Our business checking accounts include:
Best for companies with lower volume checking activity.
None
$7 if the minimum daily balance is not met
$500 to avoid the monthly fee
First 150 transactions are free per month, then $0.40 per transaction
Best for companies with higher volume checking activity.
Earnings credit can offset monthly service charges. It is paid on the average collected balance, less than the 9.00% reserve requirement.
$15
$0.012 assessed for every $100.00 on the average daily balance.
Best for sole proprietors, community groups, and nonprofit organizations.
None
None
First 25 transactions are free per month, then $0.45 per transaction
An interest-bearing account option for nonprofit organizations.
Interest is paid on two tiers:
$7 if the minimum daily balance is not met
$2,500 to avoid the monthly fee
First 100 transactions are free per month, then $0.25 per transaction
A fast and free way to help monitor your debit card transactions and stop potential fraudulent purchases.5
Meet our experienced banking professionals dedicated to serving our clients, businesses, and local community.
Gain visibility and control to detect and stop ACH and check fraud before it impacts you and your business.
All business and nonprofit checking accounts require a $100 opening balance.
1 Some ATM networks may impose an additional surcharge unrelated to our accounts. This charge will be assessed to your account.
2 Other charges may apply to these accounts; see the separate miscellaneous fee schedule.
3 Transaction items include checks paid, withdrawals, deposit items, and electronic debits and credits (ACH or POS).
4 Interest will be compounded and paid monthly based on the daily collected balance. Refer to our deposit account rates for current rate information. At our discretion, interest may change daily. Interest begins to accrue not later than the business day we receive credit for the deposit of checks.
5 Drake Bank does not charge a fee for Fraud Text Alerts; however, standard text and data rates from your mobile carrier may apply. Messaging frequency depends on account activity.
We’re here to make your relationship with money simpler and more meaningful, helping you reach the future you’re aiming for.
You can access Online Banking through the links in our top menu.
Additionally, we encourage you to explore the new site and additional resources available under the ‘Resources’ dropdown menu.
If you have any questions or need help finding anything, feel free to contact our team.
