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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 can save money while keeping your business and personal banking separate. 

My Business Checking

Minimum Opening Balance $50
Monthly Service Charge $5 monthly service charge. Waived when enrolled in eStatements.
Debits/Checks Paid, ACH, Items Deposited First 50 combined items included per month; then $0.38 per item
Cash Deposited First $1,000 cash deposited included 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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Call us at (800) 584-8859 or

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Compare Business Checking Accounts

Features My Business Business
Business Relationship Checking Community
Business Analysis Checking
Minimum opening balance $50 $50 $50 $50 $50
Monthly service charge $51 $102 $15 n/a $12
Minimum daily balance to avoid monthly service charge n/a $1,500 $15,000 in daily deposit balanceor
$30,000 in combined deposit balances4 or
$250,000 in combined commercial loan balances5
n/a n/a
Debits/checks paid, ACH, Items deposited First 50 combined
items included,
then $0.38 per item
First 200 combined
items included,
then $0.38 per item
First 400 combined
items included,
then $0.38 per item
n/a $0.12 per debit/check
$0.15 per ACH
$0.08 per deposited item
Cash deposited First $1,000 included,
then $0.08 per $100
First $5,000 included,
then $0.08 per $100
First $10,000
then $0.08 per $100
First $10,000
included, 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
Other features & benefits
  • Unlimited free ATM access through over 40,000 MoneyPass® ATMs nationwide
  • Waive the monthly service charge on up to five Business Essentials Checking when linked to this account and the combined balance requirement is met.
  • Same-day refundson non-Peoples Bank and non-MoneyPass® ATM fees
  • Same-day refunds6 on international transaction fees
  • Unlimited free ATM access through over 40,000 MoneyPass® ATMs nationwide
  • Earnings Credit Rate on deposit balances may offset fees
Business debit card
Online & Mobile Access
Bill Pay7

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 deposit account enrolled in the package.
Calculated by adding together the current principal balance on the last day of the qualification cycle for each loan account enrolled in the package.
Account average ledger balance cycle to date must be positive for refunds to apply. Fee will appear on your statement and then a credit will appear the same business day the transaction processed.
$5.95/month for first 10 payments; then $0.45 for each additional payment

5 Star RatingPeoples Bank is rated 5-Stars by Bauer
Rating as of June 2023