Finding a banking institution is an integral part of launching your small business. Since there are numerous banks in New Jersey, you need to find one that can offer the best services for your company.

You’ll find a wide range of New Jersey banking institutions within the state. Some New Jersey banks operate on a small scale with only a limited number of accounts servicing businesses. While others, make commercial banking a top priority.

1. Figure out the type of banking in New Jersey your company requires. You’ll want access to business checking services, online and automated banking services and a reasonable fee structure.
2. Compare New Jersey banks to find the best rates offered. Ideally, the bank in New Jersey can give you checking accounts with no annual fee and high returns on any CDs or savings account you have there.
3. Entrust your money with the New Jersey commercial banking institution. Choose the business products that you desire from the commercial bank in New Jersey. Most small business owners launch with a checking account, business credit card and savings account through a New Jersey bank.

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

Find all the New Jersey banking institutions in your area

Obviously one of your first considerations when selecting a New Jersey bank is their branch locations. You need to know the New Jersey banks in your area and the services and hours that they offer banking customers.

I recommend: The New Jersey Department of Banking and Insurance website has a vast amount of information available to small business owners. The department regularly publishes and updates a list of financial institutions found within the state. Link to the New Jersey bank’s homepage through the site or browse their holding and contact information.

Pick banks in New Jersey that cater to small business owners

When making your final decision on the bank to use, take the company's business banking in New Jersey experience into consideration. The bank should have a background in working with small business owners in order to get them the right products for their launch.

I recommend: Bank of America’s online resource center has all the information that you need to start commercial banking in New Jersey.

Start banking in New Jersey with online services

Many owners are busy enough without having to worry about making frequent trips to their New Jersey bank's branch office. You want to work with a bank that allows you to manage your money online.

I recommend: Test drive the New Jersey business banking services online through the 1st Colonial National Bank page. Business owners can perform transfers, balance inquiries, check ordering, stop payments and more over the site. Enroll with Capital Bank of NJ to access similar online banking services.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Although you can enroll online for business banking services in New Jersey, you may want to first speak to a bank officer to make sure that you are signing up for all the services required to launch your company.