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Business Checking

At Altabank, we know that small businesses can be complex, but that doesn’t mean your checking account has to be.

Every New Business Checking Account includes:

  • FREE VISA® Debit Card
  • FREE Basic Online Banking & Bill Pay
  • FREE eStatements
Compare Our Business Accounts
Our suite of business checking accounts has been designed with companies like yours in mind. We offer simple online banking and low fees for small businesses, powerful cash management for larger companies, and high-interest checking accounts for generating interest. Compare our accounts below.


Features Totally Free Business Checking Simply Business Checking Commercial Checking
Minimum to Open $0 $0 $0
Free Items Per Statement Cycle

0 - 200 FREE items

 

 No excess item fee

0 - 500 FREE items


Excess item fee $0.50

per item over 500

All items:

$0.25/Credit

$0.10/Debit

$0.10/Deposited Item

May be eligible for earnings credit

Free Cash/Coin Deposits, Withdrawals
and Changes Orders Per Statement Cycle

$10,000

No excess item fee

$10,000

 Excess cash fee of 0.12% for cash over $10,000





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

Simply Business Checking

  • No minimum balance
  • No monthly service charge
  • 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

Commercial Checking

  • Monthly maintenance fee, plus account activity fees for debits, credits, deposited checks, and cash
  • May be 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.


Business Checking FAQs

To open a new business checking account, you will need:

  • Proof of business ownership and tax ID number. Specific requirements may vary based on your type of business, so call your local branch ahead of time if you have questions.
  • Personal Identification, such as a driver’s license.
Bring the proper documentation to any Altabank branch and a team member will help you set up a new business checking account. Pair your new checking account with a Business Savings Account from Altabank to make the most of your balance.
Use the comparison table above for information on each of Altabank’s business checking accounts, or an Altabank team member can help you make an informed decision over the phone or in person. And don’t worry, we can help you switch your account to a different type of checking account as your business needs change.







Other Business Services

Receivables
Collect money on-site, online or remotely with Altabank’s receivables solutions that allow for fast processing and reduced administrative overhead.

Payments
Send money or spend money in the most efficient way possible with ACH, wires, online bill pay and Visa® cards.

Information & Cash Flow Management
Maintain liquidity and mitigate risk with insightful data and powerful automated tools.


Additional documents and/or state registration may also be required. Contact us at 1-800-815-2265 for further information.