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Wednesday, April 23, 2014

Commercial Checking Accounts

DMB Community Bank offers several commercial checking account options to help you meet your banking needs. We know that managing your business can be complicated, so we offer accounts to help you simplify things. Make things even easier by enrolling for DMB’s Online Banking with Cash Management Services and Online Bill Pay and by applying for a DMB CheckCard  to have anytime access to your accounts!

 
Monthly Fee
N/A
N/A
N/A
$10
N/A
Balance to Avoid Service Charge/Per Debit Fee
N/A
N/A
$600
N/A
$1,000
Service Charge
N/A
N/A
$5
N/A
$7
Per Debit Fee
First 20 Free, $.50 Thereafter
N/A
$.25
$.15
$.25
Per Deposit/Credit Fee
N/A
N/A
N/
$.40
N/A
Per Item Fee
N/A
N/A
N/A
Local: $.06
Transit: $.10
On-us: $0
N/A
 

Basic Commercial Checking – Perfect for the small or new business owner who does not have a lot of monthly debits (debits include any withdrawal from your account – such as checks, checkcard purchases, ATM or teller cash withdrawals). There is no minimum balance requirement and your first 20 debits each month are free!

Community Checking – This account is designed especially for our customers who need a checking account for managing the finances of a non-profit organization, such as a bowling league or Relay for Life team. It’s ultimately a free checking account, with no minimum balance requirement and no monthly withdrawal or deposit limitations. Oftentimes these accounts are opened in the name of the non-profit organization or cause using a specially applied for employer identification number (EIN). To find out whether you need an EIN, Click here to go to the IRS EIN application page.
 
Commercial Checking – Our most popular business account. Simple and economical, this account serves the needs of the majority of our business customers. By maintaining a balance of $600, DMB will waive both the $5 monthly service charge and the $0.25 per debit fee.
 
Commercial NOW Checking* – Put your money to work for you! This account offers you all the conveniences of a checking account and pays you interest at the same time. You can open a NOW Checking account with just a $1,000 deposit. This account offers tiered interest, so the more you keep on deposit, the higher the interest rate. Click here to see our current rates. *Due to federal regulations, this account is only available to sole proprietorships and non-profit organizations. 
 
Analyzed Commercial Checking – Ideal for larger businesses with frequent and larger transaction volumes. This account has no minimum balance requirement, offers a competitive interest rate and has low monthly fees. If you’re currently using an account analysis checking account at another institution, please talk to one of our Financial Services Representatives to run a complimentary cost comparison report for you today!
 
For more information on our commercial checking products and services or to open an account, please Contact Us or call a Financial Services Representative at 608-846-3711.