Business Checking Accounts
Compare your options.
| Product Features | Small Business Checking | Commercial Checking | Business Money Market |
|---|---|---|---|
| Business type | Businesses that maintain a low average balance and have limited or minimal transactions. | Businesses that maintain a substantial balance, have many transactions and want unlimited account access. | Businesses that want to save their excess funds in a High Yield Money Market account. |
| Monthly maintenance fees Transaction fees etc. | $2,000 monthly average balance required to avoid monthly service charges: $6 for $1,000–$1,999; $8 for $500–$999; $10 for $1–$499 | $10 | $2,500 minimum balance (or $10,000 average balance to avoid a $10 monthly service charge) |
| Transaction Fees | First 100 checks and debits are free. All deposited foreign items are $0.06 each. | Checks are $0.16 each, Deposits are $0.20 each, and all Deposited foreign items are $0.06 each. | No charge for the first six withdrawals per month. $5 charge for each additional check or withdrawal.3 |
| Interest Earned | Not available on this account | Not available on this account | Interest1 calculated, compounded and credited monthly based on tiered balances: $2,500–$9,999; $10,000–$49,999; $50,000–$99,999; $100,000 and over |
| Earnings Credit | None | The earnings credit rate1 is based on market rates and applied to the average balance. | None |
| Business Online Banking | Available2 | Available2 | Available2 |
| Cash Management Services | Not available on this account | Available2 | Available2 |
- 1 Earnings credit and Interest Rates are subject to change after the account is opened.
- 2 See Fee Schedule for pricing.
- 3 Up to six withdrawals or transfers, including preauthorized, automatic or telephone transfers, are allowed per monthly statement cycle.
