Business Checking Accounts at Republic Bank of Chicago

 

Business Advantage Checking


At a glance
Designed for businesses with lower transaction volumes
Best For Businesses with less than 500 items per month: Each month 500 items (checks, deposits, items deposited) processed for free!
Features
bullet$100 to open 
bullet Monthly statement 
bullet Internet banking with free online bill pay
bulletFree debit card
bullet Ring RB
bulletFree e-statement
Min. Balance None

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Commercial Checking


At a glance
Designed for businesses with higher transaction volumes
Best For Those businesses with high checking volume and who maintain balances high enough to generate an earnings credit to off-set fees
Features
bullet $500 to open 
bullet Monthly statement 
bullet Internet banking with free online bill pay
bullet Ring RB
Min. Balance None

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Commercial Now


At a glance
For those organizations that qualify, this account earns interest and fees may be avoided if a minimum balance is maintained
Best For Not available to for-profit corporations, partnerships, or limited liability corporations due to federal regulations
Features
bulletAvailable either with check safekeeping or without
bullet$1,000 to open 
bullet Monthly statement
bulletPhone-in access
Min. Balance $1,000 average collected balance to avoid service charges and fees

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Business Select MMA (Money Market Account)


At a glance
Interest bearing money market account
Best For Individuals who can maintain a $2,500 minimum balance to earn interest and avoid fees
Features
bulletAutomatic check safekeeping 
bullet $2,500 to open
bulletTiered interest structure-higher balances earn higher interest. 
bullet Monthly statement 
bullet Phone-in access 
bullet Limited to 6 preauthorized transfers per statement cycle of which no more than 3 may be checks
Min. Balance $2,500 minimum daily balance to earn interest and avoid service charges and fees
bullet $0 - $2,499.99 -- earns no interest
bullet $2,500 - $9,999.99 -- earns base rate
bullet $10,000 - $24,999.99 -- earns high rate
bullet $25,000 to $99,999.99 -- earns higher rate
bullet $100,000 and above -- earns highest rate

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