Basic Business Checking

10.jpg

Learn more about the options available!

Learn More


The Bank of Elk River's Free Basic Business Checking account is designed for businesses that generally carry lower balances and have lower transaction volumes.

Benefits:

  • Free online banking
  • Free monthly eStatements with check images
  • Free eMobile banking via browser or app (Apple® or Android™)
  • Free telephone banking using The Bank of Elk River’s InfoLine service
  • No fees on the first 100 debits and deposited items per month
  • No minimum balance requirement
  • Simplified Employee Pension (SEP) plans
  • Additional services that have nominal fees, but can save you and your business valuable time and money:
    • Online Bill Pay
    • Credit card processing services available
    • Business Ready Reserve (overdraft protection)1
    • Wire Transfers

Requirements:

  • $25 minimum opening balance
  • eStatement or $5.00 paper statement fee
  • For every debit item over 100, a $0.30 fee will be charged.
  • For every non-Bank of Elk River item deposited over 100, a $0.30 fee will be charged. This is also known as a transit fee.

1 Subject to credit approval.