Business Checking Accounts
Our straightforward checking accounts are designed with flexibility in mind. For smaller businesses, the Traditional Business Checking product may be exactly right. For larger business with more complex cash management needs, Commercial Checking may be a better value. Are you a non-profit or sole proprietorship? You’ll want to check out our Business Interest Checking for Non-profits and other qualified entities.
Need help deciding? For information needed to open your account online, visit our digital account opening page or email [email protected] to initiate a no-obligation analysis of your business checking needs. We may be able to save you and your business time . . . and money.
Traditional Business Checking
This is a great account for companies looking for flexibility on their monthly balance and transaction volume.
- $100 minimum opening balance
- Online and mobile banking
- Paper or electronic statement with images
- $1,000 average daily balance to avoid $10 monthly service charge and up to 500 free items based on average daily balance. An excessive item charge may apply.
| Transactions | Average Daily Balance |
|---|---|
| 500 |
$25,000+ |
| 400 | $15,001 - $25,000 |
| 300 | $5,001 - 15,000 |
| 200 | Less than $5,000 |
Commercial Checking
This is a great account for companies with multiple accounts, higher monthly volumes and cash management needs.
- Unlimited check writing
- Monthly analysis statement provided enabling you to determine the necessary balances needed to cover activity charges in your account
- No monthly service charge provided the account balance is sufficient to cover the cost of services used
Non-profit Checking
Traditional Bank has an interest bearing checking account to serve the unique needs of non-profit clients, Interest on Lawyers Trust Accounts (IOLTA's*), and sole proprietorships. With unlimited check writing and debit card access this account also features:
- $100 minimum opening balance
- $1,500 minimum balance required to avoid $10 service charge
- Online and mobile banking
*No minimum balance required for IOLTA accounts.
Community Checking
This account is designed for small clubs and associations, including sports teams, Sunday school classes, scout troops, PTA's, class reunions, school clubs, memorial funds and more.
- No minimum balance required
- Electronic Statement
- Maximum of 100 items per month
- Excessive item charge: $0.35
- Debit card available
- If you are unsure whether you qualify for this account, contact your neighborhood banking center.