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
Monthly Service Charge $5 $15 $20 $10
Average Monthly Balance to Avoid Monthly Service Charge N/A $1,500 $5,000 N/A
Minimum Opening Deposit $100 $100 $100 $100
Items Processed 200 Free / additional items $0.50 each 300 Free / additional items $0.50 each 600 Free / additional items $0.50 each All items processed at $0.12 per item
Business Checks $40 credit toward first order with Harland Clarke $40 credit toward first order with Harland Clarke $40 credit toward first order with Harland Clarke $40 credit toward first order with Harland Clarke
Earnings Credit No No No Yes
Business Debit Card Free Free Free Free
Cash Back* Until 10/24/14 0.50% on POS purchases. Beginning 10/24/14 $0.20 for each POS purchase.  Beginning 10/24/14 $0.20 for each POS purchase.  Beginning 10/24/14 $0.20 for each POS purchase.  No
Merchants Bank Foreign ATM Fee Free $2.00 $2.00 $2.00
Online Banking Free Small Business version Free Small Business version Free Small Business version Free Small Business version
Cash Management Available; additional fees may apply Available; additional fees may apply Available; additional fees may apply Available; additional fees may apply
Bill Payment 20 free bill payments per month / additional items $0.50 each 20 free bill payments per month / additional items $0.50 each 20 free bill payments per month / additional items $0.50 each 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 per transfer Link to a Business Money Market or Business Line of Credit; $5 per transfer Link to a Business Money Market or Business Line of Credit; $5 per transfer Link to a Business Money Market or Business Line of Credit; $5 per transfer
Business Money Market Available with tiered interest rates Available with tiered interest rates Available with tiered interest rates Available with tiered interest rates
Business Certificate of Deposit Variety of rates and terms available Variety of rates and terms available Variety of rates and terms available Variety of rates and terms available
Business Loans & Lines of Credit Variety of rates and terms available Variety of rates and terms available Variety of rates and terms available Variety of rates and terms available

*The current cash reward rebate structure of 0.5% variable rate of the amount of all POS debit card transactions will be discontinued as of Friday, October 24, 1014.  Starting Friday, October 24, 2014, a rebate of $0.20 for each POS debit card transaction will be credited to the Merchants Rewards 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.