Deposit Accounts

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.

Business Checking/Business Interest Checking Ideal for businesses with greater account transaction activity. Also allows your balance to work for you by offsetting service charges or earning interest, plus gain access to a complete line of cash management solutions.
Paper statement fee - $5.00 Service Charge: Monthly maintenance fee - $10.00 Check paid - $0.15 Electronic debit or credit - $0.10 Check deposited - $0.10
Earn interest or receive earnings credit to offset service charges. Earnings credit:
Calculated on average positive balances, less 10% reserve Variable rate based on current market
Charges incurred for negative balances: Calculated on average negative available balance Based on Prime plus 4.75%
Small Business Checking Ideal for small businesses with limited transaction activity. Our convenient add-on packages provide the financial solutions you need to efficiently manage and grow your business. Four packages are available; find the one that best fits your business's needs.
200 free combined transactions per month Per excess transaction - $0.50 A transaction includes, deposits, deposited items, checks paid, ACH debits & credits, check card purchases, and ATM debits. Paper statement fee - $5.00 Frandsen Bank & Trust reserves the right to move high-activity customers to the Business Checking account
Package A - Online Account Management	No Monthly Charge
Business Online Banking Mobile Banking Mobile Deposit eStatements	Online Bill Payment* Account Alerts Internal Transfers Transaction Monitoring (including check images)
* - Online Bill Payment must be used once every 30 days or an Online Bill Pay billing fee of $6.95 will apply.
Package B - Cash Management	$25.00 per month
All services in Package A ACH Origination (additional fees may apply) Online Wire Origination Two Employee Tokens
Package C - Remote Deposit Capture	$40.00 per month
All services in Package A Includes small scanner lease and software ($60.00 per month for large scanner lease and software)
Package D - Cash Management and Remote Deposit Capture	$60.00 per month
All services in Package A All services in Package B All services in Package C ($80.00 per month for large scanner lease and software)
Community Groups Checking A low-cost banking solution for small non-profits and community organizations.
100 free combined transactions per month Per excess transaction - $0.15 A transaction includes, deposits, deposited items, checks paid, ACH debits & credits, check card purchases, and ATM debits.