in the Eastern United States—it also offers robust online and mobile banking services that cater well to the needs of ecommerce businesses. Their approach combines personal service with digital convenience, making them an attractive option for online retailers who value both.

For ecommerce entrepreneurs, TD Bank provides a suite of services designed to support ecommerce banking operations. Their merchant solutions include online payment processing with competitive rates and next-business-day funding options. TD Bank’s Small Business Checking account is particularly appealing to ecommerce startups, with low minimum balance requirements and free online banking and bill pay. The bank also offers specialized lending products, including lines of credit and term loans.

8. Citibank: Best Bank for Global Expansion

Citibank offers a global perspective that can be particularly valuable for ecommerce businesses with international ambitions. With a vast network spanning across the globe, Citibank combines worldwide reach with sophisticated digital banking services, making it a strong contender for online retailers operating on a global scale.

Citibank’s offerings for ecommerce businesses are both comprehensive and globally oriented. Their CitiBusiness Online platform provides powerful cash management tools, allowing ecommerce operators to manage accounts, make payments, and analyze cash flow across multiple countries and currencies. Citibank’s merchant services include robust online payment processing solutions with fraud protection features, essential for secure ecommerce transactions. For businesses engaged in cross-border commerce, Citibank’s foreign exchange services and international banking expertise can be invaluable.

Features to Look for When Choosing an Ecommerce Business Bank

There are plenty of other financial institutions to explore beyond the eight best banks for ecommerce businesses listed above. If you’re interested in exploring other banks—hometown options, regional institutions, or organizations you’re already familiar with—keep these criteria top-of-mind when evaluating them:

FeatureDescription
Transaction FeesLook for a bank with low or no fees for transactions, including deposits, withdrawals, and transfers.
Online BankingEnsure the bank offers robust online banking services, including mobile app access, 24/7 support, and secure transaction processing.
Merchant ServicesCheck if the bank provides or integrates with merchant services, such as payment gateways, POS systems, and integration with eCommerce platforms.
Foreign Exchange ServicesIf you deal with international customers, having favorable foreign exchange rates and services is important.
Customer SupportReliable and responsive customer support is essential for resolving issues quickly and efficiently.
Business Loans and CreditAvailability of business loans, credit lines, and other financing options can help with cash flow management and growth.
Security FeaturesLook for banks that offer advanced security measures like fraud detection, encryption, and multi-factor authentication.
Account Management ToolsTools for managing finances, such as budgeting, expense tracking, and financial reporting, can be highly beneficial.
Reputation and StabilityConsider the bank’s reputation, stability, and reviews from other ecommerce business owners.


Choosing the Best Bank for Your Ecommerce Business

Choosing the right bank for your ecommerce business is a critical decision that can significantly impact your success. From digital-first platforms like North One to established national and global institutions, each bank offers unique advantages tailored to the diverse needs of ecommerce entrepreneurs. As you consider factors such as payment processing, integration, cash flow management tools, and more, weigh their importance against the vision you have for your digital business—both now and in the future.

Take the time to evaluate each bank carefully. With the right banking partner, you’ll be well-equipped to navigate ecommerce triumphs and challenges, and drive your online business towards sustainable growth and profitability.