Business Checking

Accounts That Fit the Way You Do Business

Every business handles its day-to-day finances differently. First Bank Midwest offers Spend Accounts designed for different balances, transaction activity and banking needs, so you can choose the one that best suits the way your business or organization operates.

Everyday Business Checking

Straightforward banking for everyday business needs.

Everyday Business Checking is designed for small businesses, sole proprietors and businesses looking for an easy way to manage everyday transactions.

This account may be a good fit if your business:

  • Is a small business or sole proprietorship
  • Typically has 300 or fewer transactions each month
  • Wants no monthly maintenance fee
  • Needs convenient access to everyday business banking

Account Details

  • $100 minimum to open
  • No monthly maintenance fee
  • 300 transactions included
  • $0.40 for each additional transaction
  • No minimum daily balance requirement
  • Non-interest-bearing
  • Free e-Statements
  • $5 paper statement fee
  • Free Digital Banking with customized access for unlimited users
  • Free Bill Pay
  • Free Business Debit Card
  • Treasury Management Services available

Analysis Business Account

For businesses with more complex account activity.

Analysis Business Account is designed for businesses with higher transaction volumes and more complex banking needs. A tiered earnings credit and transactional cost plan can help offset some or all of the monthly maintenance fee.

This account may be a good fit if your business:

  • Has significant or complex transaction activity
  • Uses multiple banking or Treasury Management Services
  • Wants the opportunity to offset account costs through an earnings credit
  • Needs more flexibility than a standard transaction allowance provides

Account Details

  • $100 minimum to open
  • $20 monthly maintenance fee
  • Tiered earnings credit may offset some or all of the monthly maintenance fee
  • No minimum daily balance requirement
  • No standard transaction limit
  • Transactional cost plan applies; refer to the Account Analysis Services Fee Schedule for pricing
  • Non-interest-bearing
  • Free e-Statements
  • $5 paper statement fee
  • Free Digital Banking with customized access for unlimited users
  • Free Bill Pay
  • Free Business Debit Card
  • Treasury Management Services available

Treasury Management

One (1) Treasury Management Service is available with the monthly fee waived per entity, group or customer. Choose from ACH, Merchant Capture or Wire capabilities. Per-item fees and additional service fees apply.

Community Business Account

An interest-bearing account for municipalities and nonprofit organizations.

Community Business Account gives municipalities and nonprofit organizations a straightforward way to manage funds while earning interest. There’s no monthly maintenance fee, minimum daily balance requirement or transaction limit.

This account may be a good fit if your organization:

  • Is a municipality or nonprofit
  • Wants to earn interest on account balances
  • Prefers no monthly maintenance fee
  • Wants an account without transaction limits

Account Details

  • $100 minimum to open
  • No monthly maintenance fee
  • No minimum daily balance requirement
  • No transaction limit
  • Tiered interest
  • Free e-Statements
  • $5 paper statement fee
  • Free Digital Banking with customized access for unlimited users
  • Free Bill Pay
  • Free Business Debit Card

Plus Business Account

An interest-bearing account for businesses that maintain higher balances.

Plus Business Account combines tiered interest with a higher transaction allowance. Businesses that maintain the required daily balance can also avoid the monthly maintenance fee.

This account may be a good fit if your business:

  • Typically maintains a balance of $25,000 or more
  • Wants to earn interest on its balance
  • Has up to 350 transactions each month
  • Wants access to Treasury Management Services

Account Details

  • $1,000 minimum to open
  • $15 monthly maintenance fee
  • Fee waived with a $25,000 minimum daily balance
  • 350 transactions included
  • $0.35 for each additional transaction
  • Tiered interest
  • Free e-Statements
  • $5 paper statement fee
  • Free Digital Banking with customized access for unlimited users
  • Free Bill Pay
  • Free Business Debit Card
  • Treasury Management Services available

Not Sure Which Spend Account Fits Your Business?

Consider your typical account balance, monthly transaction activity and the banking services your business uses. A First Bank Midwest business banker can help you compare the options and choose an account that fits the way you do business.