As a business owner, you understand the importance of managing your finances. Therefore, Kensington Bank offers two comprehensive Business Checking Accounts to best fit your company’s financial needs.
Our Small Business Checking offers a generous activity allowance – up to 250 combined items – with no monthly fees. Businesses with larger volumes and those who want to earn interest will enjoy Premier Business Checking. Both accounts provide a long list of additional benefits. See the chart below for details.
Non-Profit Organization? Please choose the account that best meets your needs. Enjoy no monthly fees and additional benefits when your account activity is less than 250 items (Small Business Checking) or 500 items (Premier Business Checking). See the chart below for details.
Information for Small Business Checking
ACCOUNT REQUIREMENTS
None
MINIMUM OPENING DEPOSIT
$100
MINIMUM DAILY BALANCE
None
INTEREST RATE
None
VOLUME PARAMETERS
Up to 250 combined items per statement cycle, including: deposits, deposited items, checks & debits of any type.
MONTHLY FEES
None. If volume exceeds 250 during the statement cycle, there is a $25 fee plus $.20 for each item over 250.
ADDITIONAL BENEFITS
Free Digital Banking
Free Bill Pay1
Free Mobile Deposit
Free Business Debit Card2
Check images w/ Paperless Statements ($5 paper statement fee)
Business LOC Available2,3
Rewards Credit Card 2,3
Cash Management Services:2,3
Remote Deposit2,3
Merchant Card Processing3
Information for Premier Business Checking
ACCOUNT REQUIREMENTS
MINIMUM OPENING DEPOSIT
$100
MINIMUM DAILY BALANCE
None
INTEREST RATE
Tiered based on daily balance
VOLUME PARAMETERS
Up to 500 combined items per statement cycle, including: deposits, deposited items, checks & debits of any type.
MONTHLY FEES
None. If volume exceeds 500 during the statement cycle &/or if the 2 requirements aren’t met, there is a $25 fee plus $.20 for each item over 500.
ADDITIONAL BENEFITS
Free Digital Banking
Free Bill Pay1
Free Mobile Deposit
Free Business Debit Card2
Check images w/ Paperless Statements ($5 paper statement fee)
Business LOC Available2,3
Rewards Credit Card 2,3
Cash Management Services:2,3
Remote Deposit2,3
Merchant Card Processing3
We offer a comprehensive array of Treasury Management tools to help you manage your finances – free online banking, free online bill pay, free mobile banking & mobile deposit, payroll processing, ACH origination, sweep options, remote deposit capture, merchant card processing, credit and debit cards, health savings accounts, retirement accounts and more. See the chart for more details and talk with a banker to learn how these tools can meet your business needs.
When you need additional funds for your business, talk with us. We offer a variety of financing options to help you manage your cash flow needs, make purchases, fund your growth, acquire property and more – business loans & lines of credit, commercial real estate loans, equipment loans, agricultural loans – we want to partner with you to help you create greater success for your business.
Stop by any of our offices, give us a call at (866) 965-2419, or contact us.
At Kensington Bank we understand local community businesses because hey, we’re one too! It is important to save for future expenses, emergencies, and to fill cash flow gaps should they occur. That’s why Kensington bank offers two different options to save for your business with competitive rates, and easy accessibility.
See below for details.
Information for Business Money Market Savings
ACCOUNT REQUIREMENTS
None
MINIMUM OPENING DEPOSIT
$2,500
MINIMUM DAILY BALANCE
$2,500
INTEREST RATE
Tiered based on daily balance
$0 – $24,999
$25,000 – $99,999
$100,000+
FALL BELOW FEE
$5 Monthly Fee if minimum daily balance not met
ADDITIONAL BENEFITS
Free Digital Banking
Information for Business Basic Savings
ACCOUNT REQUIREMENTS
None
MINIMUM OPENING DEPOSIT
$25
MINIMUM DAILY BALANCE
$25
INTEREST RATE
Variable Annual Percentage Yield
FALL BELOW FEE
$5 Quarterly Fee if minimum daily balance not met
ADDITIONAL BENEFITS
Free Digital Banking
*If your daily balance falls below $150,000, the following fees will apply that month:
Remote Deposit + $20 scanner rental fee + $50 monthly service fee + $.07 transaction fees; Payroll Processing + $20 per month.
We offer a comprehensive array of cash management tools to help you manage your finances – free online banking, free online bill pay, free mobile banking & mobile deposit, payroll processing, ACH origination, sweep options, remote deposit capture, merchant card processing, credit and debit cards, health savings accounts, retirement accounts and more. See chart for more details and talk with a banker to learn how these tools can meet your business needs.
When you need additional funds for your business, talk with us. We offer a variety of financing options to help you manage your cash flow needs, make purchases, fund your growth, acquire property and more – business loans & lines of credit, commercial real estate loans, equipment loans, agricultural loans – we want to partner with you to help you create greater success for your business.
Stop by any of our offices or give us a call at 800-550-2146 to make an appointment with a Universal Banker to learn more.