Business Checking
Free Business Checking
Interest Checking
Account Analysis
Description
The perfect solution for all businesses that have fewer than 1,000 transactions*/mo.
Balances in this account earn interest that is paid monthly. There are no limits to the number of checks written or deposits made. By law, this account is available only to sole proprietors and eligible non-profit organizations.
This account is designed for higher- volume business accounts.
Account activity (checks and deposits) is unlimited, and an earnings credit on balances will offset transaction fees.
Minimum Balance
None
None
None
Monthly Fee
None
$6.00 maintenance fee
$.18 charge for each check written
$.09 charge for each check not on us item deposited
$6.00 maintenance fee
$.18 charge for each check written
$.09 charge for each check not on us item deposited
Interest
None
Yes**
Earnings Credit***
Features
Up to 1,000 transactions*/mo.
$500 minimum deposit to open
5 Free Online Bill Payments/mo.
Free Online Banking
Check Card
Images of cancelled checks
Full range of business check styles available
Option of electronic statements
Unlimited deposits & withdrawals
Free Online Banking
5 Free Online Bill Payments/mo.
Check Card
Images of cancelled checks
Month-end statements
Full range of business check styles available
Option of electronic statements
Unlimited deposits & withdrawals
Free Online Banking
5 Free Online Bill Payments/mo.
Check Card
Images of cancelled checks
Month-end statements
Earnings credit to offset charges***
Full range of business check styles available
Option of electronic statements
*A transaction consists of individually deposited items and checks written.
**Interest is a variable rate and will change at the discretion of the Bank. Interest paid monthly.
***Earnings credit is a computed value on the average available balance using the previous month average 91 day T-bill rate less .25 percent.
Servicing Park Rapids, MN And The Surrounding Areas
Family owned and operated since 1919
Our team members greet you with a smile and the expertise you are looking for!
