Business Checking

Best Solution For

Small businesses with limited transaction needs

Description

No minimum balance requirements. Up to 250 transaction items and up to $10,000 in coin and currency deposits per statement cycle. If one of these limits is exceeded, free accounts may be changed to another account type. 

Business checking accounts also offer 20 free mobile deposits per month. Each exceeding deposit may incur a $1 fee.

Minimum to Open

$50

• No minimum balance
• 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.

Up to 250 transaction items and up to $10,000 in coin and currency deposits per statement cycle. If one of these limits is exceeded, free accounts may be changed to another account type.

Business checking accounts also offer 20 free mobile deposits per month. Each exceeding deposit may incur a $1 fee.

$Minimum to Open

$50

• Competitive interest
• No minimum balance
• 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. Enroll in eStatements
2. 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*. 

This is a variable rate tiered account. 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. 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 another account type. 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 deposit 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. Rates are variable and subject to change after account opening.
To earn the bonus rate, each statement cycle the account must be enrolled in eStatements and post and clear at least 15 debit card transactions of $1 or more. If all qualifications are met during the statement cycle, the account will earn 2.01% APY on balances of up to $30,000 and .20% APY on balances over $30,000. If bonus qualifications are not met during the statement cycle, the account will earn .05% APY. Interest earnings are based on daily collected balances and are credited monthly to the account. Qualifying transactions include point of sale or online purchases using the SouthEast Bank debit card. ATM and cash-only transactions do not qualify towards minimum debit card transaction amount. Each account is limited to 100 transaction items and $10,000 in currency deposits per statement cycle. $3.00 Paper Statement fee applies if account is not enrolled in e-statements each statement cycle. Free Card Valet and Merchant Evaluation Services. 20 mobile deposits per month ($1.00 per mobile deposit over 20). Fees may reduce earnings. Some fees and restrictions apply. Visit southeastbank.com or ask an associate for complete details. Rates are accurate as of 7-1-2021 . 

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 7-1-2021 . Fees may reduce earnings.