Checking Comparison
Which checking account you choose depends on the amount of activity you typically have each month for your business.
Our cash management specialists can analyze your current statements and propose the best option.
| Features | Free Business Checking | Basic Business Checking | Business Review Checking |
|---|---|---|---|
| Statement Type | Electronic | Electronic or Paper | Various Options Available |
| Opening Balance | $100 | $100 | $100 |
| Minimum Balance to Waive Service Fees 1 |
No minimum balance required |
$2,500 Average Daily Balance |
Dependent upon earnings credits 5 |
| Monthly Maintenance Fee | No monthly maintenance fee |
$12 | $15 |
| Activity Fees 2 | $1 for each transaction item over 100 per month |
$0.50 for each transaction item over 150 per month |
Consult your Business Banking Officer |
| Check Copies | $2 each (6 copies per year free) |
$2 each (6 copies per year free) |
$2 each (6 copies per year free) |
| Locked Night Deposit Bags | $20 | $20 | $20 |
| Wire Transfers 3 Outgoing Incoming |
$25 - $50 $20 |
$25 - $50 $20 |
$25 - $50 $20 |
| Business Debit Card | Available | Available | Available |
| Visa ® Credit Card with Rewards 4 | Available | Available | Available |
1 The Average Daily Balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
2 Transaction items include checks written, checks deposited, and deposit slips. Electronic transactions are unlimited.
3 Wire transfer requests must be made either through Online for Business or in person.
4 Subject to credit approval.
5 You will receive an earnings credit based upon the average available balance in the account (less reserve requirements). This credit can offset monthly charges such as activity, maintenance, and some miscellaneous fees. The credit rate applied against the balance is variable and determined monthly at the Bank's discretion. Credits earned each statement cycle will used to offset qualified monthly charges accumulated during the same statement cycle. Unused credits will be forfeited.
Looking for a personal checking account with great benefits?
Enjoy easy account access via ATMs, Visa® Debit Cards, and free Online Banking.
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