Operating Accounts

Ultimate Business Checking Account (for small businesses)

Ultimate Business Checking fits the needs of most small businesses especially if you pay some bills online and make deposits using a Summit ATM. When you maintain a minimum balance, you earn interest and there is no service charge.

Ultimate Business Checking Features
Business types Sole proprietors, husband and wife sole proprietors, trusts, non-profit corporations, attorney client trust accounts
Rate
  • Variable rate, compounded daily
Minimum Deposit
  • $100.00 minimum opening deposit
Minimum Balance Fee
  • $8.00 every statement cycle when the balance falls below $500.00 any day of the cycle
Minimum Balance to earn interest
  • A minimum balance of $500.00 must be maintained in the account each day to obtain the disclosed annual percentage yield
Deposits
  • Up to 20 deposits per statement cycle including up to 100 paper checks.
Check Writing (per statement cycle)
  • Up to 100 traditional paper checks
  • Up to 20 SummitOnline electronic bill payments without charge.
Remote banking