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Business Deposit Accounts

Business Checking Accounts

  Small Business Checking Entity checking
Minimum to open

$100.00

$100.00

Interest Paid

If balance is over $1000.00

n/a

Interest Rate

0.50%

n/a

Interest compounding schedule

Monthly

n/a

Monthly Service Fee

-$10.00 on balances below $100
- $5.00 charge on all accounts

-$10.00 on balances below $100
- $5.00 charge on all accounts

Transaction Fee

.05/item after 100 items

.05/item after 50 items

Transaction Limits

Unlimited

Unlimited

Type of Statement

Regular w/ images

Regular w/ images

Other Requirements 

-must have a DBA certificate

-must have entity papers and entity tax identification number

Other Restrictions or Benefits 

 

-account is subject to account analysis
-Earnings credit as an offset to service fee and transaction charges at a rate of 1%