Business Checking Accounts at Republic Bank of Chicago
  

 

 

Small Business Advantage 500 Checking


At a glance
Designed for small businesses
Best For Business 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 
bulletFree Internet banking with bill pay
bulletFree debit card
bullet Phone-in access
bulletFree e-statement
Min. Balance None

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Commercial Checking


At a glance
Designed for bigger businesses with high volume of checking
Best For Those businesses with high checking volume and who maintain balances high enough to generate an earnings credit to off-set fees
Features
bulletAvailable either with check safekeeping or without
bullet $500 to open 
bullet Monthly statement 
bullet Phone-in access
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$2,500 - $9,999.99 earns base rate.
bullet$10,000 - $24,999.99 Earns higher rate
bullet$25,000 and above earns highest rate

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