MB Business Checking Accounts Comparison Chart

Accounts & Features Basic Business Checking Premium Business Checking Interest Checking Non-Profit Checking
Which checking
account is right
for your business?
Designed for the business or professional customer with limited check and deposit activity. Designed for the business customer with high volume check and deposit activity. Designed for sole proprietors, nonprofit organizations and government agencies who maintain a higher balance and want to earn interest on deposits. Designed for non-profit clubs and organizations who maintain a low monthly balance or who have limited check and deposit activity.
Minimum /Average
Balance
Requirement
Monthly average balance of $1,000. Minimum daily balance of $5,000 or you may go below the minimum daily balance but you must maintain a monthly average balance of $10,000. Minimum daily balance of $5,000 or you may go below the minimum daily balance but you must maintain a monthly average balance of $10,000. None
Monthly Fee No monthly fee if you maintain the above balance requirement. Otherwise $15. No monthly fee if you maintain the above balance requirement. Otherwise $15. No monthly fee if you maintain the above balance requirement. Otherwise $15. None
Transaction Limit 200 FREE combined items paid or deposited per statement cycle. ($0.35 per item thereafter). 400 FREE combined items paid or deposited per statement cycle. ($0.35 per item thereafter). 400 FREE combined items paid or deposited per statement cycle. ($0.35 per item thereafter). 200 FREE combined items paid or deposited per statement cycle. ($0.35 per item thereafter).
Business Online Banking FREE Cash Management* with estatements, otherwise $15 monthly. FREE Cash Management* with estatements, otherwise $15 monthly. FREE Cash Management* with estatements, otherwise $15 monthly. FREE Cash Management* with estatements, otherwise $15 monthly.
Bill Pay FREE first three months.
($6.95 per month thereafter).
FREE - Unlimited Bill Payments. FREE - Unlimited Bill Payments. FREE first three months.
($6.95 per month thereafter).
Interest Bearing No No

Yes

Tiered interest rates that may increase
with account balance.

No
Business Loan Services Lines of Credit, Commercial Real Estate Loans, Construction Loans, and Business Term Loans (subject to credit approval).
See
Branch Manager
For Additional
Services
Available
Checking Account Analysis is available for those who have high activity.
Merchant Credit Card Processing Services.
*ACH, Wire Services, along with the ability to customize security levels. Web Connect to Intuit QuickBooks.
Business Sweep Accounts
Zero Balance Account with linked account(s).
Corporate Employee Accounts.
Public Funds (Act 72 Compliant).
Escrow Management Services.
Remote Deposit Capture (RDC) for qualifying customers.
Business Super Money Market Accounts.
Interest on Lawyer Trust Accounts (IOLTA).