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Business Checking

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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 Business Checking Account is designed for more active businesses and includes an increased debit volume limit.

Benefits

  • Free Digital Banking
  • Free Online Bill Pay
  • Free Mobile Deposit Banking via browser or app (Apple® or Android™)
  • Free monthly paper statements with check images. You can also upgrade to free eStatements reducing your paper trail thereby decreasing the risk of identity theft, fraud and postal delays.
  • Free telephone banking using The Bank of Elk River’s InfoLine service
  • No fees on the first 200 debits per month
  • No fees on the first 100 items deposited per month
  • 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.
  • $1000 minimum balance.
  • $8 monthly balance fee if balance requirement is not met.
  • For every debit item over 200, a $0.25 fee will be charged.
  • For every non-Bank of Elk River item deposited over 100, a $0.25 fee will be charged. This is also known as a transit fee.

¹Subject to credit approval.