Business Checking
Convenient, reliable checking accounts designed to help your business go farther.
Whatever your business’s size or structure, we have the perfect Business Checking account for you.
Business Checking Options
| Commercial Checking | Commercial Now Checking 1 | Commercial Analysis Checking | |
|---|---|---|---|
| Earns Interest 2 | — |  | — |
| Monthly Maintenance Fee 3 | $10 | $10 | $10 |
| Minimum Balance Requirement to Waive Monthly Maintenance Fee | $1,000 4 | $1,500 4 | Earnings Credit is calculated based on checking account balances and used to offset fees. Balances required to offset fees vary depending on volume of transactions and services used each month. |
| Forbright Bank Debit Card | | | |
| Seven “Anywhere” ATM Withdrawals Per Month 5 | | | |
| Bill Pay with Online Banking | | | |
| E-Statements Available | | | |
| Cash Management Services Available 6 | | | |
1 Available only for sole proprietors and non-profit entities.
2 Interest is calculated daily and credited monthly.
3 Refer to Schedule of Fees for other charges that may apply.
4 Calculated based on daily balance method.
5 “Anywhere” ATM withdrawals are defined as withdrawals at Non-Forbright Bank ATMs. Non-Forbright Bank ATM Surcharges are rebated to customer account within one business day.
6 Cash management services are not required to open or maintain an account. Fees for additional services may apply. Contact TreasuryManagement@ForbrightBank.com for more information.
Business Money Market Options
| Commercial Money Market | Commercial ICS Money Market | Commercial Platinum Money Market | |
|---|---|---|---|
| Earns Interest 2 | | | |
| Monthly Maintenance Fee 3 | $10 | $10 | $10 |
| Minimum Balance Requirement to Waive Monthly Maintenance Fee 4 | $2,500 | $2,500 | $2,500 |
| Statement Cycle | Monthly | Monthly | Monthly |
| Seven “Anywhere” ATM Withdrawals Per Month 5 | | | |
| Online Banking | | | |
| E-Statements Available | | | |
| Cash Management Services Available 6 | | | |
| Mobile Banking with Mobile Deposit | | | |
| Required Balance Relationship Required to be Eligible for Account | N/A | $250,000 | $250,000 |
1 Available only for sole proprietors and non-profit entities.
2 Interest is calculated daily and credited monthly.
3 Refer to Schedule of Fees for other charges that may apply.
4 Calculated based on daily balance method.
5 “Anywhere” ATM withdrawals are defined as withdrawals at Non-Forbright Bank ATMs. Non-Forbright Bank ATM Surcharges are rebated to customer account within one business day.
6 Cash management services are not required to open or maintain an account. Fees for additional services may apply. Contact TreasuryManagement@ForbrightBank.com for more information.
Business Checking & Money Market Rates
Accurate as of December 1, 2023
| Interest Rate | APY* | Minimum Opening Balance | |
|---|---|---|---|
| Commercial Checking | – | – | $1,000 |
| Commercial NOW $0-$1,499 $1,500+ | 0.000% 0.100% | 0.00% 0.10% | $1,500 |
| Commercial Money Market $0-$2,499 $2,500-$9,999 $10,000-$24,999 $25,000-$49,999 $50,000-$99,999 $100,000+ | 0.000% 3.450% 3.450% 3.450% 3.450% 3.450% | 0.00% 3.50% 3.50% 3.50% 3.50% 3.50% | $2,500 |
| Commercial Platinum Money Market 1 | 4.176% | 4.25% | $2,500 |
| Commercial Statement Savings | 2.963% | 3.00% | $250 |
| Commercial Tiered Rate Savings $0-$9,999 $10,000-$99,999 $100,000-$249,999 $250,000+ | 3.450% 3.450% 3.450% 4.176% | 3.50% 3.50% 3.50% 4.25% | $500 |
| IOLTA | 4.176% | 4.25% | $0 |
| MAHT | 0.10% | 0.10% | $0 |
*Annual Percentage Yield
Rates and APYs are subject to change at any time. Fees assessed to account may reduce the earnings. The disclosed rates on variable accounts (i.e. Checking, NOW, Savings, and Money Market) may change after account opening.
1 Relationship balance of $250,000 is required to be eligible for this account.
Switching is Easy
Transfer your bank account to Forbright in a few simple steps.
Products
Business Savings & Certificates of Deposit
Savings accounts that offer yields and flexibility to help your business grow.
Services
Order Checks
Order checks from your personal banking accounts through our approved vendor and have them securely delivered to your business address.
Support
Frequently Asked Questions
Learn more about wire cutoff times, bank routing numbers, and reporting a lost or stolen card.