Business Checking Accounts

Avidia Bank specializes in providing affordable products and services to businesses. In fact, we've designed our business checking accounts so that virtually any business can have the benefits of a full-featured checking account without incurring monthly fees. To learn which of these accounts is most appropriate for your business, we encourage you to meet with an Avidia Commercial Relationship Officer.

Corporate Checking Account: Our Corporate Account includes regular checking activity fees that can be offset by an earnings credit on collected balances. It features a Repurchase Account with three tiers of interest. Fees on this account can be assessed at the account level, giving you unique pricing flexibility. You get free Internet banking, $100 off your first check order, free merchant card setup, and a no annual fee Business Visa Credit Card.

Basic Business Checking Account: This Basic Account has no monthly maintenance fee and no minimum balance requirement. There is no charge for the first 100 checks paid each month, then a $.50 charge for each additional check. You get free Internet banking, and you receive $100 off of your first check order when you open your account.

Smart DBA Checking Account: This account is available only to sole proprietor accounts. It features no monthly fee, no minimum balance, and no activity charges. You get free Internet banking, and when you open the account, you receive $100 off of your first check order. There is no earnings credit available.

Business Debit Card: You can also choose to have a free Business Debit card with any business checking account, and to link your checking account to other Avidia business accounts for greater financial flexibility. There are no charges for POS and EFT transactions, or ATM transactions made at any ATM that is part of the SUM network. Avidia charges a $1.50 fee when you use an ATM that is not part of the SUM Network. Banks that are not part of the SUM network may charge you a fee for using their ATM.

Business Money Market: This account lets you earn high interest rates and enjoy instant access to your money, plus gives you the security of being FDIC and DIF insured.

The higher your balance, the higher the interest you earn, and the $5.00 monthly maintenance fee is waived as long as you maintain the minimum balance of $1,000. You can have unlimited over-the-counter withdrawals, but there is a limit of six pre-authorized automatic computer transfers or check withdrawals per statement period. No more than three of these withdrawals may be to a third party. The minimum opening deposit is $1,000. You can make unlimited deposits, withdrawals or transfers using an ATM (there are some restrictions on accessing money market accounts with a Check Card).

For more information call our Business Banking Services Department at (800) 397-2225.

Important Information About Procedures For Opening A New Account:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.