Business Checking
There's plenty on your plate when running a business, that's why you need an account that works for you and gives you more out of your money, so you can keep up and stay ahead.
Benefits
- Low minimum balance
- Receive Earnings Credits* based on the account balance
- Earnings Credits may be used to offset charges
- Smooth account opening process
Requirements
- A minimum balance of $0.01 required
- $0.15 for all transaction items1
- $15 per statement cycle
*Commercial Account Analysis (CAA) is a program designed to recognize the value of account balances by awarding “earnings credits”, which may be used to offset account charges. Monthly account charges will be deducted from any earnings credits accrued. If charges exceed earnings credits, the difference will be deducted from your account each month. If your business has multiple accounts, you may choose to consolidate the accounts’ charges and earnings credits to potentially minimize out of pocket costs.
1. Transaction items include: deposits, checks, deposited checks, other debits, credits, ACH, and other automatic transactions.
Business Account Checklist
Be prepared for a smooth account opening process with this list of items.
- Articles of Organization
- Notice from IRS of Federal Tax Identification Number
- Expected level of activities you will run through each account
Needed for anyone who owns 25% or more of the company and on one person who has significant control over the business:
- Photocopy of valid driver's license
- Name
- Address
- Date of birth
- Social security number
Needed for all account signers:
- Photocopy of valid driver's license
- Name
- Address
- Date of Birth
- Social security Number
Since you're interested in Business Checking, you could also consider:
