Business Checking

Summit offers checking account solutions that are mindful to the needs of your business. Large or small, a few transactions or many, we offer a checking account that’s perfect for your business.

 

Small Business Checking
This account is designed for sole proprietorships and single member LLCs. It allows you to earn interest while having access to a variety of great services for your business.

Here are the features of this account:

  • Earn interest on daily balance
  • Offset monthly fees with earned interest
  • Internet Banking and ACH services available
  • Remote deposit and courier services available
  • $50 minimum to open account

 

Small Corporate Checking
This checking account is perfect for businesses with limited transactions each month. If you stay within the transaction limit and maintain a balance of $2,500, then this account is just what you’re looking for.

Here are all the features of this account:

  • Free transactions up to 40 debits and 85 credits
  • Maintain $2,500 minimum balance to waive fees
  • Internet Banking and ACH services available
  • Remote deposit and courier services available
  • $50 minimum to open account

 

Corporate Checking
A Corporate Checking account is designed for businesses with a heavy transaction volume. Your fees are offset by the earnings credit on the deposit balance.

Here are the features of this account:

  • Monthly average collected balance - less a 10% reserve requirement - receives credit
  • Credit based on Fed Funds target rate applied against monthly service charges
  • Internet Banking and ACH services available
  • Remote deposit and courier services available