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Whether you’re launching a startup in Denver, opening your first business checking account in Colorado Springs, or managing finances in mountain towns like Aspen or Durango, the right bank in Colorado can make running your business smoother and more efficient.
From trusted regional banks and credit unions to nationwide financial leaders and cutting-edge online platforms, Colorado offers a diverse range of business banking options. Each institution brings its own mix of fees, services, and technology, so finding the one that aligns with your workflow and goals is key.
We’ve done the hard work for you. This guide showcases the best banks for small businesses in Colorado, ranked by fees, mobile banking features, customer support, and account flexibility. Whether you need low-fee checking, competitive savings rates, or robust business tools, there’s a solution here built to help your business grow.
>> Don’t Miss Out on 3.7% APY – Open Your Account Today! >>
Best Banks in Colorado (2025)
- Bluevine – Best Overall Online Bank in Colorado
- Lili – Best for Simple, Low-Cost Banking for Freelancers
- Novo – Best Bank for Digital Entrepreneurs in Colorado
- Grasshopper – Best for Startup-Friendly Business Banking
- nbkc Bank – Best Fee-Free Business Checking Account
- Chase Business Banking – Best for Full-Service Business Tools & Branch Access
- Found – Best for Solo Business Owners in Colorado
- Mercury – Best for Tech Startups and Remote Teams
- Live Oak Bank – Best for SBA Loans & High-Yield Business Savings
- Wise Business Banking – Best for International Payments & Currency Management
Bluevine – Best Overall Bank for Small Businesses in Colorado
Bluevine stands out in Colorado as a leading choice for entrepreneurs and independent business owners seeking a digital-first banking solution. It offers a high-yield business checking account with no monthly fees, unlimited transactions, and a sleek online interface that simplifies daily money management, ideal for the tech-savvy and remote-first Colorado economy.
Whether you’re running a design studio in Denver or managing a boutique in Colorado Springs, Bluevine delivers flexibility and efficiency with features like mobile check deposits, bill pay, and real-time vendor payments. It’s a no-nonsense, high-value option for those ready to ditch traditional banking fees.
Why We Chose It
Bluevine’s no-fee structure, up to 3.7% APY, and hands-on control make it perfect for Colorado’s LLCs, freelancers, and startups who value simplicity and earning potential.
- Up to 3.7% APY on balances
- No monthly or overdraft fees
- Unlimited digital transactions
- No ATM fee reimbursements
- No physical branches or business savings account
- $4.95 cash deposit fee (via Green Dot)
Mobile Banking
With Bluevine’s mobile app, Colorado business owners can stay in control on the go, track transactions, send payments, wire funds, and deposit checks with just a few taps.
>> Bluevine: Modern Banking, No Strings Attached >>
Lili – Best for Simple, Low-Cost Banking in Colorado
Lili is a top choice in Colorado for freelancers, artists, and gig workers seeking a minimalist, all-digital banking experience. The free standard plan comes with no monthly fees or minimums, while Lili Pro unlocks extra features like automatic tax savings, invoicing, and up to 4.15% APY on savings, all for just $9/month.
Lili’s app makes it easy to separate business and personal expenses, categorize transactions, and prepare for tax season without needing a bookkeeper, perfect for creators and remote workers in cities like Boulder or Fort Collins.
Why We Chose It
Lili’s intuitive tools and fee-free model make it a natural fit for Colorado’s independent workers who need to stay lean and efficient.
- 4.15% APY on savings with Lili Pro
- Built-in tools for taxes and invoicing
- Access to 38,000+ fee-free ATMs
- No physical branches or phone support
- Limited features for partnerships or joint accounts
- Cash deposits only through third-party retailers
Mobile Banking
The Lili app is the engine behind its utility, managing money, setting up auto-savings for taxes, sending invoices, and monitoring cash flow, all from your smartphone.
