Business Checking Accounts

New Millennium Bank understands your business financial needs. We offer several business checking account options. It’s easy to find one that fits your needs, with the service that makes running your business easier. It’s a new age in banking service, and there’s just no reason to bank anywhere else!

Compare our checking products

Neighborhood businesses are the cornerstone of America’s great success stories. New Millennium Bank salutes you with a checking account that’s big on service and easy on your budget, plus true neighborhood convenience!

Your business partner — right around the corner

HIGHLIGHTS

    • Minimum opening deposit of $100
    • Free of Minimum Balance Fee when you maintain a minimum daily balance of $500 or more. If your balance falls below the minimum, a $20 Minimum Balance fee applies for that statement period
    • No per-item fees on the first:
  • 50 checks paid per month
  • 25 deposit tickets per month
  • 200 items deposited per month
    • For each item processed above these limits:
  • Check Fees $0.17 per check
  • Deposit Fees $0.17 per deposit
  • Deposited Item Fees $0.17 per item
  • Business Debit Card
  • Free online banking with bill payment
  • Convenient monthly statement shows images of every check processed
  • Duplicate monthly statements available for direct mailing to your accountant, attorney, or others
  • Free employee checking account program
  • E-Statements available

PREMIUM BUSINESS CHECKING ACCOUNT

Our new Premium Business Checking provides greater flexibility for those customers maintaining balances of $50,000 or more.  No per check or per item fees will make life easier, along with being able to monitor your daily activity with our Business On-line and Positive Pay services, offered at no charge.

HIGHLIGHTS

  • Minimum opening deposit of $50,000.00
  • No monthly minimum balance fee if you maintain average daily balance of $50,000.00. Minimum balance fee of $20 will apply if daily balance falls below $50,000.00.
  • Monthly fee of $10 can be offset by earnings credit allowance
  • Business Debit Card
  • Free online banking with bill payment
  • Convenient monthly statement shows images of every check processed
  • Free employee checking account program
  • E-Statements available
  • To avoid Per items Fees: A Per items Fee will be imposed if the average daily balance falls below $50,000 for the statement cycle.
  • Per Item Fees:
  • Check Fees $0.17 per check after 25 deposits
  • Deposit Fees $0.17 per deposit after 200 deposit items
  • Deposited Item Fees $0.17 per item after 50 checks paid

This interest-bearing account provides outstanding service benefits to sole proprietorships, not-for-profit agencies and government entities. Start today and enjoy the friendly convenience of New Millennium banking.

Smart banking for sole proprietorships, not-for-profits and municipalities.

HIGHLIGHTS

  • Minimum opening deposit of $500
  • Earns interest on your daily collected balance
  • Free of Minimum Balance Fee when you maintain a daily balance of $5,000 or more. If your balance falls below the minimum, a $20 Minimum Balance
    Fee applies for that statement period
  • Business Debit Card
  • Free online banking with bill payment
  • Convenient monthly statement shows images of every check processed
  • Duplicate monthly statements available for direct mailing to your accountant, attorney or others
  • Free employee checking account program
  • E-Statements available

Stop wasting your time trying to unscramble complex escrow transactions. We can relieve your escrow account headaches so you can make the most productive use of your time.

Your time is valuable and our service is Free; a Smart Start for your Escrow Banking Needs.

HIGHLIGHTS

  • Unlimited sub-accounts
  • Add sub-accounts with a deposit slip
  • Up-to-the-minute balance information
  • View and download account activity via secure website
  • No service charges
  • No maintenance fees
  • Comprehensive monthly statement includes images of all deposits and
    checks paid
  • Year-end 1099-INT tax statements mailed directly to your clients if applicable
  • Daily fax reports available
  • One checkbook covers master and sub-accounts
  • QuickBooks® compatible checks available

New Millennium Bank understands your business financial needs. We offer several business checking account options. It's easy to find one that fits your needs, with the service that makes running your business easier. It's a new age in banking service, and there's just no reason to bank anywhere else!

Business Checking Account Comparison Chart

Neighborhood Business Checking Premium Business Checking Business Interest* Checking
Minimum Opening Deposit $100 $50,000 $500
Daily Minimum Balance to Avoid Fees $500 $50,000 $5,000
Minimum Balance Fee $20 $20 $20
Monthly Fee $0 $0 $0
Per Item Fees Deposit $0.17 after 25 deposit,

Deposited Item $0.17 after 200 deposited items

Check $0.17 after 50 checks

 Can be waived to maintain Average daily balance $50,000

Deposit $0.17 after 25 deposit, Deposited Item $0.17 after 200 deposited items

Check $0.17 after 50 checks

 N/A
ATM Fees NO Fees by NMB NO Fees by NMB NO Fees by NMB
Debit Card FREE FREE FREE
Online Banking FREE FREE FREE
Online Bill Payment FREE FREE FREE
Member FDIC A fee for paying overdrafts and/or a fee for returning overdrafts may apply. Fees may reduce earnings.

Grow your business with an affordable, easy business loan

If you’re planning to start a business or expand an existing business, you might need financing help. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan.