When running a business, saving money can be as important as making money. Fortunately, Banner Bank offers an assortment of accounts designed to keep your money safe and secure.
Business Savings and Money Market Account Comparison:
| Online Account Opening |
 *
|
* |
* |
| Minimum Opening Balance |
$100 |
$100 |
$100 |
| Minimum Daily Balance Required to Avoid Monthly Service Charge |
$500 |
$2,500 |
$5,000 |
| Monthly Service Charge If Balance Requirements Are Not Met |
$5 |
$10 |
$10 |
| Deposit Item Fee |
$0.20 per item
(first 75 free) |
$0.20 per item
(first 75 free) |
$0.20 per item
(first 75 free) |
| Withdrawal Fee |
$5 per withdrawal
(first 6 free) 2 |
$10 per withdrawal
(first 6 free) 2 |
$5 per withdrawal
(first 6 free) 2 |
| Competitive Interest Rate |
Compounded daily |
Compounded daily - Tiered rates |
Compounded daily - Tiered rates |
| Interest Paid on Collected Balances |
Quarterly |
Monthly |
Quarterly |
| Online Banking |
Free |
Free |
Free |
| Mobile Banking |
Free |
Free |
Free |
| Banner Bank-by-Phone |
Free |
Free |
Free |
| Additional Options and Features |
- Unlimited withdrawals in person or by ATM
- Link to your Banner checking account for overdraft protection3
- Access funds with Visa business debit card
|
- Unlimited withdrawals in person or by ATM
- Link to your Banner checking account for overdraft protection3
- Access funds with Visa business debit card
|
- Unlimited withdrawals in person or by ATM
- Link to your Banner checking account for overdraft protection3
- Access funds with Visa business debit card
|
* Online application is limited to sole proprietors; All others, please contact your local branch.
1 A Banner Bank business checking account (any type) with combined statement is required. 2 Excessive withdrawal fee applies when the account exceeds 6 pre-authorized third party withdrawals per statement period (if no more than 31 days). If statement period is quarterly, 6 pre-authorized withdrawals are allowed per calendar month. 3 Subject to transaction limits and funds availability.