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Business Interest Checking

Business Interest Checking

The Peoples Bank Business Interest Checking account is interest-bearing, making it well-suited to businesses with higher balances and low transaction activity.

Business Interest Checking Account Benefits

✔Online banking and mobile app1 with unlimited debit and mobile deposit transactions

Free debit Mastercard® with chip technology and fraud protection

Access to 38,000+ MoneyPass® Network ATMs

✔200 free transactions* every month

✔Overdraft protection options2

✔Add on services, like Merchant Services and fraud mitigation tools for an additional fee

✔Business finance tools

What You Need to Know

• $10 monthly maintenance fee; waived if you keep a minimum $5,000 balance daily

• Make 200 or fewer transactions a month to avoid a $0.35 per item** charge

OPEN AN ACCOUNT AT A LOCAL BRANCH

• Contact your local banker for the current Annual Percentage Yield3

• Open with a $25 minimum deposit

• Please provide the following at the time of account opening: the company's address (P.O. boxes are only permitted for correspondence, not account opening); name(s) of account owners; a valid, government-issued ID and documentation proving the business' existence (federal tax ID number, SSN for sole proprietors or state/local authority documents showing you've formed a legal entity, such as an LLC).

• Enroll in eStatements to avoid a $2 paper statement fee

Peoples Bank: America's Best Banks 2023, Top Workplaces 2023 USA and American Banker 2023 Best Banks to Work For Awards, America's Best Regional Banks 2024 by Newsweek

* Transactions include any credit, debit or deposited item. Debit Card transactions and mobile deposits are unlimited and are not counted toward your total number of transactions.

**An item consists of CREDITS (deposits, deposited items drawn on Peoples Bank, deposited items drawn on other banks and ACH’s - except mobile deposits), and DEBITS (ACH’s and checks).

¹Standard rates and fees may apply from your wireless carrier.

²Certain qualification and fees may apply based on type of protection selected.

3Rate may change after the account is opened. 

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