Anyone know of similar services for small business online?
Yes. I use Wells Fargo for my LLC and I think they are reasonable.
Business accounts (not a human name on the account)
Yup. You will likely have to set it up in person though.
Great website experience
Its not Simple, but it’s reasonable for a bank. Integrates nicely with most accounting software. They show you your check deposits, they have PDFs of statements, bill pay is good.
Photo check deposit
On my account, it’s $2.5k daily limit and a $5k monthly limit. It’s kind of terrible.
I use Earth Class Mail for my business mail and they can deposit paper checks of any size. It’s $15 per mailing and $5 per check in the mailing. ECM ends up being a lot cheaper than paying the 3% on accepting Paypal.
Cheap / below-average transfer and wire fees
Most of my clients pay electronically through international wires or ACH. Incoming transfers are $15 for domestic transfers and $16 for international. Outgoing transfers are $30 for domestic transfers and depends for international. As with all wires, there is sometimes an arbitrary amount of money taken out by intermediary banks. It’s usually a small amount (under $50). See the simple business account summary and the Wells Fargo service fees for more.
To take money out of the company you can do bill pay to send checks to yourself or free/cheap transfers via ACH. You can also set up direct deposit and payroll, but those have monthly fees which are fair, but don’t really fit with my company’s variable revenue.
Cheap fees / minimum balance requirements
Depends on the type of account but for the basic account, the monthly fee is $10. That fee is waived if you have an average monthly balance of $500 and choose to receive online statements only.
Free international use of cards
$5 per ATM withdrawal outside of the US and 3% of international debit card purchase fee. There might also be currency conversion fees, but I don’t think so. See the simple business account summary and the Wells Fargo service fees for more.
I’d recommend getting a Capital One Spark Business credit card for your company purchases because they have no foreign transaction fees. And you can get a [Schwab Bank High Yield Investor Checking] (http://www.schwab.com/public/schwab/banking_lending/checking_account) account for the free international ATM withdrawals and have the company reimburse you for the personal money you are using.
For personal banking, I like to have a primary and backup accounts. I like Schwab and Ally for checking. Both have free ATM withdrawals and Ally has crazy high limits ($50k) for photo deposit and good rates on savings accounts.
For credit cards, I like Capital One Spark Business (you can register yourself as a business) for it’s 2% unlimited cashback and the Chase Sapphire for good points on flights, hotels, and restaurants. Both have no foreign transaction fees.