Business Checking

Your partner. Since 1864.

For more than a century, Independent Bank has proudly served business owners and communities across Michigan. Our commitment to each business customer is to build and maintain a long-term partnership founded on personal service and dedication to the success of your business.

We offer competitive business checking account options for businesses of all sizes. Our accounts are designed so that you can pick the services you need.

Service charge & minimum balance

Interest

Per item fee

- Checks/paid debits
- Deposits/credits
- Deposited items

Currency/coin deposited fee

Business Freedom checking

Are you a small business or sole proprietor? This account is designed specifically for you!

NONE with an average daily balance of $1,000+ or with e-statements 

or $2 / month service charge

First 250 items FREE each month 

then $0.40 per additional item

First $10,000 FREE each month

then $1.50 per $1,000

Community Freedom checking

Not-for-profit organizations, associations, groups, and clubs have unique needs, and our Community Freedom checking is designed specifically to meet them. Ask us about our Public Fund options for schools, colleges, and governmental units.

NONE with an average daily balance of $1,000+ or with e-statements 

or $2 / month service charge

First 250 items FREE each month 

then $0.40 per additional item

First $10,000 FREE each month

then $1.50 per $1,000

BusinessFlex checking

If your corporation wants to earn a competitive interest rate, our BusinessFlex plan may be for you.

NO minimum balance

$10 / month service charge

Variable interest rate on daily collected balance

Checks paid/debits: $0.20 per item


Deposits/credits: $0.30 per item


Deposited items: $0.10 per item

First $10,000 FREE each month

then $1.50 per $1,000

EagleAdvantage checking

It’s a perfect solution for businesses with a high volume of activity and the need for services such as direct deposit of payroll, electronic collection of payments, or reconciliation services.

$10 / month service charge

Monthly earnings credit on average collected balance applied to offset monthly service charge*

Checks paid/debits: $0.20 per item


Deposits/credits: $0.30 per item


Deposited items: $0.10 per item

$0.50 per $1,000

EagleAdvantage Plus checking

If you keep a high balance in your business checking account and want to earn interest, the EagleAdvantage Plus is a smart choice.

NONE with an average daily balance of $25,000+ 

or $15 / month service charge

Variable interest rate on daily collected balance

Checks paid/debits: $0.20 per item


Deposits/credits: $0.30 per item


Deposited items: $0.10 per item

First $10,000 FREE each month

then $1.50 per $1,000

Give your business the advantage

Independent Bank offers remote deposit capture for its business banking clients. Remote Deposit allows any size business, nonprofit, or municipality to deposit checks into a bank account without having to deliver actual checks to the bank.

Save time and money with these great features that are included with all our business checking accounts:

  • Free Independent Bank debit card
  • Free business online banking^ and e-statements
  • Free account alerts to help manage your account and debit card
  • Free telephone banking and teller transactions

Treasury Management - choose the services you need

We'll customize a program to meet your needs, so you only pay for the services that make sense for your business. For a full description of our Treasury Management products, visit our Treasury Management page. We offer sweep accounts, lockbox services, merchant bankcard services, account analysis, and much more.

Note: Please refer to our schedule of service(s) and fees for complete information. Some restrictions apply.
*The earnings credit varies and is based on the investable balance in the account. It is applied to offset the account’s monthly activities fee. Earnings credit is subject to change at any time.
**The average daily balance is calculated by adding the principal in the account for each day of the cycle and dividing that by the number of days in the cycle.
^Business online banking carries a fee if Treasury Management services that are managed through business online banking are added.