Business Accounts

 

We’re proud to offer an array of Business Checking options. Our New Accounts professionals are ready to assist you in selecting the account that best suits your unique financial needs.

Merit Business Checking

  • $100 minimum opening deposit required
  • Monthly maintenance fee of $10 is waived if you maintain an average daily balance  of $500 or more
  • 200 items processed, 0.10 for each additional item
  • First order of checks free
  • Complimentary Debit Card & Cashier Checks

Merit Non-Profit for Business Checking

  • $100 minimum opening deposit required
  • No balance requirements
  • 150 debits per statement
  • 150 credits per statement
  • Flat interest rate
  • First order of checks free

Merit Analyzed Business

  • $100 minimum opening deposit required
  • No balance requirement
  • Unlimited items processed
  • Analysis Fees Schedule

Reorder Checks

Reorder checks through our preferred check vendor, Harland Clark.

Reorder Checks

 

Merit IOLTA

  • $100 minimum opening deposit required
  • No balance requirement
  • Unlimited items processed

Merit Business Money Market

  • $100 minimum opening deposit required
  • Monthly maintenance fee of $15 is waived if you maintain an average daily balance of $2,500 or more
  • Tiered interest rate
  • Six (6) withdrawals per month

Compare Business Accounts

AccountsMerit Business CheckingMerit Non-Profit for Business CheckingMerit Analyzed BusinessMerit IOLTAMerit Business Money Market
Opening Deposit $100 $100 $100 $100 $1,000
Average Daily Balance to Avoid Monthly Maintenance Fee $500 None None None $2,500
Monthly Maintenance Fee

$10

None Based on Analysis Schedule None $15
Item Processing Limits 200 items processed,
0.10 for each additional item
150 items processed,
0.10 for each additional item
Based on Analysis Schedule 200 items processed,
0.10 for each additional item
6 checks or withdrawals per statement cycle
Earns Interest No No No Yes, flat interest rate Yes, tiered interest rate
Withdrawals Allowed per Month 200 debits and/or credits per statement
cycle
150 debits and/or credits per statement
cycle
Based on Analysis Schedule 200 debits and/or credits per statement
cycle
6 checks or withdrawals per statement cycle
Free Checks First order free First order free First order free First order free First order free
Other Features & Benefits Complimentary Debit Card & Cashier Checks Complimentary Debit Card & Cashier Checks Complimentary Debit Card & Cashier Checks Complimentary Debit Card & Cashier Checks Complimentary Debit Card & Cashier Checks
Find UsLocation & Hours ReorderChecks Online Contact Usby eMail Merit BankAbout Us

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