Simple, convenient and low-cost
Business Essential Checking
Looking for a basic business checking account for your small business? Look no further than business essential checking from Mountain America.
What is a business essential checking account?
Business essential checking is the perfect account for small or medium-sized businesses. It equips you to conveniently manage your company's finances, 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 business essential checking account today
Mountain America is here to help your business succeed, whether in Utah, Idaho, Arizona, Nevada, Montana or beyond. To meet with an experienced business advisor, schedule an appointment online, call 1‑888‑845‑1850 or visit your nearest Mountain America branch.
Schedule appointmentBusiness 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
What items are required to open a business essential checking account?
Please bring the following items to open your 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 LLCs, articles of incorporation for corporations (including nonprofit corporations), and a partnership agreement for general and limited partnerships.
Business credit cards
Choose between our Business Low Rate and Business Rewards credit cards.
Business sweep accounts
Automatically move excess funds from your business checking into a dividend-bearing account.
- If combined monthly items deposited and cleared exceed 300 or aggregate monthly cash/coin exceeds $10,000 per month for two consecutive months, the account will be converted to a business growth checking account.
- No charge for the first 10 bills per month, 60¢ per bill above 10.
