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Business checking that pays you interest

It's true - your business can earn interest on its checking account. Our Business Checking with Interest checking account earns a competitive dividend rate while offering free features like online banking, debit card rewards and up to 500 free transactions per month.

Overview

MIDFLORIDA's Business Checking with Interest has everything you're looking for when opening a business checking account - a low opening deposit, higher transaction limits and it earns interest. You'll get the flexibility and convenience you need to manage your business finances and optimize your cash flow.

Pays dividends
500 Free transactions
Free Online Banking & Bill Pay
Tired of having to beat the clock to make your company's deposits? At MIDFLORIDA, deposits are accepted all day, so you don't have to rush or waste your valuable time. Visit a branch for more convenient solutions geared to help your business.

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Features

Benefits that work for you!

Details & Fees

Upfront Account Details

Name Fee
Monthly Maintenance Fee $25 or $0 if you maintain a $5,000 average daily balance.
Minimum to Open $500
A $100 minimum business savings account is required, and all owners of the business must establish a $5 minimum membership account.
ATM Transactions Free at MIDFLORIDA branches and Publix Presto! ATMs
Number of Free Transactions 500 free transactions per month; $.15 per transaction after. Debit card transactions are excluded from transaction limit. Multiple checks deposited in the same transaction will count as one transaction.
Debit Card Transaction Fee None
Bill Pay Free
Checks Free starter kit
Statement Options eStatements are free with extended eStatement archival for 5 years. Paper statements are available for $2 per month.
Dividends Yes
Excess Debit Fee None
Coin Counting Free up to $200 per day; then 5% of amount over $200
Check Advance Available up to $1,500 limit.
Notices & Disclosures
1
Offer valid as of March 15, 2020 and may be cancelled at any time without notice. A $5 deposit is required for membership. Business Account Incentive - To qualify for the $300 incentive, all owners of the business must establish $5 membership accounts, and the business must open a Business Savings account (minimum $100 to open), a Free Business Checking account (minimum $100 to open), an online banking account, eStatement, eNotice, and a debit card, and must make deposits totaling at least $5,000 in a calendar month for two of the first six months of account opening and complete five transactions (deposits, withdrawals, etc.) within the first 45 days. No dividends are paid on Free Business Checking. Annual Percentage Yield for Free Business Checking is 0.00%. Any business EIN that has previously received a business checking incentive will not qualify for the $300 incentive. The $300 will be deposited to the new Free Business Checking account after the qualifications have been met, and will be reported to the IRS. Personal Account Incentive - To qualify for the $300 incentive, you must open a new Free Checking account and borrow from a new loan account (consumer loan, line of credit or credit card) within 45 days of account opening. Credit approval required. Existing loans will not qualify for this offer. The incentive for a new checking account alone is $200. No dividends are paid on Free Checking. Annual Percentage Yield is 0.00%. Anyone who has held a checking account with MIDFLORIDA in the past year will not qualify for the incentive. Opening a new Free Checking account requires accepting and opening online banking, online bill payment, eStatement, eNotice, direct deposit ($500 cumulative which must post within 45 days of account opening) and accepting a debit card. The incentive will be deposited to new Free Checking account after the qualifications have been met, and will be reported to the IRS. Minimum to open Free Checking is $50.