Business Checking & Money Markets

In business, the fundamentals count.

Whether you are a start-up or an established business with hundreds of employees, you’ll find a checking solution that accommodates your needs and ambitions.

How do I know which account is right for my business?

  • Skyline Free Business Checking: If your business has fewer than 1,000 items per month, this is the perfect account for you. No minimum balance. No monthly service charge!
  • Business Premium Checking: If you have a sole proprietorship, or if you work with a not-for-profit organization, you can earn interest on your checking account. Simply maintain a minimum balance of $1,500 to earn a competitive interest rate on all balances and to avoid any fees.
  • Commercial Checking: If you own a high-volume business with complex banking services, this is the account you’ll want. Earnings credit* allowance on your balances can offset your activity fees.

Skyline Checks: order your business checks here.

Product

Minimum balance requirement

Minimum to open

Below minimum balance service charge

First 50 checks free

Skyline Free Business Checking
(small businesses)

None

$50

None

Yes

Business Premium Checking
(sole proprietors and not–for–profits)

$1,500

$50

$5

Yes

Commercial Checking
(high-volume businesses) 

None

$50

None

Yes

*Earnings credit is based on the average collected balance x .9 (100% - 10% reserve requirement) x the earnings credit rate (statement savings rate) x the days in the current month divided by 365.

Additional fees and terms apply. For more details, our Product and Service fee schedule is available upon request.

 

If you are looking for a money market account designed with your business in mind:

 

Business Money Market

If you want to earn interest on your business funds, a Skyline Business Money Market Account gives you the flexibility of writing checks and rewards you with tiered interest. The higher your balance, the more interest your business earns.

Product

Minimum balance requirement

Minimum to open

Below minimum balance service charge

First 50 checks free

Business Money Market Account**

$2,500

$50

$5

Yes

**Six free withdrawals per monthly statement cycle; $5 per each additional withdrawal. Federal regulations allow unlimited withdrawals and transfers at teller window, ATMs and by mail. Other withdrawals or transfers are limited to six during any monthly statement cycle. Fee applies to all debits regardless if transaction is allowable or unlimited under federal regulations.

Additional fees and terms apply. For more details, our Product and Service fee schedule is available upon request.

 

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