Business checking that stays out of your way.
Manage your business finances with a checking account designed to keep costs low, while protecting your accounts and saving time on deposits.
Bank of Farmington's business checking account has no monthly service charge when you maintain the minimum balance. That means more of your money goes toward running your business, not paying your bank.
Every business checking account includes online and mobile banking, bill pay, and a dedicated banker who knows your business. And when you're ready for more, we've got the tools to help you scale.
Checking Accounts Details
| Checking Account | Saving Account | |||||
|---|---|---|---|---|---|---|
| *No Monthly Maintenance Fees! | Basic | Traditional | Investment | Premiere Money Market |
Regular | Choice |
| Interest Bearing | Tiered | Tiered | ✔ | |||
| Minimum Opening Deposit | $50 | $300 | $1,000 | $1,000 | $100 | $1,000 |
| Monthly Service Fee | $0 | $5 | $10 | $10 | $5 | $5 |
| Fee waived if balance is greater than | $300 | $1,000 | $1,000 | $100 | $100 | |
| Debit Card Available | ✔ | ✔ | ✔ | ✱ | ✱ | ✱ |
| Monthly Statements | ✔ | ✔ | ✔ | ✔ | if EFT activity | if EFT activity |
| E-Statements Available *Required for Student Checking |
✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Additional Information | No Check Images | Check Images | Check Images | $10/item fee if exceeds 6 debit transactions |
Earns interest regardless of balance |
Acct will not earn interest if under $1000 |
| ✱ Subject to qualifying for a debit card. See terms and conditions for details. |
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FAQs
Does Bank of Farmington charge monthly fees on business checking?
Our business checking has no monthly service charge when you maintain the minimum balance. Ask a banker for specific details on balance requirements.
What is Positive Pay and do I need it?
Positive Pay is a fraud prevention tool that verifies checks presented against your business account before they clear. If you write checks from your business, it's one of the best ways to protect against check fraud. Talk to your banker to get it set up.
How do I set up Remote Deposit Capture?
Contact Cindi Marcotte at 309-245-2441 to start the approval process. We'll walk you through the setup and get you scanning deposits from your desk.