Business Checking

Types of checking accounts tailored to your business.

ACCOUNT COMPARISON CHART

Simple Business CheckingNon-Profit Business CheckingChoice Business Checking
Best ForSmall businesses with low transaction volumeNon-Profit organizations, with low to moderate transaction volumes Small to medium-sized businesses with high transaction volumes
Account opening balance$100$100$100
Monthly service feeNoneNone$22
Average Daily Balance Required to avoid Monthly Service ChargeNoneNone$15,000
Number of Included Transactions per monthUp to 100 transactions, then $0.40 per excess transactionUp to 500 transactions then $.040 per excess transactionUp to 500 transactions, then $0.40 per excess transaction
Number of Included items per Deposit2 per monthUp to 10 deposits, then $2.00 per excess depositUp to 35 de3posits, then $2.00 per excess depositUp to 35 deposits, then $2.00 per excess deposit
Number of Included items per Deposit2Up to 10 items per deposit, then $0.50 per excess itemUp to 10 items per deposit, then $0.50 per excess itemUp to 10 items per deposit, then $0.50 per excess item
Amount of Cash processed at No ChargeUp to $1,000, then $0.20 per $100Up to $3,500, then $0.20 per $100Up to $3,500, then $0.20 per $100
Bonus Credit$25 credit towards initial checkbook purchase$50 credit towards initial checkbook purchase$100 credit towards initial checkbook purchase
Earnings CreditNot AvailableNot AvailableNot Available

1 Transaction are all external debits and credits. This includes, but may not be limited to, share drafts cleared, ACH debits and credits, debit card transactions, ATM withdrawals, bill pay debits, and Remote Deposit Capture items.

2Each single deposit made in a branch or at an ATM

3Items per deposit are any item included in an individual deposit that is received in-branch, at an ATM, or through Remote Deposit Capture.

ACCOUNT COMPARISON CHART

Analysis Business CheckingZero Balance Checking
Best ForNon-Profit organizations, with low to moderate transaction volumesLarge businesses with very high transaction volume
Account opening balance$100$0
Monthly service fee$20$20
Average Daily Balance Required to avoid Monthly Service Charge$0.20 per check$0.20 per check
Deposit1,2 Fee$0.75 per deposit ticket (Maximum of 10 items per ticket)$0.75 per deposit ticket (Maximum of 10 items per ticket)
Cash Deposit1FreeFree
ACH Credit / Debit Received$0.15 per item$0.15 per item
Sweep Checking Monthly Fee$30$30
Earnings CreditNot AvailableAvailable

1Each single deposit is made in-branch or at an ATM. Each cash deposit is considered one item.

2Items per deposit are any item included in an individual deposit that deposit is received in-branch, at an ATM, or through Remote Deposit Capture

Business Account Documentation Checklist

When getting ready to open your business membership, here is a list of documents you will need to have on hand.

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