BUSINESS DEPOSIT ACCOUNTS
Value is important when you’re looking for a checking account for your business. Midwest Community Bank has the value and economy you’re looking for without sacrificing any of the service that you deserve.
- Monthly Maintenance fee of $8.00 offset by an aggressive earnings credit applied at month-end.
- Per check paid is $.15
- Per deposit is $ .20
- Per item deposit is $ .075
- Coin/Currency per strap or roll is $ .15
- Month-end statements may be picked up, mailed, or electronic statement.
- Online Banking
- Bill Pay
- Online Check Imaging
- Night depository and zippered bags are available.
- You must deposit $50.00 to open this account.
- Great alternative for business with lower transaction volume.
- First 200 transaction items per month are free.
- Each transaction item over 200 per month are subject to a $ .25 per item fee.
- Online Banking
- Bill Pay
- Online Check Imaging
- Month-end statements may be picked up, mailed, or electronic statement.
- Night depository and zippered bags are available.
- You must deposit $50.00 to open this account.
- This account is available to non-profit organizations and sole-proprietors only.
- A service charge of $7 will be imposed every month the balance falls below $1,000 on any day of the month.
- Account earns a competitive tiered rate of interest depending on balances.
- Month-end statements may be picked up, mailed, or electronic statement.
- Online Banking
- Bill Pay
- Online Check Imaging
- Night depository and zippered bags are available.
- You must deposit $1,000 to open this account.
- This account is available to non-for-profit organizations.
- No monthly service charges
- No Minimum balance required
- No per check charge
- Online Banking
- Bill Pay
- Online Check Imaging
- Month-end statements may be picked up, mailed, or electronic statement.
- Night depository and zippered bags are available.
- You must deposit $50.00 to open this acount.
- Earn a competitive, variable rate of interest with balances of $2,500 or more.
- Interest bearing at a variable tiered rate, compounded and paid monthly.
- $3.00 monthly maintenance fee if balance falls below $2,500
- Limited to six pre-authorized withdrawals or transfers per month.
- $100 minimum withdrawal
- Online Banking
- Bill Pay
- Online Check Imaging
- Month-end statements may be picked up, mailed, or electronic statement.
- Night depository and zippered bags are available.
- You must deposit $2,500 to open this account.
- Earn a competitive, variable rate of interest with balances of $2,500 or more.
- Interest bearing at a variable tiered rate, compounded and paid monthly.
- A maintenance fee of $3 will be imposed every quarter if the balance falls below $2,500 on any day of the cycle.
- Funds are easily accessible
- Limited to six pre-authorized withdrawals or transfers per month.
- $100 minimum withdrawal
- Online Banking
- Bill Pay
- Online Check Imaging
- Month-end statements may be picked up, mailed, or electronic statement.
- Night depository and zippered bags are available.
- You must deposit $2,500 to open this account.
- This option allows our business banking customers to establish a set balance in the checking account.
- A sweep can automatically be initiated into or from an interest bearing account.
- This allows you to maximize the earning potential of your account relationship with Midwest Community Bank.
- Certain regulatory restrictions may apply.
- See your Business Banker for details.
- A simplified employee pension (SEP) plan is a retirement plan established by an employer to provide retirement benefits for employees.
- Any employer (whether incorporated or unincorporated; full-time or part-time) is eligible to establish a SEP plan.
- An employer contributes money into its employees’ traditional IRAs.
- The employer gets a tax deduction. A SEP allows self-employed individuals and other businesses to fully deduct their eligible SEP contributions.
- The contribution is not income to the employee until distributed from their IRA.
- An employer who wishes to establish a SEP should seek the professional tax or legal guidance of someone who is familiar with that employer’s business.