>> Start Banking Smart With Lili >>
Novo – Best for Freelancers and Digital Entrepreneurs in Colorado
Novo is a mobile-first business banking platform crafted for self-starters and digital professionals in Colorado. With no monthly fees, no balance requirements, and seamless integrations with platforms like Shopify, Stripe, and QuickBooks, Novo gives you the freedom to manage your money on your terms.
Perfect for developers in Boulder or creatives in Aspen, Novo also offers unlimited ATM fee reimbursements and useful features like invoicing, savings “reserves,” and real-time expense tracking.
Why We Chose It
Novo stands out for solopreneurs and online business owners in Colorado who rely on digital tools and want zero banking friction.
- No monthly fees or minimums
- Full ATM fee reimbursement
- Integrates with popular business apps
- No interest on balances
- No cash deposits or in-person banking
- No savings or lending options
Mobile Banking
Novo’s clean, intuitive app lets you invoice clients, categorize expenses, sync with Stripe or Square, and manage everything without stepping into a branch.
>> Open a Novo Account in Minutes >>
Grasshopper – Best for Startup-Friendly Banking in Colorado
Grasshopper is built for early-stage startups and digital-first entrepreneurs throughout Colorado. It’s not a traditional full-service bank, but rather a modern platform that helps streamline payments, automate invoices, and monitor cash flow, perfect for founders in Denver, Boulder, or Colorado Springs who are building something new.
It connects to external accounts while providing a built-in dashboard for managing financial operations. With no branches, no interest, and no deposit handling, Grasshopper focuses entirely on software-driven convenience.
Why We Chose It
Grasshopper helps Colorado startup founders stay lean, agile, and focused with tech-driven tools and smart automation.
- Invoice and vendor payment automation
- Mobile-first dashboard with financial insights
- Startup-friendly integrations
- Not a standalone bank (must link external account)
- No physical banking or deposit options
- No lending or interest-bearing features
Mobile Banking
Grasshopper’s mobile interface gives startup teams real-time visibility into expenses, vendor payments, and invoice tracking, ideal for early-stage agility.
>> Try Grasshopper for Startup Banking >>
nbkc Bank – Best for Fee-Free Business Checking in Colorado
While nbkc is headquartered in Kansas City, it offers one of the best fee-free checking options for entrepreneurs and independent workers across Colorado. With no monthly fees, no minimum balance requirements, and unlimited transactions, nbkc is a standout choice for those who want transparent banking with no hidden costs.
It’s especially valuable for businesses that frequently send wires or ACH transfers, as nbkc includes free domestic wires, an uncommon perk. While there are no physical branches in Colorado, the bank partners with a nationwide network of over 90,000 fee-free ATMs, ensuring easy access to your funds anywhere.
Why We Chose It
nbkc delivers straightforward, low-cost business banking for Colorado residents who want essential money management tools without unnecessary fees.
- No monthly or minimum balance fees
- Free domestic wires and unlimited transactions
- Access to 90,000+ fee-free ATMs
- Transparent, simple fee structure
- No in-person branches in Colorado
- No interest-bearing checking options
- Only one business checking product available
Mobile Banking
nbkc’s mobile app includes mobile check deposit, bill pay, and real-time alerts. It’s ideal for Colorado professionals who prefer handling finances on the go without compromising features.
>> Open Your nbkc Account Today! >>
Chase Business Banking – Best for Comprehensive Financial Tools & Services in Colorado
Chase is one of the most recognized names in banking, and its business banking services are widely used across Colorado, especially in hubs like Denver, Colorado Springs, and Fort Collins. Whether you’re launching a small business or scaling an established company, Chase’s in-branch support, merchant services, and financing options make it a versatile choice.
The Chase Business Complete Banking® account comes with built-in payment processing via QuickAccept®, same-day deposits, and intuitive mobile management, perfect for businesses that need quick, reliable access to funds.
Why We Chose It
Chase blends a large branch network with a full range of small business products, making it a strong fit for Colorado entrepreneurs seeking an all-in-one banking partner.
