Business Checking Accounts
At Altabank, we know that small businesses can be complex, but that doesn’t mean your checking account has to be.
Compare Our BizSmart™ Accounts
Our suite of business checking accounts has been designed with companies like yours in mind. We offer simple online banking and low fees for small businesses, powerful cash management for larger companies, and high-interest checking accounts for generating interest. Compare our BizSmart™ accounts below.
|Features||BizSmart™ SMALL BUSINESS||BizSmart™ COMMERCIAL||BizSmart™ INTEREST|
|Recommended if you are...||An owner of a small business and need a simple checking account to run your business.||An owner of a mid-sized to large business with high transaction volumes and cash-management needs.||A business owner who wants an interest-bearing account.|
|Minimum to open||$100||$100||$3,000|
|No below-minimum- balance fee if you maintain a daily balance of||N/A||$500||$3,000 (or average monthly balance of $6,000)|
|Monthly below-minimum balance fee||N/A||$7||$15|
|Over-item charge||.10 per item (201–300 items) Over 300 converts to analyzed‡||Over 300 converts to analyzed‡||.10 per item (201–300 items) Over 300 converts to analyzed‡|
|Extra benefits||Reduced fees for remote deposit service First six months: Only $1 per month for ExpressDeposit™ scanner* After six months, may receive preferred pricing on a small business line of credit; Discount on initial check order†||Higher balances earn a higher interest rate.|
*After first six months, $25 monthly fee for one account associated with the ExpressDeposit remote deposit service will apply
† Discount equivalent to the cost of one box of Altabank-logoed single-copy checks
‡ Additional fees apply to analyzed accounts. Earn credit on account balances to offset fees.
Easy-to-use online banking portal
24/7 account support
Fraud prevention services
Low ATM withdrawal fees
Business Checking FAQs
To open a new business checking account, you will need:
- Proof of business ownership and tax ID number. Specific requirements may vary based on your type of business, so call your local branch ahead of time if you have questions.
- Personal Identification, such as a driver’s license.
- Cash or check for the account’s minimum to open.
Bring the proper documentation to any Altabank branch and a team member will help you set up a new business checking account. Pair your new checking account with a Business Savings Account from Altabank to make the most of your balance.
Use the comparison table above for information on each of Altabank’s business checking accounts, or an Altabank team member can help you make an informed decision over the phone or in person. And don’t worry, we can help you switch your account to a different type of BizSmart™ checking account as your business needs change.
Other Business Services
Collect money on-site, online or remotely with Altabank’s receivables solutions that allow for fast processing and reduced administrative overhead.
Send money or spend money in the most efficient way possible with ACH, wires, online bill pay and Visa® cards.
Information & Cash Flow Management
Maintain liquidity and mitigate risk with insightful data and powerful automated tools.