people shopping in street

Business Checking Overview

ACCOUNT FEATURES SMALL BUSINESS COMMERCIAL BUSINESS BUSINESS INTEREST BUSINESS MONEY MARKET
Business Entity Requirement? Any Any Any Any
How to Get Account? Open account in person Open account in person Open account in person Open account in person
Check Images Returned? Yes Yes Yes Yes
FDIC Insured? Yes Yes Yes Yes
Earns Interest? No Earns Credit When balance exceeds $5,000 When balance exceeds $500
Bill Pay? Free with E-Statements Free with E-Statements Free with E-Statements No, but sign up for E-Statements anyway
Earns credits to offset maintenance and activity fees? No Yes, credits may offset fees below No No
Monthly Service Charge? $0 $5 $8 if balance falls below $5,000 $8 if balance falls below $2500
Coin & Cash Services?* $20K then $4 per thousand Unlimited except for MSB's** Unlimited except for MSB's** N/A
Check or Debit per item: 500 Free, then 25¢ each 10¢ 100 Free, then 4¢ each See Business Money Market comments
Deposit or Credit per item: Counts toward 500 free listed above Counts toward 100 free listed above Unlimited

*Cash & Coin Services: Coin wrapped, cash strapped for free with a typical Commercial Business Checking account. Special rates apply for cash-intensive businesses, such as check cashers. Coin wrapping available only at Cedar City and Kanab offices.

**MSB = Money service business, such as one that cashes checks for customers.

Two-Signatures Required: Any two-signatures required account is subject to a $10 service fee if the account balance falls below $1,000 any time during the monthly cycle.

The earnings credit is calculated at 1% (annual rate) of the average monthly collected balance. The credit is used to offset maintenance and per-item fees and applies only to the month it is earned.

Other Business Accounts Options