BUSINESS BANKING
The Bank of Monroe offers several choices in business checking accounts to meet your everyday banking needs and simplify your finances.
Business Checking Account
- This is our most popular checking account due to the following features:
- No minimum balance required
- No monthly service charge
- No service charge on number of checks written
- Minimum balance to open the account: $100.00
NOW Checking Account
- The NOW Checking Account is available to non-profit, sole-proprietorships, IOLTAs, public funds and other government entities.
- Minimum balance to open the account:$1,200.00
- Rate Information: Interest rate may change
- Transaction Limitations: No transaction limitations
- Service Charge: $5.00 if balance falls below $1,200.00 any day in cycle
Money Market Deposit Account
Accounts requirements and fees vary. Please speak with one of our Customer Service Representatives, to discuss them during your next visit.
- Minimum balance to open the account: $1,200.00
- Rate Information: Interest rate and annual percentage yield may change
- Transaction Limitations: Maximum of 6 withdrawals or transfers per month.
- Service Charge: $5.00 if balance falls below $1,200.00 any day in cycle
Business Savings
The Bank of Monroe’s Savings Passbook Account makes it easy and convenient to build your funds. This account provides maximum flexibility to help you meet your short-term savings needs.
- Minimum balance to open the account: $10.00
- Rate Information: Interest rate and annual percentage yield may change
- Transaction Limitations: No transaction limitations
- Service Charge: None
TYPES AVAILABLE
- Commercial Loans
- Real Estate
- Construction
Stop in one of our locations to apply for one of the available loans.
CUSTOMER NOTICE
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 for 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