Business Checking Accounts
When you own a business, you tend to wear many hats and juggle a lot. Set up shop with an account that drives success and allows you to keep your eye on the prize - your business!
Take Your Pick
Most businesses need a checking account—but every businesses' needs are different. You deserve a checking account that fits your business and banking needs.
Simply Free Business Checking
Perfect for most businesses.
- 1,000 FREE monthly transaction items1
- No minimum balance
- No monthly service charge2
Business Interest Checking
An account for businesses that want to earn interest.
- 1,000 FREE monthly transaction items1
- Competitive interest
- Only $5,000 minimum balance to avoid a low monthly fee of $6.952
Commercial Checking
For businesses with more complex banking needs.
- Earnings credit allowance on deposit balances may offset activity fees
- Only $15 monthly service charge2
- Transaction items are just 15¢ each1
Every new business checking account includes:
FREE business debit card
FREE online banking
FREE bill pay
FREE mobile banking with mobile deposit
FREE eStatements
FREE thank you gift
FREE gifts for referring others
$10 buy back of your debit card and unused checks from another financial institution
1Transaction items include: deposits, checks, deposited checks, other debits, credits, ACH, and other automatic transactions. If the Simply Free Business Checking or Business Interest Checking exceeds 1,000 free monthly transactions, the account may be converted to another checking type.
2Other charges such as non-sufficient funds, overdraft, continuous overdraft charges, etc. may apply. See our service charge schedule for details. Minimum opening deposit is only $50. Other restrictions may apply.
3Buy back of $10 for debit cards and unused checks from another financial institution will be credited to the account at the time the checks/debit cards are presented. Buy back and free gift may be reported on a 1099-INT or 1099-MISC. Free gift provided at the time of account opening.
Compare Your Business Checking Options
*Effective as of 2/18/2025
| Simply Free Business Checking | Business Interest Checking | Commercial Checking | |
|---|---|---|---|
| The Right Tool For | Perfect for most businesses | Businesses that want to earn interest | Businesses with more complex banking needs |
| Minimum Balance | $0 | $5,000 | $0 |
| Earns Interest | |||
| eServices | |||
| Activity Charges(1) | 1000 items free | 1000 items free | $0.15 per item |
| Earnings Credit(2) | |||
| Account Details | Learn More About Simply Free Business Checking | Learn More About Business Interest Checking | Learn More About Commercial Checking |
1. Transaction items include: deposits, checks, deposited checks, other debits, credits, ACH, and other automatic transactions.
2. Commercial Account Analysis (CAA) is a program designed to recognize the value of account balances by awarding “earnings credits”, which may be used to offset account charges. Monthly account charges will be deducted from any earnings credits accrued. If charges exceed earnings credits, the difference will be deducted from your account each month. If your business has multiple accounts, you may choose to consolidate the accounts’ charges and earnings credits to potentially minimize out of pocket costs.
2. Commercial Account Analysis (CAA) is a program designed to recognize the value of account balances by awarding “earnings credits”, which may be used to offset account charges. Monthly account charges will be deducted from any earnings credits accrued. If charges exceed earnings credits, the difference will be deducted from your account each month. If your business has multiple accounts, you may choose to consolidate the accounts’ charges and earnings credits to potentially minimize out of pocket costs.
Commercial Account Analysis
Designed to recognize the value of your account by awarding earnings credits which can be used to offset fees. Each month, SNBT analyzes your accounts by comparing the costs of the services you've used with the balances you've maintained. The costs will be deducted from your earnings credit. You may combine multiple accounts to aggregate fees and earnings credits.
Business Account Checklist
Be prepared for a smooth account opening process with this list of items.
- SSN or EIN of Owner
- Required Business Information
- Business address
- Business mailing address if different than business address
- Email address
- Phone number
- TIN of LLC—Notice of EIN from the IRS
- Articles of Organization
- Operating Agreement
- Required Business Information
- Business address
- Business mailing address if different than business address
- Email address
- Phone number
The following information is needed for Beneficial Owners. Beneficial Owners are individuals who directly or indirectly own 25% or more of the legal entity and/or the individual who has significant responsibility for managing the legal entity:
- Name
- Physical address
- Date of birth
- Social Security number
- Valid government-issued ID
- Phone number
- Percentage of ownership
- Title/position
- TIN of Partnership—Notice of EIN from the IRS
- Partnership Agreement
- Certificate of Partnership
- Required Business Information
- Business address
- Business mailing address if different than business address
- Email address
- Phone number
- Name
- Physical address
- Date of birth
- Social Security number
- Valid government-issued ID
- Phone number
- Percentage of ownership
- Title/position
- TIN of Organization—Notice of EIN from the IRS
- If incorporated, follow corporation guidelines
- If tax-exempt, IRS documentation or tax return
- If not tax-exempt, authorization letter
- Meeting minutes showing signers and titles
- Required Business Information
- Business address
- Business mailing address if different than business address
- Email address
- Phone number
- Name
- Physical address
- Date of birth
- Social Security number
- Valid government-issued ID
- Phone number
- Percentage of ownership
- Title/position
- TIN of Corporation—Notice of EIN from the IRS
- Articles of Incorporation
- Required Business Information
- Business address
- Business mailing address if different than business address
- Email address
- Phone number
- Name
- Physical address
- Date of birth
- Social Security number
- Valid government-issued ID
- Phone number
- Percentage of ownership
- Title/position