Business Checking Accounts
When you open a new business account, you'll receive a FREE thank you gift, and we'll pay you up to $10 for your debit card and unused checks from your current business checking account at another financial institution.***
Opening an account couldn't be easier - visit us or call 1-800-288-3425 to start saving more today.
Save up to $240 a year at Think!
COMPARE: |
Think Mutual |
Wells Fargo |
US Bank |
Bremer |
Simply Better Business
Checking |
Simple Business Checking |
Gold Business Package |
Community Business Banking |
|
Monthly service fee |
$0 |
$10 |
$20 |
$10 |
Requirements to avoid monthly service fee |
NONE |
$500 Average Ledger Balance |
$10,000 Average Collected Balance |
$2,500 Daily Collected Balance |
Monthly transaction allowance |
1,000 |
50 |
300 |
300 |
Annual service fee if requirements not met |
$0 |
$120 |
$240 |
$120 |
Competitive information was obtained directly from financial institutions' websites during the week of 08/02/18. Some institutions may allow other ways to waive the monthly service fee. Costs above assume the customer does not meet the balance requirements.
All business checking accounts include
- Free Debit Card
- Free Online Banking
- Free Mobile Banking app
- Free eStatements & eNotices
- Free thank you gift**
Open a business account
Visit us or call 1-800-288-3425 to start saving more today.
Business checking account options
Simply Better Business Checking
Perfect for most businesses
- No minimum balance
- No monthly service fee
- 1,000 FREE monthly transaction items*
- Up to $10,000 currency deposited per month free^
Business Interest Checking
Perfect for sole-proprietorships and not-for-profit organizations
- Competitive interest rate
- 1,000 FREE monthly transaction items*
- Only $1,500 minimum balance to avoid a low monthly fee of $6
- Up to $10,000 currency deposited per month free^
Commercial Checking
For businesses with more complex banking needs
- Earnings credit allowance on deposit balances may offset activity fees
- Only $15 monthly service fee
- Transaction items are just 12¢ each
- Coin and currency deposits just 50¢ per $1,000
We also offer
Open a business account
Visit us or call 1-800-288-3425 to start saving more today. To assist in opening your account we may request:
Sole Proprietorships:
- Your full legal name
Limited Liability Companies (LLC):
- Articles of Organization
Unincorporated Lodges, Associations, or other entities:
- By-laws (if applicable)
- Meeting minutes (if applicable)
Corporations:
- Articles of Incorporation filed with the state
Partnerships & Limited Liability Partnerships (LLPs):
- Partnership Agreement
- Statement of Qualifications file with State Filing Office
Think all banks are the same? Think again.
- You won't be treated like an account number here - we genuinely care about your financial well being.
- Our employees earn a fixed salary and are not incented by which products you choose or how much money you bring to the bank. So you can trust that the recommendations we make are in your best interest.
- Giving generously to and caring for the communities in which we operate is part of our organizational values. Helping build vibrant, successful communities benefits us all – and it's the right thing to do.
- As a mutual bank, our sole focus is serving you. We're owned by our customers, not stockholders. This means we deliver care over sales pressure and indifference. We believe fair prices are more important than increased profits.
- Your success is how we measure ours.
Branch locations
Rochester, MN
Twin Cities Metro Area
Open an account
Visit us or call 1-800-288-3425 to start saving more today.
* Transaction items include all debits and credits. If the Simply Better Business or Business Interest account exceeds 1,000 free monthly transactions, the account may be converted to another checking product.
^ Includes coin and currency. If the Simply Better Business or Business Interest account exceeds $10,000 in monthly coin and currency deposits, the account may be converted to another checking product.
** We reserve the right to substitute a gift of similar value. Free gift may be reported on a 1099. Free gift provided at the time of account opening.
*** $5 for checks and $5 per debit card (up to $10 maximum) from another financial institution given at the time the checks/debit cards are presented.
Other fees such as non-sufficient funds, overdrafts, sustained overdraft fees, bill pay fees, etc. may apply. See fee schedule for details. Bank rules and regulations apply. Minimum opening deposit is only $50. Ask for details.
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