Checking Accounts
Settlers Bank is a small business, owned and operated by people who live right here in the Mid-Ohio Valley. We can help you grow your business with a number of banking options that will help you manage your cash flow and get you back to doing what’s most important to you.
Small Business Checking
Non-interest bearing checking account designed for start-up businesses or businesses with a low volume of deposits and minimal check-writing activity.
- $100 minimum deposit to open the account.
- $5 monthly service fee may be waived with $1,000 minimum daily balance.
- No monthly service fee for non-profit organizations as defined by IRS Code §501 C(3)-(4).
- Customers are permitted up to 200 items during a statement cycle.
- Excess transactions will be charged at a rate of $0.15 for each additional debit or credit.
- No-fee, 24-hour touch-tone banking service.
- Check images provided with monthly statement.
Commercial Checking
Non-interest bearing checking account designed for businesses with high transaction volumes.
- $200 minimum deposit to open the account.
- Account analysis fees are waived for the first three statement cycles.
- Compensating balance and earnings credit may offset the monthly service fee.
- The earnings rate is variable and is based on the prior month average of the 91-Day T-Bill auction rate. If the analysis results in a net fee, those charges will be deducted from the account monthly.
- No-fee, 24-hour touch-tone banking service.
- An account analysis statement will be provided monthly that details the level of account activity and corresponding service fees. Please contact a Settlers Financial Services representative for a copy of the commercial account analysis that outlines the fee schedule.
- Check images provided with monthly statement.
Business NOW Account
Interest-bearing checking account with unlimited check writing privileges. Available only to sole proprietorships and non-profit organizations that exist primarily for religious, philanthropic, charitable, educational or similar purpose.
- $1,000 minimum deposit to open the account.
- Account analysis fees are waived for the first three statement cycles.
- Compensating balance and earnings credit may offset the monthly service fee.
- The earnings rate is variable and is based on the prior month average of the 91-Day T-Bill auction rate. If the analysis results in a net fee, those charges will be deducted from the account monthly.
- No-fee, 24-hour touch-tone banking service.
- An account analysis statement will be provided monthly that details the level of account activity and corresponding service fees. Please contact a Settlers Financial Services representative for a copy of the commercial account analysis that outlines the fee schedule.
- Interest earned is compounded monthly and credited monthly. Consult a Settlers Financial Services Representative for rate information.
- Check images provided with monthly statement.
Investor Plus Money Market Account
Interest-bearing checking account for individuals or businesses that occasionally write checks and desire a higher rate of interest on their investment.
- $1,500 minimum deposit to open the account.
- $5 monthly service fee may be waived by maintaining a minimum daily balance of $1,500.
- Six transactions per month are permitted. A $10 excess check fee will be assessed if the check limit (six per month to third parties) is exceeded.
- Tiered interest rates available. Interest earned is compounded monthly and credited monthly.
- Free Investor Plus MMDA checks for this account
- No-fee ATM/Debit card.
- No-fee, 24-hour touch-tone banking service.
- No-fee Online banking
- No-fee Internet bill pay service
- Check images provided monthly. Combined statement available.
