Avoid paying monthly service charges by maintaining an average balance of just $5,000. You can submit up to 250 customer initiated transactions 2,3 per statement cycle that will be processed at no charge. If more than 250 customer initiated transactions 2,3 are processed per statement cycle, excess item fees of 35¢ per item will be imposed.
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Whether you’re checking your balance, transferring funds, paying bills, or depositing checks, everything is just a few taps away. Plus, with real-time notifications, you’ll stay on top of your finances with ease. Secure, fast, and easy to use – it’s banking on your terms, 24/7.
| Description | Required Average Monthly Balance to avoid monthly fees | Monthly Maintenance Fees | |
|---|---|---|---|
| Basic Business Banking | This account is best suited for businesses with low checking account activity. There are no minimum balance requirements! | $0 | $0 |
| Advantage Business Banking | This affordable checking account is best suited for businesses with higher levels of checking account activity. | $2,500 | $15 |
| Community Banking | Bank of Botetourt is taking care of the organizations that serve our community with this FREE account. | $0 | $0 |
| Business Interest Banking | This account is available to any business with the desire to earn interest on checking funds. | $5,000 | $15 |
| Business Analyzed Banking | This account is ideal for businesses that need multiple accounts or have high levels of activity which may include any combination of check or deposit activity, high currency needs, wire activity, or use multiple cash management services. | $0 | Based on Account Activity & Analysis Pricing |
Your business checking account is essential to your daily operations, and we know you need access fast. With our instant-issue debit cards, you can start making purchases immediately, anywhere VISA® Debit Cards are accepted.
* Monthly Maintenance Fees: Imposed only if minimum average monthly balance is not maintained.
1 Monthly Combined Transactions include Electronic and Paper items.
2 Electronic items include: The transfer or withdrawal of funds completed using the 24-hour telephone banking service; Transactions completed using any online bill payment service (i.e., web transfers, direct deposits, automatic drafts/debits, payments made through the online bill payment service and processed through the ACH (Automated Clearing House).
3 Paper items include deposits, transfers, checks made payable to third parties, or checks made payable to cash. (Transactions you complete in person, over the counter, through the night depository, through the drive-up teller window, or by live telephone request are considered Paper items).
4 Standard credit approval criteria apply for online bill payment services.
5 Bank of Botetourt customers using Bank of Botetourt ATM/iTM and the MoneyPass ATM/iTM Network.
Additional service fees may be applicable to these accounts. Please refer to the Bank’s Commercial Schedule of Fees for more information.
Visit one of our convenient locations to apply for a Business Banking account.
Our treasury management services help you save time and money. We’ll work with you on developing a plan for the cash management needs of your business.
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