Business Checking Accounts
TowneBank has a business checking account for just about every kind of business. Entrepreneurs. Startups. Professional practices. Sole proprietors. Larger, more complex operations. Even community organizations and non-profits. Every account comes with powerful tools and features such as online banking, fraud monitoring, and debit cards with chip security. Take a look. Compare the benefits. And talk to your local business banker to choose the one that fits you.
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Value ClassicA checking account for small businesses and sole proprietors with limited monthly check transactions and deposits. |
Value Classic PlusA business checking account for small businesses and sole proprietors with a higher volume of deposits and transactions. |
Value SelectAn interest-bearing business checking account for non-incorporated businesses and sole proprietors. |
Value SolutionsAn analysis account with Treasury Services and a competitive Earning Credit Rate (ECR). |
Community PartnersA business checking account with unlimited check writing for non-profit organizations. |
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Best For |
Value ClassicSmall businesses and sole proprietors |
Value Classic PlusLarge companies that make frequent deposits and process numerous checks each month |
Value SelectNon-incorporated businesses and sole proprietors |
Value SolutionsCompanies with higher transactions and have Treasury Services needs |
Community Partners501(c)3 organizations, associations, and foundations |
Minimum Opening Balance |
Value Classic$100 |
Value Classic Plus$100 |
Value Select$100 |
Value Solutions$100 |
Community Partners$100 |
Required Minimum Daily Balance |
Value Classic$3,000 |
Value Classic Plus$15,000 average balance |
Value Select$3,000 |
Value SolutionsBalances help offset fees in an analysis account |
Community PartnersNo minimum daily balance requirement |
Monthly Service Fees |
Value Classic$20, if minimum daily balance not met |
Value Classic Plus$30 if average not met |
Value Select$20, if minimum daily balance not met |
Value SolutionsSpeak to a Treasury Services Specialist |
Community PartnersNo monthly maintenance fee |
Withdrawals & Checks |
Value Classic150 processed items per statement, $0.50 for each item over 150 |
Value Classic Plus500 processed items per statement, $0.50 for each item over 150 |
Value Select150 processed items per statement, $0.50 for each item over 150 |
Value SolutionsSpeak to a Treasury Services Specialist |
Community PartnersUnlimited |
ATM/Debit Card |
Value ClassicDebit card with chip security & unlimited TowneBank ATM/Debit transactions |
Value Classic PlusDebit card with chip security & unlimited TowneBank ATM/Debit transactions |
Value SelectDebit card with chip security & unlimited TowneBank ATM transactions |
Value SolutionsDebit card with chip security & unlimited TowneBank ATM/Debit transactions |
Community PartnersDebit card with chip security & unlimited TowneBank ATM/Debit transactions |
Cash Processing Fee |
Value Classic$10,000 cash-in processed per statement, $0.30 for each additional $100 cash-in processed |
Value Classic Plus$10,000 cash-in processed per statement, $0.30 for each additional $100 cash-in processed |
Value Select$10,000 cash-in processed per statement, $.30 for each additional $100 cash-in processed |
Value SolutionsSpeak to a Treasury Services specialist |
Community Partners |
Interest-Bearing |
Value ClassicNo |
Value Classic PlusNo |
Value SelectInterest compounded daily |
Value SolutionsNo |
Community PartnersInterest compounded daily on balance of $3,000 and over |
All Accounts Include
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Personalized banking with a dedicated, local business banker
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Convenient debit cards with chip security
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Monitor your accounts, make transfers and pay bills online
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Mobile access with mobile deposit^
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Easily go paperless with electronic statements
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Overdraft protection available+
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VISA® Platinum Business Rewards Card with no annual fee*
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Access to local Treasury and Merchant Services specialists
^Your mobile carrier’s web access and text messaging charges may apply. Mobile check deposit is subject to eligibility and further review. Deposits are subject to verification and not available for immediate withdrawal. Deposit limits and other restrictions apply.
*Normal credit approval criteria apply.
+Fee applies for deposit transfers / +Coverlines require credit approval and interest rates apply.
All terms applicable to online banking apply to mobile banking.