Simply Free Business
A free account with no minimum balance requirements.
Basic Business with Interest
A straightforward, low-cost account. Let’s start with the basics and add what you need.
Business Builder
Add a package of electronic services to improve efficiencies — all for one monthly fee.
| Account | Minimum opening deposit | Interest | Business Banking Online & mobile app access | Debit card | # of free transaction items/statement cycle¹ | Bill Pay included² | ACH included² | Desktop Teller included² | Cost |
|---|---|---|---|---|---|---|---|---|---|
|
Simply Free Business A free account with no minimum balance requirements |
$50 | N/A | ✓ | ✓ | 75³ | N/A | N/A | N/A | Free (paperless statements are required) |
|
Basic Business with Interest A low-cost account designed with the small business in mind |
$50 |
✓ |
✓ | ✓ | 250 | N/A | N/A | N/A | $12/month (can be waived with a $500 minimum daily balance) |
|
Business Builder Gain the efficiencies of electronic services for one monthly fee |
$50 | N/A | ✓ | ✓ |
500 (also consider Business Analysis Checking) |
✓ | ✓⁴ | ✓ |
$50/month with paperless statements (for paper statements, add $5/month) |
¹Transactions include deposited items, withdrawals, electronic debits, and checks.
²Some product activity fees may apply.
³If your transactions go over 75, we may convert you to another account type.
⁴Designed for ACH origination activity of less than 20 payments and total dollars less than $50,000 per pay period.
Business Analysis Checking
A Business Analysis account is designed for businesses with large numbers of monthly transactions. There is a $15 monthly maintenance fee and per-item activity fees, although checking activity and service fees are offset by earnings credits based on short-term market rates applied to your average available balance (less reserve requirements*). Negative available balances are assessed a fee based upon the bank’s current lending rates. Contact our team to assess if a Business Analysis checking account is right for your business.
Business formation documents
Articles of Incorporation, Articles or Certification of Organization, Articles or Certification of Partnership, etc.
Authorized individuals
Account signers, guarantors, or other authorized individuals must provide their name, position, Social Security number, personal address, date of birth, and government-issued ID.
Trade name and TIN
If your business operates under a different name than your legal business name, please bring the documentation you have filed with the Secretary of State’s office and your Business Tax Identification Number (TIN) or Employer Identification Number (EIN).
Beneficial owners form
Federal regulation requires us to obtain, verify, and record information about the beneficial owners of corporations, limited liability companies, partnerships, and similar businesses formed in the United States.
Free Download
When you’re running a business, your time is valuable. We understand — and we’ve made it easier to be prepared when it’s time to open a business checking account. Download our handy checklist to get a clear picture of the information and documentation you’ll want to have on hand when you’re ready to head to the bank. We’ll take it from there.
Visa Business Debit Card
Convenient access to your funds
Managing your business checking account is easy with the Visa® Business debit card. It gives you (or designated employees) the flexibility to purchase, deposit, withdraw, transfer funds, and check balances.
Stop By a Branch
We’re always glad to see you!
Need to visit one of our branches for some one-on-one assistance? At UBT, we have numerous locations conveniently located to make it easy to stop by and get help from a friendly face. Click below to find the branch nearest you!
Treasury Management Services
At UBT, your money has people
Before we recommend any products or services, a treasury management expert — like Jan — will ask questions and take the time to listen to your needs and goals. Then, we’ll offer the right mix of services to get you there, backed by service you’ll only get from a family-owned bank.
Frequently Asked Questions
The fees associated with a Business Analysis Checking account include a monthly maintenance fee as well as checking activity charges for debits and credits.
Basic Fees Include:
Maintenance Fee - $15 monthly fee.
Balance MGT fee - Calculated based on average positive account balance that is maintained.
Electronic Debits - $0.15 per item.
Electronic Credits - $0.20 per item.
Deposited Items - $0.10 per item.
Regular credits - $0.27 per item.
Return check items - $7.00 per item.
Paid check off of account - $0.17 per item.
Other fees may apply depending on additional products & services that may be utilized.
Contact a Treasury Management Services representative for complete details.
Yes, interest may be available on Basic Business Checking with Interest for eligible organizations.
Yes. Typically, a line of credit is an effective form of overdraft protection for businesses. Visit with a Treasury Management Officer (402-323-1557) for more details.
Yes, a business debit card is available and encouraged for all business checking accounts. There is no annual or transactions fees and the purchase detail appears on your checking statement.
Each Basic Business and Basic Business with Interest account includes 250 free transactions per statement cycle. These transactions include deposited items, withdrawals, electronic debits and checks. If there are more than 250 transactions, a nominal transaction fee is assessed.
Yes, a $12 fee applies if you do not maintain a $500 daily balance during the statement cycle.
*Federal law requires that a percentage of all funds on deposit must be held in reserve. This amount is deducted from the average positive available balance before the earnings credit is determined.
