Checking and Savings Accounts for Businesses
| Account | Opening Deposit | Fees | Interest | Benefits |
|---|---|---|---|---|
Classic Business Checking | $100 | $5.00 monthly paper statement fee (waived if enrolled in E-Statements) Limit of 250 processed items (including checks written, deposits made and deposited items) per month; $0.50 charge per item after 250 | N/A | No monthly service charge if account is enrolled in E-Statements Free Online/Mobile Banking and Online Bill Pay MasterCard® Business debit card Cash Management services available, including Payroll, Collections, ACH payments and much more! |
Business Plus Checking | $2,500 | Monthly service charge of $10 if minimum daily balance falls below $2,500 Limit of 250 processed items (including checks written, deposits made and deposited items) per month; $0.50 charge per item after 250 | Yes | Interest compounded and credited monthly with rates based on daily collected balance Free Online/Mobile Banking and Online Bill Pay MasterCard® Business debit card Cash Management services available, including Payroll, Collections, ACH payments and much more! |
Commercial Checking Analysis | $100 | $10 monthly service charge (can be offset by earnings credit) | N/A | Earnings credit will reduce or even eliminate fees including $10 monthly service charge, checks written, deposits made, debits processed, etc. Free Online/Mobile Banking and Online Bill Pay MasterCard® Business debit card |
Business Money Market | $10,000 | $10.00 monthly service charge if minimum balance falls below $10,000 | Yes; Tiered: Tier 1: $0.01-$9,999 Tier 2: $10,000-$49,999 Tier 3: $50,000-$99,999 Tier 4: $100,000-$249,999 Tier 5: $250,000 and higher | Free Online/Mobile Banking and Online Bill Pay Enhanced access to funds with check writing capabilities Interest calculated on daily collected balance and paid in tiers based on balance |
Business Savings Account | $250 | $3 per month service charge if balance falls below minimum balance of $250 | Yes | Interest compounded and credited quarterly Free Online/Mobile Banking and Online Bill Pay |