Explore our range of business deposit accounts designed to support your business's growth and cash management (Internal Link: https://www.fmbankia.com/cash-management) needs. From checking accounts tailored for sole proprietors to robust treasury solutions, find the perfect fit for your business's day-to-day banking and savings requirements.
Business Bank Solutions
|
Sole Proprietor Checking |
Individually Owned Now Checking |
Treasury Money Market |
Business Checking with Analysis |
| Minimum Opening |
$100 |
$1,000 |
$2,500 |
$100 |
| Minimum Balance to avoid service charge |
$400 daily or
$1,000 average daily balance |
$1,000 average daily balance |
$1,000 average daily balance |
N/A |
| Monthly Service Charge |
$8.00* (if balance falls below $400.00) |
$10.00*
(If balance falls below minimum) |
$10.00*
(If balance falls below minimum) |
Varies-Fees assessed by Business Account Analysis |
| Interest Bearing |
No |
**Yes, on balances
> $1,000 |
**Yes, on balances
> $2,500 |
No |
| Unlimited Checking Writing |
Yes |
Yes |
No |
No |
| Per-Check Charges |
No |
No |
No |
Yes |
| Free E-Statement |
Yes |
Yes |
Yes |
Yes |
| Free Debit Card |
No |
No |
No |
No |
| Free Personalized Checks |
No |
No |
No |
No |
*Plus Iowa sales tax where applicable
** This is a Variable Rate Account with the annual percentage yield (A.P.Y.) subject to change at anytime at our discretion.
|
Regular Savings |
Treasury Money Market |
Certificates of Deposit |
| Maintenance Fees |
$5.00 (if average daily balance falls below $100.00) |
$10.00* (if average daily balance falls below $1,000) |
Penalty may apply for early withdrawal |
| Withdrawals |
Unlimited in person withdrawals |
N/A |
Penalty may apply for early withdrawal |
| Interest Details |
**Variable rate |
**Variable rate |
Rate on daily balance for the maturity term |
* Plus Iowa sales tax where applicable
** This is a Variable Rate Account with the annual percentage yield (A.P.Y.) subject to change at anytime at our discretion.
Enhancing Your Business's Financial Health
To ensure the longevity and stability of your business, it's crucial to focus on financial health. By choosing the right banking solutions, you can streamline operations, reduce costs, and improve cash flow, setting a strong
foundation for future growth.
Leveraging Technology for Efficient Banking
Embrace the convenience and efficiency of digital banking tools. From e-statements to online account management, leveraging technology can save time and money, allowing you to focus on what you do best—running your business.
Building Towards Future Success
Planning for the future is vital in today's fast-paced business environment. Start building your business's future today by exploring tailored banking solutions that meet your unique needs. Contact us (Internal Link: https://www.fmbankia.com/about/contact-us) today to get started.
