Business Checking Accounts
We know what's important to your business. That's why our business checking accounts are known throughout the area for their efficiency and for their remarkable cost-effectiveness. At First Bank of Highland Park, we offer business checking accounts designed to work for enterprises of all sizes, as well as for the Not-for-Profit organizations that play such a vital role in our community. It's as easy as contacting a First Bank of Highland Park Personal Banker today for more information and assistance in choosing the checking account that works best for your organization.
Commercial Checking Account
Monthly activity costs are based upon the following schedule:
| Activity | Cost |
|---|---|
| Monthly Maintenance | $15.00 |
| Checks Drawn (per check) | $.20 |
| Items Deposited (per check deposited) | $.15 |
| Deposits (per deposit) | $.75 |
| Returned Check (per item) | $5.00 |
| Rolled Coin (per roll) | $.10 |
An earnings credit based on 75% of the average collected balance will be applied towards the monthly activity costs. The earnings credit rate is based on the 13 week Treasury Bill rate and is adjusted quarterly. A monthly service charge will be applied when the monthly activity costs exceed the monthly earnings credit.
Small Business Checking Account
A business, organization, club, or charitable organization that has monthly activity less than 250 transactions per month shall be eligible for this account. A transaction is defined as all customer-initiated debits and credits, plus deposited items.
| Activity | Cost |
|---|---|
| Minimum Balance Required | None |
| Monthly Maintenance Fee | None |
| Number of Monthly Transactions At No Charge | 250 |
| Charge for Each Additional Transaction | $.40 |
| Chargebacks/Returned Check Fee | $5.00 |
| Rolled Coin (Per Roll) | $.10 |
| Online Banking with Bill Pay Service | Free |
| Cashier's Checks & Money Orders | Free |
Not-For-Profit Account Benefits
First Bank of Highland Park would like to recognize and thank those Not-For-Profit Organizations that are helping to shape, define, and strengthen the community with their efforts.
Not-For-Profit organizations who are active in Highland Park may open any account under the organization's name. The FDIC allows these organizations to open interest-bearing accounts. Please consult with your tax advisor regarding the responsibility of reporting interest earnings.
Please contact us to learn more about opening a Business Checking Account at First Bank of Highland Park.
