Business Checking

At SBIC, we believe our clients deserve a rewarding banking experience. That's why we've designed our Business Checking accounts to offer you the power to streamline your cash flow and the flexibility to grow exponentially. Plus, we'll automatically reimburse you for out-of-network ATM usage fees1 from any bank, anywhere because your convenience is our priority.

Business Checking Banner Image

Empower Your Business with SBI California Business Checking

From small companies to large corporations, we have an account that fits your business needs with all benefits to enrich your banking experience.

 

Basic Business Checking

Simple Business Checking

Elite Business Checking

Ultimate Business Checking

Analysis Business Checking

Interest Business Checking

Attorney Client Trust Checking

Ideal for

Businesses  with minimal transactions with internet banking necessities 

Businesses that are new and have low volume  transaction activity

Businesses with a need for greater transaction allowances with fraud protection

Businesses with high volume  transaction activity

Businesses with high end treasury and volume business clients

Businesses with low volume transaction activity with a desire to earn interest while staying liquid

Specialty account for attorneys and law firms with interest earning requirements

Interest Earning

 

 N/A N/A N/A N/A N/A

0.15%

3.74%

Minimum Initial Deposit

$100

$100

$100

$100

$500

$2,500

$100

Monthly Service Fee

$18

$15

$40

$90

See Fee Schedule

$20

$0

Average Monthly Balance to Waive the Monthly Fee

$1,500

$5,000

$25,000

$75,000

See Fee Schedule

$15,000

N/A

Account Transactions (debits, credits, and deposit items) per month and transaction fees4

25 free transactions included; $0.45 per transaction over 25

200 free transactions included; $0.45 per transaction over 200

400 free transactions included; $0.45 per transaction over 400

500 free transactions included; $0.45 per transaction over 500

See Fee Schedule

50 free transactions included; $0.45 per transaction over 50

Unlimited transactions

Additional Checking Accounts

Available5

Available5

Available5

Available5

Available5

Available5

 Available5 

Unlock your company's full potential

When you combine your Business Checking account with our comprehensive Treasury Management services, you gain access to powerful tools designed to enhance your business operations. Our solutions help you mitigate risks, improve efficiency, and reduce processing costs, ultimately boosting your profitability.

Our Treasury Management Solutions include:

  • Business Online Banking (BoB): Access your accounts, manage transactions, and monitor your business finances conveniently online.
  • Bill Pay with Expedited Payments: Efficiently pay bills and invoices, including expedited payments for time-sensitive transactions.
  • Debit Card Available for Certain Accounts6: Enjoy the convenience of a business debit card for everyday purchases and cash withdrawals.
  • Merchant Services: Accept credit card payments from your customers, streamlining your sales process.
  • Remote Deposit Capture (RDC): Deposit checks electronically, saving time and reducing the risk of lost or stolen checks.
  • Fraud Protection: Safeguard your business from fraudulent activity with our robust fraud protection measures.
  • Wire Services: Send and receive international and domestic wire transfers securely and efficiently.
  • Remittance Services: Easily transfer funds to India and other countries.
  • ACH Services (Incoming & Outgoing): Process electronic funds transfers for both incoming and outgoing payments.

 

 FAQs

 

1. What is the minimum initial deposit required for a Business Checking account?

The minimum initial deposit depends on the type of Business Checking account you choose. For the Basic Business Checking, Simple Checking, Elite Business Checking, Ultimate Business Checking, and Attorney Client Trust Checking accounts, the minimum deposit is $100. For the Analysis Business Checking Account, it’s $500, and for the Interest Business Checking Account, it’s $2,500. Please refer to the table above for more details.

2. How many free transactions are included in each Business Checking account?

The minimum initial deposit depends on the type of Business Checking account you choose. For the Basic Business Checking, Simple Checking, Elite Business Checking, Ultimate Business Checking, and Attorney Client Trust Checking accounts, the minimum deposit is $100. For the Analysis Business Checking Account, it’s $500, and for the Internet Business Checking Account, it’s $2,500. Please refer to the table above for more details.

3. Can I access my Business Checking account online?

Yes, you can access your Business Checking account online through our Business Online Banking platform.

 

1 Reimbursements vary based on account type. Please see applicable Account Agreements for specific reimbursement terms.

2 Interest rates are variable and may change as often as daily without notice. Interest is calculated on the daily collected balance, compounded daily, and credited monthly. Interest begins to accrue on the first business day the Bank receives credit for the deposit of non-cash items (e.g., checks). For current rates, please visit the Deposit Rates page, call us at 1-877-707-1995, or visit your preferred local branch.

3 Interest is paid to State Bar. Please consult with one of our Business Banking Representative for more details.

4 Transaction fees cannot be waived by maintaining the required minimum balance. For additional transaction fees that may apply, please see the Business Banking Schedule of Fees and Charges.

5 Additional fees/charges may apply. Please see details listed in applicable Account Agreements and the Business Banking Schedule of Fees and Charges.

6 Please consult with one of our Business Banking Representative for more details.

 

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