Business Banking Accounts

Minimum Costs. Maximum Flexibility. Accounts that work for you. That's how Flagship Bank is Investing in you.

Dive into our business banking accounts.

Our business checking accounts provide you with a simple, cost-effective way to manage your cash flow and process your daily transactions. Each account is specifically designed to work in concert with the way your business does business.

Business Checking Accounts

Flagship offers checking accounts that will meet the needs of a variety of businesses. Whether you're a new start up that has a few deposits a month or a large company that needs to run payroll, we have the selection of accounts that can meet your demands.

Learn More
business meeting at table

All accounts include access to:

  • Online Banking
  • eStatements
  • Mobile Banking including mobile deposit
  • Optional Cash Management Services
  • Bill Pay
  • Check images included in monthly statements
  • Free debit card
  • Single sign on for business and personal accounts
  Business Basic Checking Admiral Business Checking Business Plus Checking Non-Profit / Government Checking
Designed For Small businesses with limited banking needs. Small to medium-sized businesses with moderate transaction activity. Businesses with a higher volume of activity. Non-profit businesses and government/public fund entities.
Monthly Maintenance Fee $10 service charge if daily balance falls below $250. $15 service charge assessed if daily balance falls below $5,000. $15 monthly maintenance fee. Earnings credit used to offset fees. $10 service charge assessed if daily balance falls below $500.
Minimum Daily Balance $250 minimum daily balance $5,000 minimum daily balance No minimum balance requirement $500 minimum daily balance requirement
Per Item Charge $.35 for each check paid, debit, credit or deposited item over the first 50 items. $.40 per each check paid, debit, credit, or deposited item over the first 250 items. $.12 per check paid, debit, ACH transaction or deposited item. $.50 per deposit. $.40 per each check paid, debit, credit, or deposited item over the first 500 items.
Earns Interest No Interest Tiers No Interest Tiers

Business Checking FAQs

We offer a variety of different account types to match your needs.

  • Business Basic Checking:

    The startup business checking account; it is designed for businesses with limited depository needs and balances.

  • Admiral Business Checking:

    If your business keeps healthy balances, has moderate transaction account activity, and wants to earn interest on its balances; this account is designed for you.

  • Business Plus Checking:

    If your business has a high volume of business activity, the Business Plus Checking account is designed for your business.

  • Nonprofit/Government Checking:

    Interest-bearing checking account for nonprofits and government entities.

Still not sure? Contact us today! All we need is a conversation and up to three month's statements and within 24 hours we will give you our best recommendation.

Yes! Flagship Bank has business and nonprofit checking accounts that earn interest. To learn more about how much interest you can earn, please see our rates page for more information.

We can definitely help you review your account to find savings and discuss how the charges work. Contact us today with three months of your current bank statements and within 24 hours we will calculate what your average monthly service charge will be at Flagship Bank and discuss other saving strategies.

The business savings is the perfect account for new businesses just starting out to help manage money while earning interest. Our business money market targets businesses with larger deposit balances with limited check writing ability. The money market has a higher tiered interest rate based on balance.

You're busy enough, you shouldn't have to worry about your accounts. Flagship Bank wants to make running your business as easy as possible, which is why we offer several cash management options! These include but are not limited to: Online Banking, ACH Origination, Business Bill Pay, Remote Deposit, Merchant Credit Card Processing, Sweeps, and more.

Tell me more

We offer several ways of making deposits including: At the branch, through our 24/7 night depository, by mail, at an ATM, through our mobile app, and remote deposit scanners.

Depending on the type of deposit you make at a Flagship Bank branch, ATM, or on a mobile device, your funds may be available the next business day. There are a few exceptions that may delay your funds' availability, including:

  • Deposits into an account that has been open for less than 30 days
  • Large dollar amount deposits

If you have any questions about your funds' availability, talk to a Flagship Bank representative by phone at 952-944-6050 or in one of our branches.

Yes! It's the most convenient way to manage your accounts by giving you access to monitor your account 24 hours a day, view check images, view statement history, download statement/transaction history, transfer funds from one Flagship account to another. It is scaled to meet your specific business needs and with Flagship Bank, we make it easy to ask questions on your account activity. Contact us to learn more.

Absolutely! Our online banking allows you to sync to Excel, Quicken ®, and QuickBooks ®

Switching your accounts to Flagship doesn't have to be complicated. Download our Business Switch Kit for step-by-step directions, worksheets, and everything you need to help assist you with the transition or even Contact us today!

Discuss your business needs with one of our bankers to find the perfect account for you.

Let's Go

Business Savings Accounts

You've built a strong business with good cash flow and growing deposit balances. Why not increase your returns by sweeping money into a money market or savings account? We provide business savings and money market options to do just that.

