Business Deposit Products

Business Checking

Colombo Bank makes it easy to choose a checking account that is right for you. From full service checking accounts with low balance requirements to interest earning NOW accounts, Colombo Bank has the checking product to satisfy your banking needs. Enjoy all the conveniences of a large institution with the personal touch only a community bank can provide.

FEATURESFOCUS FREE BUSINESS CHECKINGSMALL BUSINESS CHECKINGBUSINESS CHECKINGNOW INTEREST CHECKING
Description An account not subject to minimum balance requirements or monthly maintenance fees. Ideal for companies with less transactions and lower balances. An analysis account for companies with greater banking needs.Utilizes an earnings credit based on the account balance to offset fees. An interest earning checking account for sole-proprietors and non-profits.
Earns Interest N/A N/A N/A Yes
Minimum Opening Deposit $100 $250 $250 $500
Monthly Maintenance Fee N/A $15 $15 $12
Daily Account Balance Requirement to Avoid Monthly Maintenance Fee N/A $2,000 Maintenance fee is offset by account earnings credit $1,500
Per Item Privileges First 100 items per statement period are included. Additional items are $0.25/each First 200 items per statement period are included. Additional items are $0.25/each Per item fees apply for debit and credit items and are offset by account earnings credit. Fee of $0.20 per debit item, is waived when minimum daily balance requirement is met.
Free MasterCard Debit Card Yes Yes Yes Yes
Access to 55,000 Allpoint No-Fee ATMs Yes Yes Yes Yes
Free Online Banking with Bill Payment Yes Yes Yes Yes
Free Online eStatements Yes Yes Yes Yes
Free Check Images with Statements. Yes Yes Yes Yes
Free 24 hour Telephone Banking Yes Yes Yes Yes

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Business Savings

Colombo Bank is here to help you meet your business savings goals with savings and money market accounts. Keep flexible access to your money while earning a competitive interest rate.

FEATURESCOMMERCIAL SAVINGSCOMMERCIAL MONEY MARKET
Description Commercial Savings gives your business safe and secure earnings with the flexibility of fast access to funds. A perfect complement to your business checking account. Adding limited check writing privileges to a tiered interest rate, Money Market account provides flexible access to your money.
Earns Interest Yes Yes
Minimum Opening Deposit $50 $2,000
Monthly Maintenance Fee $5 $15
Daily Account Balance Requirement to Avoid Monthly Maintenance Fee $300 $2,000
Free ATM Card or MasterCard Debit Card Yes
(ATM Card)
Yes
(Debit Card)
Access to 55,000 Allpoint No-Fee ATMs Yes Yes
Free Online Banking Yes Yes
Free Online eStatements Yes Yes
Free 24 hour Telephone Banking Yes Yes

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