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Business Accounts

Northern Bank & Trust Company offers a variety of business products to meet your needs. To obtain more information, or to open an account, just stop by one of our convenient locations.

NORTHERN BUSINESS EXPRESS CHECKING  

Better than Free Business Checking.

VISA check card
available?
YES!

Night depository
available?
YES!

Merchant service
available
YES!
  • Checking account for commercial customers
  • Minimum deposit of $10.00 to open account
  • No minimum balance required to maintain account
  • No monthly maintenance service charges
  • 200 checks paid and/or electronic funds transfers per statement period ($0.30 per check or electronic funds transfer over 200)
  • No charge for deposits or deposited items
  • $100.00 credit toward initial check order through bank's vendor
  • Free online banking (viewing and transfers)
  • Online Banking Bill Pay available - first 3 months free; $4.95 per month thereafter
  • Free telephone banking
  • Check images returned with monthly statement
  • Employee Work Advantage checking program available - Click here for more details.


NORTHERN BUSINESS ANALYSIS CHECKING  

Reduce costs with our competitive earnings allowance.

VISA check card
available?
YES!

Night depository
available?
YES!

Merchant service
available
YES!
  • Deposit account for businesses, organizations and professionals
  • Minimum deposit of $10.00 to open account
  • Monthly maintenance service charge of $10.00
  • Transaction Fees:
    Each check paid $.18
    Each deposit made $.80
    Each check on a deposit $.10
  • Competitive earnings allowance*.
  • Free online banking (viewing and transfers)
  • Online Banking Bill Pay available - first 3 months free; $4.95 per month thereafter
  • Free telephone banking
  • Check images returned with monthly statement
  • Employee Work Advantage checking program available - Click here for more details.


IOLTA N.O.W. Account  

For our Legal Professionals.
  • Attorney/Client Escrow Account
  • Minimum deposit of $10.00 to open account
  • No maintenance service charge
  • Unlimited transactions

All Business Checking accounts consist of a checking sub account and a savings sub account. The Bank may periodically transfer funds between these two sub accounts. If your Account is a Plan on which interest is paid, your interest calculation will remain the same. Otherwise, the savings sub account will be non interest bearing. The saving sub account will be governed by the rules governing our other savings accounts. This process will not affect your available balance, the interest you may earn, FDIC insurance protection, or your monthly statement.

* To obtain the earnings allowance rate please call 1-800-273-6908. Earnings allowance can be used to offset monthly maintenance and transaction fees. If earnings allowance exceeds the monthly charges, there will be no service charges. Excess earnings allowance per month cannot be applied to the account to offset future fees.

NORTHERN BUSINESS MONEY MARKET ACCOUNT Rates

A Great Way to Start Saving for your Business Needs.
  • Interest at competitive tiered rates
  • Minimum deposit of $25.00 to open account
  • No maintenance service charge with a minimum daily balance of $1,000.00.*
  • Check writing ability
  • Up to 6 automatic, preauthorized or telephone transfers permitted per statement period, not more than 3 of which can be effectuated by check, draft, debit card or similar order to third parties ($10.00 per excess transaction)
* ($10.00 maintenance service charge if balance requirement is not met any day of the statement period)


NORTHERN BUSINESS INVESTMENT SAVINGS ACCOUNT Rates

Relationship Savings for Business Customers.
  • Companion business savings product to Business Express checking and Business Analysis checking.
  • Interest at competitive tiered rates
  • Minimum balance of $25.00 to open account
  • No minimum balance required to maintain account
  • No maintenance service charge with a minimum daily balance of $5,000.00 or a Companion business checking account.*
* ($15.00 maintenance service charge if balance requirement is not met any day of the statement period or business checking account is not maintained.)


Kerri Pigott
Vice President
Retail Development