Small Business
When you're running a small business or start-up, you don't have time to waste. Or money. We offer a checking account that helps save you both.
Greater efficiency. Less overhead. We can make that happen.
For small business owners, hard work and good planning are keys to success. So are reliable partnerships. We provide everyday support to Alabama businesses with a checking option that controls expenses while providing money management tools that save time and reduce workload.
- Ideal for businesses with relatively low paper check and cash transaction volumes
- $100 minimum opening deposit
- 150 free transactions per month1
- Free Online and Mobile Banking2
- Business Bill Pay and mobile check deposit available3
- Debit cards for fast, easy purchases online and in stores
- No overdraft charges for insufficient funds of $5 or less4
Waiving Fees
Small Business Checking has a monthly fee of $10. We'll waive the charge if your business does at least one of the following:
- Enrolls in Merchant Services
- Maintains a $5,000 minimum checking balance
- Maintains $25,000 combined deposit and loan balances4 at Bank Independent
Disclosures
1 An additional charge will apply to process more than the listed number of items
2 Carrier data charges may apply
3 Requires separate enrollment. See a Business Banking Specialist for additional details.
4 An NSF/Overdraft fee will not be charged to an account if the ending daily balance in the account is overdrawn by $5.00 or less.
We will charge an NSF/Overdraft fee of $36 for each presentment that overdraws your account. We will not charge more than 6 NSF/Overdraft fees to your account in one business day. An NSF fee is a charge that is assessed when a presentment is returned by the bank due to insufficient funds in the account. An overdraft fee is a charge assessed when a presentment is paid by the bank on an account with insufficient funds. Standard overdraft practices apply when you have authorized us to pay, and we have agreed to pay checks and other transactions causing an overdraft through automatic bill payment and for checks and other transactions made using your account number. Whether your overdraft item will be paid is discretionary and we reserve the right not to pay. We will not authorize and pay overdrafts for ATM transactions or everyday debit card transactions unless you ask us to. Deposits are required within 45 days of an overdraft. If an overdraft is not paid in full within this period, your account is subject to close. See a Personal Banker for details on minimum balance requirements and monthly maintenance fees for all deposit accounts. (Schedule of fees)
We will charge an NSF/Overdraft fee of $36 for each presentment that overdraws your account. We will not charge more than 6 NSF/Overdraft fees to your account in one business day. An NSF fee is a charge that is assessed when a presentment is returned by the bank due to insufficient funds in the account. An overdraft fee is a charge assessed when a presentment is paid by the bank on an account with insufficient funds. Standard overdraft practices apply when you have authorized us to pay, and we have agreed to pay checks and other transactions causing an overdraft through automatic bill payment and for checks and other transactions made using your account number. Whether your overdraft item will be paid is discretionary and we reserve the right not to pay. We will not authorize and pay overdrafts for ATM transactions or everyday debit card transactions unless you ask us to. Deposits are required within 45 days of an overdraft. If an overdraft is not paid in full within this period, your account is subject to close. See a Personal Banker for details on minimum balance requirements and monthly maintenance fees for all deposit accounts. (Schedule of fees)
5 The combined balance is calculated by adding the lowest daily balance that occurred in each of your deposit and loan accounts during your statement cycle.