Value Classic Business Checking

A small business checking account that requires lower monthly transactions and lower opening balance.

Value Classic: Small Business Checking & Banking Solutions

As a leading small business bank, TowneBank offers the Value Classic account for entrepreneurs who need a small business checking account that simplifies cash flow. To further support your growth, TowneBank also offers several small business lending options for businesses looking to have additional funds when needed.

For a small business—where every penny counts—Value Classic Business Checking might be the perfect choice! Open your account with as little as $100. You get up to 150 free items per monthly statement. Pay no monthly maintenance fee as long as you maintain a $3,000 minimum daily balance. Access to free online banking. And, most importantly, you’ll have your own designated local business banker to guide you through crucial financial decisions.

Value Classic Business Checking Account Details:

  • $100 minimum opening balance
  • $3,000 daily minimum balance
  • $20 monthly maintenance fee if daily minimum balance is not met
  • 150 processed items per statement—$0.50 for each item over 150
  • Complimentary $10,000 cash-in processed per statement - $.30 for each additional $100 cash-in

Flexible Financing: Small Business Line of Credit & Equipment Loans

Empower your business with flexible financing solutions from TowneBank. Whether you need a small business line of credit to manage cash flow or equipment loans to invest in growth, we’re here to support your success. Explore our tailored options designed to meet the unique needs of your business.

All Accounts Feature

Online Banking
Monitor your accounts, make transfers and pay bills online.
Debit Card
Debit card can be added to all major digital wallets and includes Mastercard Easy Savings.**
Mobile Banking
Mobile access with mobile deposit*.
Financial Planning Tools
Access to financial planning tools such as Money Management, Quickbooks® and Quicken®^.
Paperless Statements
Option to easily go paperless with electronic statements.
Business Rewards Card
VISA® Platinum Business Card with no annual fee**.
Merchant & Treasury Services
Access to local Treasury and Merchant Services specialists.

FAQs

  • We combine the technology of a national bank--like online business banking--with the personal service and local decision-making of a community bank. You will have a dedicated banker to help you navigate financial solutions.
  • You can open a small business checking account by visiting any TowneBank office or requesting a contact through our online form. You'll just need your EIN and business formation documents when you meet with one of our bankers to open your account.
  • Yes, we provide several lending solutions, including unsecured lines of credit and revolving credit lines to help manage seasonal cash flow.
Transfers

Overdraft protection links your checking account to one of your other TowneBank deposit accounts. In the event of an overdraft, available funds will automatically be transferred from the linked account to the covered account. Overdraft protection transfer fees apply. There is no cost to link accounts, and you will only incur a fee if you use the protection.

Coverlines

Link your checking account to a pre-approved line of credit. In the event of an overdraft, funds will be transferred from your line of credit to the overdrawn account. Subject to credit approval; applicable interest rates apply.

*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. All terms applicable to Online Banking apply to Mobile Banking.

^Quicken® and Quickbooks® are registered trademarks of Intuit Inc.

*Fee applies for deposit transfers.

**Normal credit approval criteria apply.

+Coverlines require credit approval and interest rates apply.

Contact us to open your business checking account today!

We use your zip code to match your request with a local banker in your area.