Business Checking

Prosperous businesses create prosperous communities. With this in mind, Solera National Bank has designed a variety of business checking accounts to help businesses like yours thrive. Compare your choices:

Value Checking

For Moderate Activity Business Checking
The natural choice for businesses with moderate activity, Value Business Checking enables you to write as many checks as you like and allows up to 150 transactions per monthly statement cycle at no charge. Add other services -- such as online Bill Pay service, debit cards, and merchant services -- if and when you need them.

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Product Value Business Checking
Description Ideal for businesses with moderate activity.
Minimum Deposit to Open Account $100.00
Minimum Balance to Avoid Basic Fee $1,500 minimum daily balance 
--or-- a $3,000.00 average collected balance
Basic Monthly Fee $8.00
Other Account Provisions
  • Unlimited check writing.
  • No charge for up to 150 transactions per monthly statement cycle (ledger debit, credit and deposited items). A fee of $0.25 is charged for each item in excess of 150.
How Interest is Paid Not Applicable
Visa®  Debit Card Yes
Overdraft Protection Line of Credit Yes, with approved credit.
Additional Features
  • Merchant Services: VisaTM, MasterCardTM, American ExpressTM, and DiscoverTM available (with approved credit).
  • Free VisaTM Debit Card.
  • After Hours Depository.
  • Free online banking.
  • Optional online Bill Pay service for a $5.50 monthly fee allows you to make up to 10 payments per month; make additional payments for $0.55 each.
  • Free telephone banking.
  • Free electronic or paper statements with images.
  • $1.00 per $1,000 currency/coin deposited over $5,000.00.
  • Dormant/inactive service charge fee of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.

Enterprise Checking

For Moderate to High Activity Business Accounts
For the business with a moderate to high volume of transactions, Enterprise Business Checking is an economical account with built-in flexibility, unlimited check writing privileges, and no minimum balance restrictions. An earnings credit applied to the account helps offset the transaction and basic monthly fees. You can enhance your account with other features as well.

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Product Enterprise Business Checking
Description Designed for businesses with a moderate to high volume of transactions.
Minimum Deposit to Open Account $100.00
Minimum Balance to Avoid Basic Fee Not Applicable
Basic Monthly Fee $10.00
Other Account Provisions
  • Unlimited check writing.
  • Fee of $0.12 per ledger debit, credit and deposited item.
  • Fee of $0.10 per electronic debit or credit posted.
  • A variable earnings credit is applied to offset the basic monthly fee and debit, credit and deposited item fees. Earnings credit rate will adjust monthly based upon current money market trends and conditions.
How Interest is Paid Not Applicable
Visa® Debit Card Yes
Overdraft Protection Line of Credit Yes, with approved credit.
Additional Features
  • No minimum balance required.
  • Merchant Services: VisaTM, MasterCardTM, American ExpressTM, and DiscoverTM available (with approved credit).
  • Free VisaTM Debit Card.
  • After Hours Depository.
  • Free online banking.
  • Optional online Bill Pay service for a $5.50 monthly fee allows you to make up to 10 payments per month; make additional payments for $0.55 each.
  • Free telephone banking.
  • Free electronic or paper statements with images.
  • $1.00 per $1,000 currency/coin deposited over $5,000.00.
  • Dormant/inactive service charge fee of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.

Progressive Checking

For Unlimited Check Writing and Interest Earnings
Interest earnings and unlimited check writing ability make Progressive Business Checking a preferred choice for businesses. The per-item fees are reasonable. In addition, the basic monthly fee is waived if you maintain a minimum monthly balance of $1,500 throughout the statement cycle.

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Product Progressive Business Checking
Description A good choice for businesses seeking unlimited check writing and market interest rate earnings on funds.
Minimum Deposit to Open Account $100.00
Minimum Balance to Avoid Basic Fee $1,500.00
Basic Monthly Fee $10.00
if minimum daily balance falls below $1,500.00 at any time during the statement cycle.
Other Account Provisions
  • Unlimited check writing.
  • Fee of $0.12 per ledger debit, credit and deposited item. Fee of $0.10 per electronic debit and credit posted. These fees are applied regardless of minimum balance maintained.
How Interest is Paid The daily balance method is used to calculate the interest on your account: Interest begins to accrue on the business day you deposit non-cash items (for example, checks). If you close your account before interest is credited, you will not receive the accrued interest.
Visa® Debit Card Yes
Overdraft Protection Line of Credit Yes, with approved credit.
Additional Features
  • Merchant Services: VisaTM, MasterCardTM, American ExpressTM, and DiscoverTM available (with approved credit).
  • Free VisaTM Debit Card.
  • After Hours Depository.
  • Free online banking.
  • Optional online Bill Pay service for a $5.50 monthly fee allows you to make up to 10 payments per month; make additional payments for $0.55 each.
  • Free telephone banking.
  • Federal tax deposits accepted.
  • Free electronic or paper statements with images.
  • $1.00 per $1,000 currency/coin deposited over $5,000.00.
  • Dormant/inactive service charge fee of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.

