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My Business Checking

A great starter account for low-volume, home-based businesses, and micro-businesses.

My Business Checking is designed for Sole Proprietors or other independently owned businesses utilizing a personal Social Security Number. This account provides an economical solution with all the essential services when you're just starting out or have limited business needs. This is a great account for those with low cash handling and transaction volumes and can help you save money while keeping your business and personal banking separate. 

My Business Checking

Minimum to Open $50
Monthly Service Charge $5 (waived with eStatement)
Debits/Checks Paid, ACH Debits & Credits, Deposited Items Includes first 50 combined items per month, then $0.38 per item
Cash Deposited Includes first $1,000 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.  

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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 $0 $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
$0 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
No charge $0.12 per debit/check
$0.15 per ACH debit/credit
$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 monthly service charges & fees
Business Debit Card
 
  • Unlimited ATM access at more than 40,000 MoneyPass® ATMs nationwide
  • Refunds for People Bank ATM Withdrawal Fees7,8
  • 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.
2 Service charge is assessed if your daily account balance falls below the minimum balance at any time during the monthly 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.
7Peoples Bank may assess a fee when utilizing a Non-Peoples Bank or Non-MoneyPass ATM.

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 October 2024
| bauerfinancial.com