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Business Checking Accounts

A smart company uses business checking to manage their banking.Business checking accounts provide businesses with helpful, cost-effective financial solutions.

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 would 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.

The following products and services are available with each of our business checking accounts:

  • Free Online Banking with Bill Pay
  • ATM & VISA Debit/Check Card
  • Your choice of Paper or e-Statements
  • Telephone Banking
  • Overdraft Protection Available

The following comparison chart outlines our business checking account features.

Note that normal account rules and regulations apply and the following is not intended to offer a complete description of the accounts.

Business Economy Checking

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)

Business Advantage Checking

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 and loan balances 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)

Business Interest Checking

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 and loan balances 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)

Business Checking Analysis

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

Please note that Bank of the James is not engaged in rendering of tax, investment or legal advice. All accounts are subject to credit approval. Service charges and fees could reduce earnings. For complete details on our checking accounts and related products and services, please contact one of our branch locations.

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