Business Checking Accounts
We understand that not all businesses are the same, and that’s why we have a variety of business bank accounts. We accommodate small businesses that need an account to deposit a few checks as well as businesses with high volume. Compare our business bank accounts below to see what account fits your business.
EZ Small Business Checking
Are you a small business looking for a business checking account with a low minimum balance? Bristol Morgan Bank’s EZ Small Business Checking is perfect for small businesses that want a simple and affordable checking account. Why not spend your hard earned dollars on inventory instead of bank fees?
| Open with | $250 |
|---|---|
| Minimum balance | $250 1 |
| Transaction details | 150 FREE credits/debits per month 2 |
- There is a monthly service charge of $10 if account falls below the minimum any day of the cycle.
- $.25 for each debit and credit in excess of 150. Assessed on credit and debit items during a month, including deposited items.
EZ Business Checking
If you are a business depositing a lot of checks, fees for each item can add up fast. Bristol Morgan Bank’s EZ Business Checking is an analysis account designed to help ease or eliminate fees. Call one of our officers to see if our EZ Business Checking can save you money. Have your current bank statement ready so a business lender can create a side by side comparison.
| Open with | $500 |
|---|---|
| Monthly analysis charge | $10 |
| Minimum balance | $100 1 |
| Transaction details | $.15 per debit/credit but, earnings credit can reduce or eliminate fees! 2 |
- No earnings credit will be earned if the average daily balance for the period is less than $100.
- Earnings credit will be calculated by applying the periodic earnings credit rate to the average daily investable balance in the account for the period. The investable balance is the average daily balance reduced by 10%. Excess earnings credit does not carry forward.
EZ Business NOW
Our EZ Business NOW account allows you to manage your businesses finances while earning interest. This account is great if you keep a slightly larger balance in your business checking. This is a tiered account so the higher your balance the more interest you will earn. The best part is that all transactions are free!
| Open with | $500 |
|---|---|
| Earns interest | Yes 1,2 -Credited monthly |
| Minimum balance | $500 3 |
| Rate information | Rates fluctuate with the market so your interest rates are subject to change but we always make sure we are offering highly competitive interest rates. |
| How we calculate interest | Daily balance computation method-applies a daily periodic rate to the principal in the account each day. |
- If the account is closed before interest is credited, the accrued interest is not paid.
- $500 is the minimum balance to obtain APY
- There is a monthly service charge of $10 if account falls below the minimum any day of the cycle.