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Basic Business Checking

April 1, 2023


Learn more about the other checking options available!

The Bank of Elk River's Free Basic Business Checking account is designed for businesses that generally carry lower balances and have lower transaction volumes.


  • Free Digital Banking
  • Free Online Bill Pay
  • Free monthly eStatements with check images
  • Free Mobile Deposit Banking via browser or app (Apple® or Android™)
  • Free telephone banking using The Bank of Elk River’s InfoLine service
  • No fees on the first 100 debits and deposited items per month
  • No minimum balance requirement
  • Simplified Employee Pension (SEP) plans
  • Additional services that have nominal fees, but can save you and your business valuable time and money:


  • $25 minimum opening balance
  • eStatement or $5.00 paper statement fee
  • For every debit item over 100, a $0.30 fee will be charged.
  • For every non-Bank of Elk River item deposited over 100, a $0.30 fee will be charged. This is also known as a transit fee.

¹Subject to credit approval.