Capital One Business Checking review: Basic vs. Enhanced

No matter a business's costs or revenue, there are a number of checking accounts that can help owners manage company finances. Capital One offers two Business Banking accounts for those who need the freedom to make large volumes of cash deposits, withdrawals and transfers every month.

The Capital One Business Basic Checking is geared more toward smaller- to mid-sized businesses with an average monthly balance of $2,000, while the Capital One Business Enhanced Checking is for businesses with an annual revenue of up to $10 million.

Customers using either account can benefit from options to waive monthly fees and free overdraft protection. The Business Ultimate checking account was named the best account for medium-to-large businesses on Select's best checking accounts for businesses list because it allows account holders to make unlimited monthly transactions at no cost.

Ahead, Select reviewed both accounts taking into consideration access to cash, perks and fees. (Read more about our methodology below.)

• Access to your cash
• Perks
• Bottom line

Both accounts grant access to over 40,000 in-network, fee-free Capital One and Allpoint® ATMs (including in select Target, Walgreens and CVS Pharmacy locations).

Basic Checking account holders can deposit up to $5,000 in cash per month with no fee (after that, it's $1 per $1,000). There is no limit to cash deposits with Unlimited Checking.

By linking either Capital One Business account to a Capital One Small Business Deposit Account, you can avoid paying overdraft fees. Most other banks either decline transactions or charge account holders a fee for every transaction that exceeds the account balance.

And as a Capital One customer, you'll have access to 24/7 online banking services and in-person banking at Capital One branches across the country. Not to mention, anyone can make a one-on-one money coaching appointment at a local Capital One® Café.

With both accounts, users get access to free business debit cards and free online bill pay.

Each Capital One Business checking account is geared toward businesses of different sizes, but both are well suited for businesses that make large numbers of transactions each month.

If you are looking for a checking account that earns interest, Bluevine Business Checking is a great option for small businesses. You can accrue a higher-than-average APY on balances up to $250,000, making Bluevine the only account on Select's list of best business checking accounts that yields interest on your balance.

For a comparable business account at another large bank, Select named the Chase Business Complete Banking® the best overall. This account allows you to take out multiple debit cards for business partners and employees.

To determine which business checking accounts offer the most convenience, Select analyzed dozens of U.S. business checking accounts offered nationwide by online banks as well as those with physical branches. We narrowed down our rankings by considering no-fee checking accounts or accounts with easy ways to waive the monthly maintenance fees.

We compared each checking account on a range of features, including:

• Fees
• Minimum balance requirement
• Mobile banking ease
• Small business tools and support
• Large ATM network
• Account accessibility
• Customer reviews, when available

All of the accounts included on this list are either members of the Federal Deposit Insurance Corporation (FDIC) or FDIC-insured through partner institutions. This insurance protects and reimburses you up to your balance and the legal limit in the event your bank or credit union fails.

The rates and fee structures for checking accounts are subject to change without notice and they often fluctuate in accordance with the prime rate.

Your earnings depend on any associated fees and the balance you have in your checking account. To open an account, some banks and institutions may require a deposit of new money, meaning you can't transfer money you already had in an account at that bank.