Choose the Business Checking Account that works for you!
Compare Business Checking Accounts
Choosing the right business checking account is crucial for the financial health of your company. At Security Federal Bank, we understand the diverse needs of businesses, which is why we offer a range of options to suit your requirements. Whether you're a small business owner or managing a commercial enterprise, our business checking accounts provide the flexibility, features, and security you need. Compare our small business bank account and commercial checking account options today to find the perfect fit for your company's financial management needs.
Features Available for All Accounts:
Online/Mobile Chat
Fraud Protection & Security
Easy Quickbooks® Integration
Classic Business Checking
Ideal for businesses with lower transaction volumes
- 150 free items allowed per month (debits, credits and checks)
- $0.35 item over 150/month
- Free eStatements and electronic check images
- Paper statements available for $3 per month
- Check images included on paper statements for $2 per month
- Paper statements available for $3 per month
- Access to Autobooks to send invoices and receive digital payments through Security Federal Bank online banking or the app
- Free debit card (subject to approval)
- Enjoy automatic rebates at more than 50,000 merchants1 by using your debit card through Mastercard Easy Savings®
- Overdraft protection available
-
Minimum to Open - $100
- No minimum daily balance
Premium Business Checking
Ideal for businesses with medium transaction volumes
- 250 free items allowed per month (debits, credits and checks)
- $0.35 item over 250/month
- Free eStatements and electronic check images
- Paper statements available for $3 per month
- Check images included on the paper statement for $2 per month
- Paper statements available for $3 per month
- Access to Autobooks to send invoices and receive digital payments through Security Federal Bank online banking or the app
- Free debit card (subject to approval)
- Enjoy automatic rebates at more than 50,000 merchants1 by using your debit card through Mastercard Easy Savings®
- Overdraft protection available
-
Minimum to Open - $100
- Minimum Daily Balance to Avoid Monthly Fee- $500
- Monthly Fee if Minimum Daily Balance Not Met - $12
Commercial Analysis Checking
Robust checking account that can handle even the largest transaction volumes
- Unlimited items (debits, credits and checks) per month at low, per-item fees
- Free eStatements and electronic check images
- Paper statements available for $3 per month
- Check images included on the paper statement for $2 per month
- Paper statements available for $3 per month
- Access to Autobooks to send invoices and receive digital payments through Security Federal Bank online banking or the app
- Free debit card (subject to approval)
- Enjoy automatic rebates at more than 50,000 merchants1 by using your debit card through Mastercard Easy Savings®
- Available for businesses and non-profit organizations
- Overdraft protection available
-
Minimum to Open - $100
- No minimum daily balance
- Monthly Service Charge - $13.95
What Items are Needed to Open An Account?
The following items/actions are required for All Business Types:
- Business Name/Address/Phone Number
- EIN/TIN of Business
- Give Security Federal Bank permission to do a soft-credit pull2
- Identifying Information on Beneficial Owners/Members and/or authorized signers
- Minimum: SSN, DOB, Address, Phone number, Acceptable Photo ID
Additional Items are determined by your business type:
Sole Proprietorship
- Proof of Business/Business License (if applicable)
- Certificate of Assumed Name – if required by state law
- Social Security Number or Federal Employee Identification Number (EIN)
Partnership
- Partnership Agreement
- A certificate of Limited Partnership for limited partnerships
- Business status listed as active, current or in very good standing on the Secretary of State's website for the state in which the business was incorporated.
Limited Liability Company (LLC)
- Articles of Incorporation stamped with proof of filing with the state (Operating Agreement is required if the Articles do not show the Members/Owners)
- Business status listed as active, current or in very good standing on the Secretary of State's website for the state in which the business was incorporated.
Unincorporated Association/Organization
- Business name filing document, such as a Fictitious Name Certificate or Certificate of Trade Name
- Organizing document, such as Articles of Association (if available) or bylaws
- Corporate Resolution identifying authorized signers if officer names are not listed on Articles of Association or bylaws
Corporation
- Signed Corporate Resolution by all officers
- Business status listed as active, current or in very good standing on the Secretary of State's website for the state in which the business was incorporated. Check Status
- Articles of Incorporation stamped with proof of filing with the state (Operating Agreement is required if the Articles do not show the Members/Owners)
Non-profit Organization
- Articles of Incorporation stamped with proof of filing with the state (Operating Agreement is required if the Articles do not show the Members/Owners)
- Verification of Non-profit status/Tax-exempt status
Voluntary Associations- Club Accounts
- Organizing document, such as Articles of Association (if available) or bylaws
- Corporate resolution authorizing the account and assigning transaction authority (if available)
How do the SFB Business Debit Card rebates work?
Get valuable rebates on your business spending with Mastercard Easy Savings.
- Simply use your Security Federal Business Debit Card to enjoy automatic rebates at more than 50,000 merchants.1 There’s no enrollment fee, no coupons and no codes.
- Your savings will be applied to your account each month – automatically.
- Mastercard Easy Savings is ready to save you money on your everyday business purchases. Start making the most of the program today.
- Additional Information and participating merchants can be found at easysavings.com
What other business products do you offer?
- ACH Services
- ACH Positive Pay
- Autobooks
- Commercial Sweep Accounts
- Lockbox
- Merchant Services
- Overdraft Protection
- Remote Deposit Capture
- Treasury Online Banking
- Zero Balance Accounts
- Wire Transfers
Account opening and credit are subject to bank approval.
1Restrictions apply. Rebates currently available for qualifying eligible purchases made with your Security Federal Bank Business Debit Card. Participating merchants and rebate offers subject to change. You'll receive Mastercard Easy Savings Program rebates on top of merchant discounts and your card rewards.