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Commercial Checking Accounts

Commercial Checking
For larger for-profit retail/service business.

  • $100 opening deposit
  • $7.50 per month service charge
  • $.15 per debit/check
  • $.25 per deposit
  • $.10 per non-cash item deposited
  • Interest charge for use of uncollected funds at Wall Street Journal Prime +3%
  • Regulations allow banks to apply a non-cash earnings credit based on the account balance, which can be used to reduce or offset service charges. Earnings credit rate is variable.
  • Itemized monthly statement
  • Merchant MasterCard/VISA processing available
  • Free Online Banking

Commercial Interest Checking Available to unincorporated sole proprietors, certain not-for-profit corporations, Minnesota municipalities, attorneys and realtors.

  • Interest bearing, variable rate.
  • $1000 opening deposit
  • $1000 minimum balance, with check safekeeping
  • $2500 minimum balance to receive cancelled checks
  • $15 service charge if balance drops below minimum at any time during statement cycle
  • First 25 debits/checks per month are free, $.20 per debit/check for each item over 25
  • First 50 non-cash items deposited per month are free, $.20 for each item over 50
  • Merchant MasterCard/VISA processing available
  • Free Online Banking

Small Business Checking
For most small for-profit retail/service businesses, including formal and informal partnerships, as well as small corporations with low transaction volume.

  • $100 opening deposit
  • $3.00 per month service charge
  • $.15 per debit/check
  • $.15 per non-cash item deposited
  • Interest charge for use of uncollected funds at Wall Street Journal Prime +3%
  • Regulations allow banks to apply a non-cash earnings credit based on the account balance, which can be used to reduce or offset service charges. Earnings credit rate is variable.
  • Itemized monthly statement
  • Merchant MasterCard/VISA processing available
  • Check Safekeeping
  • Free Online Banking

Community Organization Checking
For service groups, clubs, sport leagues, etc.

  • $300 opening deposit and minimum balance
  • $5 service charge if balance falls below minimum
  • First 15 non-cash items deposit per month are free, $.15 per item over 15
  • First 15 debits/checks per month are free, $.15 per debit/check over 15
  • Check Safekeeping

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