The Best Business Checking Accounts

Let's find an account that fits your business

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HAVE A QUESTION? WE'LL CALL YOU BACK.

Feel free to call (937) 498-1195

All Business Checking Accounts Include:

Credit Card

Business Debit Card and Credit Card

Each account type can request a debit card that is linked to their account or apply for a credit card.

Check MF

Free Check Imaging

Each account type will have access to free images of their checks in their mailed monthly statements and within online banking.

Phone MF

Telebanking

Check account balances, account history, and more 24/7 via telephone.

Transfer MF

Free Transactions

Each account type allows a specific number of free transactions each month.

Transaction MF-1

Merchant Services

(Optional Service)
Set your business up to accept credit and debit card payments through Mutual Federal.

Coins MF

Business Overdraft Solutions

(Optional Services)
Make a back-up plan to avoid non-sufficient fund items.

Secure computer MF

Business Internet Banking

(Optional Packages Available)
Manage your bank accounts online or on the go conveniently and securely. 

Learn More About Business Internet Banking

Gears MF

Cash Management Services

(Optional Service)
Manage your bank accounts and optimize your cash flow.

Learn More About Cash Management Services

Mutual First Class Business Checking


Ideal for businesses with low and predictable monthly transaction activity.

$10/mo.

$5,000 minimum daily balance OR $10,000 deposit relationship to avoid monthly fee

$500 opening deposit

Up to 150 free transactions each month

$0.35 charge per transaction after 150

Mutual Business Select Checking


Ideal for businesses that maintain a higher balance and moderate to high monthly transaction activity.

$15/mo.

$25,000 minimum daily balance OR $100,000 deposit relationship to avoid monthly fee

$1,000 opening deposit

Up to 500 free transactions per month

$0.35 charge per transaction after 500

Mutual Business Select Plus Checking


Ideal for businesses that maintain higher balances and wish to earn interest on those balances.

$15/mo.

$25,000 minimum daily balance OR $100,000 deposit relationship to avoid monthly fee

$1,000 opening deposit

Tiered interest plan

Up to 350 free transactions per month

$0.35 charge per transaction after 350

Additional Account Options

Mutual Business Analysis Checking

Ideal for businesses with higher balances and high transaction activity.

$1000 Opening Deposit

Variable Monthly Service Charge

Service charges for this account are based on a monthly analysis. Receive earnings credit to offset the monthly fee.

Let's Talk!

If you are interested in a checking account bundled with services that meet your specific needs, let's have a conversation.

Mutual Sole Proprietor Checking

Ideal for a sole proprietor with minimal account activity who wants simple and affordable solutions.

$500 Opening Deposit

$5.00 Monthly Service Charge

Reduce the maintenance fee to $3.95 with enrollment in eStatements OR maintain a $500 minimum daily balance or $5,000 deposit relationship that includes a personal checking account to eliminate the service charge completely. 

Transaction Limitations Apply

Up to 50 free transactions per month. A $0.30 charge will be assessed for each transaction over 50.

Tiered Interest

Interest is earned based on the account balance.

Free Internet Banking

Manage your accounts anytime, anywhere. Access eStatements, transfer money, make payments and much more.

Mutual Community Companion Checking

This account is designed for local and community-based non-profit organizations with low transaction volume.

$500 Opening Deposit

$5.00 Monthly Service Charge

Reduce the maintenance fee to $3.95 with enrollment in eStatements OR maintain a $500 minimum daily balance or $5,000 deposit relationship to eliminate the service charge completely. 

Transaction Limitations Apply

Up to 50 free transactions per month. A $0.30 charge will be assessed for each transaction over 50.

Tiered Interest

Interest is earned based on the account balance.

Free Internet Banking

Manage your accounts anytime, anywhere. Access eStatements, transfer money, make payments and much more.

Are you ready to discuss checking solutions for your business?

SCHEDULE A MEETING HAVE A QUESTION? WE'LL CALL YOU BACK.
on-laptop-balancing-the-books

Business Overdraft Protection

Automatically transfer funds to your business checking account from another business account you have at Mutual Federal to cover overdrafts. For just $7 per transfer*, you can avoid the inconvenience of "non-sufficient funds". 


What Else You Should Know

 

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Business Overdraft Privilege

For additional protection, Overdraft Privilege allows you to overdraw your account up to the disclosed limit for $30 per item in order to pay a transaction. If you have Business Overdraft Protection, Business Overdraft Privilege is still available as secondary coverage if needed. 

Standard coverage includes checks, ACH-automatic debits, recurring debit card payments, online Bill Pay items, internet banking transfers, telephone banking, and teller window transactions. 

Extended coverage includes all transactions in the standard coverage PLUS ATM withdrawals and everyday debit card transactions with your consent.


What Else You Should Know

 

Whether your business is big or small, we have the perfect checking account for you! We have several products that will meet any financial need you have.

-Lisa C., CSR Piqua Downtown

Frequently Asked Questions

What items are considered transactions?

Transactions include deposits, deposited items, in-clearing checks, electronic debits and electronic credits.

What documents are needed to open a business checking account?

The documents required to open a business checking account at Mutual Federal depend on the classification of the business.

All of our accounts require two valid forms of identification for each owner, partner, managing member, or authorized signer on the account. 

Here's some of the documents you will need to open your account:

Sole Proprietorship

  • Social Security or EIN Number
  • Sole Proprietorship Resolution of Authority
  • Assumed Name Certificate (if applicable)

Limited Liability Company (LLC)

  • EIN Number (Single-member LLC may use SSN)
  • LLC Authorization Resolution
  • Articles Stamped "Filed'" or Certificate of Existence
  • Operating Agreement (should state who is authorized to open the account, usually the managing member)

Corporate Accounts: Non-Profit, For-Profit, Government Entity

  • EIN Number
  • Corporate Resolution
  • Certified copy of Articles of Incorporation or Certificate of Existence
  • Certificate of Good Standing, address and date of birth on all authorized signers

Club or Civic Organization

  • EIN Number
  • Resolution of Lodge, Association, or other similar organization
  • Bylaws or similar document outlining the purpose of the organization

If you have questions regarding your necessary documentation, any of our new account representatives will be happy to assist.