Business Checking
Day-to-day financial transactions are the lifeline of any business. SouthEast Bank makes it our business to know your business. We will evaluate your transaction volume and help you choose the business account that is right for you.
All SouthEast Bank business checking accounts include:
Online Banking with Bill Pay and E-Statements
Mobile Banking and Mobile Deposit
SouthEast Bank Debit Card
SouthEast Verifi Fraud Protection and Alerts
Allpoint Network ATMs Access to Over 55,000 Worldwide
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Free Small Business Checking
Best Solution for
small businesses with limited transaction needs
Description
no minimum balance requirements; FREE for up to 500 transaction items or up to $10,000 in currency deposits per month*
Service Charge
no service charge
Minimum to Open
$100
- no minimum balance
- no monthly service fee
- 500 FREE monthly transaction items*
- Up to $10,000 coin and currency deposited per month for FREE*
* Free accounts may be changed to another product type if the number of items or currency deposited is exceeded.
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Free Small Business Interest Checking
Best Solution for
Best Solution for small businesses with moderate transactions
Description
earn competitive interest rates with no minimum balance requirements ; FREE for up to 500 transaction items or up to $10,000 in currency deposits per month.
Service Charge
no service charge
Minimum to Open
$100
- competitive interest
- no minimum balance
- no monthly service fee
- 500 FREE monthly transaction items*
- Up to $10,000 coin and currency deposited per month for FREE*
Interest earnings are based on daily collected balances and are credited monthly to the account.
* Free accounts may be changed to another product type if the number of items or currency deposited is exceeded.
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Business Bonus Rate Checking
Best Solution for
businesses wanting to earn our highest bonus rates on balances up to $20,000
Description
earn a 2.01% APY * monthly bonus rate on balances up to $20,000 when you receive a direct deposit or ACH debit, enroll in eStatements, and make at least 15 business debit card purchases*
Service Charge
paper statement fee of $3 assessed if not enrolled in eStatements; paper statement fee will be waived with a monthly average balance of $1,200
Minimum to Open
$100
- competitive interest
- no minimum balance
- no monthly service fee
- 250 FREE monthly transaction items*
- up to $10,000 coin and currency deposited per month for FREE*
To earn the bonus rate, each month the account must be enrolled in eStatements, post and settle at least 15 debit card transactions, and receive at least one direct deposit or ACH debit. If all qualifications are met during the statement cycle, 2.01% APY* on balances of up to $20,000 and .20% APY* on balances over $20,000 will be credited. If bonus qualifications are not met during the statement cycle, .05% APY* of the balance will be credited. Interest earnings are based on daily collected balances and are credited monthly to the account. Paper statement fee of $3 assessed if not enrolled in eStatements; paper statement fee will be waived with a monthly average balance of $1,200. Limit one Bonus Rate Checking account per primary owner tax ID.
*APY = annual percentage yield. Rates subject to change. APYs are accurate as of 8/10/2020. Fees may reduce earnings. Free accounts may be changed to another product type if the number of items or currency deposited is exceeded.
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Commercial Interest Checking
Best Solution for
businesses and organizations with more complex banking needs
Description
earn competitive interest rates with no minimum balance requirements; nominal fees for higher monthly transaction volume
Service Charge
14 cents per transaction
Minimum to Open
$100
- competitive interest
- no minimum balance
- no monthly service fee
- transaction Items are just $.14 each
- tiered interest rates based on balances maintained:
.10 APY* ($100,000+)
.05% APY* ($0 - $99,999)
Interest Earnings – Interest is earned on daily collected balances of $0 and above and is credited monthly to the account. This is a tiered rate account that earns higher interest based on higher balances. Interest rates may reprice with the market.
Ask about our buy-back program! SouthEast Bank will pay you up to $10 cash for your unused checks and debit cards from another financial institution when you open a new SouthEast Bank checking account. We will even take care of shredding them with our secure document shredding process.