Flagship Bank Accounts

Over the years, we’ve helped many businesses realize their goals.  From small, home-based businesses to larger corporations, we’ve provided our banking expertise to help companies grow and prosper.   

Checking and Savings Accounts

Order Checks

Flagship Bank offers low-cost checking accounts designed for small-to-large businesses depending on the activity in the account, and very competitively priced savings accounts. 

BUSINESS BASIC CHECKING
Designed for small businesses with limited banking needs.

  • $250 minimum daily balance requirement ($10 service charge if daily balance falls below $250)
  • $.35 for each check paid, debit, credit or deposited item over the first 50 items each statement period
  • Monthly statement with images of all checks and deposit tickets

ADMIRAL BUSINESS CHECKING ACCOUNT
Designed for small to medium-sized businesses with moderate transaction activity.

  • Competitive tiered interest rates paid on daily balance (1,2)
  • $5,000 minimum daily balance requirement
  • $15 service charge assessed if daily balance falls below $5,000
  • $.40 per each check paid, debit, credit, or deposited item over the first 250 items each statement period
  • Check images included with your bank statement

BUSINESS PLUS CHECKING
Designed for businesses with a higher volume of activity.

  • No minimum balance requirement
  • $15 monthly maintenance fee
  • Earnings credit used to offset fees (see ‘Sample Calculations’ below)
  • $.50 per deposit
  • $.12 per check paid, debit, ACH transaction or deposited item
  • Monthly statement with images of all checks and deposit tickets
  • See Sample Calculation of Monthly Activity Charges Below

NON-PROFIT/GOVERNMENT CHECKING ACCOUNT
Designed for non-profit 501(c)(3) businesses and government/public fund entities.

  • Competitive tiered interest rates paid on daily balance (1,2)
  • $500 minimum daily balance requirement
  • $.40 per each check paid, debit, credit, or deposited item over the first 500 items each statement period
  • $10 service charge assessed if daily balance falls below $500
  • Check images included with your bank statement

REGULAR SAVINGS

  • $50 minimum daily balance requirement
  • $5 service charge per month if daily balance falls below $50
  • Federal regulation limits this account to 6 withdrawals per month by telephone, Internet banking, preauthorized or electronic with no transfers by check, draft, debit card or similar order to third parties

MONEY MARKET SAVINGS

  • $1,000 minimum daily balance requirement
  • $10 service charge per month if daily balance falls below $1,000
  • Competitive tiered interest rates with interest paid monthly
  • Federal regulation limits this account to 6 withdrawals per month by telephone, Internet banking, preauthorized, electronic, debit card, check, draft or similar order to third parties

1At our discretion, we may change the interest rate on your account.
2This rate may change without notice.  


Business Plus Checking Sample Account Service Charge Calculation

EARNINGS ALLOWANCE:
Average Ledger Balance $42,000.00
Less: Uncollected Funds -   1,500.00
Average Collected Balance $40,500.00
Less: Reserve Requirement (10%) -   4,050.00
Equals: Net Average Collected Balance $36,450.00
ACCOUNT ACTIVITY:
Account Maintenance Fee      $15.00
Deposits8 x $0.50        $4.00
Checks Written40 x $0.12        $4.80
Checks Deposited20 x $0.12        $2.40
ACH Credits2 x $0.12        $0.24
ACH Debits4 x $0.12        $0.48
Uncollected Funds Charge        $1.64
Equals: Total Activity Charges This Month       $28.56
ACCOUNT CHARGE:      $28.56
Activity Charges
Less: Earnings Allowance *     -$10.84
Equals: Account Service Charge This Month      $17.72
Earnings Credit Rate 0.35% **

 

*The calculation is based on the number of days in statement period. This example illustrates Account Service Charge for a 31-day month/statement period. 

**The earnings credit rate is subject to change without notice.

Flagship Bank is required by Federal regulation to implement the Unlawful Internet Gambling Enforcement Act (Regulation GG – UIGEA) to ensure that its commercial customers’ accounts do not receive deposits or other credits derived from illegal Internet gambling.

Join us on FacebookIcon for: Facebook Widget

Contact UsIcon for: Contact

We are excited to hear from you and earn your business. Please keep in mind e-mail is not necessarily secure against interception. You can call us directly at 952.944.6050 during business hours.

Name is required.
Email is required.
Phone is required.
Comment is required.

Subscribe to Our Mailing ListIcon For: Online Banking