Business Checking Accounts
Jonah Bank specializes in oil and gas related accounts including royalty and production accounts. Our business checking account has been designed to offer you EVERYTHING you need for your business. All of our business checking accounts offer:
- Minimum Opening Deposit of $100
- No Minimum Daily Balance
- Free basic access to our Online and Mobile Banking Platforms
- Free eStatements
- Free Bill Pay
- Free Visa ® Business Debit Card
- Free access to over 32,000 ATM's nationwide with the Money Pass® Network
- Card Valet®
Overview
Minimum Opening Deposit Minimum Daily Balance Service Fee Interest Bearing Variable Earnings Credit Square Deal $100 $0 $5.00
* Square Deal Checking:
With this checking account, that is exactly what you get: a Square Deal. We have developed a checking account which applies the elements of other customary business checking accounts and bundles them into one, hassle-free account.
- Minimum Opening Deposit of $100
- No Minimum Daily Balance
- Free basic access to our Online and Mobile Banking Platforms
- Free eStatements
- Free Bill Pay
- Free Visa ® Business Debit Card
- Free access to over 32,000 ATM's nationwide with the Money Pass® network
- Card Valet®
- $5.00 per month service fee, includes first 100 items, additional items are $0.08 each
- Variable earnings credit applied to offset service fee (based off account balance)
- Additional cash management services (fees may apply)
Account Opening Checklist:
When you're ready to open your first account with Jonah Bank please make sure to bring the following documents with you, to ensure a smooth account opening:
- Company Articles of Organization/Incorporation
- Operating Agreement or Bylaws (if applicable)
- Corporate Resolution (if applicable)
- Tax ID Number (EIN)
- SS-4 or Tax Return
- SSN, Driver’s License, and DOB for all signers
- Beneficial ownership information
Beneficial Ownership Information
Effective May 11, 2018 , all banks will be subject to a new rule under the Bank Secrecy Act intended to assist the government and law enforcement in the ongoing fight against money laundering and the financing of terrorism. When an account is opened on behalf of a business, or covered legal entity such as a corporation, a limited liability company, a general or limited partnership, or a business trust, we will be required to ask you for certain identifying information of the "beneficial owners" of the business, regardless of whether or not the beneficial owners are owners or signers of the account.
What does this mean for you and your business? Each time an account is opened, whether it be a new deposit account or a new loan, the bank will be required to ask you for identifying information on account owners as well as identification documentation for the beneficial owners of the business. The rule defines a beneficial owner as:
- EACH individual that has 25% or more of the equity interest in the business; and
- ONE individual that has the authority to exercise control of the legal entity (such as a CEO, executive officer, or treasurer)
What type of identifying information will be requested? You will be required to provide the following documentation and to certify that this information is true and accurate to the best of your knowledge:
- Name
- Address
- Date of Birth
- Social Security Number
- Proof of Identity (for example, a copy of the individual's Driver's License or Passport)
For more information please contact Jonah Bank.
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Business Savings Accounts
Savings can be hard, that's why Jonah Bank is here to help you save for that next big event in your life. All of our savings accounts offer:
- Minimum Opening Deposit of $100
- Free basic access to our Online and Mobile Banking Platforms
- Free eStatements
- Mobile Deposit
- 24/7 Access to Your Accounts
Overview
Account Type Minimum Opening Deposit Min. Daily Balance Required Monthly Fee
(if minimum balance is not met)Transaction Limits Saddle Up Savings $100 $100 $2 6 withdrawals per statement cycle, additional incur a $2 fee Cowboy Up Money Market $100 $1,000 $10 6 withdrawals per statement cycle, additional incur a $5 fee Saddle Up Savings:
Our main savings account is perfect for those who wish to save while earning interest. The higher your balance, the more you earn.
- Minimum Daily Balance of $100
- Service Fee of $2 per Month if Minimum Daily Balance is Not Maintained
- An excessive debit fee of $2.00 will be charged for each item that exceeds six (6) per statement cycle.
- Interest Bearing (Rate Increases with Account Balance)
Cowboy Up Money Market:
The money market account is interest bearing and offers limited check writing to give you access to your funds.
- Minimum Opening Deposit of $100
- Service Fee of $10 per Month if the Minimum Balance is Not Maintained
- An excessive debit fee of $5.00 will be charged for each item that exceeds six (6) per statement cycle.
- Interest Bearing (Rate Increases With Account Balance)
Certificate of Deposit
Jonah Bank has always taken pride in providing competitive rates on CDs. We offer a variety of terms to fit your time-frame and financial goals. Our CD's offer the following:
- Interest Compounds Daily
- Interest Begins Accruing Day of Deposit
- Minimum Opening Deposit is $500
- FDIC Insured
Early withdrawal penalty:
- Terms 1 year or less = 2 months of interest on amount withdrawn
- Terms greater than 1 year = 4 months of interest on amount withdrawn
Terms Available:
- 3 months
- 6 months
- 9 months
- 12 months
- 18 months
- 2 Years
- 3 Years
- 4 Years
- 5 Years
For more information please contact Jonah Bank , and for a complete listing of our CD rates and terms please visit our Rates page.