CHECKING ACCOUNTS

At Legends Bank, we understand the special financial needs of businesses.

That’s why we offer the commercial accounts and professional services you need to make your business productive and profitable. These accounts provide you with detailed records and easy-to-understand monthly statements to help you keep up with expenses and income. Talk to a personal banker at Legends Bank about these and other business banking services. We will be glad to assist you in selecting financial products to suit the needs of your business. All deposit relationships are insured up to the applicable limit of the Federal Deposit Insurance Corporation (FDIC).

Legends Small Business Checking

The Legends Small Business Checking account is designed to meet the basic needs of a small business by offering online convenience and flexible options for monthly transactions.

  • $100 minimum opening deposit
  • Up to 300 items* are included for minimum daily balances of $2,500 and more
  • Up to 150 items* are included for minimum daily balances of less than $2,500
  • Online banking and other cash management services
  • Business bill pay
  • E-statements included (paper statements available for an additional monthly fee)
  • ATM or debit card

*An item is any check written, each deposit and all individual checks deposited, transfers between accounts, online transactions, wire transfers, etc. An additional fee will be assessed for each item exceeding the monthly maximum.

Legends Business Checking

Legends Business Checking is a great account for larger businesses that make frequent transactions, offering access to a variety of commercial cash management services and other convenience services.

  • $100 minimum opening deposit
  • Fees are assessed based on transaction activity and can be offset with credits earned by maintaining an average daily balance
  • Online banking and other cash management services
  • Business bill pay
  • E-statements or paper statements
  • ATM or debit card

Legends Business Interest

Legends Business Interest offers unlimited check writing and a competitive interest rate to all types of businesses. With this account, you will also have access to a variety of commercial cash management services for convenience.

  • $100 minimum opening deposit
  • Earns competitive interest
  • Fees are based on transaction history and may be offset with credits earned by maintaining an average daily balance
  • Online banking and other cash management services
  • E-statements or paper statements
  • ATM or debit card

 

MONEY MARKET ACCOUNTS

Legends Business Reserve

This money market account offers a tiered interest rate schedule to maximize interest earning potential for larger balance accounts.

  • $100 minimum opening deposit
  • No monthly service fee with $2,500 minimum daily balance
  • Earns interest based on a tiered structure
  • Free first order of Legends checks
  • Unlimited teller and ATM transactions
  • Up to six EFT or check transactions; account converts to Legends Business Checking if transaction limits are exceeded*
  • Online banking and other cash management services
  • E-statements or paper statements
  • ATM card
  • Public funds do not qualify
  • For more information about our higher-yielding accounts, please contact one of our personal bankers.

Comparison chart

*Federal regulations require banks to limit the way withdrawals may be made from money market accounts. No more than six automatic transfers, online transfers or checks payable to a third party may be made during a calendar month or statement cycle of at least four weeks. Additionally, a bank fee will be assessed for each non-permissible money market withdrawal made beyond six in a statement cycle.