Predict. Manage. Control.
There is a Bank of the Pacific Business Checking account designed to meet your business payment needs. In addition to an account structure that fits, you have access to a wide range of online and mobile services to assist you in the efficient and cost effective management of your working capital.
The table below shows a comparison of our checking account offerings to help you find the the account that fits your needs best!
|Account Features||Essential Business Checking||Small Business Checking||Business Checking||Business
|Recommended for:||Best suited for Sole Proprietors and Start-ups with very limited account activity and lower account balances.||Best suited for small to mid-sized businesses with moderate balances and transaction activity needs.||Best suited for established businesses with moderate balances, higher transaction activity and increasing Treasury Management needs.||Best suited for established businesses with higher balances, moderate to high transaction activity, and a desire to earn interest on funds held for deposit.||Specifically designed for IRS Tax Exempt, Non-Profit Organizations, Local Clubs and Associations.|
|Minimum Opening Deposit||$100||$100||$100||$100||$100|
|Monthly Service Charge||$5||$15||$20||$25||$0|
|Minimum Balance OR Average Balance Required to Avoid Monthly Service Charge||$500 Minimum or $2500 Average Daily||$2500 Minimum or $10,000 Average Daily||$10,000 Minimum or $20,000 Average Daily||$25, 000 Minimum or $50,000 Average Daily||$0 Minimum or $0 Average Daily|
Monthly Transaction Limit
|50 Items*||250 Items*||500 Items*||500 Items*||250 Items*|
|Earns Interest||N/A||N/A||N/A||Tiered Interest, $1000 minimum daily balance to obtain disclosed annual percentage yield.||N/A|
|Standard Benefits Included||
* All business checking account transactions include checks paid, deposits posted, checks deposited, ACH debits/credits, online banking transfers, debit card point of sale and ATM transactions.
Transactions exceeding the limits shown above will carry a charge of $.35 per transaction regardless of account balances. All business checking accounts offer Free Online Banking and eStatements which include check images. Mailed paper statements are available at a cost of $3.00 per statement.