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, etc., are required to provide documentation at the time the account is opened and at such time the authorized signers change. Contact your local branch for a list of documents required.
Call or stop by any of our branches to speak with a staff member ready to help you reach your financial goals.
Business Checking Account
This is the perfect account for most local and / or small businesses. There is a $5.00 monthly fee plus $0.15 per debit item per statement cycle. Based on your account balance, you may generate an earnings credit to offset checking account fees. A $0.30 credit per $100.00 on the daily average collected balance will be deducted from the service charge per statement cycle.
High-Volume Business Checking
Commercial Checking 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. $0.15 per debit item — $0.07 charge per foreign item. Based on your account balance, you may generate an earnings credit to offset checking account fees. $0.30 credit per $100.00 daily average collected balance will be deducted from service charge.
Business Interest Account
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 $0.15 per debit item service charge will apply.
Non-Profit Organization Checking
The service charge will be waived on 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.
A $10,000 minimum opening deposit is required. 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 (6) transfers are allowed per statement cycle at no charge. If over 6 transactions occur, a $5.00 charge per transfer will apply.
Money market deposit accounts require a $1,000.00 minimum opening deposit. A $1,000.00 minimum daily balance is required to 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.
A $1,000.00 minimum daily balance is required to earn the stated annual percentage yield. Six (6) transfers are allowed per statement cycle at no charge. If over 6 transactions occur, a $5.00 charge per transfer will apply.
$100.00 minimum to open. Six (6) transfers allowed per month; if more than six transfers occur, a $5.00 charge per transfer will apply. Quarterly maintenance fee of $10.00, waived with a daily minimum balance of $300.00 or more.
Other Banking Options
Time Certificate of Deposit - Customized investments available. We offer a wide range of terms at competitive rates.
Trust Accounts - Manage and distribute your assets according to your specific instructions. No bank guarantee - may lose value - NOT FDIC INSURED.
Merchant Card Service available upon approval. Let us help you set up your business for debit and credit card processing.
Firserv Merchant Source Capture – Enables our customers to scan and transmit check deposits and data directly to us from their office computer. The software is web based and available via internet banking. Application and approval required. Monthly service charge of $30.00, includes scanner.
Important Notice to Commercial Account Holders
Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and Regulation GG Commercial Account 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.
Federal Regulation D places a monthly limit on the number of transfers you may make from your savings account and/or money market account without your physical presence being required. Transfers affected by this regulation include: transfers made using online banking, transfers made using telephone banking, overdraft transfers, transfers made by customer service representative on your behalf and preauthorized, automatic, scheduled or recurring transfers. You are allowed SIX such transfers per month, per account.
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.