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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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