Business Checking & Savings

At 1st Trust Bank, we look to offer products that allow our customers to stay in touch with us and their finances on the go.

From comprehensive online banking at your home or office to our mobile banking solution through your smartphone, we strive to embrace technology while realizing that it means nothing without the people behind the products taking care of those who have allowed us to grow since 2004, you the customer. We trust you will find the product right for you.

We can offer the services you need for your business, like ACH Origination and Remote Deposit Capture (subject to approval).

All Accounts Include

FREE ATM/Debit Card • FREE Online Banking, Bill Pay and Mobile Banking with enrollment

Free check images with monthly statement for easy record keeping

Truly Free Business Checking

Perfect for most businesses!

Only $50 to open
1,000 FREE monthly transaction items
No minimum balance
No monthly service charge
Free Thank You gift at account opening (Limit of 1 per new account)
Buy Back of debit cards and unused checks of $10 (issued as credit to account)

Business Interest Checking

For businesses that want to earn interest!

Only $50 to open
1,000 FREE monthly transaction items
Competitive Interest
Only $5,000 minimum balance to avoid a low monthly fee of $6
Free Thank You gift at account opening (Limit of 1 per new account)
Buy Back of debit cards and unused checks of $10 (issued as credit to account)

Commercial Checking

For businesses with more complex needs!

Only $50 to open
Earnings credit allowance on deposit balances may offset activity fees
Only $15 monthly service charge
Transaction items are just 15 cents each.
Coin and currency deposits are just 50 cents per $1,000
Free Thank You gift at account opening (Limit of 1 per new account)
Buy Back of debit cards and unused checks of $10 (issued as credit to account)

Beneficial Ownership - What you need to know

Beginning on May 11, 2018, all banks will be subject to a new rule under the Bank Secrecy Act when opening an account on behalf of a business or covered “legal entity". It is intended to assist the government and law enforcement in the ongoing fight against money laundering and the financing of terrorism. When an account is opened on behalf of a business, or covered “legal entity,” we will be required to ask you for certain identifying information of the “beneficial owners” of the business.

The rule defines a beneficial owner as:

Each individual that has 25 percent or more of the equity interest in the business (ownership prong); and
One individual that has the authority to exercise control of the legal entity (such as a CEO, executive officer or treasurer) otherwise known as “control prong" Each time a new account is opened, you will be required to provide the following information for each Beneficial Owner:
Name
Address
Date of Birth
Social Security number or Passport number and country of issuance, or other similar identification
In addition, you will need to provide a legible copy of each Beneficial Owners identification and signed certification form attesting to the accuracy of the information provided. This information must be collected whether or not the individuals are bank clients.

If your business will frequently need to open new accounts or loans with us, please keep this information current and on file for future use.

If you have any questions, please don’t hesitate to contact us at any of our locations. We greatly appreciate your business and look forward to helping grow your business together.