Business Checking Accounts

Money management made easy
It’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:

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Free ATM access

Get access to over 65,000+ fee free ATMs nationwide* so you can get cash where you need it.

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Free Debit Mastercard

Each account comes with a free Debit Mastercard with no annual fee and purchase protection.

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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

High-Yield Business Checking

  • Best For

    Businesses who want a checking account that earns substantial interest rates.

  • Monthly Fee

    No- never

  • Pays Dividends

    Yes! Qualified Accounts earn 4.00% APY^

  • Minimum Opening Deposit

    $0

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

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.
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Contact Our Business Team

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

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Paul Szabo, CIA, CFSA, CUBLP

Director of Business Services
Erica Carson Picture

Erica Carson

Commercial Loan Officer

Today's Rates

Business Checking Accounts

Account Type

Dividend Rate

APY*

Min. to Open

Compounded/Credited

Min. to Earn APY*

Current APY as of 2/21/2024. 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 2/21/2024 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.

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.

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Open a Business Checking Account

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Disclosures

*Applicable at CO-OP, Allpoint, and 1st Advantage ATMs with 1st Advantage Debit Mastercard.