Checking Accounts

At Chemical Bank, we offer a variety of accounts to meet the needs of our commercial customers from checking and money market accounts to cash management programs. Our experienced representatives will help you select the accounts that are best for your business. The features of our three business checking accounts are highlighted below.

Regular Business Checking Account

Our most popular checking account for business purposes.

• No minimum balance to maintain
• A low monthly maintenance fee of $6.00 *
• Additional charges (after 50 Deposited Items are processed):*
• Additional charges (after 50 on-us Check/Debit items are processed)
  • Each check or withdrawal paid $0.14
  • Each check deposited to account $0.09

*These charges (except returned unpaid check fees of $5.00 per item) are offset by an earnings credit on the average investable balance in the account during a statement cycle. When there is no check or deposit activity during the month, the $6.00 monthly maintenance fee will be waived on accounts maintaining a $1,000 minimum balance.

NOW Interest Business Checking Account

This account offers the benefit of a checking account with the earnings power of a savings account.

Unincorporated sole proprietors and certain non-profit organizations are eligible for NOW (Negotiable Order of Withdrawal) interest-bearing checking accounts for business purposes.

• Earns daily interest
• Requires $500 initial deposit
• A monthly maintenance fee of $6.00 is charged*
• Additional charges (after 50 Deposited Items are processed):*
• Additional charges (after 50 on-us Check/Debit items are processed)
  • Each check or withdrawal paid $0.14
  • Each check deposited to account $0.09

* Charges can be offset by interest earned on the account. When there is no check or deposit activity during the month, the $6.00 monthly maintenance fee will be waived on accounts maintaining a $1000 minimum balance.

Federal banking regulations prohibit the use of NOW Interest Business Checking Accounts by corporations, LLCs and by partnerships.

If the average collected monthly account balance is negative, service charges will be increased by applying the prime lending rate in effect at month-end to the average negative uncollected balance amount for the monthly statement period.

These service charges are subject to change at any time.

Municipal NOW Account

Our Municipal NOW Account is an interest-bearing checking account for any municipality -- township, county, city, public school, etc. This account offers the following features:

• Variable interest rate based on market conditions
• No per check or per item charges
• No monthly service charge when you maintain the minimum balance requirement ($35,000 minimum daily balance or $50,000 average daily balance during the monthly statement cycle)