Business Checking

Free Business Checking
Free Business Checking is a non-interest bearing account that is well-suited for small businesses. There is no minimum balance requirement which makes it an excellent choice for a start-up business or for companies with limited transaction activity.

Complete Business
Complete Business offers a package account to small business owners. It includes interest bearing business checking along with several other financial services beneficial to small businesses.

Account Analysis
Account Analysis is a method used to compensate commercial accounts for collected balances through a monthly earnings credit. Account Analysis can be a significant advantage for your business, creating savings in two ways. First, you are only charged for bank services you actually use. Second, you control your analysis charges by maintaining appropriate balances in your account.

Non-Profit Checking
Non-Profit Checking is a cost effective checking account that is suitable for civic groups with limited monthly activity. Civic Checking is available to civic clubs, church groups and other types of non-profit organizations.

IOLTA
Interest on Lawyers' Trust Accounts (IOLTAs) are interest-bearing accounts available only to lawyers or law firms. IOLTAs are used specifically for depositing client funds until they are distributed. BankEast offers a tiered rate checking account, providing maximized interest earnings.

Interest earnings on IOLTAs are distributed by the Tennessee Bar Foundation in the form of grants to organizations in Tennessee that provide direct legal services to the indigent, to organizations that seek to improve the administration of justice and to students, in the form of scholarships, at the state-supported law schools.

BankEast Business Checking Guide

Product Name	Free Business Checking	Complete Business	Account Analysis	Non-Profit Checking	IOLTA Checking
Minimum Opening Balance	$100	$100	$100	$100	$100
Maintenance Fee	None	None	None	None	$8
Minimum Balance Fee	None	$15	None	None	None
Minimum Daily Balance to Avoid Fee	None	$10,000 in combined business deposits	Depends on activity	None	None
Check Writing and Withdrawal Limits	150 total items per month at no charge. $.40 per item over 150.	300 total items per month at no charge. $.25 per item over 300.	Unlimited	200 total items per month at no charge. $.25 per item over 200.	Unlimited
Interest Paid	No	Yes	Earnings Credit Only	Yes	Yes
Account Available To	All business entities	Sole Proprietors or Non-Profit Corporations only. Not available to Partnerships, LLCs or For-Profit Corporations	All business entities	Non-profits with 501c3 status, EIN, and CIP info of signers.	Lawyers and Law Firms
Other Features	Business Online and Bill Pay with no monthly fee. Free eStatement available	Free standard Safe Deposit box or 25% discount on larger box. Free Business Check Card and credit card. Free or Eco Checking account for owner. Business Online and Bill Pay with no monthly fee. Free eStatement available	Activity charges may be offset by maintaining sufficient balances. Business Online and Bill Pay with no monthly fee. Free eStatement available	Business Online and Bill Pay with no monthly fee. Free eStatement available	Business Online and Bill Pay with no monthly fee. Interest Tiers• Below $2,500 • $2,500-$24,999 • $25,000-$49,999 • $50,000-$99,999 • $100,000-$249,999 • $250,000+