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Low to Medium Transaction Volumes
Simple Business Checking
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- 200 free monthly transactions; 50¢ per transaction thereafter
- No minimum balance requirements
Monthly Service Fee
NONE1
Free Online & Mobile Banking Access?
Yes2
Free Business Debit Card?
Yes
Minimum Opening Deposit
$100
Larger Transaction Volumes
Business Solutions Checking
Learn MoreFeatures
- Ideal for businesses with larger transaction volumes and balances
- Receive a detailed analysis statement regarding account activity
- Unlimited monthly transactions available at low per-item fees
- Earnings credit available
Monthly Service Fee
$101
Free Online & Mobile Banking Access?
Yes
Free Business Debit Card?
Yes
Minimum Opening Deposit
$100
Simple Business Checking:
1$5 sweep transfer fee; 10¢ per rolled coin, 50¢ per $1000 currency
250¢ per deposit
Business Solutions Checking:
1Earnings Allowance: The rate is the average of the 91-day Treasury Bill auction discount rate for the month. This rate is applied against the average investable balance. That balance is the average balance for the month, less average funds in float and less reserve required by law. Float refers to checks deposited that are not drawn on the Farmers Bank and for which the bank does not receive the use of the funds for one to three days.