Business Checking Account
Quantum Business Checking is designed to support businesses of all sizes with seamless banking solutions. Enjoy flexible transaction limits, online and mobile banking, and cash management tools to help your business run smoothly. With competitive fees, free digital banking services, and options for wire transfers and employee debit cards, Quantum Business Checking provides the financial foundation your business needs to grow.
Rates
🛠 Simple and cost-effective for small businesses & startups.
- Ideal for: Freelancers, startups, and small businesses with low transaction volume.
- Monthly Fee: $5
- Transactions: 100 free transactions per month, then $0.25 per transaction.
- Cash Deposits: Free up to $5,000 per month, then $0.30 per $100 deposited.
- Extras: Online & mobile banking, bill pay, and free debit card
| APY: | 0% |
| Points: | 0 |
📈 For businesses scaling up and handling moderate transactions.
- Ideal for: Growing businesses that need flexibility and more transactions.
- Monthly Fee: $15
- Transactions: 300 free transactions per month, then $0.20 per transaction.
- Cash Deposits: Free up to $10,000 per month, then $0.25 per $100 deposited.
- Extras:
- Free incoming wire transfers.
- Two free outgoing domestic wire transfers per month.
| APY: | 0% |
| Points: | 500 |
🏆 Designed for established businesses with high transaction volume.
- Ideal for: Mid-sized to large businesses with regular wire transfers and deposits.
- Monthly Fee: $25
- Transactions: 500 free transactions per month, then $0.15 per transaction.
- Cash Deposits: Free up to $20,000 per month, then $0.20 per $100 deposited.
- Extras:
- Free unlimited incoming & outgoing domestic wire transfers.
- No fees for stop payments or cashier’s checks.
- Dedicated business relationship manager.
| APY: | 0% |
| Points: | 1000 |
Testimonials
Jason M.
E-Commerce Business Owner
As my e-commerce store grew, I needed more flexibility. This account gives me higher limits and free wires, saving me time and money
Ava R.
Creative Studio Owner
As a freelance graphic designer, I needed an affordable account without extra fees. Quantum Business Essentials gives me everything I need to manage my money efficiently!
FAQs
Business Checking FAQs
To open a business checking account, you typically need:
- A valid government-issued ID (e.g., driver’s license or passport)
- Business formation documents (e.g., Articles of Incorporation or LLC operating agreement)
- EIN (Employer Identification Number) or Social Security Number (for sole proprietors)
- Business license (if applicable)
- Initial deposit (varies by bank)
You can access your account through:
- Online and mobile banking
- ATMs
- In-person branch visits
- Business debit cards
- Checks and electronic transfers
Some business checking accounts require a minimum balance to avoid fees, while others offer no-minimum balance options. Be sure to review your local branch's specific requirements.
Yes, many business checking accounts integrate with merchant services to accept credit card payments and offer invoicing features through online banking or third-party payment processors. Check with your local branch for available options.
Disclosures
- Minimum Opening Deposit Required. A minimum deposit of $100 is required to open a business checking account.
- Transaction Limits Apply. Additional transactions over the free limit will incur a per-transaction fee.
- Wire Transfers. Free wires are only applicable to specific account tiers. International wires may carry additional fees.
- Monthly Fee Waivers. Waived fees require maintaining the stated minimum daily balance.
- Terms Subject to Change. Quantum Bank reserves the right to update account terms, fees, and benefits with notice.