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Business Checking Account Comparison


BUSINESS CHECKING ACCOUNT COMPARISON
Business Checking Accounts: Ideal for:
Minimum Opening Deposit:
ATM Fee Refunds:
Monthly Service Fee: Learn More:
Smart Business Checking Basic Business Checking $100 Not Available

No monthly service charge with Business Online Banking AND eStatements (electronic statements)


Monthly service fee when the above criteria are not met: $7



Relationship Business Checking
Full Featured Checking
$100 Unlimited

No monthly service charge with any ONE of the following:

  • $5,000 minimum daily balance; OR
  • $7,500 average monthly balance; OR
  • $15,000 combined balance1 (for sole proprietors only, combined balance may include business and personal deposits and loans); OR

Any ONE of the following processed monthly through the Relationship Business Checking Account:

  • 5 or more monthly online bill payments through Mechanics Bank business online banking; OR
  • Automatic payment to any Mechanics business or personal loan; OR
  • Payroll services through Mechanics Bank preferred provider; OR
  • Merchant Services through Mechanics Bank preferred provider

Monthly Service Fee:
$12 when one of the above criteria is not met



Merchant Business Checking Small to Mid-size Businesses $100 Unlimited

No monthly service charge with any ONE of the following:

  • $10,000 minimum daily balance; OR
  • $15,000 average monthly balance; OR
  • $30,000 combined balance1

Monthly Service Fee:
$30 when one of the above criteria is not met

Eligible for some cash management services



Community Partner Checking Non-Profits $100 Not Available

None

Business Interest Checking Small to Mid-size Businesses $100 Unlimited

No monthly service charge with any ONE of the following:

  • $5,000 minimum daily balance; OR
  • $10,000 average monthly balance; OR
  • $20,000 combined balance1

Monthly Service Fee:
$15 when one of the above criteria is not met



Premium Analyzed Checking Larger Businesses

$100 Not Available

Monthly Service Fee:
$20 plus activity charges in excess of earnings credit

Some or all of the fees and services charges can be offeset by earnings credits received on qualified accounts with Mechanics Bank. Various activity and service fees apply based on volume and services provided. Talk to your banker for more information based on your business needs.

Analyzed Checking account balances will not be counted in "Combined Balances," as defined in the Business Products Schedule of Fees and Charges, for purposes of waiving service fees for other deposit accounts.

Eligible for all cash management services




When a business checking account does not meet specific account requirements or experiences excessive transaction or cash handling activity or routine uncollected funds, the Bank may decide to convert that account to a more appropriate account type. For Smart Business Checking and Community Partner Checking, excessive transactions or cash handling activity is defined as 1.) more than 100 combined items per month (combined items include deposits processed, items deposited and checks paid) or 2.) more than $2,500 in coin and/or currency are deposited or furnished per month. If the Bank does decide to convert your account, you will be notified in advance and provided information regarding the benefits associated with your new account type.


1 Combined balances shall be defined as follows: when used for service charge purposes, “combined balance” means the average monthly balance of the primary checking account, together with the combined current balances (determined on the statement date of the primary checking account) in all other business deposit and loan accounts with the exception of analyzed accounts.”