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Business Essentials Checking

Convenience and accessibility in one great account.

Whether you’re just getting started or are already well established, you’ll enjoy the convenience and accessibility that Business Essentials Checking offers. This is a great choice for businesses conducting low to moderate transactions per month, looking for an economical checking account that provides all the features that make banking convenient.

 
 

Business Essentials Checking

Minimum to Open $50
Monthly Service Charge $10
Minimum daily balance to avoid monthly service charge $1,500
Debit/Checks Paid, ACH Debits & Credits, Deposited Items Includes first 200 combined items per month, then $0.38 per item
Cash Deposited Includes first $5,000 per month, then $0.08 per $100
Business Debit Card
Online & Mobile Banking
with Business Manager
Bill Pay
Benefits and Features:
  • Keep track of your balances with Online & Mobile Banking.
  • Transfer funds between accounts quickly and easily.
  • Pay bills in minutes, even on your smartphone.
  • Access your funds 24/7 and make purchases at millions of locations that accept Visa® with Peoples Bank Business Debit Card.
  • Unlimited ATM access at more than 40,000 MoneyPass® ATMs nationwide.

Other Services You May Wish To Consider

Business Savings or Money Market: The perfect companions to help grow your business.

Business Credit CardsFrom flexible cash rewards to expense management tools, our Visa® Business Credit Cards are packed with many features to help you manage cash flow. Select the card that's right for you today.


Refer to our Business Fee Schedule and disclosures for complete details and fee information.     

1Fee will appear on your statement and then a credit will appear on the same business day the transaction processed.

Open Your Account

Our well qualified staff will make it easy.

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Business Online Banking

Managing your business finances just got easier. With Business Manager, financial control is at your fingertips.

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Compare Business Checking Accounts

Features My Business Business
Essentials
Business Relationship Checking Community
Business
Business Analysis Checking
Minimum to Open $50 $50 $50 $50 $50
Monthly Service Charge $51 $102 $15 n/a $12
Minimum Balance to Avoid Monthly Service Charge $0 $1,500 $15,000 in daily deposit balanceor
$30,000 in combined & linked deposit balances4 or
$250,000 in combined & linked commercial loan balances5
n/a n/a
Debits/Checks Paid, ACH Debits & Credits, Deposited Items Includes first 50 combined
items per month,
then $0.38 per item
Includes first 200 combined
items per month,
then $0.38 per item
Includes first 400 combined
items per month,
then $0.38 per item
n/a $0.12 per debit/check
$0.15 per ACH
$0.08 per deposited item
Cash Deposited Includes first $1,000 per month, then $0.08 per $100 Includes first $5,000 per month, then $0.08 per $100 Includes first $10,000 per month, then $0.08 per $100 Includes first $10,000 per month, then $0.08 per $100 $0.08 per $100
Interest Bearing No No No No No
Per Deposit Fee n/a n/a n/a n/a $0.20 per deposit
Relationship Benefits
X
X
  • Waive the monthly service charge on up to five Business Essentials Checking when linked to this account and the combined balance requirement is met4
X
  • Earnings Credit Rate on deposit balances may offset fees
Business Debit Card
 
  • Unlimited ATM access at more than 40,000 MoneyPass® ATMs nationwide
  • Non-Peoples Bank & Non-MoneyPass® ATM fee refunds - up to $25 per month7
  • Refunds for international transaction fees8
Online & Mobile Access
Bill Pay6

Annual Percentage Yield (APY) on all business checking accounts is subject to change.
Monthly service charge is waived with eStatement enrollment.
Monthly service charge is assessed if your daily account balance falls below the minimum balance at any time during the statement cycle.
Uses average daily balance in primary account.
Calculated by adding together the average daily balance for each combined & linked eligible deposit account.
Calculated by adding together the current principal balance on the last day of the qualification cycle for each combined & linked eligible loan account.
First 10 payments included, then $0.65 for each additional payment.
7Month End Refund. Fee will appear on your statement and then a credit will appear on the last day of the Statement Cycle. Account Average Ledger Balance Cycle to Date must be positive for refunds to apply.
8Same Day Refund. Fee will appear on your statement and then a credit will appear the same business day as the transaction is processed. Account Average Ledger Balance Cycle to Date must be positive for refunds to apply.

5 Star RatingPeoples Bank is rated 5-Stars by Bauer
Rating as of March 2024
| bauerfinancial.com