Business Checking Accounts
Small Business Accounts Table
Guide to Benefits
Commercial Checking Account Analysis
Service fees

Local businesses like yours are important to the community. As your community bank, we want to help you support the local economy by providing you with the tools to manage your business finances. Our Prime Interest Series for Business Checking Accounts are designed to meet your unique needs by allowing you to use all of your business relationships with the Bank of Elmwood to offset service charges and fees.

It's simple... both your loan and deposit account balances are totaled to determine the type of account that best suits your needs. The Prime Interest Series for Business Checking Accounts also provide additional benefits such as discounts on installment loans, first year free safe deposit box, and a discount on checks. A complete list of benefits is included in the chart below.

Choose from three business checking account plans: Preferred, Premier and Prestige. A Bank of Elmwood Financial Services Representative will help you select the level which is best for your account activity needs and the balances you maintain.

The Prime Interest Series for Business Checking Accounts are ideal for most sole proprietors, some not-for-profit organizations and other small business or closely held corporations.

Start your business checking account today by stopping in to see one of the Bank of Elmwood's Financial Services Representatives. If you are a sole proprietor, be sure to ask about the Business Reserve Line of Credit.

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1/2 of 1% discount on business installment loans
First year free 3x5 safe deposit box
10% discount on standard business check orders
Discount on MC/VISA merchant rates*
High yield business certificates of deposit
Bank at Work program
Monthly consolidated financial review
Four free account inquiries per statement cycle

*subject to credit approval

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Commercial Checking Account Analysis is specifically designed for the business that has extensive accounting or money handling requirements (currency & coin). A monthly statement clearly identifies detailed charges and shows you how these charges are offset by the value of your balance. This easy-to-use report is also a valuable cash management tool.

Features and benefits include:

No minimum balance requirement
Variable monthly service charges; you only pay for services used
Monthly earnings credit; value of earnings credit is applied to cover monthly activity charges
Monthly analysis statement, calculating fee for services used less earnings credit
Monthly statement

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