With Small Business Checking1, MB offers small business owners a better money management tool.
Small Business Checking is FREE from the monthly service charge when you meet any one of the following requirements2:
- Your account has four or more MB Business Debit MasterCard® signature-based transactions per statement cycle OR
- Your account maintains a $5,000 or greater average balance per statement cycle OR
- Your business account is linked to other qualified MB accounts such as personal checking or savings (Certificates of Deposit do not qualify) that, when combined, have an average balance of $15,000 or more3.
Small Business Checking includes the following FREE options for qualified businesses2:
- Free 200 items processed per statement cycle.
- No charge for depositing up to $10,000 in cash per statement cycle.
- Free Internet Banking through ibankmb.com.
- Up to 20 free online bill payments per statement cycle through ibankmb.com.
- MB Business Debit MasterCard® with no annual fee.
- Free enrollment into My Bank...My Rewards Program where everyday expenses turn into merchandise, gifts and travel rewards1.
Small Business Checking grows with you. If you have more than $50,000 average balance for the monthly statement cycle in your MB Small Business Checking account, you will benefit from:
- Free 450 items per statement cycle. 50% discount on items exceeding transaction limits per statement cycle.
- 40 free bill pay transactions per statement cycle through ibankmb.com and $.50 per transaction for each item exceeding 40.
- No charge for depositing up to $25,000 in cash per statement cycle4.
With Small Business Checking, you can experience cost savings for higher combined balances. If you have more than $50,000 as a combined average balance of your qualifying related MB checking and savings accounts, you will benefit from a 50% discount on processed items exceeding 200 per statement cycle3.
Plus, with MB, you have enhanced options to access your funds including:
- Deposits processed until 7:00 p.m.
- Many locations open on most “bank” holidays, some locations open seven days a week.
- Telephone Banking Center assistance until 11:00 p.m., Mondays-Saturdays and until 5 p.m., Sundays.
Contact us to learn how Small Business Checking can meet your financial needs.
1The minimum balance to open an MB Small Business checking account is $100. Checking account statement cycle periods are all monthly. All pricing and fee changes for all MB Small Business Checking accounts are effective as of June 1, 2011. Other fees and restrictions may apply. See the bank’s customer fee schedule. See complete My Bank...My Rewards program rules.
2If you are unable to meet one of the above requirements, you will be charged a $15 monthly service charge for the MB Small Business Checking account. 200 items each statement cycle are free, after that a $1.00 charge per item applies; $10,000 in cash deposited free, after that the fee is $1 per thousand; the first 20 online bill pay transactions are free, with a $.50 fee for each additional bill pay in a statement cycle. Four MB Business Debit MasterCard® signature-based transactions must post to the account during each statement cycle. Other fees and restrictions may apply. See a banker for complete details.
3Qualifying related accounts include MB checking and savings accounts (does not include CDs or analysis fee accounts). The period we use to calculate the average balance for this account is your monthly statement cycle. The period we use to calculate the average balance for the related accounts starts with your last statement date for each related account and ends with the statement date for this account.
4Cash deposit fee for balances $25,001-75,000 is $.50 per $1000; fee for balances $75,001 and above is $1 per $1000. See a banker for complete details.