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Business Checking

Business Checking

We offer many different types of checking accounts to fit the needs of your business. To learn more, click on the account name below.
The Prime Business Checking Account is much like Prime Checking. It provides you with the convenience of free worldwide ATMs^ and a 2.05% APY* interest rate paid to you each month on balances up to $30,000. An interest-bearing business checking account in its purest form is what you will enjoy with a Prime Business Checking account from FAB&T. This account is available to sole proprietorships and non-profit organizations. You must deposit at least $100 to open the account. 

With a Prime Business Checking Account, you will receive: 
  • Free checking
  • No minimum balance required
  • Free online banking with unlimited Bill Pay services
  • Free mobile banking
  • Free initial Mastercard debit card
  • Worldwide ATM fees refunded^
In order to qualify for your monthly interest and ATM refunds, the following three qualifications must be met during the qualification cycle: 
  • 12 debit card purchases that post and clear
  • Receive electronic statements through FAB&T online banking
  • Authorize at least one direct deposit, ACH debit, or FAB&T online Bill Payment
It's okay if you miss a month!
You will still enjoy free checking, and there's no penalty for not qualifying in a given cycle. You will earn a base 0.01% APY** and you get right back to earning 2.05% APY* and enjoying ATM refunds the next time you qualify. 

*APY = Annual Percentage Yield. APY accurate as of 2/1/19. Rate tiers are as follows: 2.05% applies to balances of $0.01-$30,000 and 0.10% APY applies to balances over $30,000 as long as qualifications are met each qualification cycle. **0.10% APY applies to all balances if qualifications are not met. Rates are variable and may change after the account is opened. Fees may reduce earnings. Qualifying transactions must post and clear the account during the qualification cycle. Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made. Intra-bank transfers do not count as qualifying ACH transactions.
^There is a maximum cap of $15 for ATM refunds.
Commercial Premier Checking is an interest-bearing account designed for individuals who maintain high balances and desire competitive interest rates. This account is available to sole proprietorships and non=profit organizations only. 

  • Earn money market rate of interest
  • Free online banking and bill pay
  • Free initial Mastercard debit card

  • Minimum amount to open is $1,000
  • Must maintain a minimum amount of $1,000 to avoid a monthly service charge of $10. 
  • A $0.50 fee will be charged per item over 200 items per month.
Our commercial checking account is available to any organization, corporation, partnership or sole proprietorship. This is a flexible choice for companies with moderate activity and higher balances. Monthly maintenance and activity fees may be offset by an earnings credit allowance. This account is designed for businesses that will exceed 100 deposit items per month. 

  • Free online banking and unlimited bill pay
  • Monthly maintenance fee of $10
  • Fee of $.10 per deposit
    Fee of $.10 per check written
  • Fee of $.07 per item deposited on us
  • Fee of $.08 per item deposited not on us
  • Fee of $.15 per incoming ACH debit
    Fee of $.15 per incoming ACH credit
Earnings credit based on the average collected balance less a 10% reserve requirement.
FAB&T understands that small and mid-sized businesses have big needs. This flexible checking account offers free online banking and bill pay to save time and money. You can concentrate on your company while we take care of the banking. This account is designed for businesses that will deposit up to 100 deposit items per month. 

  • Free online banking and unlimited bill pay
  • Monthly service fee of $10
  • Monthly service fee can be avoided by meeting one of the following qualifications:
    • Maintain minimum balance of $2,500
    • Have a business loan relationship with FAB&T
    • Have a business credit card offered through FAB&T
    • Complete 12 debit card purchases
  • A $3.00 fee will be applied for mailed paper statements 
Similar to our Entrepreneur Checking account, we support your non-profit organization with no service charge and no minimum balance.

  • Minimum amount to open is $100
  • First 200 items are free
  • Fee of $.50 per item applies after the first 200

For any additional questions about our Business Checking accounts, please contact our Client Resource Center.