Banks in Maryland can help your business be a success by combining services and amenities with personal attention and customer service. Bank representatives are willing to work with your business, whether you are the sole employee or have 100 employees working for you. They can aid you in selecting the right services to properly manage cash flow, expand your business through loans and equipment financing, and speed payroll processing.

Which bank services and amenities do you consider crucial to your success? Most commercial Maryland banking institutions have ATMs located throughout the state. You may be able to avoid ATM fees by choosing a bank with agreements for ATM fee waivers with other area banks. Other factors to compare are branch locations, night deposit setup and lending practices.

As you consider a Maryland bank for your business, here are some points to keep in mind:

1. Which services and amenities does the commercial bank in Maryland offer?
2. Can you quickly speak with someone about your specific banking in Maryland needs?
3. Could some of the fees charged by a commercial bank in Maryland that you are considering be lowered or eliminated?

Action Steps
The best contacts and resources to help you get it done

Assess Maryland banking institutions

What features of a Maryland bank do you consider important for your business? Some things to consider for your business include favorable interest rates, special processing for larger deposits and multiple branch locations.

I recommend: Selecting a Maryland bank based on its products and services is a good way to go. For example, if you are looking for a bank that offers businesses easy access via remote deposit, online banking and multiple ATM and branch locations, then work with Maryland Bank and Trust Company. On the other hand, if you are looking for a bank that offers an extensive list of commercial services then you will want to work with Harvest Bank of Maryland.

Open a business account at local Maryland banks

When it comes to banking in Maryland, you have the advantage of selecting from both local Maryland banks and national institutions operating banks in Maryland USA. If you are starting a small business or are a sole proprietor, smaller Maryland local banks may provide you with more personalized attention. Larger businesses may find national banks in Maryland that offer services aimed at corporations, more helpful.

I recommend: PNC and Sandy Spring Bank are Maryland local banks providing services to communities and businesses.

Consider banking in Maryland using online account management tools

From opening on line checking accounts with Maryland banks to scheduling payments, transferring money between accounts to checking account balances, online account access to commercial banking in Maryland means more freedom for you in how you conduct your business.

I recommend: National mercantile banks in Maryland offering online account management include Washington Mutual and Capital One. Small banks in Maryland offering online account management are another option that you have. One example of a great small bank is Provident Bank.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Get to know the client services representatives at your commercial bank in Maryland. By developing a relationship with these experts, they will come to better understand your business and they can suggest a different account mix or fee schedule for your particular business needs.