Business Checking

»Customer Identification Requirements

Account Type Intended For Opening Deposit Minimum Balance Business Online Banking and Powerpay Interest Bearing
Commercial Checking
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Businesses and Corporations $100 None Free No
(Earnings Credit)

Commercial Checking
Commercial Checking is designed for the medium to large business and corporations. Specifics include:

  • Monthly Imaged statement
  • Statements available on disc
  • Unlimited use of Direct Line 24 telephone banking
  • Free B.O.B. (Business Online Banking)
  • Free PowerPay (unlimited usage)
  • Free Business CheckCard
  • Free ATMs nationwide
Free Small Business
Checking
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Small Business $100 None
$5,000 for no service charge
Free No

Free Small Business Checking
Option 1
Designed as free account for business that have fewer than 200 transaction a month.

  • No minimum balance requirement
  • No Monthly Service Charge
  • 200 transactions are free (Transactions include checks written, deposits, items deposited and transfer)
  • $ .25 per transaction over 200
  • Free Online Banking & Powerpay
  • Free Business Check Card
  • FREE ATMs Worldwide
  • Free imaged monthly statement

Option 2
Designed for businesses that have fewer than 100 statement transactions per month. By maintaining a minimum balance of just $5,000, you avoid the service charge. Other features include:

  • Monthly Imaged Statement
  • Statements available on disc
  • Free Business Check Card
  • Unlimited use of Direct Line 24 telephone banking
  • Free B.O.B. (Business Online Banking)
  • Free PowerPay (unlimited usage)
  • Free ATMs Nationwide
Business Checking with Interest
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Sole Proprietorships $100 None
$1,000 for no service charge
Free Yes

Business Checking with Interest
Business Checking with Interest is a unique account that combines the old Now, Super Now and Money Market accounts with additional tiers to earn a higher rate of interest on investment balances. Available to individual sole proprietorships only. Features include:

  • Monthly Imaged Statement
  • Statements available on disc
  • Free B.O.B. (Business Online Banking)
  • Free PowerPay (unlimited usage)
  • Free Business CheckCard
  • Free ATMs Nationwide
  • Unlimited check writing
  • Unlimited use of Direct Line 24 telephone banking

Non-Profit
Checking
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Non-Profit Organizations $100 None
$1,000 for no service charge
Free Yes

Non-Profit Checking
Non-Profit Checking is a unique account that combines the old Now, Super Now and Money Market accounts with additional tiers to earn a higher rate of interest on investment balances. Available to Non-profit organizations only. Features include:

  • Monthly Imaged Statement
  • Statements available on disc
  • Free B.O.B. (Business Online Banking)
  • Free PowerPay (unlimited usage)
  • Free Business CheckCard
  • Free ATMs Nationwide
  • Unlimited check writing
  • Unlimited use of Direct Line 24 telephone banking

Market Rate
Checking
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Businesses $100 $5,000 Free Yes

Market Rate Checking
Market Rate Checking is intended for all businesses. Features include:

  • Monthly Imaged statement
  • Statements available on disc
  • Unlimited use of Direct Line 24 telephone banking
  • Free B.O.B. (Business Online Banking)
  • Free PowerPay (unlimited usage)

IOLTA Checking
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Lawyers Trust Account $100 None N/A Yes

IOLTA Checking

IOLTA stands for "Interest on Lawyer Trust Accounts." This account is only available for attorneys who are setting up accounts into which they will be receiving client funds in trust.