Business: Checking Comparison Chart



Checking Account Options and Requirements (Table 1)
  Small Business Checking Commercial Checking Business NOW Checking
Description Designed for small to medium-sized businesses with moderate monthly transaction volume. For businesses with more complex needs, this account offers the opportunity to receive a variable rate earnings credit on the average balance you maintain. For sole proprietors or qualified non-profits that would like to earn interest.
Minimum Opening Deposit $100 $500 $500
Balance to Avoid Monthly Service Charge None Varies based on activity $500 average daily balance
Monthly Service Charge No fees for 200 items paid or deposited 15¢ per item thereafter, excluding ACH transactions $10 per month, plus 15¢ per item paid or deposited1, excluding ACH transactions $3 plus 15¢ per item paid1, excludes ACH transactions. No interest if average daily balance is not maintained
Statements Free online4 Free online4 Free online
Online Access Free Free Free
Business Debit Card Yes Yes Yes
Cash Management First 3 months free, regular monthly service charge thereafter2 First 3 months free, regular monthly service charge thereafter2
Remote Capture First 3 months free, regular monthly service charge thereafter2 First 3 months free, regular monthly service charge thereafter2
Checks 25% off first order of checks, up to $25
Night Deposit Services Yes Yes Yes
Special Features By maintaining the average daily balance, your account will receive a competitive rate of interest


Checking Account Options and Requirements (Table 2)
  Business Money Market Business Tiered
Money Market
Community Checking
Description Standard money market account with limited check writing. Tiered money market account with limited check writing.

Higher interest rate with higher balances.
An account to help support community based organizations and associations with smaller transaction needs.
Minimum Opening Deposit $2,500 $10,000 $25
Balance To Avoid Monthly Service Charge $2,500 average daily balance $10,000 average daily balance None
Monthly Service Charge $3 per month if average daily balance is not maintained $10 per month if average daily balance is not maintained None
Statements Free online Free online Free online
Online Access Free Free Free
Business Debit Card Yes Yes Yes
Cash Management First 3 months free, regular monthly service charge thereafter2
Remote Capture
Checks
Night Deposit Services Yes Yes Yes
Special Features Market based interest rates

Six transfers per statement cycle3
Market based interest rates

Six transfers per statement cycle3
  • 1. Service charges on High Activity Business Accounts maybe subject to review and analysis
  • 2. Per remote capture or cash management agreement
  • 3. Unlimited withdrawals if made in person, by mail, messenger, or ATM
  • 4. $10 per month for paper statements
Equal Housing Lender logo