The Farmers Bank offers a variety of accounts tailored to fit your specific business needs. We want to hear about your business’s needs and help provide a customized solution that’s works for you!
BUSINESS CHECKING ACCOUNTS
Businesses come in many sizes, needing solutions for their unique banking demands. The Farmers Bank lets you customize and manage your banking with a variety of checking options. We’ve identified some additional services we offer to help you manage your business --- many with waived or discounted fees.
Business Checking
For the business just needing the basics.
- Only $100 to open the account
- No minimum balance
- No monthly maintenance fee
- Up to 300 free transactions per statement period. ($.40 per transaction for each transaction over 300 per statement period). Transactions include: ACH debits & credits, checks and other debits, deposited items and other credits (including deposit slip) and ATM transactions.
- Includes e-statements; paper statements available for $5/month
Business Analysis Checking
For the business with higher transaction volumes and a need for detailed account information.
- Only $100 to open the account
- $20 monthly maintenance fee
- Includes e-statements; paper statements are available for $5/month
- Fees are based on account activity and services provided.
- Earnings credit is calculated on net average collected balance less reserves and may offset some or all of the monthly maintenance and per item transaction charges.
Community Business Checking
For non-profit and public fund businesses such as churches, clubs, municipalities, organizations and schools.
- Only $100 to open the account
- No minimum balance
- No monthly maintenance fee
- No transaction limits
- Interest-bearing with tiered rates that increase with your balance.
- Includes e-statements; paper statements available for $5/month
- Customer choice of one free Treasury Management product/service
- Monthly fee waived. Per item fees still apply.
BUSINESS SAVINGS ACCOUNTS
Savings is an investment opportunity – an investment in a secure future. The Farmers Bank offers a number of business savings program opportunities to fit any need.
Business Regular Savings
Flexible account which earns interest and allows funds to be withdrawn anytime.
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$50 minimum opening balance.
- $1 per withdrawal (debit) over 6 per statement period.
- Interest is compounded monthly.
- If the balance falls below $300, there will be a $3 service charge.
Business Advantage Savings
A higher interest savings program for the larger investor with withdrawal capabilities.
- $15,000 minimum opening balance.
- $25 per withdrawal (debit) over 4 per statement period.
- Interest is compounded weekly.
- $15,000 minimum balance; interest decreases to same rate as Business Savings Account if balance falls below $15,000.
Business Money Market Investment
Investment account which pays rates based upon a tiered interest rate structure.
- $1,000 minimum opening balance.
- $10 per withdrawal (debit) over 6 per statement period.
- Interest is compounded monthly.
- If the balance falls below $1,000, there will be a $6 service charge.