Business Checking & Money Market

Business Checking

Every Meadows Bank Business Checking account includes:
  • Online Banking w/ Bill Pay

Money Markets

Every Meadows Bank Money Market account includes:
  • 6 Debits/Transfers Per Statement Cycle*
  • Online Banking w/ Bill Pay*
  • Competitive Interest Rate Based on Balance
Account Plans Minimum Opening Deposit Service Charge/More Information
Analysis Checking $1,000.00
Charges are analyzed
Competitive Earnings Credit Rates**
Business Checking $1,000.00
$12.00 - waived for maintaining a minimum daily balance of $1,000.00
75 checks/debits per statement cycle***
IOLTA Preferred Checking
Interest On Lawyers Trust Account
$500.00
No service charge
Pays competitive interest rate
Unlimited checkwriting
Money Market $2,500.00
$12.00 - waived for maintaining a minimum daily balance of $2,500.00

*Federal regulations allow only six withdrawals or transfers per statement cycle. A $25.00 withdrawal fee will be charged for each excessive transaction.  SPECIAL NOTICE:  In response to the COVID-19 pandemic, customers will temporarily be allowed to make unlimited transfers and withdrawals from their Savings and Money Market Accounts effective May 1, 2020. We are also waiving the excess withdrawal fees until further notice.
**Earnings Credit is a variable rate and determined monthly.
***$0.20 per item in excess of 75.
 
 

Documents Needed to Open a Business Account 

(may include, but are not limited to the following)

Sole Proprietorship
  • Valid Business License, where applicable
  • Proper identification for each signer on the account
  • Fictitious Firm Name Filing
Partnership
  • Valid Business License, where applicable
  • Partnership Agreements
  • Partnership Resolution
  • Federal Taxpayer Identification Number
  • Proper identification for each signer on the account
Corporation
  • Valid Business License, where applicable
  • Certificate of Incorporation
  • Articles of Incorporation and Bylaws
  • Federal Taxpayer Identification Number
  • Corporate Resolution – available at bank
  • Proper identification for each signer on the account
Limited Liability Corporation (LLC)
  • Valid Business License, where applicable
  • Certificate of Organization
  • Articles of Organization
  • Operating Agreement
  • Federal Taxpayer Identification Number
  • Proper identification for each signer on the account
Man making remote deposit in a restaurant

Step away from the scanner!

mRDC allows our commercial account holders to quickly and easily deposit checks.