Business Checking Accounts: Tailored Solutions for Every Business
Business checking accounts designed to meet the unique needs of every business type. Explore our options, compare the benefits, and schedule an appointment to find out which one is right for you.
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Value ClassicA checking account for small businesses and sole proprietors with limited monthly check transactions and deposits. |
Business Advantage CheckingA small business checking account that makes getting paid easier. |
Value Classic PlusA business checking account for small businesses and sole proprietors with a higher volume of deposits and transactions. |
Community PartnersA business checking account with unlimited check writing for non-profit organizations. |
Value SelectAn interest-bearing business checking account for non-incorporated businesses and sole proprietors. |
Value SolutionsAn analysis account with Treasury Services and a competitive Earning Credit Rate (ECR). |
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Best For |
Value ClassicSmall businesses and sole proprietors |
Business Advantage CheckingSole proprietors or small business owners with payment and accounts receivables needs. |
Value Classic PlusLarge companies that make frequent deposits and process numerous checks each month |
Community Partners501(c)3 organizations, associations, and foundations |
Value SelectNon-incorporated businesses and sole proprietors |
Value SolutionsCompanies with higher transactions and have Treasury Services needs |
Minimum Opening Balance |
Value Classic$100 |
Business Advantage Checking$100 |
Value Classic Plus$100 |
Community Partners$100 |
Value Select$100 |
Value Solutions$100 |
Required Minimum Daily Balance |
Value Classic$3,000 |
Business Advantage Checking$15,000 average balance |
Value Classic Plus$15,000 average balance |
Community PartnersNo minimum daily balance requirement |
Value Select$3,000 |
Value SolutionsBalances help offset fees in an analysis account |
Monthly Service Fees |
Value Classic$20, if minimum daily balance not met |
Business Advantage Checking$50 if average not met |
Value Classic Plus$30 if average not met |
Community PartnersNo monthly maintenance fee |
Value Select$20, if minimum daily balance not met |
Value SolutionsSpeak to a Treasury Services Specialist |
Withdrawals & Checks |
Value Classic150 processed items per statement, $0.50 for each item over 150 |
Business Advantage Checking350 processed items per statement, $0.50 for each item over 350 |
Value Classic Plus500 processed items per statement, $0.50 for each item over 500 |
Community PartnersUnlimited |
Value Select150 processed items per statement, $0.50 for each item over 150 |
Value SolutionsSpeak to a Treasury Services Specialist |
ATM/Debit Card |
Value ClassicDebit card can be added to all major digital wallets and includes Mastercard Easy Savings. |
Business Advantage CheckingDebit card can be added to all major digital wallets and includes Mastercard Easy Savings. |
Value Classic PlusDebit card can be added to all major digital wallets and includes Mastercard Easy Savings. |
Community PartnersDebit card can be added to all major digital wallets and includes Mastercard Easy Savings. |
Value SelectDebit card can be added to all major digital wallets and includes Mastercard Easy Savings. |
Value SolutionsDebit card can be added to all major digital wallets and includes Mastercard Easy Savings. |
Cash Processing Fee |
Value Classic$10,000 cash-in processed per statement, $0.30 for each additional $100 cash-in processed |
Business Advantage Checking$10,000 cash-in processed per statement, $0.30 for each additional $100 cash-in processed |
Value Classic Plus$10,000 cash-in processed per statement, $0.30 for each additional $100 cash-in processed |
Community Partners |
Value Select$10,000 cash-in processed per statement, $.30 for each additional $100 cash-in processed |
Value SolutionsSpeak to a Treasury Services specialist |
Interest-Bearing |
Value ClassicNo |
Business Advantage CheckingNo |
Value Classic PlusNo |
Community PartnersInterest compounded daily on balance of $3,000 and over |
Value SelectInterest compounded daily |
Value SolutionsNo |
Real-time Payments & Invoicing Tools |
Value ClassicAvailable at an additional cost. |
Business Advantage CheckingIncludes Zelle® for business* and Autobooks** |
Value Classic PlusAvailable at an additional cost. |
Community PartnersAvailable at an additional cost. |
Value SelectAvailable at an additional cost. |
Value SolutionsAvailable at an additional cost. |
All Accounts Include
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Personalized banking with a dedicated, local business banker
- Debit card can be added to all major digital wallets and includes Mastercard Easy Savings.
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Monitor your accounts, make transfers and pay bills online
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Mobile access with mobile deposit***
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Easily go paperless with electronic statements
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Overdraft protection available+
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VISA® Platinum Business Rewards Card with no annual fee^
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Access to local Treasury and Merchant Services specialists
*Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license. To send or receive money with Zelle®, both parties must have an eligible checking or savings account. Transactions between enrolled users typically occur in minutes. Payment requests to persons not already enrolled with Zelle® must be sent to an email address. For your protection, Zelle® should only be used to send money to friends, family, and other people or businesses you trust. Payments made with Zelle® are like sending cash and may not be able to be recovered.
**Neither TowneBank, nor any of its subsidiaries or affiliates, is affiliated with Autobooks, Inc (Autobooks). The accounting services referenced herein are provided exclusively by Autobooks and are subject to member’s agreement to Autobooks’ terms of use. Certain restrictions and fees apply. TowneBank may be entitled to receive fees from Autobooks for member’s use of accounting services. Use of accounting services from any provider, including Autobooks, is solely at the customer’s election. Autobooks may have a different Privacy and Security policy.
***Your mobile carrier’s web access and text messaging charges may apply. Mobile check deposit is subject to eligibility and further review. Deposits are subject to verification and not available for immediate withdrawal. Deposit limits and other restrictions apply.
^Normal credit approval criteria apply.
+Fee applies for deposit transfers. Coverlines require credit approval and interest rates apply.
All terms applicable to online banking apply to mobile banking.