Business Checking | Independent Bank

No-Fees*

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Business ONE

No-Fee^* Business Checking

Great for small business, sole proprietors, and non-profits looking to keep costs low
Avoid a $10 monthly fee with a $1,000+ average daily balance or eStatements.
Non-interest bearing
500 FREE transactions per month, then $0.50 per item
$25,000 in FREE cash deposits per month then $1.50 per $1,000***
For deposits exceeding $50,000, the same $1.50 per $1,000 fee applies.

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Earn Interest

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Business Flex

Earn More with a Higher Balance

Great for growing businesses that need more flexibility and to earn interest
$15 monthly service fee
Competitive variable interest rate
No minimum balance requirement
Monthly per item fees:
$0.25 per check/debit
$0.50 per deposit/credit
$0.15 per deposited item
$0.15 per ACH debit/credit
Lower cash deposit fees at $1.00 per $1,000

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Unlimited Transactions

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Eagle Advantage

Checking with Earning Power

Great for high-volume businesses with higher transaction activity
$15 monthly service fee (can be offset with earnings credit)
Non-interest bearing
No minimum balance requirement
Monthly per item fees:
$0.25 per check/debit
$0.50 per deposit/credit
$0.15 per deposited item
$0.15 per ACH debit/credit
Unlimited transactions
Premium cash handling benefits at $1.00 per $1,000

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Earn up to $500** with a New Business Checking Account

Open an Account

Complete our online application or visit your local branch to open an account.

Move Your Money &

Earn $250 when you deposit $3,000 in new money within 30 calendar days of account opening and maintain that $3,000 as a minimum balance for a minimum 90 calendar days.

Swipe Your Debit Card

Earn $250 when you swipe your new debit card 20 times within the first 90 calendar days of opening your account.

Business Checking FAQs

Answers to Common Questions About Business Checking Accounts

What do I need to open a business account?

All applicant(s) will need to provide their Social Security number, date of birth, occupation, and physical address. Applicant(s) must be an authorized officer of the business and a U.S. resident.
The business should be legally formed in the U.S. and have operations in Michigan.
The applicant(s) will need to provide the legal business name, address, business tax ID number, the date the business was established, as well as any supplemental business documents requested.

Will I be able to request a debit card with my business account?

Yes, a free business debit card is included with your account.

Which accounts can I open online?

The Business ONE Checking account can be opened online.

How do I get started with Treasury Management services?

Contact our Treasury Management team to discuss your business needs and set up services.

*If eStatements are not selected, or an average daily balance of $1,000 or greater is not obtained, a $10/month service fee will be assessed. The first 500 items (including checks/paid debits, deposits/credits, and deposited items) processed each month are free. Any additional items will incur a fee of $0.50 per item. Currency and coin deposits are free for the first $25,000 deposited each month. For deposits between $25,001 and $50,000, a fee of $1.50 per $1,000 will apply. For deposits exceeding $50,000, the same $1.50 per $1,000 fee applies. Accounts are subject to standard account opening guidelines. Other fees and restrictions may apply.

**Subject to 1099-INT reporting. Offer paid out within 120 calendar days of qualification for each individual bonus. Valid for new checking account customers only. Cannot be combined with any other offer. Account must be in good standing to receive the bonus. Offer Begins February 20, 2025 and is subject to change or termination at any time.

***For deposits between $25,001 and $50,000, a fee of $1.50 per $1,000 will apply. For deposits exceeding $50,000, the same $1.50 per $1,000 fee applies.