FDIC Insured - Backed by the full faith and credit of the U.S. Government

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Business Checking

Better banking for
budding businesses.

Whatever size or sector your business is in, Patrons Bank
is a great fit. Manage your business finances from anywhere,
anytime, with modern technology, reliable service, and great perks.

Business woman leaning over her desk with her laptop

business checking icon

Check this out –

All Business checking accounts include the following FREE perks:

 

  • Debit card with real-time alerts
  • Online banking
  • Mobile banking with mobile deposit
  • Electronic statements
  • Coin counter
  • Night deposits
  • Remote deposit capture (fees apply)
  • Buy back of your previous bank’s checks & debit cards
Account TypeOpening BalanceService ChargeInterestAdditional Features
Simply Free Business Checking $50 $0 N/A
  • 1,000 FREE monthly transaction items
  • No minimum balance
Business Interest Checking $50 $8** N/A
  • 1,000 FREE monthly transaction items
  • Competitive Interest
Commercial Checking $50 $15 15¢ transaction items
  • Earnings credit allowance on deposit balances may offset activity fees
  • Coins and currency deposit just 50¢ per $1,000
Savings Account $50 $5* N/A
  • 2 free withdrawals per month, $1.00 per item after

*Waived with a minimum daily balance of $1,500

**Waived with a minimum daily balance of $100

Legal Changes for Business Owners

Due to an updated Bank Secrecy Act Regulation issued by the Financial Crime Enforcement Network (FinCEN), all Financial Institutions must obtain Beneficial Ownership information prior to a new account being established, on or after May 11, 2018.

How will this impact your business?

Each time a new account is established, we will be required to ask for identifying information (name, address, date of birth, social security number, and identification documents) regarding the Beneficial Owners of your Legal Entity for:

  • Each individual that has 25% ownership or more: and/or,
  • Individual that has significant managerial control (e.g., President, VP, CEO, CFO, Treasurer, etc.); or any other individual who regularly performs similar functions.

The individual completing the form on behalf of the Legal Entity will be required to provide the above listed identifying information and certify that this information is true and accurate to the best of their knowledge.