Business Checking Accounts

Money management made easy
It’s your Advantage

Open an Account Not a member yet? Join today.

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

Best For

Best For
Monthly Fee

Monthly Fee
Pays Dividends

Pays Dividends
Minimum Opening Deposit

Minimum Opening Deposit

Premier Business Checking

Best For

Businesses with larger transaction volumns
Monthly Fee

No – With $2,500 Average Daily Balance
Pays Dividends

Yes – $2,500 Average Daily Balance required to earn dividends
Minimum Opening Deposit

$0

Advantage Business Checking

Best For

Businesses that are just starting out
Monthly Fee

No – With $1,000 Average Daily Balance
Pays Dividends

Yes – $1,000 Average Daily Balance required to earn dividends
Minimum Opening Deposit

$0

Nonprofit Business Checking

Best For

Nonprofits and Civic Organizations
Monthly Fee

No – never
Pays Dividends

Yes – $1,000 Average Daily Balance required to earn dividends
Minimum Opening Deposit

$0

Open a Business Checking Account

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.

Person looking at paperwork and a tablet

Contact Our Business Team

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

Paul Szabo, CIA, CFSA, CUBLP

Director of Business Services

757-886-3300

[email protected]

Erica Carson

Commercial Loan Officer

757-886-3342

[email protected]

Today's Rates

Business Checking Accounts
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.

Contact Us - Business Checking

"*" indicates required fields

Helpful Resources for Business Owners

Get inspired to take control of your finances and achieve your financial goals by checking out our blog, filled with helpful advice, practical tips, and insightful articles.