Business Checking Account Types
Small Business Checking
Designed to fit the needs of businesses that process less than 250 items per month. Sole Proprietorships, Partnerships and Corporations benefit from this lower usage account.
Business and Organizational Checking
Designed for businesses and organizations that process more than 250 items per month. Accounts receive credit for balances maintained. Your monthly average collected balance (less our reserve requirements) receives an “earnings credit” based on the 90-Day Treasury Bill rate.
Business Money Market
A tiered account that pays you interest on the money you have earned.
Public Funds and Not-for-Profit Checking
Ask about our accounts designed specifically for municipal and not-for-profit organizations. These accounts offer both an interest-bearing and non-interest bearing option.
Business Checking Accounts Comparison Chart
|Small Business||Standard Business||Business Money Market|
|Number of Transactions||250 or less per month||More then 250 per month||Variable|
|Account Maintenance||$10 fee waived if:
$500 minimum daily balance, or
$2000 monthly average collected balance
Monthly Balance Management Fee:
Accounts with a negative average collected balance for the month will be charged interest on that amount. The interest rate will vary and is based on the Prime Rate plus 4.00% with a floor of 7.25%.
|$20 per month if a $1000 minimum daily collected balance is not maintained or $2500 average ledger balance|
250 transactions (debits, credits, deposited items) per month at no charge. ($.50 per transaction more than 250.)
1 to 6 Checks & Debit Items: no charge
|Special Features||Learn about Premier Small Business Checking and Small Business with Interest Checking.||Fees are offset by an earnings credit based
on the 90-day Treasury
|Federal Regulations & Interest Rate Tiers|
For a complete list of our Business Checking Services, including Premier Small Business Checking, Small Business Checking with Interest, Business Savings, Not-for-Profit Checking & Public Funds Checking, view our Business Checking Services Price Listing.