FDIC Badge

ATTENTION: New Federal Law for Business Owners
Effective January 1, 2024, unless exempt, many companies are required to
report information
about the individuals who ultimately own or control them to
Financial Crimes Enforcement Network (FinCEN),
a bureau of the U.S. Department of Treasury.

Click here for more information.
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Business Checking

We offer different checking accounts for your business needs. We also provide online account access with bill pay and integration with Quicken®, or Quickbooks®. Our professionals are always willing to assist you, providing you simplicity with ease of use and peace of mind.

Basic Business Checking:
Basic Business Checking Details

Basic Business Checking is popular among small businesses looking for a straightforward checking account. It is designed for businesses with a low volume of activity.

  • No monthly service charge
  • No minimum balance requirement
  • 200 items (deposits credited, deposited items, paid items) no charge, then $.25 each additional item. No charge for ACH credits
  • Free OnLine AnyTime Internet Banking and Bill Pay, including Pay a Person
Commercial Checking:
More Details

Designed for businesses with high volume account activity.

  • Monthly Service Charge $15*
  • $.10 per deposited item charge
  • $.15 per debit item charge
  • No per deposit charge
  • No charge for ACH credits

*An Earnings Credit is used to offset some or all of the costs for services used during each statement period. Earnings Credit is calculated using prior month average 13 week Treasury Bill rate applied to the monthly average collected balance less reserve requirements.

Non-Profit Checking:

We support community service by offering a special checking account for tax-exempt 501(c)(3) non-profit organizations.  There is no balance requirement and no monthly service charge.  For other non-profit organizations, a low monthly service charge of $5 can be avoided by maintaining a minimum daily balance of $1,000 or an average monthly balance of $2,500.

David Lowden
Business Checking:
Business Checking Details

Business Checking is designed to meet the needs of businesses with moderate checking activity.
Monthly service charge of $20 can be avoided with a minimum daily balance of $10,000.

  • 500 items (deposits credited, deposited items, paid items) no charge, then $.25 each additional item. No charge for ACH credits
  • Free OnLine AnyTime Internet Banking and Bill Pay, including Pay a Person
Business with Interest:
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Sole proprietors, non-profit organizations and government entities can earn interest on their funds while enjoying check writing privileges all with one account.

Monthly service charge of $15 can be avoided with a minimum daily balance of $5,000.

  • 200 items (deposits credited, deposited items, paid items) no charge, then $ .25 each additional item. No charge for ACH credits
  • Free OnLine AnyTime Internet Banking and Bill Pay, including Pay a Person
Royal Condo Checking:

For our condominium relationships, earn interest on your cash assets and still retain quick, easy access to your funds by check or transfer. Monthly service charge of $10 can be avoided with a minimum daily balance of $10,000.

Business Money Market:
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Earn attractive interest rates on your cash assets and still retain quick, easy access to your funds by check or transfer. This account is a valuable companion to your Basic Business Checking account.

Monthly service charge of $10 can be avoided with a minimum daily balance of $2,500.

 

Business Money Market Investment:
More Details

For higher balance relationships, earn attractive interest rates on your cash assets and still retain quick, easy access to your funds by check or transfer. This account is a valuable companion to your Commercial Checking account.

Monthly service charge of $10 can be avoided with a minimum daily balance of $10,000.

Business Savings Account:
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Business Savings is a good business practice.
Monthly service charge of $10 can be avoided with a minimum daily balance of $1,000.

Business Certificate of Deposit:
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Let your excess funds or retirement dollars work for you in a Certificate of Deposit (CD). We offer a variety of CD terms from three (3) months to five (5) years with a minimum deposit of $1000. Interest is compounded daily. Penalties may apply for early withdrawal.

Business Loans

An ever changing economy can mean changes for your business. Let our relationship-focused business lenders work hard to help you realize your goals. We’re committed to providing the financial resources necessary to help your business succeed.

Learn More

Mobile Banking

To bank anywhere and everywhere download the appropriate free mobile app for your device and log in with your OnLine AnyTime User ID and password. If you’re not an OnLine AnyTime banking user, please visit one of our conveniently located offices to enroll.

  • Check balances
  • Pay bills
  • Pay a Person
  • Transfer money between accounts
  • Certain Restrictions Apply

 

Mobile Banking – Frequently Asked Questions

OnLine AnyTime Banking at Your Convenience

Enjoy easy online access to your accounts with OnLine AnyTime. Your accounts are easier to manage than ever. Whether you are checking a balance, transferring to savings or setting up a series of payments, our OnLine AnyTime has you covered.

  • Get real-time account information
  • View check images online
  • Transfer funds between linked accounts
  • Pay bills
  • Pay a Person
  • View statements
  • Stop payments on checks
  • Download account activity directly to Quicken® and Quickbooks™

Bill Pay

Make payments anytime, anywhere!  Simplify your life with Bill Pay…an easy, safe way to make your payments.  Avoid the hassle of writing checks. Guard against identify theft from lost or stolen checks and bills. Just choose the date of the payment and the amount to pay from your Bank of the Islands checking account.  It’s a fast and easy way to make a payment!

Business Bill Pay Demo