Business Checking

Checking Gets Down To Business

You’ve worked hard. Let your business checking account work smart. Merchants Bank offers business checking accounts for proprietorships, partnerships and corporations that put your cash flow to work losing fees or gaining interest. Whether you work from home or from headquarters Merchants has business checking that responds to your needs and builds on your success.

A Business Account That Keeps Your Profits In Check

Because the charge for our Business Checking Account is determined by a profitability analysis each month you keep more in the profit column. This analysis gives you earnings credit on your average positive usable balance (which is your monthly ledger balance minus uncollected funds and checking account reserve requirements). A service charge applies only when the fees for activity exceed the earnings on the balances maintained.

The statement cycle is from the first through the last day of the month with your account charged an $8 monthly minimum maintenance charge, plus the following charges:

  • $.13 per check paid
  • $.20 per deposit
  • $.06 per item deposited

Accounts using uncollected funds to clear checks/debits are charged negative collected balance-interest at a rate prime + 2%.

Additional services such as incoming and outgoing wire transfers, return items and balance inquiries can be included in the analysis so there is no direct charge for these services. Also, if you maintain offsetting balances, no service charge will be assessed.

Business Now Checking Account:  Build On Your Success

Only available for sole proprietorships with a minimum opening deposit of $1,000 lets you earn interest on your average daily collected balance. Our Business Now Checking Account is analyzed like our Business Checking Account so if you maintain a minimum daily balance of $1,000, there is no monthly service charge. Should your balance drop below this level, a $8.00 monthly maintenance charge is assessed.

Small Business Checking Account:  Put Out The Open Sign

Our Small Business Checking Account is perfect for business customers with low account activity. This user-friendly non-interest-bearing business account is available with a minimum opening of $100.

Simply maintain a minimum daily balance of $500, or an average monthly balance of $1,500 to avoid service charges. If you do not maintain either of these balance requirements; you will receive a flat monthly maintenance charge of $15.00. Additionally, you are never charged for any combination of less than 500 processed items per month, including deposit items or cleared checks. If 500 or more items are processed during the month, there is a $.25 per item charge.


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