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Business Checking Simplicity

First Palmetto Bank proudly provides business checking plans that meet the many needs of a business owner working diligently to ensure customer satisfaction. We know that you are busy being innovative, applying old-fashioned ingenuity, or simply working hard. Take the stress of transactions down a notch with one of our convenient business checking accounts. Have questions about our business checking products? Simply give us a call to find answers or visit a local branch.

Business Checking Plans

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

PLANMINIMUM OPENING BALANCEINTEREST BEARINGMONTHLY MAINTENANCE FEEQUALIFIERS TO EARN INTEREST AND/OR AVOID MONTHLY FEEINCLUDES
PALMETTO BUSINESS CHECKING - Businesses with low to moderate activity $50.00 No
  • $12.00
  • .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
  • Paper Statements or e-Statements available w/ images
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 and .40 per deposit. On-us items .08 and transit items .10
None
  • Paper Statements or e-Statements available w/ images
PALMETTO BUSINESS INTEREST CHECKING - Offers high value and 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
  • Paper Statements or e-Statements available w/ images
PALMETTO COMMUNITY CHECKING - Designed for non-profit entities $50.00 Yes $0
  • $2,500.00 minimum daily balance to earn APY
  • Paper Statements or e-Statements available w/ images
PALMETTO IOLTA - Lawyers Trust Accounts $0 Yes $0 None
  • Paper Statements or e-Statements available w/ images
**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.