Commercial Checking and Savings

Commercial Checking Account

  • $1,000.00 minimum deposit to open
  • Multiple check options for your business needs
  • Free Online Banking
  • Free Online Bill Pay
  • $10.00 monthly maintenance charge
  • Monthly Activity Charges:
    • $0.15 per check paid
    • $0.10 per item deposited
    • $0.20 per deposit

Monthly Earning Credit

These Charges will be offset by an Earnings Credit calculated by multiplying average daily collected balance, less legal reserves, times an Earnings Credit Rate (ECR based on a 90-day projected T-Bill Rate).

Commercial Savings Account

  • $300.00 minimum deposit to open
  • No Service fee if balance maintained at $100.00 and over
  • Balances less than $100.00 will receive a $1.00 Monthly Service Fee
  • One Free withdrawal per month, $1.00 service fee per withdrawal thereafter
  • Interest is compounded daily,  paid quarterly
  • Free Online Banking

Commercial Now Account*

  • $1,500.00 minimum deposit to open
  • Unlimited Withdrawals
  • No monthly service fee if balance kept over $1,500.00
  • Daily balance less than $1,500.00, $15.00 monthly service fee
  • Interest paid monthly.** Below $1,500.00 no interest paid
  • Free Online Banking
  • Free Online Bill Pay
  • Checks and debit cards are available

Commercial Money Market Account

  • $2,500.00 minimum deposit to open
  • No monthly service fee if balance kept over $2,500.00
  • Daily balance less than $2,500.00, $10.00 monthly service fee
  • Three free checks per statement cycle, $10.00 fee per withdrawal thereafter
  • Interest paid monthly, below $1,500.00 no interest paid
  • Free Online Banking
  • Free Online Bill Pay

* Now Accounts are offered as Commercial Accounts only if they are a Non-Profit or Sole-Proprietor.

** Interest paid monthly at the current Bank of DeSoto rate.

Commercial Account Debit Cards

Bank of DeSoto offers debit cards for qualified applicants. Come in and see New Accounts for more information.