Business Checking

1st State Bank offers deposit services for businesses of all sizes, in all stages of growth, start-up through established. Our Business checking is especially designed to serve the needs of most businesses. It’s simple, straightforward and efficient. Having your checking account with 1st State Bank will help you manage your finances and provide you with an introduction to our bank and the many other helpful services we can offer you. Stop in or call and let’s get our relationship started today!


Business Accounts
 Business BasicBusiness Plus CheckingBusiness Sweep Checking IOLTA
Interest on Lawyers Trust Account
This account is for you… Basic operating account for companies with moderate to high banking activity.

Business customer with moderate activity and balances, that would like to earn interest.

For companies with high balance, high transaction volumes and would like to earn interest on excess funds.

Attorney needing a trust account recognized by the Michigan State Bar Association that will simplify your bookkeeping.
Usage Guidelines
(Transactions and minimum balance requirement.)

No monthly activity charge. No minimum balance requirement. Unlimited items allowed.

No minimum balance requirement. 250 items allowed. Excess fees $0.25 per item over 250.

$0.15 debits*
$0.15 credits
$0.10 deposited checks

No Minimum Balance Required
Unlimited items.
Monthly Maintenance Charge N/A N/A $8* N/A
Earnings Credit N/A N/A Earning’s Credit Rate is calculated on the average collected balance, minus a 10% reserve to offset fees. N/A
Interest N/A Tiered** Daily sweep to interest bearing account Tiered**
All interest earned is sent to the MSBA’s IOLTA Fund.
Debit card YES YES YES N/A
Online Banking YES YES YES YES
Check Images YES YES YES YES
 eStatements  YES YES  YES  YES 

*An earnings credit is applied to the account which helps reduce and may even eliminate the monthly account fees. Contact a deposit specialist for more details. The determination to place the account on the analysis program is discretionary and solely that of the Bank. The decision is based on account activity levels and service provided.

**Interest rates depend on the account balance. Please contact your 1st State Bank office for current rate information.

For more information, visit any of our Banking Offices or please Contact Us.