Learn More
coworkers meeting

All accounts include access to:

  • Competitive interest rates
  • eStatements
  • Link to any checking account for overdraft protection
  • Online Banking
  • Mobile Banking including mobile deposit
  • Single sign on for business and personal accounts
  Business Savings Business Money Market
Designed for business looking to Start putting money aside Get our most competitive interest rate
Minimum Daily Balance $50 minimum daily balance requirement. $1,000 minimum daily balance requirement.
Monthly Maintenance Fee $5 service charge per month if daily balance falls below $50. $10 service charge per month if daily balance falls below $1,000.

Business Savings FAQs

The business savings is the perfect account for new businesses just starting out to help manage money while earning interest. Our business money market targets businesses with larger deposit balances with limited check writing ability. The money market has a higher tiered interest rate based on balance.

Of course! However, Federal regulation limits this account to six withdrawals per month by telephone, online banking, preauthorized, electronic, debit card, check, draft or similar order to third parties. Flagship Bank provides a sweep service that can also be set up to help streamline this process. Contact us today!

Business savings requires a daily minimum balance of $50, a $5 monthly service charge occurs if the balance falls below $50.

Business money market requires a daily minimum balance of $1,000, a $10 monthly service charge occurs if the balance falls below $1,000.

  • Savings accounts, money market accounts, or certificate of deposits can provide different benefits for your business. And chances are, life circumstances might change which is best for your business. If you need to start small with a minimal deposit, a regular savings account is likely the best place to start. You'll get the security of FDIC insurance and immediate access to your money when you need it.
  • If you have access to a larger amount of money that is required for regular business operating expenses, a money market account may be best for your business, but please keep in mind that this type of account also requires a higher initial deposit and minimum balance.
  • Feeling confident you won't need your savings for a while? A certificate of deposit may be the option since it will generally offer higher interest rates among savings accounts, but the tradeoff is that it will have early withdrawal penalties if immediate access to the money is needed. Learn more about certificate of deposits here.

Discuss your business needs with one of our bankers to find the perfect account for you.

Let's Go

Business Credit Card

If you're looking for the flexibility and ease of use of a business credit card, then we can provide you with the perfect one to match your company. With a variety of rate and reward options, choosing the right business credit card is easier than ever.

Learn More Apply Today
women making an online purchase

Choosing the right business credit card is easier than ever.

No matter which card you choose, you'll enjoy important features like:

  • Award-winning expense management tools
  • Zero Fraud Liability
  • Auto rental collision damage waiver
  • Free employee cards
  • EMV smart chip technology for added security
  • Mobile purchasing for added convenience

Earn valuable rewards.

Visa® Business Cash Card

Earn cash back1 every time you use your card: 3% on office supply store net purchases and phone/internet services, 2% on restaurant and gas net purchases, and 1% on all other eligible net purchases, plus get $25 cash back after your first purchase.

Visa® Business Bonus Rewards Card

Watch your rewards add up fast with 1 point for every $1 you spend on eligible net purchases, and receive automatic bonus points each month, plus get $25 cash back1 after your first purchase.

Visa® Business Bonus Rewards PLUS Card

Watch your rewards add up even faster with 1 point for every $1 you spend on eligible net purchases, and receive even more automatic bonus points each month, plus get $50 cash back1 after your first purchase – all with a low annual fee.

1 - Reward points can be redeemed as a cash deposit to a checking or savings account or as a statement credit to your credit card account. First purchase bonus points will be applied 6 to 8 weeks after first purchase and are not awarded for balance transfers or cash advances.

The creditor and issuer of these Cards is Elan Financial Services, pursuant to separate licenses from Visa U.S.A. Inc., MasterCard International Incorporated, and American Express. MasterCard is a registered trademark of MasterCard International Incorporated. American Express is a federally registered service mark of American Express.

Business Credit Card FAQs

Small business owners benefit from using a small business credit card by separating business expenses from your personal expenses. This can help you manage your cash flow, help protect you from fraudulent charges, maintain control over your employee spending and help make tax preparation easier. Plus you'll get the convenience of using a credit card for everyday purchases while earning cash or travel rewards (most cards) for your business. Finally, established businesses can use a small business credit card to start building credit for the business.

For ownership types of Sole Proprietor or Trust, either a TIN or SSN are acceptable. For all other ownership types a TIN is required.

Yes, you can find out more about the cards we offer and apply for one that fits your needs here

  • Name of Business
  • Tax ID
  • Address
  • Contact information for the business
  • Expected monthly cash and international transactions
  • Business Owners personal information

Absolutely! We offer a variety of cards to fit your business needs. More information on the cards we offer can be found here.

Reward points are earned on net purchases only. Reward points are earned on net purchases only. Net purchases include all purchases minus any credits posted to the account for returns during the billing cycle.

No. Unlike other reward cards, your Bonus Rewards card gives you more rewards, not more rules. You'll earn bonus points every month, automatically. There's no need to opt in to the program, and no limit on the spend categories that qualify.

Like what you see? Talk to a banker today on how we can simplify your finances.

Let's Go