Business Checking
We offer checking account solutions tailored to your business size, transaction volume, and the services you really need to grow.
Options for Businesses
Peoples Bank offers a variety of business checking accounts that are perfect for companies of all sizes. Our business banking team is here to help find the right solution for your growing business. Below are our most popular accounts. We also offer Community Business Checking for nonprofits and Business Analysis Checking for large businesses.
My Business Checking
A great starter account for sole proprietors, home-based enterprises, and micro-businesses with minimal cash flow and transaction needs. Provides you with cost savings while keeping your business and personal banking separate.
- Monthly Service Charge: $51
- Minimum to Open: $50
- Minimum Balance to Avoid Monthly Fee: $0
- Included Monthly: First 50 combined items6
- Excess Items Fee: $0.38
- Cash Deposits: First $1,000 included
- Excess Cash Deposit Fee: $0.08 per $100
Business Essential Checking
Tailored for those with low to moderate monthly transactions seeking a simple checking option. This is our most popular product for small- to medium-sized businesses.
- Monthly Service Charge: $102
- Minimum to Open: $50
- Minimum Balance to Avoid Monthly Fee: $1,500
- Included Monthly: First 200 combined items6
- Excess Items Fee: $0.38
- Cash Deposits: First $5,000 included
- Excess Cash Deposit Fee: $0.08 per $100
Business Relationship Checking
Designed for businesses with larger balances and effortless banking, this checking option allows you to utilize your combined deposit and loan balances to waive fees and earn more benefits.
- Monthly Service Charge: $15
- Minimum to open: $50
-
Minimum Balance to Avoid Monthly Fee:
$15,000 in daily deposit balance3
Or
$30,000 in combined & linked deposit balances4
Or
$250,000 in combined & linked commercial loan balances5 - Included Monthly: First 400 combined items6
- Excess Items Fee: $0.38
- Cash Deposits: First $10,000 included
- Excess Cash Deposit Fee: $0.08 per $100
- Fees Refunded: International transaction fees & Peoples Bank ATM withdrawal fees7, 8
- Additional Benefits: Waive monthly service charge on up to five Business Essentials Checking when linked to this account and combined balance requirement is met4
Community Business Checking Account
Available for nonprofit organizations, associations, and clubs, this account offers the essentials banking services with no monthly service charges, online mobile banking, and more.
- Monthly Service Charge: $0
- Minimum to Open: $50
- Minimum Balance to Avoid Monthly Fee: $0
- Included Monthly: No charge for debits/checks paid, ACH debits & credits, deposited items
- Excess Items Fee: $0
- Cash Deposits: First $10,000
- Excess Cash Deposit Fee: $0.08 per $100
Business Analysis Checking Account
The Business Analysis Checking Account is ideal for businesses with substantial cash deposits and transactions, or those using our Treasury Management Services. Reduce or eliminate service charges and other fees with an Earnings Credit.
Empower Your Business
Treasury Management
Our bankers will go the extra mile for you and your business. We know you have other important things to focus on, like running your business, so call on us to help with:
• Invoicing and Payments
• Merchant Services
• Remote Deposit Capture
• ACH Processing
Connect with our Treasury Management team to learn more.
Business Savings
Build your company’s future with a business savings solution from Peoples Bank. Choose from business savings or money market accounts and earn even more with a Certificate of Deposit (CD). Plan towards your business retirement goals with one of our investment options. When it’s time to manage your savings and excess cash, our business banking team is here to help.
Commercial & Small Business Loans
Smart solutions for your business start with Peoples Bank. We are dedicated to serving the financing needs of businesses in Washington by providing customized financial solutions. From Commercial Real Estate to Working Capital and SBA loans, let Peoples Bank help fuel your company’s growth. Our business banking team is always ready to help.
Equal Housing Lender