Business Banking
We have accounts to fit any business.
From a low-cost option for companies that want to avoid fees, to an account for high-transaction volume, or an interest-earning account that rewards high balances.
Basic Business CheckingIf you have low transaction volume and want low cost
- $100 minimum opening deposit
- No minimum balance requirement
- No monthly service change
- Up to 75 items free per statement cycle
Business CheckingHandle high-volume transactions and reduce or eliminate fees
- $100 minimum opening deposit
- No minimum balance requirement
- $5 monthly service charge which can be partially or completely offset by balance and transaction activity
Business Interest CheckingIf you have moderate transaction volume and want to earn interest
- No minimum opening deposit or balance
- $10 monthly service charge unless there is a minimum balance of $25,000 or commercial loan with us in good standing
- Automatically earn interest based on your account balance
Business Interest Checking
Business Interest Checking is built to reward people like you who have a passion for what they do, care about the future, and make wise business decisions.
- RATE0.75%APY*0.75%
$0–24,999
- RATE0.85%APY*0.75-0.83%
$25,000–99,999
- RATE0.95%APY*0.83-0.90%
$100,000–249,999
- RATE1.40%APY*0.90-1.16%
$250,000–499,999
- RATE1.75%APY*1.16-1.73%
$500,000.00+
*Annual Percentage Yields (APYs) effective as of October 1, 2023, and subject to change without notice. Fees may reduce earnings.
Free Account Features
- Mastercard® debit card
- Online banking
- Mobile banking and mobile deposit*
- Bill pay
- Online statements**
*There is no fee from Bank Midwest. Connectivity and usage rates may apply. Contact your wireless provider for more details.
**Paper statements optional for $3 per month.
Other business services available:
- Cash Management — a fully integrated desktop and mobile solution for tracking cash flow, ACH or wire payments, payroll and more.
- Online Deposit — convenient check scanning from your computer
- Web Payments — let your customers pay you online
- Merchant Card Services — accept card payments
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