Which account will work best for my business?
Business Checking would work best for a business that has low transactional volumes and that keeps an average daily balance of less than $3,000.
Business Checking Plus is a great fit for a business that has higher transactional volumes, maintains a higher balance and wants to earn interest on deposits.
Is there a monthly service fee for Business Checking Plus?
There is a $10 monthly service fee for Business Checking Plus. This fee is waived on accounts with an average daily balance over $3,000. If you maintain a lower average balance check out Business Checking.
Can I deposit cash without transactional fees?
Business Checking provides $2,500 cash deposited per month without fee. Any amount over $2,500 is charged a fee 0.15% of cash deposited. For example, if you deposit $2,600 you would be charged a $0.15 fee overage.
Business Checking Plus provides $10,000 cash deposited per month without fee. Any amount over $10,000 is charged a fee of 0.15% of cash deposited. For example, if you deposit $10,100 you would be charged a $0.15 overage fee.