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Business Checking Account Comparison


BUSINESS CHECKING ACCOUNT COMPARISON
Business Checking Accounts: Ideal for:
Minimum Opening Deposit:
Monthly Service Fee:
Smart Business Checking Your basic business checking needs $100 No Monthly Service Fee with any ONE of the following:
  • Business Online Banking AND eStatements (online statement)

Monthly Service Fee when above criteria is not met: $10

Preferred Business Checking Businesses with a need for more account features $100 No Monthly Service Fee with any ONE of the following:
  • $5,000 minimum daily balance in your Preferred Business Checking account OR
  • $15,000 in combined deposit balances1 and outstanding loan balances in Mechanics Bank accounts

Monthly Service Fee:
A $15 monthly service fee if none of the above criteria is met

Business Interest Checking Small to mid-sized businesses looking to earn interest on their balances $100 No Monthly Service Fee with any ONE of the following:
  • $10,000 minimum daily balance in your Business Interest Checking account OR
  • $30,000 in combined deposit balances1 and outstanding loan balances in Mechanics Bank accounts

Monthly Service Fee:
A $20 monthly service fee if none of the above criteria is met

Merchant Checking Small to midsize businesses $100 No Monthly Service Fee with any ONE of the following:
  • $10,000 minimum daily balance in your Merchant Checking account OR
  • $30,000 in combined deposit balances1 and outstanding loan balances in Mechanics Bank accounts

Monthly Service Fee:
A $30 monthly service fee if none of the above criteria is met

Merchant Checking Plus Small to midsize businesses with greater cash handling activities $100 No Monthly Service Fee with any ONE of the following:
  • $10,000 minimum daily balance in your Merchant Checking account OR
  • $30,000 in combined deposit balances1 and outstanding loan balances in Mechanics Bank accounts

Monthly Service Fee:
A $30 monthly service fee if none of the above criteria is met

Community Partner Checking Nonprofit Organizations $100 No Monthly Service Fee: (requires proof of nonprofit status at time of account opening)
Premium Analyzed Checking Plus Larger businesses $100 Monthly Service Fee:
$20 plus activity charges in excess of earnings credit

Some or all of the fees and service charges can be offset by earnings credits received on qualified accounts with Mechanics Bank. Various activity and service fees apply based on volume and services provided. Talk you your banker for more information based on your specific business needs.

Analyzed checking account balances will NOT be counted in “Combined Balances” as defined in the Business Products Schedule of Fees and Charges, for purposes of waiving service fees for other deposit accounts.

All Premium Analyzed Checking accounts are eligible for cash management services.


When a business checking account does not meet specific account requirements or experiences excessive transaction or cash handling activity or routine uncollected funds, the Bank may decide to convert that account to a more appropriate account type. For Smart Business Checking and Community Partner Checking, excessive transactions or cash handling activity is defined as 1.) more than 100 combined items per month (combined items include deposits processed, items deposited and checks paid) or 2.) more than $2,500 in coin and/or currency are deposited or furnished per month. If the Bank does decide to convert your account, you will be notified in advance and provided information regarding the benefits associated with your new account type.


1 Combined balances shall be defined as follows: when used for monthly service fee purposes, “combined balance” means the average monthly balance of the primary checking account, together with the combined current balances (determined on the statement date of the primary checking account) in all other business deposit and loan accounts with the exception of analyzed accounts.”