Account Comparison
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Product
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Business Savings
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Business Money Market
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Description
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$100 minimum balance
Great way to save money for your business needs.
Free Online and mobile banking
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$1,000 minimum balance to earn interest
Great way to save money for business needs while easily accessible.
Free online and mobile banking
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Minimum to Open
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$100
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$1,000
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Interest Bearing
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Yes
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Yes
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Minimum Balance to Earn Interest
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$200
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$1,000
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Monthly Maintenance Fee
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$0*
*Effective July 20, 2022, the business savings account will offer a $0 monthly maintenance fee. $0 fee for excess withdrawals.
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$0*
*Effective July 20, 2022, the business money market account will offer a $0 monthly maintenance fee. $0 fee for excess withdrawals.
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With these requirements, you can open a business account today.
- All businesses must provide an employer identification number (EIN) and physical & mailing address. Beneficial ownership of 25% or more will require each signer to provide a social security number, physical address, and date of birth.
Corporation
- Signed Resolution adopted by the Corporation's Board of Directors (add Bylaws before signed resolution of signed minutes designating authorized signers)
- Articles of Incorporation and Certificate of Good Standing from Secretary of State
Limited Liability Company (LLC)
- Articles of Organization and Certificate of Good Standing from Secretary of State
- Organization Resolution or Operating Agreement (signed)
- Trade Name Affidavit (if operating under a different name)
Sole Proprietorship
- Articles of Organization and Certificate of Good Standing from Secretary of State
- Trade Name Affidavit
Valid Trust, Pension, or Similar Trust
- Trust account summary
- Trust Agreement
- Trust Synopsis
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