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Business Banking

We offer a variety of business accounts to accommodate small and large corporate business needs. In addition to the business accounts listed below, we offer 24-hour Online Banking with check imaging access, Business Bill Payment and other services such as Cash Management and Remote Deposit. Though government regulation prohibits paying interest on a business checking account, some Sole Proprietorships and Not for Profit Organizations may be eligible for some interest bearing NOW accounts. Contact one of our client service representatives for more information.

Business Analysis Checking

This account allows for unlimited checks/debits and deposits. $100 minimum balance to open the account. Monthly fees will be determined based upon the monthly service charge and transaction fees outlined in the account disclosure.

Small Business Checking

A great starter account for a new company or a business with minimal transaction needs. A minimum daily balance of $1,000 must be maintained to avoid a $8.00 monthly service charge. Eighty (80) check/debit items may clear each monthly statement cycle at no charge. Debit items over Eighty (80) will be charged $.18 each. Credit items over Eighty (80) will be charged $.22 each. Posted deposited items will be charged $.20 each. Deposits are unlimited at no charge. (Some foreign checks deposited may need to be sent for collection of funds. A collection fee of $25 would apply.)

Business NOW <.5%

This account is for eligible Sole Proprietorships and Not for Profit Organizations. This NOW account pays an interest rate of .50% or less on tiered balances. Contact one of our client service representatives for more information.

Business Market Index

This business product pays premium interest rates based on tiered balances and provides limited access by checks/debits. Automated transfers/debits on the money market are limited by Federal Regulation to Six (6) per month. Maintain a daily balance of $10,000 to avoid a monthly service charge of $10.00. Contact one of our client service representatives for current interest rates.

Business Savings Account

The business savings account is on a quarterly statement cycle and you must maintain a minimum daily balance of $100 each day of the quarter to avoid a $9.00 service charge. Federal Regulation allows only Six (6) automated transfers or debit transactions from this account per any 4 week period. Unlimited transactions are allowed if conducted in person at the bank.

Certificates of Deposit

Earn higher interest rates in a safe and solid account. Elkhart Community Bank has a variety of rates and terms available for you. Select a term tailored to your investment needs.

Chex Systems and a Credit Bureau Report will be used to verify eligibility to open an account. The USA PATRIOT Act also requires account applicants/signers to provide valid picture identification with current information.

*Certain Foreign items may have higher deposit fees or may be sent for collection through a correspondent bank. Contact Client Service Representative for details.

** Minimum balances, charges and rates subject to change without notice.