Business Deposit Accounts

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Checking and Savings Accounts for Businesses

Business Checking

Business Checking is designed for businesses with a high volume of monthly transactions that need cash management services.

  • $100 deposit to open
  • Cash Management services- Payroll, Collections, ACH payments and much more!
  • Digital Deposit –Remote Capture for Businesses
  • Earnings credit calculated on average collected balance applied to monthly charges
  • Free Online Banking and Online Bill Pay
  • $8.50 monthly maintenance charge

Call or stop by Lena State Bank for full account details and disclosures.

 

Small Business Checking

Small Business Checking is the perfect account for small businesses with limited check and deposit activity.

  • $500 deposit to open
  • $500 minimum balance ($8.50 monthly service charge if not maintained)
  • Free Online Banking and Online Bill Pay
  • Limit of 100 processed items (including checks written, deposits made and deposited items) per month; $0.25 charge per item after 100

Call or stop by Lena State Bank for full account details and disclosures.

 

Basic Business Checking

Basic Business Checking provides the essentials at the right price for smaller businesses with low monthly transactions.

  • $100 deposit to open
  • No minimum required balance
  • Personal-sized checks
  • Free Online Banking and Online Bill Pay
  • Limit of 35 processed items (including checks written, deposits made and deposited items) per month; $0.15 per item after 35.

Call or stop by Lena State Bank for full account details and disclosures.

 

Business Interest Checking

Business Interest Checking is designed to fit the needs of sole proprietorships.

  • $1,000 minimum deposit to open
  • $1,000 required minimum daily balance (monthly service charge of $10 if requirement is not met)
  • Interest compounded and credited monthly with rates based on daily collected balance
  • Free Online Banking and Online Bill Pay

Call or stop by Lena State Bank for full account details and disclosures.

 

Money Market Business Investor

The Money Market Business Investor account helps business owners make the most of their account balances.

  • $2,500 minimum deposit to open
  • Unlimited in-person transactions
  • Up to six (6) debits per month, no more than three can be done by check; $10 charge per debit in excess of six
  • $10 per month charge and no interest earned if balance falls below minimum balance of $2,500
  • Interest calculated on daily collected balance and paid on the following interest tiers:
    • Tier 1: $2,500-$9,999
    • Tier 2: $10,000-$24,999
    • Tier 3: $25,000 and higher

Call or stop by Lena State Bank for full account details and disclosures.

 

Regular Savings Accounts

Regular Savings provides the essentials you need for your business savings program and is easily accessible at any time.

  • $50 minimum deposit to open
  • No service charge if balance stays at $50 or higher
  • Interest compounded and credited quarterly
  • $3 quarterly service charge if balance is between $0 and $49.99

Call or stop by Lena State Bank for full account details and disclosures.