Business Checking Accounts

Learn all about our business checking accounts to choose the best mix of financial features for your business needs.

JBT Free Business Checking

Manage business funds with total value built right into your checking account.


Differentiating Features (Standard Features)

  • No dollar limit on coin and currency deposits
  • No minimum balance requirements
  • Does not earn interest
  • No monthly service charge

JBT Preferred Business Checking

Manage business funds while adding interest-earning power to your checking account.


Differentiating Features (Standard Features)

  • No dollar limit on coin and currency deposits
  • $5,000 minimum balance to avoid a monthly service fee
  • Competitive interest rate

Compare Business Checking Accounts

Account Min. Bal. to Avoid Fee Min. Bal. to Open Account Min. Bal. to Earn Interest/Tiers Annual Percentage Yield Requirements
JBT Free Business Checking None $50 None None None
JBT Preferred Business Checking $5,000 to avoid monthly service fee $50 All Balances 0.15%1 None

JBT Free Business Checking

Min. Bal. to Avoid Fee
None
Min. Bal. to Open Account
$50
Min. Bal. to Earn Interest/Tiers
None
Annual Percentage Yield
None
Requirements
None

JBT Preferred Business Checking

Min. Bal. to Avoid Fee
$5,000 to avoid monthly service fee
Min. Bal. to Open Account
$50
Min. Bal. to Earn Interest/Tiers
All Balances
Annual Percentage Yield
0.15%1
Requirements
None

Every JBT Business Checking Account Includes

  • FREE eStatements
  • FREE Thank You Gift5
  • Buy Back of your unused checks and debit cards from another financial institution6

To assist in opening your new account, JBT may request the following:

Sole Proprietor/DBA

  • SSN of Owner/TIN of Sole Proprietorship
  • Fictitious Name Filing (if applicable)

Partnership

  • TIN of Partnership
  • Partnership Agreement


Limited Liability Company (LLC)

  • TIN of LLC/SSN of Sole Member
  • Operating Agreement


Corporation

  • TIN of Corporation
  • Acceptable Form of Primary Business Identification
  • Bylaws OR Resolution of Governing Rules
  • Meeting Minutes (if applicable)


Organization or Association

  • TIN of Organization
  • Acceptable Form of Primary Business Identification
  • Bylaws OR Meeting Minutes

 

Valid government ID of partners, members, officers, and signers may also be requested.

The following information is needed for Beneficial Owners. Beneficial Owners are individuals who directly or indirectly own 25% or more of the legal entity and/or the individual who has significant responsibility for managing the legal entity:

  • Name
  • Physical Address
  • Social Security Number
  • Valid Government Issued ID

Other fees such as non-sufficient funds, overdraft, etc. may apply. See fee schedule for details. Minimum opening deposit of $50.

1Variable Rate Account – The interest rate may vary. At our discretion, we may change the interest rate on the account at any time after the account is opened. Fees may reduce earnings. Account requires a minimum balance of $5,000.00 in the account each day to avoid a monthly service charge. Rates accurate as of 05/01/24. Subject to change without notice.

2Transaction items include all debits and credits. May be converted to another checking product if items exceed 1,000 per month.

3Debit card is issued by Jonestown Bank & Trust Co. pursuant to a license from Visa USA Inc. Visa is a registered trademark of Visa International Service Association and used under license. No JBT fees, other bank fees may apply.

4Third party charges for data and messaging may apply.

5Offer applies to new consumer or business checking accounts only. Free gift may be reported on a 1099-INT or 1099-MISC. Free gift will be provided at account opening for accounts opened in person. Qualifying approved accounts established online or by phone will receive a $10 eGift Card in their email inbox within 10 days of account opening. JBT reserves the right to substitute a gift of similar value..

6Buy Back offer applies to new consumer and business checking accounts. Credit will be applied to your new checking account at the time unused checks and debit cards are turned in to a JBT employee. The amount of the credit is based on the number and type of items turned in.