Business Accounts
You and your business deserve great pricing AND great service from your bank. Fidelity State Bank & Trust Company provides both by working with our business customers to find the right solution for their financial needs. Whether you need a checking account with easy access and low fees, an interest bearing account to make the best return on your money, or a flexible loan at a great rate, Fidelity can help you reach your goals. Fidelity offers all the services of a “big” bank while keeping a focus on hometown service. Contact one of our commercial banking officers today to get a FREE analysis of your business checking account needs – we may well be able to lower your costs, improve your efficiency, and increase your return on funds. See how good your banking can be!
To help decide which account you need, please view the comparison chart.
Business Analysis Checking
This non-interest bearing checking account is an excellent choice for many businesses. It allows unlimited transactions and a market leading Earnings Credit Rate which combines with the balance in your account to partially or completely offset item fees. The Earnings Credit can also offset the cost of cash management services including Internet Banking, ACH transactions such as Direct Deposit, Positive Pay, Remote Deposit, and Commercial Lockbox.
Small Business Checking
Small Business Checking is designed for businesses and not-for-profit organizations with low to moderate activity. If your small business or organization transacts less than 150 items per month this may be the account solution for you. Any item over 150 per month is only $0.35 each.
*This account requires the use of electronic statements (“e-statements”) to avoid the imposition of a paper statement fee. Failure to enroll in and utilize e-statements will result in a $5.00 paper statement fee.
Business Interest Checking
Looking for a business checking account that earns interest? Our Business Interest Checking can be a great solution for those with higher balance accounts. Interest is paid on the average balance in the account. Fees are based on the activity in the account and are very competitive.
Zero Balance Account
This account allows you to segregate certain transactions into a separate account for tracking and/or bookkeeping purposes (such as payroll) while still consolidating funds in your main account.
Receivables Account
A zero balance account which is further specialized by allowing only incoming electronic payments. If you need to share your account number with third parties, this account can eliminate any potential fraud problems by preventing debits to the account. Funds are automatically consolidated into your main account.
Sweep/Repurchase Agreement
Businesses or organizations with healthy account balances can easily maintain their fiduciary responsibility and insure a return on their funds while maintaining immediate liquidity. When a sweep/repurchase agreement is tied to a commercial checking account, all funds over a preset balance are automatically transferred or “swept” overnight into government backed securities. The next business day, the funds are repurchased, with interest. The interest rate on this account is tied to the 91-day US Treasury Rate, meaning customers receive a market leading return on funds.