Business Checking Accounts

 

Commercial Checking

Commercial Checking NOW

Iolta

Minimum to open

None

$1000

$1000

Monthly Service Charge

Daily Balance: 
  • $5000 and above = $1
  • $4999.99- $1000 = $5
  • Under $1000 = $7
Daily Balance:
  • $1000 and above =$1
  • Under $1000 = $10

None

Other Fees

$20 fee if the account is closed within 2 months from the open date.

$20 fee if the account is closed within 2 months from the open date.

$20 fee if the account is closed within 2 months from the open date.

Interest Earned

No

Yes paid on accounts with at least $1000 daily balance

Yes

Online banking

Free

Free

Free

Mobile Banking

Not Available

Not Available

Not Available

Bill Pay

$5

$5

$5

eStatement

Free

Free

Free

Check writing

51-100 checks/debit= $10
Over 100 check/debit= $20

First 20 in cycle are free. $.20 for each thereafter.

Unlimited

Check card available for a fee 

First card is free for each account holder, $5 thereafter for replacement or other.

First card is free for each account holder, $5 thereafter for replacement or other.

 Not Available

Additional Features

  • $1 monthly debit card fee
  • For Non-Profit Organizations, Government Entities, Sole Proprietorships and other eligible organizations.

  • Designed for businesses that conduct less than 50 transactions a month.

  • $1 monthly debit card fee
  • Interest paid directly to the Louisiana Bar Association
  • $1000 minimum daily balance to obtain interest. 

EMV Chip Card

EMV Chip Cards

A safer way to pay!

Learn More

 

Herman png

Learn More

Herman's Club™

Savings Account just for kids.

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