Business Interest Checking

Description A checking account for all businesses with moderate transaction activity looking to earn interest on their deposits.
Benefits
  • Interest bearing
  • Available to all businesses
Minimum Opening Balance $50
Monthly Maintenance Fee $15 This can be waived:
  • Maintaining a $5,000 minimum daily balance, or
  • Maintaining a $10,000 average available balance
Interest Yes
Online and Mobile Banking1 FREE. Cash Management features including Wire Transfers, ACH Services, Remote Deposit Capture and Positive Pay available for additional fees.
Online Bill Pay FREE
Monthly Activity Fee(s) Up to 300 FREE processed transaction items2. Additional items are $0.40 each.

Description

A checking account for all businesses with moderate transaction activity looking to earn interest on their deposits.

Benefits

  • Interest bearing
  • Available to all businesses

Minimum Opening Balance

$50

Monthly Maintenance Fee

$15 This can be waived:

  • Enrolling in eStatements (saves $5)
  • Making a qualifying bill payment1 (saves $5)
  • Maintaining a $5,000 average available balance (saves $5)

Interest

Yes

Online and Mobile Banking1

FREE. Cash Management features including Wire Transfers, ACH Services, Remote Deposit Capture and Positive Pay available for additional fees.

Online Bill Pay

FREE

Monthly Activity Fee(s)

Up to 300 FREE processed transaction items2. Additional items are $0.40 each.

1 Montecito Bank & Trust does not charge for the Mobile Banking service; however, your wireless provider may charge for Internet access and text messages. Please check with your wireless provider. 2 Items include: regular deposits, deposited items, ATM deposits and withdrawals, transfers (in-person, online, automatic and telephone), manual loan payments, cashed checks, deposits received by mail, ACH debits, cashier check debits, officer approved checks and POS transactions (one-time and recurring).

What documents will you need to open a business account? Here's a simple checklist of required documents.