Drake Bank Business Checking Account Comparison

Business Checking

Four commercial checking account options tailored to meet the needs of either large-volume transaction businesses or small businesses with limited checking needs.

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

Business Checking Account Comparison

Account Name	Small Business	Commercial	Community	Civic
This account is designed for...	Businesses with a small number of transactions	Businesses with high activity in checking	Sole-proprietors and smaller non-profit organizations	Non-profit organizations
It includes...	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

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

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.