Checking
A business savings account, with higher interest paid on larger balances.
Best Free
Business CheckingSmall Business Interest
Commercial Checking
High Yield
Money Market
Description
Designed specially for businesses that do not require high volume coin and currency accounts.
Available to non-profits, sole proprietorships, IOLTAs, public funds and other government entities.
Designed for companies with more complex banking needs.
How many checks and deposited items can I have on my account each month?
500 fee-free transactions per month; $.50 per item above these limits.
250 fee-free transactions per month; (ACH debits and credits, checks paid, deposit items and deposit tickets). $.35 per each additional item.
Pay for only those services you actually use. Plus, there’s no charge if your earnings credit exceeds monthly charges.
6 free pre-authorized transactions per month (3 can be checks); $10 for excess transactions
Does my account earn interest?
No
Yes
No
Tiered money market interest rates on balances of $15,000 or more; regular Savings rate on balances less than $15,000
What is the minimum balance requirement?
no minimum balance required
$1,000 minimum balance requirement
Monthly earnings credit determined by applying the current earnings rate to the daily collected balance
$1,000 minimum balance required
Will I be charged a monthly service fee?
no monthly service charge
$11 if daily collected balance falls below minimum balance
Based on a monthly analysis of the earnings credit and the per item charges, if the earnings credit exceeds the monthly service charge, no monthly service charge is assessed. If the charges exceed the credit, a service charge of the net difference is assessed to the account.
$10 monthly service charge if daily collected balance falls below minimum