Deposit Products

At Bippus State Bank, we offer options for our business customers. Whether you own a small business or are needing an account for a large corporation, we have a product that will work for you. Plus, because BSB knows that every business is unique, feel free to stop by and talk to a Customer Service Representative to find out if we can customize one of our existing products especially for you.

Simplified Business Checking

As a small business owner, you need an account that works for you. With features like a low minimum balance requirement and a high transaction limit, BSB’s Simplified Business Checking is designed especially for small businesses.

  • Minimum balance to open: $100
  • Unlimited deposits
  • Minimum balance to avoid fee: $3,000. (A balance below $3,000. on any day in the month will result in a $5 charge for that month)
  • 101 or more checks written – $0.25 per item
  • Limited to 400 total transactions (per item count) per month
  • Free online banking (business internet banking available for an additional charge)
  • Free bill pay available
  • Free telephone banking
  • ATM/Checkcard

Analysis Business Checking

Bippus State Bank’s Analysis Business Checking is designed for any business that carries a large enough balance to offset any monthly fees. This account applies an earnings credit to reduce or eliminate fees on the account. If the earnings credit exceeds the fees for any period, you will be assessed NO fees, but your account will not be paid, allowed to carry forward, or receive a credit for any excess earnings credit.

  • Unlimited deposits
  • Free online banking (business internet banking available for an additional charge)
  • Free bill pay available
  • Free telephone banking
  • ATM/Checkcard
  • Maintenance fee – $10 per month
  • Debits – $0.15 per item
  • Items deposited, local or nonlocal – $0.08 per item
  • Deposits – $0.25 per item
  • FDIC assessment – market driven
  • Coin furnished – $0.10 per roll
  • Currency furnished – $0.25 per strap

Business Savings

  • Minimum balance to open: $200
  • Unlimited deposits
  • Minimum balance to avoid fee: $200 (A balance below $200 on any day in the month will result in a $2 charge for that month)
  • Limited to six withdrawals per month
  • Free online banking
  • Free telephone banking

Account Opening Checklist for Businesses

  • EIN Verification
  • Articles of Incorporation or Origination
  • Certificate of Existence
  • Valid photo ID of all signers