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An account your business can bank on.

You can count on MutualBank to continually deliver for your business no matter what comes your way.

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Business Banking With MutualBank

Our Business Checking Accounts Come With

Online & Mobile Banking

Banking on your terms begins with a fully featured mobile app and online banking. We have them.

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Access to 55,000 Surcharge-Free ATMs

Banking local doesn't mean staying local. Get cash wherever you go.

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Debit Card

Our standard debit card is free but you also have the option to personalize your card with a photo you provide!

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UChoose Rewards

When we say thank you, we mean it. You can redeem points for travel, electronics, event tickets and more.

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ONE SIZE DOESN`T FIT ALL

Business Checking Options


 

 

Business Basics

Business Checking

Business Checking with Interest

Community Checking

Business
Money Market

 

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Best for:

Those who want a basic account with no minimum balance.

Those with a large volume of checking activity.

Those who want to earn interest on their checking account.

Nonprofits, government or religious/community organizations.

Those who want best interest rate and/or a temporary place for investments.

Minimum to Open:

$100

$100

$100

$100

$2500

Online Banking & eStatements 

Mobile App 

UChoose Rewards 

Monthly Maintenance Charge

$0

$7

$8

$12

$8

Can the maintenance charge be waived?

N/A

Yes
Can be offset by earnings credit*

Yes
by maintaining a $1,000 monthly balance

Yes
By maintaining a $5,000 monthly balance

Yes
By maintaining a $2,500 monthly balance

Included Monthly Transactions

150 checks deposited / checks cleared

 

125 deposited and 125 checks processed / ACH withdrawals

500 deposit or withdrawal transactions

Unlimited in-person transfers; allows for 30 deposited items and 6 cleared items

Interest Paid

 

None

 

Interest option available

Monthly 3 interest tiers

Monthly 6
interest tiers

Monthly 3 interest tiers

Telephone Transfers

$5

$5

$5

$5

$5 after first 6 debits

Overdraft Protection

$7 per transaction

$7 per transaction

$7 per transaction

$7 per transaction

$7 per transaction (3 allowed per month)

Sweep Option Available?

**

Return Item Fee

$10

$10

$10

$10

$10

Additional Fees

Yes; see explanation below

Yes; see explanation below

Yes; see explanation below

Yes; see explanation below

Yes; see explanation below

 

Business Basics - Checks deposited / cleared after allotment:
$0.36 cents for additional check cleared after 150 monthly allotted items.

Business Checking with Interest - Checks deposited / cleared and ACH withdrawals after allotment:
$0.15 cents for each check deposited, check processed, or ACH withdrawal.

Community Checking - Checks deposited / cleared after allotment:
$0.18 cents for additional check deposited / check cleared after 500 monthly allotted items.

Money Market - Checks deposited / cleared after allotment:
$0.25 cents for each check deposited; $5 dollars for additional checks cleared after allotted items.

Earnings Credit

* 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.

**Money market sweep limitations

Get Started

Ready to Open a Business Checking Account?

Apply online, call 765-283-0018 or visit any one of our financial centers to open a Business Checking Account.

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What to have ready

  • Social security number
  • Government issued ID(driver`s license, US passport, or state-issued ID)
  • Business Tax ID
  • Existing bank account numbers to transfer funds to your new account
  • Documents verifying your business and your authority to act on behalf of the business. These documents depend on your business/organization type (see below)
  • Business Tax ID
  • By-laws showing authority of account signer(s)
  • Articles of Incorporation

+ LLC

 

  • Articles of Organization
  • Membership Agreement
  • Certificate of Partnership
  • Partnership Agreement
  • Assumed Name Certificate

FOR SMARTPHONES & TABLETS

The MutualBank App

Deposit checks from your device, send friends money instantly, view balances & transactions, transfer funds between accounts and more from our app!

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Verified by Visa is an online security service to guard you against unauthorized use of your Visa card while shopping online at participating merchants. There is no need to get a new card, no software to download, no cost, and no hassles… just added security.

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Get a text or an email whenever you pay with your MutualBank debit or credit VISA® card! Set up other alerts too to keep your account secure. It's free! (your phone provider's message and data rates may apply).

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