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. Service fee of $0.14 cents per transaction item over 250 and $1.00 per $1,000 for currency transactions over $10,000 per month.
If one of these limits is exceeded, free accounts may be changed to Business Analytics Checking Accounts. Each exceeding transaction item may incur a fee of $0.14 per item, and each exceeding $1,000 deposit may incur a $1 fee.
Business checking accounts also offer 20 free mobile deposits per month. Beginning October 1, 2020, each exceeding deposit may incur a $1 fee.
Service Fee
$0.14 cents per transaction item over 250 and $1.00 per $1,000 for currency transactions over $10,000 per month
Minimum to Open
$50
- No minimum balance
- Fee of $0.14 cents per transaction item over 250 and $1.00 per $1,000 for currency transactions over $10,000 per month
- No fee for up to 20 mobile deposits per statement cycle
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Free Small Business Interest Checking
Best Solution For
Small businesses with moderate transactions
Description
Earn competitive interest rates with no minimum balance requirements. Interest earnings are based on daily collected balances and are credited monthly to the account.
Service fee of $0.14 cents per transaction item over 250 and $1.00 per $1,000 for currency transactions over $10,000 per month.
If one of these limits is exceeded, free accounts may be changed to Business Analytics Checking Accounts. Each exceeding transaction item may incur a fee of $0.14 per item, and each exceeding $1,000 deposit may incur a $1 fee.
Business checking accounts also offer 20 free mobile deposits per month. Beginning October 1, 2020, each exceeding deposit may incur a $1 fee.
Service Charge
$0.14 cents per transaction item over 250 and $1.00 per $1000 for currency transactions over $10,000 per month
$Minimum to Open
$50
- Competitive interest
- No minimum balance
- Service fee of $0.14 cents per transaction item over 250 and $1.00 per $1000 for currency transactions over $10,000 per month
- No fee for up to 20 mobile deposits per statement cycle
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Business Bonus Rate Checking
Best Solution For
Businesses wanting to earn our highest bonus rates on balances up to $30,000
Description
Earn a 2.01% APY* monthly bonus on balances up to $30,000 when you:
- Receive a direct deposit or ACH debit
- Enroll in eStatements
- Post and settle at least 15 business debit card transactions
If these qualifications are met during the statement cycle, the account holder will receive 2.01% APY* on balances up to $30,000 and .20% APY* on balances over $30,000. If the qualifications are not met, the account holder will receive .05% APY*.Interest earnings are based on daily collected balances and are credited monthly to the account. Limit one Bonus Rate Checking account per primary owner tax ID.
Business checking accounts also offer 20 free mobile deposits per month. Beginning October 1, 2020, each exceeding deposit may incur a $1 fee.
Service Charge
$0.14 cents for items over 100 and $1.00 per $1,000 for currency transactions over 10,000 per month.
If one of these limits is exceeded, free accounts may be changed to Business Analytics Checking Accounts. Each exceeding transaction item may incur a fee of $0.14 per item, and each exceeding $1,000 deposit may incur a $1 fee.
Minimum to Open
$50
- Competitive interest
- No minimum balance
- Service fee of $0.14 cents for items over 100 and $1.00 per $1,000 for currency transactions over 10,000 per month.
- $3 paper statement fee waived when enrolled in eStatements, or when the account holder maintains a daily average balance of $1,200
- No fee for up to 20 mobile deposits per statement cycle.
Terms and Conditions
*APY = annual percentage yield.
This is a variable rate tiered account. To earn a higher rate three Bonus Conditions must be met. Each month the account must: 1) Be enrolled in e-statements, 2) Post and settle at least 15 point of sale debit card transactions, and 3) Receive at least one direct deposit or ACH debit. Each Limited to 100 transaction items and $10,000 in currency deposits per month. $3.00 Paper Statement fee applies if account is not enrolled in e-statements. Free Card Valet and Merchant Evaluation Services. 20 mobile deposits per month ($1.00 per mobile deposit over 20)
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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, and nominal fees for higher monthly transaction volumes.
Interest is earned on daily collected balances of $0 and above and is credited monthly to the account. Please note, this is a tiered rate account that earns higher interest based on higher balances, and interest rates may reprice with the market.
Business checking accounts also offer 20 free mobile deposits per month. Beginning October 1, 2020, each exceeding deposit may incur a $1 fee.
Service Charge
$0.14 per transaction
Minimum to Open
$50
- Competitive interest
- No minimum balance
- Transaction Items only $0.14 each
- No fee for up to 20 mobile deposits per statement cycle
Tiered interest rates based on balances maintained:
- .10% APY* ($100,000+)
- .05% APY* ($0 - $99,999)
Terms and Conditions
*APY = annual percentage yield. Rates are variable and subject to change. APYs are accurate as of 8/10/2020. Fees may reduce earnings.
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.