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
- Frist 150 items per month processed at no charge, $0.10 for each additional item
- Earns competitive interest rate
- First order of checks free
Merit Analyzed Business
- $100 minimum opening deposit required
- No balance requirement
- Unlimited items processed
- Analysis Fees Schedule
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
- Earns competitive interest rate
Compare Business Accounts
Accounts | Merit Business Checking | Merit Non-Profit for Business Checking | Merit Analyzed Business | Merit IOLTA | Merit Business Money Market |
|---|---|---|---|---|---|
| Opening Deposit | $100 | $100 | $100 | $100 | $100 |
| 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 | Unlimited |
| Earns Interest | No | Yes | No | Yes | Yes |
| 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 | Unlimited |
| Free Checks | First order free | First order free | First order free | First order free | First order free |
| Other Features & Benefits | Debit Card with Card Valet, Mobile Banking, Online Banking, e-statements & Bill Pay | Debit Card with Card Valet, Mobile Banking, Online Banking, e-statements & Bill Pay | Debit Card with Card Valet, Mobile Banking, Online Banking, e-statements & Bill Pay | Mobile Banking, Online Banking, e-statements & Bill Pay | Mobile Banking, Online Banking, e-statements |