Business Checking
Beacon Business Bank provides products and services that respond to the unique and individual needs of you and your business. We offer all of the solutions you need for your entire business banking portfolio. Our team delivers personalized services and takes the time to fulfill all of your business banking needs.
Click this link to learn more about our special Non-Profit account.
Business Accounts
| Account Name | Basic Business Checking | Small Business Checking | Analyzed Business Checking |
|---|---|---|---|
| Description | This business checking account offers a lower-cost solution for businesses that have a small number of monthly checks and deposits. | This small business checking offers a lower-cost solution for businesses that have a moderate number of monthly checks and deposits. | This value-added checking account, which is analyzed on a monthly basis, earns credits based on balances that can be used to offset activity fees. |
| Min Opening Deposit | $100 | $1,000 | $1,000 |
| Monthly Service Charges | No service charge if you maintain a $1,000 minimum daily balance during the monthly statement period. $10 monthly fee if balance falls below the minimum. |
No service charge if you maintain a $10,000 minimum daily balance during the monthly statement period. $18 monthly fee if balance falls below the minimum. |
$15/month |
| Interest* | Non-interest bearing checking account |
Non-interest bearing checking account |
Non-interest bearing checking account |
| Debit & Credit Charges* |
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For detailed information, please refer to Schedules & Fees.
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| Other Benefits | Internet Banking and Bill Pay Available for 24-hour account access. |
Internet Banking and Bill Pay Available for 24-hour account access. |
Internet Banking and Bill Pay Available for 24-hour account access. |
* For detailed information on any of these accounts or current interest rates, refer to the Schedules & Fees, Deposit Agreement & Disclosures or call an account officer at one of our locations.
Other Interest Bearing Accounts
| Account Name | Interest Checking | Premium Interest Checking | Attorney Trust Account (IOLTA) |
|---|---|---|---|
| Description | This tiered rate checking account provides non-profit organizations, sole proprietorships, and governmental units. It provides the convenience of unlimited check writing capabilities, and it earns interest based on your account balance. |
This tiered rate checking account is available to non-profit organizations, sole proprietorships, and governmental units. It provides the convenience of unlimited check writing capabilities, and it earns interest based on your account balance. |
This interest-bearing checking account is available to California attorneys and law firms that receive and disburse client funds. All interest earned, minus any service charges, is sent to the California State Bar Association monthly. |
| Min Opening Deposit | $500 | $10,000 | $1,500 |
| Monthly Service Charges | No service charge if you maintain a $1,500 minimum daily balance or a $3,000 average daily balance during the monthly statement period. $10 monthly fee if balance falls below the minimum. |
No service charge if you maintain a $10,000 minimum daily balance during the monthly statement period. $10 monthly fee if balance falls below the minimum. |
$10/month |
| Interest * | Tiered interest rate based on your account balance | Tiered interest rate based on your account balance | |
| Debit & Credit Charges* | No per check fee for the first 50 checks, if you maintain a minimum daily balance of $1,500 during the monthly statement period. $0.15 per check if balance falls below minimum or exceeds 50 checks. | No per check fee for the first 50 checks, if you maintain a minimum daily balance of $10,000 during the monthly statement period. $0.15 per check if balance falls below minimum or exceeds 50 checks. | No per check fee |
| Other Benefits |
ATM / Debit Cards |
ATM/ Debit Cards | |
| Internet Banking and Bill Pay Available for 24-hour account access. |
Internet Banking and Bill Pay Available for 24-hour account access. |
* For detailed information on any of these accounts or current interest rates refer to the Schedules & Fees, Deposit Agreement & Disclosures or call an account officer at one of our locations.
Business Money Market Accounts
| Account Type | Money Market | Premium Money Market |
|---|---|---|
| Description | This tiered rate account allows for unlimited withdrawals when made in person, by mail, by messenger/courier, or through an ATM. This account earns interest based on your account balance. |
This tiered rate account allows for unlimited withdrawals when made in person, by mail, by messenger/courier, or through an ATM. This account earns interest based on your account balance. |
| Min Opening Deposit | $2,500 | $10,000 |
| Monthly Service Charges | No service charge if you maintain a $2,500 minimum daily balance or a $5,000 average daily balance during the monthly statement period. $10 monthly fee if balance falls below the minimum. | No service charge if you maintain a $10,000 minimum daily balance during the monthly statement period. $10 monthly fee if balance falls below the minimum. |
| Interest* | Tiered interest rate based on your account balance. | Tiered interest rate based on your account balance. |
| Debit & Credit Charges* | Pre-authorized debits are limited to no more than six (6) per statement cycle. $10 charge for each transaction beyond six per statement cycle. | Pre-authorized debits are limited to no more than six (6) per statement cycle. $10 charge for each transaction beyond six per statement cycle. |
| Other Benefits | ATM / Debit Cards | ATM / Debit Cards |
| Internet Banking and Bill Pay Available for 24-hour account access. |
Internet Banking and Bill Pay Available for 24-hour account access. |
* For detailed information on any of these accounts or current interest rates refer to the Schedules & Fees, Deposit Agreement & Disclosures or call an account officer at one of our locations.