Your business checking account

The tools you need to manage your funds

Your business checking account includes:

Debit card is free, Checks, Online Banking, Analyzed Accounts, Access to Business Lines of Credit WAC, Business Loans, Credit Card Processing available.

All of our business savings accounts include:

Features and benefits

Business debit card
Herring Rewards
Online banking
Mobile banking
Mobile deposit

Text banking
Transaction notification
E-statements
Bill pay

POP money
Auto balance transfers
Merchant services
Remote deposit capture

Our business checking account options:

Basic Business Checking Business Interest Checking Analyzed Checking MSB Analyzed Checking RDC Analyzed Checking Non-Profit Checking
Opening balance required $500.00 $500.00 $1,000.00 $100.00 $100.00 $500.00
Monthly service charge $10.00 $10.00 Based on analysis (see fees below) Based on analysis (see fees below) Based on analysis (see fees below) $10.00
Annual service charge N/A N/A N/A N/A N/A N/A
Average daily minimum balance to avoid service charge $500.00 $1,000.00 N/A N/A N/A $100.00
Average daily minimum balance to earn interest N/A $1,000.00 N/A N/A N/A N/A
To waive service charge
Daily minimum balance met
Relational balance
Average daily minimum balance
Relational balance
Charges based on analysis Charges based on analysis Charges based on analysis Average daily minimum balance

How to get a business checking account:

You must apply in person to create your business checking account.

When starting a checking account, you will need:

– 2 forms of identification
– $500 to open a checking account

All business documentation:
– Filed DBA
– Certificate of Formation
– Articles of Incorporation

All of our business savings accounts include:

Features and benefits

Online banking
Mobile banking
Mobile deposit
Text banking

Transaction notification
E-Statements
Bill pay
POP money

Auto balance transfers
Merchant services
Remote deposit capture

Our business savings account options:

Business Savings Business Money Market Non-Profit Money Market
Opening balance required $100.00 $1,000.00 $1,000.00
Monthly service charge $10.00 $10.00 $10.00
Annual service charge N/A N/A N/A
Average daily minimum balance to avoid service charge $500.00 $1,000.00 $1,000.00
Average daily minimum balance to earn interest $500.00 $1,000.00 $1,000.00
To waive service charge
Average daily minimum balance
Relational balance
Average daily minimum balance
Relational balance
Average daily minimum balance
Relational balance
Interest rate tiers
$500.00 and up $1,000 – $24,999.99
$25,000 – $49,999.99
$50,000 – $99,999.99
$100,000 – $249,999.99
$250,000 – and up
$1,000 – $9,999.99
$10,000 – $19,999.99
$20,000 – $29,999.99
$30,000 – $39,999.99
$40,000 – and up
Account limitations
Account holders are limited to six preauthorized or automatic transfers or withdrawals per statement cycle ( a $10.00 item charge will be assessed for each excessive item). Account holders are limited to six preauthorized or automatic transfers or withdrawals per statement cycle ( a $10.00 item charge will be assessed for each excessive item).

I do all of my banking with Herring. They have been my banker since I opened my accounts. They’re professional and thorough in every aspect of my interaction them.

Marc M.
customer since 2016

Ways to get ahold of the personal banking dept.

Call us directly

1-888-283-4564

Schedule an appointment

Visit us in person

Find a local branch near you

Locate a branch

Frequently asked questions

You might be wondering about…

Is there a minimum amount needed to start an account?

Yes, there is a minimum fee required to open either a checking or savings account.

The opening balance required to open a checking account is either $500.00 or $1,000.00 – depending on the account type you choose to open.

The opening balance required to open a savings account ranges between $100.00 for a business savings account to $1000.00 for the other business savings account options.

What are the limits for the debit card?

You can withdraw up to $305.00 in cash, purchase up to $1,000.00, which gives you a total overall daily limit of $1,305.00.

Are there any service charges or monthly/annual fees?

Yes, there are monthly service charges, and they are varied dependent on the type of account. Contact your business banker for a breakdown of the monthly service charges associated with the account type of interest.

No, there are not any annual service charges.

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