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|
Access your account, transfer money, check balances, pay bills and more from your smartphone or tablet. Free with Freedom Checking, Simply Checking, and Growth Checking.
Protect your reputation and reduce expenses. Choose from three levels of personal overdraft protection to help avoid the embarrassment of a declined transaction.
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