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As a business owner, you understand the importance of managing your finances. Therefore, Kensington Bank offers two comprehensive Business Checking Accounts to best fit your company’s financial needs.
Our Small Business Checking offers a generous activity allowance – up to 250 combined items – with no monthly fees. Businesses with larger volume and those who want to earn interest will enjoy Premier Business Checking. Both accounts provide a long list of additional benefits. See chart below for details.
Non-Profit Organization? Please choose the account that best meets your needs. Enjoy no monthly fees and many additional benefits when your account activity is below 250 items (Small Business Checking) or 500 items (Premier Business Checking). See chart below for details.
| Small Business Checking | Premier Business Checking | |
|---|---|---|
Account Requirements | Small Business Checking None | Premier Business Checking
|
Minimum Opening Deposit | Small Business Checking $100 | Premier Business Checking $100 |
Minimum Daily Balance | Small Business Checking None | Premier Business Checking None |
Interest Rate | Small Business Checking None | Premier Business Checking Tiered based on daily balance
|
Volume Parameters | Small Business Checking Up to 250 combined items per statement cycle, including: deposits, deposited items, checks & debits of any type. | Premier Business Checking Up to 500 combined items per statement cycle, including: deposits, deposited items, checks & debits of any type. |
Monthly Fees | Small Business Checking None. If volume exceeds 250 during the statement cycle, there is a $25 fee plus $.20 for each item over 250. | Premier Business Checking None. If volume exceeds 500 during the statement cycle &/or if the 2 requirements aren't met, there is a $25 fee plus $.20 for each item over 500 |
Additional Benefits | Small Business Checking Free Digital Banking Free Bill Pay 1 Free Mobile Deposit Free Business Debit Card 2 Check images w/ Paperless Statements ($5 paper statement fee) Business LOC Available 2,3 Rewards Credit Card 2,3 Cash Management Services: 2,3
Merchant Card Processing3 | Premier Business Checking Free Digital Banking Free Bill Pay 1 Free Mobile Deposit Free Business Debit Card 2 Check images w/ Paperless Statements ($5 paper statement fee) Business LOC Available 2,3 Rewards Credit Card 2,3 Cash Management Services: 2,3
Merchant Card Processing 3 |
If you maintain a $150,000 balance in your business checking account, you are eligible to receive these benefits with no monthly fee*:
*If your daily balance falls below $150,000, the following fees will apply that month:
Remote Deposit + $20 scanner rental fee + $50 monthly service fee + $.07 transaction fees; Payroll Processing + $20 per month.
We offer a comprehensive array of cash management tools to help you manage your finances – free online banking, free online bill pay, free mobile banking & mobile deposit, payroll processing, ACH origination, sweep options, remote deposit capture, merchant card processing, credit and debit cards, health savings accounts, retirement accounts and more. See chart for more details and talk with a banker to learn how these tools can meet your business needs.
When you need additional funds for your business, talk with us. We offer a variety of financing options to help you manage your cash flow needs, make purchases, fund your growth, acquire property and more – business loans & lines of credit, commercial real estate loans, equipment loans, agricultural loans – we want to partner with you to help you create greater success for your business.
Stop by any of our offices or give us a call at 800-550-2146 to make an appointment with a Universal Banker to learn more.
Stop by any of our offices, give us a call at (866) 965-2419, or contact us.
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