Business Checking



  Small Business Commercial Community Civic
Description Businesses with a small number of transactions Businesses with high activity in checking Sole-proprietors and smaller non-profit organizations Non-profit organizations
Benefits Online banking
No-fee cashiers chks
Paper or e-stmts
Bank-by-Phone
Online banking
No-fee cashiers chks
Paper or e-stmts
Bank-by-Phone
Earnings credit
Online banking
No-fee cashiers chks
Paper or e-stmts
Bank-by-Phone
Online banking
No-fee cashiers chks
Paper or e-stmts
Bank-by-Phone
Minimum Balance  $500.00 in any combination of Drake business deposits or loan balances No minimum No minimum $2,500.00 in average
collected funds
Maintenance
Charge/Month
None, or $7.00 if
below minimum
$15.00
None None, or $7.00 if
below minimum
Activity Charges* 100 free transactions per month, then 40¢ per transaction  20¢ per debit;
40¢ per credit;
per deposited item:
5¢ on us; 11¢ others
Note: the earnings credit will reduce fees
25 free transactions per month; then 45¢ per transaction 100 free transactions per month; then 25¢ per transaction

Drake Bank Order Checks Online

NOTE: $100 minimum opening deposit required for all accounts.
* Please see the miscellaneous fee schedule for other charges that may apply to these accounts.

We also offer - business credit cards, merchant services, cash management, and remote capture products.

Important information about procedures for opening a new account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.