BUSINESS DEPOSIT ACCOUNTS

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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.
CONTACT US FOR ADDITIONAL INFORMATION