Compare our checking products
HIGHLIGHTS
- Minimum opening deposit of $100
- Earnings credit offsets monthly fees and is based on your monthly average collected balance. Earnings credit rate is calculated at 0.25% above the Business Interest Checking Account rate
- 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
- Duplicate monthly statements available for direct mailing to your accountant, attorney, or others
- Free employee checking account program
- E-Statements available
- Per Item Fees: (Can be offset by earnings credit allowance)
- Check Fees $0.17 per check
- Deposit Fees $0.17 per deposit
- Deposited Item Fees $0.17 per item
- 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
- 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
- Full branch service daily from 8:30 am to 5:00 pm
- Daily fax reports available
- One checkbook covers master and sub-accounts
- QuickBooks® compatible checks available
- 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
Business Checking Account Comparison Chart
New Millennium Business Checking | Business Interest* Checking | Neighborhood Business Checking | |
Minimum Opening Deposit | $100 | $500 | $100 |
Daily Minimum Balance to Avoid Fees | Earnings Credit Account | $5,000 | $500 |
Minimum Balance Fee | $0 | $20 | $20 |
Monthly Fee | $10 can be offset by earnings credit allowance | $0 | $0 |
Per Item Fees | Can be offset by earnings credit allowance • Check Fees $0.17 • Deposit Fees $0.17 • Deposited Item Fees $0.17 | N/A | First 50 checks, 25 deposit tickets and 200 items deposited per month no per item fees; over these limits: • Check Fees $0.17 • Deposit Fees $0.17 • Deposited Item Fees $0.17 |
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. |