Business Checking Accounts

For more than 40 years, our company has provided businesses across the Carolinas with helpful, cost-effective financial solutions. We take pride in building close partnerships, delivering outstanding service and contributing to the success of each client. Whether a sole proprietor, non-profit or large corporation, we have the products, services and expertise to help you manage your finances more efficiently. The minimum to open any business account is $100. For a listing of commercial fees, please ask a bank representative.

Product Comparison Chart

For your convenience, we have provided a side-by-side comparison chart
of our various business checking accounts.

View Chart

Commercial Checking

For larger businesses with more complex banking needs, we offer an “analyzed” commercial checking account that enables you to offset fees with earnings credit based on your balances.

Fees include:

  • Monthly fee:  $17
  • Per credit:
         Paper $0.55
         Electronic $0.50
  • Per debit:
         Paper $0.22
         Electronic $0.20
  • Per item deposited:
         Drawn on us $0.11
         Others $0.13

Business Interest Checking

Business Interest Checking is an analyzed, tiered-interest checking account that rewards higher balances with higher interest rates. It is exclusively designed for sole proprietors, qualified non-profit organizations, estates, public funds and IOLTA accounts. Through analysis, customers receive an earnings credit allowance that helps eliminate or reduce fees. Please note that accrued interest is subtracted from your earnings credit with the remaining balance applied as an offset to service charges.

Fees include:

  • Monthly fee:  $17
  • Per credit:
         Paper $0.55
         Electronic $0.50
  • Per debit:
         Paper $0.22
         Electronic $0.20
  • Per item deposited:
         Drawn on us $0.11
         Others $0.13

Business Advantage

Designed for small businesses with moderate activity, this checking account includes:

  • Up to 500 total debits, credits and items deposited per statement at no charge; more than 500, $0.40 each 
  • Free Business MasterCard Check Card
  • Free Online Banking & Bill Pay, including our Cash Management module
  • Up to 10 free night deposit drops per statement
  • Free ATM usage at 60,000 locations nationwide
  • Prestige Banking for principal owner(s)*

To avoid a $27 monthly fee, you must maintain a minimum daily balance of $10,000 in your Business
Advantage account.
 
*Up to two principal owners may apply the balances in their Business Advantage account to meet the Prestige Banking minimum qualifier of $10,000 in total deposits. If the combined balances fall below the $10,000 daily minimum, the monthly fee for Prestige Banking is $27.

Signature Business Checking

For small businesses or non-profit organizations with limited activity, we offer a low-cost business checking account to help keep expenses to a minimum. This account allows up to 275 free items (debits, credits, and items deposited) per statement.

  • No minimum balance requirements
  • Up to 275 total debits, credits and items deposited per statement at no charge; more than 275, $0.55 each 
  • Free Business MasterCard Check Card
  • Free Online Banking & Bill Pay (Cash Management module available for a monthly fee of $27)
  • Up to 5 free night deposit drops per statement
  • Free ATM usage at 60,000 locations nationwide

Non-Profit Interest Checking

For qualified non-profit organizations with modest activity who want to earn interest, we offer an interest-bearing version of our Signature Business Checking. It accrues interest at the same rate as our Business Interest Checking account and requires a minimum daily balance of $5,000 to avoid a $27 monthly fee.

 

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