Business Checking Comparison
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| Description | Low-cost account for small businesses and non-profits with limited activity. | Low-cost interest-earning account for any business with limited activity. | Competitively priced account for businesses with moderate activity. |
| Earns Interest | Yes | ||
| Minimum Balance | $5,000 daily or $8,000 monthly average | $5,000 average balance or $10,000 daily ledger balance in a related Business Savings or Money Market account. | |
| Maintenance Fees | $12 | $15 | |
| Transaction Limits1 | 175 per month and less than $5,000 cash deposited or 250 per month with merchant services relationship maintained | 175 per month and less than $5,000 cash deposited or 250 per month with merchant services relationship maintained | 425 per month and less than $10,000 cash deposited or 500 per month with merchant services relationship maintained |
| Charge for Transactions Past Limit |
$.40 per debit, credits, and items deposited | $.40 per debit, credits, and items deposited | $.40 per debit, credits, and items deposited |
| eStatement | Yes | Yes | Yes |
| Additional Features | • $75 off first order of standard checks2 and • Free 3×5 Safe Deposit Box (or discount on larger box),3 or • Free supply of 50 disposable night deposit bags |
Business Interest, Business Plus and Business Analysis customers are eligible for maintenance fee waived on myLife personal checking account!
Business Analysis: A cost-effective account for high-activity businesses. All account activity is analyzed according to the schedule of fees, and credits are applied to the total fees based on the balance in your account.
1 Transactions include debits, credits, and items deposited.
2 For eligible businesses only. $75 maximum value.
3 Subject to availability.