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Business Checking

At SBIC, we believe our clients deserve a rewarding banking experience. That's why we've designed our Business Checking accounts to offer you the power to streamline your cash flow and the flexibility to grow exponentially. Plus, we'll automatically reimburse you for out-of-network ATM usage fees1 from any bank, anywhere because your convenience is our priority.

 

From small companies to large corporations, we have an account that fits your business:

  • Prime Business Checking
  • Simple Business Checking
  • NOW Checking (Sole Proprietorship Only)

 

Benefits to enrich your banking experience:

  • Free Online Banking with Bill Pay2
  • Free Debit Card
  • Free eStatements
  • Free Check Imaging
  • No Monthly Transaction Limits
  • FDIC-Insured Up to Maximum Allowable Limits
Checking Accounts:Prime BusinessSimple BusinessNOW (Sole Proprietorship Only)

You prefer:

A non-interest-earning account for businesses with higher transaction activity.

A non-interest-earning account for businesses with limited to moderate transactions activity.

A convenient account offering competitive interest-earning3 for sole proprietors.

Minimum initial deposit:

$10,000 $500 $500

Monthly service fee:

$20 $15 $10

Waiving the monthly fee:

Maintain a $10,000 Minimum Daily Balance in this account.

Maintain a $500 Minimum Daily Balance in this account.

Maintain a $500 Minimum Daily Balance in this account.

Transaction fees4 per month and account limitations:

200 transaction items (debits, credits, and deposit items) free; $0.30 for each transaction over 200

75 transaction items (debits, credits, and deposit items) free; $0.30 for each transaction over 75

10 transaction items (debits, credits, and deposit items) free; $0.30 for each transaction over 10

Additional checking accounts:

Monthly service charge waived for Easy or Preferred Personal Checking account for the first 12 months.

Available5 Available5

 

Unlock your company's full potential:

When you pair your Business Checking account with our suite of Treasury Management services, you are empowered with simple yet effective tools to better mitigate risk, improve efficiency, and reduce processing costs to increase your business's overall profitability. We're committed to providing the consultative knowledge, technology, and ongoing support necessary to keep your focus where it matters most – on growing your business. 

Our best-in-class Treasury Management solutions include:

 

 

 

 

 

1 Reimbursements vary based on account type. Please see applicable Account Agreements for specific reimbursement terms.

2 Standard Online Banking included through Consumer Online Banking (CoB), the personal and small business banking portal. For access to Business Online Banking (BoB), additional charges may apply. Please speak with one of our Branch Representatives or Relationship Officers for full details. 

3 Interest rates are variable and may change as often as daily without notice. Interest is calculated on the daily collected balance, compounded daily, and credited monthly. Interest begins to accrue on the first business day the Bank receives credit for the deposit of non-cash items (e.g., checks). For current rates, please visit the Deposit Rates page, call us at 1-877-1995, or visit your preferred local branch. 

4 Transaction fees cannot be waived by maintaining the required minimum balance. For additional transaction fees that may apply, please see the Business Banking Schedule of Fees and Charges.

5 Additional fees/charges may apply. Please see details listed in applicable Account Agreements and the Business Banking Schedule of Fees and Charges.

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