Business Deposit Services
Successful businesses know where they're going - and at Horizon, we help them get there. Our dedicated team of experienced business bankers will partner with you to find the right solutions for your business. With our flexible checking accounts and savings options, you're sure to find an account that will work for you - no matter what size your business is.
Checking and Money Market Products |
Business Interest Checking is available to sole proprietorships, non-profits, and public entities only. The account earns interest and is designed for businesses with moderate account activity and average balances under $10,000.
Business Advantage Checking is designed to put your funds to work for you while taking advantage of earnings credit. This full service account is ideal for businesses with higher balances and transaction volumes or for businesses that have a need for cash management services such as loan sweeps and investments.
Easy Business Checking is tailored to meet the needs of smaller business customers and non-profit agencies with lower account activity and those wanting a non-analyzed business checking account.
Business Advantage Savings is offered to all business customers. Whether you have $1,000 or $1,000,000, this account offers competitive rates and flexibility, with its low minimum balance requirement and tiered interest rates.
Business Investor's Money Manager is a liquid investment account for businesses with high net worth and that want to place extra funds between investments. The account is a tiered structure and offers a competitive interest rate.
Checking Product Comparison |
| Business Interest Checking (available for sole proprietors, non-profits and public agencies only) |
Business Advantage Checking | Easy Business Checking | |
| Minimum Opening Deposit | $100 | $100 -Earnings credit paid -Negative earnings credit fee: Prime + 2% |
$100 |
| Minimum Balance Requirement | $5,000 | $0 | $0 |
| Monthly Service Charge | $9.00 (if below minimum balance) |
$7.00 | $0 |
| Per Item Charges | $0.15 for each check written or item deposited in excess of: -100 checks/debits -100 deposited items |
-$0.10 per deposit/credit -$0.05 per deposited item -$0.12 per check/debit -$0.05 per $100 currency/coin deposited, withdrawn, or exchanged -FDIC Fee |
$0.15 for each check written or item deposited in excess of: -150 checks/debits -200 deposited items (No per item charges for non-profits) |
| Earns Interest | √ | ||
| Visa® Debit Card and ATM Card | √ | √ | √ |
| No Annual Fee Visa® Credit Card | √ | √ | √ |
| Free Online Banking and Bill Pay | √ | √ | √ |
| Free Telephone Banking | √ | √ | √ |
| Overdraft Transfer Protection | √ | √ | √ |
| Monthly Statements | √ | √ | √ |
| Paid Check Return | Check safekeeping optional | Check safekeeping optional | Check safekeeping optional |
| Account Extras | Commercial night depository access and deposit drop off available (by written agreement) |
Commercial night depository access and deposit drop off available (by written agreement) |
Commercial night depository access and deposit drop off available (by written agreement) |
Money Market Product Comparison
| Business Advantage Savings | Business Investors Money Manager | |
| Minimum Opening Deposit | $100 | $100 |
| Minimum Balance Requirement | $1,000 | $50,000 (in order to earn high yield interest) |
| Monthly Service Charge (if below minimum balance) |
$5.00 (if below minimum balance) |
$0 |
| Earns Interest | √ | √ |
| Free Online Banking | √ | √ |
| Free Telephone Banking | √ | √ |
| ATM Access | √ | √ |
| Maximum Number of Automatic Transactions | Six | Six |
| Account Extras | Commercial night depository access and deposit drop off available (by written agreement), Limited Check Access |
Commercial night depository access and deposit drop off available (by written agreement), Six Free Wire Transfers Limited Check Access |
