Banking for Your Business’ Everyday Needs
As a business owner, you’re balancing payroll, taxes, cash flow, and daily operations. Your bank should make managing your finances easier, not more complicated.
Efficient Financial Tools for Your Daily Operations
At Bank Midwest, we offer business accounts designed to fit how you operate. Whether you need low-cost options to minimize fees, accounts built for higher transaction volumes, or interest-earning strategies that put your balances to work, our team helps you choose what best supports your everyday goals.
With our modern digital banking tools, you can manage your accounts anytime, anywhere–saving you trips to the bank and freeing up time to focus on growing your business.
Checking
Practical Options to Support Your Everyday Business Operations
Choose from flexible business checking accounts designed to support everything from low-volume startups to high-activity operations, with tools that help you manage cash flow efficiently.
Basic Business Checking Account
Ideal for startups and smaller businesses with lower transaction volume, this account keeps things simple with predictable day-to-day banking and no monthly charges.
$100
Minimum opening deposit
$0
Minimum balance
$0
Monthly service charge*
*Up to 75 items free per statement cycle
Business Checking Account
Designed for growing businesses with steady cash flow and higher transaction needs, this account offers flexibility, with opportunities to offset monthly fees based on account balance and activity.
$100
Minimum opening deposit
$0
Minimum balance
$5
Monthly service charge*
*Can be partially or completely offset by balance and transaction activity
Business Interest Checking Account
Earn interest on your operating funds while maintaining full access to your money, with monthly fees waived for qualifying balances or commercial relationships.
$100
Minimum opening deposit
$0
Minimum balance
$10
Monthly service charge*
*Waived with $25,000 minimum balance or commercial loan in good standing
Earn interest based on your account balance:
*Annual Percentage Yields (APYs) effective as of December 19, 2025, and subject to change without notice. $100 minimum opening deposit. Fees may reduce earnings.
Savings
Thoughtful Investments for Future Business Needs
Grow your business funds, earn interest, and build a financial cushion that keeps your operation ready for the unexpected.
- Earn Interest on Idle Funds – Put excess cash to work while maintaining access when you need it.
- Support Short-Term and Long-Term Goals – Save for equipment, expansion, tax payments, or planned investments.
- Keep Funds Separate and Organized – Designate accounts for specific purposes like payroll, taxes, or emergency reserves.
- Account Sweep – Optimize your business operations by automatically moving extra funds from primary accounts to secondary investment accounts.
- Insured Cash Sweep® (ICS) Service – Move extra cash into higher-interest accounts and protect your larger deposits with built-in FDIC insurance, plus real-time tracking, reporting, unlimited withdrawals, and same-day access to your funds. ICS can be requested through treasury management services.
Your local team at Bank Midwest is ready to help you build a savings strategy that strengthens your business today and prepares you for what’s next.
Certificates of Deposit
Multiply Your Business Savings
Make your cash work harder with a fixed interest rate and guaranteed return. CDs reward you for setting money aside for a specific term, giving your business steady and reliable growth.
- Higher Return on Investment – Locked-in interest rates that are higher than typical checking or savings accounts, maximizing returns on idle funds.
- Safe & Low Risk – Federal guarantee that ensures your investment is protected against bank failures.
- Flexible Terms for Strategic Growth – Flexible terms–from a few months to several years–that allow you to align investments with your cash flow and long-term goals.
Our team can help you structure CD investments that protect your principal and support your long-term financial goals.
Health Savings Accounts
Financial Planning for Your Physical Well-Being
HSAs offer powerful tax strategies for both you and your employees. Paired with a high-deductible health insurance plan, HSA funds cover your healthcare expenses before the health insurance deductible is met. Money in your HSA rolls over year to year, giving you greater control over medical expenses.
- Triple Tax Advantage – Offers convenient tax-free withdrawals by check or debit card for qualified medical expenses
- Employee-Owned Accounts that Follow You – Each participating employee owns their own HSA, staying with them even in the event of a job change.
- Flexible Spending – Access your HSA anytime and choose how to pay for medical expenses, including doctor visits, prescriptions, dental, vision, and more.
We work with you to build a healthcare savings strategy that prepares you for today’s medical expenses and tomorrow’s healthcare needs.
Online & Mobile Banking
Convenient Solutions that Move as Fast as Your Business
Manage your business online banking anytime, anywhere. Track transactions, transfer funds, and stay on top of cash flow from home or on the go.
- Convenient Management – Manage your cash flow with ease by monitoring balances, transferring funds, and paying bills anytime, anywhere.
- Bill Pay – Simplify payments with online billing, recurring payment schedules, payment tracking, and account alerts.
- Online Statements – Save time and reduce paper clutter by viewing up to 18 months of statements online or on your mobile device.
- Mobile App – Download our app for greater flexibility in managing your finances.
- Shared Features – Included with every business checking account:
- Online & mobile banking with mobile deposit*
- Bill pay and recurring payment scheduling
- Online Statements** for convenient recordkeeping
- Business Debit Mastercard®*** with automatic rebates and merchant discounts
- Mastercard ID Theft Protection™
Bank confidently with digital tools designed to save you time, so you can focus less on transactions and more on growing your business.
*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.
***Certain restrictions and limitations apply to these and other benefits. Full details will be provided when you become a Business Debit Mastercard cardholder.
Treasury Management
Straightforward Solutions to Save Time & Money
Manage cash flow more efficiently and simplify day-to-day financial operations with treasury management tools designed to help your business save time, strengthen security, and stay focused on growth.
- Cash Management – Get liquidity solutions, wire transfers, automatic payments, account security, and dual control authorization
- Online Deposit – Streamline your operations by depositing checks online instead of driving to the bank
- Insured Cash Sweep® (ICS) Service – Protect larger balances while keeping funds accessible
- Positive Pay – Monitor and flag check and ACH transactions, stop payments, and receive real-time alerts
- Merchant Services – Enjoy increased payment flexibility and web payment options
- Business Credit Cards – Explore multiple options for businesses and nonprofits with flexible purchasing power
Our local treasury management team works with you to build customized solutions that accelerate your business.
FAQs: Business Banking at Bank Midwest
Are there any monthly fees?
Some accounts have monthly fees, while others do not. Many fees can be waived with qualifying balances or transactions. Our team can help you find the account that best fits your business and minimizes costs.
Are there any minimum balance requirements?
Most of our accounts, including small business checking accounts, have no minimum balance requirement. The only exceptions are business interest checking accounts, which may require a minimum balance unless certain conditions are met, and general savings accounts (excluding HSAs), which require a $100 minimum balance.
How quickly can I access my cash or check deposits for my business?
Most funds are available the same business day, so your funds are ready when you need them. Deposit cash or checks at one of our nearby locations, ATMs, or right from your phone with our mobile app. Our business online banking and mobile tools make it simple to manage your accounts, move money, and keep your business running smoothly–anytime, anywhere.
Is online banking secure?
Yes. Bank Midwest uses industry-standard security measures to protect your accounts and personal information. You can bank confidently online or on your mobile device, and we recommend following best practices like keeping your passwords private and monitoring your accounts regularly.
Can I link multiple accounts for my business?
Absolutely! You can link multiple business accounts through Bank Midwest for easy management. You can view balances, transfer funds, and track transactions across accounts—all in one place through one convenient dashboard.
Start Your Day with Confidence
Through every season, our team equips you with simple, smart solutions to support your commercial banking.
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