Preferred Bank's Regular Business Checking is a non interest-bearing checking account available to small business customers for their banking needs. By keeping the minimum balance, your monthly and per item service fees are waived each month.
Preferred Bank's Business Money Market account is available to businesses that want to earn a rate of interest, yet still keep their funds liquid. The account offers a tiered interest rate that allows you to earn higher interest rates for larger balances. The monthly service charges can be waived by keeping the minimum balance. A total of six (6) third party withdrawals/debits can be made each month, a transaction fee of $10 per withdrawal/debit in excess of the maximum will be charged.
Preferred Bank's Analyzed Business Checking Account is designed for larger businesses that want the flexibility to offset their monthly account charges by keeping compensating balances in their account. The account earns credits based on the collected balance to offset some or all of the account's activity charges. Each activity item on the account is itemized on the monthly analysis statement for your reference.
Preferred Bank offers a Treasury Management Services. For more information about these products and services, or about the Business Analyzed Checking Account, please contact your account officer, relationship manager, or local branch office. Additional details and pricing are available upon request.
Preferred Bank offers interest-bearing accounts with interest for your business. All accounts are insured by the Federal Deposit Insurance Corporation (FDIC). You may use the FDIC's Insurance Estimator (EDIE) to tell you how your Preferred Bank accounts are federally insured.