Business Checking Options
Security State Bank is here for you – with over 120 years of banking history and experience, we understand your needs and requirements to operate your business efficiently, effectively and profitably. Our business checking accounts will be a right fit for you and your business, and you can feel confident that wherever you are with your business, our accounts are designed with conveniences and personal service to make your business run smoothly.
REGULAR BUSINESS CHECKING
Maintain a small minimum balance each month and receive FREE Business Checking!
- NO MONTHLY FEE if a minimum daily balance of $500 or average daily balance of $750 is maintained.
- A low monthly fee of only $3.00* if balance requirements are not maintained.
- UNLIMITED DEBITS AT NO CHARGE!
- Requires a $100.00 minimum opening deposit.
- If you are a Small Business and have less than 10 transactions per month, you can avoid the balance requirements for only $1.00/month.
NOW CHECKING WITH INTEREST
Put your checking account to work by earning interest on your balance!**
- Requires a $750.00 minimum opening balance.
- NO MONTHLY FEE if a minimum daily balance of $750.00 or average daily balance of $1,500.00 is maintained.
- A low monthly fee of only $5.00* if balance requirements are not maintained.
- Unlimited debits at no charge!
- Interest is compounded daily and paid monthly.
SUPER NOW ACCOUNT
Earn a higher rate for larger balances!**
- Pays a HIGHER INTEREST RATE than the NOW account!
- Requires a minimum opening balance of $2500.00.
- UNLIMITED DEBITS AT NO CHARGE!
- NO MONTHLY FEE if a minimum daily balance of $750.00 or average daily balance of $1,500.00 is maintained.
- There is only a low monthly $5.00* maintenance fee if the balance requirements are not maintained.
- If the daily balance falls below $2,500.00, the interest rate earned is at the NOW account rate.
* Fees are subject to applicable Iowa sales tax.
** Federal law prohibits For Profit Corporations from owning interest-bearing checking accounts.
| Account Name | Opening Deposit | Interest Paid | Check Writing Limits | Maintenance Fee | Additional Information |
| REGULAR BUSINESS CHECKING | $100.00 | No | Unlimited | NONE if $500.00 minimum balance or if $750.00 average daily balance is maintained ($3.00 monthly fee if balance requirements are not maintained) |
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| NOW CHECKING WITH INTEREST | $750.00 | Yes*** | Unlimited | NONE if $750.00 minimum balance or if $1,500.00 average daily balance is maintained ($5.00 monthly fee if balance requirements are not maintained) |
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| SUPER NOW CHECKING | $2,500.00 | Yes*** | Unlimited | NONE if $750.00 minimum balance or if $1,500.00 average daily balance is maintained ($5.00 monthly fee if balance requirements are not maintained) If balance drops below $2,500.00 interest rate earned is at NOW rate |
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*** For current interest rates, contact any Security State Bank staff member.
