EverBank Business Checking vs Live Oak Business Savings: which one fits your business?
Side-by-side comparison of EverBank Business Checking and Live Oak Business Savings — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Live Oak Business Savings wins on our scorecard (8/10 vs 7.5/10).
| Scored on | EverBank Business Checking | Live Oak Business Savings |
|---|---|---|
| Right fit for small biz | 8 | 9 |
| Ease of use | 7 | 8 |
| Fees & pricing | 9 | 9 |
| Customer support | 6 | 7 |
| Features | 7 | 7 |
| Monthly Maintenance Fee | $0 | $0 |
| Minimum Opening Deposit | $1,500 | $0 |
| Outbound Domestic Wire | $25 | — |
| Transactions included | 200 per month | — |
| Domestic Outgoing Wire | — | $19 |
| Incoming Wires | — | $0 |
| Stop Payment Fee | — | $25 |
EverBank Business Checking in one paragraph
A powerhouse for businesses with idle cash who want a zero-fee, high-interest home at a stable national bank.
Skip it if: Skip it if your business handles a high volume of physical cash or you need a bank with a branch in every city.
Live Oak Business Savings in one paragraph
A powerhouse for stagnant cash that offers 'real bank' safety with 'fintech' interest rates.
Skip it if: You handle significant amounts of physical cash or need immediate, same-day liquidity for your reserves.
Frequently asked questions
Which is better, EverBank Business Checking or Live Oak Business Savings?
On our five-axis scorecard, Live Oak Business Savings scores higher (8/10 vs 7.5/10). A powerhouse for stagnant cash that offers 'real bank' safety with 'fintech' interest rates.
Who should skip EverBank Business Checking?
Skip it if your business handles a high volume of physical cash or you need a bank with a branch in every city.
Who should skip Live Oak Business Savings?
You handle significant amounts of physical cash or need immediate, same-day liquidity for your reserves.