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Business Checking

December 11, 2018


Learn more about the other checking options available!

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


  • 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


  • $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.

¹Subject to credit approval.