Deposit Services for Business Clients


 
 

All Cherokee Bank Business Accounts come with these features and benefits:

  • Free Internet Banking and Bill Pay
  • Free Automated Telephone Banking
  • Free Business Debit Card
  • Unlimited use of Cherokee Bank's ATM

FREE BUSINESS CHECKING

  • $50 Minimum to open
  • NO Minimum Balance Requirement
  • NO Monthly Maintenance Fee
  • 150 Free Items Per Month (Combined total of items deposited and checks/debits)
    • $.25 per item over 150
  • Free Cash Processing up to $5,000 Per Month
    • $2.00 for each thousand over $5,000 per month

REGULAR BUSINESS CHECKING

  • $50 Minimum to Open
  • $10,000 Average Monthly Balance to Avoid Monthly Maintenance Fee of $18
  • 300 Free Items Per Month (Combined total of items deposited and checks/debits)
    • $.25 per item over 300
  • Free Cash Processing up to $10,000 Per Month
    • $2.00 for each thousand over $10,000 per month


BUSINESS INTEREST CHECKING

    Available only to sole proprietorships and non-profit organizations
  • $50 Minimum to Open
  • $10,000 Average Monthly Balance to Avoid Monthly Maintenance Fee of $18
  • 300 Free Items Per Month (Combined total of items deposited and checks/debits)
    • $.25 per item over 300
  • Free Cash Processing up to $10,000 Per Month
    • $2.00 for each thousand over $10,000 per month

For every qualifying purchase made using your debit card with your signature, you earn valuable Bonus Points that may be redeemed for brand-name merchandise and exciting travel awards. Register your debit card now at ScorecardRewards.com



BUSINESS SAVINGS ACCOUNT

  • Limited Transaction Account
  • $50 Minimum to Open
  • $250 minimum daily balance to avoid quarterly service charge of $7


BUSINESS INSURED MONEY MARKET

  • Limited Transaction Account
  • $50 Minimum to Open
  • $2,000 minimum balance to avoid quarterly Maintenance Fee of $10
  • Higher rate for balances over $100,000

Important Information about Procedures for Opening a New Account
Federal Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We will also ask to see your driver's license or other identifying documents.

In order for Cherokee Bank to form a reasonable belief that the true identity of each client is known, we request that you personally visit one of our office locations to open an account.

Wire Transfer Instructions
Schedule of Fees
Online Banking Info