Attention – if your mortgage has escrow, the payment change for your new payment amount resulting from the annual escrow analysis is April 1, 2023. If you have questions, please contact your local banking center.

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 $.12 per debit item regardless of balance	$7 if balance falls below $100 any day of the statement cycle $.12 per debit item regardless of balance
Interest*	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

*Call your hometown banking center for current interest rates. ** Subject to credit approval.

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