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Sturgis Bank

Business Checking Accounts

Essential for Business Growth

Whether you’re launching a new business or want to upgrade some of your company’s financial services, Sturgis Bank has a checking account that will meet your needs.

Our business checking accounts:

  • Integrate easily with your operation’s accounting and budgeting software
  • Offer business-specific features like merchant services and direct deposit
  • Have superior customer service support

We offer business checking account options for large companies, small businesses, and non-profit organizations. You’ll find an overview of each type of account in the table below. 

If you’re ready to open a business checking account or would like to discuss which account best fits your needs, contact our Business Development Office today. Set a firm foundation for success with Sturgis Bank.

 

Corporate Checking

Corporations, Limited Liability Companies, Professional Limited Liability Companies, Limited Liability Partnerships, General Partnerships, Professional Corporations and Estates

Small Business Checking

Businesses with minimal account activity

Sole Proprietorship Checking

Individual or unincorporated person

Civic Religious Charitable Checking

Civic, Church, Religious, Non-profit Organization or Affiliated Civic, Religious, Charity, Non-profit Organization

Municipal School Checking

Public Funds, State, County, Township, City or Village Governmental Entity or Schools.

Features Corporate Checking Small Business Checking Sole Proprietorship Checking Civic Religious Charitable Checking Municipal School Checking

Opening Deposit

$100

$100

$100

$100

$100

Minimum Balance to Avoid Service Fee

Maintain an average ledger balance sufficient to offset service and debit fees

Maintain 100 or less debit transaction items (checks written) to avoid a transaction fee

Maintain a $100 minimum daily ledger balance

Maintain a $100 minimum daily ledger balance

Maintain a $100 minimum daily ledger balance

Monthly Service Fee

$4 plus $.12 per debit item, this fee can be offset by an earnings credit calculated at a variable earning rate on 100% of the average ledger balance per statement cycle.

$.10 per debit item for items 100 through 200

$.16 per debit item for items exceeding 201

$7 if balance falls below $100 any day of the statement cycle

$.12 per debit item regardless of balance

$7 if balance falls below $100 any day of the statement cycle

$7 if balance falls below $100 any day of the statement cycle

$.12 per debit item regardless of balance

Interest - Check Rates

No

No

Yes

Yes

Yes

Visa® Business Check Card*

Yes

Yes

Yes

Yes

Yes

Internet Banking & Billpay

Yes

Yes

Yes

Yes

Yes

Telebank

Yes, Inquiry Only

Yes, Inquiry Only

Yes, Inquiry Only

Yes, Inquiry Only

Yes, Inquiry Only

Merchant Services

Yes

Yes

Yes

Yes

Yes

eStatements

Available

Available

Available

Available

Available

Contact Us

Corporate Checking

Opening Deposit $100

Minimum Balance to Avoid Service Fee
Maintain an average ledger balance sufficient to offset service and debit fees

Monthly Service Fee
$4 plus $.12 per debit item, this fee can be offset by an earnings credit calculated at a variable earning rate on 100% of the average ledger balance per statement cycle.

Interest - Check Rates No

Visa® Business Check Card* Yes

Internet Banking & Billpay Yes

Telebank Yes, Inquiry Only

Merchant Services Yes

eStatements Available

Small Business Checking

Opening Deposit $100

Minimum Balance to Avoid Service Fee
Maintain 100 or less debit transaction items (checks written) to avoid a transaction fee

Monthly Service Fee
$.10 per debit item for items 100 through 200 $.16 per debit item for items exceeding 201

Interest - Check Rates No

Visa® Business Check Card* Yes

Internet Banking & Billpay Yes

Telebank Yes, Inquiry Only

Merchant Services Yes

eStatements Available

Sole Proprietorship Checking

Opening Deposit $100

Minimum Balance to Avoid Service Fee
Maintain a $100 minimum daily ledger balance

Monthly Service Fee
$7 if balance falls below $100 any day of the statement cycle $.12 per debit item regardless of balance

Interest - Check Rates Yes

Visa® Business Check Card* Yes

Internet Banking & Billpay Yes

Telebank Yes, Inquiry Only

Merchant Services Yes

eStatements Available

Civic Religious Charitable Checking

Opening Deposit $100

Minimum Balance to Avoid Service Fee
Maintain a $100 minimum daily ledger balance

Monthly Service Fee
$7 if balance falls below $100 any day of the statement cycle

Interest - Check Rates Yes

Visa® Business Check Card* Yes

Internet Banking & Billpay Yes

Telebank Yes, Inquiry Only

Merchant Services Yes

eStatements Available

Municipal School Checking

Opening Deposit $100

Minimum Balance to Avoid Service Fee
Maintain a $100 minimum daily ledger balance

Monthly Service Fee
$7 if balance falls below $100 any day of the statement cycle $.12 per debit item regardless of balance

Interest - Check Rates Yes

Visa® Business Check Card* Yes

Internet Banking & Billpay Yes

Telebank Yes, Inquiry Only

Merchant Services Yes

eStatements Available

 

Contact Us

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