Business Checking Accounts
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|Account||Free Business Checking||Business Checking Plus||Choice Business Checking||Advanced Business Checking||Business Interest Checking|
|Account designed for:||Ideal for small business owners with limited transaction volume||Ideal for small business owners with limited transaction volume||Perfect for growing businesses that want Remote Deposit Capture or Merchant Processing**||Great for businesses with large transaction volume||Clients seeking competitive interest rates paid on their balance|
|Monthly Fee||Not applicable||Not applicable||$25||$15||$10|
|No monthly service or reduced service charge if:||Not applicable||Not applicable||Maintain a $25,000 minimum daily balance |
Maintain $50,000 combined collected balances with IBERIABANK***
|Earnings Credit Rate may offset monthly service charge||Maintain a $10,000 daily minimum balance|
|Items allowed||500*||500||500||$.20 per item||300|
|Additional per item fee||Not applicable||$.50 per item||$.50 per item||Not applicable||$.50 per item|
|Currency Deposited allowed||First $10,000 currency deposited/exchanged per statement cycle* Excludes bulk coin processing*||First $10,000 currency deposited/exchanged per statement cycle||First $10,000 currency deposited/exchanged per statement cycle||First $10,000 currency deposited/exchanged per statement cycle||First $10,000 currency deposited/exchanged per statement cycle|
|Additional Currency Deposited fee||Not applicable||$1.75 per additional $1,000||$1.75 per additional $1,000||$1.00 per additional $1,000||$1.75 per additional $1,000|
|Two personal checking accounts with services charges waived for small business owner|
|Visa® debit card±|
|Online Banking and Bill Pay|
|e-Statements and e-Notices|
*Any Free Business Checking account exceeding stated transaction or cash deposited limits during any two statement cycles in a 12-month period may automatically be converted to Advanced Business Checking. Free Online Bill Pay Service is intended for use by small business clients with annual sales less than $10 million. Commercial accounts must review online services with a Relationship Banker for a quote. Please refer to the Rate and Fee Schedule for more information. Rates and fees are subject to change. Bulk coin is defined as $500 or more in loose coin deposited per statement cycle.
**Remote Deposit Capture services are available to qualified clients that meet the standards of the IBERIABANK Remote Deposit Capture Policy. Remote Deposit Capture with Choice Business Checking requires a 24-month commitment and is subject to a monthly early closure fee of $12.50 for each month prior to the original 24-month commitment. Merchant Processing is subject to all standard merchant processing charges and the Choice Business Checking account will be credited for the monthly statement processing fee of $12.50.
***Combined balances during the monthly statement cycle include all savings, money market and demand deposit accounts held at IBERIABANK under the same business tax identification number.