Simply Business Checking
Let’s Get Down To Business
Business can be complicated. Banking shouldn’t be. That’s why there’s Simply Business Checking. It’s there when you need it. Keeps you in touch with your business cash flow. So, any service charges or account requirements are designed to fit your specific business needs.
Uncomplicate your business life.
One of many smart tools for business owners. EVERY NEW BUSINESS CHECKING ACCOUNT INCLUDES*
- FREE Bill Pay
- FREE Business Debit Card
- FREE Online Banking
- FREE Mobile Banking with Mobile Deposit
- FREE eStatements with online check images
- FREE ATM use anywhere with unlimited automatic fee refunds
- BUY BACK of your unused checks and debit cards from another financial institution
Simply Free Business Checking Perfect for most businesses.
- 1,000 FREE monthly transaction items
- $50 minimum to open
- No minimum balance
- No monthly service charge
- Up to $20,000 currency deposited per month FREE
Simply Business Interest Checking Designed for businesses with higher balances.
- 1,000 FREE monthly transaction items
- Competitive Interest
- $50 minimum to open
- A minimum balance fee of $6 will be imposed every statement cycle if the balance in the account falls below $5,000 any day of the statement cycle.
- Up to $20,000 currency deposited per month FREE
Simply Commercial Checking For businesses with more complex banking needs.
- Earnings credit allowance on deposit balances may offset activity fees
- Only $12 monthly service charge
- Transaction items only 10 cents each
- Coin and currency deposits just $1 per $1,000
- $50 minimum to open
Other Services
- Business ATM/Debit Card
- Online Banking
- Mobile Banking
- Bill Pay
- Mobile Capture
- Treasury Services
- 24 Hour Telephone Banker
- Paper Checks
- Automatic Transfer Service
- Safe Deposit Box
Be One Step Ahead
When you’re running a small business, you wear many hats. You’re a manager, a salesperson, a bookkeeper. Find order in your business revenue and expenses with Simply Business Checking. The account comes with free online banking and bill pay. Keep your suppliers happy. Pay them quickly, at the touch of a button. You also get online statements, so you can keep track of payments and business expenses.
Stay In Touch
Take advantage of Mobile Banking with Simply Business Checking. Keep an eye on your business whether you’re there or away. Carry everything with you in the palm of your hand. Access your account quickly. Check receipts. Deposits. Expenses. It’s your bank away from home.
Please Note
You must have a Taxpayer Identification Number to open an account with SimplyBank. The following documents are acceptable for bank verification required when opening account:
- Driver’s License – first choice of identification
- Certified articles of incorporation, including LLCs
- Operating Agreement
- A government-issued business license
- A partnership agreement – if applicable
- Trust Agreement
Beneficial ownership and control information must be collected for all new business accounts beginning May 11, 2018. An individual is a beneficial owner if they own 25% or more of the business entity. The control is the individual who has significant responsibility for managing or directing the entity on a regular basis. A New Business Account Questionnaire will be completed at account opening that collects information regarding business type, transactional behavior, privately owned ATMs, etc. Includes Sole Proprietor, Single Member LLC, Partnerships, LLCs, Corporations, and Trusts Transactions restricted by the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) are prohibited from being processed through any commercial account. This prohibition became effective on June 1, 2010. Additional information can be obtained at (423) 365-8400. *Minimum opening deposit is only $50. Ask us for details. Bank rules and regulations apply. Other fees such as non-sufficient funds, overdraft, third-party data fees, etc. may apply. See fee schedule for details. Free gift may be reported on a 1099-INT or 1099-MISC. Free gift provided at the time of account opening. $10 for checks and debit cards from another financial institution given at the time the checks/debit cards are presented. Transaction items include all debits and credits. If the Simply Free Business or Simply Business Interest account exceeds 1,000 free monthly transactions, the account may be converted to another checking product. If the Simply Free Business or Simply Business Interest account exceeds $20,000 in monthly coin and currency deposits, the account may be converted to another checking product.
