BUSINESS CHECKING AND MONEY MARKETS

Basic Business Checking

Designed for accounts with limited activity, Basic Business Checking is a simple business account. Avoid a minimum balance fee by having an average monthly collected balance of at least $2,000. This account allows you to:

  • Write up to 50 checks per month at no charge
  • Make up to 20 deposits per month at no charge
  • Request check images and statements at no charge
  • The convenience of a Visa Business card
  • Free online and mobile banking with e-statements

Sole Proprietor and Nonprofit Interest Checking

Sole proprietors, nonprofits, and public agencies can take advantage of our interest-bearing Business and Nonprofit Interest Checking Account. With an average collected balance of at least $5,000, you can avoid a minimum balance fee. This checking account allows clients to:

  • Earn competitive, tiered interest rates
  • Write up to 50 checks per month at no charge
  • Make up to 20 deposits per month at no charge
  • Request check images and statements at no charge
  • Obtain a linked Visa Business card
  • Free online and mobile banking with e-statements

Business Analyzed Checking

Businesses with a significant volume of monthly transactions receive a detailed analysis of their checking account activity on their monthly statements. In many cases, your balance will offset most, if not all, account fees. Other benefits of Business Analyzed Checking include:

  • No minimum balance required
  • Unlimited transactions
  • Check images and statements at no charge
  • The convenience of a Visa Business card
  • Free online and mobile banking with e-statements

Business Money Market

An interest-bearing account with flexibility, our Business Money Market account allows you to earn a competitive interest rate on your dollars. With an average collected balance of at least $5,000, you can avoid a minimum balance fee. With this product, you also receive:

  • Up to six pre-authorized transfers per month (per federal regulations)
  • No monthly account maintenance fees
  • Attractive, tiered interest rates
  • No minimum on account withdrawals
  • Free online and mobile banking with e-statements

Certificates of Deposit*

Choose from a variety of fixed rate Certificates of Deposit (CDs) with terms from seven days to five years.

With a minimum investment of $1,000, this investment vehicle allows your business the security of a guaranteed interest rate for a period of time that best fits your needs. The interest you earn can be reinvested in the CD, transferred to another Bank of San Francisco account, or paid by check to you at an interval you choose – monthly, quarterly, semiannually, or at maturity.

Flex Certificates of Deposit*

Have access to your money when you need it. Bank of San Francisco’s Flex CD allows you to enjoy the high rate of a traditional CD with the flexibility of a savings account.

With a minimum initial investment of $10,000, your business will earn interest on this investment at the prevailing interest rate for the life of the CD. However, if rates rise, you have the flexibility to increase the interest rate once before the stated maturity date. You also have unlimited flexibility to increase your CD and the flexibility to make a one-time withdrawal of up to 50 percent of your CD prior to maturity.

IOLTA Tiered Checking

Lawyers holding money in a trust or escrow on behalf of a client can apply for a tiered, interest-bearing checking account managed by the State Bar, the Interest on Lawyers’ Trust Account (IOLTA). Lawyers also enjoy the following benefits with IOLTA Tiered Checking:

  • No transaction limits
  • No charges for checks or deposits
  • The convenience of a Visa Business card

Please contact us to speak with a specialist.

*Early withdrawal/closure penalties may apply.