CHECKING ACOUNTS

The checking account is the cornerstone tool for managing your business's cash flow. At Presidio Bank, we're committed to providing the very best checking account features to simplify your Company's banking needs.

Use this section to determine the best checking product for you.

Business Basic Checking

Perfect for accounts with low to moderate transaction activity, this account offers generous transaction allowances and a low minimum balance requirement.

Benefits of Basic Business Checking

  • No monthly maintenance fee with average monthly balance requirement of $5,000
  • Up to 150 no-charge checks paid per month
  • Up to 200 no-charge checks deposited per month
  • Check images and statements are available at no charge
  • Basic Business eBanking is available
  • The convenience and security of the Visa® Business Debit Card
  • Funds in Business Basic Checking are combined with other accounts of the same entity and insured by the FDIC up to the current available limit of $250,000.

 

Business Interest Checking

Provides business entities eligible to earn interest (including nonprofit organizations and sole proprietors) with a cost-effective way to manage checking needs while earning a competitive interest rate. Not available to partnerships, corporations, associations, business trusts and organizations that are operated for a profit. 

Benefits of Business Interest Checking (NOW Account)

  • No monthly maintenance fee with average monthly balance requirement of $5,000
  • Up to 150 no-charge checks paid per month
  • Up to 200 no-charge checks deposited per month
  • Earns attractive competitive rates of interest
  • Provides clients access to their money anytime/anywhere, with no minimum withdrawal amount
  • Check images and statements are available at no charge
  • Business eBanking services are available
  • The convenience and security of the Visa® Business Debit Card
  • Funds in Business Interest Checking are combined with other accounts of the same entity and insured by the FDIC up to current available limit of $250,000.

 

Nonprofit Checking

Non-Profit Checking is a basic checking account designed for the special needs of non-profit organizations with low transaction volume. 

Benefits of Nonprofit Checking

  • No monthly maintenance fee with average monthly balance requirement of $5,000
  • Up to 150 no-charge checks paid per month
  • Up to 200 no-charge checks deposited per month
  • Business eBanking services are available
  • Check images and statements are available at no charge
  • The convenience and security of the Visa® Business Debit Card
  • Funds in Nonprofit Checking are combined with other accounts of the same entity and insured by the FDIC up to the current available limit of $250,000.
IOLTA Account

Presidio Bank is pleased to participate in the California IOLTA (Interest on Lawyers' Trust Accounts) program.  Our IOLTA program enables lawyers and law firms to establish interest-bearing accounts for client deposits which are nominal in amount or expected to be short term.  Some examples of the types of funds in IOLTA accounts are personal injury awards, and litigation settlements.  We remit the interest generated from client accounts to the California State Bar.

Features

  • Free Basic Business eBanking
  • No activity charges
  • Check Image View
  • E-Statements 
  • Supports single or multi-client account(s) (Please review the California State Bar Associations guidelines)
  • Funds are insured by the FDIC, for multi-client accounts each client is insured to the maximum FDIC limit

Minimum Balance to Open the Account

$5,000

Minimum Balance Requirement

None

Monthly Service Charge

None

Interest Compounding and Crediting Frequency

Interest will be compounded daily and credited monthly.  
 

For a complete understanding of this service please contact any of our banking offices

Account Analysis Checking

For businesses with moderate to high transaction activity, this account features a monthly Earnings Credit Allowance that helps reduce or even eliminate service charges. 

Benefits of Account Analysis Checking

  • Earnings Credit Rate (ECR) can offset service charges including monthly maintenance fee
  • Unlimited transactions 
  • Links to a wide variety of cash management services
  • Transactions charged on a per-item basis, so clients pay only for services used
  • Clients can maximize their cash position through use of our Zero Balance Accounts and working with the bank on investment alternatives
  • Receive timely and detailed information with  eBanking services
  • Check Images and Statements are available at no charge
  • Analysis statements provide combined relationship along with individual account statements to effectively manage the clients costs
  • The convenience and security of the Visa® Business Debit Card
  • Funds in Account Analysis Checking are combined with other accounts of the same entity and insured by the FDIC up to current available limit of $250,000.

 

For further information regarding our Checking Plans, please call or visit your local Presidio Bank office.