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Business Checking Accounts

Compare Business Checking Accounts

Account TypeBusiness CheckingBusiness Interest CheckingIOLTA/MAHTMoney MarketSmall Business Checking

Account Type


Opening Deposit

Business Checking


$500.00

Business Interest Checking


$5,000.00

IOLTA/MAHT


$100.00

Money Market


$2,500.00

Small Business Checking


$1,000.00

Account Type


Minimum Balance

Business Checking


$3,000.00

Business Interest Checking


$5,000.00

IOLTA/MAHT


$100.00

Money Market


$100.00

Small Business Checking


$1,000.00

Account Type


Monthly Maintenance Fee

Business Checking


$15.00
Fee is $0 providing the minimum balance requirement is maintained.

Business Interest Checking


$15.00
Fee is $0 providing the minimum balance requirement is maintained.

IOLTA/MAHT


$0

Money Market


$0

Small Business Checking


$10.00
Fee is $0 providing the minimum balance requirement is maintained.

Account Type


Interest Bearing*

Business Checking


No

Business Interest Checking


Yes

IOLTA/MAHT


Yes

Money Market


Yes

Small Business Checking


No

Account Type


Transaction Limits

Business Checking


50 free transactions per statement cycle.
Over 50 transactions - an excess item fee of $0.25 per item is applied.

Business Interest Checking


No

IOLTA/MAHT


No

Money Market


Small Business Checking


No

Account Type


Features

Business Checking


  • Free Online Banking
  • Free Bill Pay
  • Debit Card
  • Free Internal Transfers Between Accounts
  • Overdraft Protection Available

Business Interest Checking


  • Free Online Banking
  • Free Bill Pay
  • Debit Card
  • Free Internal Transfers Between Accounts
  • Overdraft Protection Available

IOLTA/MAHT


  • Free Online Banking
  • Free Bill Pay
  • Debit Card
  • Free Internal Transfers Between Accounts
  • Overdraft Protection Available

Money Market


  • Free Online Banking
  • Free Bill Pay
  • Debit Card
  • Free Internal Transfers Between Accounts
  • Overdraft Protection Available

Small Business Checking


  • Free Online Banking
  • Free Bill Pay
  • Debit Card
  • Free Internal Transfers Between Accounts
  • Overdraft Protection Available

*Interest rates set by BayVanguard Bank are subject to change. Interest is calculated daily and credited monthly.

All accounts subject to qualification requirements and must agree to Terms and Conditions.

Business Checking

A minimum deposit of $500.00 required to open.

  • Average daily balance of $3,000.00 required to avoid $15.00 monthly maintenance fee
  • Free internet banking
  • Free Business Bill Pay
  • 50 free transactions per statement cycle (includes ACH debits, ACH credits, deposits and checks paid)
  • Over 50 transactions per statement – an excess item fee of $.25 is applied per transaction
  • Overdraft protection available

Business Interest Checking

A minimum deposit of $5,000.00 required to open.

  • Average daily balance of $5,000.00 required to avoid $15.00 monthly maintenance fee
  • $5,000.00 minimum balance required to earn interest
  • Interest is compounded daily and credited monthly
  • Free internet banking
  • Free Business Bill Pay
  • Overdraft protection available

IOLTA/MAHT

A minimum deposit of $100.00 required to open.

  • Minimum balance to earn interest $100.00
  • Interest is compounded daily and credited monthly
  • Free internet banking
  • Free Business Bill Pay
  • Variable interest rate

Money Market

A minimum deposit of $2,500.00 is required to open. The interest rate to be paid on your account will depend on the average daily balance in your account. The separate “tiers” that have varying interest rates that apply are:

  • Average daily balance less than $100.00, no interest will be paid
  • Average daily balance $100.00 or more but less than $2,500.00
  • Average daily balance $2,500.00 or more but less than $10,000.00
  • Average daily balance $10,000.00 or more but less than $25,000.00
  • Average daily balance $25,000.00 or more but less than $50,000.00
  • Average daily balance $50,000.00 or more

Interest is compounded daily and credited monthly
An image of your cancelled checks is returned to you with your statement.

  • Variable Interest Rate

Small Business Checking

A minimum deposit of $1,000.00 is required to open.

  • Average daily available balance of $1,000.00 required to avoid the $10.00 monthly maintenance fee
  • Free internet banking
  • Free Business Bill Pay
  • Overdraft protection available

Contact Us

Email:
support@bayvanguard.com *Please DO NOT send personal/confidential information via email.  Non-public personal and account information such as Account Numbers, Passwords, PINs, and Social Security Numbers should not be sent through email.
Phone:
410-477-5000 Toll-Free: 1-844-301-1880
Fax:
410-477-1020
Address:
7114 North Point Road Baltimore, MD  21219
Telephone Banking:
1-855-757-8314

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