Business Checking Options
First National Bank Minnesota offers a variety of account types to fit your business’ financial needs. Whether you’re a small business with minimal transactions, a mid-sized business or large business with high deposit volume, we have the products and services to put your needs FIRST! Plus, Business Online Banking services are free with every account!
| Product | FREE CHECKING | ECONOMY CHECKING | ANALYSIS CHECKING |
|---|
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Description
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For businesses with few transactions
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For mid-sized businesses
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For high-volume businesses
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|
Minimum Daily Balance
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$0 |
$0 |
$0 |
|
Earns Interest
|
None |
Yes – eligible businesses earn interest on collected balances of $1,000 or greater |
None |
|
Monthly Maintenance Fee
|
None
|
$15 monthly maintenance fee
|
$7.50 monthly maintenance fee
|
|
Transaction Limits & Fees
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100 items free
$.20 for each additional item
Returned deposited checks $4.00
|
200 items free
$.20 for each additional item
Returned deposited checks $4.00
|
$.15 per check
$.05 deposit items on-us
$.08 deposit items not-on-us
Returned deposited checks $4.00
|
|
Features & Options
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- Images provided
- Free Incoming ACH
- Free Online Business Banking
|
- Images provided
- Free Incoming ACH
- Free Online Business Banking
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- Images provided
- Free Incoming ACH
- Free Online Business Banking
- Earnings credit to offset service charges
|
Free Checking
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For businesses with few transactions, the Free Business Checking account is ideal! This account features no monthly fees and no minimum balance, but still allows you 100 FREE monthly transaction items.
- Minimum Balance: None
- Maintenance Fee: None
- Fees & Options:
- 100 items free; $.20 for each additional item
- Images provided
- Free incoming ACH items
- Returned deposited checks $4.00
|
Economy Checking
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To help business owners in the neighborhood with low to moderate transaction volume, we developed the Economy Checking account. It comes with 200 free items (debits, credits, deposited items) and low transaction fees if you exceed that number.
- Minimum Balance: None; eligible businesses earn interest on collected balances of $1,000 or greater
- Maintenance Fee: $15 monthly maintenance fee
- Fees & Options:
- 200 items free; $.20 for each additional item
- Images provided
- Free incoming ACH items
- Returned deposited checks $4.00
|
Analysis Checking
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The Analysis Checking account is perfect for businesses with higher transaction volume. With low transaction fees and an earnings credit that can defray or offset your monthly total charges, we designed it for the way business gets done.
- Minimum Balance: None
- Maintenance Fee: $7.50 monthly
- Fees & Options:
- Free incoming ACH items
- $.15 per check
- $.05 deposit items on-us
- $.08 deposit items not-on-us
- Uncollected Funds usage: Prime + 4%
- Earnings credit to offset service charges
- Returned deposited check $4.00
- Images provided
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