No matter the size of your business, we have checking account options and services to fit your needs. We will work with you to establish a plan that makes the most sense for your business.
The Business Checking account is designed to fit the needs of the startup to a large company for transacting business at little to zero cost. This account is capable of scaling with you as your company grows too. Easily add direct deposit/ACH services or remote deposit capture and other cash management services.
The Commercial Checking account is designed for large companies with high-volume transactions. While there is a nominal monthly fee, it can be offset by the balances kept in the account.
Cash Management Services are available such as ACH, wires, remote deposit capture, and online banking with multiple user access. See the grid below for additional details!
Business Checking Accounts
|ACCOUNT FEATURES||COMMERCIAL CHECKING||BUSINESS CHECKING|
|Receives an Earnings Credit for Average Collected Balance||–|
|Monthly Service Charge||$9.95||–|
|Minimum Balance to Open||$100.00||$100.00|
|Minimum Daily Balance Required¹||$2,500.00 to Waive Service Charge||–|
|Callaway Bank Rewards|
|Unlimited Electronic Debits/Credits|
|Written Checks²||300 Included||150 Included|
|Deposited Checks³||300 Included||150 Included|
|Fraud Analytics Protection|
|Mobile Banking App with Mobile Check Deposit⁴|
|Business Banking Online (BBOL)|
|Apple Payᵀᴹ, Google Pay®, Samsung Payᵀᴹ ⁵|
|Auto Transfer to Prevent Overdraft Fees⁶|
|eStatement with Check Images|
|OPTIONAL ACCOUNT FEATURES|
|Courtesy Pay Overdraft Protection⁷||$2,000.00 Limit||$2,000.00 Limit|
|Paper Statement||$4.95 Per Cycle||$4.95 Per Cycle|
|Online Bill Pay||$4.95 Per Cycle||$4.95 Per Cycle|
|ACH & Wire Cash Management|
|eDeposit (Remote Deposit Capture)|
|Other Fees||Common Fees||Common Fees|
SBA Loans can be the extra help you need for your business’s success.
Cash Management Services
Choose from a variety of services that allow you to maximize your cash flow and better manage your funds.
Business Credit Cards
Our Business Cash Back or Rewards Credit Cards give you great flexibility and protection with your purchases.
Business Remote Check Deposit
The Callaway Bank makes it easy to deposit checks on the go!
¹If your account reaches a zero balance, it will automatically be closed. ²Written checks will cost $0.25 per check after free limit. ³Deposited Checks will cost $0.25 per check after free limit. ⁴Mobile Check Deposit available after a 30 day waiting period and approval. 5Apple, the Apple logo, iTunes, iPhone, and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay and Touch ID are trademarks of Apple Inc. Google Pay is a trademark of Google Inc. Android, Android Pay, and the Android Logo are trademarks of Google Inc. 6Auto transfers to prevent overdrafts must be from a Callaway Bank account with available funds. 7Courtesy Pay Overdraft Protection charges $32.50 per item overdrawn. The fee may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal or other electronic means. ATM and everyday debit card transactions will be covered only if prior authorization is on file with the bank. Negative balances must be made current within 30 days, but will be subject to a $3.00 per day fee beginning on day three the account is negative. Overdrafts are paid at the sole discretion of the bank. Overdrafts may not be paid if your account is not in good standing.