Business Checking Account Comparison Chart

 

Business
Checking

Business
Community
Checking

Advantage
Business
Checking

Business
Analysis
Checking

IOLTA

Minimum to Open $100 $100 $100 $100 $100
Monthly Maintenance Fee $15 ($12 with eStatement) $0 $25 ($22 with eStatement) $20 ($17 with eStatement) $0
Balance to Avoid Monthly Maintenance Fee • $1,000 minimum  
  daily balance
• $1,500 average
  monthly balance
• $10,000 combined
  checking, money
  market and savings
  balances
N/A • $3,500 minimum
  daily balance
• $25,000 average
  daily balance in
  combined checking,
  savings, money
  market, CDs or
  outstanding loan
  balances
Based on Earnings Credit N/A
Item Fees Up to 200 debits, credits and/or deposited items
each month at
no charge;
$0.35 each
thereafter
Up to 500 debits, credits and/or deposited items
each month at
no charge;
$0.25 each
thereafter
Up to 600 debits, credits and/or deposited items
per statement
cycle at no charge; $0.35 each
thereafter
• $0.20 per paper
  debit; 

• $0.10 electronic


• $0.11 per item
  deposited
• $0.45 per paper
  credit;
• $0.20 electronic
N/A
Earns Interest Yes, if balance requirements are met No No No Yes
Statements $3 discount on monthly maintenance fee for eStatement   $3 discount on monthly maintenance fee for eStatement $3 discount on monthly maintenance fee for eStatement  
Debit Card Free Free Free Free No
Online Banking/
Bill Pay
Free Free Free Free Free
Cash Deposit Processing No Charge No Charge No Charge Up to $5,000
cash deposited
each month
at no charge; $0.14/$100
or any portion
of thereafter
N/A
Other 24-hour
telephone
banking
24-hour
telephone
banking

50% discount
on first order
of basic checks

$40 annual
discount on safe
deposit box rental

24-hour
telephone
banking
24-hour
telephone
banking
Restrictions None Non-profits only None None Attorneys' trust accounts only

 

 
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