Business Checking

Business Checking Accounts

Standard Business Checking
Monthly Fee: $20.00
Requirements for Monthly Fee Waiver: Minimum daily balance of $5,000.00
-or-
Average monthly balance of $10,000.00
-or-
Combined business account balances of $25,000.00
Minimum Opening Balance: $500.00
Account Benefits:
Transaction Limits:
  • 15 Deposits
  • 150 Checks Paid
  • 150 Checks Deposited
  • $5,000 Cash Deposited
Excess Transaction Fees:
  • $1.50 per each additional deposit over 15
  • $0.15 per each additional check paid over 150
  • $0.10 per each additional check deposited over 150
  • $1.25 per thousand for cash deposited in excess of $5,000
Business Interest Checking (For Sole Proprietors and Non-Profits)
Monthly Fee: $20.00
Requirements for Monthly Fee Waiver: Minimum daily balance of $5,000.00
-or-
Average monthly balance of $10,000.00
-or-
Combined business account balances of $25,000.00
Minimum Opening Balance: $500.00
Account Benefits:
  • Interest paid on balances in excess of $5,000.00
  • Free MasterCard CheckCard
  • Free Online Banking
  • Free Bill Payment
  • Free First Order of Business Checks, Deposit Slips, and Endorsement Stamps
Transaction Limits:
  • 15 Deposits
  • 150 Checks Paid
  • 150 Checks Deposited
  • $5,000 Cash Deposited
Excess Transaction Fees:
  • $1.50 per each additional deposit over 15
  • $0.15 per each additional check paid over 150
  • $0.10 per each additional check deposited over 150
  • $1.25 per thousand for cash deposited in excess of $5,000
Analyzed Business Checking
Benefits:
  • Account balances receive an earnings credit rate to offset normal banking activity charges
  • Earnings credits are calculated based on the average collected balance, less required reserve
  • Entities that qualify to earn interest on their checking account can also be on analysis earning interest, but the interest is calculated as a charge against earnings.