Business Checking

Our Business Checking Accounts are the foundation of our business services. We offer a choice of three business checking accounts: Advantage, Elite and Commerical. We also offer Select Checking for clubs and small non-profit groups. Each checking account is designed to help you manage your resources more effectively and simplify your cash management.

You can even download account information for importing into QuickBooks1, making managing your business finances even easier. All at a price significantly less than that charged by banks.

Compare Accounts

View the checking account comparison chart below to help determine the best fit for your business needs.

FEATURESAdvantageEliteCommercial
Minimum Opening Balance$100$100$100
Monthly Maintentance Fee$10 - waived with Business Debit Card and eStatements$10

$20

Dividend BearingNoYes - $2,500 minimum daily balance to earn dividendsYes - $5,000 minimum daily balance to earn dividends, tiered rate
Item Fees50 items* free per month $0.20 per item over 50100 items* free per month $0.20 per item over 100250 items* free per month $0.20 per item over 250
Electronic Debits & CreditsFree, unlimited Point-of-Sale (POS) and ACH transactionsFree, unlimited Point-of-Sale (POS) and ACH transactionsFree, unlimited Point-of-Sale (POS) and ACH transactions
Currency Deposited Fee$0.01 per bill500 bills free per month $0.01 per bill over 5001000 bills free per month $0.01 per bill over 1000
Coin Disbursed Fee$0.10 per roll$0.10 per roll$0.10 per roll
Free Box of ChecksYesYesYes
Business Debit CardFree up to four cardsFree up to four cardsFree up to four cards
Line of Credit AvailableYesYesYes

*Items include: checks deposited, on-us items and checks clearing. Refer to Business Service Fee Schedule for other fees that apply.
Qualifications apply.

Special Features:

  • First box of checks free
  • Free Online Banking
  • Up to four free Business Debit Cards with zero liability2 for unauthorized use (limitations apply)
  • Free eDocuments
  • Free Bill Payment

Hiway Business Checking Accounts can also be equipped with a Line of Credit to help assist you with your cash flow needs.

Open a Business Checking Account

If you currently have a Hiway Business Account, please complete our Business Checking Application.

Not a Member Yet?

Simply complete our Business Account Application and select the type of services you would like to open.

Questions?

You can email businessservices@hiway.org with any questions that do not include personal financial information. Otherwise, please give us a call at 651.259.2999 or 800.899.5626

1QuickBooks is a registered trademark of Intuit, Inc.
2Zero liability does not apply unless you exercise reasonable care in safeguarding your debit card from loss, theft or unauthorized use. Two or more incidents of unauthorized use in a 12-month period may not be covered by zero liability. Zero liability does not apply if a personal identification number (PIN) is used as the cardholder verification method for unauthorized transactions. Your account must be in good standing for zero liability to apply. Unauthorized use means the use of a Hiway Business Debit Card by a person other than the cardholder, who does not have authority for such use and from which the cardholder receives no benefit.
†Qualifications apply.