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

Reserve excess funds in an interest-bearing account

  • Pays tiered interest
  • $10 monthly maintenance fee waived with $5,000 average monthly ledger balance
  • $3 Withdrawal Limit Fee will be charged for each withdrawal, transfer, and payment that exceeds 6 per monthly statement cycle3

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 During your monthly statement cycle you may make six withdrawals, transfers, and payments by any means. A withdrawal, transfer, or payment is counted the date it posts to your account, which may be different from the date you make, authorize, transfer, or write the transaction.