BUSINESS CHECKING ACCOUNTS
All of Covenant Bank’s Commercial checking accounts offer the following:
- Well-organized monthly statements.
- Availability of Covenant Bank's Business Visa Debit Card an ATM card and a Debit card.
Low Cost I Checking
This low cost checking account is a popular option among many small and mid-sized businesses with limited account activity. It's a no-frills account that enables businesses to obtain economical checking services.
With Low Cost I Checking, the initial deposit is $250. The first 50 transactions each statement period is included for a flat fee of $5.00 Transactions over 50 in a statement period are 50 cents each.
Account Benefits and Features of Low Cost I Checking
- Simple, straight forward business checking account.
- Predictable fees based on total transactions.
Low Cost II Checking
When your business banking transactions are more numerous, consider Low-Cost II Checking. This option is particularly good value for businesses that tend to maintain higher balances.
If you are in need of higher account activity, open a Low Cost II Checking with a minimum deposit of $500. Low Cost II Checking offers you up to 100 transactions each statement period for a flat fee of $10. Transactions over 100 in a statement period are 50 cents each.
Account Benefits and Features of Low Cost II Checking
- Higher number of transactions at a lower cost.
