We're in the business to help your business!
We understand that businesses have unique financial needs, and we are here to support your success. That's why our wide range of business checking options is designed to help your business thrive.
Each of our Business Checking Accounts offers distinct advantages, ensuring that you find the perfect fit for your specific requirements; however, all offer the following:
- FREE Peoples Bank Mastercard® Debit Card
- FREE Online Banking
- FREE Mobile Banking with Mobile Deposit
- FREE Bill Pay
- FREE E-Statements with Online Check Images
- FREE Thank You Gift
- BUY BACK of Your Debit Cards & Unused Checks from Another Financial Institution
Simply Free Business Checking
Perfect for most businesses!
Perfect for most businesses!
- 1,000 FREE monthly transaction items
- No minimum balance
- No monthly service charge
- Up to $10,000 currency deposited per month FREE
Business Interest Checking
Designed for sole proprietorships and non-profits.
- 1,000 FREE monthly transaction items
- Competitive interest
- Only $1,500 minimum balance to avoid a low monthly service charge of $10.00 (plus tax)
- Up to $10,000 currency deposited per month FREE
Commercial Checking
For businesses with more complex banking needs.
- Earnings credit allowance on deposit balances may offset activity fees
- Only $10 monthly service charge (plus tax)
- Transaction items are just 10¢ each
- Coin and currency deposits just 50¢ per $1,000
Choosing the right business checking account
At Peoples Bank, finding the right products for your business is our priority. Our knowledgeable staff takes the time to research and explain your options. We don’t have a one-size-fits-all menu of products and services. Our banking options are tailored to the unique needs of our customers and communities. We serve businesses of all types and sizes, from small start-ups to established big businesses. Let us help improve your cash flow and fuel growth for your business with one of our Peoples Bank Business Checking Accounts.
Peoples Bank Mastercard® Business Debit Card
Your Peoples Bank Mastercard® Business Debit Card is eligible for benefits from Mastercard®. The Guide to Benefits contains detailed information regarding the benefits you can access as a preferred Peoples Bank Mastercard® Business Debit Cardholder.
Why should businesses partner with Peoples Bank?
In addition to the benefits mentioned earlier, our dedicated team is ready to provide personalized guidance to help you select the ideal Business Checking Account that aligns with your goals and objectives. Contact us today or visit one of our 10 bank locations in Northwest Iowa, Southwest Minnesota, and Southeast South Dakota to discover how we can help your business reach new heights.
*Minimum opening deposit is only $25. Ask us for details. Bank rules and regulations apply. Other fees such as overdraft paid and overdraft returned fees, etc. may apply. See fee schedule for details. Transaction items include all debits and credits. If the Simply Free Business or Business Interest account exceeds 1,000 free monthly transaction items, the account may be converted to another checking product. If the Simply Free Business or Business Interest account exceeds $10,000 in monthly coin and currency deposits, the account may be converted to another checking product.
Dormant Accounts – Accounts with daily ledger balances below $1,000 will be charged $2.50 per month if dormant for one year or more.
Rate Information – This is an interest-bearing account. The interest rate and annual percentage yield (APY) will depend on daily balance. The interest rate and APY may change. Interest will begin to accrue the business day we receive credit for the deposit of non-cash items (i.e. check).
Free gift may be reported on a 1099-INT or 1099-MISC. Free gift provided at the time of account opening. We reserve the right to substitute a gift of similar value. Up to $10 for checks and debit cards from another financial institution given at the time the checks/debit cards are presented.
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