Business Checking

Business Checking

With our Business Checking choices, you can control your business finances more effectively than ever. Our checking products are designed to help you make your money work for you.

And don't forget you can always check on your money at Progressive Bank. Day or night, you have access to the information you need when you need it. To access your information via the web, visit us at www.progressivebank.com. If you prefer, you can use Quick Access, our telephone banking system, 24 hours a day. Simply give us a call at 1-800-960-7584.

Stop by one of our locations today and let us help you decide what account fits your needs best!

Simply Business Checking

Our Simply Business Checking is available for any business type. It only takes $100.00 to open. All electronic transactions are at no cost to you and you also receive up to 75 non-electronic transactions for no fee each month. For non-electronic transactions over 75, the fee is only $.25 each. Basic Business Online Banking and Online Bill Pay are both available with this account with no fee as well. When you open your Simply Business Checking account, your first order of Basic Business Checks is on us. We will also throw in a Stub Keeper, Bill Keeper, Register, Binder, 200 Deposits slips, and a Pre-inked Endorsement stamp at no cost.

Business Lite Checking

Business Lite Checking is an affordable Business Checking account designed to meet the daily needs of your growing business. This account is available to Sole Proprietor/DBA customers only. With a $2,500 minimum monthly balance or $5,000 average monthly balance, you incur no monthly service fee; and, you receive up to 150 FREE transactions each month. If you fall below the balance minimums, the monthly fee is still only $12.00. Each transaction over 150 is only $.25 each. In addition, you can get a Corporate VisaTM Card*, Basic Business Online Banking with Online Bill Pay for only $9.95/month, and an $800 Progressive Overdraft Privilege limit*.

Progressive Commercial Analysis Checking

This account is designed to meet the expanding needs of today's larger-transaction-volume or higher-account-balance businesses. Progressive Commercial Analysis Checking allows you to manage your funds safely and conveniently. Earnings Credit uses the value of your checking balances to offset some or most of your normal transaction costs. There are no transaction limitations on this account and it is available to all types of businesses.

Progressive Business Interest Checking

Let your money make more money for you. If you are a Sole Proprietor/DBA or a Non-profit Organization, you can open a Progressive Business Interest Checking account and let your money work for you. The monthly maintenance fee for balances less than $2,500.00 is only $12.00 and transaction fees are $.16 per debit paid, $.20 per deposit credited, and $.12 per item deposited. Be sure to sign up for Business Online Banking and Online Bill Pay when you open this account to make access to your business funds easy and convenient.

*Pending normal approval procedures.

Compare Checking Accounts

Business Checking Comparison

Product

Simply Business

Business Lite

Commercial Analysis

Business Interest

Availability

Any Business Type

Sole Proprietors / DBA Accounts Only

Any Business Type

Sole Proprietors / DBA or Non-Profit Organizations Only

Minimum to Open

$100

$1,000

Monthly Service Fee*

$0

$2,500 and Above

No Fee

Below $2,500

$12.00

Waived if monthly Average Balance is $5,000 or more

$15.00

$2,500 and Above

No Fee

Below $2,500

$12.00

Item Fees

First 75 checks/non-electronic withdrawals each month are Free

$.25/each after first 75 each month

No fee for electronic transactions

First 150 transactions of any type each month are Free

$.25/each after first 150 each month

$.20 for each deposit credited

$.16 for each debit paid

$.12 for each item deposited

Interest

 

 

No, however Earnings Credit may be used to offset monthly fees.

Checkmark

Tiered

Minimum Balance to Earn Interest:  $1,000.00

e-Statements

Required

$10.00 / month Fee for Paper Statements

Recommended

Overdraft Privilege*

 

Checkmark

$800.00

 

 

Extras

Basic Business Online Banking at no cost.

 

Free Order of Basic Business Checks – 1st order ONLY

Business Online Banking starting at only $9.95 each month

*Overdraft Privilege pending approval.  NSF/OD charges may apply.  Monthly Service Fees based on minimum monthly balances.

 

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