Essentials Plus Business Checking

Why choose an Essentials Plus Business Checking account?

Need to be in the know of your monthly maintenance fees? Lead Bank's Essentials Plus Business Checking account is ideal for clients who have more monthly transactions, want to understand their monthly maintenance fees, and may need to originate a small number of monthly ACH transactions.

Requirements:

• $750 minimum to open

• $45.00 monthly maintenance fee or maintain a $25,000 minimum daily balance to avoid monthly maintenance fee

• 300 free transactions*, $0.40 per transaction over 300

• Optionally available is ACH origination (initiate payroll to employees, disburse funds to or collect payments from vendors or business partners)

•    $20.00 per month for up to 4 separate ACH files within the month and up to 160 next-day settlement ACH debit or ACH credit transactions; additional fees would apply for the 5^th ACH file or 161+ transaction
*300 transactions includes checks written, ACH debits, debits paid, deposits, deposited items, and ACH credits.

What you need to open an Essentials Business Plus Checking account:

Corporation:

• Articles and Certificate of Incorporation

• Certificate of Good Standing

• Registration of Fictitious Name (if applicable)

• IRS issued EIN

• Bylaws

Sole Proprietorship:

• Registration of Fictitious Name (if applicable)

• IRS issued EIN (if applicable)

LLC:

• Articles and Certificate of Organization

• Certificate of Good Standing

• Operating agreement

• Registration of Fictitious Name (if applicable)

• IRS issued EIN

Non-profit:

• IRS 501(c) tax determination letter or other proof of tax-exempt status

• Proof of registration in the state

• Proof of authorization to open an account

• Bylaws

• IRS issued EIN