Which Business Checking Account Is Right For You?
Basic Business Checking
A great option for businesses with low-to-moderate activity.
Classic Business Checking
Ideal for businesses with more active checking needs.
Analyzed Business Checking
Designed for businesses with heavy transaction activity, or those using a broad range of Island services.
Business Remote Deposit Checking
A great option for businesses with low check deposit volume.*
|Business Remote Deposit Checking|
|Free Online Banking with Bill Pay||Yes||Yes||Yes||Yes|
|Minimum to open||$200||$200||$200||$200|
|No monthly fee for average daily balances as low as||$2,500||$5,000||n/a1||$50,000|
|Monthly maintenance fee
(if average daily balance requirement not met)
|Potential earnings credit||No||No||Yes||No|
|Paid items processed free/month||75||200||n/a||200|
|Each additional paid item||$0.25||$0.25||n/a||$0.25|
|Deposit tickets processed free/month||10||20||n/a||20|
|Each additional deposit ticket||$1||$1||n/a||$1|
Terms & Conditions
*Remote deposit checking requires remote deposit service, which is subject to underwriting and risk assessment.
1 Analyzed Business Checking balances earn credits that can partially or completely offset account transaction and service charges.
2 Adding sweep accounts earn you dividends on funds not in use.
Based on the level of activity on your account, we reserve the right to convert your account to another type of checking. We will give you 30 days notice if we elect to convert your account.