Value Select Business Checking

An interest-bearing checking account designed for sole proprietors and unincorporated businesses.

Value Select: Interest-Bearing Business Checking & Banking

For unincorporated businesses seeking to grow their balances, Value Select provides an interest-bearing business checking account that rewards your success. This account is the ideal foundation for managing cash flow.

Value Select is an interest-bearing business checking account available to unincorporated businesses. In addition to checking account benefits you also get a designated, local banker who can guide you through financial decisions to help you and your business grow to serve the community where you live and work. 

Value Select Account Details:

  • $100 minimum opening balance
  • $3,000 minimum daily balance 
  • $20 maintenance fee if minimum not met
  • 150 processed items per statement — $.50 for each item over 150
  • $10,000 cash-in processed per statement — $.30 for each additional $100 cash-in

Enhancing Your Working Capital with Interest & Strategic Lending

Efficiently managing cash flow means making your money work for you even when it’s sitting in your account. Beyond earning interest, Value Select members have a direct line to business lending expertise. Whether you need an unsecured line of credit to bridge seasonal gaps or a business installment loan for a planned purchase, we help you leverage your balances into growth opportunities.

All Accounts Include

Online & Mobile Banking
Monitor your accounts, make transfers and pay bills online and on mobile*.
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.
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.

FAQs

  • Value Select is specifically available for unincorporated businesses, such as sole proprietorships and partnerships. It is also an excellent option for managing specialized escrow accounts.
  • Through our Merchant Services, you can integrate payment processing to accept client payments on-site or online, with all funds depositing directly into your business checking account.
  • As an interest-bearing checking account for small business, Value Select allows your daily balance to earn a competitive rate, helping you grow your capital while maintaining full liquidity for daily operations.

*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.

**Normal credit approval criteria apply.

+Fee applies for deposit transfers.

+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.