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 SIMPLY BUSINESS CHECKING||MERCHANTS BUSINESS CHECKING||MERCHANTS BUSINESS PLUS CHECKING||MERCHANTS COMMERCIAL CHECKING|
|Designed for||Small businesses that require basic checking||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|
|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 firstname.lastname@example.org 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|
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