Business Checking Accounts
Business Savings and Other Accounts
Business NOW Checking
This account is available to sole proprieters, not-for-profit and government agencies that meet certain regulatory requirements. It is an interest bearing account, with check writing features.
Basic Business Checking
Our low-cost checking account is an option for small and mid-sized businesses with limited account activity. Opening balance requirement is $100 and minimum balance to avoid service charge is $500. Excess transaction fees apply.
Analyzed Business Checking
Our Analyzed Business account is for businesses with a higher level of activity or larger balances. An earnings credit rate is applied to the balances you maintain in the account to offset costs of required services. Minimum balance requirement is $100. This type of account can be a designed as a sweep or zero balance account.
Interest on Lawyer's Trust Account (IOLTA)
An IOLTA is an interest bearing account designed specifically for attorneys who handle client funds. The interest earned is paid to the Lawyers Trust Fund of Illinois, which uses these funds for legal assistance and other public programs. In support of the fund, we waive the monthly maintenance fee for IOLTA. Winfield Community Bank is proud to be on IOLT's Honor Roll of Banks
Zero Balance Account
The ZBA is an Analyzed Business account used to move money between two or more accounts for the disbursement or concentration of funds. Each day, the balance in the ZBA is netted to zero. Accounts with positive balances are transferred to the concentration account and negative balances are funded by the concentration. This is an automatic method of controlling excess balances.
Sweep Account
Often used with a ZBA, you can automatically and electronically invest excess funds overnight in a bank money market or savings account. This service affords an effective way to earn maximum return on excess balances.
Business Money Market Account
This is an interest bearing account with limited check writing capabilities. Interest is credited monthly. A minimum balance requirement of $2500.00 waives minimum balance service charge.
Business Savings Account
Traditional savings account for businesses. Interest is credited monthly. Minimum balance requirement is $250.00
Small Business Checking
Perfect for home-based businesses, this account offers a $0.00 minimum balance requirement and includes 200 free transactions!
Specific account details and restrictions apply.
Please contact our Account Executives for complete details.
