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Basic Business Checking

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Basic Business Checking

April 1, 2023

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Learn more about the other checking options available!

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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.

Benefits

  • 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:

Requirements

  • $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.