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Business Deposit Accounts

 

Small Business Checking

Entity Checking

Entity Rewards Checking

Minimum to open

$100.00

$100.00

$100.00

Interest Paid

If balance is over $1000.00

n/a

If balance is over $25,000.00

Interest Rate

See Rates 

n/a

 See Rates 

Interest compounding schedule

Monthly

n/a

Monthly

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

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

Transaction Fee

10¢/item after 50 items

10¢/item after 50 items

 10¢/item after 50 items

Transaction Limits

Unlimited

Unlimited

Unlimited

Type of Statement

Regular w/ images

Regular w/ images

Regular w/ images

Other Requirements 

-must have a DBA certificate

-must have entity papers and entity tax identification number

-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 .25%