Business Checking
Not every business is the same, just like not every business checking account offered by Mount Vernon Bank & Trust Company is the same. We’ve catered our accounts to give companies options with varying levels of transactions and financial goals. This assures you that no matter your business type or size, you’ll find just what you need.
Business Accounts
| Best Suited For... | Features | |
|---|---|---|
| Basic Business Checking | Best Suited For... Businesses that have a low number of transactions per month | Features $100 opening deposit required; $500 average collected balance; 50 free items per month, $0.20 per item over 50; no monthly fee with eStatements or if ACB is over $500 ($6 fee if no eStatements and ACB under $500) |
| Commercial Checking | Best Suited For... Businesses that have a higher number of transactions per month | Features $100 opening deposit; $2,000 average collected balance; 50 free deposited items per month ($0.06 therafter); 50 free withdrawal items per month ($0.20 thereafter); no monthly maintenance fee with eStatements or if ACB is above $2,000 ($6 fee if no eStatements and ACB under $2,000); earn credit to offset service and transactions fee; tiered interest paid on average monthly collected balances (earnings credit cannot exceed your total fees) |
| Commercial Super Now | Best Suited For... Sole proprietorships, nonprofit organizations or government entities | Features $1,000 opening deposit required; 50 free deposited items per month, $0.06 per item after 50; $0.25 per withdrawal; $6 monthly maintenance fee; interest compounded monthly |
| Commercial Money Market | Best Suited For... Companies that can have an interest-bearing account | Features $5,000 opening deposit required; $500 average collected balance; $6 monthly maintenance fee; six free transfers or withdrawals per month (no more than three by check to a third party*); interest compounded and credited monthly to account when balance exceeds $1,000 |
*Limit of six transfers or withdrawals per month by pre-authorized, automatic, online, telephone, check, draft, debit card or similar order to third parties.
To open a business checking account with Mount Vernon Bank & Trust Company or learn more about our various accounts, simply get in touch with us today!
