Simple, convenient, low-cost small business checking account
Business Essential Checking
What is a Business Essential Checking account?
Business Essential Checking is the perfect account for small or medium-sized business. This small business checking account helps your business become better equipped to handle business activity and growth, specifically if your business has less than 300 checks written and deposited and less than $10,000 per month in cash transactions.
Benefits of Business Essential Checking
- The $5 monthly maintenance charge is waived when you sign up for eStatements
- No charge for checks deposited and cleared¹
- No charge for cash and coin handling¹
- Free online business banking
- Free online bill pay²
Open a small business checking account today
Mountain America is here to help your business succeed, whether in Utah, Idaho, Arizona, Nevada, New Mexico, Montana or beyond. Meet with a business advisor today. Schedule an appointment online, call 1‑888‑845‑1850 or visit your nearest Mountain America branch.
Required items to open an account
- Company EIN
- State registration
- Beneficial Owner info for all 25% or greater owners
- Personal ID and SSN
- Minimum opening deposit of $1 for savings and $100 for checking
- For all entities other than Sole Proprietors organizational documents are required. This may be satisfied with a printout from the state website listing the business principals. Otherwise we accept Articles of Organization for LLC’s, Articles of Incorporation for Corporations (including non-profit corporations), and a Partnership Agreement for General and Limited Partnerships
Business Essential Checking FAQs
What is a small business checking account?
A small business checking account is similar to a personal checking account, but is specifically made to help businesses better manage their activity and growth. A small business checking account helps simplify taxes, promotes credibility and offers protection against personal liability.
Can I use a personal bank account for my small business?
If your small business is a separate legal entity, you are required to separate your business and personal funds and open a business account.
What kind of bank account do I need for a small business?
Typical bank accounts for a small business include:
- Checking account
- Savings account
- Merchant services account
- Credit card account
Business Visa® Credit Cards
Business Sweep Accounts
2. No charge for the first ten bills per month, 60¢ per bill above ten.
