Commercial Banking Accounts

Modern Financial Service for Your Company

Keep your business operations up-to-date with reliable commercial banking services from Frontier Bank. Whether your business is large or small or you operate a non-profit organization, you'll find banking services that meet the demands of today's financial realities. Our staff maintains ongoing training to ensure we are on top of today's market.

Corporations, partnerships, LLCs, and other business types are required to provide documentation when the account is opened and if the authorized signers change. Contact your local branch for a list of documents required to get your company set up with our bank.

Call or stop by any of our branches to speak with a staff member ready to help you reach your company's financial goals!

Business Checking Account

This commercial checking option is well suited for businesses with a moderate to high volume of checks, deposits, and frequent volume fluctuations. 

There is a $25.00 fee per statement cycle and a charge of $0.15 per debit item or $0.07 per foreign item. Based on your account balance, you may generate an earnings credit to offset checking account fees. A $0.30 credit per $100.00 daily average collected balance will be deducted from any service charge.

Business Interest Account

This type of account offers unlimited checking. If the account maintains a $2,500.00 daily minimum balance, the service charge will be waived, and interest will be paid on the daily collected balance. If the balance falls below $2,500.00 per statement cycle, a $5.00 service charge, plus a $0.15 per debit item service charge, will apply.

Non-Profit Organization Checking

Service charges can be waived with a $500.00 daily minimum balance. If the balance drops below the $500.00 daily minimum balance, a $1.00 handling fee per statement cycle will apply. Non-profit organizations are required to provide documentation in the form of minutes or a letter by an authorized officer indicating any change in authorized signers.

Hi-Yield Account

A $10,000 minimum opening deposit is required for a hi-yield account. A $10,000 minimum daily balance is required to AVOID service charge fees. If the balance drops below $10,000 per statement cycle, a $10.00 service charge fee will apply. Interest accrues daily and pays per statement cycle. A $10,000 minimum daily balance is required to earn the stated annual percentage yield. If the balance drops below $10,000, the stated annual percentage yield will revert to the stated savings annual percentage yield.

Six transfers are allowed per statement cycle at no charge. If over six transactions occur, a $5.00 charge per transfer will apply.

Money Market

Money market deposit accounts require a $1,000.00 minimum opening deposit. A $1,000.00 minimum daily balance is required to earn the stated annual percentage and avoid service charge fees. If the balance drops below $1,000.00 per statement cycle, a $5.00 service charge fee will apply. Interest accrues daily and pays per statement cycle. 

Six transfers are allowed per statement cycle at no charge. If over six transactions occur, a $5.00 charge per transfer will apply.

Savings

Our business savings accounts require a $100.00 minimum to open. They allow six transfers per month, and if more than six transfers occur, a $5.00 charge per transfer will apply. A quarterly maintenance fee of $10.00 will apply, but can be waived with a daily minimum balance of $300.00 or more.

Minor Savings (Under 25 Years)

$25.00 minimum to open

Six transfers allowed per month; ($5.00 charge per transfer after the first six transfers)

Quarterly service charge of $1.00

The quarterly maintenance fee can be waived with daily minimum balance of $25.00 or more.

Other Commercial Banking Options

Time Certificate of Deposit

Frontier Bank has customized investments available. We offer a wide range of terms at competitive rates.

Trust Accounts

We will manage and distribute your assets according to your specific instructions. This type of account does not have a bank guarantee and may lose value. It is NOT FDIC-insured.

Merchant Card Service

This service is available upon approval. We'll help set up your business for debit and credit card processing.

Merchant Capture

We help enable you to scan and transmit check deposits and data directly to us from your office computer. The software is web-based and is available via internet banking. Application and approval is required, and a monthly service charge of $30.00, including the scanner, is necessary.

Additional Commercial Account Information

• Interest rates on all interest bearing checking and savings accounts are variable and subject to change
• Simple interest is accrued on a daily collected balance
• Unless otherwise stated, an initial deposit of $100.00 is required to open any checking account
• There is a $5.00 charge to replace a lost ATM or debit card

Important Commercial Account Holders Notice

In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and Regulation GG, this notice is to inform you that restricted transactions are prohibited from being processed through your commercial account with our institution. Restricted transactions are transactions in which a person accepts funds, instruments, or other proceeds from another person in connection with unlawful internet gambling. For further information, please contact Frontier Bank at (719) 336-4351.