Business Checking
Enjoy these services with any Bank of Advance Business Checking Account:
- Online, Mobile, and Text Banking
- Online Bill Pay and P2P Payments
- Electronic statements and notices (eDocs)
- Account monitoring and fraud prevention through Yellow Hammer™ Fraud Detective
- Mastercard® debit card with SHAZAM® Falcon Fraud Detection Alerts
- Currency and coin orders
- Deposits are FDIC insured
Are you wondering what you need to bring with you to open your new business checking account?
|
|
Small Business Checking | Business Checking | Business Plus Checking | Community Checking |
Money Market Account
|
|---|---|---|---|---|---|
|
Interest Bearing
|
No
|
No
|
Yes
|
No
|
Yes
|
|
Minimum Opening Deposit
|
$100
|
$100
|
$100
|
$100
|
$100
|
|
Monthly Service Charge
|
$5
|
$10
|
$10
|
None
|
$10
|
|
Balance to Avoid Service Charge
|
$500
|
None
|
$1,500
|
None
|
$2,500
|
| Monthly Per Item Fees | 300 items free; $0.20 per each additional item |
$0.10 per check written
$0.05 per On-us check deposited
$0.08 per Foreign check deposited
|
100 free checks;
$0.25 per each additional check written
|
100 free checks;
$0.25 per each additional check written
|
6 free withdrawals;
$5 per each additional withdrawal2
|
| Statement Type |
Free eDocs
OR
$3 per paper statement1
|
Free statements
(electronic or paper)
|
Free statements
(electronic or paper)
|
Free statements
(electronic or paper)
|
Free statements
(electronic or paper)
|
| Learn More | Learn More | Learn More | Learn More | Learn More |
1 To avoid a $3 monthly paper statement fee, enroll your account in eDocs to get your statements delivered electronically for free.
2 Transfers from your account to another account or to 3rd parties by pre-authorized, automatic, or telephone transfer are limited to six (6) per month or statement cycle. Abuse of this overage may result in account closing.
Daily Balance Method. We use the daily balance method to calculate interest. This method applies a daily periodic rate to the principal in the account each day.
Compounding and Crediting. Interest will be compounded and credited to the account monthly on the statement date for interest bearing checking and Money Market accounts. If the account is closed before the interest is credited, accrued interest will not be paid.
Accrual of Interest. Interest begins to accrue on the first business day after the day any non-cash deposit is made.
Check Reorder
Quickly and easily reorder your personal or business checks from your mobile device or computer.
Simplify Business
You have enough on your plate! Let us provide you with tools that will help your business.