ACCOUNT FOR YOUR BUSINESS
At BankStar, we want to personally get to know you and your operation, so together, we can find the brightest solutions for your growing business.
We offer the following solutions for your business:
- Free Online Banking & Bill Pay
- Free Mobile Banking & Mobile Deposit
- Free eStatements (including images)
- Free VISA® Debit Card
Business Checking
An excellent fit for businesses with limited transaction activity.
- $100 minimum opening deposit
- No monthly balance requirement
- No monthly maintenance fees
- Up to 300 free items per statement cycle and $.10 per additional item (items are defined as checks paid, checks deposited, and ACH debits)
Business Interest Checking
Designed for sole proprietors and non-profit organizations, business interest checking allows for the opportunity to earn interest.
- $500 minimum opening deposit
- Tiered and variable interest compounded and paid monthly on average daily balance1
- No monthly maintenance fee if average daily balance1 remains above $500
- Up to 300 free items per statement cycle. $.10 per additional item.
Commercial Checking
Commercial Checking is designed for businesses with a high volume of transactions and features a monthly earnings credit based on the average account balance maintained.
- Fees based on services provided
- Earnings credit allowance from deposit balances may offset fees
- Earnings credit allowance indexed to the average yield of the 91-day Treasury Bill
- Account analysis available
Business Checking Account Comparison
| Business Checking | Business Interest Checking | Commercial Checking | |
|---|---|---|---|
| Description | Low-cost account for businesses | Account that allows qualifying sole proprietors and non-profit organizations to earn interest | Designed to meet the needs of businesses with high volume account activity |
| Minimum Opening Deposit | $100 | $500 | $0 |
| Maintenance Fee | Up to 300 free items per statement cycle. $.10 per additional item. (checks paid or deposited and ACH debits). | No monthly maintenance fee if average daily balance remains above $500 (nominal $10 fee otherwise) | None |
| Earns Interest | No | Tiered Interest | No |
1The average daily balance is calculated by adding the principal balance in the account for each day of the statement cycle and dividing that figure by the number of days in the statement cycle.
2 Items are defined as checks paid, checks deposited, and ACH debits.