Business Checking Accounts
Money management made easyIt’s your Advantage
Better Business Checking Gives You the Advantage
Whether your business is big, small, or growing, we have a Business Checking Account to meet your goals at any stage.
Benefits
All of our checking accounts offer:
Free ATM access
Get access to over 65,000+ fee free ATMs nationwide* so you can get cash where you need it.
Free Debit Mastercard
Each account comes with a free Debit Mastercard with no annual fee and purchase protection.
Online & Mobile Banking
All our accounts offer free Online and Mobile Banking for easy access no matter where you are.
Compare Our Business Checking Accounts
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Best For
Best For
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Monthly Fee
Monthly Fee
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Pays Dividends
Pays Dividends
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Minimum Opening Deposit
Minimum Opening Deposit
Premier Business Checking
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Best For
Businesses with larger transaction volumns
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Monthly Fee
No – With $2,500 Average Daily Balance
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Pays Dividends
Yes – $2,500 Average Daily Balance required to earn dividends
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Minimum Opening Deposit
$0
Advantage Business Checking
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Best For
Businesses that are just starting out
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Monthly Fee
No – With $1,000 Average Daily Balance
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Pays Dividends
Yes – $1,000 Average Daily Balance required to earn dividends
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Minimum Opening Deposit
$0
Nonprofit Business Checking
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Best For
Nonprofits and Civic Organizations
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Monthly Fee
No – never
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Pays Dividends
Yes – $1,000 Average Daily Balance required to earn dividends
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Minimum Opening Deposit
$0
Report Fraud or Lost/Stolen Cards
Do you suspect that your information was stolen, was your card lost, or has your information been compromised? Please contact us immediately:
1st Advantage Debit Cards
- Report fraud, a lost/stolen card, or to re-pin your 1st Advantage Debit Card: 833-719-0355
1st Advantage Account
- If you suspect that your 1st Advantage account has been compromised, contact us immediately at 757-877-2444.

Contact Our Business Team
Contact Paul Szabo or Erica Carson today to discuss the ways that 1st Advantage can help your business thrive.


Today's Rates
Account Type |
Dividend Rate |
APY* |
Min. to Open |
Compounded/Credited |
Min. to Earn APY* |
---|---|---|---|---|---|
Current APY as of 11/17/2023. Rates are subject to change at any time and are not guaranteed. For additional information on your account please refer to the Business Fee Schedule. |
|||||
Account Type Advantage Business Checking |
Dividend Rate n/a |
APY* n/a |
Min. to Open None |
Compounded/Credited n/a |
Min. to Earn APY* n/a |
Account Type Non-Profit Business Checking |
Dividend Rate 0.05% |
APY* 0.05% |
Min. to Open None |
Compounded/Credited Quarterly/Quarterly |
Min. to Earn APY* $1,000 |
Account Type Premier Business Checking |
Dividend Rate 0.05% |
APY* 0.05% |
Min. to Open None |
Compounded/Credited Quarterly/Quarterly |
Min. to Earn APY* $2,500 |
Get Answers to Your Questions
To open a business checking account for a Sole Proprietorship, you will need to complete a Business Membership Application and Agreement and provide an SSN or EIN, a Business License with the business and owner’s name, and the NAICS code related to your business. You will also need an active registration with the State Corporation Commission. All majority business owners and authorized signers should be present at account opening.
To open a business checking account for a Limited Liability Company, you will need to complete a Business Membership Application and Agreement and provide an EIN, Articles of Organization, and the NAICS code related to your business. You will also need an active registration with the State Corporation Commission. All majority business owners and authorized signers should be present at account opening.
To open a business checking account for a Corporation, you will need to complete a Business Membership Application and Agreement and provide an EIN, Articles of Incorporation, and the NAICS code related to your business. You will also need an active registration with the State Corporation Commission. If a non-profit, a 501-C filing is also needed. All majority business owners and authorized signers should be present at account opening.
To open a business checking account for an Unincorporated Association, you will need to complete a Business Membership Application and Agreement and provide an EIN, minutes from the last meeting on association letterhead, and the NAICS code related to your business. You will also need an active registration with the State Corporation Commission. All majority business owners and authorized signers should be present at account opening.
To open a business checking account for a Partnership, you will need to complete a Business Membership Application and Agreement and provide an EIN and minutes from the last meeting on association letterhead. You will also need an active registration with the State Corporation Commission. All majority business owners and authorized signers should be present at account opening.
Can’t find what you’re looking for? See all our FAQs or contact us.
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Disclosures
*Applicable at CO-OP, Allpoint, and 1st Advantage ATMs with 1st Advantage Debit Mastercard.