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Business Checking Accounts

Accounts that meet your unique business needs.

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A perfect solution for your small Vermont business

We support local businesses like yours. Whether you’re looking for a simple solution for your new small business or nonprofit, or are running a larger operation, we have a checking account to meet your needs.

Benefits

  • Computer

    Online & Mobile Banking Options

    Free online and mobile banking includes eStatements and check imaging.

  • Bag With Dollar Sign

    $100 Minimum Opening Deposit

    Only $100 is required to open an account.

  • Credit Card

    Free Visa Debit Card

    Handle all your business’ needs knowing Visa Secure protects your purchases.

  • Store Front

    Specialized accounts

    Four different accounts offer unique solutions for nonprofit and for profit business owners.

Compare your options

  • Best for:

    Best for:

  • Dividends

    Dividends

  • Monthly fees

    Monthly fees

  • Monthly transaction fees

    Monthly transaction fees

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Business Basic Checking

  • Best for:

    Small Vermont businesses looking to simplify their checking.

  • Dividends

    This checking account does not earn dividends.

  • Monthly fees

    Free checking and no monthly fees if less than 25 transactions. $6 monthly fee if you exceed 25 items/transactions per month.

  • Monthly transaction fees

    After the first 25 transactions, credit/debit items are only $.25.

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Business Nonprofit Checking

  • Best for:

    Nonprofits that require more transactions per month than are offered by our Business Basic Checking.

  • Dividends

    Tiered interest structure rewards larger balances.

  • Monthly fees

    $6 monthly fee waived when the aggregate balance of your deposit and loan accounts is $4,000 or more.

  • Monthly transaction fees

    After the first 200 transactions, credit/debit items are only $.25.

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Get started

Small Business Checking

  • Best for:

    Businesses whose needs are beyond basic but still considered a small business.

  • Dividends

    Tiered interest structure rewards larger balances.

  • Monthly fees

    $6 monthly fee waived when the aggregate balance of your deposit and loan accounts is $7,500 or more.

  • Monthly transaction fees

    After the first 25 transactions, credit/debit items are only $.25.

Open an account
Get started

Business Checking

  • Best for:

    Businesses with higher volumes who are looking to receive the maximum return for funds invested. 

  • Dividends

    Tiered interest structure rewards larger balances.

  • Monthly fees

    $6

  • Monthly transaction fees

    The fee for credit and debit transactions is $.12.

Open an account
Get started
Open an account
Get started

Current rates

Business Basic Checking Account 1,2

Minimum Balance

APY

APY = annual percentage yield, effective as of 07/01/2020 and reflects the current minimum APY offered.

Minimum Balance

$100

APY

0.0%

Business Non-Profit Checking 1

Tier

Minimum Balance

APY

APY = annual percentage yield, effective as of 07/01/2020 and reflects the current minimum APY offered.

Tier

$100 – $999.99

Minimum Balance

$100

APY

0.00%

Tier

$1,000 – $4,999

Minimum Balance

$100

APY

0.00%

Tier

$5,000 – $9,999.99

Minimum Balance

$100

APY

0.00%

Tier

$10,000 – $24,999.99

Minimum Balance

$100

APY

0.00%

Tier

$25,000 and over

Minimum Balance

$100

APY

0.00%

Small Business Checking 1

Tier

Minimum Balance 

APY

APY = annual percentage yield, effective as of 07/01/2020 and reflects the current minimum APY offered.

Tier

$1,000 – $4,999.99

Minimum Balance 

$1,000

APY

0.00%

Tier

$5,000 – $9,999.99

Minimum Balance 

$1,000

APY

0.00%

Tier

$10,000 – $24,999.99

Minimum Balance 

$1,000

APY

0.00%

Tier

$25,000 and over

Minimum Balance 

$1,000

APY

0.00%

Business Checking Account 1

Tier

Minimum Balance

APY

APY = annual percentage yield, effective as of 07/01/2020 and reflects the current minimum APY offered.

Tier

$1,000 – $4,999.99

Minimum Balance

$1,000

APY

0.00%

Tier

$5,000 – $9,999.99

Minimum Balance

$1,000

APY

0.00%

Tier

$10,000 – $24,999.99

Minimum Balance

$1,000

APY

0.00%

Tier

$25,000 and over

Minimum Balance

$1,000

APY

0.00%

Additional features

Overdraft Protection

Our fixed-rate on demand credit line offers you a flexible reserve so you can cover checks and other withdrawals without any lag time and without needing to transfer funds.

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Business Debit Card

Our Business debit card provides access to your Business Checking accounts anywhere a Visa® debit card is used. ATM access allows you to withdraw cash, check your balance, or transfer funds almost anywhere. Individual cards are available for signers on the accounts.

With our Business debit card, you can also:

  • Make POS purchases wherever the Visa logo is displayed.
  • Receive text or email notifications when your card is used.
  • Save time by paying bills automatically.
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Open a Business Checking Account

You can apply for all of our Business Checking products by completing our fillable PDF form and mailing it or dropping it off at any branch location.

Complete application
Download form
Questions?
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Disclosures

1
– Fees may reduce earnings.
2
– Transactions includes all paper and electronic debits, credits, and items deposited.