Business Accounts

State Bank business accounts offer you the options you need without the complicated per item fees that many banks charge.  Keep a low minimum balance in your account and enjoy the many free banking services available to you.

  

Business Checking 

Get the process started by completing our Business New Account Application.

All Checking Accounts Include These Free Benefits:

  • Instant Issue EMV Chip MasterCard Debit Card
  • Online Banking
  • Bill Pay
  • Mobile Banking
  • Text Banking
  • Telephone Banking
  • Night Drop Service
  • Account Alerts
  • eStatements
  • Card Control
  • Direct Deposit
  • Overdraft Privilege**
  • Notary Service
 AccountsPlatinum Business Simply Business
Compare Our Checking Options 

Earns Interest

0.17% APY* 

No 

Minimum Balance

$2,500 minimum daily balance 

$1,000 minimum daily balance 

Monthly Service Fee

$15

$15 

Per Item Fees

$0 Unlimited Transactions  

$0 Unlimited Transactions  

Paper Statement

$3

$3 

Fee Waiver

No $15 Service Fee if daily balance is met.
Opt for eStatements to avoid a $3 fee. 

No $15 Service Fee if daily balance is met.
Opt for eStatements to avoid a $3 fee. 

Minimum to Open

$50 

$50 

Account approval, qualifications, limits and other requirements apply.
*Annual Percentage Yield (APY) effective as of April 27, 2015.  Rates are subject to change after account is opened.  Fees could reduce Earnings.
**Must register in advance and qualify for Overdraft Privilege and Mobile Deposit. There is a per-item overdraft charge.

Business Savings

Features

  • 0.25% APY
  • $1 minimum balance fee waived on balances over $100
  • Limited to no more than six electronic debits (via telephone or internet) per month.*
  • Interest compounded quarterly
  • $100 minimum opening deposit

*During any month you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a pre-authorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.

Free Benefits with Savings and Money Market Accounts

  • Mobile Banking
  • Online Banking
  • Bill Pay
  • Text Banking
  • Telephone Banking
  • Account Alerts
  • E-Statements
  • Night Drop Service 
  • Direct Deposit
  • Notary Service

Business Money Market 

*During any calendar month or statement cycle of at least four weeks, you may not make more than six pre-authorized or automatic withdrawals/covered transfers per month.  If you exceed these limitations in any statement period, your account will be subject to closure by the bank.  Fees and Charges – The following fees and charges apply to this account – Per Item Fees – A per item charge of $15 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a statement cycle.

Certificates of Deposit (CDs) 

  • Competitive fixed rates
  • Variety of terms available
  • Invest locally and support your community
  • FDIC Insured 

Health Savings Accounts (HSA) 

  • Great companion account for employer-sponsored health plans
  • Easy to access funds with Instant Issue Debit Card
  • Use for qualified medical expenses
  • Free Online Banking
  • No opening or annual fees

Eligibility

You are eligible to make or receive an HSA regular contribution if, with respect to any month, you:

  • Are covered under a high-deductible health plan (HDHP) on the first day of the month; Are not also covered by any other health plan that is not an HDHP (with certain exceptions for plans providing preventive care and limited types of permitted insurance and permitted coverage);
  • Are not enrolled in Medicare; and
  • Cannot be claimed as a dependent on another person's tax return
 

 

Have Questions?

Speak to a Customer Service Representative at any of our locations to learn more about our checking services 

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