BUSINESS CHECKING

Business Checking

The Farmers Bank offers a variety of checking account solutions to meet the needs of our business customers – regardless of your company’s size.

Ideal for sole proprietors, partnerships and corporations with less than 200 transactions per month.

  • $100 minimum deposit to open account
  • $2,000 minimum daily balance to avoid a monthly service charge
  • $15 monthly service charge if balance falls below minimum
  • 200 free items per month (debits, deposits, deposited items)
  • $0.25 per item fee in excess of 200
  • eStatements available at no charge; paper statements $2 per statement period

Basic business checking that pays your business a competitive interest rate.

  • $2,000 minimum deposit to open account
  • $2,000 minimum daily balance to avoid a monthly service charge
  • $15 monthly service charge if balance falls below minimum
  • 200 free items per month (debits, deposits, deposited items)
  • $0.25 per item fee in excess of 200
  • eStatements available at no charge; paper statements $2 per statement period

Ideal for business exceeding 200 monthly transactions.

  • $100 minimum deposit to open account
  • Monthly service charge calculated on an analysis of account activity:
    • Checks: $0.15 per item
    • Deposits: $0.25 per item
    • Deposit items: $0.10 per item
    • Transit items: $0.10 per item
    • Deposited item return fee: $5.00 per item
    • Monthly maintenance fee: $15.00 per statement period
  • We calculate an earnings credit on your daily account balances (less reserve requirements) – the earnings credit is calculated daily, based on The Farmers Bank Money Market Interest Rate, which approximates current short-term interest rates.
  • At the end of the month, your credit received for your daily balance may offset your monthly expenses.  In the event your account has a negative collected balance, interest will be calculated at The Farmers Bank Base Rate.
  • eStatements available at no charge; paper statements $2 per statement period
  • Economical checking services for school districts, government agencies or state and municipal governments.
  • $100 minimum deposit to open account
  • $500 minimum daily balance to avoid a monthly service charge
  • $5 monthly service charge if balance falls below minimum
  • eStatements available at no charge; paper statements $2 per statement period

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Earn highly competitive interest rates on your business funds.

  • $1,000 minimum deposit to open account
  • $1,000 minimum daily balance to avoid a monthly service charge
  • $10 monthly service charge if balance falls below minimum
  • eStatements available at no charge; paper statements $2 per statement period

This account provides economical checking with interest for:  school districts, government agencies and state and municipal governments.

  • $1,000 minimum opening deposit
  • $1,000 minimum daily balance to avoid a monthly service charge
  • $10 monthly service charge if balance falls below minimum
  • eStatements available at no charge; paper statements $2 per statement period