Business Checking

 Peoples State Bank Business Solutions.

To keep our local business moving forward we offer products that help to keep them running strong. From the Business Freedom Checking Account to the Commercial Analysis Checking, we have what you are looking for. To open an account just call or stop by one of our convenient locations. Don’t forget to ask about all the features we have available to make your business a success.
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Commercial Loans

Business Freedom Checking

If you own a business and conduct a modest amount of checking transactions monthly, it can be especially frustrating to justify or figure out your bank’s analysis charges. A credit for this, a fee for that, and at the end of the month you are looking at a hefty service charge. Not any more! Peoples State Bank invites you to open a Business Freedom Checking account with us today. As the name implies, it’s FREE of monthly maintenance fees if you have 200 or fewer transaction items each month. Period. It’s easy. And it’s only at Peoples State Bank! Up to 200 transaction items** permitted each monthly cycle. No minimum balance requirements. Free eStatements available and fee-free MasterCard Business Debit Card*. Merchant processing available.

* MasterMoney Debit Card and Credit Card products are subject to credit approval. Other Fees may also apply.

** 0.50 per item over 200

Business Money Market Checking

Keep extra funds liquid while earning high market yields on your account. With our Money Market Checking account, the higher your balance, the more money you earn. Check our current rate table to see just how much. The minimum opening deposit for this account is just $50.00 and you avoid a monthly $15.00 service charge when the balance of your account is $2,500.00 or more each day during the statement cycle. Federal banking regulations limit the number of pre-authorized transfers, including third party checks, to six (6) per month. There is a $4.00 fee for each additional pre-authorized transaction that exceeds these regulatory limits. We are required to change your account to a non-interest bearing account when the transactions regularly exceed these limitations.

* MasterMoney Debit Card and Credit Card products are subject to credit approval. Other Fees may also apply.

Commercial Analysis Checking

For active businesses with the need to process a significant volume of transactions, we offer Commercial Analysis Checking. You only pay for the services you use, and unlike many banks, you are not charged for making a deposit or when you deposit checks that are drawn on Peoples State Bank. An opening deposit of $50.00 is required to establish your account. The following fees apply to the account:
•Monthly analysis fee $12.00
•Per check paid or electronic debit $0.15
•Per check deposited not drawn on our bank $0.12
•Rolled coin (each roll) $0.10
•Currency (per 100 notes) $0.60

Balances in your account generate an earnings credit that can be used to offset your monthly analysis service charge. We apply the 13-week Treasury Bill rate to the average collected balance of your account, less the required reserves of 10% of your balance. Please refer to the Other Services page for additional Business Banking services and features available.

* MasterMoney Debit Card and Credit Card products are subject to credit approval. Other Fees may also apply.

Regular Business Checking

The standard account for small businesses is our Regular Business Checking account. With this account you’ll gain entry to a host of banking services. When you open your account with $50.00 or more you’ll get a full featured checking account including state of the art image statements each month that have a photograph of each of your checks ready for placement in a notebook. Other features include access to internet banking and bill payment, ATM access and MasterMoney Card* access, free use of our on-site ATM, night depository, access to tellers and drive-thru banking, bank-by-mail, and no cut-off/same day credit for your deposits. When you keep at least $2,000.00 in your account each day of the monthly statement cycle there is no service charge. The maintenance fee of $15.00 is charged to accounts where the minimum balance falls below $2,000.00 during the monthly statement cycle. High volume accounts, those with more than 300 items per month (checks, debits, and checks deposited not drawn on our bank), may be re-classified to Commercial Analysis Checking. Please refer to the Other Services page for additional Business Banking services and features available.

* MasterMoney Debit Card and Credit Card products are subject to credit approval. Other Fees may also apply.