This is a great business banking account. I recently made the change from their basic checking account to this business checking, and I couldn't be more happy. There are more fee's and requirements, but the account has huge upside. Transfers, balance checks and invoices are quick and easy to find. The website is great and the staff at the local bank is always friendly. I would definitely recommend this checking account to anyone looking for a business checking account.
Independent Bank Business Freedom Checking
- MINIMUM TO OPEN $50
- MONTHLY FEE $2
- MIN BALANCE TO AVOID MONTHLY FEE $1000
- OTHER WAYS TO AVOID MONTHLY FEE With eStatements.
- OVERDRAFT FEE $34
- NEGATIVE ACCOUNT BALANCE FEE $6 every day
- IN-NETWORK ATM TRANSACTION FEE None
- ATM NETWORK SIZE 32000 ATMs
- OUT-OF-NETWORK ATM TRANSACTION FEE $2
- REBATE OF ATM OWNER SURCHARGE Not Offered
- FOREIGN ATM FEE 3% (and $2)
- DEBIT CARD Mastercard
- DEBIT CARD FOREIGN TRANSACTION FEE 3%
Independent Bank Business Freedom Checking Additional Info
- REWARDS No
- ONLINE BILL PAY FEE $0 per month
- ADDITIONAL REQUIREMENTS None
- For small businesses, sole proprietors, and non-profit organizations
- First 250 items FREE each month then $0.40 per additional item
- Currency/coin deposited/monthly: $0 to $10K FREE. $10,001 to $25K fee is $0.50/$1,000. $25,001 to $50K fees is $1.00/$1,000. $50,000 fee is $1.50/$1,000
- Bill Pay (for business customers): Monthly Fee $0! First 20 bills are included, $0.50 for each additional bill thereafter
- Independent Bank waives your fees at over 32,000 MoneyPass ATMs nationwide
The graph above is based on WalletHub data. Actual rates may vary. For time periods with multiple applicable rates in our database, based on different criteria, the above graph reflects the lowest interest rate recorded. Before submitting an application, always verify the rates, fees, and all terms and conditions with the respective financial institution.
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