Checking Gets Down To Business

You’ve worked hard. Let your business checking account work smart. Merchants Bank of Alabama, a division of SouthPoint Bank, offers business checking accounts for proprietorships, partnerships and corporations that put your cash flow to work losing fees or gaining interest. Whether you work from home or from headquarters we have business checking that responds to your needs and builds on your success.

A Business Account That Keeps Your Profits In Check

Because the charge for our Business Checking Account is determined by a profitability analysis each month you keep more in the profit column. This analysis gives you earnings credit on your average positive usable balance (which is your monthly ledger balance minus uncollected funds and checking account reserve requirements). A service charge applies only when the fees for activity exceed the earnings on the balances maintained.

Additional services such as incoming and outgoing wire transfers, return items and balance inquiries can be included in the analysis so there is no direct charge for these services. Also, if you maintain offsetting balances, no service charge will be assessed.

Business Prime Money Account:  Build On Your Success

Earn competitive interest at tiered rates to grow your balance quickly.  Increase your earning potential without locking up your funds.  Enjoy enhanced access with direct check-writing ability and 6 free withdrawals per month.  

Simply maintain a minimum daily balance of $5000, or an average monthly balance of $10,000 to avoid service charges. If you do not maintain either of these balance requirements; you will receive a flat monthly maintenance charge of $10.00. Limit 6 withdrawals/ transactions per month.

Value Business Checking Account:  Put Out The Open Sign

Our Value Business Checking Account is perfect for business customers with low account activity. This user-friendly non-interest-bearing business account is available with a minimum opening of $100.

Simply maintain a minimum daily balance of $2000, or an average monthly balance of $5000 to avoid service charges. If you do not maintain either of these balance requirements; you will receive a flat monthly maintenance charge of $10.00. Additionally, you will receive 200 free transactions per month.  If 201 or more items are processed during the month, there is a $.25 per item charge.