|Small Business Checking1||Business Checking Account Analysis1||Basic Business Checking1||Community Investment NOW1 4||Public Funds Checking1||IOLTA NOW Account14||Community Tiered Money Market||Public Funds Tiered Money Market|
|Minimum Balance to Open||$100||$100||$100||$100||N/A||$100||$100||N/A|
|Minimum Balance to Avoid Fees||N/A||N/A||$5,000||$1,000||N/A||N/A||$2,500||N/A|
|Minimum Balance to Earn Interest||N/A||N/A||N/A||$1,000||N/A||N/A||$2,500||$2,500|
|Fee Per Item||First 200 items free. $0.25 per item over 200.||Refer to Treasury Services||First 400 items free. $0.25 per item over 400.||N/A||Refer to Treasury Services||N/A||N/A||N/A|
|Overdraft Privilege Limit³||$1,000||N/A||$1,000||$1,000||N/A||N/A||N/A||N/A|
|Miscellaneous||Cash deposit: $2 per $1,000 cash handling fee after first $11,000 per day.||N/A||Cash deposit: $2 per $1,000 cash handling fee after first $11,000 per day.||Available to Consumers, Sole Proprietors and Non-Profit only.||N/A||N/A||Max 6 not-in-person payments/ withdrawals. $20 per transaction fee in excess of 6 during a statement cycle.||Max 6 not-in-person payments/ withdrawals. $20 per transaction fee in excess of 6 during a statement cycle.|
Whether you have a new business or you're a well-established company, it's never too early or too late to set up a separate business checking account. And CommunityBank of Texas is here to help. With our business bank accounts, you can find the account that works for you and start bringing in your revenue.
Why Choose a Business Account?
Many small-business owners may wonder if they truly need a separate account for their company. We have worked with countless businesses and have seen the benefits a business account offers:
Improved image: With an established business bank account, you can present an image of professionalism and authority. A business working out of a personal account may send the message that it is not fully established or developed.
Less confusion: With a separate account for business transactions, you don't have to worry about combing through your account to separate expenses. All your income and expenses will be easy to find in a dedicated account.
More access: Once you add a second or third partner or financial advisor to your company, a separate account is crucial. This allows others access to the business's finances while protecting your personal checking account.
Versatile payments: If you want to accept credit cards, you must have a business checking account. And since most people pay with credit cards, one of our business checking accounts can ensure you can reach a wide range of customers.
No matter how new or old your business is, we can help you choose the right account to streamline your finances and increase revenue. A business account can help your business succeed and run more smoothly.
If you want to work with an attentive bank that strives to increase customer satisfaction, call CommunityBank of Texas today at 866.427.9306.
1 Subaccount Organization. We have organized your account in a nontraditional way. Your account consists of two subaccounts. One of these accounts is a transaction subaccount (e.g., a checking subaccount). You will transact business on this subaccount. The other is a nontransaction subaccount (e.g., a savings account). You cannot directly access the nontransaction subaccount, but you agree that we may automatically, and without a specific request from you, initiate individual transfers of funds between subaccounts from time to time at no cost to you. This account organization will not change the amount of federal deposit insurance available to you, your available balance, the information on your periodic statements, or the interest calculation, if this is an interest-bearing account. You will not see any difference between the way your account operates and the way a traditionally organized account operates, but this organization makes us more efficient and helps to keep costs down. 2 This is a variable rate product. Please call the bank for details. 3 You will be charged our OD Paid Item Fee of $35 for each overdrawn item created by check, a teller withdrawal, an automatic payment (ACH) transaction or recurring VISA® check card payment. All negative balances must be brought positive within 30 days. Bank reserves the right not to pay item(s) if an account is not kept in good standing. Alternatives to cover overdrafts include a link to your savings account or a line of credit. If you have any questions, please call the bank at 1-866-552-6668 for details. Also, if you request us to do so, we may authorize and cover ATM transfers or withdrawals and everyday VISA® check card purchases.See Bounce Protection Overdraft Policy for complete details. 4 We may require not less than 7 days notice in writing before each withdrawal from an interest-bearing account, other than a time deposit or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.