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Business Checking LegendCompare our Business Checking Accounts to discover which account will work best for your needs.

Simply Free Business Checking Business Interest Checking Commercial Checking Non-Profit Checking
Account Designed For The perfect account for almost any business! Ideal for many businesses, including sole proprietorships and non-profits! For businesses with more complex banking needs! An interest-bearing account with the non-profit in mind.
Minimum Opening Deposit $50 $50 $50 $50
Earns Interest1 Not Included Included with Account Not Included Included with Account
Basic Online Banking Included with Account Included with Account Included with Account Included with Account
BUSINESSpro Commercial Online Banking Not Included Additional fee may apply for this account feature Additional fee may apply for this account feature Additional fee may apply for this account feature
Basic Bill Pay Included with Account Included with Account Not Included Not Included
Business Bill Pay Not Included Not Included Additional fee may apply for this account feature Additional fee may apply for this account feature
LSBpro Treasury and Cash Management Services2 Not Included Not Included
Images of Checks in Statement Included with Account Included with Account Included with Account Included with Account
ATM/Debit Card Included with Account Included with Account Included with Account Included with Account
Earnings Credit4 Not Included Not Included Included with Account Included with Account
Overdraft Protection5 Request an application. Request an application. Request an application. Request an application.
Monthly Maintenance Service Charges6 None If average daily balance falls below $5,000 for the statement cycle, then a $5.00 maintenance service charge applies.

$15.00 maintenance service charge applies.

None
Standard Transaction Item Fees8

1,000 Free standard transaction items.

No charge.

1,000 Free standard transaction items.

No charge.
$0.15 per basic transaction item.

1,000 standard transaction items free per month, then a $0.10 fee per debit and credit over 1,000.

Aggregate Cash Fees9 $10,000.00  $10,000.00 

$5,000 processed at no charge each statement cycle, then $0.05 per $100 for additional cash deposits and withdrawals.

$20,000 processed at no charge each statement cycle, then $0.05 per $100 for additional cash deposits and withdrawals. 

1 Your interest rate and annual yield may change. At the bank’s discretion, we may change the interest rate on your account daily. Interest will be compounded and credited to your account monthly. Interest begins to accrue no later than the business day the bank received credit for the deposit of non-cash items (for example, checks). We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Ask us about our current rates.
2 These services require a separate agreement. Additional fees may apply.
4 Ask us for our current earnings credit.
5 Subject to credit approval.
6 Service charge assessed includes the per-item fees.
7 The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is a monthly cycle.
8 Standard transaction items include all deposited items (including deposit slips) and other credits to the account plus all withdrawals (excluding ATM), transfers, and other debits from the account, whether by check, debit card, overdraft protection transfer, automated clearing house (ACH), or otherwise. If the Simply Free Business or Business Interest account exceeds 1,000 free monthly transactions, the account may be converted to another checking product.
9 Aggregate cash fees are calculated each calendar month at month-end and then charged on the following statement cycle. To determine the amount of the fee, we divide the amount of cash deposits and withdrawals that exceed the cash processed at no charge by 100 and multiply the resulting quotient by the applicable fee.

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