Commercial Checking

Business Checking Plans


  VISA Business Check Card Online Banking Online Bill Pay Interest Bearing Monthly Balance Requirement Service Charge
Hometown
Business*
 
checkmark checkmark checkmark NO Minimum of $1,000 at all times $20 ONLY IF
Minimum Balance Requirement is NOT met.
Now Sterling
Business*†
checkmark checkmark checkmark checkmark

checkmark

Average of $500

$10 ONLY IF Average Balance Requirement is NOT met.
Century
Business*
checkmark checkmark checkmark checkmark

checkmark

Average of $1000

$20 ONLY IF Average Balance Requirement is NOT met.
Money Market Business checkmark checkmark NO checkmark

checkmark

Average of $1000

$10 ONLY IF Average Balance Requirement is NOT met.
Statement Business Savings Farmers Bank ATM Card only checkmark NO checkmark

checkmark

$100 at all times

$5 ONLY IF Balance Requirement is NOT met.

 †Account Availability based on your Entity Structure.

* No charge on first 150 non-Farmers items deposited. Over 150 $0.25 per item


All Account types require $300 to open except for the Statement Savings which requires $100 to open.

 

Business Banking Services:


  • VISA Business Check Card
  • Commercial Credit Card Applications
  • Savings
  • Certificates
  • Merchant Services- Instantly transfer credit and debit card purchases from your business to your checking account with Farmers Bank. Talk to a CSR to find out about setting up payment systems through one of our partners.

Night Deposit– Using Farmers Bank zipper or locked bags, or our provided envelopes, leave your items in our secure Night Deposit safes to be processed the next business day – a service available at all our branch locations.

We offer different account types for businesses depending on your entity structure. See your CSR for eligibility requirements.

Our Business accounts are similar to our personal accounts with a few differences:

Hometown Business Checking*


An unlimited, non-interest bearing checking account.

  • $300 minimum deposit to open new account
  • No monthly service charge by maintaining a minimum balance of $1000.  If the balance in the account falls below $1000 any day of the cycle, a $20.00 monthly service charge.
    • No charge on first 150 non-Farmers Bank items deposited.  A charge of $0.25 per item over 150
  • Unlimited check writing
  • Online banking with Bill Pay
  • Visa Debit Cards available*
  • Merchant Services

CENTURY BUSINESS CHECKING


An unlimited, interest bearing checking account. Available to all business entities.

  • $300 minimum deposit to open new account
  • No monthly service charge by maintaining an average daily balance of $1,000.  Below $1,000 average daily balance, a $20 monthly service charge
    • No charge on first 150 non-Farmers Bank items deposited.  A charge of $0.25 per item over 150
  • Unlimited check writing
  • Online banking with Bill Pay
  • Visa Debit Cards available*
  • Merchant Services
  • Interest paid on four tier levels.  See a Customer Service Representative for a rate sheet.

NOW Sterling Business Checking*


An unlimited checking account which pays interest. Some limitations on eligible account holders.

  • $300 minimum deposit to open new account
  • The NOW account offers no monthly service charge by maintaining an average daily balance of $500.  Below $500 average daily balance, a $10 monthly service charge
    • No charge on first 150 non-Farmers Bank items deposited.  A charge of $0.25 per item over 150
  • Unlimited check writing
  • Online banking with Bill Pay
  • VISA debit card available*
  • Merchant Services

Repurchase Agreement Sweep Account*


This account provides an automated cash management vehicle for transferring a portion of your Business Checking collected balance to and from a Securitized Repurchase Agreement Investment on a daily basis.

Key features include:

  • Competitive market rates earned on the excess cash in your business checking account
  • Daily e-mail confirmations of transactions
  • Backed by U.S. Government Treasury and Agency Bonds
  • Investment is 100% collateralized

Target Balance is $25,000 above which funds are swept. The portion invested is not FDIC insured. The amount below the target balance that is not swept is FDIC insured. Your Customer Service Representative will be glad to answer any questions. Click here for our Rate Sheet!

*Interest rates are subject to change at any time. Fees and service charges may reduce earnings.

NOTICE TO COMMERCIAL CUSTOMERS

The Unlawful Internet Gambling Enforcement Act of 2006 prohibits business entities from accepting payments into their deposit account maintained at any U.S. financial institution for Internet gambling effective December 1, 2009. Each financial institution is required to provide their commercial customers this notice.