Business Banking

You’ve worked hard to build your business. That’s why we’ve designed our business services with you in mind. Whatever your business, we have the banking, borrowing and investing options to help you succeed.

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BUSINESS BANKING

Business Checking

Whether you’re a small business with low checking activity, a large corporation with higher transaction volumes or somewhere in between, we offer business checking choices to meet your specific needs.

Find the right checking account for your business needs.

 Small Business CheckingClassic Business CheckingBusiness Analysis Checking
Minimum opening deposit$100$100$100
Free VISA® Check Card
Free Digital Banking
Free Bill Pay
Free E-Statements
Variable Rate Earnings Credit
Daily Balance Minimum$500$5,000
Service Charge$10, if $500 average daily balance is not maintained during statement cycle$15, if $5,000 average daily balance is not maintained during statement cycle$10 monthly
Transaction Fees.10¢ fee for each transaction in excess of 200
.12¢ fee for each transaction in excess of 500
.08¢ fee per item deposited; .15¢ fee per deposit; .15¢ fee per checks written and paid; .10¢ fee per ACH item
Maximum Transactions per Statement Cycle (transactions include: checks, deposits, deposit items, electronic transactions and other debits and credits)200500
  • $100 minimum opening deposit
  • Free VISA® Check Card
  • Free Digital Banking
  • Free Bill Pay
  • Free E-Statements
  • $500 average daily balance minimum
  • 200 maximum transactions per statement cycle (transactions include: checks, deposits, deposit items, electronic transactions and other debits and credits)
  • $10 monthly service charge if $500 average daily balance is not maintained during statement cycle
  • .10¢ fee for each transaction in excess of 200
  • $100 minimum opening deposit
  • Free VISA® Check Card
  • Free Digital Banking
  • Free Bill Pay
  • Free E-Statements
  • $5,000 average daily balance minimum
  • 500 maximum transactions per statement cycle (transactions include: checks, deposits, deposit items, electronic transactions and other debits and credits)
  • $15 monthly service charge if $5,000 average daily balance is not maintained during statement cycle
  • .12¢ fee for each transaction in excess of 500
  • $100 minimum opening deposit
  • Variable Rate Earnings Credit
  • Free VISA® Check Card
  • Free Digital Banking
  • Free Bill Pay
  • Free E-Statements
  • $10 monthly service charge
  • .08¢ fee per item deposited
  • .15¢ fee per deposit
  • .15¢ fee per checks written and paid
  • .10¢ fee per ACH item

What Documents Do I Need To Open An Account?

Our goal is to make opening a business account as easy as possible for you. To help expedite the process, here is a checklist to assist you in determining the items you will need. Please provide the following:

  • Personal I.D. and professional (business) license
  • Employment Identification Number (EIN)
  • Articles of Incorporation
  • Deposit Declaration of Authorized Signers
  • Depending on your type of business and specific request, additional documents may be needed as we process your request. For example, we may ask you to complete certain forms pertaining to ownership of your company.

Merchant Services

We partner with Merchant Pro Express for our Merchant Services. Find the right payment acceptance solutions for your business https://www.cardconnect.com/

Set Up Direct Deposit or Automatic Payments

To set up Direct Deposit or Automatic Payments, you will need your Routing Number – 071106344, and your Account Number – found in your digital banking app, or on the bottom of a personal check. Do not include any spaces or dashes when entering your account number.

Set Up Transfers

Distribute your cash flow into different accounts regularly without having to even think about it with our Automatic Transfers. You can set up one-time or recurring transfers in your digital banking app or you can visit one of our banking centers to set up an automatic transfer authorization for periodic, maintenance or insufficient funds transfers.

Your Money Is Safe

Your deposits are insured to at least $250,000 per depositor by the Federal Deposit Insurance Corporation (FDIC). Learn More: (link to FDIC – https://www.fdic.gov/resources/)

Electronic Deposit Insurance Estimator https://edie.fdic.gov/

Meet Our Retail Team

Open your business checking account with us today!

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BUSINESS BANKING

Business Savings

Whether you're saving for an important business enhancement or other company need, we have a business savings account to help you achieve your goals.

  • $100 minimum opening deposit
  • 6 free withdrawals per month – $1 fee per debit transaction (withdrawal, automatic transfer, or payment) in excess of 6 during a monthly cycle
  • $2 monthly service charge unless minimum balance of $100 is maintained during statement cycle
  • Variable interest rates
  • $2,500 minimum opening deposit
  • Free Digital Banking
  • Free Bill Pay
  • Free E-Statements
  • Transfers limited to 6 per statement cycle. Transfers include preauthorized, automatic, or telephone transfer, or by check, draft, or similar order to third parties
  • $10 monthly service charge unless minimum balance of $2,500 is maintained during statement cycle
  • Tiered interest rates

Certificate of Deposits are a low-risk savings solution with a fixed interest rate. Earn better rates for saving longer. Just pick the term that best fits your current financial situation, and lock it down. No matter what the market does, your returns keep coming in, with no surprises or fluctuations. All CDs require a minimum investment of $2,500 with maturity terms ranging from seven days to five years. A penalty may be imposed for early withdrawals.

What Documents Do I Need To Open An Account?

Our goal is to make opening a business account, as easy as possible for you. To help expedite the process, here is a checklist to assist you in determining the items you will need. Please provide the following:

  • Personal I.D. and professional (business) license, as applicable
  • Employment Identification Number (EIN), as applicable
  • Articles of Incorporation, as applicable
  • Deposit Declaration of Authorized Signers from Board of Directors
  • Depending on your type of business and specific request, additional documents may be needed as we process your request. For example, we may ask you to complete certain forms pertaining to ownership of your company.

Set Up Direct Deposit or Automatic Payments

To set up Direct Deposit or Automatic Payments, you will need your Routing Number – 071106344, and your Account Number – found in your digital banking app, or on the bottom of a personal check. Do not include any spaces or dashes when entering your account number.

Set Up Transfers

Distribute your cash flow into different accounts regularly without having to even think about it with our Automatic Transfers. You can set up one-time or recurring transfers in your digital banking app or you can visit one of our banking centers to set up an automatic transfer authorization for periodic, maintenance or insufficient funds transfers.

Your Money Is Safe

Your deposits are insured to at least $250,000 per depositor by the Federal Deposit Insurance Corporation (FDIC). Learn More: (link to FDIC – https://www.fdic.gov/resources/)

Electronic Deposit Insurance Estimator https://edie.fdic.gov/

Meet Our Retail Team

Open your business savings account with us today!

bill-pay-graphic-image-arcola-bank
PERSONAL CHECKING, SAVINGS AND MORE!

Personal Banking

We offer outstanding deposit and loan products.