Bank of the James takes pride in building close partnerships, delivering outstanding service, and contributing to the success of each customer. Whether a sole proprietor, non-profit, or large corporation, we have the products, services, and expertise to help you manage your business finances more efficiently. The minimum to open any business checking account is $100.
We understand you’d rather spend more time running your business than managing your finances, so we offer a wide range of electronic banking services with all of our business accounts that will help maximize your business’ efficiency and cash flow.
Best For: For small businesses or non-profit organizations with limited activity
Monthly Fees: Maintain an average daily collected balance of $100 per statement cycle to avoid a service fee
Checks: There is no per item fee up to and including 15 check items ( A fee will be charged on items that exceed the limit)
Best For: For small businesses with moderate activity
Monthly Fees: No monthly service fee by maintaining an average daily collected balance of $500, or combined average daily balances of $25,000 in all deposit accounts linked by the same ownership
Checks: Unlimited check writing
Other: Deposit up to 150 non-Bank of the James items per month (A fee will be charged on any item over that limit)
Best For: Interest-bearing account for businesses with moderate activity
Monthly Fees: No monthly service fee by maintaining an average daily collected balance of $500, or combined average daily balances of $25,000 in all deposit accounts linked by the same ownership
Checks: Unlimited check writing
Other: Deposit up to 150 non-Bank of the James items per month (A fee will be charged on any item over that limit)
Best For: For larger businesses with more complex banking needs, we offer an “analyzed” account to offset fees with earnings credits based on account balances
Monthly Fees: Monthly service fee can be offset by earnings credit; no average daily balance requirement