Business Checking Accounts

Open an account now and you’ll get a free gift!

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!


Think Mutual

Wells Fargo

US Bank


Simply Better Business Checking
Simple Business Checking
Gold Business Package
Community Business Banking
Monthly service fee
Requirements to avoid monthly service fee
$500 Average Ledger Balance
$10,000 Average Collected Balance
$2,500 Daily Collected Balance
Monthly transaction allowance
Annual service fee if requirements not met

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

Open a business account

Visit us or call 1-800-288-3425 to start saving more today.

Business checking account options

Help me choose

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)


  • 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

Think Mutual Bank Rochester MN area locations: General Offices, IBM Rochester, Green Meadows, East River, West Circle Drive, Shoppes On Maine, and Downtown Rochester.

Twin Cities Metro Area

Think Mutual Bank Twin Cities MN area locations: Edina, Eagan, Apple Valley, and St. Paul Minnesota.

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.

Equal Housing Lender Equal Housing Lender
Equal Housing Lender Equal Housing Lender

Member FDIC - NMLSR ID 440195

Bank smart, live well.

Think Mutual Bank

© 2019 - Think Mutual Bank | Legal Notices | Privacy Policies

Insurance products are offered through Think Insurance (MN license # IA-538), not Think Mutual Bank. Insurance products are not FDIC insured, are not insured by any federal agency, and are not a deposit or guarantee of Think Mutual Bank. This is not a policy. For a complete statement of coverages and exclusions, please see the policy contract.

The financial advisors of Think Financial Planning offer securities and advisory services through Commonwealth Financial Network®, member FINRA/SIPC, a Registered Investment Adviser. Investments are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Funds are subject to investment risks, including possible loss of principal investment. Think Mutual Bank is not a registered broker-dealer or Registered Investment Adviser. Think Mutual Bank and Commonwealth are separate and unaffiliated entities. Fixed insurance products and services offered by CES Insurance Agency, Think Insurance, or Think Financial Planning. Think Financial Planning is headquartered at 5200 Members Pkwy NW, Rochester, MN 55901. Check the background of this firm on FINRA's BrokerCheck.

This information is provided for new customers who live or work in Minnesota, and for existing customers residing in the states of AR, AZ, CA, CO, FL, IL, IN, IA, KS, KY, MA, MD, MI, MN, MO, MT, NM, NV, NY, ND, NC, OH, PA, SD, TN, TX, UT, VA, WA, WI, WY. No offers may be made or accepted from any resident outside of these states due to various state regulations and registration requirements regarding investment products and services.