From checking needs to credit needs, Peoples Bank & Trust Co. knows no two businesses are exactly alike.
Ask about the best way to manage your operating account. Your success is our business, build a relationship with trust.
Peoples Business Checking
| Feature | Sole proprietorships, start-ups and small businesses |
| Min. to open | $100 |
| Annual Percentage Yield | Non-interest bearing |
| Service Charge | $10 |
| How to avoid Service Charge | $100 avg. balance per statement cycle |
| Requirements | None |
| Debit Card | Yes, with EMV Security |
| ATM | Access to 16,000 ATMs in 14 States with no surcharge |
| Transactions | Unlimited |
Community Checking
| Feature | Nonprofit organizations and small civic and community organizations. |
| Min. to open | $100 |
| Annual Percentage Yield | Non-interest bearing |
| Service Charge | $5 |
| How to avoid Service Charge | $100 avg. balance per Statement cycle |
| Requirements | Nonprofit organizations and small civic and community organizations |
| Debit Card | Yes, with EMV Security |
| ATM | Access to 16,000 ATMs in 14 States with no surcharge |
| Transactions | Unlimited |
Elite Business Checking
| Feature | Businesses that need the ability to maximize their interest income |
| Min. to open | $5,000 |
| Annual Percentage Yield | 0.35% APY* |
| Service Charge | $10 |
| How to avoid Service Charge | $5,000 avg. balance per statement cycle |
| Requirements | ACH per statement cycle |
| Debit Card | Yes, with EMV Security |
| ATM | Access to 16,000 ATMs in 14 States with no surcharge |
| Transactions | Unlimited |
All Checking accounts come with:
For complete information, refer to our Truth in Savings disclosure available at any retail location.
*APY = Annual Percentage Yield is accurate as of 6/1/2024. Terms and conditions are subject to change without notification. Interest rate shown is a variable rate and may change after the account is opened. Fees could reduce earnings. No broker deposits. To open Elite Business Checking account, you must open account with $5,000 of new money. New Money is money not already deposited in Peoples Bank and Trust Co.
**One ACH debit or credit is required per statement cycle to earn .35% APY. If no ACH is conducted in statement cycle interest rate will be .10% APY.
***Accounts with over $25,000 are not required to have an ACH, but must maintain an average statement balance of $25,000 and will earn .35% APY. 3rd party internet/data/message fees may apply for text message alerts, online banking, mobile bill pay, fund manager.
Frequently Asked Questions
What documentation is needed in order to open a business account?
Depending on how your business is structured you will need the following documents:
Sole Proprietorship
- Social Security Number or Business Tax Identification Number
- Business License showing both business and owner’s name, or
- Business name filing document, such as a Fictitious Name Certificate or Certificate of Trade Name, showing both business and owner’s name
General Partnership
- Business Tax Identification Number
- Partnership Agreement showing business name and name of partners, and
- Business name filing document, such as Fictitious Name Certificate or Certificate of Trade Name, showing business name and name of partners
Limited Partnership
- Business Tax Identification Number
- Limited Partnership Agreement showing business name and name of partners, and
- Business organizing document filed with and certified by state official, such as Certificate of Limited Partnership, showing business name and name of partners
Limited Liability Partnership
- Business Tax Identification Number
- Limited Liability Partnership Agreement showing business name and name of partners, and
- Business organizing document filed with and certified by state official, such as Certificate of Limited Liability Partnership, showing business name and name of partners
Corporation
- Business Tax Identification Number
- Articles of Incorporation or Certificate of Incorporation
- Corporate Resolution identifying authorized signers if officer names are not listed on Articles of Incorporation or Certificate of Incorporation
Corporation (Publicly Traded)
- Business Tax Identification Number
- Articles of Incorporation or Certificate of Incorporation
- Corporate Resolution identifying authorized signers if officer names are not listed on Articles of Incorporation or Certificate of Incorporation
Professional Corporation
- Business Tax Identification Number
- Articles of Incorporation or Certificate of Incorporation
- Corporate Resolution identifying authorized signers if officer names are not listed on Articles of Incorporation or Certificate of Incorporation
Limited Liability Company
Business Tax Identification Number
Articles of Organization or Certificate of Formation
Corporate Resolution identifying authorized signers if officer names are not listed on Articles of Organization or Certificate of Formation
Unincorporated Association
- Business Tax Identification Number
- Organizing document, such as Articles of Association (if available)
Where can I open up the account?
Visit us at any location to open your checking account needs
My business needs to be able to accept Credit/Debit cards, can you help?
From accepting payments and managing inventory to keeping track of your customers and more, our Merchant Processing can simplify your operations and take you where you want to go!
I don’t have time to deposit all the check my business gets, what are my options?
Bank from your desk, with our Business Deposit System! Let’s you deposit and record your check deposits right from your business in a matter of seconds. We also, have mobile deposits which allow you to deposit your check through your mobile phone.
Business Lending
Finance Your Business Goals with Confidence