Whether you are running a large business, a small business, or a nonprofit, a checking account is the centerpiece of effective money management. We’ve done our best to keep your choices clear and simple depending upon the type of company you run.
There are five account options at 1st Security Bank, each based on the activity level and balance in the account.
|1st Security Bank Business Checking Accounts|
|1st Business Checking||Next Level Business Checking||Premier Business Checking||Platinum Business Checking||Nonprofit Checking|
|Perfect for:||Small/moderate number of transactions||Small/moderate number of transactions||Large number of transactions or cash management services||Large number of transactions or cash management services||Nonprofit organizations|
|Minimum to Open||$100||$100||$100||$1,500||$100|
Minimum Daily Balance or Transaction Requirements to Avoid Monthly Maintenance Service Charge
|$1,500||$15,000||N/A||$250,000 2||$2,500 or two completed external withdrawals|
|Monthly Fee||$10 waived if
daily balance requirement is met
|$20 waived if daily balance requirement is met||$7 1||$50 waived if daily balance requirement is met||$10 waived if daily balance or transaction requirement is met|
|Transaction Limit||250 items and up to 300 checks deposited for free||500 paper transactions per month||N/A||750 paper transactions per month||250 items and up to 300 checks deposited for free|
|Fee per transaction beyond limit||See Account Disclosure3||See Account Disclosure3||See Account Disclosure3||See Account Disclosure3||See Account Disclosure3|
|Cash deposited limit||N/A||N/A||N/A||N/A||N/A|
|Fee for cash deposit over limit||N/A||N/A||N/A||N/A||N/A|
|Online Banking & Mobile Banking||Free basic business online banking||Free basic business online banking||Free basic business online banking||Free basic business online banking||Free basic business online banking|
|Additional Benefits||- One Free outgoing wire per month||
- Three free outgoing domestic wires per statement cycle
- Free cash management
- Free Remote Deposit Single Feed Scanner with no monthly service charge
|- Eligible for Nonprofit Savings, which earns 1.00% APY for balances of $100,000 or more|
We also offer Pooled IOLTA Checking accounts. Please contact us for more information.
1 Transaction fees and other charges may apply, depending upon how you use the account. Please see our Terms and Conditions for more information.
2 Reflects total of all business deposit account relationships by primary Tax ID number.
3 To see more information about account requirements, restrictions or benefits for these products, please contact your local branch.
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