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Business Checking Accounts

Silver Lake Bank has developed accounts to meet the needs of virtually all types of businesses. A $100 minimum deposit is required to open an account. E-Delivery of statements and notices is free. Paper statements are $3 per statement period.

Interested in opening an account?
Send an email, call, or visit a Silver Lake Bank branch near you

Commercial Analysis Checking

Designed for medium to large sized businesses with significant monthly activity.

Features & Fees

  • Earnings credit applied each month against activity and other bank fees to eliminate or reduce service charges.
  • Monthly service charge is $10.
  • Fees for debit items include $.15 per check and $.05 per ACH debit.
  • Fees for deposited items include $.05 per SLB check and $.07 for all other checks.
  • No charge for internal funds transfers or ACH Deposits. Charges for ACH origination apply.

Convenience Analysis Checking

Designed strictly as a convenience account for businesses needing a local depository bank to process daily receipts.

Features & Fees

  • Earnings credit applied each month against activity and most other bank fees to eliminate or reduce service charges.
  • Monthly service charge is $25.
  • Cash/coin deposit fee of $10 per each $5,000 deposited.
  • Per deposit fee of $.15 each in excess of 40 deposits per month
  • Fees for debit items include $.15 per check and $.05 per ACH debit
  • Fees for deposited items include $.05 per SLB check and $.07 for all other checks.
  • No charge for internal funds transfers or ACH deposits. Charges for ACH origination apply.
  • E-Delivery of statements and notices is free. Paper statements re $3 per statement period.

Church Analysis Checking

This account is designed for a church's primary operating account. Other available services include counting the offering plate, collecting pledges electronically, direct deposit of payroll, and premium rate on savings accounts. 

Features & Fees

  • No monthly service charge, withdrawal, or deposit charges
  • No charge for internal funds transfers or ACH activity

Business Checking

This account is designed for businesses writing fewer than 50 checks and depositing less than 75 paper items per month.

Features & Fees

  • No monthly service charge if ALB1 is $500 or more. $8.50 service charge if ALB1 is below $500.
  • 50 check withdrawals monthly at no charge. Each additional withdrawal is $.25
  • 75 paper deposited items monthly at no charge. Each additional paper deposited item is $.25
  • No charge for internal funds transfer or ACH activity, charges for ACH Origination apply.

Express Business

For the small business with minimal monthly activity.

Features & Fees

  • No monthly service charge if ALB1 is $100 or more. $5 service charge if ALB1 is below $100.
  • 25 free total check withdrawals. Additional items over 25 are $.25 each.
  • 25 free total paper deposited items. Additional items over 25 are $.25 each.
  • No charge for internal funds transfer or ACH activity. Charges for ACH origination apply.

Express Club

Small informal clubs, groups, and organizations will enjoy no monthly minimum balance requirement.

Features & Fees

  • 25 free total check withdrawals. Additional items over 25 are $.25 each.
  • 25 free total paper deposited items. Additional items over 25 are $.25 each.
  • No charge for internal funds transfer or ACH activity. Charges for ACH origination apply.

Church Deposit Products & Services

A collection of customized products and services to meet the needs of churches in our community.

  • No monthly service charge, withdrawal or deposit charges on primary operating account
  • Dual control for processing the offering plate
  • Direct deposit of payroll
  • Premium rate on savings account
  • No charge for internal funds transfers or ACH activity.

Commercial Cash Management Account
With Repurchase Agreement

Designed to give large balance commercial customers the opportunity to earn interest on idle checking account funds.

Features & Fees

  • Earn competitive interest rates on idle funds
  • Transfer of idle funds is automatic
  • Visible through Silver Express Internet Banking
  • Receive detailed daily confirmation of activity
  • Account secured by repurchase (repo) agreements and is not FDIC insured

Overdraft Coverage Options

Life happens! Silver Lake Bank understands that unexpected overdrafts occur from time to time. Overdraft coverage can help.

Silver Lake Bank has two options for you. Consider these ways to cover overdrafts:

  1. Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account at Silver Lake Bank. This service is free!
  2. Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. Even if you have overdraft protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Overdraft Privilege ‘Extended Coverage’ is automatically provided for business accounts. There is no cost to you for Overdraft Privilege or Overdraft Privilege Extended Service unless you use it. If used, fees will apply.

You can discontinue Overdraft Privilege ‘Extended Coverage’ by calling us at 785.232.0102 or toll free 877.232.0102, email us at slbank@silverlakebank.com or come by a branch.

Learn more about Silver Lake Bank's Overdraft Coverage (PDF).

Overdraft Protection Services (PDF). (Service automatically provided to business accounts.)

Read the Consumer Financial Protection Bureau’s brochure ‘Know Your Overdraft Options’ (PDF).

      
1ALB= Average Ledger Balance