Business Checking Accounts
As a small business owner, it’s important to separate your personal finances from your company's finances. Not only does this make taxes a lot easier, but it also gives you a better idea of your company’s overall health. At Openland, we have three business checking accounts to help you with your business’s needs: Business Basic, Business Advantage, and our Non-Profit / Club account.
- Business Basic Checking only requires an opening deposit of $100 and there is an $8 monthly fee unless you're able to maintain a $5,000 average daily balance. It comes with 75 free transactions every month, eight free deposits each month, and $5,000 free cash processed per month.
- Business Advantage Checking requires a $500 opening deposit, and there is a $15 monthly fee unless you maintain a $10,000 average daily balance. It comes with 150 free transactions per month, 15 free deposits per month, and $10,000 free cash processed per month. An additional perk of Business Advantage is that your account will earn dividends when you maintain a balance over $2,500.
- Last but not least is the Non-Profit / Club Checking Account. You don't have to worry about a monthly fee with this option, but there is a $100 minimum deposit to open. It comes with 75 free transactions per month, eight free deposits per month, and $5,000 free cash processed per month. If you’re looking for a checking account for your non-profit or club, this account has everything you need with no added costs.
Reach out with any additional questions about our Business Checking Accounts, or visit one of your convenient branch locations to open your new account today.
