Business Checking Accounts
We are a small, community business too. Let’s do this together. Open a business checking account with The Bank of Glen Burnie (BofGB) and receive the personalized customer service your business deserves with the big bank options you desire.
Your Business, Your Money
Business Checking Account Options
| Business Checking | Non-Profit Checking | Small Business Checking | Business Interest Checking | Premium Interest Checking | ||
|---|---|---|---|---|---|---|
| Minimum Opening Deposit | $300 | $50 | $100 | $1,000 | $2,500 | |
| Minimum Balance | No | No | $2,500 | $1,000 | $2,500 | |
| Maintenance Fee per Statement Cycle | $12 + $0.12 activity fee1 Terms & Conditions | No | No3 Terms & Conditions | No4 Terms & Conditions | No5 Terms & Conditions | |
| Interest Earned | No | No | No | Yes | Yes | |
| Other Limitations | No | No | No | Limited to sole proprietors and non-profit organizations only | Limited to sole proprietors and non-profit organizations only | |
| Additional Benefits | An earnings credit of $0.021 for each $100 of average available balance is applied during each statement cycle.2 Terms & Conditions | Unlimited check writing |
| Free monthly statements | - |
Terms and Conditions
- Business Checking:
- 1Activity fee of $0.12 is charged for each item presented against the account and each item deposited into the account.
- 1Activity fee is waived for all checks deposited into the account that are drawn on The Bank of Glen Burnie.
- 2Earnings credit will be applied to reduce maintenance and activity fees. It cannot exceed total maintenance and activity fees that apply during the statement cycle.
- 3Small Business Checking: No monthly maintenance fee unless daily ledger balance falls below $2,500 in a statement cycle; then $10 fee
- 4Business Interest Checking: No maintenance fee unless daily balance falls below $1,000 in a statement cycle; then $5 fee and $0.20 per item paid
- 5Premium Interest Checking: No maintenance fee unless daily balance falls below $2,500 in a statement cycle; then $7 fee
Interest Rates
All interest rates are set by The Bank of Glen Burnie® and are subject to change at any time based on market conditions.
Important Information: Fraud Protection | New Account Opening Information
