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 |
BUSINESS FIRST CHECKING
| BUSINESS ESSENTIAL CHECKING | BUSINESS ADVANTAGE CHECKING |
|---|
|
Description
|
For low-volume businesses
|
For mid-volume businesses
|
For high-volume businesses
|
|
Minimum Opening Deposit
|
$100
|
$1,000
|
$100
|
|
Minimum Daily Balance
|
$0 |
$1,000 |
$0 |
|
Earns Interest
|
None |
None |
Earnings credit to offset monthly service charges |
|
Monthly Service Fee/ Maintenance Fee
|
$0
|
$10 monthly maintenance fee if balance falls below minimum balance requirement any day during the statement cycle
|
$10 monthly maintenance fee
|
|
Transaction Limits/
Activity Fees
|
- No fee for the first 100 combined items per month
- $.25 for each additional item
- Returned deposited checks $4.00
|
- No fee for the first 250 combined items per month
- $.25 for each additional item
- Returned deposited checks $4.00
|
- $.15 per check/debit item
- $.10 ACH debit item
- $.05 deposit items on-us
- $.10 deposit items not-on-us
- $.10 Coin (per roll)
- Returned deposited checks $4.00
|
|
Paper Statement Fee
|
$3.00
|
None
|
None
|
|
Features & Options
|
- Images provided
- Free Online Business Banking
|
- Images provided
- Free Online Business Banking
|
- Images provided
- Free Online Business Banking
|
Business First Checking
|
For low-volume businesses, the Business First Checking account is ideal! This account features no monthly fees and no minimum balance, but still allows you 100 FREE monthly transaction items.
- Minimum Opening Deposit: $100
- Minimum Daily Balance: $0
- Monthly Service Fee / Maintenance Fee: $0
- Earns Interest: None
- Transaction Limits / Activity Fees:
- No fee for the first 100 combined items per month
- $.25 for each additional item
- Returned deposited checks $4.00
- Paper Statement Fee: $3.00
- Features & Options:
- Images provided
- Free Online Business Banking
|
Business Essential Checking
|
To help mid-volume business owners, we developed the Business Essential Checking account. It comes with 250 combined free items per month and low transaction fees if you exceed that number.
- Minimum Opening Deposit: $1,000
- Minimum Daily Balance: $1,000
- Monthly Service Fee / Maintenance Fee: $10 monthly maintenance fee if balance falls below minimum balance requirement any day during the statement cycle
- Earns Interest: None
- Transaction Limits / Activity Fees:
- No fee for the first 250 combined items per month
- $.25 for each additional item
- Returned deposited checks $4.00
- Paper Statement Fee: None
- Features & Options:
- Images provided
- Free Online Business Banking
|
Business Advantage Checking
|
The Business Advantage Checking account is perfect for businesses with high 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 Opening Deposit: $100
- Minimum Daily Balance: $0
- Maintenance Service Fee / Maintenance Fee: $10 monthly maintenance fee
- Earns Interest: Earning Credit to offset monthly service charges
- Transaction Limits / Activity Fees:
- $.15 per check/debit item
- $.10 ACH debit item
- $.05 deposit items on-us
- $.10 deposit items not-on-us
- $.10 Coin (per roll)
- Paper Statement Fee: None
- Features & Options:
- Images provide
- Free Online Business Banking
|
|
