Community Business Checking Account

Designed for small businesses and nonprofits

Community Business Checking is the perfect fit for small businesses and nonprofits who have moderate monthly account activity, maintain a high balance and use important services such as cashier’s checks, stop payments, verification of deposits and much more.

 

Community Business Checking Features
Business Types
  • Corporations, partnerships, sole proprietors, husband and wife sole proprietors, public agencies, associations, LLPs and LLCs
To Welcome You
  • We'll pay for your first check order, up to $150.00
  • Offer you a 0.25% discount on a Summit Business Line (SBL) between $25,000 to $100,000 (for qualified businesses)
  • Take advantage of a 0.25% bump on one Business Money Market account, one time
  • We'll pay for your initial annual Go Local Membership, value $250.00
Minimum Balance To Open The Account
  • You must deposit $25,000.00 to open this account.
Minimum Average Balance To Avoid Imposition Of Fees
  • A minimum balance fee of $25.00 will be imposed every statement cycle if the average balance in the account for the statement cycle falls below $25,000.00.
Transaction Limitations
  • You may make no more than 25 deposits per statement cycle.
  • You may deposit no more than 200 checks per statement cycle.
  • You may write no more than 200 checks per statement cycle.
  • Based upon activity, or if the average balance falls below $25,000.00 for three consecutive statement cycles, your account may be converted to the Summit business account that matches your activity level.
Remote Banking
Included Account Benefits

Unlimited:

  • Cashier's Checks
  • Incoming Wires
  • Stop Payments
  • Medallion Signature Guarantees
  • Signature Guarantees
  • Verification of Deposits (VODs)

Additional Benefits Upon Request

  • View check images with eStatement feature
  • Online Bill Payment (fees may apply)
  • Positive Pay