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 55,000+ 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, purchase protection, & optional Round Up Savings Program.
Online & Mobile Banking
All our accounts offer free Online and Mobile Banking for easy access no matter where you are.
New! Debit Card Round Up
Enroll and start saving automatically with our new Debit Card Round Up Program! Every time you use your 1st Advantage debit card, we’ll round up your purchase to the next dollar and transfer the difference to your savings account. It’s an easy way to grow your savings—one transaction at a time. Sign up today to start saving!
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
High-Yield Business Checking
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Best For
Businesses who want a checking account that earns substantial interest rates.
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Monthly Fee
No- never
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Pays Dividends
Yes! Qualified Accounts earn 4.00% APY^
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Minimum Opening Deposit
$0
Premier Business Checking
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Best For
Businesses with larger transaction volumes
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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
No
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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.
Refer a Friend and Get Rewarded!
Share the love and benefits of being a part of 1st Advantage by referring your friends! When you refer a friend and they open a checking account and meet our qualifications, both of you receive $50* as a token of our appreciation. Help your friends experience the difference of our exceptional service and financial products and get rewarded!
Today’s Rates
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Account Type |
Dividend Rate |
APY* |
Min. to Open |
Compounded/Credited |
Min. to Earn APY* |
|---|---|---|---|---|---|
|
Current APY as of 4/14/2025. 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. ^APY = Annual Percentage Yield. Qualified accounts earn up to 4.00% APY on balances up to $7,500 and 0.05% APY on balances over $7,500. Non-Qualified account balances earn 0.05% APY. Qualified accounts must have 10 or more posted Debit Card transactions (excluding ATM transactions) per month and eStatements. Failure to meet any one of these requirements during a calendar month will cause the account to default to the Non-Qualified account rate of 0.05% APY. APY as of 4/14/2025 and is subject to change. Dividends compounded monthly. No minimum balance to open. Fees may reduce earnings. This offer can be withdrawn at any time. |
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|
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 |
|
Account Type High-Yield Business Checking |
Dividend Rate up to 3.928%^ |
APY* up to 4.00%^ |
Min. to Open None |
Compounded/Credited Monthly |
Min. to Earn APY* n/a |
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 Our Business Team
Contact Paul Szabo or Erica Carson today to discuss the ways that 1st Advantage can help your business thrive.
Contact Us - Business Checking
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Open a Business Checking Account
Ready to open a Business Checking Account? We’re ready to help you!
Disclosures
*Applicable at CO-OP, Allpoint, and 1st Advantage ATMs with 1st Advantage Debit Mastercard.