Business Checking
Business Checking Built to Grow With You
From the solo entrepreneur just starting out to the growing company managing hundreds of transactions monthly, Federal Crown Bank has a business checking account designed around your cash flow — with tools that actually save you time.
Free transactions per month
Free cash deposits per month
Electronic payment deposits
Integration included
Choose Your Account
Two Accounts for Every Stage of Business
Whether you're managing basic cash flow or need advanced analytics and higher transaction volumes, we have the right checking account for your business.
- 200 free transactions per month ($0.45 each after)
- $7,500 free cash deposits per month ($0.30/$100 after)
- Fee waived with $5,000 avg monthly balance OR $250+ in Merch Svcs deposits OR enrolled in Preferred Rewards for Business
- Online Banking & Mobile Deposit
- Bill Pay + Zelle® for Business
- QuickBooks & accounting software integration
- Debit cards for owner + employees
- 500 free transactions per month ($0.45 each after)
- $20,000 free cash deposits per month
- Fee waived with $15,000 avg monthly balance OR enrolled in Preferred Rewards for Business Platinum Honors
- Cash Flow Monitor® with advanced forecasting
- Business Advantage Relationship Rewards
- 2 free outgoing domestic wire transfers/month
- Dedicated small business specialist access
Account Features
Built-In Tools That Run Your Business Better
Every Federal Crown Bank business checking account includes these tools — not as add-ons, but as core features designed to save you time and reduce bookkeeping headaches.
Automatically categorizes your income and expenses, forecasts your cash position 3 months ahead, alerts you to unusual spending patterns, and shows you your cash flow trend at a glance — from the mobile app or Online Banking.
Connect your Federal Crown Bank business checking account directly to QuickBooks Online, QuickBooks Desktop, Xero, Freshbooks, and other accounting platforms — transactions sync automatically, eliminating manual entry.
Send and receive money with other businesses and individuals quickly and easily using just an email address or mobile number. Zelle transactions are fast — often within minutes — and there are no fees for standard transfers.
Issue individual debit cards for employees with customizable spending limits per card. Monitor employee transactions in real time, set merchant category restrictions, and disable a card instantly if lost or misused.
Link a Federal Crown Bank business savings account or business credit card as overdraft protection. If your checking balance falls short, funds automatically transfer — preventing declined transactions and costly NSF fees.
Deposit checks from your phone using the Federal Crown Bank mobile app — snap a photo of the front and back, and funds are available as soon as the next business day. Business accounts support higher per-check and daily deposit limits.
Fee Schedule
Side-by-Side Fee Comparison
Complete fee schedule for both accounts. Understand every potential cost before you open — so there are no surprises.
| Fee Type | Business Fundamentals® | Business Advantage 360° |
|---|---|---|
| Monthly Maintenance Fee | $16/month | $29.95/month |
| Fee Waiver Conditions | $5,000 avg daily balance OR $250+ in Merchant Services deposits OR Preferred Rewards for Business enrollment | $15,000 avg daily balance OR Preferred Rewards for Business Platinum Honors enrollment |
| Free Monthly Transactions | 200 transactions | 500 transactions |
| Excess Transaction Fee | $0.45 per transaction | $0.45 per transaction |
| Free Cash Deposits (monthly) | Up to $7,500 | Up to $20,000 |
| Excess Cash Deposit Fee | $0.30 per $100 | $0.30 per $100 |
| Incoming Domestic Wire | $15/wire | $15/wire |
| Outgoing Domestic Wire | $30/wire | 2 free/month; $30 thereafter |
| Incoming International Wire | $16/wire | $16/wire |
| Stop Payment | $30 per item | $30 per item |
| NSF / Returned Item Fee | $35 per item | $35 per item |
Fees subject to change. See the Business Schedule of Fees for complete terms. Zelle® transfers, ACH payments, and bill payments count toward monthly transaction limits. Cash deposits at partner ATMs may have different limits and fees.
Which Account Is Right for You?
Fundamentals vs. 360° — Matching Your Business Stage
- Sole proprietors, freelancers, and single-owner LLCs
- Businesses with annual revenue under $500K
- Under 200 transactions per month (deposits, payments, payroll)
- New businesses in their first 1–2 years
- Businesses where the owner handles most banking personally
- Anyone who wants basic digital tools with easy fee waiver
- Growing businesses with employees and higher transaction volumes
- Businesses doing $500K–$5M+ in annual revenue
- 200–500+ monthly transactions needing higher free tier
- Companies requiring advanced cash flow forecasting and insights
- Businesses with payroll, vendor payments, and multiple debit cardholders
- Those seeking Preferred Rewards for Business relationship benefits
Business Insights
Financial Clarity for Your Business
Cash Flow Monitor and Business Insights give you a financial intelligence layer on top of your checking account — helping you make better decisions with your business money.
Based on historical income and spending patterns, Cash Flow Monitor projects your account balance 3 months forward — identifying potential cash shortfalls before they happen so you can act proactively.
See your total business income broken down by month and quarter. Identify seasonal patterns, compare year-over-year growth, and track whether your income is trending in the right direction.
Transactions are automatically sorted into spending categories (payroll, supplies, utilities, travel, etc.) with the ability to customize or recategorize. Export categorized data directly to QuickBooks or your accountant.
FAQ
Business Checking FAQs
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Can I link my personal Federal Crown Bank checking to my business account?Yes — if you have both a Federal Crown Bank personal checking account and a business checking account, you can view them both under the same Online Banking login. Transfers between personal and business accounts can be made online or in the app, but it's important to keep personal and business finances completely separate for accounting, tax, and liability protection purposes — even though the accounts are visible together.
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How do I waive the monthly maintenance fee?For Business Fundamentals®: maintain a $5,000 average daily balance in the account, OR have $250+ in monthly deposits from Merchant Services, OR be enrolled in Preferred Rewards for Business. For Business Advantage 360°: maintain a $15,000 average daily balance, OR be a Preferred Rewards for Business Platinum Honors member. The fee is evaluated monthly — if you meet the waiver condition in any given month, that month's fee is waived.
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What employee access levels are available?Business owners can set up employee Online Banking access with various permission levels: view-only (see balances and transactions), full access (can also initiate transfers and payments), or custom access (specific accounts visible, specific transaction types allowed). Employee debit cards can be assigned individual daily spending limits, ATM limits, and merchant category restrictions — giving you control without micromanagement.
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What are my overdraft protection options?You can link a Federal Crown Bank Business Advantage Savings account or a Business credit card as overdraft protection. When your checking balance is insufficient to cover a transaction, funds are automatically transferred from the linked account (savings transfer fee: $10/day on days a transfer occurs; credit line advance: subject to credit line terms and interest). This prevents declined transactions and NSF fees. You can also opt out of overdraft protection — declined transactions won't result in fees, but may cause operational issues for your business.
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Can I switch between Business Fundamentals® and Business Advantage 360°?Yes — you can request an account upgrade or downgrade at any time by visiting a branch or calling business customer service. Upgrading to Business Advantage 360° is straightforward and your account number, linked accounts, and transaction history carry over. Downgrading from 360° to Fundamentals is also available if your transaction volume decreases or your business needs simplify. There is no fee to switch between account types.
Open Your Business Checking Account
Apply online in about 15 minutes or visit any of our 4,300+ branch locations. Have your EIN or SSN (for sole proprietors), business formation documents, and ID ready.