Compare Our 4 Business Checking Accounts
Compare the account features, benefits and details to find the account that best matches the checking and financial needs of your business.
|MERCHANTS REWARDS CHECKING||MERCHANTS BUSINESS CHECKING||MERCHANTS BUSINESS PLUS CHECKING||MERCHANTS COMMERCIAL CHECKING|
|Designed for||Small businesses that enjoy rewards for debit card use.||Businesses that maintain a moderate monthly balance with moderate transaction volume||Businesses that maintain a high monthly balance and moderate to high transaction volume||Businesses with high transaction volume|
|Cash Back*||$0.20 on POS purchases||$0.20 on POS purchases||$0.20 on POS purchases||No|
|Minimum Opening Deposit||$100.00||$100.00||$100.00||$100.00|
|Monthly Service Charge||$5.00||$15.00||$20.00||$10.00|
|Average Daily Balance to Avoid Monthly Service Charge||N/A||$1,500.00||$5,000.00||N/A|
|Items Processed||200 Free / additional items $0.50 each||300 Free / additional items $0.50 each||600 Free / additional items $0.50 each||Per deposit item, per check processed, and per deposit $0.12 each, ACH processed at $0.10 each.|
|Merchants Bank Foreign ATM Fee||Automatically rebated||$2.00||$2.00||$2.00|
All of our Business Checking accounts offer:
|Online Banking||Free Small Business or Corporate version available; additional fees may apply|
|Business Debit Card||Free|
|Cash Management Services||Available; additional fees may apply. Please contact email@example.com for details|
|Bill Payment||20 free bill payments per month / additional items $0.50 each|
|Overdraft Coverage||Link to a Business Money Market or Business Line of Credit; $5.00 per transfer|
|Business Money Market||Available with tiered interest rates|
|Business Certificate of Deposit||Variety of rates and terms available|
|Business Loans & Lines of Credit||Variety of rates and terms available|
*A rebate of $0.20 for each POS debit card transaction will be credited to the Rewards Checking, Business Checking and Business Plus Checking account at the time of the statement cycle. If the account is closed before the rebate is credited, you will not receive the rebate amount. ATM cash withdrawals are not eligible for this rebate. IRS 1099 reporting is required for annual rebates of $600 or greater.
MasterCard® Debit Card with complimentary fraud monitoring program. Pay bills, buy gas, groceries, gifts and more. Learn how to earn cash back on POS purchases!
Access your account, transfer money, check balances, pay bills and more from your smartphone or tablet. Free with Freedom Checking, Rewards Checking, Growth Checking.
Sign up for one of our free classes and get the knowledge you need to make smarter financial decisions.