Get an account for your business that manages banking your way
In running your business, you have choices. At Mercantil Commercebank, we think you should also have choices when it comes to selecting a bank account. That’s why we offer a full range of checking and savings accounts that will be the right choice for any type of business. Pick an account that’s right for you based on the number of transactions you perform each month or the balance you foresee having in your account. Visit a Banking Center to open an account today.
Checking Accounts to Handle Your
Day-to-Day Banking Needs
MCB Business Checking
If you just opened your business or make less than 150
transactions each month, you’ll benefit from a simple account where you never need to worry about maintaining a minimum balance. You’ll also get all the account extras you need to make banking convenient – including online access to your statements.
- There’s no monthly service fee if you sign up to
receive monthly Online Statements. Otherwise,
a $10 monthly
service fee applies
- Up to 150 free transactions per statement cycle
- $0.30 per transaction in excess of 150 applies
For account information and fees click here.
MCB Business Checking Plus
If you make between 150 and 400 transactions per month, get an account that is tailored just for you.
- There’s no monthly service fee if you maintain a
$5,000 average balance per statement cycle OR
- Maintain a combined monthly average balance of $25,000 in other deposit or loan accounts with Mercantil Commercebank (excluding credit card balances). Otherwise, a $20 monthly service fee applies
- Up to 400 free transactions per statement cycle
- $0.30 fee per transaction in excess of 400 applies
For account information and fees click here.
MCB Business Analysis
If you normally conduct a very high number of monthly transactions and maintain a substantially high balance in your account, you’ll benefit from earning credits that can help offset monthly fees.
For account information and fees click here.
MCB Business Interest Checking
If you maintain a substantially high balance in your account and low transaction activity while seeking to earn a competitive rate, this account is exclusively for you. The added benefit is the opportunity to earn interest.
- There's no monthly service fee if you maintain
a $5,000 average balance per statement cycle. Otherwise, a $20 monthly service fee applies
- Up to 20 free transactions per statement cycle
- $0.30 fee per transaction in excess of 20 applies
For account information and fees click here.
MCB Business Trust (IOTA)
Benefit from tiered interest rates on accounts held in trust or escrow on behalf of a third party. This account will allow you to enjoy no monthly service fees and the benefits of an interest checking account, with simplified bookkeeping and submissions for interest earnings to the stat's IOTA/IOLTA funds.
For account information and fees click here.
Savings Accounts to Earn Interest
on Idle Cash
MCB Business Savings
If you’d like to save for a special business purchase, transfer funds from your checking account or make a deposit directly into an account to earn interest the safe and secure way, this account is the right choice for you.
- There’s no monthly service fee if you open it
with any business checking account at Mercantil
Commercebank. Otherwise, a $10 monthly
service fee applies
- Up to 6 free debit transactions or transfers per
statement cycle
- $5 per withdrawal or transfer in excess of
6 applies
For account information and fees click here.
MCB Business Money Market
Get the best of both worlds - a savings account that earns interest plus limited check writing where you can perform a limited number of transactions each month. Enjoy tiered high yield interest rates on your balance.
- There’s no monthly service fee if you maintain a
$5,000 average balance per statement cycle OR
- Maintain a combined monthly average balance of $25,000 in other deposit or loan accounts with Mercantil Commercebank (excluding credit card balances). Otherwise, a $10 monthly service fee applies.
For account information and fees click here.
Rev.: December, 2011 | Back to top |
