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.

Oak Business Checking

Businesses with minimal account activity

Corporate Checking*

Any business, not for profit organization, or estate

Premium Business Checking

Any business, not for profit organization, or estate seeking interest

	Oak Business Checking	Corporate Checking*	Premium Business Checking
Minimum Opening Deposit	$100	$100	$100
Minimum Balance to Avoid Service Fee	Maintain 100 or less debit items to avoid transaction fee	Maintain an average balance sufficient to offset service and debit fees	Maintain $100 average balance
Monthly Service Charge	$0.10 per debit item for items 100-200 $0.16 per debit item for 201 or more items	$4 plus $0.12 per debit item. This fee can be offset by an earning credit calculated at a variable earning rate on 100% of the average balance per statement cycle	$7 if balance falls below $100
Qualifications	Businesses with minimal account activity	Any business, not for profit organization, or estate	Any business, not for profit organization, or estate seeking interest
Interest	No	No	Yes, tiered interest rate
Related Services	Business eBanking - Business Bill Pay - Mobile Banking - Merchant Services (available through affiliate) Treasury Management - Visa® Business Check Card**

Oak Business Checking
Opening Deposit $100
Minimum Balance to Avoid Service Fee Maintain 100 or less debit items to avoid transaction fee
Monthly Service Fee $0.10 per debit item for items 100-200 $0.16 per debit item for 201 or more items
Qualifications Businesses with minimal account activity
Interest No
Related Services Business eBanking - Business Bill Pay - Mobile Banking - Merchant Services (available through affiliate) Treasury Management - Visa® Business Check Card**

Corporate Checking*
Opening Deposit $100
Minimum Balance to Avoid Service Fee Maintain an average balance sufficient to offset service and debit fees
Monthly Service Fee $4 plus $0.12 per debit item. This fee can be offset by an earning credit calculated at a variable earning rate on 100% of the average balance per statement cycle
Qualifications Corporations, LLCs, PLLCs, LLPs, Partnerships, Prof. Corporations & Estates
Interest No
Related Services Business eBanking - Business Bill Pay - Mobile Banking - Merchant Services (available through affiliate) Treasury Management - Visa® Business Check Card**

Premium Business Checking
Opening Deposit $100
Minimum Balance to Avoid Service Fee Maintain $100 average balance
Monthly Service Fee $7 if balance falls below $100
Qualifications Individual or unincorporated persons; Civic, Church, Religious, or Non-Profit organizations; Municipalities
Interest Yes, tiered interest rate
Related Services Business eBanking - Business Bill Pay - Mobile Banking - Merchant Services (available through affiliate) Treasury Management - Visa® Business Check Card**

*If the entity provides check cashing services to their customers, the Bank may assess a $100 monthly fee for account review
**Subject to credit approval