- Built-in card payment processing through QuickAccept®
- Extensive ATM and branch network in Colorado
- Business credit cards, lines of credit, and payroll services
- Multiple ways to waive the monthly service fee
- Monthly service fee unless waiver criteria are met
- Low or no interest on checking
- Free monthly transactions are limited to 20
Mobile Banking
Chase’s business banking app is robust and user-friendly. Colorado business owners can accept payments, send vendor payments, deposit checks, and manage balances, all from one central platform.
>> Open Your Chase Business Account Today! >>
Found – Best for Solo Business Owners in Colorado
Found is built for Colorado’s thriving freelance and gig economy, from creatives in Denver to consultants in Colorado Springs. It’s an all-in-one digital banking platform designed for solo entrepreneurs, with no monthly fees, unlimited ACH transactions, and smart built-in tools like invoicing and tax tracking.
While it lacks savings and lending products, Found excels at simplifying financial admin tasks for solopreneurs who want to focus more on their business and less on bookkeeping.
Why We Chose It
Found is perfect for Colorado freelancers, coaches, and independent contractors looking for automated tools and banking that work as hard as they do.
- No fees or minimum balances
- Tax-saving automation and expense categorization
- Built-in invoicing for client payments
- Fast, app-based account setup
- No support for physical cash or check deposits
- No interest earnings or credit products
- Not suitable for multi-owner businesses
Mobile Banking
Found’s mobile app keeps everything streamlined, tracks income, sends invoices, sets aside money for taxes, and manages your business from one clean, easy-to-use dashboard.
>> Start Managing Finances With Found >>
Mercury – Best for Tech Startups in Colorado
For Colorado’s growing tech and startup scene, especially in hubs like Boulder and Denver, Mercury delivers a banking experience built for scale. It’s fee-free, offers multi-user access, and includes powerful integrations with platforms like QuickBooks, Stripe, and Shopify. While it doesn’t offer cash deposits or branch locations, it’s a top pick for startups managing distributed teams.
Mercury is great for venture-backed businesses or product-led companies that want seamless financial management and collaborative controls.
Why We Chose It
Mercury is ideal for Colorado’s tech founders and SaaS companies that need fee-free digital banking to support growth and remote operations.
- Free domestic wires and zero fees
- Spend controls and team permissions
- Connects with essential business platforms
- Sleek, API-friendly dashboard
- No in-person support or cash handling
- Doesn’t earn interest on balances
- Focused on tech/startup niche
Mobile Banking
Mercury’s mobile app is engineered for startup teams to track cash flow, manage team access, send wires, and view insights in real time, all optimized for remote-friendly operations.
>> Power Your Startup With Mercury >>
Live Oak Bank – Best for SBA Lending & High-Yield Savings in Colorado
Live Oak Bank is an online-only institution well-suited for Colorado businesses looking for growth capital and strong savings options. It specializes in SBA and USDA loans, making it an excellent partner for entrepreneurs seeking government-backed funding. It offers high-yield savings accounts and CDs, with interest rates around 3.5% APY, and FDIC-insured cash sweep options up to $10 million.
Though Live Oak has no physical branches in Colorado, its Essential Business Checking account comes with no monthly maintenance fees, making it a hassle-free choice for businesses that are comfortable with remote banking.
Why We Chose It
Live Oak’s combination of low-fee accounts, aggressive savings rates, and best-in-class small business lending makes it a standout for Colorado businesses that want to scale.
- Competitive high-yield savings (~3.5% APY)
- Industry-leading SBA and USDA lending programs
- No monthly fees on business checking
- FDIC sweep protection up to $10 million
- No cash or check deposit capabilities
- No physical branches in Colorado
- Limited app integrations
Mobile Banking
While not focused on mobile-first users, Live Oak offers a secure online banking portal where users can monitor balances, manage high-yield savings, and apply for business loans. It’s best for business owners who prefer managing finances from a desktop and value long-term financial growth.
