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Business Checking Accounts

Checking Account options for Your Business

A financially sound business is built on a checking account that maximizes deposits while minimizing fees.  First State business checking options – Basic, Regular and Business Analysis – were designed to help businesses of varying sizes and needs manage their funds efficiently.

Compare First State checking accounts to find the best solution for your business.

ProductBasicRegularBusiness Analysis
Description

This is an exceptional value for businesses with a low level of account activity.

Designed  for  businesses with typical transaction activity.

An analyzed account that manages moderate to high transaction activity.

Opening Balance

$100.00

$100.00

$300.00

Monthly Service Charge4

none

$7.50 service charge a month if your average daily balance falls below $500 per statement cycle.

$12.00 Monthly service charge and/or item costs may be offset by earnings credit depending on account balance.¹

Account Transaction Fee

First 30 items per statement cycle2 no charge, then $0.10 per item.

First 100 items per statement cycle2 no charge, then $0.10 per item, more than 100 items deposited $0.05 per item.

See Business brochure for individual item costs. Analysis statement detailing your account activity & service fees available online.

Interest Bearing

no

optional3

optional3

Other Available Services
Online Banking

Yes

Yes

Yes

Cash Management

Yes

Yes

Yes

Bill Pay

Yes

Yes

Yes

Visa®Business Debit Card 

Yes

Yes

Yes

Visa® Debit Card

Free card with account.

Free card with account.

Free card with account.

 

¹Earnings credit allowance is calculated by applying earnings  to your average available balance. If your fees exceed your earnings credit allowance, your account will be assessed a service charge. 

²Any combination of paid debit items, including paper and electronic.

ᵌSee current rate sheet for rates.  Interest is compounded monthly and interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

4$4.00 dormant account fee per month after 13 months of no activity.

Current Rates

Business Regular

Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $999.99

0.05%

0.05%

$100.00

$1,000 to $1,999.99

0.10%

0.10%

$100.00

$2,000.00 & over

0.15%

0.15%

$100.00

 

*APY = Annual Percentage Yield

**Rates may change after the account is opened. Fees may reduce earnings.