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You’re growing — get checking that’s flexible enough to meet your needs through a transitional time.

Key Features

250 Free Items Per Month

Mastercard® Debit Card

Digital Banking

  • Ideal for businesses with medium transaction volumes
  • Avoid the $12 monthly service charge by maintaining a $500 minimum balance
  • 250 free items per month; $0.35 per item thereafter
  • Free online banking
  • Free mobile banking
  • Free eStatements
    • Paper statements available for $3 per month
    • Electronic check images available for free
  • Free Mastercard® debit card
  • Paper checks available for a low monthly fee
  • Additional business services available
  • Overdraft protection available
  • $100 minimum deposit to open 

Debit Cards are subject to approval. Other-banks ATM may impose a surcharge.

Your business type determines the documentation that will be needed to open a deposit account.1 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

 Sole Proprietorship

  • Proof of Business/Business License (if applicable)
  • Certificate of Assumed Name – if required by state law

 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 web site 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 web site 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 web site 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)

If you have any questions, please call 1-866-851-3000 or stop by any Security Federal Bank branch for more information.

1A check cashing license is required in the states of South Carolina and Georgia if the person or entity is engaged in the business of cashing checks, drafts or money orders for a fee, service charge or other consideration (i.e.- with purchase).

2Does not affect your credit score.

See Business Fee Schedule for all fee amounts, including charges which may apply for non-sufficient funds or overdraft.