Deposit Accounts
Peoples Bank understands that consistent cash flow, maximizing your retained earnings, and protecting those funds are essential elements in managing your business operations. Let our team of professionals customize the most beneficial plan for your business needs, including access to secure digital banking tools. Visit a branch today and we'll help you gain greater control of your businesses' cash position.
Check and Debit Card Buyback Program
Peoples Bank will buyback your unused checks and debit cards from other financial institutions. Business checking accounts are eligible for up to $10 for checks and debit cards from another financial institution given at the time the checks and/or debit cards are presented.
All business deposit accounts feature:
View Business Checking Brochure
Business Checking
Truly Free Business Checking
Perfect for most businesses!
1,000 FREE transaction items per statement
No minimum balance
No service charge
FREE gift at account opening
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Business Interest Checking
Designed for businesses that want to earn interest!
- 1,000 FREE transaction items per statement
- Competitive interest
- Only $5,000 average daily balance to avoid a $6 fee per statement cycle
- FREE gift at account opening
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Analysis Checking
For businesses with more complex banking needs!
- Earnings credit allowance on deposit balances may offset activity fees
- Only $15 charge per statement cycle
- Transaction items are just $.20 each
- FREE gift at account opening.
Legal Information and Disclosures
Other fees such as non-sufficient funds, overdraft, etc. may apply. See fee schedule for details. The minimum opening deposit is only $50. Ask us for details. Bank rules and regulations apply. Transaction items include all debits and credits. If the Truly Free Business or Business Interest account exceeds 1,000 free monthly transactions, the account may be converted to another checking product. 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.
Additional Deposit Accounts
Advantage Business Money Market Account
With a Peoples Bank money market account, your business can earn interest on excess or special-purpose cash. Review our competitive money market rates below, then visit a branch today to open an account.
*The Annual Percentage Yield (APY) is accurate as of 3/26/2024 and subject to change after account opening. The minimum balance to open is $10,000. Fees may reduce earnings. Please contact a Peoples Bank banker for full terms of the account. Member FDIC. **An activity fee of $10.00 will be charged for each transaction in excess of 6 per month. ***Avoid $15.00 monthly fee by maintaining a $10,000 average daily balance during the monthly statement cycle.
Visit a BranchSweeps Accounts
Peoples Bank offers a wide range of sweep account options that provide our customers the ability to automatically transfer funds, so they can spend less time manually moving money and more time growing their business.
IntraFi® Network Deposits: As a proud member of the IntraFi® Network since 2005, Peoples Bank can give our customers the ability to bank at one financial institution while giving them the peace of mind that their funds are 100% FDIC insured. This program will separate out funds into the insurable amount and distribute them to financial institutions within the network. These accounts and funds can be viewed directly from the Peoples Bank online banking service at your convenience.
Lines of Credit Sweep: Sweep functions can be connected to lines of credit allowing you to sweep from or to that line of credit to fund a checking account or to pay down the line of credit when needed with excess funds.
Money Market Sweep: Maximizing your retained earnings on excess funds has never become easier with the automated sweep. Target balances may be established to ensure enough cash remains stabilized for operating expenses while excess funds are capturing the best possible rate of return.
Zero Balance Accounts: Protect your funds from fraud, by designating separate accounts for specific payment processing purposes and connecting sweep functions, restricting the total amount of funds that can be transferred.
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Business Loans
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Treasury Management
Our team has the services and products to help you gain greater control of your business's cash position.