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Highest Business Checking APY bank rates: comparison of best yielding business checking accounts.
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Chase Business Select Checking Account interest Rate and Details
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Services/Benefits |
- FREE Chase Business Debit Card
- Overdraft protection
- Business online services
- Package of additional benefits for business savings, CDs and personal checking
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*Monthly Service/Maintenance Fees |
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Check Safekeeping
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$18 |
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Image Statement
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$20 |
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Check Return
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$24 |
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Number of Monthly Transactions Allowed |
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200 transactions per monthly service cycle (includes all customer-initiated
debits and credits and deposited items)
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$0.40 for each transaction that exceeds 200 transactions in the month
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Cash Deposit Limit |
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No Cash Deposit Processing Fee for the first $7,500 per month (See Account Rules
and Regulations – Business Deposit Express for additional fees)
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ATM/Debit Card Transaction Fees |
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For any non-Chase ATM inquiry or transfer7
For non-Chase ATM withdrawal7
- Within the US:
- Outside the US, Puerto Rico and the US Virgin Islands
A 3% exchange rate adjustment fee applies to international cash withdrawals and
purchases. Not assessed for U.S. territories/possession, Bermuda, Panama and
Bahamas.
Other miscellaneous fees may apply. See a banker for details.
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$25 minimum to open
1 Average daily balance is the average of the end of day ledger
balances during the monthly statement cycle.
2 Minimum daily balance is based on your ledger balance at the end of
each day.
3 Qualifying personal accounts include Chase Premier CheckingSM
(available through February 5, 2012), Chase Premier Plus CheckingSM
(available February 6, 2012), Chase Premier Platinum CheckingSM and
Chase Premier Platinum Asset Management AccountSM (available in
certain markets only).
4 Chase Business Credit Card must be in good standing (not
delinquent, closed, charged off, or revoked) and linked to this Chase
BusinessSelect CheckingSM account. Qualifying purchases made with
your Chase Business Credit Card will be determined based on their transaction
posting date.
5 Includes all fees charged to your business checking account whether
or not identified in the Additional Banking Services and Fees disclosure, except
for fees refunded to your account, the monthly Service Fee, Safe Deposit Box
fees, fees bundled as part of transaction amounts (e.g., foreign exchange rate
adjustments and non-ATM cash fees) and fees for third party provided services.
6 In the event your card or card number is lost, stolen or used
without your authorization, you are not liable for any unauthorized transactions
including transactions made at merchants, over the phone, at ATMs or online when
you notify the bank promptly. Claims are subject to verification. See Account
Rules and Regulations for details.
7 Usage Fee may be charged by the institution that owns the ATM.
Additional fees may apply when using an ATM outside the United States, Puerto
Rico and the US Virgin Islands.
Open Chase Business Select Checking Account
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Bank of America Economy Checking Account Rate and Details
Business Economy checking provides business owners more control over fees and account activity, along with guaranteed secure debit
card purchases. Ideal for start-ups and smaller businesses.
Who it's for
Business Economy Checking is designed for most businesses with:
- An average balance of less than $15,000
- Fewer than 200 checks paid and deposited items—combined—each month
- Under $5,000 cash deposited per month
Business Economy Checking features
- No monthly maintenance fee if you maintain at least one of the following:
- Enrolling in Business Fundamentals and making a monthly qualifying purchase with your Business debit card (see footnote)
- $5,000 minimum daily balance
- $10,000 average monthly balance
- No charge for the first 200 checks paid and deposited items—combined—per month
- Includes all the checking services offered with every Bank of America business checking account
Bank of America Business Economy Checking Fees:
Monthly maintenance fee when one of the following is maintained:
- Enrolling in Business Fundamentals and making a monthly qualifying purchase with your Business debit card (see footnote)
- $5,000 minimum daily balance
- $10,000 average monthly balance
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$0
(otherwise $18.00)
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Each check paid or deposited item after the first 200
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50¢
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Cash deposited after the first $5,000
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15¢ per $100
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Check enclosure service fee
An optional service where the bank returns cancelled checks with your statement.
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$5
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Check image service fee
The fee charged for returning images of your canceled checks with your monthly statements.
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$3
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Footnote: Bank of America will waive the monthly maintenance fee on your Business Economy Checking account for each statement period in
the month following a point-of-sale Bank of America Visa debit card purchase. For example, if you make a point-of-sale debit card purchase
in the month of August, your monthly maintenance fee credit will appear on your September statement. The following transactions do not
qualify as point-of-sale purchases: a) ATM transactions; b) credits, such as those for purchases that are cancelled or returned, or other
adjustments related to point-of-sale purchases; c) purchases of cash-like items, such as money orders, traveler’s cheques, foreign currency,
cashier’s checks, gaming chips, and other similar instruments and things of value; d) account funding transactions, including transfers
to open or fund deposit, escrow or brokerage accounts, and purchases of stored value cards. The account must be in good standing at the
time of the purchase(s). For each month a point-of-sale debit card purchase is not made, you will be charged your usual monthly maintenance
fee if you do not meet the minimum balance requirement outlined in your Personal Schedule of Fees. We may, at our discretion and without
notice to you, amend or cancel this offer at any time.
Open Bank of America Economy Checking Account
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