Every new Business Checking account includes:
- FREE VISA® Debit Card
- FREE Basic Online Banking & Bill Pay
- FREE eStatements
Plus, we will buy back your unused business checks or debit card from a different financial institution with a $25 credit to your account.
Checking Account Comparison
| Account |
+ |
Minimum to Open |
Free Items Per Statement Cycle |
Free Cash/Coin Deposits, Withdrawals
and Change Orders Per Statement Cycle
|
| Totally Free Business Checking |
Free Checking Details |
$0 |
0 - 200 FREE items
No excess item fee
|
$10,000
No excess item fee
|
| Simply Business Checking |
Simply Business Details |
$0 |
0 - 500 FREE items
Excess item fee $0.50
per item over 500
|
$10,000
Excess cash fee of 0.12% for cash over $10,000
|
| Commercial Checking |
Commercial Details |
$0 |
See Account Details section
|
See Account Details section
|
Account Details
Totally Free Business Checking
- 200 FREE items per statement cycle
- No minimum balance
- No monthly service charge
- Up to $10,000 per statement cycle FREE in coin and currency deposits or withdrawals, including change orders
Simply Business Checking
- No minimum balance
- Up to 500 FREE items per statement cycle
- Up to $10,000 per statement cycle FREE in coin and currency deposits or withdrawals, including change orders
- Excess item and cash over limit fees apply
Commercial Checking
- Eligible for earnings credit from deposit balances which may offset monthly service charge
- Standard fees include: $10 Monthly maintenance fee, 0.012% deposit protection assessment fee (on monthly avg collected balance per acct up to $250,000) plus account activity fees; $0.10 per debit, $0.25 per credit, $0.10 deposited items, cash and loose coin $0.10 per $100, rolled coin $0.05 per roll
- Business Online Banking with customized Treasury Management Solutions available
- Other fees may apply as additional service are selected
Items include all debits, credits, and deposited items. If the account exceeds the free items per statement cycle, $10,000 in coin and currency deposits or withdrawals per statement cycle, including change orders, or requires additional regulatory oversight, the Totally Free Business account may be changed to Simply Business Checking and Simply Business Checking may be changed to Commercial Checking both of which include additional fees.
Unless specified otherwise, customer purchases checks. Other fees such as overdraft, continuous overdraft, etc. may apply. See fee schedule for details. $25 for checks and debit cards from another financial institution. Your account will be credited at the time checks/debit cards are presented. Free gift provided at the time of account opening. Ask us for details. Bank rules and regulations apply.
For additional Business Checking products, please meet with one of our Personal Bankers today!
To help in opening your new business accounts, we may request the following:
| Sole Proprietor/DBA |
Limited Liability Corp (LLC) |
Limited Partnership |
General Partnership |
Corporation |
Assocations Organization |
- SSN or TIN of Owner
- Assumed Name Certificate
|
- TIN of LLC
- Certificate of Formation
- Operating Agreement
- Certificate of Filing
- Assumed Name Certificate if applicable
|
- TIN or EIN
- Partnership Agreement
- Certificate of Partnership
- Certificate of Filing
- Assumed Name Certificate if applicable
|
- TIN or EIN
- Partnership Agreement
- Assumed Name Certificate
|
- TIN of Corporation
- Certificate of Formation
- Certificate of Filing
- Assumed Name Certificate filed if applicable
|
- TIN or EIN of Organization
- Meeting Minutes
|
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
Additional documents and/or state registration may also be required. Contact your Guaranty Bank & Trust Personal Banker and/or New Accounts Representative for further information.
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