Business Banking - Business Checking Accounts

More Than Free Business Checking

Welch State Bank’s More Than Free Business Checking account is our most economical business checking account.  The account has NO monthly service charge or minimum balance and allows for 1000 checks to be cleared from the account each month. 

The More Than Free Business Checking account is a non-interest bearing account, so it’s available for any entity or person wishing to open an account for business purposes. 

No matter what your business is, Welch State Bank offers a variety of financial products to our business checking account’s to make your banking as convenient as possible.  Such as Cash Management Tools, Business Loans for all types of business related purposes, ATM Cards and Debit Cards, Direct Deposit, Cashier’s Checks, Money Orders, Notary Service, Wire Transfers, and Safety Deposit Box Rentals. 

Minimum to Open

$50.00

Monthly Service Charge

NONE

Interest Bearing

NO

Items cleared against account per statement

1000 items cleared each month FREE
$0.25 per item cleared over 1000 items

Items deposited into account (not drawn on Welch State Bank) $1.50 coin/currency charge per $1000.00 over $10,000.00 deposit

Imaged Statement

YES

Online Banking

FREE

Online Bill Pay

FREE

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Commercial Business Checking

Welch State Bank’s Commercial Business Checking account is non-interest bearing with no minimum balance.  Although any entity or person is allowed to open this account, it was specifically designed for corporations, for-profit organizations; partnerships; etc.  Since these entities are not eligible for interest-bearing accounts, the earnings credit applied to the account each month may help offset service charges. 

No matter what your business is, Welch State Bank offers a variety of financial products to our business checking account’s to make your banking as convenient as possible. Such as Cash Management Tools, Business Loans for all types of business related purposes, ATM Cards and Debit Cards, Direct Deposit, Cashier’s Checks, Money Orders, Notary Service, Wire Transfers, and Safety Deposit Box Rentals. 

Minimum to Open

$50.00

Monthly Service Charge

$15.58

Interest Bearing

NO

Items cleared against account per statement

$0.12 per item cleared

Items deposited into account (not drawn on Welch State Bank)

$1.50 coin/currency charge per $1000.00 over $10,000.00 deposit

Credits to Account

$0.29 credit for each $100.00 of the lowest daily balance of the statement cycle

Imaged Statement

YES

Online Banking

FREE

Online Bill Pay

FREE

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Business Interest Checking

Welch State Bank’s Business Interest Checking account is designed for businesses that maintain a higher balance and for those business entities allowed to earn interest on a checking, such as:  individuals, non-profit organizations; sole proprietorship, etc. 

No matter what your business is, Welch State Bank offers a variety of financial products to our business checking account’s to make your banking as convenient as possible. Such as Cash Management Tools, Business Loans for all types of business related purposes, ATM Cards and Debit Cards, Direct Deposit, Cashier’s Checks, Money Orders, Notary Service, Wire Transfers, and Safety Deposit Box Rentals. 

Minimum to Open

$50.00

Monthly Service Charge

$6.29 if balance falls below $1500.00 during statement cycle

Interest Bearing

YES – for qualified customers

Items cleared against account per statement

FREE – first 1000 items
$0.25 per item cleared over the first 1000 items

Items deposited into account (not drawn on Welch State Bank)

$1.50 coin/currency charge per $1000.00 over $10,000.00 deposit

Imaged Statement

YES

Online Banking

FREE

Online Bill Pay

FREE

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Checking Accounts
    
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