Business Deposit Accounts

Planters Bank offers a business checking account that can be arranged to suit the needs of the individual business, corporation, or partnership. The service fees are based on the monthly activity and the average collected balance of the account for the statement cycle.

• $8 monthly maintenance per account
• $0.15 per checks and debit paid
• $0.08 per items deposited
• Fees for miscellaneous services such as stop payment, return items, wrapped coins, etc.
• An earnings credit against the service fee will be calculated on the average collected balance of the account for the statement cycle.*

• Effective 2/28/21, a $3.00 monthly mailed statement fee will be assessed unless your account is changed to e-statements on internet banking.

*The earnings credit rate is based on the current Money Market rate. A charge will be made against the account during the current month only if the credit allowance is not sufficient to cover the monthly activity charge.

Our non-profit checking account is designed especially for small not-for-profit organizations. The opening balance just $50, and this account has the same service charge as our regular business checking account. Stop by your local office to find out more about our non-profit accounts for your organization.

• $50  minimum opening deposit
• Monthly maintenance fee $6.00
• $0.065 per items deposited
• $0.11 per debit
• Fees for miscellaneous services such as stop payment, return items, wrapped coins, etc.
• An earnings credit against the service fee will be calculated on the average collected balance of the account for the statement cycle.*

• Effective 2/28/21, a $3.00 monthly mailed statement fee will be assessed unless your account is changed to e-statements on internet banking.

*The earnings credit rate is based on the current Money Market rate. A charge will be made against the account during the current month only if the credit allowance is not sufficient to cover the monthly activity charge.

A great account that provides the services you need. 

• $100 Minimum Opening Deposit
• $10.00 Minimum Balance Fee- $2,500 minimum balance to avoid fee
• $0.08 per credit fee, after the first 100 free items per month
• $0.02 per debit fee, after the first 75 free items per month
• Free online and mobile banking
• Free mobile deposit
• Free text banking
• Free bill pay with one of more payments per month; $5.00 per month if no bill payment

Planters Bank offers a money market account that provides a competitive rate of interest while allowing immediate access to funds. This account typically pays a higher rate of interest than the traditional savings account. Interest is accrued on a daily collected balance and is credited and compounded monthly.

• $500 Minimum Opening Deposit
• $6 Monthly Service Charge
• $500 Minimum Balance to Avoid a Service Charge
• Unlimited withdrawals may be made if done in person, by mail, by messenger, or at an ATM
• Limited to 6 transfers per month to another account with Planters Bank or to a third party by means of pre-authorized, automatic, or telephone to a third party

• Effective 2/28/21, a $3.00 monthly mailed statement fee will be assessed unless your account is changed to e-statements on internet banking.

Planters Bank’s NOW account is an account for certain organizations that earns interest.

• $500 Minimum Opening Deposit
• $6 Monthly Service Charge
• $1,000 Minimum Balance to Avoid Service Charge
• Unlimited Check Writing
• Interest accrues on daily collected balances of $1,000 or more; interest credited monthly
• Non-profit organizations; government units; incorporated businesses organized for non-profit; sole proprietorships qualify for NOW accounts.

• Effective 2/28/21, a $3.00 monthly mailed statement fee will be assessed unless your account is changed to e-statements on internet banking.

Planters Bank offers a wide variety of Certificates of Deposit that can be arranged to suit the needs of all depositors.

• Minimum Opening Deposit is $500.
• Investment terms start at 7 days and are available for up to 5 years.
• Interest rate is established at the time of purchase.
• Interest can be compounded back into the CD, transferred to another checking/savings account or issued in the form of a check.