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Commercial Checking with Interest

December 11, 2018

Business Commercial Checking Interest Banner

Learn more about the other checking options available!

The Bank of Elk River’s Commercial Checking Account with Interest is designed for large, active businesses where interest is earned. Account interest is compounded and paid monthly.


  • Earns interest that is compounded and paid monthly.¹
  • 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 minimum balance requirements
  • 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)²
    • Wire Transfers


  • $25 minimum opening balance
  • $10.00 monthly basic fee
  • $0.12 charge per debit item
  • No charge for checks drawn on us
  • $0.08 charge per check deposited that is not drawn on us

¹Interest rate and APY may change at any time.

²Subject to credit approval.