Affinity Checking

For Foundations and Charitable Non-Profits
Designed specifically for small business foundations and charitable nonprofits, this affordable and flexible account offers the right mix of features and low fees including unlimited check writing, no basic monthly fees, and no minimum balance requirements. Perks like free online banking and free statements with images make this account versatile as well as economical.

 

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Product Affinity Business Checking
Description Designed specifically for small businesses foundations and charitable nonprofits, this affordable and flexible account offers the right mix of features and low fees.
Minimum Deposit to Open Account $100.00
Minimum Balance to Avoid Basic Fee None
Basic Monthly Fee None
Other Account Provisions
  • Unlimited check writing.
  • No charge for up to 150 transactions per monthly statement cycle (ledger debit, credit and deposited items). A fee of $0.25 is charged for each item in excess of 150.
How Interest is Paid Not Applicable
Visa® Debit Card Yes
Overdraft Protection Line of Credit Yes, with approved credit.
Additional Features
  • Merchant Services: VisaTM, MasterCardTM, American ExpressTM, and DiscoverTM available (with approved credit).
  • Free VisaTM Debit Card.
  • After Hours Depository.
  • Free online banking.
  • Optional online Bill Pay service for a $5.50 monthly fee allows you to make up to 10 payments per month; make additional payments for $0.55 each.
  • Free telephone banking.
  • Free electronic or paper statements with images.
  • $1.00 per $1,000 currency/coin deposited over $5,000.00.
  • Up to $100 credit on your initial check order. 

Account Analysis Cash Management

Businesses looking to combine service charges and earnings credits from several checking accounts against their primary account find Account Analysis Cash Management an essential tool. Combining this powerful option with a free sweep transfer account or a free commercial revolving line of credit sweep account enables you to maximize your funds at all times.

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Product Account Analysis Commercial Checking
Description Designed to aggregate service charges and earnings credit from multiple checking accounts against a designated primary checking account. Monthly statement includes detailed account information and a summary of maintenance fees and service charges. Unused earnings credits in excess of service charges can be carried forward to subsequent statement periods.
Minimum Deposit to Open Account $100.00
Minimum Balance to Avoid Basic Fee Not Applicable
Basic Monthly Fee $15.00
Other Account Provisions
  • Unlimited check writing.
  • Fee of $0.12 per ledger debit, credit and deposited item.
  • Fee of $0.10 per electronic debit or credit posted.
  • Earnings credit calculation based on the average monthly collected account balance, less reserve requirement. Variable rate earnings credit will be applied to offset the basic monthly fee and debit, credit and deposited item fees. The earnings credit rate will adjust monthly based upon current money market trends and conditions.
  • If the average collected balance during your statement cycle is negative, your account will be assessed a fee calculated at 2% above the published Wall Street Journal printed rate in effect at the time your statement is cycled.
How Interest is Paid Not Applicable
Visa® Debit Card Yes
Overdraft Protection Line of Credit Yes, with approved credit.
Additional Features
  • No minimum balance required.
  • Merchant Services: VisaTM, MasterCardTM, American ExpressTM, and DiscoverTM available (with approved credit).
  • After Hours Depository.
  • Free online banking.
  • Optional online Bill Pay service for a $5.00 monthly fee allows you to make up to 10 payments per month; make additional payments for $0.55 each.
  • Free telephone banking.
  • Free electronic or paper statements with images.
  • $1.00 per $1,000 currency/coin deposited over $5,000.00.
  • Dormant/inactive service charge fee of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.
  • Free Sweep Transfer Account. Allows for a zero-balance account to use for payroll and other needs. Funds are swept from a primary operating account to the zero balance account to pay for debits as they are presented for payment.
  • Free Commercial Revolving Line of Credit Sweep Account. Allows customers to arrange an automated sweep to and from their checking account in order to advance or pay down their commercial revolving line of credit.
  • International Services. Wire transfers (U. S. or foreign currency); foreign drafts (U.S. or foreign dollars). You may present foreign drafts or checks for deposit to your Solera National Bank account on a collection basis. Fees calculated in account analysis. Refer to Fee Schedule.
  • Wire Transfers - wire funds from your Solera National account to another account domestically and internationally. Fees calculated in account analysis. Refer to Fee Schedule.
  • Dormant/inactive service charge fee of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.
  • ACH. Provides customer with electronic transfer capabilities for direct deposit/payroll, bill payment, customer-initiated electronic payments/receivables (e.g. health club membership dues, homeowner association fees), etc.

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