MB Small Business Checking
Designed for the busy small business owner who’s juggling both personal and business accounts.1 footnote
Benefits
Skip Benefits bullets/links- Avoid the monthly service charge and get added benefits by combining balances from your business and personal accounts to meet the minimum balance2 footnote
- Get up to 200 items processed free per statement cycle3 footnote
- No charge for depositing up to $10,000 in cash per statement cycle3 footnote
- Get up to 20 free online bill payments per statement cycle3 footnote
- No annual fee on a MB Business Debit MasterCard®
Even more benefits with a $50,000 average balance in this account
Skip Even more benefits with bullets/links- Get up to 450 items processed free per statement cycle, and a 50% discount on items exceeding transaction limits per statement cycle
- Get up to 40 free online bill payments per statement cycle3 footnote
- No charge for depositing up to $25,000 in cash per statement cycle4 footnote
Features
Skip Features bullets/links- Free Internet banking
- Online bill pay
- 24-hour access to Phone Access Line (PAL)
- Deposits processed until 7:00 p.m.
- Some locations open 7 days a week and on traditional bank holidays
What's next?
MB Small Business Checking is free from monthly service charges when you meet one of these requirements3 footnote:
Skip Free from monthly service charges when you bullets/links- You have 4 or more signature-based debit card transactions per statement cycle, or
- You maintain at least a $5,000 balance each statement cycle, or
- Your account is linked to other qualified MB accounts that have a combined average balance of $15,000 or greater2 footnote
Qualify for an extra benefit when you maintain at least a $50,000 balance in your related accounts. Remember, you can combine personal and business balances to hit the minimum balance.2 footnote
Minimum opening balance of $100 needed.
What's next?
This product could be right for you if
You’re running a small business in addition to managing your personal finances.
Apply in person
Stop by one of our convenient banking centers located throughout Chicagoland and we’ll be happy to help you open your new MB account.
We'll come to you
We know how busy you are, so we’ll come to your place of business to discuss your options and get the appropriate information and documentation to open your account.
Please complete our contact form and a business banker will contact you to schedule an appointment.
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1 The minimum balance to open a MB Small Business Checking account is $100. Checking account statement cycle periods are all monthly. All pricing and fees for all MB Small Business Checking accounts are effective as of June 1, 2011. Other fees and restrictions may apply. Speak to your business banker for applicable service fees. Back to top
2 Qualifying 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. Back to top
3 If you are unable to meet one of these requirements: 4 or more signature-based debit card transactions per statement cycle, or maintain at least a $5,000 balance each statement cycle, or have an account that is linked to other qualified MB accounts that have a combined average balance of $15,000 or greater; 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 charge per item applies; $10,000 in cash deposited free, after that the fee is $1 per $1000; the first 20 online bill pay transactions are free, with a $0.50 fee for each additional bill pay in a statement cycle. 4 MB Business Debit MasterCard® signature-based transactions must post to the account during each statement cycle. Other fees and restrictions may apply. Speak to your business banker for complete details. Back to top
4 Cash deposit fee for balances $25,001-75,000 is $0.50 per $1000; fee for balances $75,001 and above is $1 per $1000. Speak to your business banker for complete details. Back to top