>> Open Your Live Oak Bank Account Today! >>
Wise Business Banking – Best for Global Payments in Colorado
Colorado businesses that operate across borders, from Denver’s tech startups to exporters in Fort Collins, will find Wise Business Banking to be a smart, affordable choice for handling international payments. Wise supports multi-currency accounts with real-time exchange rates (usually 0.4%–1% above mid-market), helping you send and receive funds in over 50 currencies.
While it doesn’t support cash deposits or interest-bearing accounts, Wise offers transparent fees, low-cost transfers, and a debit card you can use worldwide, ideal for remote teams, freelancers, and global eCommerce operations based in Colorado.
Why We Chose It
Wise simplifies international business banking with unmatched currency flexibility, low fees, and fast transfer speeds, perfect for global-minded businesses in Colorado.
- Access to 50+ currencies with competitive exchange rates
- Send and receive international payments quickly
- No hidden fees or monthly maintenance costs
- Free business debit card and digital account setup
- No U.S. branch network or phone support
- Doesn’t pay interest on balances
- Limited domestic banking features
Mobile Banking
The Wise app gives users real-time updates on exchange rates, supports multi-currency balances, and allows global transfers in just a few taps. It’s ideal for Colorado professionals managing cross-border operations who need control and transparency on the go.
>> Start Banking Globally With Wise >>
How to Choose the Best Bank in Colorado
Looking for the right bank in Colorado? Whether you’re in Denver, Colorado Springs, Fort Collins, or a smaller town like Pueblo or Durango, it pays to choose a financial partner that fits your lifestyle and goals. Use these key criteria to narrow down your best option:
- Bank Type: Choose between traditional banks, online-only platforms, mobile-first neobanks, or local credit unions. Each varies in technology, customer service, and physical access. Pick one that matches how you prefer to bank.
- Account Variety: Decide what accounts you need, checking, savings, CDs, or money market accounts. Some banks excel at business services or high-yield savings, while others focus on simple, everyday banking.
- Fee Structure: Prioritize banks with low or no fees. Look for no monthly maintenance charges, minimal overdraft penalties, and ATM fee reimbursements when needed.
- Branch & ATM Access: Prefer in-person service? Choose a bank with strong branch coverage or ATM networks across Colorado. If you’re comfortable with digital banking, opt for online banks that offer broad ATM access or reimburse fees.
- Key Features: Consider tools you want, mobile check deposit, early direct deposit, cashback rewards, or high-yield APY. Many digital banks also offer budgeting, invoicing, or tax tools, especially useful for freelancers and entrepreneurs.
- Customer Support: Check independent reviews to see how a bank handles service, especially when issues arise. Quick, responsive support can save you time and stress.
- Terms & Conditions: Always read the fine print. Make sure the institution is FDIC- or NCUA-insured and review any balance requirements, usage limits, or bonus terms.
- Additional Services: Want everything under one roof? See if the bank offers extras like credit cards, investment accounts, small business loans, or mortgages for long-term financial planning.
>> Open a Bluevine Account Today! >>
Frequently Asked Questions (FAQs)
Still unsure which bank is right for you in Colorado? Here are answers to some of the most common questions to help you make an informed decision.
>> Bluevine: Modern Banking, No Strings Attached >>
Conclusion – Best Banks in Colorado
Colorado’s 2025 banking scene offers something for everyone, from entrepreneurs in Denver to small business owners in Colorado Springs. Whether you want advanced digital tools, fee-free checking, or reliable branch access, you’ll find a bank to match your needs.
Online-first banks like Bluevine, Lili, and Found deliver flexibility, automation, and high APYs, while trusted names like Chase and U.S. Bank provide full-service solutions with strong local networks.
Choose the bank that best supports your goals, whether managing daily finances, growing savings, or launching a business.
>> Open a Bluevine Account Today! >>
Jonathan is a seasoned content writer with deep expertise in career development, job search strategies, and professional growth. With a keen ability to craft insightful and engaging content, he has helped countless professionals navigate their careers with confidence. His work focuses on resume optimization, interview preparation, and industry trends, making him a trusted voice in career coaching and development.
