Great account for organizations that only deposit or write a few checks each month
No monthly maintenance fee when combined with other business account balances
eStatements are a requirement
Earns interest
A low monthly maintenance fee
More flexibility regarding the number of checks written and processed each month
Option of paper or eStatements
Checking Account Comparison | Business eChecking | Solid Interest Checking |
---|---|---|
Maintenance Fee | $10 if below $2,500 on combined deposits | $15 |
Fee (deposited and cleared) | 25 free then $.20 per item | 150 free then $.20 per item |
Mailed monthly statements | NONE | YES |
Interest Paid | NONE | YES |
$50,000 and up investment
Ties to your business checking
Higher investment = a higher interest rate
Make six withdrawals from your Money Market account per month
Dividends paid and compounded monthly with payroll deductions for deposits