Checking Account Options
Get a quick glance at the differences between accounts or view our Comparison Chart.
Learn about our business checking options below. If you don't see what you're looking for on this list, or if you have additional questions, just give us a call at 540-591-5000 or stop by one of our convenient locations. One of our dedicated employees will be happy to assist you over the phone or in person.
Features
All of our commercial accounts include the following:
- FREE Online Banking
- FREE Bill Payment Services 4
- FREE eStatements
- FREE Images of Cancelled Checks
- FREE 24-Hour Telephone Banking
- FREE Visa® Business Credit Card (no annual fee) 4
- FREE Unlimited Currency and Rolled Coin Deposit Processing.
- FREE MoneyPass® ATM Surcharge Free Network 5
Account Details
Basic Business Banking
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This account is best suited for businesses with low checking account activity. You can submit up to 100 customer-initiated transactions 2,3 per statement cycle that will be processed at no charge. If more than 100 customer-initiated transactions 2,3 are processed per statement cycle, excess item fees of 35¢ per item will be imposed. There are no minimum balance requirements!
- FREE trial order of 50 wallet checks.
- If more than 100 transactions are processed per statement cycle, excess item fees of $0.35 per item will be imposed.
- Free Electronic NSF Check Recovery Service.
- Merchant Bank Card Services are available.
- Merchant Capture Services are available.
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Advantage Business Banking
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This affordable checking account is best suited for businesses with higher levels of checking account activity. Avoid paying monthly service charges by maintaining an average balance of just $2,500. You can submit up to 500 customer-initiated transactions 2, 3 per statement cycle that will be processed at no charge. If more than 500 customer initiated transactions 2, 3 are processed per statement cycle, excess item fees of 35¢ per item will be imposed.
- Up to $75 off first order of checks.
- If you maintain the $2,500 minimum balance requirement, there are no monthly maintenance fees. If your balance falls below this level, a $15 monthly maintenance fee is imposed.
- If more than 500 customer initiated transactions 2,3 are processed per statement cycle, excess item fees of 35¢ per item will be imposed.
- Free Electronic NSF Check Recovery Service.
- Merchant BankCard Services are available.
- Merchant Capture Services are available
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Business Interest Banking
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This account is available to any business with the desire to earn interest on checking funds. Avoid paying monthly service charges by maintaining an average balance of just $5,000. You can submit up to 250 customer initiated transactions 2,3 per statement cycle that will be processed at no charge. If more than 250 customer initiated transactions 2, 3 are processed per statement cycle, excess item fees of 35¢ per item will be imposed.
- Up to $75 off first order of checks.
- If you maintain the $5,000 minimum balance requirement, there are no monthly maintenance fees. If your balance falls below this level, a $15.00 monthly maintenance fee is imposed.
- If more than 250 customer initiated transactions 1,2,3 are processed per statement cycle, excess item fees of 35¢ per item will be imposed.
- Earn a competitive interest rate on balances of $5,000 or greater.
- Free Electronic NSF Check Recovery Service.
- Merchant Bank Card Services are available.
- Merchant Capture Services are available.
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Community Banking
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Bank of Botetourt is taking care of the organizations that serve our community with this FREE account. Community Banking is designed to meet the needs of local schools, municipalities, clubs and non-profit organizations with limited or seasonal checking account activity. There is no average balance requirement or per item fee!
- Up to $75 off first order of checks.
- Unlimited monthly transactions.
- No excess item fees.
- Electronic NSF Check Recovery Service available upon request.
- Merchant Bank Card Services are available.
- Merchant Capture Services are available.
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Commercial Management Banking
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Our non-interest bearing Commercial Management Banking account is designed for businesses with higher activity levels who wish to reduce or even eliminate monthly service charges. With this account, monthly maintenance fees and activity costs are offset by an earnings allowance. Commercial Management Banking can also improve the way you manage finances across all areas of your business, such as payroll, savings and daily operations. Commercial Management Banking is available for business entities.
- Maintenance Fee: $150
- Earnings Credit: Determined by Bank of Botetourt
- Account Activity Analysis
- Online Cash Management
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