Rhode Island may be the smallest state in the US, but Rhode Island banks are among the best. From Pescoag to Newport, business banking services are alive and well. Business owners have many services and banks from which to choose.

Rhode Island retail banking services present an assortment of business banking services to meet the needs for the small business, from night deposits to lines of credit. Larger companies can work with banks to secure corporate credit cards or set up payroll services. Consider these points when choosing from retail banks in Rhode Island:

1. Do you need the convenience of many locations from Rhode Island retail banks?

2. What options do you have for business oriented retail banking in Rhode Island?

3. Do Rhode Island community banks in your area offer investment services?

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

Log on to websites for consumer banks in Rhode Island

With literally dozens of banks to choose from, making a choice can be difficult. Go online to compare the various business banking services that Rhode Island banks offer. Whether you need a free business banking checking account or help setting up benefit packages for employees, a bank's website should provide you with the answers you need.

I recommend: You’ll find many business and corporate banking services at the Sovereign Bank website. NewportFed's website provides more information on its competitive business banking programs.

Select retail banks in Rhode Island that come with high name recognition

National banks come with lots of advantages in addition to name recognition, from business credit cards to branch locations throughout the country. Plus, the range of business banking options is impressive.

I recommend: Enjoy the security and convenience that comes from a nationally known bank like Chase or Wells Fargo.

Find personalized banking solutions from Rhode Island retail banks

Your business is unlike anyone else's business. Shouldn't your business banking plan be as individual as your business? Take time to choose a bank that offers what you need, whether it's business checking, merchant services or competitive interest rates on loans.

I recommend: Check the Business Specialty Center at Washington Trust Company for an assortment of business banking services. Flagstar Bank offers business checking and investment account in addition to electronic merchant services.

Do your Rhode Island retail banking online

Running a business seems like a 24/7 proposition. Then why not take advantage of 24/7 banking? That's easy to do with business online banking with secure log on features.

I recommend: Check your balance or pay a bill with the click of a mouse at Webster Bank or Bank Rhode Island.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Consider local banks in Rhode Island for your business banking needs. Sometimes the smaller community bank is your best option.