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

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

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:

1. Receive a direct deposit or ACH debit
2. Enroll in eStatements
3. 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)

Best Solution For

Businesses with moderate transaction needs wanting to maximize their earning potential with tiered interest

Description

Interest is earned on daily collected balances 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.

Rates are variable and subject to change. Fees may reduce earnings. 

Service Charges

$0.25 cents for items over 500 and $1.00 per $1,000 deposited in cash or currency over $10,000 per month.  

$15.00 monthly service fee.  Fee will be waived with an average daily balance of $10,000 during the statement period.

$3 paper statement fee - waived when enrolled in eStatements.

Minimum to Open & Features

$50

• Competitive interest
• 20 free mobile deposits per statement cycle, with a $1 fee for each exceeding deposit

Tiered interest rates based on balances maintained:

• .05% Interest Rate, .05% APY* ($0 - $99,999)
• .10% Interest Rate, .10% APY* ($100,000 - $249,999)
• .15% Interest Rate, .15% APY* ($250,000 - $499,999)
• .20% Interest Rate, .20% APY* ($500,000 - $999,999)
• .25% Interest Rate, .25% APY* ($1,000,000+)
  

Terms and Conditions

*APY = annual percentage yield. Rates are variable and subject to change. APYs are accurate as of 2/12/2021. Fees may reduce earnings.