Business Checking Accounts

Oak Bank is as interested in the success of your business as you are! We offer full business checking account services to small to large businesses in the Fitchburg, WI and Madison, WI area. Contact a Business Banker today for a customized solution.

Total Business Checking Does your business require a checking account that accommodates a high number of transactions? If so, Oak Bank's full-featured Total Business Checking Account may be the premier option for your business needs.

Simple Business Checking Do you have a small business that demands efficient and economical checking services? If so, Oak Bank's non-interest bearing Simple Business Checking account will suit your business needs best.

Business Interest Checking Is your organization a sole proprietor, municipality, governmental unit or non-profit? If so, Oak Bank's full-featured interest bearing account will be an ideal solution to maximize your business dollars.

Not-for-Profit Checking Our exclusive not-for-profit checking account gives you the opportunity to earn interest on your excess available balances.

Does your business require a checking account that accommodates a high number of transactions? If so, Oak Bank's full-featured Total Business Checking Account may be the premier option for your business needs.

Account Features	Benefits
Generous Earnings Credit Low Activity Fees Sweep Features	Earnings Credit offsets activity fees with your daily balances. Lower balances necessary to offset your fees. Connects with money market accounts or lines of credit for customized cash management advantages.

Oak Bank's Total Business Checking Account actually rewards you, in the form of an Earnings Credit, for the value of your balances. You can avoid activity charges by maintaining a certain account balance. Although federal law prohibits banks from paying interest on business checking accounts, you can still come out ahead. Here's how it works: The Earnings Credit is calculated based on the average collected balance for the month, less reserve requirements. If your account's Earnings Credit is greater than the activity fees, no charge is assessed. If the Earnings Credit is less, the difference is charged against your account. Ultimately, the Earnings Credit may cover the cost of business services.

• Non-interest bearing account for businesses and governmental units with no minimum balance required.
• There is a monthly maintenance fee of $10.00 that may be offset by an earnings credit.
• There is a per item check/debit fee of $0.20 and per item deposit fees of $0.075 for On-us, $0.095 for Local, $0.105 for Regional, and $0.115 for Transit. These charges may be offset by an earnings credit.

Do you have a small business that demands efficient and economical checking services? If so, Oak Bank's non-interest bearing Simple Business Checking account will suit your business needs best.

Account Features	Benefits
Low Activity Fees Low $2500 Minimum Balance	Many transactions possible without fees. Avoids monthly service fees and saves you money.

• Non-interest bearing account for businesses and governmental units.
• To avoid the monthly $9.75 service fee, maintain a $2,500.00 average daily collected balance.
• A monthly service fee of $0.25 per deducted item over 25 per month and $0.25 per deposited item over 50 per month will apply.

 

Is your organization a sole proprietor, municipality, governmental unit or non-profit? If so, Oak Bank's full-featured interest bearing account will be an ideal solution to maximize your business dollars. Check out our great rate.

Account Features	Benefits
Generous Interest Rate Low Activity Fees Sweep Features	Makes money on your transaction account funds. Saves company money on financial services. Connects with money market accounts or lines of credit for customized cash management advantages.

• An interest bearing account for sole proprietors and governmental units with no minimum balance required.
  There is a monthly maintenance fee of $10.00.
• There is a per item check/debit fee of $0.20 and per item deposit fees of $0.075 for On-us, $0.095 for Local, $0.105 for Regional, and $0.115 for Transit.
• Earn a variable interest rate, which may change weekly, credited and compounded monthly on daily collected balances.

If you would like to apply for a business checking account, call 608/441-6000 or contact us.