Business & Personal Checking Accounts – MutualBank

 

Business Deposits

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MutualBank provides a variety of deposit products for the small business owner. From our Business Free Checking to Business Checking with Interest, our checking account programs offer business owners a solution to fit their needs. We also offer a special Community Checking for non-profits and a competitive rate Money Market account. Browse below for more details on our business deposit options.

Business Basics Checking
Tired of paying fees on your business checking account? Business Free is designed to provide you with the ultimate value. This account offers month-end statements and simplified fees.

  • No minimum balance
  • First 150 deposited items and checks cleared are free

Business Checking
Does your business have a large volume of checking activity?

  • Business Checking offers no minimum balance requirements and an opportunity to reduce or offset fees through the earnings credit*
  • Business Checking also allows the opportunity to earn interest once the service fees are offset. 
  • Account can be linked to the Business Money Market or lines of credit allowing for overdraft protection

Business Checking with Interest
This account offers the opportunity to earn interest on their checking account.

  • $1,000 minimum balance requirement to earn interest
  • A monthly fee will be charged if the balance falls below $1,000
  • First 125 deposited items and the first 125 checks cleared are free. Each item after that will be charged $0.15 per item

Community Checking
Our Community Checking allows the not-for-profit organization, government or church/religious community access to their funds anytime with minimal fees and a competitive rate of interest.

  • $5,000 minimum balance requirement to avoid monthly service fee
  • A monthly fee will be charged if the balance falls below $5,000
  • First 500 combined deposited items and checks cleared are free

Business Money Market
Business Money Market is ideal for those interested in earning a good rate with accessibility to funds or a temporary place for investments. Interest is compounded monthly and is periodically determined by the bank.

  • If the balance drops below $2,500, there is a monthly fee.
  • Withdrawals or other transfers (from a Business Money Market account to another account or third parties by preauthorized, automatic, telephone or computer transfer) are limited to six per month with no more than three by check, draft or similar order to third parties.
  • Unlimited in-person transfers.

* Each month, an earnings credit will be computed based on the account's average collected balance less required reserves. Please ask about the current earnings credit rate.

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Mutual News
  • Mutualfirst Financial, Inc. Announces Agreement With Major Stockholder 

    Muncie, Indiana - February 27, 2015 – MutualFirst...

    Monday, March 2, 2015

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Mutual Blog

Proactive Steps to Take in Light of Anthem Data Breach

Chances are you are a person who has Anthem insurance coverage or you know someone who does. As a result, either you or your friend has a reason to be concerned.

A typical data breach includes a compromise of debit card numbers or partial personal identifying information. This kind of breach, though inconvenient, can typically be ‘fixed’. An initial investigation indicates that the Anthem breach includes a compromise of name, birthday and/or social security number. This kind of information is all one needs to steal someone’s identity.

According to Anthem this particular breach could affect up to 80 million people. Instead of trying to ignore this has happened or just being upset, it’s now time for you to be educated and try to protect yourself as best as you can. We have some tips that will help you accomplish that.


1. Review Your Statements


First, take a moment each month to view your eStatement or monthly statement. You can monitor your accounts throughout the month with Online Banking and the MutualBank App. Monitoring your accounts will give you the quickest opportunity to see if your accounts have been compromised. If you notice any transactions that are unfamiliar or questionable, please get in touch with your MutualBanker. Call us at 800-382-8031.


2. Be Cautious with Any Anthem Emails You Receive


Next, if you receive an email stating it is from Anthem, be cautious. Anthem’s website warns customers not to reply with information, click any links or open any attachments within the email. Anthem is not calling their customers and will not ask for information. Never give your credit card information, social security number, or other sensitive information to someone via email or over the phone.


3. Consider Freezing Your Credit


If you are a resident in Indiana, the Attorney General’s office website (http://www.in.gov/attorneygeneral/2853.htm) is offering and encouraging you to sign up for a free credit freeze with each of the three credit bureaus. A credit freeze places a hold on your credit where a new line of credit could not be obtained without you unfreezing your credit. This doesn’t affect already open credit lines like an existing credit card, yet helps to protect you against someone opening new lines of credit in your name.


4. Keep in the Know


Finally, try to keep in the loop on the Anthem Breach. The best source for current information about this breach can be found at Anthem’s Frequently Asked Questions. (http://www.anthemfacts.com/faq)

MutualBank is here to help inform you of ways to help protect against identity theft. Thank you for trusting us.

Sunday, February 15, 2015

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Business Deposits

https://www.bankwithmutual.com/clientuploads/Banners/Testimonial8-JF.jpg

MutualBank provides a variety of deposit products for the small business owner. From our Business Free Checking to Business Checking with Interest, our checking account programs offer business owners a solution to fit their needs. We also offer a special Community Checking for non-profits and a competitive rate Money Market account. Browse below for more details on our business deposit options.

Business Basics Checking
Tired of paying fees on your business checking account? Business Free is designed to provide you with the ultimate value. This account offers month-end statements and simplified fees.

  • No minimum balance
  • First 150 deposited items and checks cleared are free

Business Checking
Does your business have a large volume of checking activity?

  • Business Checking offers no minimum balance requirements and an opportunity to reduce or offset fees through the earnings credit*
  • Business Checking also allows the opportunity to earn interest once the service fees are offset. 
  • Account can be linked to the Business Money Market or lines of credit allowing for overdraft protection

Business Checking with Interest
This account offers the opportunity to earn interest on their checking account.

  • $1,000 minimum balance requirement to earn interest
  • A monthly fee will be charged if the balance falls below $1,000
  • First 125 deposited items and the first 125 checks cleared are free. Each item after that will be charged $0.15 per item

Community Checking
Our Community Checking allows the not-for-profit organization, government or church/religious community access to their funds anytime with minimal fees and a competitive rate of interest.

  • $5,000 minimum balance requirement to avoid monthly service fee
  • A monthly fee will be charged if the balance falls below $5,000
  • First 500 combined deposited items and checks cleared are free

Business Money Market
Business Money Market is ideal for those interested in earning a good rate with accessibility to funds or a temporary place for investments. Interest is compounded monthly and is periodically determined by the bank.

  • If the balance drops below $2,500, there is a monthly fee.
  • Withdrawals or other transfers (from a Business Money Market account to another account or third parties by preauthorized, automatic, telephone or computer transfer) are limited to six per month with no more than three by check, draft or similar order to third parties.
  • Unlimited in-person transfers.

* Each month, an earnings credit will be computed based on the account's average collected balance less required reserves. Please ask about the current earnings credit rate.

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