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Business Checking Accounts

Business Checking Accounts

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 CheckingPremier Business Checking


Account Requirements

Small Business Checking


None

Premier Business Checking


  1. Enrolled in Paperless Statements
  2. Enrolled in Digital Banking
  3. One Monthly ACH Debit or Direct Deposit


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
  • $0 - $24,999
  • $25,000 - $99,999
  • $100,000 - $249,999
  • $250,000+


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 3 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
  • Payroll Processing
  • ACH Origination
  • Sweep Options
  • Positive Pay
Remote Deposit 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
  • Payroll Processing
  • ACH Origination
  • Sweep Options
  • Positive Pay
Remote Deposit 2,3
Merchant Card Processing 3
  1. $5 monthly Bill Pay inactivity fee after 60 days.
  2. Subject to approval.
  3. Fees may apply.

High Balance Rewards Package

If you maintain a $150,000 balance in your business checking account, you are eligible to receive these benefits with no monthly fee*:

  • Remote Deposit: No set up fee, no monthly scanner rental fee, no monthly service fee or transaction fees.
  • Payroll Processing: No monthly fees
  • Gift Cards: Up to 10 per year with no fee
  • Safe Deposit: Free Box (subject to availability)

*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.

Cash Management Tools

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.

Loans, Lines of Credit & More

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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