Business Checking

It’s easy to do your Business Banking with First National Bank of Eagle River. We’ve designed Commercial Deposit Accounts to accommodate the Northwoods business. Our pricing and fee structure is easy to understand and based on the local market versus a large metropolitan area.

• Business NOW Account
• Business Checking Account
• Business Money Market Checking
• Sweep Accounts
• Payroll Checking Account
• Internet Banking
• Business Checking Fee Example
• Additional Benefits

Business NOW Account :

Qualified* businesses can earn interest on their balances with the Business NOW Account. A minimum daily balance of just $1,500 waives the monthly maintenance fee. Regardless of balance, the following Per Item Fees are assessed:


• Per Check or Debit: $0.09
  Free Debits: 50
• Per “On Us” Item Deposited: $0.05
  Free On Us Items: 25
• Per “Transit” Items Deposited: $0.05
  Free “Transit” Items: 25

The interest rate paid is set independently by the Bank and fluctuates with market conditions. Call a Personal Banker or Branch Manager for the current rate.

Back to Top

Business Checking Account :

With our regular Business Checking Account, a minimum daily balance of $1,000 waives the $5 monthly maintenance fee. Regardless of balance, the following Per Item Fees are assessed:

• Per Check or Debit: $0.09
  Free Debits: 50
• Per “On Us” Item Deposited: $0.05
  Free On Us Items: 25
• Per “Transit” Items Deposited: $0.05
  Free “Transit” Items: 25

Back to Top

Business Money Market Checking:

This limited transaction account has two tiers for the purposes of determining the interest earned. A minimum daily balance of just $1,000 waives the monthly maintenance fee, while balances in excess of $2,500 earn a higher interest rate. Call today for current rates.

Back to Top

Sweep Accounts:

For larger commercial customers, we offer Sweep Accounts to help with your cash management. Talk to on of our Senior Officers about earning a higher rate on your balances.

Back to Top

Payroll Checking Account:

There is no monthly service fee or minimum balance requirement on Payroll Checking when your primary Business Checking Account is with First National Bank. If you don’t have your primary Checking with us, the Business Checking Account fees apply.

Back to Top

Internet Banking:

Check balances, transfer funds, make loan payments and review recent transactions right from home or at the office. Our basic Internet Banking is free of charge for our commercial customers.

Back to Top

Business Checking Fee Example:

As an example, with a daily balance that did not fall below the $1000 daily minimum, where 75 checks were written and 75 “On Us” items and 100 “Transit” items were deposited, the fee for the month would be:



$2.25 for the checks written that exceeded 50.
$2.50 for the 50 “on us” deposited items that exceed 25.
$3.75 for the 75 “transit” deposited items that exceed 25.

$8.50 TOTAL!

Back to Top

Additional Benefits:

Rolled coin and strapped currency is available at no extra cost to our business customers. A standard sized zipper bank bag and access to the Commercial Night Depository is also included with each business account. Endorsement stamps, checks and check systems, accounting supplies and locking bags are also available and competitively priced.

All business Statements are generated the last business day of each month and whenever practical, are mailed the next business day.
We encourage you to check our fees against our competition or what you’re paying now. We think you’ll like what you see.

*Available only to sole proprietorships.

Back to Top