Bank OZK business banking review: Free checking account and branches in 8 US states
Bank OZK; Rachel Mendelson/Insider
Overall bank rating
| Feature | Insider rating (out of 5) |
| Business checking | 3.5 |
| Business savings | 3.5 |
| Business money market account | 3.5 |
| Trustworthiness | 3.0 |
| Total | 3.37 |
Pros and cons
| Pros | Cons |
|
|
Business checking
The
Bank OZK has several other checking accounts, too, including one with more free transactions and one that pays interest.
Business savings
The
Business money market account
You can request a debit card and paper checks with your
How Bank OZK business banking works
To contact customer support, call Monday through Friday from 7:00 a.m. to 7:00 p.m. CT, or Saturday from 7:00 a.m. to 4:00 p.m. CT.
The Bank OZK mobile app has 4.6 out of 5 stars in the Apple store, and 3 out of 5 stars in the Google Play store.
The deposits in your business accounts are FDIC insured for up to $250,000, or up to $500,000 for joint accounts.
Is Bank OZK trustworthy?
The Better Business Bureau gives Bank OZK a B- in trustworthiness, primarily because the bank hasn't responded to all of the customer complaints on the BBB website.
In 2019, a former executive filed a lawsuit against Bank OZK, claiming her colleagues engaged in sexual misconduct and discriminated based on age.
How Bank OZK compares to similar business banking options
We've compared Bank OZK to business banking options in similar parts of the US: First Citizens Bank and IberiaBank.
Bank OZK | First Citizens Bank | Iberia Bank |
Locations AL, AR, FL, GA, NY, NC, SC, TX | Locations AZ, CA, CO, FL, GA, KS, MD, MO, NM, NC, OK, OR, SC, TN, TX, VA, WA, WI, WV | Locations AL, AR, FL, GA, LA, NY, NC, SC, TN, TX |
Max. free monthly transactions from checking 250 | Max. free monthly transactions from checking 175 | Max. free monthly transactions from checking 500 |
Bank OZK vs. First Citizens Bank
First Citizens Bank has branches in more states than Bank OZK, so depending on where you live, it might be the clear choice. It could also be a good fit if you frequently use ATMs, because it doesn't charge any fees for using an out-of-network machine.
Bank OZK allows 250 free transactions from its free checking account each month, while First Citizens Bank only allows for 175. First Citizens Bank has other checking accounts with more free transactions, but those accounts charge hefty monthly fees that are hard to waive.
Bank OZK vs. IberiaBank
If you make more than 250 transactions from your checking account each month, you may prefer IberiaBank. Iberia's free checking account includes 500 free monthly transactions. Your choice between the two banks could come down to where you live, though.