Deposit Services: For Your BusinessA A

Business Checking Accounts

Are you tired of everything getting more expensive, more complicated, and less convenient? What if your business checking account was affordably priced, met all your needs and you still received great service? Mercantile Bank is dedicated to meeting your financial needs. Whether you are a growing small business or a large corporation, we have an account made for you.

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Checking
Business
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Business NOW Corporate Checking Community Checking

Checking Basics

Minimum Opening Deposit $100 $100 $100 $100 $100
Minimum Daily Balance $0 $0 n/a n/a $0
Fee if Fall Below Balance $0 $0 n/a n/a $0
Monthly Service Fee $0 $0 $12.50 $20.00 $0
Number of Transactions (checks written, deposits made, deposited items) Allowed Without Charge Unlimited 300 0 0 300
Excess Transaction Fee Per Additional Item   $0.30     $0.30
Per Check Fee     $0.15 $0.15  
Per Deposit Fee     $0.15 $0.15  
Deposited Item Fee     $0.10 per foreign and local item, $0.05 for MB item $0.10 per foreign and local item, $0.05 for MB item  
Earnings Credit Rate to Offset Fees     Business NOW Rate Corporate Analysis Rate*  
Minimum Daily Balance to Earn Interest**     $1,500   $1,500
Apply Now Start-Up
Checking
Business
101
Business NOW Corporate Checking Community Checking

Optional Banking Services

eBusiness Banking Free Free Free Free Free
eBill Pay Free for first 90 days, $6.95 per month with unlimited transactions thereafter Free Free for first 90 days, $6.95 per month with unlimited transactions thereafter Free Free
eCash Management Free for first 90 days, $19.95 per month with unlimited transactions thereafter Free for first 90 days, $19.95 per month with unlimited transactions thereafter Free for first 90 days, $19.95 per month with unlimited transactions thereafter Free Free for first 90 days, $19.95 per month with unlimited transactions thereafter
Telephone Banking: Financial Connection Free Free Free Free Free
Analysis Statement n/a n/a Free Free n/a
eStatement Free Free Free Free Free
Sweep Service Free Free Free Free Free
Cash Management(per month) n/a $25 $25 $25 n/a
ACH Origination Including Direct Deposit Payroll (per file) $20 $20 $20 $20 $20
Per ACH Transaction Fee $0.10 $0.10 $0.10 $0.10 $0.10
CD-ROM Auto Reconciliation and Electronic Statement (monthly fee, for first account) $10 $10 $15 $15 $10
CD-ROM Auto Reconciliation and Electronic Statement (monthly fee, per additional account) $5 $5 $10 $10 $5
End of Year CD-ROM Electronic Statement $25 $25 $50 $50*** $25

* The Corporate Analysis Rate is subject to change daily.

** Due to FDIC Regulations, interest can be paid only to sole proprietors, non-profit organizations, and select public and government entities.

*** This fee is waived with a monthly CD-ROM Auto Reconciliation and Electronic Statement purchase.