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Commercial Checking

At Peoples Bank, we take pride in our commitment to providing personalized solutions for businesses. As a community bank, we understand the unique challenges and needs of local businesses. That's why we're thrilled to offer our Commercial Checking account. With its comprehensive features and our expert guidance, this account is designed to address the complex banking needs of businesses like yours.

Unlock the Potential of Your Business with Commercial Checking

A Commercial Checking account can be a game-changer for your business. Here's how it can benefit you:
  1. Tailored Solutions for Your Business: Our Commercial Checking account is designed specifically to meet the needs of businesses with more complex banking requirements. We understand that one size does not fit all, and we are dedicated to providing personalized solutions that align with your unique goals.
  2. Earnings Credit Allowance: Benefit from an earnings credit allowance on deposit balances, which may offset activity fees associated with your account. This allows you to optimize the value of your deposits and potentially reduce banking costs.
  3. Competitive Monthly Service Charge: With a monthly service charge of only $10 (plus tax), our Commercial Checking account offers a cost-effective solution for your business banking needs.
  4. Affordable Transaction Fees: Enjoy the convenience of low-cost transactions with transaction items priced at just 10¢ each. This ensures that you can efficiently manage your business finances without incurring excessive charges.
  5. Reasonable Coin and Currency Deposits: Simplify your cash handling processes with coin and currency deposits priced at just 50¢ per $1,000. Our goal is to make it easier for your business to manage cash flows.
  6. FREE Peoples Bank Mastercard® Debit Card: We print your debit card right at the bank!
  7. FREE Online Banking: Manage your accounts, track transactions, and pay bills conveniently through our secure online banking platform.
  8. FREE Mobile Banking with Mobile Deposit: Access your business accounts and deposit checks on the go with our user-friendly mobile banking app.
  9. FREE Bill Pay: Pay your bills easily through Peoples Bank Online & Mobile Banking.
  10. FREE E-Statements with Online Check Images: Access your statements online.
  11. FREE Thank You Gift for opening a new business checking account.
  12. BUY BACK of your debit cards and unused checks from another financial institution

Ready to Take Your Business Banking to the Next Level? Contact Us Today!

Experience the power of Commercial Checking by Peoples Bank. Visit one of our 10 locations located in Northwest Iowa, Southwest Minnesota, or Southeast South Dakota, or contact us to set up an appointment with our business banking experts. Let us be your trusted financial partner, providing the personalized solutions and guidance you need to navigate the complexities of business banking.





Frequently Asked Questions (FAQ)

A Commercial Checking account is specifically designed for businesses with more complex banking needs. It offers tailored solutions, including an earnings credit allowance on deposit balances and specialized pricing for transactions and cash deposits.
The earnings credit allowance is a credit earned on the average collected balance in your account. It may offset activity fees associated with your account, potentially reducing or eliminating certain banking costs.
Our Commercial Checking account has a competitive monthly service charge of only $10 (plus tax). Transaction items are priced at just 10¢ each, and coin and currency deposits are priced at 50¢ per $1,000.
Yes! Our Commercial Checking account provides access to online banking and a user-friendly mobile banking app. Stay in control of your business finances with convenient 24/7 access to account management, statements, and transactions.
Opening a Commercial Checking account is simple. Visit one of our bank locations in Northwest Iowa, Southwest Minnesota, or Southeast South Dakota, or contact us to set up an appointment with our business banking experts. We'll guide you through the account opening process and provide the personalized guidance you need.















Experience the power of Commercial Checking by Peoples Bank. Let us be your trusted financial partner, supporting your business growth and success. Contact us today to open your account and take the first step toward unlocking the full potential of your business banking.


*Minimum opening deposit is only $25. Ask us for details. Bank rules and regulations apply. Other fees such as overdraft paid and overdraft returned fees, etc. may apply. See fee schedule for details. Transaction items include all debits and credits. If the Simply Free Business or Business Interest account exceeds 1,000 free monthly transaction items, the account may be converted to another checking product. If the Simply Free Business or Business Interest account exceeds $10,000 in monthly coin and currency deposits, the account may be converted to another checking product. Dormant Accounts – Accounts with daily ledger balances below $1,000 will be charged $2.50 per month if dormant for one year or more. Rate Information – This is an interest-bearing account. The interest rate and annual percentage yield ( APY) will depend on daily balance. The interest rate and APY may change. Interest will begin to accrue the business day we receive credit for the deposit of non-cash items (i.e. check). Free gift may be reported on a 1099-INT or 1099-MISC. Free gift provided at the time of account opening. We reserve the right to substitute a gift of similar value. Up to $10 for checks and debit cards from another financial institution given at the time the checks/debit cards are presented. Fees may apply for debit card design upgrade. You may be charged an ATM service fee from an institution outside of the Peoples Bank or Privileged Status Networks

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