We offer several options when it comes to commercial business checking account options. Whether you are a small business with minimal requirements or a medium-sized St. Louis business or non-profit looking for an interest-bearing checking account, we can help. Learn more about our commercial checking options below or contact us today to learn why we’re the number one choice among banks in St. Louis for commercial business checking.
Business Checking Account Options
Community Business Checking Account
Community Business Checking is a non-interest bearing business checking account designed for small business customers with moderate activity. This is perfect for small businesses or those that have relatively few regular transactions.
Commercial Checking Business Checking Account
Commercial Checking is a non-interest bearing business checking account designed for business customers requiring services beyond Community Business Checking. This is a good choice for small businesses that have relatively high transaction volumes.
Business Now Business Checking Account
Business Now is an interest-bearing business checking account only available to sole proprietorships, non-profit organizations, and government agencies.
Additional Features & Fees of Our Business Checking Account Services
We use the latest technology to provide our commercial customers with the most advanced services and conveniences for their business checking accounts. Checks may be deposited into these accounts using a scanner or by taking a picture of the front and back of the check using a mobile device such as a smart phone or tablet computer. You may view your account activity using a PC or mobile device. Funds may be transferred easily using JB Direct Internet Banking on a PC or mobile device. Additionally, we offer online bill payment, ACH (Automated Clearing House) electronic transfer, wire transfer, and more as convenient ways to make payments nationwide.
Our Business Checking Account Fees
Jefferson Bank’s service fees are some of the most competitive when it comes to business checking accounts. We will be pleased to perform an analysis of your accounts to determine if we can save you money while increasing the level of service your business receives.
Why Small Businesses Should Open a Business Checking Account
Sole proprietorships and some new small businesses sometimes forgo the use of a business checking account, and instead, they use a personal checking account for managing business finances. While this may work for a short period of time, it can be problematic for handling:
- Large transaction volumes
- Large amounts of cash
- Uneven transfer patterns
- And other typical business checking account activity patterns
What’s worse is that failing to use a separate business checking account for business purposes may cause major problems with state, local, and Federal tax authorities. It also makes it challenging to keep track of what money is going where.
On the other hand, using just cash can also lead to the business becoming more vulnerable to theft, fraud, and disasters such as fires.
This is why it’s prudent to open a business checking account – even if you’re just starting out. At Jefferson Bank & Trust, our friendly commercial banking experts will be happy to assist you in getting your business finances in order. We can recommend a business checking account that will meet your needs and possibly even save you money.
Jefferson Bank & Trust is glad to answer any questions that you may have about our bank in St. Louis or your business checking accounts – so call or come in today to talk to us.