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Business Checking Accounts

Accounts to Manage Your Business’s Money

Your business is different from any other. At First Option Bank, we don’t believe in providing cookie cutter solutions to our business customers. That’s why you can choose from several accounts. When you open an account, you'll receive a free Instant Issue Visa® Debit Card with no annual fee.

You can open a business checking account by visiting any First Option Bank location.

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Choose Your Checking Account

Account NameChoose this account if…Opening BalanceFeesAccount Benefits

Free Small Business Checking

You are a small business that will have a low transaction volume each month

$100

If you exceed 200 items during the monthly statement, you incur:

$0.12 per check fee

$0.07 per deposited item fee

200 free items per month, including checks and deposited items not on us

No minimum balance requirement after opening account

Business Checking

You are a sole-proprietorship or non-profit organization and want a checking account that earns interest

$500

$5.00 monthly service charge

$0.12 per check fee

$0.07 per transit item deposited

Interest calculated using Daily Collected Balance Method and credited monthly

No minimum balance requirement after opening account

Commercial Checking

You are a corporation, sole proprietorship or partnership requiring a higher transaction volume each month

$100

$5.00 monthly service charge

$0.12 per check fee

$0.07 per deposited item fee

Earnings credit for each $100 of collected balance

Interest calculated using Daily Collected Balance Method and credited monthly

No minimum balance requirement after opening account

Public Funds

You are a publicly-funded organization or agency

$100

$5.00 monthly service charge if $500 minimum balance is not maintained

$0.15 per item fee after first 25 checks

25 free checks per month (ACH transactions not included)

No monthly service charge when minimum balance of $500 is maintained

Business Money Market

You are a corporation, sole-proprietorship, non-profit corporation, non- profit organization or a publicly-funded agency and want an interest-bearing account

$500

Customer is subject to loss of interest if balance falls below $500

$1.50 fee for each withdrawal or transfer after first 6 transactions or checks to a third party

If account is closed before interested is credited, accrued interest is forfeited

6 free transactions or checks per month to a third party

Interest calculated using Daily Collected Balance Method and credited monthly

 

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Ready to experience the difference of working with First Option Bank? Complete our online switch kit to get all the paperwork taken care of so you can take the hassle out of switching your accounts.

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