Business Checking

Business Checking & Savings

The success of your business is important to us and we want to make managing your money easy.

All checking accounts include the following features:

Business Checking

No minimum deposit to open
Bank of DeSoto Debit Card

Commercial Now Account*

$1,500.00 minimum deposit to open
Unlimited withdrawals
Bank of DeSoto Debit Card

Savings

No minimum deposit to open

Money Market & CDs

$2,500.00 minimum deposit to open

Certificate of Deposit

$2,500.00 minimum deposit to open
Available from 1 month to 60 months
Interest available by compounding or by check
Convenient automatic renewal option

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digital wallet

Simplify your payments with digital wallet

Explore Our Digital Wallet

Fees

Monthly maintenance charge | Fee: $10.00
Monthly activity charges
Per check paid | Fee: $0.15
Per item deposited | Fee: $0.10
Per deposit | Fee: $0.20

Monthly Earning Credit

These charges will be offset by an Earnings Credit calculated by multiplying the average daily collected balance, less legal reserves, times an Earnings Credit Rate (ECR based on a 90-day projected T-Bill Rate).

Commercial Now Account*

Fees

Daily Balance and Monthly Fee

$1,500.00 or more | No Monthly Fee
$1,499.99 or less | $1.00 monthly fee

Additional Fees
Withdrawals - One free, $1.00 fee per withdrawal thereafter

*Now Accounts are offered as Commercial Accounts only if they are a Non-Profit or sole proprietor.

Interest is paid monthly at the current Bank of DeSoto rate. Below $1,500, no interest paid.

Fees

Daily Balance and Monthly Fee

$100.00 or more | No Fee
$99.99 or less | $1.00

Additional Fees

Withdrawals: One free, $1.00 fee per withdrawal thereafter

Interest is accrued daily at the Bank of DeSoto current rate, paid quarterly.

Interest is paid monthly at the Bank of DeSoto current rate, below $1,500.00 no interest is paid.

Bank of DeSoto's interest rates on CDs fluctuate with current market conditions. CDs may be written to mature on any date. Please ask our New Account Reps to quote Bank of DeSoto's rate for the desired maturity. Federal Regulations require a substantial penalty for early withdrawal.

Federal Regulations require a substantial penalty for early withdrawal.