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Commercial Checking with Interest

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Commercial Checking with Interest

April 1, 2023

Business Commercial Checking Interest Banner

Learn more about the other checking options available!

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The Bank of Elk River’s Commercial Checking Account with Interest is designed for large, active businesses where interest is earned. Account interest is compounded and paid monthly.

Benefits

  • Earns interest that is compounded and paid monthly.¹
  • 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 minimum balance requirements
  • 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
  • $10.00 monthly maintenance fee
  • $0.12 charge per debit item
  • No charge for checks drawn on us
  • For every non-Bank of Elk River item deposited, a $0.08 fee will be charged. This is also known as a transit fee.

¹Interest rate and APY may change at any time.

²Subject to credit approval.