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Business Checking

Free Business Checking

Interest Checking

Account Analysis

Description

The perfect solution for all businesses that have fewer than 1,000 transactions*/mo.

Balances in this account earn interest that is paid monthly. There are no limits to the number of checks written or deposits made. By law, this account is available only to sole proprietors and eligible non-profit organizations.

This account is designed for higher- volume business accounts.

Account activity (checks and deposits) is unlimited, and an earnings credit on balances will offset transaction fees.

Minimum Balance

None

None

None

Monthly Fee

None

$6.00 maintenance fee

$.18 charge for each check written

$.09 charge for each check not on us item deposited

$6.00 maintenance fee

$.18 charge for each check written

$.09 charge for each check not on us item deposited

Interest

None

Yes**

Earnings Credit***

Features

Up to 1,000 transactions*/mo.

$500 minimum deposit to open

5 Free Online Bill Payments/mo.

Free Online Banking

Check Card

Images of cancelled checks

Full range of business check styles available

Option of electronic statements

Unlimited deposits & withdrawals

Free Online Banking

5 Free Online Bill Payments/mo.

Check Card

Images of cancelled checks

Month-end statements

Full range of business check styles available

Option of electronic statements

Unlimited deposits & withdrawals

Free Online Banking

5 Free Online Bill Payments/mo.

Check Card

Images of cancelled checks

Month-end statements

Earnings credit to offset charges***

Full range of business check styles available

Option of electronic statements

*A transaction consists of individually deposited items and checks written.

**Interest is a variable rate and will change at the discretion of the Bank. Interest paid monthly.

***Earnings credit is a computed value on the average available balance using the previous month average 91 day T-bill rate less .25 percent.

Servicing Park Rapids, MN And The Surrounding Areas

Family owned and operated since 1919

Our team members greet you with a smile and the expertise you are looking for!

  • 218.732.7221
  • 1200 East First Street
    Park Rapids, MN 56470
    NMLS #416535

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