Business Checking

Take the stress of transactions down a notch with one of our convenient business checking accounts.

Local Checking for Local Business

First Palmetto Bank proudly provides a diverse array of business checking plans to meet the needs of small businesses.

Let our team help simplify your operations with one of our convenient business checking accounts.

Business Checking Plans

Our Business Checking plans offer the freedom to grow your business with a reliable and trustworthy place to place your funds.

Every business plan includes:

  • Paper Statements or e-Statements available with images
  • Account holders may apply for ATM and Debit Cards
plan minimum opening balance interest bearing? monthly maintenance fee qualifiers to earn interest and/or avoid monthly fee
Palmetto Business Checking
Businesses with low to moderate activity
$50.00 No


.30 per item in excess of 400 combined items (credit, debit, transit)

$500.00 minimum daily balance

No more than 400 combined items per monthly statement
Palmetto Analysis Checking
Businesses with high activity
$50.00 No—Earnings Credit can be used to offset maintenance fees** $12.00 plus
  • .19 per debit
  • .40 per deposit
  • .08 on-us items
  • .10 transit items
Palmetto Business Interest Checking
Offers high value & competitive market rates
$50.00 Yes—Tiered Rate* $15.00 $2,500.00 minimum daily balance to earn Annual Percentage Yield (APY)

$2,500.00 minimum daily balance to avoid maintenance fee

Palmetto Community Checking
Non-profit entities

$50.00 Yes $0 $2,500.00 minimum daily balance to earn APY
Palmetto IOLTA
Lawyers Trust Accounts
$0 Yes $0 None

$50,000 and Above

**Earnings Credit: The previous month’s average of the 91 day T-Bill rate applies to the average available balance.
The average available balance is the average collected balance less the Federal Reserve requirement.

Plan Features & Notices
  • e-Statements available on all plans (When registered for Online Banking)
  • All Safe Deposit Boxes are subject to availability
  • All customers may apply for ATM and Debit Cards
  • First Palmetto charges $1.00 for Non-First Palmetto ATM Terminal use
  • Other activity fees may apply (see fee schedule)
Business Account Services

Wire Transfers

Securely send money both domestically and abroad with our wire transfer service.

Night Deposit

Drop off your deposit or payment after hours at one of our night-drop locations.

Official Checks

Official checks can be used to accommodate a variety of payment needs for just a small fee.

ATM & Debit Cards

Withdraw money from our ATMs or use your Debit Card to make purchases from your business accounts.

Safe Deposit Boxes

Safely and conveniently store important documents or other valuables with our wide array of safe deposit box sizes.

Notary Services

Many of our branches are conveniently staffed with Notary Public meaning we offer a friendly and quick place for your needs.

How to Apply for a Business Account

The exact requirements to open a business account will vary. Unlike a person opening a personal bank account, there are many ways in which your business may be structured.

The signer on the account should plan to provide the following information:

  • Legal Name
  • Social Security Number
  • Driver's License or other government-issued ID
  • Date of Birth (DOB)
  • Physical & Mailing Address
  • Phone/Email
  • Employer & Job Title

Necessary documents (where applicable) include:

  • IRS EIN Letter [proof of the EIN]
  • Articles of Incorporation or Organization
  • Bylaws
  • Operating Agreement, Partnership Agreement or Business License 

Connect with your local First Palmetto office to get started on opening your business bank account today.

Beneficial Ownership
To help the government fight financial crime, financial institutions must obtain, verify, and record information about the Beneficial Owners of legal entity customers for any new deposit, loan, or safe deposit box opened. This requirement includes both existing customers and new customers. Please download and complete the handout below prior to opening a new account with First Palmetto Bank. If you have any questions, please contact your local First Palmetto office for more information.


Contact Us to Get Started

Ready to open a business account, or have questions before you start? Visit your local First Palmetto office or get in touch through our contact page.