Business Checking Accounts

Elevate Your Business Banking with First Exchange Bank’s Premier Business Checking

Having the right bank account to manage your capital plays a vital role in the success of your business. Whether you’re a startup still establishing your roots or an established business seeking efficiency and expansion, a business bank account allows you to streamline operations, track finances accurately, and safeguard your assets. That’s precisely the goal of our Business Checking Accounts at First Exchange Bank. With flexible options and superior benefits, our business checking accounts are the cornerstone of your financial strategy, supporting your business every step of the way.

Choose the Right Business Checking Account for Your Needs

Designed to cater to the diverse needs of our business clientele across North Central West Virginia, our business checking solutions offer the perfect blend of functionality, flexibility, and financial benefit. Not sure which account is best for your business? Contact us for assistance in selecting the perfect option to meet your business banking needs.

firstEssential Business Checking

  • Perfectly suited for a wide array of businesses, our firstEssential Business Checking account is the go-to choice for companies looking for efficiency and simplicity in their financial transactions.
  • Key Features:
      • Enjoy up to 1000 FREE monthly transaction items, allowing for ample day-to-day banking without worry.
      • Benefit from the freedom of no minimum balance requirements, ensuring your business can operate flexibly.
      • Take advantage of no monthly service charges, reducing your operational costs.
      • Deposit up to $10,000 in currency each month for free, ideal for cash-based businesses.

firstBusiness Interest Checking

  • Designed for businesses aiming to maximize their funds, the firstBusiness Interest Checking account helps your balance grow with competitive interest rates.
  • Key Features:
      • Earn competitive interest on your checking balance, turning your account into a tool for financial growth.
      • Receive 1000 FREE monthly transaction items, providing substantial capacity for your business activities.
      • Maintain just a $5,000 minimum balance to avoid a low monthly fee of $6, keeping your costs predictable.
      • Enjoy the privilege of depositing up to $10,000 in currency per month for free, supporting your cash handling needs.

Commercial Checking

  • Our Commercial Checking account unlocks superior financial efficiency for businesses with complex banking needs, offering a robust framework for managing larger transaction volumes and cash flow.
  • Key Features:
    • Leverage an earnings credit allowance on your deposit balances to potentially offset activity fees, optimizing your financial operations.
    • Benefit from a low monthly service charge of only $15, designed to be economical for businesses at scale.
    • Transaction items cost just 15¢ each, providing an economical solution for high-volume transactions.
    • Coin and currency deposits are economically priced at just 50¢ per $1000, facilitating cost-effective cash management.

Enjoy Complimentary Services with Every Business Account

Every new business checking account comes with a suite of complimentary services designed to elevate your banking experience:

  • A FREE Business Debit Card for everyday expenses and financial transactions.
  • FREE Online Banking and Bill Pay to manage your finances anywhere, anytime.
  • FREE Mobile Banking with Mobile Deposit*, bringing the bank to your fingertips.
  • FREE eStatements for easy record-keeping and environmental friendliness.
  • A FREE Thank You Gift as our way of expressing gratitude for your business.
  • Free gifts for referring others, because we value the business community you help us build.
  • A $10 Buy Back of your old debit cards and unused checks from another financial institution, making the switch to First Exchange even easier.

What is Needed to Open a Business Checking Account?

The requirements for opening a business account depend on your business structure. To assist in opening your new account, we may request the following:

Company Structure
Sole Proprietorship SSN or EIN of Owner
Limited Liability Company (LLC) TIN of LLC, Articles of Organization, Operating Agreement
Partnership TIN of Partnership, Partnership Agreement, Certificate of Partnership
Not-For-Profit Organization TIN of Organization; If incorporated, follow corporation guidelines; If tax-exempt, IRS documentation or tax return ; If not tax-exempt, authorization letter
Corporation TIN of Corporation , Articles of Incorporation, Business License from the Secretary of State may also be requested

Beneficial Owners
The following information is needed for Beneficial Owners. Beneficial Owners are individuals who directly or indirectly own 25% or more of the legal entity and/or the individual who has significant responsibility for managing the legal entity:
• Name
• Physical Address
• Date of Birth
• Social Security Number
• Valid Government Issued ID

Why Choose First Exchange for Your Business Checking Needs?

Our local commitment means we understand the unique needs of businesses in White Hall, Mannington, Fairmont, Fairview, Hundred, and Morgantown, providing tailored solutions that truly fit. From our diverse range of business checking accounts designed to match the scale and scope of your operations to our unmatched cost efficiency, we prioritize minimizing fees, offering competitive interest rates, and providing a wealth of banking services to enhance your bottom line. With First Exchange Bank, you’re not just a client; you’re a valued member of our community, and we’re dedicated to helping your business thrive.

Open A Business Checking Account

Join First Exchange Bank — Where Your Business, is Our Business.

Discover the difference a dedicated banking partner can make in transforming your business goals to reality. Our team is eager to assist you in selecting the perfect checking account for your business needs. Call us at 304-534-7200 for more information, contact us online, or drop by any of our 7 convenient locations in White Hall, Mannington, Fairmont, Fairview, Hundred, and Morgantown. Together, let’s drive your business to the next level!

*First Exchange Bank does not charge for Mobile Banking, but your mobile service may charge for text messaging and/or web access. Be sure to check your service provider for data rates.

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