State Savings Bank

Business Checking

We know that businesses change over time. That's why we offer a variety of commercial checking accounts so you can choose an account that fits now knowing that you can easily change to a different account as your business grows. Our business bankers are happy to help you open the account that makes sense for your circumstances.

Commercial Basic Checking

Our Commercial Basic checking account is designed for businesses with low transaction volumes and few or no additional service needs.

Minimum to Open: 

  $100.00

Allowable Transactions:

  No more than 70 total debits and credits per statement cycle

Service Charges:

  0 - 35 combined debits and credits incur no monthly service charge, 36 - 70 combined debits and credits incur a $10.00 monthly service charge

Statement Delivery Method:

  e-Statements are provided for no charge, paper statements are available for $5.00/month

Commercial Relationship Checking

Our Commercial Relationship checking account is a three-tiered account that combines balances from your qualifying accounts* to meet balance requirements. Allowable transactions and benefits increase as balances grow.

Minimum Balance Requirement:

$25,000.00 or more combined average monthly balance in Relationship checking and qualifying accounts

Service Charges:

No monthly service charge is incurred if the combined average monthly balance is at least $25,000.00. A minimum balance charge of $25.00 will be imposed for the statement cycle if the combined average monthly balance is less than $25,000.00.

Excess Transaction Charges:

An excess transaction service charge will be imposed for the statement cycle if total debits and credits exceed the tier's allowable transactions. You will not be assessed an excess transaction charge if you have also been assessed a minimum balance service charge for the statement cycle.

Tier 1:  Combined average monthly balance $25,000.00 - $49,999.99: 250 maximum debits and credits

Tier 2:  Combined average monthly balance $50,000.00 - $99,999.99: 350 maximum debits and credits

Tier 3:  Combined average monthly balance $100,000.00 or greater:  Unlimited debits and credits

Statement Delivery Method: 

Paper statements are provided for no charge

Complimentary Extra Services:

Remote Deposit is complimentary for all tiers. Tier 2 and Tier 3 include additional extra benefits.

Tier 2:  2 complimentary domestic wire transfers per statement cycle

Tier 3:  Unlimited complimentary domestic wire transfers

A qualifying account is a commercial checking or commercial savings account owned by the same entity.

Commercial Checking with Account Analysis

Commercial Checking with Account Analysis is for businesses with large transaction volumes or who require additional commercial services to operate efficiently. Account Analysis provides a finely detailed statement of all activity related to the account.

Minimum to Open:

  $100.00

Allowable Transactions:

  Unlimited debits and credits per statement cycle

Service Charges:

 The monthly service charge reflects the actual account activity during the statement cycle. Every statement cycle, a 1.00% earnings credit based on the average monthly collected balance is applied to offset transaction or service charges incurred for banking services. When the earnings credit is larger than the account's total transaction and service charges, there is no monthly service charge. When the transaction and service charges are greater than the earnings credit, the monthly service charge is computed by subtracting the earnings credit from the total transaction charges.

Statement Delivery Method:

Paper statements are provided for no charge


All commercial checking accounts may qualify for optional Overdraft Privileges. Please view our Overdraft Privilege Service Description for details.

Monthly service charges are subject to Iowa state sales tax. Additional fees may be assessed against your checking account for services not included in the monthly service charge. Click the button below to view details.

View Fee Schedule

 

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