Every new Business Checking account comes with:
- FREE VISA© Debit Card
- FREE Online Banking & Bill Pay
- FREE eStatements
- FREE Gift to thank you for your business
Plus, we will buy back your unused business checks or debit card from a different financial institution with a $25 credit to your account.
Checking Account Comparison
| Account |
+ |
Minimum to Open |
Free Items per Statement Cycle |
Free Cash/Coin Deposits, Withdrawals
and Changes Orders per Statement Cycle
|
| Totally Free Business Checking |
Free Checking Details |
$0 |
0 - 200 FREE items
No excess item fee
|
$10,000
No excess item fee
|
|
Simply
Business Checking
|
Simply Business Details |
$0 |
0 - 500 FREE items
Excess item fee $0.50 per item over 500
|
$10,000
Excess cash fee of 0.12% for cash over $10,000
|
| Commercial Checking |
Commercial Checking |
$0 |
All items:
$0.25/Credit
$0.10/Debit
$0.10/Deposited Item
Eligible for earnings credit
|
|
Account Details
Totally Free Business Checking
- 200 FREE items per statement cycle
- No minimum balance
- No monthly service charge
- Up to $10,000 per statement cycle FREE in coin and currency deposits or withdrawals, including change orders
- No minimum balance
- Up to 500 FREE items per statement cycle
- Up to $10,000 per statement cycle FREE in coin and currency deposits or withdrawals, including change orders
- Excess item and cash over limit fees apply
- Monthly maintenance fee, plus account activity fees for debits, credits, deposited checks, and cash
- Eligible for earnings credit from deposit balances which may offset activity fees
- Business Online Banking with customized Treasury Management Solutions available
Items include all debits, credits, and deposited items. If the account exceeds the free items per statement cycle, $10,000 in coin and currency deposits or withdrawals per statement cycle, including change orders, or requires additional regulatory oversight, the Totally Free Business account may be changed to Simply Business Checking and Simply Business Checking may be changed to Commercial Checking both of which include additional fees.
Unless specified otherwise, customer purchases checks. Other fees such as overdraft, continuous overdraft, etc. may apply. See fee schedule for details. $25 for checks and debit cards from another financial institution. Your account will be credited at the time checks/debit cards are presented. Free gift provided at the time of account opening. Ask us for details. Bank rules and regulations apply.
To help in opening your new business accounts, we may request the following:
| Sole Proprietor/DBA |
Limited Liability Corp (LLC) |
Partnership |
Not-For-Profit Organization |
Corporation |
|
|
- TIN of LLC
- Articles of Organization
- Operating Agreement
|
- TIN of Partnership
- Partnership Agreement
- Certificate of Partnership
|
- TIN of Organization
- If incorporated, follow corporation guidelines
- If Tax-exempt, IRS documentation or tax return
- If not tax-exempt, authorized letter
|
- TIN of Corporation
- Articles of Incorporation
|
Additional documents and/or state registration may also be required. Contact your Valley Bank Personal Banker and/or New Accounts Representative for further information.
