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Business Checking

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Photo of business owner and his employeesThe Right Foundation for Your Business

You put in the effort to make your business a success. You deserve to keep as much of your hard-earned income as possible. Our checking accounts are specifically designed for different types of businesses to ensure you make the most of every penny. Opening a business checking is as easy as stopping by any Peoples Bank office and talking to one of our staff members.

 

Checking Accounts Available

           Basic Business CheckingBusiness Checking*
          The ideal account for you if...…your business has a low to moderate number of transactions each month.…your business has a high number of transactions each month.
          Minimum daily balance fees
          • $5,000 and above: No fee
          • $2,000 to $4,999: $5/month
          • $1,999 and below: $8/month
          • $2,500 and above: No fee
          • $2,499 and below: $8/month
          Debits
          • 0 to 50: No fee
          • 51 plus: $.20 each

           

          • $.20 each

           

          Fees and guidelines

          Deposited items

          • 0 to 100: No fee
          • 101+: $.10 each

          Credits

          • $0.00 for on-us items
          • $0.07 for not on-us items

           

          StatementsFree paper or E-statementFree paper or E-statement

           

          Other Account Options

          Small Business Checking

          A simple, low-cost checking account that is ideal for small businesses, such as Sole Proprietors.

          • No minimum balance requirements
          • Maximum 100 total items per month (debits, credits and deposited items)
          • 100+ items per month: $0.25 each
          • Free E-Statements; $3 for paper statements

           

          Business Cash Management

          This limited activity money market account provides a cost-effective, interest-bearing alternative for excess cash.

          • $2,500 minimum balance required to avoid $8 monthly fee
          • Maximum of 6 debits per month; $10 fee for each over maximum
          • Tiered interest rates; higher balances earn higher interest rates
          • Interest compounded daily; paid monthly
          • Free paper or E-Statements

           

          Community Club Account

          This account is designed for non-profit organizations like churches, clubs and social services.

          • No monthly fee
          • No minimum balance requirement
          • Unlimited transactions
          • Free paper or E-Statements

          * Fees may be offset by an earnings credit, which is based on the average 91-day treasury bill rate. This rate will be applied to your average collected balance, less a 10% reserve requirement.

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