Small Business Checking Account

An account designed with the small business owner in mind. All the benefits you need in convenience, savings, and security.

Monthly Service Charge: Waived if a minimum daily balance of $500 is maintained during the monthly statement period. 

Other Charges: No charge for first 50 debit transactions (checks paid, withdrawals, automatic transfer or payment out of account), per statement period. First 100 deposited items at no charge, per statement period. $0.15 per each additional debit transaction or item deposited. 

Special Features: Merchant Bankcard Services setup fee is waived, and there is a 0.25% reduction on a business loan with automatic payments. This account offers ACH Origination (refer to fee schedule). 

Limitations: None.

Checking Sub-Account: Checking accounts consist of a checking sub-account and a savings sub-account. The bank may periodically transfer funds between these two sub-accounts. If your account earns interest, your interest calculation will remain the same. If your checking account does not earn interest, no interest will be paid on either sub-account. The savings sub-account will be governed by the rules governing our other savings accounts. This process will not affect your available balance, the interest you may earn, FDIC insurance protection, or your monthly statement.

Dormant Accounts: Accounts that undergo no activity (debit or credit) for an extended time period will be reclassified as a dormant account. Dormant accounts will be subject to a regular monthly service charge of $5 (non-refundable per State of Washington). The time periods of inactivity are as follows:

• 24 months—All checking, money market, interest checking, and savings accounts
• 30 months—Time certificates of deposit
• 60 months—Safe deposit boxes 

Note: Under current state abandoned property law, any property unclaimed after three years (with the exception of safe deposit boxes) must be relinquished to the custody of the State of Washington.