Business

Business Accounts

Business Checking

  • Designed for clients with a maximum of 500 combined debits and deposited items monthly, $0.25 charge per item over 500
  • Minimum opening deposit of $500
  • Monthly service charge of $10
  • No service charge if average monthly balance is $2,500, or combined daily deposit balances are $20,000, or outstanding loan balances are $100,000
  • Non-interest bearing
  • Overdraft protection available
  • FREE ATM use at designated locations
  • FREE Summit Business check card
  • FREE Summit Online Banking

Analyzed Business Checking

  • Designed for clients with over 500 combined debits and deposited items monthly
  • Minimum opening deposit of $500.
  • Monthly service charge of $15
  • Earnings credit adjusted monthly (See rate sheet)
  • Earnings offset activity charges and monthly maintenance
  • Account charged monthly, and earnings credits accumulate annually
  • Overdraft balances charged at Prime +3% on ledger balances less 10% reserve
  • Non-interest bearing
  • FREE ATM use at designated locations
  • FREE Summit Business Check Card
  • FREE Summit Online Banking

Business Interest Checking

  • Minimum opening deposit of $500
  • Monthly service charge of $10
  • No service charge if average monthly balance is $2,500, or combined daily deposit balances are $10,000, or outstanding loan balances are $50,000
  • Interest bearing
  • Overdraft protection available
  • FREE ATM use at designated locations
  • FREE Summit Business Check Card
  • FREE Summit Online Banking

Non-profit Interest Checking

  • Designed for non-profits with a maximum of 500 combined debits and deposited items monthly: for accounts with higher activity, $0.25 charge per item over 500
  • Minimum opening deposit of $500
  • No monthly service charge
  • Interest bearing
  • Overdraft protection available
  • FREE ATM use at designated locations
  • FREE Summit Business Check Card
  • FREE Summit Online Banking

Business Money Market Checking

  • Minimum opening deposit of $500
  • Monthly service charge of $10
  • No service charge if average monthly balance is $2,500, or combined daily deposit balances are $10,000 or outstanding loan balances are $50,000
  • Interest bearing
  • Activity limitations of six (6) debits per month, which can include six (6) checks
  • FREE Summit Online Banking