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Free and flexible checking for small business

Focus your resources on your business—not your banking. Free Business Checking comes with 500 free transactions and a slew of other benefits, without monthly fees or a required minimum balance.

Overview

You’ve worked hard to establish your business and deserve a banking partner that’s equally committed to your success. So you'll be happy to know we offer a Free Business Checking account with features that save you time and money.

$0 Minimum account balance
500 Free transactions
No monthly maintenance fee
Not only does MIDFLORIDA offer more free transactions per month, we don't count debit card transactions against your limit. In addition, if you deposit multiple checks in one visit, it will only count as 1 transaction. That means you can focus on your business without worrying about fees.

Find a nearby branch to open your Free Business Checking account today.


Features

Benefits that work for you!

Details & Fees

Upfront account details

Name Fee
Monthly Maintenance Fee $0
Minimum to Open $100
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; $.25 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 None
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 January 1, 2017 and may be cancelled at any time without notice. A $5 deposit is required for membership with MIDFLORIDA Credit Union. Contact us to learn about other promotions. Business Account Incentive: All owners of the business must establish a minimum $5 membership account. A minimum $100 Business Savings account is required to open a Free Business Checking account. Promotion applies to new Free Business Checking accounts. No dividends are paid on Free Business Checking. Annual Percentage Yield for Free Business Checking is 0.00%. Any business EIN that has been paid a business checking incentive will not qualify for the $300 incentive. In addition to opening a new Free Business Checking account, which includes accepting and opening online banking, eStatement, eNotice, and accepting a debit card, you must also make deposits totaling at least $5,000 in a calendar month for two of the first six months of account opening, and you must complete five transactions (deposits, withdrawals, etc.) within the first 45 days. 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. Minimum to open Free Business Checking is $100. Other business accounts may qualify. See associate for details regarding terms and fees. Personal Account Incentive: Promotion applies to new Free Checking accounts. 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 $200 incentive. In addition to opening a new Free Checking account, which includes 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, you must also apply and be approved for a consumer loan. The $200 will be deposited to the new Free Checking account after the qualifications have been met, and will be reported to the IRS. Minimum to open Free Checking is $50. Other checking products may qualify with restrictions. See associate for details regarding terms and fees.