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Business

Basic Business Checking

Our basic business checking account is a standard non-interest bearing account used by many businesses.

benefits
  • No monthly service charge if daily balance is kept at $1,500 or higher, otherwise a $10 service charge will be assessed
  • Monthly service charges are waived for non-profit organizations
  • Check images returned with monthly statement
  • First 50 checks/debits no charge
  • First 250 deposited items no charge
requirements
  • Minimum deposit to open account – $100
Applications
checking item fees
  • $0.15 per check/debit over 50
  • $0.25 per deposited item over 250
Business Analysis Checking

The business analysis checking account is suited for those businesses that conduct high volumes of transactions and maintain higher balances.

benefits
  • Earnings credit may offset analysis fees
  • Check images returned with monthly statements
requirements
  • Minimum deposit to open account – $100
Applications
checking item fees
  • $0.15 per debit/check
  • $0.25 per credit/deposit
  • $0.05 per item deposited
other fees
  • $6.50 monthly service charge
Business Interest Checking

The business interest checking account is an interest bearing account for small businesses, government entities and non-profit organizations.

benefits
  • No monthly service charge if daily balance is kept at $1,200.00 or higher, otherwise a $10 service charge will be assessed
  • Check images returned with monthly statements
  • Interest is compounded daily and credited to your account every statement cycle
  • First 50 check/debits no charge
  • First 250 deposited items no charge
requirements
  • Minimum deposit to open account – $100
  • A minimum daily balance of $1,200 must be maintained in order to obtain the disclosed annual percentage yield
Applications
checking item fees
  • $0.15 per check/debit over 50
  • $0.25 per deposited item over 250
Business Money Market

This account is ideal for businesses who wish to invest funds, but also need the ability to write a check every once in a while.  This account generally pays our highest interest rate compared to other interest-bearing checking accounts offered by the bank.

benefits
  • Interest is compounded daily and credited to your account every statement cycle
  • No monthly service charge if daily balance is kept at $2,500 or higher, otherwise a $10 service charge will be assessed
  • Eligible for all types of businesses
  • Tiers for interest earnings:
    • $2,500 – $99,999
    • $100,000 – $249,999
    • $250,000 and above
requirements
  • Minimum deposit to open account – $2,500
  • A minimum daily balance of $2,500 must be maintained in order to obtain the disclosed annual percentage yield
Applications

Fees may reduce earnings.

Business Savings

A business savings account allows a business to invest funds in an interest bearing account.

benefits
  • Interest will be compounded daily and credited to your account every quarter
  • No quarterly service charge if daily balance is kept at $300 or higher, otherwise a $5 service charge is assessed
  • Automatic transfers can be set up between savings and checking accounts
requirements
  • Minimum deposit to open account – $100
Applications

Fees may reduce earnings.

ACH Origination

ACH Origination is for the collection or disbursement of funds. Businesses can take advantage of direct deposit (payroll) and direct payments through ACH Origination.  Other advantages include minimizing the cost of preparing, mailing and reconciling paper checks.  Please call us for more information.

VISA / MasterCard Merchant Program

Muenster State Bank offers merchants the ability to accept VISA© and MasterCard© credit cards and debit cards.  Terminals and printers can be purchased or leased by the business, and service can be provided year round or seasonally.  Call us for more details on pricing and contract terms.