Business Checking Accounts
| Accounts & Features | Business Checking | NOW Checking | Super NOW Checking |
|---|---|---|---|
| Minimum Balance to Open | $100 | $1500 | $2500 |
| Interest Bearing | No | No, if minimum balance is maintained | No, if minimum balance is maintained |
| Service Charge | No, if minimum balance is maintained | Yes | Yes |
| Check writing privileges |  |
|
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| No restrictions on the type of business allowed to open | |
*See below for specific features regarding charges, discounts, restrictions, etc.
*Interest bearing checking accounts calculate interest by using the daily collected balance method.
*Interest is paid by compounding to the account on the statement cycle date.
*Certain Fees may apply.
Business Checking
- $100 minimum opening balance
- Service charges per statement cycle:
- $3.00 monthly service charge
- $0.05 activity charge per transit item (items deposited that are not drawn on-us)
- $0.15 activity charge per debit item
- To help offset the monthly service charge you will receive a $0.20 earnings credit for every $100.00 average collected daily balance up to the amount of the service charge
- Unlimited check writing
Business NOW Checking
- $1,500 minimum opening balance
- Interest earned on daily collected balances exceeding $1,500; interest paid monthly
- $2 monthly service charge; if balance falls below $1,500 an additional $6 monthly service charge applies with no interest paid
- Unlimited check writing
- Only available to individuals, sole proprietorships, public funds and non-profit organizations eligible for tax exemption under the IRS code
Business Super NOW Checking
- $2,500 minimum opening balance
- Interest earned on daily collected balances exceeding $2,500; interest paid monthly
- $0.15 activity charge per debit
- No monthly service charge if average collected daily balance is $2,500 or more; otherwise $8 per month with no interest paid
- Unlimited check writing
- Only available to individuals, sole proprietorships, public funds and non-profit organizations eligible for tax exemption under the IRS code
For more information including rates or to open an account, stop by our locations or call.
*There are documentation requirements that must be met to open an account.
