BankMidsouth.com

 

Business Checking

Business Checking

Business is built on credits and debits. Customers pay you for products and services. In turn, you pay suppliers and employees. It takes both sides of the equation to operate your business—stay balanced with MidSouth’ s business checking.

eBusiness Checking

A low-cost checking account designed for the business customer who processes 150 or fewer items per statement cycle.

  • Initial deposit to open account is $100.
  • No Monthly Maintenance Fee
  • FREE Online Banking
  • FREE 24-Hour Telephone Banking
  • Free MasterMoney™ business debit card
  • Free use of MidSouth ATMs at each location
  • Remote deposit capture (scan and deposit checks at your business) is available
  • $0.40 per item over 150 per cycle
  • Cash handling fee of $1.00 per thousand after the first $10,000 per cycle.
  • $4.00 monthly charge for paper statements, if requested. 

Business Checking

  • Initial deposit to open account is $100.
  • No Monthly Maintenance Fee
  • FREE Online Banking
  • FREE 24-Hour Telephone Banking
  • Free MasterMoney™ business debit card
  • Free use of MidSouth ATMs at each location
  • Remote deposit capture (scan and deposit checks at your business) is available
  • $15 monthly service charge if average daily balance falls below $5,000
  • $0.40 per item over 500 per cycle
  • Cash handling fee of $1.00 per thousand after the first $10,000 per cycle

Non-Profit Checking

The perfect solution for non-profit organizations to help manage your group’s finances.

  • No monthly service charge
  • Initial deposit to open account is $100
  • FREE Online Banking
  • FREE 24-Hour Telephone Banking
  • Free MasterMoney™ business debit card
  • Free use of MidSouth ATMs at each location

Commercial Checking (Account Analysis)

Ideal for larger companies who have high deposit activity or an interest in using credits to reduce service charges.  A service charge is charged only when activity fees and maintenance fees exceed the earnings credit. 

  • Initial deposit to open account is $100
  • FREE Online Banking
  • FREE 24-Hour Telephone Banking
  • Interest earnings credit on collected balance less 10% reserve on this account offsets service charges
  • Maintenance Fee $20 per statement cycle
  • Charge per deposit*
  • Charge per on-us item deposited and charge per other item deposited*
  • Charge per debit item (checks written)*
  • Assessment charge per $100 balance may apply.
  • Free MasterMoney™ business debit card
  • Free use of MidSouth ATMs at each location

Business Super NOW

  • Initial deposit to open account is $2,500
  • Minimum daily balance to avoid service charge is $2,500.
  • Service charge if daily ledger balance drops below $2,500 during statement cycle is $9
  • $0.25 charge per deposit
  • $0.065 per on-us item deposited and $0.08 per other item deposited
  • $0.13 charge per debit item (checks written)
  • See Interest Rate Information for current rates
  • FREE Online Banking
  • FREE 24-Hour Telephone Banking
  • Free MasterMoney™ business debit card
  • Free use of MidSouth ATMs at each location
  • For Sole Proprietors and Public Funds only

At our discretion, our interest rate and annual percentage yield may change at any time. You must maintain the minimum balance stated for your account each day to obtain the annual percentage yield. Interest begins to accrue no later than the business day on which we receive credit for non-cash items (for example, checks). The daily balance method is used to calculate the interest on your account and the amount of interest you earn is based on the daily collected balance. The daily balance method applies a daily periodic rate to the full amount of principal in the account each day.

Convenient and Online Services

  • Online Banking & Bill Pay - No matter your schedule, the bank is always available. With online banking you can access your accounts online anytime, view up-to-the-minute account balances, transfer funds between accounts and export files directly to your financial software all with the click of a button. 
  • E-Statements - e-Statements are an electronic version of the paper statement. Every month you’ll receive an email letting you know that your statement is ready to view, print or save.
  • MasterMoney® Business Check Cards - Check cards are more convenient than cash and safer than checks. MasterMoney check cards are accepted everywhere MasterCard is accepted. Plus, the card comes with the authorized signer’s name embossed on the front of the card.* 

*Not available on all accounts.

For Your Employees

Work Perks

We extend our loyalty to your employees, too. Our Work Perks Checking is a checking account with all the essentials your employees need.

Checking Account features *

  • Free first order of standard checks
  • Free 24-hour telephone banking
  • Free eStatements delivered to your valid email address
  • Free Notary service
  • Free MasterMoney Debit Card™
  • Free internet banking and bill pay with your valid email address

Special Discounts

  • Up to $100 discount on mortgage loan closing costs. **
  • Discounted interest rates on installment loans with auto-debit payment. **
  • MidSouth SELECT benefits for $3.95/month.

*Payroll direct deposit shall be required.  Miscellaneous service fees such as dormant fees, non-sufficient funds, overdraft fees, paper statement fees and certain ATM transactional fees may apply.  
** Subject to credit approval.  All benefits listed are subject to change at any time without notice.

Specific fees can be found in our Charges Common to All Accounts and our Analysis Fee Schedule. Dormant Account Service Charge An account is considered dormant if there has been no deposit to or withdrawal from the account for a period of twelve (12) months. All regular service charges apply to dormant accounts. Statements may not be sent more than once per year on dormant accounts. Accounts which are considered dormant will be service charged an additional $6 per statement cycle in addition to the routine service charge applicable to your particular account. This charge is applicable to all Checking and Savings accounts. Interest Rate and Annual Percentage Yield At our discretion, our interest rate and annual percentage yield may change at any time. You must maintain the minimum balance stated for your account each day to obtain the annual percentage yield listed under “Current Rate Information.” Interest begins to accrue no later than the business day on which we receive credit for non-cash items (for example, checks). The daily balance method is used to calculate the interest on your account and the amount of interest you earn is based on the daily collected balance. The daily balance method applies a daily periodic rate to the full amount of principal in the account each day.