Checking and Savings Accounts for Your Business
Sherburne State Bank offers many different business checking and savings account options. Contact us today to set up an account that best suits your business.
Checking and Savings Accounts for Your Business
Business Checking and Savings
You choose a checking account that fits the needs of your business. We also have accounts that pay you interest so you can earn more on your dollar.
Small Business Advantage Checking
- NO minimum balance required ($100.00 initial deposit)
- FREE Internet Banking
- FREE internet bill pay
- FREE Sherburne Telebank access
- Internet Cash Management available
- FREE first 150 items processed through account per month (combination of deposits and debits,
either by check or electronically); then $0.25 per item - Debit / ATM card available at no initial charge
- $5.00 monthly fee for images of cancelled check with bank statement
Business Checking
- NO minimum balance required ($100.00 initial deposit)
- FREE Internet Banking
- Internet Cash Management available
- FREE Sherburne Telebank access
- FREE first 100 non “on-us” deposited items; then $0.05 service charge per item
- Debit / ATM card available at no initial charge
- Earnings credit on daily balance
- Receive images of cancelled checks with bank statement
- FREE internet bill pay
- Low monthly maintenance fee of $8.00
- Low service charge per debit and check of $0.15 after the first 40
Business PLUS (Available to non-profit organizations and sole proprietors only)
- NO minimum balance required ($500.00 initial deposit)
- FREE Internet Banking
- Internet Cash Management available
- FREE Sherburne Telebank access
- FREE first 100 non “on-us” deposited items; then $0.05 per item
- Debit / ATM card available at no initial charge
- Receive images of cancelled checks with bank statement
- FREE internet bill pay
- Low monthly maintenance fee of $2.00
- Low service charge per debit and check of $0.15
- $500.00 minimum daily balance requirement – A monthly service charge of $10.00 will be collected
if the balance falls below $500.00 any day of the cycle. - Interest bearing at a variable rate on the daily collected balances, compounded and credited monthly.
- The interest rate may change and is subject to change on a daily basis. Fees may affect earnings.
Business Savings Account
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$100 initial deposit required to open account
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A service charge of $5 will be imposed each statement cycle (monthly) for which the balance of this account falls below $100 any day of the cycle.
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A service charge of $0.25 will be charged for each withdrawal in excess of four during a month.
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