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Free Business Checking
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Ideal for businesses with <200 transactions.
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$100
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N/A
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N/A
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200 free transactions per statement cycle.
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Additional items are $0.50 each.
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Small businesses can enjoy all of the benefits of a Franklin Savings Bank Business Checking Account without the minimum balances and fees! This account provides the convenience of a full-service transaction account with added services, at no extra cost.
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- No monthly maintenance fee
- $100 minimum deposit to open account
- No minimum balance requirement
- 200 free transactions (checks written and items deposited) per statement cycle; additional items are just $.50 each
- Visa® Business Debit Card for each authorized user
- Business Online Banking
- e-Statements
- Linked Account Transfers
- An annual FSB on CD is free to businesses enrolled in Online Banking Executive Cash Management
- Account holders are qualified to enroll in Identity Theft Resolution Services (Annual charge may apply)
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Business Advantage Checking
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Ideal for businesses with <300 transactions.
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$500
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$10,000; $5,000 with an FSB business loan balance of $10,000 or more*
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$20
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300 free transactions per statement cycle.
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Additional fees of $0.15 per check paid and $0.50 per deposit will apply for each check paid after 250 and each deposit after 50
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The Business Advantage Checking Account is designed especially for business customers and professional associations with moderate account activity. In addition to minimizing monthly checking maintenance fees, it offers flexibility and additional product savings.
*If average monthly balance falls below the required relationship amounts, the monthly maintenance fee of $20.00 will apply.
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- No monthly maintenance fee with an average monthly balance of $10,000 or more in any combination of Franklin Savings Bank deposit accounts — both business and personal accounts — including:
- Personal or Business Checking
- Savings
- Money Market Accounts
- Certificates of Deposit
- Individual Retirement Accounts
- $500 minimum deposit to open account
- Minimum balance requirement is reduced to $5,000 with a Franklin Savings Bank business loan balance of $10,000 or more.*
- 300 free transactions per statement cycle including 250 checks paid and 50 deposits. (If transaction limits are exceeded, then regular business checking account fees of $ 0.15 per check paid and $ 0.50 per deposit will apply for each check paid after 250 and each deposit after 50.)
- 10% discount on standard prices for checks and related supplies.
- Visa® Business Debit Card for each authorized user
- Business Online Banking
- e-Statements
- Linked Account Transfers
- An annual FSB on CD is free to businesses enrolled in Online Banking Executive Cash Management
- Identity Theft Resolution Services are provided for FREE to business principals and members of their households. Service provided by CyberScout.
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Business Checking
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Ideal for businesses with larger balances and transaction activity
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$100
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Earnings credit based on average collected balance.
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$5
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N/A
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$0.50 per deposit made; $0.10 per item deposited; $0.15 per check paid.
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If you have larger balances and transaction activity, then Business Checking is the right choice for your business. This account has extremely competitive rates and terms, with the added quality service and support that FSB is known for. An earnings credit, based on your average collected balance, offsets monthly fees. The earnings credit is calculated and is set to be effective the first day of each calendar month.
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- $0.50 per deposit made
- $0.10 per item deposited
- $0.15 per check paid
- $5.00 monthly maintenance charge
- $100 minimum deposit to open account
- Earnings credit used to offset account activity charges
- Visa® Business Debit Card for each authorized user
- Business Online Banking
- e-Statements
- Linked Account Transfers
- An annual FSB on CD is free to businesses enrolled in Online Banking Executive Cash Management
- Account holders are qualified to enroll in Identity Theft Resolution Services (Annual charge may apply)
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Sole Proprietor & Organization Checking
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Sole Proprietors and Organizations
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$50
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$500 during the statement cycle.
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$7
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First 25 checks during the statement cycle.
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$0.15 per check paid will apply.
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Franklin Savings Bank has specifically designed this account—also known as Choice Checking for Businesses—to provide our small business owners an opportunity to operate a business checking account with very reasonable rates and terms.
*If average monthly balance falls below the required relationship amounts, the monthly maintenance fee of $7.00 will apply
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- Interest earned on full daily balances of $500 or more
- No service charge if balance stays above $500*
- First 25 checks paid during the statement cycle are at no charge; each additional check is assessed a $.15 charge
- $50 minimum deposit to open account
- Visa® Business Debit Card for each authorized user
- Business Online Banking
- e-Statements
- Linked Account Transfers
- An annual FSB on CD is free to businesses enrolled in Online Banking Executive Cash Management
- Account holders are qualified to enroll in Identity Theft Resolution Services (Annual charge may apply)
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The FSB Non-Profit Checking—also known as no cost checking for organizations—is designed especially with non-profit organizations in mind. With no monthly service charges or minimum balance requirements, organizations can customize this account to their needs.
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- No minimum balance requirement
- No monthly maintenance charge
- $50 minimum deposit to open account
- Visa® Business Debit Card for each authorized user
- Business Online Banking
- e-Statements
- Linked Account Transfers
- An annual FSB on CD is free to businesses enrolled in Online Banking Executive Cash Management
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