Business Checking

We offer the following business checking accounts. Choose yours and get the application process started today.

Business Plus

• Ideal for small businesses with low transaction volumes
• No monthly service charge
• No minimum balance requirements
• 100 free transactions per month; $0.25 per transaction thereafter
• Free digital banking services, including:
  • Free online banking
  • Free mobile banking*
  • Free eStatements
• Use Autobooks to streamline customer billing
• Manage all things payments with Merchant Services
• No minimum deposit required

Business Prestige

• Ideal for businesses with mid-size transaction volumes
• Avoid the $5 monthly service charge by maintaining a $2,500 average daily balance
• 200 free transactions per month; $0.20 per transaction thereafter
• Free digital banking services, including:
  • Free online banking
  • Free mobile banking*
  • Free eStatements
• Use Autobooks to streamline customer billing
• Manage all things payments with Merchant Services
• No minimum deposit required

Business Platinum

• Ideal for businesses with high balances and robust transaction needs
• Avoid the $10 monthly service charge by maintaining a $25,000 average daily balance
• 500 free transactions per month; $0.20 per transaction thereafter
• Free digital banking services, including:
  • Free online banking
  • Free mobile banking*
  • Free eStatements
• Use Autobooks to streamline customer billing
• Manage all things payments with Merchant Services
• No minimum deposit required

*Data and other wireless carrier charges may apply.

On January 1, 2024, new businesses must actively submit their Beneficial Ownership Information (BOI) electronically to FinCEN via a database named BOSS (Beneficial Ownership Secure System). The reporting process entails providing essential details such as names, dates of birth, addresses, and other identifying information for individuals holding a significant stake in the company.

For existing businesses registered before January 1, 2024, the deadline for completing their BOI reporting is January 1, 2025.

Understanding the New Beneficial Ownership Information

Who is a beneficial owner? 

A beneficial owner is any individual who exercises substantial control over a company, or who owns or controls at least 25% of a company. 

Does my company have to report its beneficial owners?

While certain types of entities are exempt, small corporations or LLCs will likely need to actively report their beneficial ownership information to FinCEN. A key factor in determining whether your company will have to report is whether you had to file a document with your state’s Secretary of State, or similar office, to create your company.

What specific information must be reported?

To actively comply, a reporting company must provide: (1) its legal name and any trade name or DBA; (2) its address; (3) the jurisdiction in which it formed or registered, depending on whether it’s a U.S. or foreign company; and (4) its Taxpayer Identification Number (TIN).

For each of your company’s beneficial owners and each company applicant (if required), your company will need to provide the individual’s: (1) legal name; (2) birthdate; (3) address (in most cases, a home address); and (4) an identifying number from a driver’s license, passport, or other approved document for each individual, as well as an image of the document that the number is from.

What resources are available to learn more?

FinCEN has created many resources to help businesses understand and comply with the new rule.

• FinCEN Small Entity Compliance Guide
• FinCEN Beneficial Ownership Page
• FinCEN BOI FAQs
• FinCEN Beneficial Ownership Reporting – Key Questions
• FinCEN’s Final Rule and Rule Fact Sheet
• FinCEN’s Contact Page for Questions

Who should I contact for questions? 

If you have specific questions about FinCEN’s BOI reporting rule, you can contact FinCEN directly through:

• FinCEN’s Online Contact Form
• Email to [email protected]
• Leaving a message on FinCEN’s Regulatory Helpline at 1-800-767-2825.