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. You can avoid a monthly service charge by maintaining a $500 minimum balance. 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. It’s simply indispensable.
- $0.00 to open
- No minimum balance
- No monthly service charge
Simply Basic Business
- For Sole Proprietor, Single Member LLC
- $500.00 to open to avoid Service Charge
- Below $500 – $12.50 monthly fee
- First 300 checks processed free
- Over 300 checks – $0.30 each
- For Partnerships, LLCs, Corporations
- $0.00 to open
- Service charges based on account analysis
- ATM/Debit Card
- My Mobile Money
- 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.
You must have a Taxpayer Identification Number to open an account with Simply Bank. 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.