Business Checking
Improve your business with smarter checking options.
The right checking account frees you up to focus more on your projects, customers, and day-to-day operations. Whether your company is hundreds strong or you’re the sole proprietor of a small business, we offer checking accounts to help you manage your checking needs more effectively. Simplify transactions, improve access to your funds, and take advantage of a range of additional services.
| Table Heading Row | Business Checking | Commercial Checking | Commercial Checking Plus | Non-Profit Checking |
|---|---|---|---|---|
| Monthly Service Charge* |
$8 |
$10 |
$15 |
$5 |
| Business Online Banking |
Available |
Available |
Available |
Available |
| Business Bill Payment |
Available |
Available |
Available |
Available |
| Business Debit Card |
Available |
Available |
Available |
Available |
| Minimum Balance Required to Open Account |
$50 |
$100 |
$100 |
$50 |
| Transaction Charges |
Over 100 items (checks paid, checks deposited, deposit tickets) $0.40 each; unlimited electronic transactions |
Per item paid $0.15, per item deposited $0.12, per deposit ticket $0.10, uncollected balance position based on bank reference rate*** ACH debit $0.12/credit $0.10 |
Per item paid $0.18, per item deposited $0.15, per deposit ticket $0.25, uncollected balance position based on bank reference rate*** ACH debit $0.12/credit $0.10 |
Over 100 items (checks paid, checks deposited, deposit tickets) $0.40 each; unlimited electronic transactions |
| Qualifiers to Avoid Monthly Service Charge |
$1,000 average available balance, excess monthly transaction charges will continue to apply |
None |
Investable balance/earnings credit, account analysis*** |
$250 average available balance, excess monthly transaction charges will continue to apply |
| Monthly Statement Charges |
No charge for paperless statement (Business Online Banking required) $5 per account for mailed statement |
No charge |
No charge |
No charge for paperless statement (business online banking required) $5 per account for mailed statement |
| Statement with Check Images |
$5 per account, for images |
$5 per account, for images |
No charge |
$5 per account, for images |
| More Details | ||||
| Table Heading Row | Interest Earning Business Checking** | Business Money Market (MMA) |
|---|---|---|
| Monthly Service Charge |
$10 |
$10 |
| Business Online Banking |
Available |
Available |
| Business Bill Payment |
Available |
Not Applicable |
| Business Debit Card |
Available |
Not Applicable |
| Minimum Balance Required to Open Account |
$50 |
$100 |
| Transaction Charges |
Over 100 items (checks paid, checks deposited, deposit tickets) $0.40 each; unlimited electronic transactions |
Over 6 withdrawals $1 each. Over 25 checks deposited, $0.40 each. You may make 6 transfers from account each statement cycle, up to 6 by check to third parties or remaining preauthorized transfers by automated debit or telephone. A $10 excess transaction fee may apply.**** |
| Qualifiers to Avoid Monthly Service Charge |
$2,500 average available balance, excess monthly transaction charges may apply |
$2,500 average available balance, excess monthly transaction charges may apply |
| Minimum Available Balance to Earn Interest |
$1,000 |
$1,000 |
| Monthly Statement Charge |
No charge for paperless statement (business online banking required) $5 per account for mailed statement |
No charge |
| Statement with Check Images |
$5 per account, for images |
$5 per account, for images |
| More Details | ||
*The Monthly Service Charges will post even if no checks are paid/deposited.
**Only Non-Incorporated Sole Proprietorships are eligible for interest bearing, transaction accounts.
***Fees are reduced by an earnings credit which is calculated using a periodically established market rate, times the average investable balance in your account during the month. The investable balance is determined by subtracting deposit float and reserve requirements from the average available balance. If the investable balance for your account falls below zero, which can occur when you use uncollected funds, a fee will be assessed based on the bank’s reference rate.
****Important Account Update: We are waiving all excess withdrawal charges on savings and money market accounts during the COVID-19 pandemic due to the increased need to access electronic banking and use alternative payment methods. (Effective 5/11/2020)