Business Checking

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The Bank of Elk River’s Business Checking Account is designed for more active businesses and includes an increased debit volume limit.

Benefits:

  • Free online banking
  • Free eMobile banking via browser or app (Apple® or Android™)
  • Free monthly paper statements with check images. You can also upgrade to free eStatements reducing your paper trail thereby decreasing the risk of identity theft, fraud and postal delays.
  • Free telephone banking using The Bank of Elk River’s InfoLine service
  • No fees on the first 200 debits per month
  • No fees on the first 100 items deposited per month
  • 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
    • Mobile Deposit
    • Credit card processing services available
    • Business Ready Reserve (overdraft protection) 1
    • Wire Transfers

Requirements:

  • $25 minimum opening balance.
  • $1000 minimum balance.
  • $8 monthly basic fee if balance requirement is not met.
  • For every item debited over 200, a $0.25 fee will be charged.
  • For every non-Bank of Elk River item deposited over 100, a $0.25 fee will be charged. This is also known as a transit fee.

1 Subject to credit approval.