Deposit Accounts

Checking

Business Checking Accounts

Checking Accounts for Businesses of All Types and Sizes

Our business checking accounts offer several choices for a small business, large corporation, non-profit or community organization. The Frandsen Bank & Trust business banking team will ensure your checking account is the right fit for your business.

 

Business Checking

Receive earnings credit to offset your monthly service charge.

  • Calculated on average positive available
    balance less 10% reserve
  • Variable rate based on current market

Business Interest Checking

Earn interest on your account balance.

  • Variable interest rate
  • Credited to account monthly

Features of Business Checking and Business Interest Checking

  • Service charge:
    • Monthly maintenance fee—$10
    • Check paid—$0.15 per item
    • Electronic debit or credit—$0.10 per item
    • Check deposited —$0.10 per item
  • Monthly account statement option:
    • eStatement—FREE
    • Paper Statement Fee—$5
  • Charges incurred for negative balances:
    • Calculated on average negative available
      balance
    • Based on Prime + 4.75%
  • Access to MoneyPass® surcharge-free ATM
    network1
  • Free CardValet® mobile app to help protect
    your debit card

Small Business Checking

Ideal for small businesses with limited transaction activity.

  • 200 FREE combined transactions per
    statement cycle2
  • $0.50 per excess transaction2
  • Monthly account statement option:
    • eStatement—FREE
    • Paper Statement Fee—$5
  • Access to MoneyPass surcharge-free ATM network1
  • Free CardValet mobile app to help protect your debit card

Community Group Checking

Intended for small clubs or volunteer groups.

  • 100 FREE combined transactions per
    statement cycle2
  • $0.15 per excess transaction2
  • Free statements
  • Access to MoneyPass surcharge-free ATM network1
  • Free CardValet mobile app to help protect your debit card

Business Money Market Account

Reserve excess funds in an interest-bearing account.

  • Pays tiered interest
  • $10 monthly maintenance fee waived with $5,000 average monthly ledger balance
  • $3 excessive withdrawal fee per transaction when six Regulation D withdrawals are exceeded per calendar month3

1A $2 withdrawal fee will be assessed on all non-MoneyPass ATM withdrawals. In addition,
non-MoneyPass ATM operators may assess a surcharge fee.
2 A transaction includes deposits, deposited items, checks paid, ACH debits and credits, debit
card purchases, and ATM debits.
3 Federal Regulation D limits certain types of withdrawals and transfers made to a combined
total of six per calendar month. This includes checks or drafts to third parties, debit card
purchases, preauthorized withdrawals and automatic transfers, and transfers made by
telephone, online or mobile banking, Bill Pay, and wire transfer.