The recognition from the news outlet that helps readers choose business products marks the bank’s second honor in two months from a national publication
JACKSONVILLE, Fla. – February 22, 2023 – TIAA Bank has one of the 10 best business checking accounts for February 2023, according to Fortune Recommends – a national news outlet “dedicated to helping our readers make smart decisions about the financial and business-related products they use every day.”
The editorial team reviewed more than 30 business checking accounts at several major banks, credit unions and fintechs, according to the article about the selections. Criteria included minimum opening deposit requirements, monthly service fees, annual percentage yields (APYs) for interest-earning checking accounts, overdraft fees, branch and free ATM access, monthly transaction limits, business management tools and perks, and customer service options.
“TIAA Bank’s business checking account made our list for its wide range of business management tools, including Bill Pay, remote deposit capture, mobile check deposits, access to a leading merchant services provider, Positive Pay, and more,” the article said.
The news comes one month after GOBanking Rates named TIAA Bank one of the “Best Online Banks” of 2023, the fifth straight year it’s been recognized by one of the leading destinations for personal finance news and information. The GOBanking Rates list of Best Banks 2023 praised TIAA Bank for its online service, as well as its checking and CD accounts.
This marks the latest honor TIAA Bank has earned from a national news outlet, such as Forbes Advisor, Kiplinger, Bankrate, HuffPost and Motley Fool. The reasons range from guaranteed competitive rates to direct interest checking and helping clients impacted by the coronavirus pandemic.
“These accolades are a tribute to our team’s commitment to serving consumer clients and tailoring solutions for businesses that help them grow,” said Steve Fischer, TIAA Bank’s President and CEO. “We’re honored to be recognized as an industry leader.”
TIAA Bank provides a wide range of commercial banking deposit and lending services to businesses nationwide, including commercial real estate lending, vendor equipment financing, specialty lender finance and structured mortgage finance.
About TIAA Bank
TIAA Bank, a division of TIAA, FSB, provides nationwide banking services to consumer and commercial clients through a variety of channels, including online and mobile applications, as well as its Florida-based financial centers. More information on TIAA Bank can be found at tiaabank.com.