Bank of Old Monroe business accounts provide you with all the perks but without all the per deposit & per transaction fees.
Business Checking Accounts
Our simple, yet flexible business checking account allows you to customize your banking to integrate cash management and other services to meet your business's specific needs.
A business checking account can be opened with just $100. By maintaining a balance of $300 or greater, you will not receive a service charge. If at anytime during the statement period your balance falls below $300, a tiered, one-time service charge will be assessed.
$300 or above - No service charge
$300-$200 - $3 service charge
$200-$100 - $4 service charge
$100 or below - $5 service charge
Business Money Market Accounts
Is your business seeking an interest bearing account with few transactions? Our money market account goes one step further by providing interest rate tiers which reward increased savings. A minimum of $1,500 is required to open. Preauthorized transactions or withdrawals are limited to 6 per statement period. Additional debit transactions over 6 will be charged $10 per item. If at any time during the statement cycle the balance falls below $1,000, a service charge of $8 will be assessed for that statement period.
All accounts include Online Banking, Bill Pay, and Dial-A-Bank.
Make saving easy for your business with a Bank of Old Monroe savings account. Enjoy unlimited deposits and up to 4 free withdrawals per statement cycle at no charge. A minimum of $100 is required to open the account. An excess withdrawal fee of $2 will be assessed for each debit transaction in excess of 4 per month. Preauthorized transactions or withdrawals are limited to 6 per statement cycle.
CERTIFICATE OF DEPOSIT
A CD is the perfect account to allow long term savings for your business while earning a higher rate of interest. The Bank of Old Monroe offers CD terms ranging from 91 days to 60 months. The minimum balance to open a CD is $1,000.00.
Contact a personal banker today to discuss CD options for your business.