Business Banking - Checking
Monroe County Bank has been at the heart of business banking since our founding in 1908. We value the trust that businesses have placed in our checking services and we work hard to service your account and handle your daily banking needs in a professional, yet friendly manner. Please take a moment to review the following account summaries.
Business Analysis Contact
Us
Business Analysis checking allows you the freedom of
compensating for services by keeping a sufficient balance to offset any
processing costs. Commercial checking accounts are reviewed monthly to determine
any applicable charges. Business Analysis is affected by two factors: the
earnings credit on your investable balance and the activity in your account. The
earnings credit is the rate of interest earned by the bank on your investable
balance. The investable balance is calculated by taking your average monthly
balance, subtracting float, and regulatory requirements.
Should your earnings credit exceed the activity charge, you will not be service charged. Should your earnings credit be less than the activity charge, you will be charged the difference. Business Analysis Accounts are only charged for the services used. Please contact a Customer Service Representative for applicable fees.
Business NOW Checking Contact
Us
For eligible businesses, this checking account will earn
interest monthly and if you maintain a minimum balance of $1,000, you will earn
interest and no service fees are applied. This account can be opened with
$1,000. Business NOW Checking benefits include:
- Interest is paid monthly based on the daily balance, no interest is paid on balances below $1,000.
- NO service fee if you maintain a minimum balance of $1,000; otherwise, $5 per month plus $.25 per transaction
- Visa CheckCard (subject to approval)
- Current Business NOW Checking Rates
Business MoneyMarket Contact
Us
Our MoneyMarket account pays interest and offers you the
flexibility to make six (6) debits/transfers in a monthly statement cycle. This
is an excellent way of putting your money to work earning interest, while still
being able to access your funds. Earn market rates with a low opening
deposit of $5,000 and receive the following benefits:
- The moneymarket of interest is paid monthly based on the daily balance.
- NO service fee if you maintain a minimum balance of $5,000; otherwise, $7/month
- $2.00 fee on each debit over six (6) in a month
- Visa CheckCard (subject to approval)
- Current Business MoneyMarket Checking Rates