Banks in Tennessee can be found with the click of your mouse or walking to a storefront office in your local business district. Like most states, Tennessee has its share of national banks like Wachovia and Washington Mutual as well as smaller regional and local banks.
All Tennessee retail banks offer the same basic services, but most specialize in certain business options, like payroll, electronic check scanning and deposits for merchants and corporate credit cards and lines of credit. When opening a corporate or small business account with Tennessee retail banks, look at the following options:
1. If you've relocated to Tennessee and want to continue using a national chain bank, do a search for banks that operate consumer banks in Tennessee. Not all chains do business in Tennessee.
2. Some regional banks in Tennessee offer the same high interest rates and e-banking services as chain banks.
3. Community banks in Tennessee sometimes are more appropriate for sole proprietorships, agricultural and local service businesses.
Action Steps
The best contacts and resources to help you get it done
Determine which large bank chains offer Tennessee retail banking services
It's sometimes necessary to move your banking operations from one state to another, or from a small bank to a larger one with more branches and services. Here are some retail banks in Tennessee that operate on a national scale, with branches in many states.
I recommend: Click on the
Bank of America business website to learn about online invoicing and electronic payroll for your corporation or small business. Contact other large, nationally operated retail banks in Tennessee for information about their services, like
Wachovia, which offers bad check recovery and business check cards among other options.
Contact Tennessee retail banks that cater to small local or regional businesses
If you prefer dealing with regional or local Tennessee retail banking companies, there are a few regional chains offering services in cities and towns throughout the state.
I recommend: Check out
BankTennessee for an array of services like a retail lockbox and cash management services. Call
Regions if you need commercial banking with services like equipment financing and commercial real estate, in addition to basic business checking accounts and credit cards.
Find retail banks in TN that give small businesses personalized service
When looking for retail banks in Tennessee with low minimum deposits and other options geared for small business, choose banks that can also help you grow your company.
I recommend: Use
FirstTennessee and take advantage of their POWER payroll, wire transfer, merchant services and online business banking. Formed in 1864 in Memphis, their parent company now ranks as one of the top 30 banking companies in the U.S. Check out
Suntrust if you want fraud protection, online payroll and business banking from a regional Southern bank.
Tips & Tactics
Helpful advice for making the most of this Guide
- For more live access to banking services, select a bank in Memphis, Nashville or another large city as your main branch. Banks in smaller Tennessee towns can have limited hours of operation.
The official source of Retail Banks in Tennessee is
the Retail Banks in Tennessee page at Business.com
Related Resources from Business.com
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