We Offer a Variety of Business Deposit Products to Help You Make the Most of Your Banking Experience
BUSINESS CHECKING OPTIONS (EFFECTIVE JANUARY 1, 2026)
| ACCOUNT FEATURES | ICON ESSENTIAL CHECKING | ICON EDGE CHECKING | ICON ELITE CHECKING | ANALYZED BUSINESS CHECKING | INTEREST ON LAWYERS' TRUST ACCOUNT (IOLTA) |
| Product Overview | Essential Business Checking provides a straightforward and convenient way for small businesses to manage their everyday banking needs. It provides the core features you need to handle deposits, payments, and account access, without unnecessary extras or high fees. | Icon Edge Checking is built for growing businesses and organizations that need flexibility and higher transaction limits. It offers enhanced checking features, increased deposit and debit allowances, and convenient access through online and mobile banking, bill pay, and a business debit card. | Icon Elite Checking is designed for businesses and organizations with higher balances and frequent transactions. It offers increased deposit and debit limits, fee waivers, and service discounts, providing convenient access and enhanced features for more complex banking needs. | The Analyzed Business Checking is designed for companies and organizations that want flexibility and cost efficiency through an earnings credit system. Earnings credits are applied to reduce or eliminate service fees, making it a cost-effective solution for managing complex banking needs. | An IOLTA (Interest on Lawyers’ Trust Account) is an interest-bearing account for attorneys and law firms to hold nominal or short-term client funds. Interest is remitted to the state’s IOLTA program to support legal aid, while client funds remain protected and compliant with state bar requirements. |
| Best for | Small businesses, sole proprietors, startups |
Established businesses, growing companies, and nonprofits | Established businesses and corporations | Establish businesses and corporations that manage high transaction volumes and utilize multiple treasury services. | Attorneys, law firms, and legal professionals |
| Minimum Opening Deposit | $100.00 | $100.00 | $100.00 | $1,000.00 | $100.00 |
| Balance Requirement Fee / Monthly Service Fee | $10.00 | $20.00 | $30.00 | $25.00 | None |
| Ways to Avoid the Monthly Service Fee | You can avoid the $10.00 monthly service fee by maintaining a minimum daily balance of $500 or more. | You can avoid the $20.00 monthly service fee by maintaining a minimum daily balance of $2,500 or more. | You can avoid the $30.00 monthly service fee by maintaining a minimum daily balance of $5,000 or more. | Service fees may be offset by an earnings credit. The earnings credit is calculated each analysis period and may only be applied to charges incurred during that same month. Unused credits will not carry over to subsequent periods. | Not Applicable |
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Checks Deposited per Statement Cycle
(Deposited Check Items)
|
Up to 25 free, then $0.15 per check deposited |
Up to 50 free, then $0.15 per check deposited | Up to 100 free, then $0.15 per check deposited | Service fees may be offset by an earnings credit. | None |
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Checks/Debits per Statement Cycle
(Checks and ACH Debits)
|
Up to 25 free, then $0.25 each | Up to 50 free, then $0.25 each | Up to 100 free, then $0.25 each | Service fees may be offset by an earnings credit (*1) | None |
| Interest Bearing (*2) | No | No | No | No | Interest is paid at a variable rate on any balance of $0.01 or greater. Rates are subject to change at any time. Please contact a banker for the current rate listing. |
| Additional Benefits |
• Online Banking
• Mobile Banking
• Bill Payment
• eStatements
• Business Debit Card
• Monthly service fee and transaction fees waived for nonprofits and associations
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• Online Banking
• Mobile Banking • Bill Payment • eStatements • Business Debit Card • $50 discount on initial check order |
• Online Banking
• Mobile Banking • Bill Payment • eStatements • Business Debit Card • $100 discount on initial check order • ACH Setup Fee Waived • RDC Setup Fee Waived |
• Online Banking
• Mobile Banking • Bill Payment • eStatements • Earnings credit to offset fees • Customized treasury services • Scalability for larger operations • Optimized Cash Management |
• Online Banking
• Mobile Banking • eStatements • 5 complimentary cashier’s checks per month • Automatic interest handling |
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(*1) An earnings credit rate is calculated on the investable balance and applied to offset service fees. Please refer to the Business Fee Schedule for applicable analysis and transaction fees.
(*2) See the Deposit Account Agreement additional information regarding interest compounding and frequency.
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BUSINESS SAVINGS OPTIONS (EFFECTIVE JANUARY 1, 2026)
| ACCOUNT FEATURES | ESSENTIAL BUSINESS SAVINGS | BUSINESS MONEY MARKET | CERTIFICATES OF DEPOSIT | ||
|---|---|---|---|---|---|
| Minimum Opening Deposit | $1,000 | $5,000 | $10,000 | ||
| Balance Requirement Fee/ Monthly Service Fee |
$5.00 | $20.00 | None | ||
| Ways to Avoid the Monthly Service Fee | You can avoid the $5.00 monthly service fee by maintaining a minimum daily balance of $1,000 or more. |
You can avoid the $20.00 monthly service fee by maintaining a minimum daily balance of $5,000 or more. | Not Applicable | ||
| Minimum Daily Balance to Accrue Interest | Interest is paid at a variable rate on any balance of $0.01 or greater. Rates are subject to change at any time. Please contact a banker for the current rate listing. | Interest is paid at a variable rate on any balance of $0.01 or greater. Rates are subject to change at any time. Please contact a banker for the current rate listing. | Interest is paid at a fixed rate on any balance of $10,000 or greater. The rate is fixed for the term of the certificate of deposit. |
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| Interest Bearing (*2) | Yes | Yes | Yes | ||
| Account Limitations | ATM/Debit cards are not permitted for use with Business Savings accounts. | ATM/Debit cards are not permitted for use with Business Money Market accounts. | Early Withdrawal penalties may apply (10-calendar-day grace period). Please refer to the Deposit Account Agreement for details. |
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| (*2) See the Deposit Account Agreement additional information regarding interest compounding and frequency. | |||||
BUSINESS SERVICES (EFFECTIVE JANUARY 1, 2026)
| ONLINE BANKING www.iconbusinessbank.com | MOBILE BANKING | TREASURY SERVICES | BUSINESS DEBIT CARD |
|---|---|---|---|
| Account Balance & Activity Inquiry | Account Balance & Activity History | ACH Orgination | Cash Withdrawal Daily Limit$1,000.00 |
| Bill Payment | Bill Payment | Courier | Point-of-Sale Daily Limit$5,000.00 |
| Stop Payments | Mobile Deposit | Digital Invoicing | MoneyPass Network ATM; Surcharge-Free at 32,000 Network ATM LocationsVisit www.moneypass.com for specific locations. |
| Transfer Funds | Transfer Funds | Lockbox | |
| Quick / Quickbooks Direct Connect | Apple Pay | Merchant Services | |
| Quicken/ Quickbooks Web Connect | Google Pay | Positive Pay Services(Fraud Prevention) | |
| View and Print Check Images | Remote Deposit Capture | ||
| View and Print Statements | Sweep Services | ||
| Wire Transfers | Wire Transfer Services |
Please refer to the Deposit Account Agreement and Disclosures for other important terms and conditions.
All fees and charges are effective as of January 1, 2026, and are subject to change. If you have questions, please call us at 888.383.1954.
All fees and charges are effective as of January 1, 2026, and are subject to change. If you have questions, please call us at 888.383.1954.
For current rates and APY, or for additional information, contact our Client Services Team.