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.
Business 100
The account built for businesses that have only just begun the journey to success.
- Receive 100 items at no charge per statement cycle
- Smooth account opening process
- For businesses with low activity
Business 300
Climb the success ladder with an account that grows with you.
- Receive 300 transactions at no charge per statement cycle
- Our most popular account
- For businesses with moderate activity
Business Checking
Busy as a bee? This account has what it takes to keep up and set you ahead!
- Low minimum balance
- Receive Earnings Credits based on the account balance
- For businesses with high activity
Business Checking with Interest
Earn interest on your account balance while you go about business as usual.
- Low minimum balance - $0.01 to be exact
- Earns interest
- For businesses with low account activity and high balances
Community Checking
If your business is built on the foundation of helping others, look no further.
- No minimum balance requirements
- No fees
- For 501(c)(3) Non-Profits
*Effective as of 12/21/2024
| Business 100 | Business 300 | Business Checking | Business Checking with Interest | Community Checking | Money Market | Savings | |
|---|---|---|---|---|---|---|---|
| The Right Tool For | Low Activity | Moderate Activity | High Activity | Low Activity & High Balance | 501(c)(3) Non-Profits | Future Growth | Cash Reserves |
| Minimum Balance | $250 | $2,500 | $0.01 | $0.01 | $0 | $10,000 | $250 ($25 if under age 18) |
| Earns Interest | Earnings Credits(2) based on balance | ||||||
| Included | 100 items at no charge | 300 items at no charge | Unlimited items at no charge | ||||
| eServices | |||||||
| Activity Charges | $0.25 per item(1) over 100 | $0.25 per item(1) over 300 | $0.15 per item(1) | $0.15 per item(1) | None | ||
| Service Changes | $10 if below minimum. $3 if paper statements | $10 if below minimum | $15 | $15 | None | $15 if below minimum | $6 if below minimum ($0 if under age 18) |
| Account Details | Learn More About Business 100 | Learn More About Business 300 | Learn More About Business Checking | Learn More About Business Checking | Learn More About Community Checking | Learn More About Business Progressive Money Market | Learn More About Business Savings Accounts |
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.
- Articles of Organization
- Notice from IRS of Federal Tax Identification Number
- Expected level of activities you will run through each account
Needed for anyone who owns 25% or more of the company and on one person who has significant control over the business:
- Photocopy of valid driver's license
- Name
- Address
- Date of birth
- Social security number
Needed for all account signers:
- Photocopy of valid driver's license
- Name
- Address
- Date of Birth
- Social security Number