Business Checking Accounts

With a strong commitment to local commerce and the financial security of the community we serve, Freedom Bank offers local businesses a special selection of commercial products and services, including business checking accounts created for businesses of any size. Whatever your checking need, we have a business checking account that’s certain to meet it.

Small Business Checking

  • Free business checking for those businesses performing fewer than 40 checking transactions per month. If check-transaction volume exceeds 40 (checks paid/debits/deposits) in a month, a $16 service fee and a $0.25 fee for each item over the 40-item threshold will apply for the statement cycle.

Business Checking

  • Keep a $2,500 minimum average collected balance to receive an earnings credit to offset any monthly service charges or per-item fees. Earnings allowance will be set by Freedom Bank based on the 30-day average of the 90-day T-Bill Rate. To offset fees, the allowance will be applied to the average collected balance for the month.
    • Check deposit or Credit (per item):  ................. $0.25
    • Check paid or Debit (per item):  ........................ $0.25
    • Deposit Ticket:  ..................................................... $0.25
    • Maintenance charge:  .......................................... $0.25

Business NOW Interest Checking

  • Enjoy unlimited check writing and earn interest at the prevailing NOW rate with a minimum balance requirement of $5,000. If the NOW account’s average month balance falls below $5,000, a $10 service fee will be assessed for the statement cycle.

 
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